Overview
What is Herbie Hancock Institute Of Jazz?
The Herbie Hancock Institute of Jazz is a nonprofit organization situated in Washington, D.C., specifically at 5225 WISCONSIN AVENUE NW 605. Its primary mission is to provide top-tier jazz education to promising young musicians worldwide through training by internationally renowned jazz masters. Besides this, the institute engages in public school jazz education programs globally. Furthermore, it is recognized for its international initiatives, including special performances, tours, and the annual International Jazz Day celebrations. Initiated by the United Nations Educational, Scientific and Cultural Organization (UNESCO), International Jazz Day is held on April 30 to promote jazz and its unifying role across the globe. The Herbie Hancock Institute serves as the leading nonprofit organization planning and promoting this annual event, featuring high-profile concerts and educational programs with numerous renowned musicians. With a team of 8 dedicated individuals, the institute continues to contribute significantly to the global jazz community.
Official website here: www.hancockinstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%, Four-Star out of Four Star rating from Charity Navigator.
The Herbie Hancock Institute of Jazz has demonstrated a strong commitment to accountability and finance, earning high scores in these areas. With 100% of its board members being independent, the organization exhibits transparency and responsible governance. Its program expense ratio is notably high at 89.31%, indicating that a significant portion of its funding is directed towards its programs rather than administrative costs.
Additionally, the institute excels in its culture and community efforts, receiving a perfect score in this category. The implementation of feedback collection and usage practices is commendable, reflecting the organization's dedication to continuous improvement and stakeholder engagement. The financial statements and oversight mechanisms in place further bolster its credibility in managing resources effectively.
While the institute's overall performance is impressive, the low working capital ratio of 0.52 years raises some concerns about its short-term financial stability. However, the absence of any material diversion of assets and thorough audit processes suggests that it is well-managed and accountable. Overall, the Herbie Hancock Institute of Jazz stands out for its strong governance and community engagement, although it may need to address its financial liquidity.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Herbie Hancock Institute Of Jazz?
100% of 14 reviewers on Facebook recommend the Herbie Hancock Institute of Jazz. Here is a summary of their reviews:
Supporters express a deep appreciation for the institute, highlighting it as an invaluable resource in the world of jazz. Reviewers indicate that they find all the information they seek about this universal genre through the organization's offerings and guidance.
Overall, the sentiment reflects strong enthusiasm and satisfaction with the institute’s contributions to jazz education and culture, positioning it as a vital hub for both enthusiasts and aspiring musicians alike.
This AI summary has been generated from reviews found on Facebook.
Is Herbie Hancock Institute Of Jazz legitimate?
Herbie Hancock Institute Of Jazz is a legitimate nonprofit organization registered as a 501(c)(3) entity. Herbie Hancock Institute Of Jazz 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: $150,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $596,370
For more financial information, click here
Official website here: www.hancockinstitute.org
What is the mission statement of Herbie Hancock Institute Of Jazz?
The Herbie Hancock Institute of Jazz aims to provide college-level training for promising young musicians worldwide, utilizing internationally renowned jazz masters. Additionally, the institution engages in public school jazz education programs globally. Beyond this, they present special performances, tours, and international Jazz Day programs to reach a wide audience, fostering unity and cultural exchange through jazz music. As the leading nonprofit organization for International Jazz Day, they organize high-profile concerts and educational programs featuring renowned musicians annually.
Official website here: www.hancockinstitute.org
Who is the CEO of Herbie Hancock Institute Of Jazz?
Thomas Carter is the President of Herbie Hancock Institute Of Jazz.
Official website here: www.hancockinstitute.org
What is the revenue of Herbie Hancock Institute Of Jazz?
Herbie Hancock Institute Of Jazz's revenue in 2022 was $2,592,623.
Official website here: www.hancockinstitute.org
Who are the executives of Herbie Hancock Institute Of Jazz and what are their salaries?
The average compensation at Herbie Hancock Institute Of Jazz during 2022 was $93,296. There are 8 employees and 20 volunteers at Herbie Hancock Institute Of Jazz.
Here are 11 key members and their salaries:
- Compensation: $150,000
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- Other: $0
- Compensation: $139,200
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- Other: $0
- Compensation: $136,000
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- Other: $0
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- Other: $0
Official website here: www.hancockinstitute.org
Where can I find the form 990 for Herbie Hancock Institute Of Jazz?
Herbie Hancock Institute Of Jazz's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hancockinstitute.org
Learn more at the official website: www.hancockinstitute.org
Mission Statement of Herbie Hancock Institute Of Jazz
The Herbie Hancock Institute of Jazz, a renowned nonprofit organization, is committed to providing college-level jazz training to the world's most promising young musicians. This is accomplished through instruction from internationally acclaimed jazz masters. Additionally, the institute extends its reach to public school jazz education programs, aiming to nurture young musical talents globally.
Beyond offering academic training, the Herbie Hancock Institute of Jazz also participates in various educational and cultural programs. These initiatives include special performances, tours, and International Jazz Day programs, which aim to engage and inspire individuals worldwide. The United Nations Educational, Scientific and Cultural Organization (UNESCO) designated April 30 as International Jazz Day to emphasize jazz's role in uniting people across the globe. The institute serves as the lead nonprofit organization responsible for planning and promoting this annual celebration, presenting high-profile concerts and education programs featuring renowned musicians.
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Impact
July, 2024
The Herbie Hancock Institute of Jazz has a significant impact on the global music community by offering college-level training to the world's most promising young musicians under the guidance of internationally renowned jazz masters. Additionally, the institute presents public school jazz education programs for young people around the world, fostering a new generation of talent and appreciation for jazz music. Through international programs, special performances, tours, and events like International Jazz Day designated by UNESCO, the institute plays a vital role in promoting jazz as a unifying force that transcends borders and cultures.
This information is meant to be a general summary of Herbie Hancock Institute Of Jazz. 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: $147
- Gross Receipts: $2,592,623
Assets and Liabilities:
- Total Assets: $2,816,334
- Total Liabilities: $1,518,152
- Net Assets: $1,298,182
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Organization Details
Founding Year
1987
Phone
(202) 364-7272Principal Officer
Thomas Carter
Main Address
5225 WISCONSIN AVENUE NW 605, WASHINGTON, DC, 20015
Website
www.hancockinstitute.orgNTEE Category
Code: A680 - Arts
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