Totals
- Total revenue
- $3,989,871
- Total expenses
- $4,455,755
- Contributions and grants received
- $807,882
- Grants paid
- $0
- Program service revenue
- $3,133,458
- Investment income
- $43,899
- Other revenue
- $4,632
- Total assets, end of year
- $3,377,624
- Total liabilities, end of year
- $198,271
- Net assets or fund balances, end of year
- $3,179,353
- Program services expenses (Part IX)
- $3,959,622
- Management and general expenses
- $353,795
- Fundraising expenses
- $142,338
- Program service expenses (Part III)
- $3,959,622
Program services were 88.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$153,775
-
1e · Government grants (contributions)
$25,000
-
1f · All other contributions, gifts and grants
$629,107
-
2a · Program service revenue: Advertising Income
total $2,347 · unrelated business $2,347
-
2b · Program service revenue: Jazz Education
total $81,229 · related or exempt $81,229
-
2c · Program service revenue: Monterey Jazz Festival
total $3,043,430 · related or exempt $3,043,430
-
2d · Program service revenue: Music Instrument Income
total $6,452 · related or exempt $6,452
-
3 · Investment income
total $17,430 · excluded $17,430
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $2,017,190
-
7b · Less cost or other basis and sales expenses
securities $1,990,721
-
7c · Gain or loss
securities $26,469
-
7d · Net gain or loss
total $26,469 · excluded $26,469
-
8a · Fundraising events: gross income
$89,392
-
8a · Fundraising events: contributions included on line 1c
$153,775
-
8b · Fundraising events: direct expenses
$84,760
-
8c · Net income from fundraising events
total $4,632 · excluded $4,632
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $446,265 · program services $378,888 · management and general $67,377
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $847,059 · program services $763,699 · management and general $37,526 · fundraising $45,834
-
8 · Pension plan contributions
total $37,839 · program services $3,135 · management and general $34,704
-
9 · Other employee benefits
total $85,753 · program services $42,754 · management and general $42,340 · fundraising $659
-
10 · Payroll taxes
total $102,857 · program services $86,786 · management and general $12,698 · fundraising $3,373
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $7,297 · program services $2,497 · management and general $4,800
-
11c · Fees: accounting
total $29,513 · program services $216 · management and general $29,297
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $21,850 · management and general $21,850
-
11g · Fees: other
total $194,338 · program services $168,376 · management and general $218 · fundraising $25,744
-
12 · Advertising and promotion
total $384,463 · program services $376,236 · management and general $500 · fundraising $7,727
-
13 · Office expenses
total $19,210 · program services $1,884 · management and general $2,995 · fundraising $14,331
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $31,361 · program services $1,344 · management and general $30,017
-
17 · Travel
total $253,570 · program services $245,350 · management and general $6,228 · fundraising $1,992
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $8,073 · management and general $8,073
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $11,273 · management and general $11,273
-
23 · Insurance
total $28,859 · management and general $28,859
-
24a · Other expenses: Artist Fees
total $820,727 · program services $808,727 · fundraising $12,000
-
24b · Other expenses: Facility Rental
total $274,982 · program services $274,982
-
24c · Other expenses: Stage Expense
total $272,981 · program services $257,249 · fundraising $15,732
-
24d · Other expenses: Security
total $147,035 · program services $144,954 · fundraising $2,081
-
24e · All other expenses
total $430,450 · program services $402,545 · management and general $15,040 · fundraising $12,865
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $379,443 · end of year $262,910
-
2 · Savings and temporary cash investments
beginning of year $517,411 · end of year $37,098
-
3 · Pledges and grants receivable
beginning of year $112,750 · end of year $93,509
-
4 · Accounts receivable
beginning of year $39,013 · end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $22,805 · end of year $10,000
-
10a · Land, buildings and equipment: cost or other basis
$844,051
-
10b · Land, buildings and equipment: accumulated depreciation
$568,509
-
10c · Land, buildings and equipment, net
beginning of year $286,815 · end of year $275,542
-
11 · Investments: publicly traded securities
beginning of year $2,140,413 · end of year $2,506,874
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $130,000
-
15 · Other assets
beginning of year $61,691 · end of year $61,691
-
17 · Accounts payable and accrued expenses
beginning of year $50,267 · end of year $105,489
-
23 · Secured mortgages and notes payable
beginning of year $104,829 · end of year $92,782
-
27 · Net assets without donor restrictions
beginning of year $3,090,230 · end of year $2,761,149
-
28 · Net assets with donor restrictions
beginning of year $315,015 · end of year $418,204
Mission and programs · 2023
Mission
The Monterey Jazz Festival's mission is to inspire the discovery and celebration of jazz, anchored by an iconic festival.
-
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.
Expenses $3,407,717 · Revenue $3,045,777
-
The Festival provides 3,000+ young people with direct access to the nationally recognized jazz musicians and music instructors. These programs fill an educational gap in our schools underfunded music programs and provide mentorship and performance opportunities to foster creativity for the next generation's jazz musicians. The education programs include: the 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.
Expenses $551,905 · Revenue $87,681
As filed on the 2023 return.
Listed in Part VII
-
Tim Jackson
Artistic Dir.
- Total calculated
- $191,588
- From this org
- $189,672
- From related orgs
- $0
- Other
- $1,916
- Hours/week
- 30
Schedule J breakdown matched by us
- Base
- $189,672
- Bonus
- not reported
- Other
- not reported
- Deferred
- $1,916
- Nontaxable benefits
- not reported
- Filer's total
- $191,588
-
Colleen Bailey
Executive Dir.
- Total calculated
- $138,555
- From this org
- $123,859
- From related orgs
- $0
- Other
- $14,696
- Hours/week
- 40
-
Tony Caparelli
Finance Dir.
- Total calculated
- $116,123
- From this org
- $107,124
- From related orgs
- $0
- Other
- $8,999
- Hours/week
- 40
-
Tom LaFaille
Chair Elect
- Total calculated
- $0
- Hours/week
- 1
-
Sherol Chen
Director
- Total calculated
- $0
- Hours/week
- 1
-
Larry Williams Sr
Director
- Total calculated
- $0
- Hours/week
- 1
-
Clint Eastwood
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ken Gordon
President
- Total calculated
- $0
- Hours/week
- 1
-
Cydney Payton
Director
- Total calculated
- $0
- Hours/week
- 1
-
Don Barnett
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Sharon Wesley
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Garcia
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lori Ella Miller
Director
- Total calculated
- $0
- Hours/week
- 1
-
Susie Brusa
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mike Knapek
Director
- Total calculated
- $0
- Hours/week
- 1
-
Laura Zehm
Director
- Total calculated
- $0
- Hours/week
- 2
-
Kevin Cartwright
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mimi Hahn
Secretary
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Discretionary spending account
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 1a: Relevant information in regards to selections on 1a.
- The Executive and Artistic Directors are given small discretionary accounts to use on meals and entertainment. These are part of the budget, which is approved and monitored by the board.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403199349304585
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