Jazz Institute Of Chicago Inc
- Assets
- $449.3k
- Revenue
- $409.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Chicago, IL
- Founding
- 04/1969
- Data as of
- 12/2020
- EIN
- 36-2668093
Organization Overview
Jazz Institute Of Chicago Inc is located in Chicago, IL. The organization was established in 1969. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2020, Jazz Institute Of Chicago Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jazz Institute Of Chicago Inc 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 12/2020, Jazz Institute Of Chicago Inc generated $409.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $501.7k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND PERPETUATE JAZZ MUSIC PERFORMANCE, EDUCATION AND CULTURE IN ALL ITS FORMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC AND SCHOOL PERFORMANCES OF JAZZ MUSIC
JAZZ LINKS-A PROGRAM TO BRING MUSIC INSTRUCTION, MENTORING AND WORKSHOPS TO CHICAGO PUBLIC SCHOOL STUDENTS. HISTORY OF THE MUSIC, HOW TO LISTEN, DEVELOPMENT OF JAZZ VOCABULARY FOR YOUNG LEARNERS
MEMBERSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Robinson Exec Director | OfficerTrustee | 40 | $94,683 |
Timuel Black Vice President | OfficerTrustee | 1 | $0 |
Warren Chapman Vice President | OfficerTrustee | 1 | $0 |
David Helverson President | OfficerTrustee | 1 | $0 |
Howard Mandel Secretary | OfficerTrustee | 1 | $0 |
Brian Myerholtz Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,669 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,975 |
| All other contributions, gifts, grants, and similar amounts not included above | $262,641 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $310,285 |
| Total Program Service Revenue | $15,916 |
| Investment income | $3,250 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $68,108 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,334 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $409,122 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $260,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,374 |
| Payroll taxes | $15,377 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,413 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,295 |
| Advertising and promotion | $43,492 |
| Office expenses | $21,850 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,113 |
| Travel | $1,504 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $883 |
| Insurance | $16,189 |
| All other expenses | $0 |
| Total functional expenses | $501,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $319,506 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,530 |
| 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 | $950 |
| Net Land, buildings, and equipment | $1,045 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $82,257 |
| Total assets | $449,288 |
| Accounts payable and accrued expenses | $5,645 |
| Grants payable | $0 |
| Deferred revenue | $323,655 |
| 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 | $199,900 |
| Other liabilities | $0 |
| Total liabilities | $529,200 |
| Net assets without donor restrictions | -$79,912 |
| Net assets with donor restrictions | $0 |
| 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 | $449,288 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Jazz Institute Of Chicago Inc has recieved totaling $920,520.
| Awarding Organization | Amount |
|---|---|
Iff Chicago, IL PURPOSE: Working Capital as part of the CCT program grant | $575,000 |
Doris Duke Charitable Foundation Inc New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $250,000 |
Prince Foundation Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $35,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $15,500 |
Alphawood Foundation Chicago, IL PURPOSE: GENERAL OPERATIONS | $15,000 |
Arie And Ida Crown Memorial Chicago, IL PURPOSE: PROGRAM SUPPORT | $15,000 |
Endowment Analysis
| Beg. Balance | $81,360 |
| Earnings | $302 |
| Admin Expense | $302 |
| Ending Balance | $81,360 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa County Recorders Association Ottumwa, IA | $2,929,223 | $39,789,803 |
Milwaukee World Festival Inc Milwaukee, WI | $107,459,917 | $5,773,948 |
Grant Park Orchestral Association Chicago, IL | $15,259,948 | $7,547,765 |
Jazz St Louis St Louis, MO | $11,818,193 | $2,884,733 |
Chicago Sinfonietta Inc Chicago, IL | $3,675,444 | $3,506,738 |
Ragtag Film Society Columbia, MO | $1,382,564 | $1,866,748 |
Percussive Arts Society Inc Indianapolis, IN | $5,047,679 | $2,367,696 |
Music Of The Baroque Concert Series Inc Chicago, IL | $2,610,285 | $1,900,263 |
Radio Arts Foundation Clayton, MO | $3,517,540 | $1,458,263 |
Great American Songbook Foundation Inc Carmel, IN | $8,944,393 | $1,441,715 |
Glenview Stars Hockey Assn 5 Glenview Ice Center Glenview, IL | $561,491 | $1,280,609 |
Saturday In The Park Inc Sioux City, IA | $111,911 | $911,266 |