Hyde Park Jazz Festival
- Assets
- $292.9k
- Revenue
- $479.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Chicago, IL
- Founding
- 02/2009
- Data as of
- 12/2023
- EIN
- 26-3580954
Organization Overview
Hyde Park Jazz Festival is located in Chicago, IL. The organization was established in 2009. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Hyde Park Jazz Festival employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hyde Park Jazz Festival is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Hyde Park Jazz Festival generated $479.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $533.5k during the year ending 12/2023. While expenses have increased by 7.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRODUCE ANNUAL HYDE PARK JAZZ FESTIVAL AND SUPPORT THE ARTS IN CHICAGO
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PLANS AND PRODUCES THE HYDE PARK JAZZ FESTIVAL. THE TWO-DAY FREE FESTIVAL IN ITS 15TH YEAR BROUGHT TOGETHER SOME OF THE REGION'S BEST JAZZ PERFORMERS AS WELL AS NATIONAL ARTISTS TO THE SOUTH SIDE OF CHICAGO AND ATTRACTED NEARLY 15,000 ATTENDEES. AUDIENCE MEMBERS ARE ABLE TO EXPERIENCE MUSIC PERFORMED IN SOME OF THE SOUTH SIDE'S LEADING CULTURAL INSTITUTIONS AND VENUES INCLUDING: THE LOGAN CENTER FOR THE ARTS, ROCKEFELLER CHAPEL, THE SMART MUSEUM, THE HYDE PARK BANK, LITTLE BLACK PEARL, THE ORIENTAL INSTITUTE, HYDE PARK UNION CHURCH, SMART MUSEUM, AUGUSTANA CHURCH, THE INTERNATIONAL HOUSE, AND THE MIDWAY PLIASANCE. IN ADDITION, THE ORGANIZATION HOLDS OCCASIONAL CONCERTS AND HOSTS OTHER CULTURAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Moltz President | OfficerTrustee | 5 | $0 |
Judith Stein Secretary | OfficerTrustee | 5 | $0 |
Almarie Wagner Treasurer | OfficerTrustee | 5 | $0 |
John Ellis Director | Trustee | 2 | $0 |
Paula Jones Director | Trustee | 2 | $0 |
Susan Oppenheimer Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $47,125 |
| Related organizations | $0 |
| Government grants | $175,224 |
| All other contributions, gifts, grants, and similar amounts not included above | $217,382 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $439,731 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $28,225 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,940 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $479,001 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $73,500 |
| Compensation of current officers, directors, key employees. | $36,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,623 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105,660 |
| Advertising and promotion | $16,202 |
| Office expenses | $64,763 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $33,790 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,610 |
| All other expenses | $0 |
| Total functional expenses | $533,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,453 |
| Savings and temporary cash investments | $70,269 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,150 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $292,872 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $14,400 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,400 |
| Net assets without donor restrictions | $211,858 |
| Net assets with donor restrictions | $66,614 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $292,872 |