Overview
What is Detroit Jazz Festival Foundation?
The Detroit Jazz Festival Foundation is a nonprofit organization situated in Harper Woods, Michigan. Its primary mission is to promote and cultivate the rich history of jazz music, honoring Detroit's significant legacy in this field. To achieve this goal, the foundation offers a variety of educational and collaborative opportunities, making them accessible to a wide audience. Furthermore, they organize a highly acclaimed annual event, the Detroit Jazz Festival, which takes place over the Labor Day weekend and is free for the public. This festival serves as a significant tourist attraction for Detroit, enhancing its cultural appeal. The foundation's activities are dedicated to nurturing the development of jazz and ensuring its continued relevance, thereby contributing to Detroit's cultural landscape.
Official website here: www.detroitjazzfest.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
The Detroit Jazz Festival Foundation has earned a Three-Star rating from Charity Navigator, primarily based on its accountability and finance score. With an overall score of 80%, the organization demonstrates strong governance and financial health, showcasing an independent board, comprehensive financial oversight, and adherence to best practices in terms of conflict of interest and whistleblower policies.
Strengths of the foundation include an impressive program expense ratio of 99.75%, indicating that nearly all funds are directed towards its mission-related activities. Additionally, the organization has shown no material diversion of assets or liabilities to assets, reflecting its sound financial management. Its fundraising efficiency also stands out, with costs to raise a dollar being exceptionally low at $0.002.
However, the foundation faces a challenge with its working capital ratio, which is at just 0.10 years, suggesting potential liquidity issues. While its financial practices are largely commendable, this area may require attention to ensure long-term sustainability and operational flexibility.
This AI summary has been generated from information found on Charity Navigator.
Is Detroit Jazz Festival Foundation legitimate?
Detroit Jazz Festival Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Detroit Jazz Festival Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.detroitjazzfest.org
What is the mission statement of Detroit Jazz Festival Foundation?
The Detroit Jazz Festival Foundation's mission is centered around fostering the history and nurturing the development of jazz. It aims to perpetuate the significant jazz legacy of Detroit through accessible educational and collaborative opportunities. The organization strives to present a world-class signature event, serving as a platform that enhances Detroit's reputation as a tourist destination. In essence, the Detroit Jazz Festival Foundation's mission revolves around preserving jazz heritage, promoting its growth, and showcasing its excellence to a global audience.
Official website here: www.detroitjazzfest.org
Who is the CEO of Detroit Jazz Festival Foundation?
Christopher B Collins is the Chair of Detroit Jazz Festival Foundation.
Official website here: www.detroitjazzfest.org
What is the revenue of Detroit Jazz Festival Foundation?
Detroit Jazz Festival Foundation's revenue in 2022 was $3,994,104.
Official website here: www.detroitjazzfest.org
Who are the executives of Detroit Jazz Festival Foundation and what are their salaries?
There 20 volunteers at Detroit Jazz Festival Foundation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $120,000
- Other: $0
Official website here: www.detroitjazzfest.org
Where can I find the form 990 for Detroit Jazz Festival Foundation?
Detroit Jazz Festival Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.detroitjazzfest.org
Learn more at the official website: www.detroitjazzfest.org
Mission Statement of Detroit Jazz Festival Foundation
The Detroit Jazz Festival Foundation is dedicated to preserving and promoting the rich history of jazz, fostering its growth, and perpetuating Detroit's significant jazz legacy. This is achieved through providing accessible educational and collaborative opportunities to all. The organization's mission is multifaceted, aiming to nurture the development of jazz, perpetuate its legacy, and present a world-class signature event that positions Detroit as a recognized tourist destination. To fulfill this mission, the Foundation organizes the annual Detroit Jazz Festival, a free public event held over the Labor Day weekend, showcasing jazz music to a wide audience.
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Impact
July, 2024
Detroit Jazz Festival Foundation's impact can be seen in its efforts to foster the history and development of jazz, perpetuate Detroit's significant jazz legacy, and provide educational and collaborative opportunities accessible to all. By organizing the annual Detroit Jazz Festival, a world-class signature event held over Labor Day weekend, the foundation not only showcases the rich cultural heritage of Detroit but also contributes to making the city a tourist destination. Through its activities, the foundation plays a vital role in preserving and promoting the art form of jazz while engaging the community in a meaningful and inclusive way.
This information is meant to be a general summary of Detroit Jazz Festival Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $1,540
- Gross Receipts: $3,994,104
Assets and Liabilities:
- Total Assets: $842,950
- Total Liabilities: $0
- Net Assets: $842,950
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ARTIST RECORDING SALES
Revenue
$1,260
LIVE APP SALES
Revenue
$280
Organization Details
Founding Year
2005
Phone
(313) 469-6564Principal Officer
Christopher B Collins
Main Address
19908 HARPER AVENUE, HARPER WOODS, MI, 482251759
Website
www.detroitjazzfest.orgNTEE Category
Code: A68 - Arts
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