Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $54,945

• 1c · Fundraising events

  $318,463

• 1e · Government grants (contributions)

  $36,250

• 1f · All other contributions, gifts and grants

  $1,001,794

• 1g · Noncash contributions included above

  $217,401

• 2a · Program service revenue: NO JAZZ & HERITAGE FESTIVAL

  total $71,358,414 · related or exempt $71,358,414

• 2b · Program service revenue: OTHER FESTIVALS REVENUE

  total $246,374 · related or exempt $246,374

• 2c · Program service revenue: STUDENT PERFORMANCE & SUPPLY FEES

  total $2,850 · related or exempt $2,850

• 3 · Investment income

  total $662,117 · excluded $662,117

• 5 · Royalties

  total $3,712 · excluded $3,712

• 6a · Gross rents

  real property $34,621

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $34,621

• 6d · Net rental income or loss

  total $34,621 · excluded $34,621

• 7a · Gross sales of assets other than inventory

  securities $10,528,311

• 7b · Less cost or other basis and sales expenses

  securities $10,486,155

• 7c · Gain or loss

  securities $42,156

• 7d · Net gain or loss

  total $42,156 · excluded $42,156

• 8a · Fundraising events: gross income

  $476,283

• 8a · Fundraising events: contributions included on line 1c

  $318,463

• 8b · Fundraising events: direct expenses

  $523,988

• 8c · Net income from fundraising events

  total -$47,705 · excluded -$47,705

• 11a · Other revenue: REFUNDS/REBATES/REIMBURSEMENTS

  total $31,604 · related or exempt $31,604

• 11e · Other revenue, total

  $31,604

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,127,111 · program services $2,127,111

• 2 · Grants to domestic individuals

  total $401,000 · program services $401,000

• 5 · Compensation of officers, directors and key employees

  total $658,237 · program services $273,708 · management and general $384,529

• 7 · Other salaries and wages

  total $7,458,528 · program services $7,026,996 · management and general $258,330 · fundraising $173,202

• 8 · Pension plan contributions

  total $101,538 · program services $93,920 · management and general $3,220 · fundraising $4,398

• 9 · Other employee benefits

  total $364,588 · program services $329,548 · management and general $21,540 · fundraising $13,500

• 10 · Payroll taxes

  total $821,135 · program services $756,933 · management and general $49,973 · fundraising $14,229

• 11a · Fees: management

  total $11,247,495 · program services $11,247,495

• 11b · Fees: legal

  total $106,262 · program services $10,197 · management and general $95,865 · fundraising $200

• 11c · Fees: accounting

  total $44,500 · program services $17,000 · management and general $25,000 · fundraising $2,500

• 11f · Fees: investment management

  total $242,338 · management and general $242,338

• 11g · Fees: other

  total $2,546,709 · program services $2,484,145 · management and general $62,564

• 12 · Advertising and promotion

  total $831,070 · program services $812,136 · management and general $16,904 · fundraising $2,030

• 13 · Office expenses

  total $347,913 · program services $266,930 · management and general $44,241 · fundraising $36,742

• 14 · Information technology

  total $60,936 · program services $41,350 · management and general $19,216 · fundraising $370

• 15 · Royalties

  total $536,009 · program services $536,009

• 16 · Occupancy

  total $500,077 · program services $428,888 · management and general $70,285 · fundraising $904

• 17 · Travel

  total $762,522 · program services $730,019 · management and general $3,648 · fundraising $28,855

• 19 · Conferences, conventions and meetings

  total $23,326 · program services $7,199 · management and general $14,806 · fundraising $1,321

• 22 · Depreciation, depletion and amortization

  total $679,311 · program services $587,547 · management and general $91,764

• 23 · Insurance

  total $2,929,094 · program services $2,816,443 · management and general $112,181 · fundraising $470

• 24a · Other expenses: TALENT & ARTIST FEES

  total $25,704,197 · program services $25,704,197

• 24b · Other expenses: FESTIVAL EXPENSES

  total $10,371,826 · program services $10,314,403 · management and general $2,763 · fundraising $54,660

• 24c · Other expenses: ALL OTHER PROGRAM EXPEN

  total $210,829 · program services $199,284 · fundraising $11,545

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,155,275 · end of year $6,968,106

• 2 · Savings and temporary cash investments

  beginning of year $3,051,960 · end of year $6,199,666

• 4 · Accounts receivable

  beginning of year $580,456 · end of year $502,143

• 9 · Prepaid expenses and deferred charges

  beginning of year $344,546 · end of year $314,206

• 10a · Land, buildings and equipment: cost or other basis

  $13,301,171

• 10b · Land, buildings and equipment: accumulated depreciation

  $7,686,337

• 10c · Land, buildings and equipment, net

  beginning of year $6,279,117 · end of year $5,614,834

• 11 · Investments: publicly traded securities

  beginning of year $29,396,622 · end of year $34,002,937

• 13 · Investments: program-related

  beginning of year $510,413 · end of year $500,866

• 15 · Other assets

  beginning of year $713,783 · end of year $723,485

• 17 · Accounts payable and accrued expenses

  beginning of year $2,252,009 · end of year $4,043,512

• 19 · Deferred revenue

  beginning of year $72,800 · end of year $51,300

• 25 · Other liabilities

  beginning of year $1,251,400 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $40,601,517 · end of year $49,699,440

• 28 · Net assets with donor restrictions

  beginning of year $854,446 · end of year $1,031,991

The filer's explanations (Part III)

PART I, LINE 7

AT THE END OF EVERY YEAR, EACH STAFF IS EVALUATED ON PERFORMANCE, AND THE INCENTIVE PAY IS AWARDED BASED ON THAT EVALUATION.