Overview
What is The Jazz Loft Inc?
The Jazz Loft Inc, based in Stony Brook, New York, serves as a vibrant hub for jazz preservation, education, and performance. Their mission encompasses entertaining, enriching, and expanding a global community for jazz through performances, educational programs, and advocacy. The organization's offerings include a full calendar of concerts featuring local, national, and international artists in their 1940s-inspired performance space. The Loft also hosts an extensive educational program, such as the Pre-College Jazz Institute in collaboration with Stony Brook University, which provides training in jazz theory and performance. Furthermore, they offer music therapy presentations for individuals with memory loss and their caregivers through the Young at Heart program. Community outreach efforts include monthly lectures, scheduled family concerts, and various other initiatives, all supported by sponsors and community leaders. Lastly, The Jazz Loft preserves the rich history of jazz through its extensive collection of memorabilia spanning over a century, showcasing not only the music but also art and photography in various galleries.
Official website here: www.thejazzloft.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
The Jazz Loft Inc has earned a respectable Three-Star rating based on its Accountability and Finance performance, reflecting a strong commitment to transparency and responsible financial practices. With a score of 81%, the organization showcases robust governance, evidenced by having a fully independent board and no material diversion of assets, which speaks to its operational integrity.
The organization's financial health is further highlighted by a high program expense ratio of 90.98%, indicating that the majority of its expenditures are directed towards its programs rather than administrative costs. Additionally, the low liabilities to assets ratio of 6.47% supports its sustainability and capacity to manage financial obligations effectively.
While the overall rating is determined solely from the Accountability and Finance beacon, the organization demonstrates comprehensive policies in place, including conflict of interest and whistleblower policies. However, the absence of additional beacons such as Impact and Results might limit a more nuanced understanding of its overall effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Jazz Loft Inc legitimate?
The Jazz Loft Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Jazz Loft 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $111,405
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.thejazzloft.org
What is the mission statement of The Jazz Loft Inc?
The Jazz Loft Inc's mission is centered around entertaining, enriching, and expanding a global community for jazz music. This is achieved through performances, education, and advocacy, all in the spirit of swing. The organization is dedicated to a solid yet evolving vision, striving to embrace characteristics and practices that ensure its sustainability for the future. The Jazz Loft aims to bridge the gap between this dynamic, American-born music and future generations, fostering preservation and advocacy alongside its educational and performance-based initiatives.
Official website here: www.thejazzloft.org
What is the revenue of The Jazz Loft Inc?
The Jazz Loft Inc's revenue in 2023 was $739,302.
Official website here: www.thejazzloft.org
Who are the executives of The Jazz Loft Inc and what are their salaries?
The average compensation at The Jazz Loft Inc during 2023 was $111,405. There is 1 employee at The Jazz Loft Inc.
Here are 13 key members and their salaries:
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Official website here: www.thejazzloft.org
Where can I find the form 990 for The Jazz Loft Inc?
The Jazz Loft Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thejazzloft.org
Learn more at the official website: www.thejazzloft.org
Mission Statement of The Jazz Loft Inc
The Jazz Loft Inc is committed to entertaining, enriching, and expanding a global community for jazz through performance, education, and advocacy, all in the spirit of swing. This nonprofit organization is dedicated to maintaining a solid yet evolving vision, embracing characteristics and practices that ensure its sustainability for the future. The Jazz Loft Inc seeks to unite this dynamic, American-born music with future generations, fostering a sense of unity and continuity within the jazz community. By offering performances, educational programs, preservation efforts, and advocacy initiatives, The Jazz Loft Inc plays a vital role in cultivating an appreciation for jazz and securing its place in the cultural landscape.
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Impact
July, 2024
The Jazz Loft Inc has had a significant impact on the jazz community through its preservation, education, and performance initiatives. By presenting a full performance calendar featuring local, national, and international artists in a unique 1940s-style venue, The Jazz Loft has become a premier destination for jazz enthusiasts. Additionally, its educational programs, such as the Pre-College Jazz Institute and the Young at Heart music therapy presentations, have provided valuable training and outreach to aspiring musicians and individuals with memory loss.
Furthermore, The Jazz Loft's commitment to preservation is evident in its 6,000 square feet of original jazz memorabilia spanning 100 years of the American-born art form. This dedication to preserving the history and culture of jazz, including music, art, and photography, has enriched the understanding and appreciation of this dynamic music genre.
Overall, The Jazz Loft Inc's impact extends beyond entertainment to enriching and expanding the global community for jazz through its performances, education programs, and advocacy efforts. Its sustained efforts in preserving the legacy of jazz and fostering future generations of musicians and enthusiasts have solidified its place as a vital and influential organization in the jazz world.
This information is meant to be a general summary of The Jazz Loft 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 2023.
- Investment Income: $5,553
- Program Service Revenue: $341,020
- Gross Receipts: $773,037
Assets and Liabilities:
- Total Assets: $530,496
- Total Liabilities: $41,309
- Net Assets: $489,187
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS & TICKET SALES
Revenue
$206,274
OUTREACH PERFORMANCES
Revenue
$60,055
SPACE RENTAL
Revenue
$31,215
TUITION INCOME
Revenue
$43,476
Organization Details
Founding Year
2014
Principal Officer
Thomas Manuel
Website
www.thejazzloft.orgNTEE Category
Code: A68 - Arts
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