Monterey Jazz Festival
- Assets
- $3.6m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 71
- Location
- Monterey, CA
- Founding
- 05/1960
- Data as of
- 12/2021
- EIN
- 94-6036515
Organization Overview
Monterey Jazz Festival is located in Monterey, CA. The organization was established in 1960. 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 12/2021, Monterey Jazz Festival employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monterey Jazz Festival 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 12/2021, Monterey Jazz Festival generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MONTEREY JAZZ FESTIVAL'S MISSION IS TO INSPIRE THE DISCOVERY AND CELEBRATION OF JAZZ, ANCHORED BY AN ICONIC FESTIVAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTEREY JAZZ FESTIVAL - THE NONPROFIT MONTEREY JAZZ FESTIVAL IS THE LONGEST CONTINUOUSLY-RUNNING JAZZ FESTIVAL IN THE WORLD, AND HAS PRESENTED NEARLY EVERY MAJOR JAZZ ARTIST EVERY YEAR SINCE ITS INCEPTION IN 1958. HELD ANNUALLY ON THE 20-ACRE MONTEREY COUNTY FAIRGROUNDS, THE FESTIVAL IS CONSIDERED AN INTERNATIONAL ICON AND MODEL FOR ALL SUBSEQUENT MULTI-STAGE MUSIC FESTIVALS. FIVE-HUNDRED TOP JAZZ ARTISTS PERFORM THROUGHOUT THE WEEKEND ON EIGHT STAGES OVER THREE NIGHTS AND TWO DAYS EACH THIRD FULL WEEKEND IN SEPTEMBER. EVERY YEAR, THROUGH ITS MARKETING AND PROMOTIONAL EFFORTS, THE FESTIVAL GATHERS OVER 60 MILLION IMPRESSIONS IN LOCAL, NATIONAL, AND INTERNATIONAL PRINT AND DIGITAL MEDIA OUTLETS, ON THE GROUND, AND THROUGH ITS WEB SITE.
MONTEREY JAZZ FESTIVAL ANNUALLY PROVIDES 3,000+ YOUNG PEOPLE WITH DIRECT ACCESS TO THE NATIONALLY RECOGNIZED JAZZ MUSICIANS AND MUSIC INSTRUCTORS. THESE PROGRAMS NOT ONLY HELP FILL AN EDUCATIONAL GAP IN OUR SCHOOLS UNDERFUNDED MUSIC PROGRAMS, BUT PROVIDE MENTORSHIP AND EXTENSIVE PERFORMANCE OPPORTUNITIES TO FOSTER CREATIVITY, AND BUILD CHARACTER AND TEAMWORK FOR THE NEXT GENERATION'S JAZZ MUSICIANS. MONTEREY JAZZ FESTIVAL EDUCATION PROGRAMS INCLUDE: THE MONTEREY JAZZ FESTIVAL (MJF) REGIONAL ALL STAR BAND AND VOCAL ENSEMBLE, MJF ALL STAR MIDDLE SCHOOL COMBO, SUMMER JAZZ CAMP, JAZZ UPLIFTS!, MASTER CLASSES AND WORKSHOPS, AND AN INSTRUMENT BANK & SHEET MUSIC LIBRARY. NATIONAL PROGRAMS INCLUDE THE NEXT GENERATION JAZZ ORCHESTRA AND THE NEXT GENERATION WOMEN IN JAZZ COMBO AS WELL AS OUR HBCU (HISTORICALLY BLACK COLLEGES AND UNIVERSITIES) PARTNERSHIP PROGRAM, WHICH BRINGS STUDENTS FROM HBCUS THROUGHOUT THE U.S. TO MONTEREY TO PROVIDE CAREER AND PERFORMANCE OPPORTUNITIES WITH INTERNATIONALLY RENOWNED JAZZ ARTISTS DURING OUR ANNUAL FESTIVAL. MONTEREY JAZZ FESTIVAL PARTNERS WITH TEXAS SOUTHERN UNIVERSITY (TSU) TO PRODUCE MJF @ TSU, AN ANNUAL, FREE 4-DAY INTENSIVE PROGRAM FEATURING MJF ARTIST-IN-RESIDENCE AND TEXAS BASED JAZZ MUSICIANS AND INDUSTRY EXPERTS. SINCE THE ONSET OF THE COVID-19 PANDEMIC, MJF EDUCATION HAS EXPANDED ITS OFFERINGS TO INCLUDE ONLINE JAZZ EDUCATION PROGRAMS THROUGH ITS YOUTUBE CHANNEL: THE LISTENING SPACE FEATURING GERALD CLAYTON, DIRECTOR OF NEXT GENERATION JAZZ ORCHESTRA, AND WELCOME TO THE SANDS BOX FEATURING CHRISTIAN SANDS, MJFS ARTIST IN RESIDENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Jackson Artistic Dir. | Officer | 30 | $191,611 |
Colleen Bailey Executive Dir. | OfficerTrustee | 40 | $111,294 |
Elizabeth Welden-Smith Deputy Director | 40 | $107,601 | |
Tony Caparelli Finance Dir. | Officer | 40 | $104,111 |
Howard Fisher Treasurer | OfficerTrustee | 2 | $0 |
Laura Zehm President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mccune Audiovideo Lighting Sound & Video Servic | 12/30/19 | $180,622 |
7th District Agricultural Association Fairgrounds Rental | 12/30/19 | $139,652 |
Mogo Marketing & Media Inc Advertising Agency | 12/30/19 | $151,800 |
Pink Jacket Llc Website Design | 12/30/19 | $127,578 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,918,833 |
| All other contributions, gifts, grants, and similar amounts not included above | $693,748 |
| Noncash contributions included in lines 1a–1f | $16,888 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,612,581 |
| Total Program Service Revenue | $1,306,709 |
| Investment income | $43,630 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,790 |
| Net Income from Fundraising Events | $132,031 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,129,138 |
| 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. | $436,680 |
| Compensation of current officers, directors, key employees. | $72,449 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $373,842 |
| Pension plan accruals and contributions | $22,544 |
| Other employee benefits | $9,774 |
| Payroll taxes | $71,161 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,295 |
| Fees for services: Accounting | $17,554 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,313 |
| Fees for services: Other | $117,290 |
| Advertising and promotion | $192,935 |
| Office expenses | $7,644 |
| Information technology | $35,051 |
| Royalties | $0 |
| Occupancy | $17,873 |
| Travel | $115,068 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,810 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,341 |
| Insurance | $36,374 |
| All other expenses | $122,972 |
| Total functional expenses | $2,294,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $428,690 |
| Savings and temporary cash investments | $316,162 |
| Pledges and grants receivable | $35,750 |
| Accounts receivable, net | $19,240 |
| 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 | $5,036 |
| Net Land, buildings, and equipment | $304,156 |
| Investments—publicly traded securities | $2,422,621 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,691 |
| Total assets | $3,593,346 |
| Accounts payable and accrued expenses | $39,763 |
| Grants payable | $0 |
| Deferred revenue | $15,660 |
| 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 | $117,176 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $172,599 |
| Net assets without donor restrictions | $3,129,871 |
| Net assets with donor restrictions | $290,876 |
| 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 | $3,593,346 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Monterey Jazz Festival has recieved totaling $138,163.
| Awarding Organization | Amount |
|---|---|
David And Lucile Packard Foundation Los Altos, CA PURPOSE: ORGANIZATIONAL EFFECTIVENESS | $40,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $39,113 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $26,050 |
J & M Foundation Salinas, CA PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Arts Council For Monterey County Monterey, CA PURPOSE: MJF 2021 SPONSORSHIP; ARTS/CULTURAL | $10,000 |
Swig Foundation San Francisco, CA PURPOSE: BRINGING PROFESSIONAL JAZZ ARTISTS INTO THE SCHOOLS, SUMMER CAMPS, TOURING ALL-STAR STUDENT ENSEMBLES, ONLINE RESOURCES, INSTRUMENT RENTALS AND REPERTOIRE, AND MORE. | $1,500 |
Endowment Analysis
| Beg. Balance | $821,439 |
| Earnings | $89,757 |
| Net Contributions | $1,519,000 |
| Other Expense | $7,575 |
| Ending Balance | $2,422,621 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Jazz Organization San Francisco, CA | $64,965,614 | $11,913,007 |
Music Concourse Community Partnership San Francisco, CA | $31,271,076 | $4,428,131 |
Berkeley Music Group Berkeley, CA | $6,181,022 | $4,579,247 |
Kronos Performing Arts Assn San Francisco, CA | $1,591,460 | $2,774,082 |
Monterey Jazz Festival Monterey, CA | $3,593,346 | $4,129,138 |
Mosier Community School Foundation Inc Mosier, OR | $3,936,713 | $2,235,279 |
Carmel Bach Festival Inc Carmel, CA | $1,675,160 | $2,099,477 |
Camerata Pacifica Santa Barbara, CA | $1,526,106 | $1,221,933 |
American Bach Soloists San Francisco, CA | $908,845 | $1,282,181 |
Music For Minors Inc San Carlos, CA | $710,130 | $1,519,051 |
New West Symphony Association Thousand Oaks, CA | $774,216 | $1,642,962 |
Hiphopforchange Inc Oakland, CA | $676,196 | $1,628,580 |