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← HERBIE HANCOCK INSTITUTE OF JAZZ

Form 990 for tax year 2024

Filed by HERBIE HANCOCK INSTITUTE OF JAZZ.

Totals

Total revenue
$3,863,373
Total expenses
$4,043,820
Contributions and grants received
$3,864,414
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
-$1,041
Total assets, end of year
$3,475,133
Total liabilities, end of year
$1,695,935
Net assets or fund balances, end of year
$1,779,198
Program services expenses (Part IX)
$3,702,684
Management and general expenses
$232,953
Fundraising expenses
$108,183
Program service expenses (Part III)
$3,702,684

Program services were 91.6% 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.

  • 1e · Government grants (contributions)

    $2,414,137

  • 1f · All other contributions, gifts and grants

    $1,450,277

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER INCOME

    total -$1,041 · related or exempt -$1,041

  • 11e · Other revenue, total

    -$1,041

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 $180,000 · program services $67,000 · management and general $77,000 · fundraising $36,000

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $614,367 · program services $614,367

  • 8 · Pension plan contributions

    total $27,676 · program services $23,739 · management and general $2,683 · fundraising $1,254

  • 9 · Other employee benefits

    total $64,872 · program services $55,644 · management and general $6,288 · fundraising $2,940

  • 10 · Payroll taxes

    total $63,526 · program services $54,489 · management and general $6,158 · fundraising $2,879

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $28,117 · program services $23,582 · management and general $3,064 · fundraising $1,471

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $618,553 · program services $596,390 · fundraising $22,163

  • 12 · Advertising and promotion

    total $101,579 · program services $100,489 · fundraising $1,090

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $231,650 · program services $167,258 · management and general $51,877 · fundraising $12,515

  • 17 · Travel

    total $1,061,921 · program services $1,044,066 · management and general $914 · fundraising $16,941

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $53,189 · program services $47,524 · management and general $5,182 · fundraising $483

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,802 · program services $1,505 · management and general $200 · fundraising $97

  • 23 · Insurance

    total $21,515 · program services $17,969 · management and general $2,393 · fundraising $1,153

  • 24a · Other expenses: PRODUCTION

    total $596,462 · program services $591,490 · fundraising $4,972

  • 24b · Other expenses: SCHOLARSHIP

    total $180,603 · program services $180,603

  • 24c · Other expenses: INTERNET

    total $85,610 · program services $71,288 · management and general $12,216 · fundraising $2,106

  • 24d · Other expenses: MISCELLANEOUS & OTHER EXPENSE

    total $44,299 · program services -$8,245 · management and general $53,075 · fundraising -$531

  • 24e · All other expenses

    total $68,079 · program services $53,526 · management and general $11,903 · fundraising $2,650

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,076 · end of year $414,193

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $2,957,584 · end of year $2,089,106

  • 4 · Accounts receivable

    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 $300,000 · end of year $600,000

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

    $131,163

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

    $127,487

  • 10c · Land, buildings and equipment, net

    beginning of year $3,208 · end of year $3,676

  • 11 · Investments: publicly traded securities

    beginning of year $1,790 · end of year $1,541

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $558,056 · end of year $366,617

  • 17 · Accounts payable and accrued expenses

    beginning of year $638,336 · end of year $555,819

  • 22 · Loans and payables to officers and key people

    beginning of year $458,244 · end of year $594,744

  • 23 · Secured mortgages and notes payable

    beginning of year $174,025 · end of year $150,000

  • 25 · Other liabilities

    beginning of year $605,464 · end of year $395,372

  • 27 · Net assets without donor restrictions

    beginning of year $304,854 · end of year -$96,937

  • 28 · Net assets with donor restrictions

    beginning of year $1,654,791 · end of year $1,876,135

Mission and programs · 2024

Mission

TO OFFER THE WORLD'S MOST PROMISING YOUNG MUSICIANS COLLEGE LEVEL TRAINING BY INTERNATIONALLY RENOWNED JAZZ MASTERS AND TO PRESENT PUBLIC SCHOOL JAZZ EDUCATION PROGRAMS FOR YOUNG PEOPLE AROUND THE WORLD.

  • INTERNATIONAL PROGRAMS - THE INSTITUTE OFFERS EDUCATIONAL AND CULTURAL PROGRAMS INCLUDING SPECIAL PERFORMANCES, TOURS AND INTERNATIONAL JAZZ DAY PROGRAMS THAT REACH PEOPLE WORLDWIDE. THE UNITED NATIONS EDUCATIONAL, SCIENTIFIC AND CULTURAL ORGANIZATION (UNESCO) DESIGNATED APRIL 30 AS INTERNATIONAL JAZZ DAY IN ORDER TO HIGHLIGHT JAZZ AND ITS DIPLOMATIC ROLE OF UNITING PEOPLE IN ALL CORNERS OF THE GLOBE. THE FIRST INTERNATIONAL JAZZ DAY TOOK PLACE ON APRIL 30, 2012. AS THE LEAD NONPROFIT ORGANIZATION CHARGED WITH PLANNING AND PROMOTING THIS ANNUAL CELEBRATION, THE INSTITUTE PRESENTS HIGH-PROFILE CONCERTS AND EDUCATION PROGRAMS FEATURING DOZENS OF WORLD-RENOWNED MUSICIANS. SINCE 1995, THE INSTITUTE HAS PRESENTED CULTURAL, EDUCATIONAL AND DIPLOMATIC TOURS, MANY IN PARTNERSHIP WITH THE U.S. DEPARTMENT OF STATE, IN MORE THAN 30 COUNTRIES AROUND THE WORLD.

    Expenses $1,816,506

  • JAZZ IN THE CLASSROOM - The Institute presents Jazz in the Classroom programs in public schools around the world, exposing young people to the cultural richness of jazz. Master classes, workshops and concerts are presented by leading jazz musicians and educators to help students with their musical instrument training, foster a sense of creativity and self-esteem, and provide role models. Jazz in the classroom brings music educators and major jazz artists into public schools in Washington, DC, Los Angeles, CA and other cities to teach and mentor students.

    Expenses $882,763

  • HERBIE HANCOCK INSTITUTE OF JAZZ PERFORMANCE - In September 1995, the Institute established a two-year, accredited, college level program for gifted young musicians to study on a full-time basis. The program offers a Master's degree in jazz performance. The students selected for the program study tuition-free with full room and board stipends provided.

    Expenses $628,347

  • HANCOCK JAZZ COMPETITION - THE HERBIE HANCOCK INSTITUTE OF JAZZ INTERNATIONAL COMPETITION IS RECOGNIZED AS THE WORLD'S MOST PRESTIGIOUS JAZZ COMPETITION AND HAS LAUNCHED A NUMBER OF MAJOR PROFESSIONAL JAZZ CAREERS. THE COMPETITION OFFERS YOUNG ASPIRING MUSICIANS FROM AROUND THE WORLD THE OPPORTUNITY TO RECEIVE SCHOLARSHIP AWARDS, AS WELL AS PERFORMANCE OPPORTUNITIES AND INTERNATIONAL EXPOSURE.

    Expenses $200,987

  • CURRICULUM - TO PROVIDE AN ONGOING EDUCATION ABOUT JAZZ FOR STUDENTS, THE HERBIE HANCOCK INSTITUTE OF JAZZ HAS DEVELOPED JAZZ IN AMERICA: THE NATIONAL JAZZ CURRICULUM (WWW.JAZZINAMERICA.ORG) AN INTERNET-BASED CURRICULUM FOR PUBLIC SCHOOL STUDENTS. THE CURRICULUM PRESENTS A HISTORICAL OVERVIEW, EXAMINES CHARACTERISTICS OF VARIOUS JAZZ STYLES, HIGHLIGHTS CONTRIBUTIONS OF IMPORTANT PERFORMERS AND COMPOSERS, AND, EXPLORES THE SOCIAL, ECONOMIC AND POLITICAL CONTEXTS WITHIN WHICH JAZZ EVOLVED.

    Expenses $174,081

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Thomas Carter

    President

    Total calculated
    $180,000
    From this org
    $180,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $180,000

  • James W Dyas

    VP EDU/CURRICULUM

    Total calculated
    $139,200
    From this org
    $139,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Michelle M Day

    VP, OPERATIONS

    Total calculated
    $136,000
    From this org
    $136,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Kamil Walji

    MGR STRAT PTRSHPS

    Total calculated
    $110,000
    From this org
    $110,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Herbie Hancock

    INSTITUTE CHAIR

    Total calculated
    $0
    Hours/week
    8

  • Irina Bokova

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Frank O Gehry

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Brett Hart

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • DEE DEE Bridgewater

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Marcus Miller

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Robert J Pilon

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • James Farmer

    Treasurer

    Total calculated
    $0
    Hours/week
    5

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

None.

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

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
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202523189349307107

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