Jazz Institute Of Chicago Inc
- Assets
- $786.4k
- Revenue
- $740.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Chicago, IL
- Founding
- 04/1969
- Data as of
- 12/2022
- 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 12/2022, Jazz Institute Of Chicago Inc employed 5 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 12/2022, Jazz Institute Of Chicago Inc generated $740.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $758.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 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
2022
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
JAZZ FEST -PUBLIC AND SCHOOL PERFORMANCES OF JAZZ MUSIC
JAZZ FEST -PUBLIC AND SCHOOL PERFORMANCES OF JAZZ MUSIC
JAZZ CITY-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
JAZZ CITY-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
OTHER
EDUCATION PRROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Robinson Exec Director | OfficerTrustee | 40 | $90,000 |
Timuel Black Vice President | OfficerTrustee | 1 | $0 |
David Bloomberg Director | Trustee | 1 | $0 |
Moguel Dela Cerna Director | Trustee | 1 | $0 |
Warren Chapman Vice President | OfficerTrustee | 1 | $0 |
Daniel Epstein Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $42,938 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,150 |
| All other contributions, gifts, grants, and similar amounts not included above | $551,844 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $638,932 |
| Total Program Service Revenue | $82,212 |
| Investment income | $1,082 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,098 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,560 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $740,327 |
| 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. | $90,000 |
| Compensation of current officers, directors, key employees. | $90,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $133,717 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $170,729 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,998 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,302 |
| Office expenses | $26,992 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,528 |
| Travel | $3,196 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,650 |
| Interest | $4,343 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,157 |
| Insurance | $16,165 |
| All other expenses | $7,681 |
| Total functional expenses | $758,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $507,863 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $189,410 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,130 |
| Prepaid expenses and deferred charges | $724 |
| Net Land, buildings, and equipment | $6,958 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $80,281 |
| Total assets | $786,366 |
| Accounts payable and accrued expenses | $26,250 |
| Grants payable | $0 |
| Deferred revenue | $375,714 |
| 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 | $164,159 |
| Other liabilities | $0 |
| Total liabilities | $566,123 |
| Net assets without donor restrictions | $201,680 |
| Net assets with donor restrictions | $18,563 |
| 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 | $786,366 |