Civic Intelligence

Jazz Foundation of America Inc

EIN 13-3631523 • 501(c)3 • New York, NY

Profile

The Jazz Foundation of America is a nonprofit that assists jazz and blue musicians by providing emergency assistance and creating work opportunities.

247 West 37th Street No 201New York, NY 10018

www.jazzfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

68th percentile

0.00x

Higher debt load relative to assets than 68% of similar nonprofits.

NTEE T • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

0.01x

Higher debt load relative to revenue than 63% of similar nonprofits.

NTEE T • $50M-$100M nonprofits • Source year 2024

Net Margin

92nd percentile

90%

Higher net margin than 92% of similar nonprofits.

NTEE T • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$196,760

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

NTEE T • $50M-$100M nonprofits • Source year 2024

Asset Growth

94th percentile

106%

Faster asset growth than 94% of similar nonprofits.

NTEE T • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

97th percentile

3955%

Faster revenue growth than 97% of similar nonprofits.

NTEE T • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$72,589,739

Up $37,301,712 (+106%) from 2023

Liabilities

Down

$219,073

Down $162,650 (-43%) from 2023

Net Assets

Up

$72,370,666

Up $37,464,362 (+107%) from 2023

Revenue

Up

$39,159,185

Up $38,193,518 (+3955%) from 2023

Expenses

Up

$3,831,734

Up $122,295 (+3.3%) from 2023

Net Income

Up

$35,327,451

Up $38,071,223 (+1388%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2011: $2,150,144Liabilities 2011: $17,583Net Assets 2011: $2,132,5612011Assets 2012: $2,564,563Liabilities 2012: $258,343Net Assets 2012: $2,306,2202012Assets 2013: $3,058,100Liabilities 2013: $140,622Net Assets 2013: $2,917,4782013Assets 2014: $2,014,709Liabilities 2014: $119,946Net Assets 2014: $1,894,7632014Assets 2015: $1,974,561Liabilities 2015: $162,441Net Assets 2015: $1,812,1202015Assets 2016: $1,963,065Liabilities 2016: $124,112Net Assets 2016: $1,838,9532016Assets 2017: $12,110,658Liabilities 2017: $170,257Net Assets 2017: $11,940,4012017Assets 2018: $12,092,596Liabilities 2018: $83,340Net Assets 2018: $12,009,2562018Assets 2019: $11,874,245Liabilities 2019: $118,465Net Assets 2019: $11,755,7802019Assets 2020: $33,199,156Liabilities 2020: $307,287Net Assets 2020: $32,891,8692020Assets 2021: $39,222,817Liabilities 2021: $414,928Net Assets 2021: $38,807,8892021Assets 2022: $32,790,220Liabilities 2022: $136,607Net Assets 2022: $32,653,6132022Assets 2023: $35,288,027Liabilities 2023: $381,723Net Assets 2023: $34,906,3042023Assets 2024: $72,589,739Liabilities 2024: $219,073Net Assets 2024: $72,370,6662024

Highlighted filing

2024

Assets$72,589,739
Liabilities$219,073
Net Assets$72,370,666

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$20M$0-$20MRevenue 2011: $2,130,904Expenses 2011: $2,311,823Net Income 2011: -$180,9192011Expenses 2012: $2,159,4892012Revenue 2013: $2,905,204Expenses 2013: $2,284,239Net Income 2013: $620,9652013Revenue 2014: $1,172,371Expenses 2014: $2,239,523Net Income 2014: -$1,067,1522014Revenue 2015: $2,215,647Expenses 2015: $2,230,880Net Income 2015: -$15,2332015Revenue 2016: $2,674,969Expenses 2016: $2,604,464Net Income 2016: $70,5052016Revenue 2017: $13,767,751Expenses 2017: $3,675,915Net Income 2017: $10,091,8362017Revenue 2018: $3,527,029Expenses 2018: $3,574,508Net Income 2018: -$47,4792018Revenue 2019: $1,752,656Expenses 2019: $2,976,997Net Income 2019: -$1,224,3412019Revenue 2020: $24,040,889Expenses 2020: $3,554,776Net Income 2020: $20,486,1132020Revenue 2021: $5,586,492Expenses 2021: $3,710,687Net Income 2021: $1,875,8052021Revenue 2022: $3,124,660Expenses 2022: $3,931,759Net Income 2022: -$807,0992022Revenue 2023: $965,667Expenses 2023: $3,709,439Net Income 2023: -$2,743,7722023Revenue 2024: $39,159,185Expenses 2024: $3,831,734Net Income 2024: $35,327,4512024

Highlighted filing

2024

Revenue$39,159,185
Expenses$3,831,734
Net Income$35,327,451

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$72.6$0.22$72.4$39.2$3.83$35.3
2023Detailed filing. Detailed filing data is available for this year.$35.3$0.38$34.9$0.97$3.71$2.74
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.8$0.14$32.7$3.12$3.93$0.81
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.2$0.41$38.8$5.59$3.71$1.88
2020Detailed filing. Detailed filing data is available for this year.$33.2$0.31$32.9$24.0$3.55$20.5
2019Detailed filing. Detailed filing data is available for this year.$11.9$0.12$11.8$1.75$2.98$1.22
2018Detailed filing. Detailed filing data is available for this year.$12.1$0.08$12.0$3.53$3.57$0.05
2017Detailed filing. Detailed filing data is available for this year.$12.1$0.17$11.9$13.8$3.68$10.1
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.12$1.84$2.67$2.60$0.07
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.97$0.16$1.81$2.22$2.23$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.01$0.12$1.89$1.17$2.24$1.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.06$0.14$2.92$2.91$2.28$0.62
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.56$0.26$2.31$2.16
2011Summary only. Only limited summary data is available for this year.$2.15$0.02$2.13$2.13$2.31$0.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$54,118,426
Mission and Program Overview

Mission

The jazz foundation of america provides jazz and blues musicians with financial, medical, housing, and legal assistance as well as performance opportunities.

The Jazz Foundation of America is a nonprofit that assists jazz and blue musicians by providing emergency assistance and creating work opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$31,371,865$40,075,228▲ $8,703,363
Pledges and Grants Receivable$290,736$9,986,049▲ $9,695,313
Investments in Publicly Traded Securities$1,482,227$6,847,356▲ $5,365,129
Cash and Non-Interest-Bearing Accounts$1,744,334$997,482▼ $746,852
Land, Buildings, and Equipment, Net$168,010$213,216▲ $45,206
Savings and Temporary Cash Investments-$68,515-
Prepaid Expenses and Deferred Charges$9,766$2,775▼ $6,991
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$35,288,027$72,589,739▲ $37,301,712
Other Assets Total$221,089$14,399,118▲ $14,178,029
Liabilities
Other Liabilities$204,820$169,671▼ $35,149
Accounts Payable and Accrued Expenses$176,903$49,402▼ $127,501
Total Liabilities$381,723$219,073▼ $162,650
Net Assets / Fund Balance
Net Assets With Donor Restrictions$31,726,322$69,094,038▲ $37,367,716
Net Assets Without Donor Restrictions$3,179,982$3,276,628▲ $96,646
Total Net Assets Fund Balance$34,906,304$72,370,666▲ $37,464,362
Total Liabilities and Net Assets / Fund Balance$35,288,027$72,589,739▲ $37,301,712

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$204,163$26,456$230,619
Other Land Buildings$9,053$64,578$73,631
Other Assets Org$165,393--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$31,371,866$20,000,000▲ $3,995,654$965,582$54,162,420
2022$28,961,477-▲ $3,694,389$1,284,000$31,371,866
2021$35,439,512-▼ $5,337,360$1,140,675$28,961,477
2020$30,356,376-▲ $6,570,776$1,487,640$35,439,512
2019$10,410,524$20,000,000▲ $507,466$561,614$30,356,376
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph PetrucelliExecutive DirectorFT$180,280$16,480$196,760
Daryl DunbarCFOFT$147,855$15,831$163,686
Wendy OxenhornVice ChairPT$138,006$17,496$155,502
Steve JordanBoard/Music DirectorPT$149,400-$149,400
Bridget SullivanDirector of Dev.FT$114,290$15,160$129,450

Board Members and Trustees

NameTitle
Jarret LilienChairman
Dr Daveed FrazierPresident
Abigail ScheuerBoard Member
Ben GiordianoBoard Member
Bill WurtzelBoard Member
Bonin BoughBoard Member
Casey LipscombBoard Member
Casey PattersonBoard Member
Dakota PippinsBoard Member
Danny GloverBoard Member
Dr Frank ForteBoard Member
Geoffrey MeninBoard Member
Hank O'NealBoard Member
Jimmy OwensBoard Member
Lee RichardsBoard Member
Marc RothBoard Member
Marlisa VinciguerraBoard Member
Michael NovogratzBoard Member
Michael PietrowiczBoard Member
Peter LowBoard Member
Richard ParsonsBoard Member
Robert OpartnyBoard Member
Sandy JordanBoard Member
Scott McCartneyBoard Member
Stephen SiegelBoard Member
William Douglass IIIBoard Member
Michael DevinsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Great PerformancesEvent Catering2417 3rd Avenue Suite 300, Bronx, NY 10451$102,007
Revenue and Support

Revenue Composition

Contributions and Grants
$36,759,467
Program Service Revenue
$0
Investment Income
$3,299,625
Other Revenue
$-899,907
All Other Contributions
$35,343,925
Change in Net Assets
$35,327,451

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$58,761Fair Market Value (FMV)
Total Noncash Contributions3$58,761-

Audited Revenue Reconciliation

Revenue per Audited Statements
$38,903,308
Revenue Not Reported on Financial Statements
$255,877
Revenue Not Reported on Form 990
$3,882,567
Total Revenue per Audited Statements
$42,785,875
Total Revenue per Form 990
$39,159,185
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,822,190
Other Expenses$1,522,347
Grants and Similar Amounts Paid$487,197
Total Fundraising Expense$317,928
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$851,846$158,795$158,795$1,169,436
Grants to Domestic Individuals$487,197--$487,197
Current Officers, Directors, Trustees, and Key Employees$256,443$54,952$54,952$366,347
Fees for Service Investment Mgmnt Fees-$255,877-$255,877
Other Employee Benefits$94,968$17,511$17,511$129,990
Payroll Taxes$87,041$16,925$16,925$120,891
Advertising-$107,419-$107,419
Office Expenses$35,349$57,790$2,000$95,139
Travel$61,035$8,272$809$70,116
Occupancy-$68,190-$68,190
Fees for Services Management--$60,000$60,000
Fees for Services Accounting-$40,957-$40,957
Pension Plan Contributions$24,868$5,329$5,329$35,526
Fees for Services Other-$23,823-$23,823
Insurance$19,697$1,607$1,607$22,911
Information Technology$847$13,558-$14,405
Other Expenses$31,632$12,330-$12,330
All Other Expenses-$10,000-$10,000
Depreciation Depletion-$9,514-$9,514
Fees for Services Legal-$1,400-$1,400
Total Functional Expenses$2,622,923$890,883$317,928$3,831,734

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,321,513
Total Expenses per Form 990$3,831,734
Expenses per Audited Statements$3,575,857
Expenses Not Reported on Form 990$1,745,656
Expenses Not Reported on Financial Statements$255,877
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,059,496
Fundraising Gross Income$107,589
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner, Concert & After Party$1,371,906$106,589$602,489$-495,900
Total Events$1,371,906$106,589$988,442$-881,853
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$169,671
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Certain members of the board receive and review a copy of the tax return before it is finalized.

Form 990, Part VI, Section B, Line 12C

The executive director maintains the conflict-of-interest disclosure forms, which are signed annually by each director, principal officer, and member of a committee with the governing board. If there is a possible conflict, the board members, not including any member that has a conflict of interest, review the facts to determine if an actual conflict of interest exists and what corrective action shall be taken.

Form 990, Part VI, Section B, Line 15A

The Executive Committee (Chairman, President, and Treasurer) determines the compensation of the Executive Director and top managemant. They look at comparable salary data from other nonprofits in the NYC area from the annual compensation report from the New York NonProfit.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Jazz Foundation of America Inc
EIN
13-3631523
Phone
2122453999
Address
247 West 37th Street No 201, New York, NY 10018

Signing Officer

Name
Joseph Petrucelli
Title
Executive Director
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Petrucelli
Formed
1992
Legal Domicile
Ny
Voting Board Members
29
Independent Board Members
27
Employees
18
Volunteers
41

Preparer

Firm
WatsonRice LLP
Address
31 West 34th Street 7006, New York, NY 10001
Preparer
Baruti Bediako CPA
Phone
2124477300
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

The Jazz Legacies Fellowship is a new program that will support 50 seasoned and accomplished jazz artists aged 62 years and older over a five-year period starting in 2025, with the startup phase beginning in 2024. The fellowship honors each recipient with a lifetime achievement award and an unrestricted grant of $100,000. Recipients will also be provided with resources for tailored professional and personal support, including recording and performance opportunities, production assistance, legal and financial counsel and more.

Form 990, Part III, Line 4D

OTHER PROGRAM SERVICES 4: Pro Bono Services: Referrals for medical, legal, and other assistance. Since 1994, JFA has provided a pro bono network for uninsured musicians in crisis due to health issues. Dizzy Gillespie was a patient at Englewood Hospital in New Jersey many times before his passing in early 1993 from pancreatic cancer. Dizzy expressed two wishes to his family in his last days: to support the greatest passion in his lifejazz and jazz musiciansand to have a memorial in his name at his hospital, Englewood Hospital and Medical Center. The Dizzy Gillespie Memorial Fund helps underwrite the costs of hospitalization, diagnostic tests, and a full range of surgical and medical care for jazz musicians who are uninsured and without the ability to pay. Additionally, we have established a network of dentists and oral surgeons who either donate their services completely free or at deeply discounted rates. Pro bono legal services at the JFA include referrals to volunteer lawyers who provide assistance with housing, contract, royalty, estate, and other issues. JFA also works with other relief organizations and musicians' assistance organizations to secure additional and in-kind support for JFA clients. In 2024, JFA made medical, dental, and legal referrals in 23 cases and combined its efforts with other organizations in 635 cases. OTHER PROGRAM SERVICES 5: Jazz Legacies Fellowship is a new program that will support 50 seasoned and accomplished jazz artists aged 62 years and older over a five-year period in 2025, with the startup phase beginning in 2024. The fellowship honors each recipient with a lifetime achievement award and an unrestricted grant of $100,000. Recipients will also be provided with resources for tailored professional and personal support, including recording and performance opportunities, production assistance, legal and financial counsel and more. OTHER PROGRAM SERVICES 6: The Gig Fund /Provide Jazz and Blues Music Free to the Public. The Gig Fund produces free, pop-up performances for underserved audiences. The shows take place in public spaces as opposed to traditional and costly venues, and engage new audiences who would not otherwise have the chance to hear these accomplished players. Our dream is for this program to return us to the days when a band would just start playing during lunch hour or after-work, and people would gather to listen, dance, and sing, and there would be this shared experience, reminding us that We Are All In This Together. In 2024 the JFA provide 530 work opportunities for musicians through the Gig Fund Program.

Pro Bono Services:

Referrals for medical, legal, and other assistance. Since 1994, JFA has provided a pro bono network for uninsured musicians in crisis due to health issues. Dizzy Gillespie was a patient at Englewood Hospital in New Jersey many times before his passing in early 1993 from pancreatic cancer. Dizzy expressed two wishes to his family in his last days: to support the greatest passion in his lifejazz and jazz musiciansand to have a memorial in his name at his hospital, Englewood Hospital and Medical Center. The Dizzy Gillespie Memorial Fund helps underwrite the costs of hospitalization, diagnostic tests, and a full range of surgical and medical care for jazz musicians who are uninsured and without the ability to pay. Additionally, we have established a network of dentists and oral surgeons who either donate their services completely free or at deeply discounted rates. Pro bono legal services at the JFA include referrals to volunteer lawyers who provide assistance with housing, contract, royalty, estate, and other issues. JFA also works with other relief organizations and musicians' assistance organizations to secure additional and in-kind support for JFA clients. In 2022, JFA made medical, dental, and legal referrals in 12 cases and combined its efforts with other organizations in 235 cases. The Pro Bono services totaled $714,955 for the this fiscal year.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Begining on january 1, 2019, and each taxable year thereafter, 4% of the fair market value of the principal of the endowment fund on the first business day, shall be expended in equal quarterly installments to support the jazz foundation of america's charitable purposes and programs.

Part X : FIN48 Footnote

Generally accepted accounting principles provide guidance for how uncertain tax positions should be recognized, measured, presented, and disclosed in the financial statements, and require the evaluation of tax positions taken or expected to be taken to determine whether the tax positions would more-likely-than-not be sustained by the Foundation upon examination by the applicable taxing authority. Management is not aware of any violation of its tax status as an organization exempt from income taxes or of any exposure to unrelated business income taxes. The Foundations tax returns remain subject to examination by the taxing authorities, for three years after they have been filed.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Event Expenses Netted against Income $1059496

Part XII, Line 2D: Other expenses and losses per audited F/S

Event Expenses Netted against Income $1059496

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IRS990/Desc0Musicians' Emergency Fund/Housing and Emergency Assistance: Preventing homelessness and evictions for musicians in need and assisting with rent, mortgages, transportation, utilities and other essential living expenses. Most musicians have no savings, they rarely get paid properly, and they live gig to gig. For example, if someone can't work because they've had an accident and are now behind in their rent, we pay their rent and/or utilities to keep them from eviction. We also make sure there is enough food on the table and even go to the hospital with them for treatment if they are alone. In other crisis situations, we are needed to repair or replace instruments so that musicians can keep working. Whatever the situation calls for, we address the need through compassion and counseling from our social work team. JFA looks at the whole person and sees the long- and short-term challenges. This can include making home visits to an elderly person who is alone and even connecting them with younger musicians they can mentor who check in and help care for them. We also make calls after business hours to let them know they are not forgotten. Sometimes we uncover the root of someone's depression or help reconnect them with estranged family members. Every case is special and needs more than what it first presents. Whatever the situation, we heal it as best we can with love, a helping hand, and some creativity. JFA assisted in 1,180 unique cases through the Musicians' Emergency Fund in 2024.
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