Stowe Jazz Festival Ltd
- Assets
- $53.3k
- Revenue
- $18.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Stowe, VT
- Founding
- 09/2019
- Data as of
- 10/2020
- EIN
- 83-4552333
Organization Overview
Stowe Jazz Festival Ltd is located in Stowe, VT. The organization was established in 2019. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stowe Jazz Festival Ltd 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 10/2020, Stowe Jazz Festival Ltd generated $18.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (51.2%) each year. All expenses for the organization totaled $30.0k during the year ending 10/2020. 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
ALWAYS JAZZ, ALWAYS FREE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STOWE JAZZ FESTIVAL ('SJF') IS A THREE-DAY MUSIC EVENT THAT USUALLY TAKES PLACE IN SEPTEMBER, IN SEVERAL VENUES IN AND AROUND STOWE, VERMONT. IT IS OUR MISSION TO BRING WORLD-CLASS JAZZ PERFORMANCE TO THE GENERAL PUBLIC FREE OF CHARGE; IN SUPPORT OF COMMUNITY CULTURE, EDUCATION AND THE ARTS. WITH COVID-19 RESTRICTIONS, ONLY ONE EDUCATIONAL EVENT OCCURED DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Santini Board President | OfficerTrustee | 10 | $0 |
Bruce Bell Board Treasurer | OfficerTrustee | 10 | $0 |
Katrina Veerman Board Secretary | OfficerTrustee | 6 | $0 |
Brian Leven Board Member | Trustee | 5 | $0 |
William Maffie Board Member | Trustee | 5 | $0 |
George Petit Executive Director/ceo | Trustee | 29 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,625 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,625 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,281 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,023 |
| Advertising and promotion | $1,403 |
| Office expenses | $2,839 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,802 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $541 |
| Insurance | $615 |
| All other expenses | $28 |
| Total functional expenses | $29,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,097 |
| 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 | $4,720 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,486 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $53,303 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $75,800 |
| Total liabilities | $75,800 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | -$22,497 |
| Total liabilities and net assets/fund balances | $53,303 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Erie County Agricultural Society Hamburg, NY | $60,939,761 | $12,196,655 |
Massachusetts Corrections Officers Federated Union Milford, MA | $5,016,192 | $3,161,226 |
Deerfield Fair Association Inc Deerfield, NH | $6,809,615 | $2,535,267 |
New England Fuel Institute Inc Wilmington, MA | $718,912 | $1,881,576 |
Champlain Valley Exposition Inc Essex Junction, VT | $5,539,435 | $1,655,626 |
Hampshire Franklin And Hampden Agricultural Soc Northampton, MA | $5,535,484 | $2,024,301 |
Rensselaer County Agricultural And Horticultural Society Schaghticoke, NY | $177,388 | $1,283,672 |
A Taste Of Buffalo Inc Lancaster, NY | $218,839 | $1,255,644 |
Washington County Fair Inc Greenwich, NY | $4,674,177 | $1,578,526 |
Rochester Fringe Festival Inc Rochester, NY | $674,965 | $1,364,718 |
Hopkinton State Fair Association Contoocook, NH | $1,258,390 | $1,344,000 |
Ulster County Agricultural Society New Paltz, NY | $1,392,415 | $1,113,784 |