Cape May Jazz Festival Foundation
- Assets
- $23.8k
- Revenue
- $462.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Cape May, NJ
- Founding
- Data as of
- 12/2022
- EIN
- 84-5054452
Organization Overview
Cape May Jazz Festival Foundation is located in Cape May, NJ. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cape May Jazz Festival Foundation 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, Cape May Jazz Festival Foundation generated $462.0k in total revenue. All expenses for the organization totaled $459.0k during the year ending 12/2022. While expenses have increased by 132.5% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CAPE MAY JAZZ FESTIVAL FOUNDATION IS DEDICATED TO THE MISSION OF FOSTERING AN APPRECIATION FOR, CULTIVATING THE DISCOVERY OF, AND CELEBRATING AND EXPANDING THE LEGACY OF JAZZ, BLUES AND FOLK MUSIC THROUGH THE PRESENTATION OF FESTIVALS AND EDUCATIONAL AND CULTURAL INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXIT ZERO JAZZ FESTIVAL EDUCATIONAL INITIATIVES AIM TO BRING THE MUSIC FROM OUR STAGES INTO THE LIVES OF STUDENTS OF ALL AGES. THROUGH THE GENEROUS SUPPORT OF BUSINESSES AND GRANTS FROM CULTURAL ORGANIZATIONS, THE FESTIVAL PROVIDES STUDENTS WITH OPPORTUNITIES TO ATTEND FESTIVAL PERFORMANCES, PARTICIPATE IN ARTIST IN RESIDENCE SESSIONS THROUGH THEIR SCHOOL MUSIC PROGRAMS, ATTEND IN SCHOOL PERFORMANCES BY ACCLAIMED PERFORMERS, GAIN PRACTICAL HANDS ON EXPERIENCE IN ALL FACETS OF LIVE MUSIC AND FESTIVAL PRODUCTION, AND PERFORM ON THE FESTIVAL ITSELF AS A MEMBER OF THE EXIT ZERO JAZZ FESTIVAL STUDENT BIG BAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Auerbach Board Member | Trustee | 1 | $0 |
John Boecker Board Member | Trustee | 1 | $0 |
Gail Boyd Vice President | OfficerTrustee | 1 | $0 |
Ralph Dipietro President | OfficerTrustee | 1 | $0 |
Lelah Eppenbach Board Member | Trustee | 1 | $0 |
Orrin Evans Secretary | OfficerTrustee | 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 | $262,452 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $262,452 |
| Total Program Service Revenue | $199,510 |
| Investment income | $4 |
| 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 | $461,966 |
| 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 | $17,211 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,851 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,512 |
| Advertising and promotion | $15,722 |
| Office expenses | $2,206 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,490 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,392 |
| All other expenses | $0 |
| Total functional expenses | $459,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,833 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,833 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $23,833 |
| Total liabilities and net assets/fund balances | $23,833 |