North Carolina Jazz Festival Inc
- Assets
- $99.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 06/1980
- Data as of
- 12/2022
- EIN
- 58-1400812
Organization Overview
North Carolina Jazz Festival Inc is located in Wilmington, NC. The organization was established in 1980. According to its NTEE Classification (A6B) the organization is classified as: Singing & Choral Groups, 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. North Carolina Jazz Festival 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, North Carolina Jazz Festival Inc generated $30.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.5%) each year. All expenses for the organization totaled $37.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (19.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
DUE TO COVID, THE PLANNED THREE DAY MUSIC LIVE MUSIC FESTIVAL WAS CONVERTED TO A FREE STREAMED EVENT. THE FESTIVAL PROVIDED MUSICIANS WITH AN OPPORTUNITY TO PERFORM AND REACH A BROAD AUDIENCE DURING THE PANDEMIC. VIDEOS WERE MADE AVAILABLE TO SCHOOLS FOR THEIR USE IN MUSIC EDUCATION AND TO EXPOSE STUDENTS TO JAZZ PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Bobbe Board Member | 2 | $0 | |
Angelo Galeotti Board Member | 2 | $0 | |
Alane Savod Board Member | 4 | $0 | |
Richard Schmetterer Board Member | 2 | $0 | |
Gerry White Board Member | 2 | $0 | |
Sandy Evans President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,262 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $8 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $30,270 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,397 |
| Other expenses | $32,949 |
| Total expenses | $37,499 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $99,343 |
| Other assets | $0 |
| Total assets | $99,343 |
| Total liabilities | $9,925 |
| Net assets or fund balances | $89,418 |