The Vail Jazz Foundation Inc
- Assets
- $459.5k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 12
- Location
- Vail, CO
- Founding
- 12/1995
- Data as of
- 12/2023
- EIN
- 84-1305072
Organization Overview
The Vail Jazz Foundation Inc is located in Vail, CO. The organization was established in 1995. 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 12/2023, Vail Jazz Foundation Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vail Jazz 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 12/2023, Vail Jazz Foundation Inc generated $1.0m 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 (4.8%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PERPETUATING JAZZ MUSIC THROUGH THE PRESENTATION OF PERFORMANCES THAT SHOWCASE THE ARTISTRY OF GREAT JAZZ MUSICIANS AND THROUGH JAZZ EDUCATION WITH A SPECIAL EMPHASIS ON YOUNG PERFORMERS AND YOUNG AUDIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JAZZ EDUCATION BY THE PRESENTATION OF JAZZ PERFORMANCES, BOTH LIVE AND ONLINE.
JAZZ EDUCATION IN THE FORM OF A WORKSHOP FOR HIGH SCHOOL STUDENTS. THE PROGRAM FOCUSES ON ALL PHASES OF THE MUSIC WITH AN EMPHASIS ON LEARNING MUSIC BY EAR AND PLAYING IN A SMALL ENSEMBLE.
JAZZ GOES TO SCHOOL: MUSIC EDUCATION PROGRAM SERVING 4TH AND 5TH GRADE STUDENTS IN THE CLASSROOM, IN EAGLE COUNTY COLORADO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Blevins Executive Di | 40 | $106,127 | |
Pete Brill Director | Trustee | 1 | $0 |
John Clayton Jr Director | Trustee | 1 | $0 |
Garret Davies President | OfficerTrustee | 10 | $0 |
John Dawsey Director | Trustee | 1 | $0 |
Robin Deighan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $729,590 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $729,590 |
| Total Program Service Revenue | $248,983 |
| Investment income | $46,558 |
| 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 | $4,378 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,030,115 |
| 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. | $63,000 |
| Compensation of current officers, directors, key employees. | $25,200 |
| Compensation to disqualified persons | $106,127 |
| Other salaries and wages | $588,467 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,673 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,122 |
| Fees for services: Accounting | $23,536 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,923 |
| Advertising and promotion | $62,061 |
| Office expenses | $10,087 |
| Information technology | $20,090 |
| Royalties | $0 |
| Occupancy | $25,190 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,326 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,557 |
| Insurance | $6,036 |
| All other expenses | $23,248 |
| Total functional expenses | $1,651,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,941 |
| 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 | $13,015 |
| Prepaid expenses and deferred charges | $8,612 |
| Net Land, buildings, and equipment | $590 |
| Investments—publicly traded securities | $341,366 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $459,524 |
| Accounts payable and accrued expenses | $24,528 |
| 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 | $0 |
| Total liabilities | $24,528 |
| Net assets without donor restrictions | $231,115 |
| Net assets with donor restrictions | $203,881 |
| 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 | $459,524 |