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← FOUNDATION FOR SFJAZZ

Form 990 for tax year 2023

Filed by FOUNDATION FOR SFJAZZ.

Totals

Total revenue
$925,895
Total expenses
$879,531
Contributions and grants received
$0
Grants paid
$822,980
Program service revenue
$0
Investment income
$925,895
Other revenue
$0
Total assets, end of year
$25,248,739
Total liabilities, end of year
$732,608
Net assets or fund balances, end of year
$24,516,131
Program services expenses (Part IX)
$822,980
Management and general expenses
$56,551
Fundraising expenses
$0
Program service expenses (Part III)
$822,980

Program services were 93.6% 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.

  • 3 · Investment income

    total $585,569 · excluded $585,569

  • 7a · Gross sales of assets other than inventory

    securities $2,799,568

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

    securities $2,459,242

  • 7c · Gain or loss

    securities $340,326

  • 7d · Net gain or loss

    total $340,326 · excluded $340,326

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $822,980 · program services $822,980

  • 11f · Fees: investment management

    total $56,551 · management and general $56,551

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,126 · end of year $1,141

  • 3 · Pledges and grants receivable

    beginning of year $198,169 · end of year $149,611

  • 4 · Accounts receivable

    beginning of year $34,386 · end of year $36,379

  • 11 · Investments: publicly traded securities

    beginning of year $21,951,000 · end of year $24,544,028

  • 12 · Investments: other securities

    beginning of year $250,000 · end of year $256,318

  • 15 · Other assets

    beginning of year $446,845 · end of year $261,262

  • 25 · Other liabilities

    beginning of year $383,837 · end of year $732,608

  • 27 · Net assets without donor restrictions

    beginning of year $6,746,656 · end of year $9,015,098

  • 28 · Net assets with donor restrictions

    beginning of year $15,751,033 · end of year $15,501,033

Mission and programs · 2023

Mission

THE FOUNDATION FOR SFJAZZ IS A CA NON-FOR-PROFIT CORPORATION ORGANIZED ON SEPTEMBER 14, 2011. THE FOUNDATION, WHOSE SOLE MEMBER IS SAN FRANCISCO JAZZ ORGANIZATION, WAS SPECIFICALLY ORGANIZED FOR THE EXCLUSIVE BENEFIT OF THE ORGANIZATION. THE FOUNDATION WILL RECEIVE, HOLD, AND INVEST ASSETS FOR THE BENEFIT OF SFJAZZ, THE PROCEEDS OF WHICH WILL BE USED TO PROVIDE FINANCIAL SUPPORT FOR BOTH THE OPERATIONS AND CAPITAL PROJECTS OF SFJAZZ ORGANIZATION.

Activities or mission (Part I)

TO PROMOTE THE GROWTH AND EVOLUTION OF JAZZ MUSIC IN THE SAN FRANCISCO BAY AREA.

  • THE FOUNDATION RECEIVES, HOLDS, AND INVESTS ASSETS FOR THE BENEFIT OF SFJAZZ, THE PROCEEDS OF WHICH WILL BE USED TO PROVIDE FINANCIAL SUPPORT FOR BOTH THE OPERATIONS AND CAPITAL PROJECTS OF SFJAZZ ORGANIZATION.

    Expenses $822,980 · Grants $822,980

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Greg Stern

    CEO

    Total calculated
    $338,842
    From this org
    $0
    From related orgs
    $338,622
    Other
    $220
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $338,622 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $220 related
    Filer's total
    $0 + $338,842 related

  • Randall Kline

    FOUNDER/EXEC ARTIST (THRU 11/22/23)

    Total calculated
    $286,492
    From this org
    $0
    From related orgs
    $263,606
    Other
    $22,886
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $263,606 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,125 related
    Nontaxable benefits
    $0 + $14,761 related
    Filer's total
    $0 + $286,492 related

  • Alan Robin

    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

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

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3
SAN FRANCISCO JAZZ ORGANIZATION, THE SUPPORTED ORGANIZATION, USED COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT OF A SIMILAR ORGANIZATION, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202511329349307251

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