Jazz Foundation Of America Inc is located in New York, NY. The organization was established in 1992. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Jazz Foundation Of America Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jazz Foundation Of America 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 06/2021, Jazz Foundation Of America Inc generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $3.7m during the year ending 06/2021. While expenses have increased by 6.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE JAZZ FOUNDATION OF AMERICA PROVIDES JAZZ AND BLUES MUSICIANS WITH FINANCIAL, MEDICAL, HOUSING, AND LEGAL ASSISTANCE AS WELL AS PERFORMANCE OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSICIANS' EMERGENCY FUND/HOUSING AND EMERGENCY ASSISTANCE: PREVENTING HOMELESSNESS AND EVICTIONS FOR MUSICIANS IN NEED AND ASSISTING WITH RENT, MORTGAGES, TRANSPORTATION, UTILITIES AND OTHER ESSENTIAL LIVING EXPENSES. MOST MUSICIANS HAVE NO SAVINGS, THEY RARELY GET PAID PROPERLY, AND THEY LIVE GIG TO GIG. FOR EXAMPLE, IF SOMEONE CANT WORK BECAUSE THEYVE HAD AN ACCIDENT AND ARE NOW BEHIND IN THEIR RENT, WE PAY THEIR RENT AND/OR UTILITIES TO KEEP THEM FROM EVICTION. WE ALSO MAKE SURE THERE IS ENOUGH FOOD ON THE TABLE AND] EVEN GO TO THE HOSPITAL WITH THEM FOR TREATMENT IF THEY ARE ALONE. IN OTHER CRISIS SITUATIONS, WE ARE NEEDED TO REPAIR OR REPLACE INSTRUMENTS SO THAT MUSICIANS CAN KEEP WORKING. WHATEVER THE SITUATION CALLS FOR, WE ADDRESS THE NEED THROUGH COMPASSION AND COUNSELING FROM OUR SOCIAL WORK TEAM. JFA LOOKS AT THE WHOLE PERSON AND SEES THE LONG- AND SHORT-TERM CHALLENGES. THIS CAN INCLUDE MAKING HOME VISITS TO AN ELDERLY PERSON WHO IS ALONE AND EVEN CONNECTING THEM WITH YOUNGER MUSICIANS THEY CAN MENTOR WHO CHECK IN AND HELP CARE FOR THEM. WE ALSO MAKE CALLS AFTER BUSINESS HOURS TO LET THEM KNOW THEY ARE NOT FORGOTTEN. SOMETIMES WE UNCOVER THE ROOT OF SOMEONES DEPRESSION OR HELP RECONNECT THEM WITH ESTRANGED FAMILY MEMBERS. EVERY CASE IS SPECIAL AND NEEDS MORE THAN WHAT IT FIRST PRESENTS. WHATEVER THE SITUATION, WE HEAL IT AS BEST WE CAN WITH LOVE, A HELPING HAND, AND SOME CREATIVITY. JFA ASSISTED IN 2,173 UNIQUE CASES THROUGH THE MUSICIANS' EMERGENCY FUND IN 2021.
DISASTER RELIEF: DIRECT SUPPORT FOR THE MUSICIAN COMMUNITY FOLLOWING CATASTROPHIC EVENTS. FROM HURRICANE KATRINA TO HURRICANES HARVEY, IRMA, MARIA, AND IDA OUR TEAM IS ON THE GROUND AS SOON AS POSSIBLE AND TO HELP WITH RELIEF AND RECOVERY. OUR SOCIAL WORKERS AND CASE MANAGERS FIND OUT FIRST-HAND WHAT NEEDS TO BE REPLACED AND REPAIRED. WE GO HOME TO HOME AND OFFER EMOTIONAL SUPPORT AND PROVIDE BASIC NECESSITIES LIKE FOOD, EMERGENCY SUPPLIES, AND CLOTHES FOR CHILDREN. WE REPLACE INSTRUMENTS AND EQUIPMENT, HELP WITH CAR REPAIRS, AND ENLIST PROFESSIONALS TO DECONTAMINATE HOUSES TO ENSURE A FAMILIES SAFETY. MUSICIANS ARE ALREADY VULNERABLE BEFORE DISASTER STRIKES. THEY LIVE PAYCHECK TO PAYCHECK AND THINGS CRITICAL TO THEIR LIVELIHOOD, LIKE INSTRUMENTS AND STUDIO EQUIPMENT, ARE KEPT AT HOME. ONE FLOOD CAN DERAIL A LIFETIME OF WORK, LEAVING GREAT ARTISTS WITH NOWHERE TO TURN. THIS RELIEF EFFORT INCLUDES CREATING COMMUNITY CONCERTS IN PLACES WHERE WORK OPPORTUNITIES ARE LIMITED FOR MUSICIANS DUE TO DISASTERS. THESE CONCERTS ALSO PROVIDE A HEALING EXPERIENCE FOR AUDIENCES WHO HAVE EXPERIENCED SHARED SHOCK, LOSS, AND TRAUMA. DURING THE PANDEMIC, JFA'S COVID-19 MUSICIANS' EMERGENCY FUND HAS EXTENDED SUPPORT TO THOUSANDS OF MUSICIANS FOR ASSISTANCE WITH BASIC NECESSITIES LIKE RENT PAYMENTS, UTILITY BILLS, AND GROCERIES. JFA PROVIDED SUPPORT IN 2,820 UNIQUE CASES TO MUSICIANS AND THEIR FAMILIES IN 2021 VIA OUR DISASTER RELIEF EFFORTS.
JAZZ AND BLUES IN THE SCHOOLS/CREATING EMPLOYMENT: DIGNIFIED WORK THAT KEEPS THE MUSIC ALIVE. MOST OFTEN, THE BEST WAY TO HELP BLUES, JAZZ, AND ROOTS MUSICIANS IN CRISIS IS TO KEEP THEM WORKING. MUSICIANS WHO USED TO PLAY SIX NIGHTS A WEEK NOW HAVE FEW OR NO OPTIONS. THE JAZZ AND BLUES IN THE SCHOOLS PROGRAM CONTINUES TO BE A VITAL SOURCE OF INCOME AND OPTIMISM FOR OUR LEGENDARY ELDERS. JITS SERVES MULTIPLE PURPOSES: 1) PROVIDING DIGNIFIED WORK FOR ARTISTS TO CONTINUE DOING WHAT THEY LOVE MOST; 2) PRESENTING LIVE MUSIC TO UNDERSERVED AUDIENCES AT A VARIETY OF COMMUNITY VENUES AND CREATING ACCESS TO ENRICHMENT AND ENTERTAINMENT; AND PRESERVING THE LEGACY OF JAZZ AND BLUES THROUGH CONCERTS BY VETERAN AUDIENCES REACHING NEW LISTENERS. MANY OF THE THOUSANDS OF YOUNG ATTENDING THEIR CONCERTS HAVE NEVER HEARD LIVE MUSIC. BY SHARING THIS MUSIC AT SCHOOLS THAT OTHERWISE HAVE LIMITED ACCESS TO ARTS AND ENRICHMENT, WE CAN HELP TO BUILD FUTURE AUDIENCES. IN A DIGITAL WORLD, THIS INTERACTION PROVIDES THE OPPORTUNITY TO LEARN HOW MUSIC IS ACTUALLY MADE. THROUGH JAZZ AND BLUES IN THE SCHOOLS, MUSICIANS FEEL ALIVE WITH PURPOSE, SHARING THEIR LIFE STORIES WITH HUNDREDS OF NEW FANS AND PASSING ON VALUABLE LESSONS ABOUT THE HISTORY AND PRACTICE OF BLUES, JAZZ, AND ROOTS MUSIC. JFA CREATED 2,338 PAID WORK OPPORTUNITIES FOR MUSICIANS IN NEED THROUGH THE JAZZ AND BLUES IN THE SCHOOLS PROGRAM IN 2021.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Wendy Oxenhorn Vice Chair | OfficerTrustee | 20 | $300,462 |
Joseph Petrucelli Executive Dir. | Officer | 40 | $142,697 |
Steve Jordan Musical Director | 40 | $133,446 | |
Daryl Dunbar CFO | Officer | 36 | $125,353 |
Bridget Sullivan Director Of Dev. | 40 | $100,777 | |
Richard Parsons Chairman | OfficerTrustee | 0.2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $1,086,014 |
Related organizations | $0 |
Government grants | $3,920 |
All other contributions, gifts, grants, and similar amounts not included above | $2,121,853 |
Noncash contributions included in lines 1a–1f | $63,157 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,211,787 |
Total Program Service Revenue | $0 |
Investment income | $699,353 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $2,025,911 |
Net Income from Fundraising Events | -$350,559 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,586,492 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $1,259,262 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $465,592 |
Compensation of current officers, directors, key employees. | $69,961 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $563,323 |
Pension plan accruals and contributions | $10,285 |
Other employee benefits | $91,833 |
Payroll taxes | $83,301 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $37,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $71,509 |
Advertising and promotion | $66,914 |
Office expenses | $12,846 |
Information technology | $9,766 |
Royalties | $0 |
Occupancy | $50,465 |
Travel | $2,680 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $932 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $7,309 |
Insurance | $4,863 |
All other expenses | $0 |
Total functional expenses | $3,710,687 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,380,821 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $428,349 |
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 | $0 |
Net Land, buildings, and equipment | $179,061 |
Investments—publicly traded securities | $787,074 |
Investments—other securities | $35,439,512 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $8,000 |
Total assets | $39,222,817 |
Accounts payable and accrued expenses | $116,778 |
Grants payable | $0 |
Deferred revenue | $41,150 |
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 | $257,000 |
Total liabilities | $414,928 |
Net assets without donor restrictions | $2,879,695 |
Net assets with donor restrictions | $35,928,194 |
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 | $39,222,817 |
Over the last fiscal year, we have identified 1 grants that Jazz Foundation Of America Inc has recieved totaling $37,778.
Awarding Organization | Amount |
---|---|
32 Bar Blues Foundation Portland, ME PURPOSE: GENERAL SUPPORT | $37,778 |
Beg. Balance | $30,356,376 |
Earnings | $6,570,776 |
Other Expense | $1,487,640 |
Ending Balance | $35,439,512 |
Organization Name | Assets | Revenue |
---|---|---|
Lighthouse Guild International Inc New York, NY | $511,507,297 | $10,629,551 |
North Star Fund Inc New York, NY | $26,831,975 | $32,265,698 |
United Way Of Bergen County Paramus, NJ | $30,271,619 | $16,270,987 |
United Way Of Buffalo And Erie County Buffalo, NY | $31,555,637 | $14,020,396 |
United Way Of Long Island Deer Park, NY | $13,444,061 | $14,770,315 |
United Way Of Berks County Reading, PA | $37,493,734 | $14,271,656 |
Wellington Management Foundation Boston, MA | $61,260,814 | $15,149,104 |
Keren Hayeshivot Trust Brooklyn, NY | $1,238,192 | $11,653,329 |
Jewish Federation Of Northern New Jersey Inc Paramus, NJ | $65,504,215 | $14,848,347 |
Ovarian Cancer Research Fund Inc New York, NY | $32,985,153 | $13,088,201 |
United Way Of Tri County Inc Framingham, MA | $6,314,872 | $10,584,211 |
United Way Of Greater New Haven Inc New Haven, CT | $7,094,504 | $11,335,998 |