Overview
What is Monterey Jazz Festival?
The Monterey Jazz Festival is a distinguished nonprofit organization, renowned for being the longest-running jazz event globally. Established in 1958, it has consistently showcased prominent jazz artists annually, making it an influential figure in the jazz community. The festival spans over three nights and two days during the third full weekend in September, taking place on the expansive 20-acre Monterey County Fairgrounds. Each year, the festival attracts an impressive 500 artists, performing on eight stages, earning it recognition as an international icon and a prototype for contemporary multi-stage music events. The Monterey Jazz Festival's mission revolves around inspiring the exploration and appreciation of jazz, with its annual event serving as a cornerstone. The festival's reach extends beyond the physical event, garnering over 60 million impressions through various media outlets and its online presence. The organization is headed by a dedicated team of 116 employees.
Official website here: www.montereyjazzfestival.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Monterey Jazz Festival has achieved an impressive 97% rating from Charity Navigator, reflecting strong performance in both Accountability & Finance as well as Culture & Community. With a score of 96 in accountability and a perfect 100 in culture, the organization demonstrates transparency and a commitment to community engagement. Notably, the board comprises 100% independent members, ensuring impartial oversight and governance.
Financially, the nonprofit stands out with a program expense ratio of approximately 86%, indicating that a significant portion of its funds directly supports its mission. An excellent liabilities to assets ratio of 4.34% suggests sound financial health, while comprehensive policies related to conflict of interest and whistleblowing highlight a commitment to ethical practices. The organization also excels in feedback collection and usage, indicating responsiveness to stakeholder input.
While the overall ratings are highly favorable, the limited focus on Culture & Community in the score breakdown (17%) suggests potential areas for growth. However, the exceptional scores across various metrics present a strong case for the organization's effectiveness and integrity, positioning it as a leader in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Monterey Jazz Festival legitimate?
Monterey Jazz Festival is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monterey Jazz Festival 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: $393,277
Professional Fundraising Fees: $0
Other Salaries and Wages: $682,102
For more financial information, click here
Official website here: www.montereyjazzfestival.org
What is the mission statement of Monterey Jazz Festival?
The Monterey Jazz Festival, a renowned nonprofit organization, is dedicated to inspiring the exploration and rejoicing of jazz music. Its mission is primarily anchored by the annual presentation of an iconic jazz festival. The event, held over three nights and two days during the third full weekend in September, showcases around 500 top jazz artists performing on eight stages. Through effective marketing and promotion efforts, the festival manages to garner over 60 million impressions in various media outlets, thereby extending its reach globally.
Official website here: www.montereyjazzfestival.org
Who is the CEO of Monterey Jazz Festival?
Colleen Bailey is the Artistic Dir. of Monterey Jazz Festival.
Official website here: www.montereyjazzfestival.org
What is the revenue of Monterey Jazz Festival?
Monterey Jazz Festival's revenue in 2022 was $4,322,805.
Official website here: www.montereyjazzfestival.org
Who are the executives of Monterey Jazz Festival and what are their salaries?
The average compensation at Monterey Jazz Festival during 2022 was $9,271. There are 116 employees and 450 volunteers at Monterey Jazz Festival.
Here are 18 key members and their salaries:
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Official website here: www.montereyjazzfestival.org
Where can I find the form 990 for Monterey Jazz Festival?
Monterey Jazz Festival's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.montereyjazzfestival.org
Learn more at the official website: www.montereyjazzfestival.org
Mission Statement of Monterey Jazz Festival
The Monterey Jazz Festival, a distinguished nonprofit organization, is dedicated to inspiring the exploration and appreciation of jazz. This mission is primarily achieved through the presentation of an iconic annual festival, which has been in operation since its inception in 1958. This event attracts over 500 renowned jazz artists, who perform on eight stages spread across three nights and two days, typically held during the third full weekend in September. The Festival's influence extends beyond its physical boundaries, garnering an impressive 60 million impressions through various local, national, and international media outlets, as well as through its own marketing and promotional efforts. In essence, the Monterey Jazz Festival serves as a pioneer and model for multi-stage music festivals, inspiring both jazz enthusiasts and newcomers alike to celebrate and discover the richness of this unique musical genre.
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Impact
July, 2024
The Monterey Jazz Festival's impact is profound and far-reaching in the world of jazz music. As the longest continuously-running jazz festival in the world, it has been a pioneer in presenting nearly every major jazz artist since its inception in 1958. The festival, held annually on the 20-acre Monterey County Fairgrounds, has become an international icon and a model for multi-stage music festivals.
The Festival's influence extends beyond the stage, with its marketing and promotional efforts garnering over 60 million impressions in local, national, and international media outlets. By bringing together 500 top jazz artists to perform on eight stages over three nights and two days, the Monterey Jazz Festival not only showcases the incredible talent within the jazz community but also attracts a diverse audience of music lovers.
Through its commitment to inspiring the discovery and celebration of jazz, the Monterey Jazz Festival has played a pivotal role in preserving and advancing the jazz genre. It continues to be a catalyst for promoting jazz music on a global scale, enriching the cultural landscape and providing a platform for both established and emerging jazz musicians to showcase their artistry.
This information is meant to be a general summary of Monterey Jazz Festival. 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: $39,828
- Program Service Revenue: $2,892,235
- Gross Receipts: $4,404,277
Assets and Liabilities:
- Total Assets: $3,560,341
- Total Liabilities: $155,096
- Net Assets: $3,405,245
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Advertising Income
Revenue
$922
Jazz Education
Revenue
$23,810
Monterey Jazz Festival
Revenue
$2,865,208
Music Instrument Income
Revenue
$2,295
Organization Details
Founding Year
1958
Phone
(831) 373-3366Principal Officer
Colleen Bailey
Main Address
PO Box JAZZ, Monterey, CA, 93940
Website
www.montereyjazzfestival.orgNTEE Category
Code: A680 - Arts
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