Preservation Hall Foundation Inc
- Assets
- $2.7m
- Revenue
- $2.7m
- Investments
- $45.4k
- Employees
- 7
- Location
- New Orleans, LA
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 27-2910626
Organization Overview
Preservation Hall Foundation Inc is located in New Orleans, LA. The organization was established in 2014. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Preservation Hall Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Preservation Hall Foundation 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 12/2021, Preservation Hall Foundation Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 18.6% per year over the past 7 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.
Since 2015, Preservation Hall Foundation Inc has awarded 31 individual grants totaling $226,320. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION HALL FOUNDATION PROTECTS, PRESERVES, AND PERPETUATES NEW ORLEANS MUSIC THROUGH ENGAGING AND SUPPORTING MUSICIANS; PROVIDING SUPPORT AND SERVICES TO ELDER MEMBERS OF OUR COLLECTIVE; CONSERVING AND SHARING JAZZ MUSIC ARCHIVES AND SPACES; PROVIDING EDUCATIONAL EXPERIENCES FOR STUDENTS, FAMILIES AND THE GENERAL PUBLIC; AND GRANTMAKING TO RECOGNIZE MERIT AND/OR ALLEVIATE NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: PRIMARY ACTIVITY OF FOUNDATION IS DEVELOPING AND PRODUCING EDUCATON ACTIVITIES AND CONTENT FOCUSED ON TRADITIONAL NEW ORLEANS JAZZ. THE TWO MAIN EDUCATION PROGRAMS ARE KIDS IN THE HALL, A LIVE FIELD TRIP EXPERIENCE, AND PRES HALL LESSONS, OUR FREE ONLINE RESOURCE WITH ORIGINAL LESSON PLANS FOR K-12 TEACHERS.
COMMUNITY ENGAGEMENT: EXTENDS TRADITIONAL JAZZ MUSIC AND CULTURE OUTSIDE OF NEW ORLEANS. ACTIVITIES INCLUDE FREE PERFORMANCES AT SCHOOLS, LIBRARIES AND OTHER PUBLIC SPACES AS WELL AS LECTURES AND MASTER CLASSES IN ACADEMIC AND PROFESSIONAL SETTINGS. THE LONG-TERM GOAL IS TO CONTRIBUTE TO THE LARGER BODY OF KNOWLEDGE AND PRACTICE THAT PROTECTS THE TRANSMISSION OF LOCAL CULTURAL TRADITIONS WORLDWIDE.
LEGACY: PROGRAM TO SUPPORT ELDER MUSICIANS (60 YEARS AND OLDER) THAT ARE REGULAR PERFORMERS AND EDUCATORS AT PRESERVATION HALL. DURING COVID AND AFTERMATH OF HURRICANE IDA, THE LEGACY PROGRAM EXPANDED TO PROVIDE EMERGENCY RELIEF GRANTS AND OTHER SUPPORT TO NEARLY 100 INDIVIDUALS, TRADITIONAL BANDS, AND ORGANIZATIONS.
ARCHIVES: THE FOUNDATION MAINTAINS AND BUILDS A LIVING ARCHIVE AND COLLECTION THAT DOCUMENTS THE STORY OF THE PRESERVATION HALL VENUE, COMMUNITY AND LIVES OF ITS MUSICIANS. A LARGE PART OF THE ARCHIVES PROGRAM IS TO CREATE NEW DIGITAL CONTENT IN THE FORM OF VIDEO AND AUDIO RECORDINGS TO CAPTURE THE VIBRANT PRESENT ERA OF THE INSTITUTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Martinovich Executive Director | Officer | 40 | $80,208 |
Greg Lucas Executive Director | Officer | 40 | $45,833 |
Dr Aaron Wolfson President | OfficerTrustee | 2 | $0 |
Jeanette Jaffe Treasurer/secretary | OfficerTrustee | 10 | $0 |
Benjamin Jaffe Chairman/vice President | OfficerTrustee | 10 | $0 |
N Sundiata Haley Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Krewe Du Kanaval Llc | 12/30/18 | $149,706 |
Project Pr Amor Llc | 12/30/18 | $160,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $39,972 |
| Related organizations | $0 |
| Government grants | $1,212,425 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,371,142 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,623,539 |
| Total Program Service Revenue | $19,900 |
| Investment income | $76 |
| 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 | $6,071 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,671,447 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,100 |
| Grants and other assistance to domestic individuals. | $490,987 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $126,041 |
| Compensation of current officers, directors, key employees. | $52,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $425,751 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $38,221 |
| Fees for services: Management | $82,382 |
| Fees for services: Legal | $6,452 |
| Fees for services: Accounting | $15,323 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $231,810 |
| Advertising and promotion | $4,571 |
| Office expenses | $5,292 |
| Information technology | $34,833 |
| Royalties | $0 |
| Occupancy | $3,207 |
| Travel | $23,027 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,435 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,089 |
| Insurance | $9,705 |
| All other expenses | $18,253 |
| Total functional expenses | $1,961,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,724,618 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $582,800 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $301,081 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,811 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $45,390 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,657,700 |
| Accounts payable and accrued expenses | $94,502 |
| Grants payable | $0 |
| Deferred revenue | $97,356 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $3,377 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $195,235 |
| Net assets without donor restrictions | $2,357,465 |
| Net assets with donor restrictions | $105,000 |
| 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 | $2,657,700 |
Grants Awarded
Over the last fiscal year, Preservation Hall Foundation Inc has awarded $38,800 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DRUMMER BOY JOE LLC PURPOSE: HURRICANE IDA & COVID EMERGENCY RELIEF | $15,750 |
YOUNG TUXEDO BRASS BAND PURPOSE: HURRICANE IDA & COVID EMERGENCY RELIEF | $10,000 |
CLIVE H WILSON LTD PURPOSE: HURRICANE IDA & COVID EMERGENCY RELIEF | $7,500 |
JOHNSON PRODUCTIONS LLC PURPOSE: HURRICANE IDA & COVID EMERGENCY RELIEF | $5,550 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Preservation Hall Foundation Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Stanton E & M Elaine Tefft Foundation Bedford, NH PURPOSE: JAZZ MUSIC | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Performing Arts Fort Worth Inc Fort Worth, TX | $130,618,856 | $15,938,262 |
Dallas Summer Musicals Inc Dtd 121862 Dallas, TX | $10,391,803 | $15,176,693 |
Greater Austin Performing Arts Center Austin, TX | $60,832,333 | $4,600,967 |
Stages Houston, TX | $35,203,862 | $5,949,704 |
Lubbock Entertainment And Performing Arts Association Lubbock, TX | $190,146,565 | $3,966,271 |
Mississippi Arts And Entertainment Center Meridian, MS | $14,826,824 | $2,667,406 |
Contemporary Arts Center New Orleans, LA | $8,950,916 | $2,836,743 |
Preservation Hall Foundation Inc New Orleans, LA | $2,657,700 | $2,671,447 |
El Dorado Festivals & Events Inc El Dorado, AR | $56,070,172 | $5,007,919 |
Georgetown Palace Theatre Inc Georgetown, TX | $7,443,591 | $5,634,871 |
Sammons Center For The Arts Dallas, TX | $1,480,385 | $820,044 |
Brandon House Cultural & Performing Arts Center Little Rock, AR | $450,081 | $774,145 |