Jazz Club Of Sarasota Inc
- Assets
- $108.2k
- Revenue
- $367.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Sarasota, FL
- Founding
- 04/1981
- Data as of
- 08/2020
- EIN
- 59-1997114
Organization Overview
Jazz Club Of Sarasota Inc is located in Sarasota, FL. The organization was established in 1981. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jazz Club Of Sarasota 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 08/2020, Jazz Club Of Sarasota Inc generated $367.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $317.2k during the year ending 08/2020. While expenses have increased by 11.0% per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE JAZZ MUSIC AS AN ART FORM
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDED SCHOLARSHIPS TO COLLEGE STUDENTS WHO ARE STUDYING JAZZ MUSIC WITH AN INTENT TO BECOME A PROFESSIONAL MUSICIAN.
PROVIDED VARIOUS JAZZ PERFORMANCES IN SARASOTA COUNTY, FLORIDA AS AN OUTREACH TO ITS CITIZENS AND TOURISTS. SEVERAL DIFFERENT STYLES OF JAZZ MUSIC WAS PROVIDED AT VARIOUS VENUES TO MAXIMIZE THE CLUB'S EXPOSURE AND INCREASE AWARENESS OF JAZZ MUSIC AS AN AMERICAN ART FORM.
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Linehan President | OfficerTrustee | 20 | $0 |
George Mcclain Vice President | OfficerTrustee | 10 | $0 |
Robert Walker Treasurer | OfficerTrustee | 6 | $0 |
Prince Knight Vice President | OfficerTrustee | 10 | $0 |
Peter Anderson Director | Trustee | 2 | $0 |
Louise Coogan Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $228,262 |
| Investment income | $5,965 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$8,059 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $367,944 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $7,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $31,731 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,140 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,864 |
| Advertising and promotion | $28,812 |
| Office expenses | $17,770 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,368 |
| Travel | $11,860 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $767 |
| Interest | $547 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,617 |
| All other expenses | $0 |
| Total functional expenses | $317,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,023 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $10,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,198 |
| Total assets | $108,221 |
| Accounts payable and accrued expenses | $823 |
| Grants payable | $0 |
| Deferred revenue | $9,090 |
| 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 | $9,913 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $98,308 |
Grants Awarded
Over the last fiscal year, Jazz Club Of Sarasota Inc has awarded $60,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Sarasota, FL PURPOSE: Arts | $24,250 |
Sarasota, FL PURPOSE: Arts | $24,250 |
Sarasota, FL PURPOSE: Arts | $6,000 |
Sarasota, FL PURPOSE: Arts | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jazz Club Of Sarasota Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Ruth Rogers Hoyt Foundation Inc Atlanta, GA PURPOSE: PRESERVATION OF MUSIC AND THE ARTS | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami Music Project Inc Miami, FL | $3,277,003 | $2,147,653 |
Indian River Symphonic Association Inc Vero Beach, FL | $1,160,757 | $589,183 |
Harrison High Band Boosters Inc Kennesaw, GA | $195,201 | $387,122 |
Hillgrove High School Band Boosterclub Marietta, GA | $146,405 | $332,631 |
Jazz Club Of Sarasota Inc Sarasota, FL | $108,221 | $367,944 |
Miami Chamber Music Society Miami, FL | $105,334 | $301,011 |
Pope Band Parents Association Inc Marietta, GA | $209,475 | $226,396 |
George H Buck Jr Jazzology Foundation Inc Columbus, GA | $4,320,599 | $533,652 |
Atlanta Chamber Players Inc Atlanta, GA | $279,272 | $217,838 |
Pageantry Arts Concepts Inc Coral Springs, FL | $353,291 | $130,868 |
Oviedo High School Band Booster Association Inc Oviedo, FL | $76,685 | $209,885 |
Fort Pierce Jazz & Blues Society Inc Fort Pierce, FL | $74,863 | $0 |