Overview
What is Indianapolis Jazz Foundation Inc?
The Indianapolis Jazz Foundation Inc, located in Indianapolis, Indiana, is a dedicated nonprofit organization committed to preserving and fostering jazz appreciation and education. Their primary mission involves promoting the legacy and future of jazz in Indianapolis, achieved through various educational and performance initiatives. The foundation is renowned for organizing the Indianapolis Jazz Festival and hosting numerous jazz performances throughout the year. By doing so, they contribute significantly to the jazz community and provide opportunities for jazz enthusiasts to enjoy and learn about this musical genre.
Official website here: www.indyjazzfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 69%)
The Indianapolis Jazz Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. While the foundation boasts a fully independent board, which is a significant strength, it has not provided financial statements or key governance policies such as a conflict of interest and whistleblower policies. This lack of transparency may raise concerns among potential donors regarding the organization's operations.
On a positive note, the foundation demonstrates a very high program expense ratio of 99.80%, suggesting that nearly all its expenditures are directed toward its programs, which is commendable. Additionally, there are no reported material diversions of assets, indicating good stewardship of resources. The board meeting minutes are documented, which contributes positively to accountability.
However, the absence of essential policies and documentation like the tax form on their website limits the organization’s score in accountability and finance, contributing to the overall rating of 69%. For potential donors and supporters, addressing these gaps could enhance the foundation's reliability and improve its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Indianapolis Jazz Foundation Inc legitimate?
Indianapolis Jazz Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indianapolis Jazz Foundation Inc 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.
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Official website here: www.indyjazzfoundation.org
What is the mission statement of Indianapolis Jazz Foundation Inc?
The Indianapolis Jazz Foundation's mission is geared towards preserving jazz heritage and fostering its growth. By leveraging education and performance, their objective is to ensure the legacy of jazz endures and its future prosperity is secured. They achieve this through the organization of events such as the Indianapolis Jazz Festival and various jazz performances throughout the year. The foundation's activities aim to engage and enlighten individuals about jazz, ensuring its enduring appeal and relevance.
Official website here: www.indyjazzfoundation.org
Who is the CEO of Indianapolis Jazz Foundation Inc?
Marc Sciscoe is the Director of Indianapolis Jazz Foundation Inc.
Official website here: www.indyjazzfoundation.org
What is the revenue of Indianapolis Jazz Foundation Inc?
Indianapolis Jazz Foundation Inc's revenue in 2022 was $810,404.
Official website here: www.indyjazzfoundation.org
Who are the executives of Indianapolis Jazz Foundation Inc and what are their salaries?
Here are 22 key members and their salaries:
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Official website here: www.indyjazzfoundation.org
Where can I find the form 990 for Indianapolis Jazz Foundation Inc?
Indianapolis Jazz Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.indyjazzfoundation.org
Learn more at the official website: www.indyjazzfoundation.org
Mission Statement of Indianapolis Jazz Foundation Inc
The Indianapolis Jazz Foundation Inc is dedicated to fostering an appreciation and education for jazz music. Their mission is twofold: firstly, they aim to preserve the rich legacy of jazz, and secondly, they strive to promote its future. Through their efforts, they seek to ensure that jazz continues to thrive in Indianapolis and beyond.
To accomplish this, the Indianapolis Jazz Foundation Inc engages in various activities. One of their primary methods is through educational initiatives, aimed at nurturing a new generation of jazz enthusiasts and musicians. They achieve this by organizing jazz performances throughout the year, providing opportunities for both established and emerging artists to showcase their talents.
Furthermore, the foundation plays a significant role in preserving the history of jazz. By promoting jazz appreciation, they ensure that the art form's rich heritage is not forgotten. The Indianapolis Jazz Foundation Inc's mission is a testament to their commitment to jazz, both as a musical genre and as a cultural phenomenon. Their work is essential in fostering a vibrant jazz community, nurturing talent, and preserving the legacy of this cherished art form.
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Impact
October, 2024
The Indianapolis Jazz Foundation Inc significantly enriches the cultural landscape of Indianapolis by promoting jazz appreciation and education. It plays a crucial role in preserving the legacy of jazz while fostering its growth through various initiatives. Key activities include organizing the Indianapolis Jazz Festival and hosting numerous jazz performances throughout the year, which not only entertain but also educate audiences about the genre.
By hosting events that celebrate both established and emerging jazz artists, the foundation helps to develop a vibrant community of musicians and enthusiasts. These efforts cultivate an appreciation for jazz as an art form, ensuring that both the history and future of the genre are recognized and celebrated in the city. Moreover, by emphasizing education, the foundation contributes to the development of future generations of musicians and jazz lovers, thereby ensuring that the rich tradition of jazz continues to thrive in Indianapolis.
This information is meant to be a general summary of Indianapolis Jazz Foundation Inc. 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.
- Investment Income: $429
- Program Service Revenue: $262,647
- Gross Receipts: $810,404
Assets and Liabilities:
- Total Assets: $314,487
- Total Liabilities: $101,636
- Net Assets: $212,851
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INDY JAZZ FEST
Revenue
$179,558
ARTS PARTNERS
Revenue
$40,000
OTHER CONCERTS
Revenue
$31,645
MERCHANDISE
Revenue
$10,094
OTHER
Revenue
$1,350
Organization Details
Founding Year
1994
Principal Officer
Marc Sciscoe
Main Address
PO BOX 20857, INDIANAPOLIS, IN, 46220
Website
www.indyjazzfoundation.orgNTEE Category
Code: A68 - Arts
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