Form 990 for tax year 2023
Filed by JAZZ FOUNDATION OF AMERICA INC.
Totals
- Total revenue
- $39,159,185
- Total expenses
- $3,831,734
- Contributions and grants received
- $36,759,467
- Grants paid
- $487,197
- Program service revenue
- $0
- Investment income
- $3,299,625
- Other revenue
- -$899,907
- Total assets, end of year
- $72,589,739
- Total liabilities, end of year
- $219,073
- Net assets or fund balances, end of year
- $72,370,666
- Program services expenses (Part IX)
- $2,622,923
- Management and general expenses
- $890,883
- Fundraising expenses
- $317,928
- Program service expenses (Part III)
- $2,622,923
Program services were 68.5% 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
$1,265,317
-
1e · Government grants (contributions)
$150,225
-
1f · All other contributions, gifts and grants
$35,343,925
-
1g · Noncash contributions included above
$58,761
-
3 · Investment income
total $535,903 · excluded $535,903
-
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 $16,663,467
-
7b · Less cost or other basis and sales expenses
securities $13,899,745
-
7c · Gain or loss
securities $2,763,722
-
7d · Net gain or loss
total $2,763,722 · excluded $2,763,722
-
8a · Fundraising events: gross income
$107,589
-
8a · Fundraising events: contributions included on line 1c
$1,265,317
-
8b · Fundraising events: direct expenses
$1,059,496
-
8c · Net income from fundraising events
total -$951,907 · excluded -$942,190
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other Income
total $52,000 · related or exempt $52,000
-
11e · Other revenue, total
$52,000
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $487,197 · program services $487,197
-
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 $366,347 · program services $256,443 · management and general $54,952 · fundraising $54,952
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,169,436 · program services $851,846 · management and general $158,795 · fundraising $158,795
-
8 · Pension plan contributions
total $35,526 · program services $24,868 · management and general $5,329 · fundraising $5,329
-
9 · Other employee benefits
total $129,990 · program services $94,968 · management and general $17,511 · fundraising $17,511
-
10 · Payroll taxes
total $120,891 · program services $87,041 · management and general $16,925 · fundraising $16,925
-
11a · Fees: management
total $60,000 · fundraising $60,000
-
11b · Fees: legal
total $1,400 · management and general $1,400
-
11c · Fees: accounting
total $40,957 · management and general $40,957
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $255,877 · management and general $255,877
-
11g · Fees: other
total $23,823 · management and general $23,823
-
12 · Advertising and promotion
total $107,419 · management and general $107,419
-
13 · Office expenses
total $95,139 · program services $35,349 · management and general $57,790 · fundraising $2,000
-
14 · Information technology
total $14,405 · program services $847 · management and general $13,558
-
15 · Royalties
total $0
-
16 · Occupancy
total $68,190 · management and general $68,190
-
17 · Travel
total $70,116 · program services $61,035 · management and general $8,272 · fundraising $809
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $9,514 · management and general $9,514
-
23 · Insurance
total $22,911 · program services $19,697 · management and general $1,607 · fundraising $1,607
-
24a · Other expenses: Performance fees
total $647,788 · program services $647,788
-
24b · Other expenses: Other costs
total $50,846 · program services $24,212 · management and general $26,634
-
24c · Other expenses: Production
total $31,632 · program services $31,632
-
24d · Other expenses: Cleaning and maintenance
total $12,330 · management and general $12,330
-
24e · All other expenses
total $10,000 · management and general $10,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,744,334 · end of year $997,482
-
2 · Savings and temporary cash investments
end of year $68,515
-
3 · Pledges and grants receivable
beginning of year $290,736 · end of year $9,986,049
-
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 $9,766 · end of year $2,775
-
10a · Land, buildings and equipment: cost or other basis
$304,250
-
10b · Land, buildings and equipment: accumulated depreciation
$91,034
-
10c · Land, buildings and equipment, net
beginning of year $168,010 · end of year $213,216
-
11 · Investments: publicly traded securities
beginning of year $1,482,227 · end of year $6,847,356
-
12 · Investments: other securities
beginning of year $31,371,865 · end of year $40,075,228
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $221,089 · end of year $14,399,118
-
17 · Accounts payable and accrued expenses
beginning of year $176,903 · end of year $49,402
-
25 · Other liabilities
beginning of year $204,820 · end of year $169,671
-
27 · Net assets without donor restrictions
beginning of year $3,179,982 · end of year $3,276,628
-
28 · Net assets with donor restrictions
beginning of year $31,726,322 · end of year $69,094,038
Mission and programs · 2023
Mission
The Jazz Foundation of America is a nonprofit that assists jazz and blue musicians by providing emergency assistance and creating work opportunities.
-
Musicians' Emergency Fund/Housing and Emergency Assistance: Preventing homelessness and evictions for musicians in need and assisting with rent, mortgages, transportation, utilities and other essential living expenses. Most musicians have no savings, they rarely get paid properly, and they live gig to gig. For example, if someone can't work because they've had an accident and are now behind in their rent, we pay their rent and/or utilities to keep them from eviction. We also make sure there is enough food on the table and even go to the hospital with them for treatment if they are alone. In other crisis situations, we are needed to repair or replace instruments so that musicians can keep working. Whatever the situation calls for, we address the need through compassion and counseling from our social work team. JFA looks at the whole person and sees the long- and short-term challenges. This can include making home visits to an elderly person who is alone and even connecting them with younger musicians they can mentor who check in and help care for them. We also make calls after business hours to let them know they are not forgotten. Sometimes we uncover the root of someone's depression or help reconnect them with estranged family members. Every case is special and needs more than what it first presents. Whatever the situation, we heal it as best we can with love, a helping hand, and some creativity. JFA assisted in 1,180 unique cases through the Musicians' Emergency Fund in 2024.
Expenses $1,178,841 · Grants $487,197
-
Jazz and Blues in the Schools/Creating Employment: Dignified work that keeps the music alive. Most often, the best way to help blues, jazz, and roots musicians in crisis is to keep them working. Musicians who used to play six nights a week now have few or no options. The Jazz and Blues in the Schools program continues to be a vital source of income and optimism for our legendary elders. JITS serves multiple purposes: 1) providing dignified work for artists to continue doing what they love most; 2) presenting live music to underserved audiences at a variety of community venues and creating access to enrichment and entertainment; and preserving the legacy of jazz and blues through concerts by veteran audiences reaching new listeners. Many of the thousands of young attending their concerts have never heard live music. By sharing this music at schools that otherwise have limited access to arts and enrichment, we can help to build future audiences. In a digital world, this interaction provides the opportunity to learn how music is actually made. Through Jazz and Blues in the Schools, musicians feel alive with purpose, sharing their life stories with hundreds of new fans and passing on valuable lessons about the history and practice of blues, jazz, and roots music. JFA created 1,927 paid work opportunities for musicians in need through the Jazz and Blues in the Schools Program in 2024.
Expenses $985,117
-
The Gig Fund /Provide Jazz and Blues Music Free to the Public. The Gig Fund produces free, pop-up performances for underserved audiences. The shows take place in public spaces as opposed to traditional and costly venues, and engage new audiences who would not otherwise have the chance to hear these accomplished players. Our dream is for this program to return us to the days when a band would just start playing during lunch hour or after-work, and people would gather to listen, dance, and sing, and there would be this shared experience, reminding us that We Are All In This Together. In 2024 the JFA provide 530 work opportunities for musicians through the Gig Fund Program.
Expenses $423,587
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Joseph Petrucelli
Executive Dir.
- Total calculated
- $196,760
- From this org
- $180,280
- From related orgs
- $0
- Other
- $16,480
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $180,280
- Bonus
- not reported
- Other
- not reported
- Deferred
- $3,606
- Nontaxable benefits
- $12,874
- Filer's total
- $196,760
-
Daryl Dunbar
CFO
- Total calculated
- $163,686
- From this org
- $147,855
- From related orgs
- $0
- Other
- $15,831
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $147,855
- Bonus
- not reported
- Other
- not reported
- Deferred
- $2,957
- Nontaxable benefits
- $12,874
- Filer's total
- $163,686
-
Wendy Oxenhorn
Vice Chair
- Total calculated
- $155,502
- From this org
- $138,006
- From related orgs
- $0
- Other
- $17,496
- Hours/week
- 10
Schedule J breakdown matched by us
- Base
- $138,006
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $17,496
- Filer's total
- $155,502
-
Steve Jordan
Board/Music Dir
- Total calculated
- $149,400
- From this org
- $149,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 15
-
Bridget Sullivan
Director of Dev.
- Total calculated
- $129,450
- From this org
- $114,290
- From related orgs
- $0
- Other
- $15,160
- Hours/week
- 40
-
Jarret Lilien
Chairman
- Total calculated
- $0
- Hours/week
- 5
-
Dr Daveed Frazier
President
- Total calculated
- $0
- Hours/week
- 5
-
Michael Devins
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Richard Parsons
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Bonin Bough
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
William Douglass III
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dr Frank Forte
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Ben Giordiano
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Danny Glover
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Casey Lipscomb
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Peter Low
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Scott McCartney
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Geoffrey Menin
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Michael Novogratz
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Robert Opartny
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Casey Patterson
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Michael Pietrowicz
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dakota Pippins
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Lee Richards
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Marc Roth
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Abigail Scheuer
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Stephen Siegel
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Marlisa Vinciguerra
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Bill Wurtzel
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Sandy Jordan
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Hank O'Neal
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jimmy Owens
Board Member
- Total calculated
- $0
- Hours/week
- 1
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
- 3 · Compensation committee
- 3 · Compensation survey or study
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
- 2023
- Filed
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501339349304790
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