Civic Intelligence

Jazz Education Network

990 • Fiscal year 2019 • EIN 26-2880358

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 14, 2020

1440 W Taylor St 1135Chicago, IL 60607-4623

(312) 781-6299

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

39th percentile

0.01x

Higher debt load relative to assets than 39% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

34th percentile

0.00x

Higher debt load relative to revenue than 34% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

54th percentile

5.2%

Higher net margin than 54% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

76th percentile

$69,496

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 11.4% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

66th percentile

11%

Faster asset growth than 66% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

71st percentile

19%

Faster revenue growth than 71% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$343,104

Up $34,223 (+11%) from 2018

Net Assets

Up

$340,248

Up $31,755 (+10%) from 2018

Liabilities

Up

$2,856

Up $2,468 (+636%) from 2018

Revenue

Up

$608,695

Up $96,068 (+19%) from 2018

Expenses

Up

$576,940

Up $51,889 (+9.9%) from 2018

Net Income

Up

$31,755

Up $44,179 (+356%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2014: $210,098Liabilities 2014: $0Net Assets 2014: $210,0982014Assets 2015: $267,376Liabilities 2015: $0Net Assets 2015: $267,3762015Assets 2016: $294,889Liabilities 2016: $0Net Assets 2016: $294,8892016Assets 2017: $334,408Liabilities 2017: $0Net Assets 2017: $334,4082017Assets 2018: $308,881Liabilities 2018: $388Net Assets 2018: $308,4932018Assets 2019: $343,104Liabilities 2019: $2,856Net Assets 2019: $340,2482019Assets 2020: $297,890Liabilities 2020: $28,405Net Assets 2020: $269,4852020Assets 2021: $323,239Liabilities 2021: $39,832Net Assets 2021: $283,4072021Assets 2022: $375,214Liabilities 2022: $28,892Net Assets 2022: $346,3222022Assets 2023: $321,750Liabilities 2023: $63,674Net Assets 2023: $258,0762023Assets 2024: $495,935Liabilities 2024: $67,066Net Assets 2024: $428,8692024

Highlighted filing

2019

Assets$343,104
Liabilities$2,856
Net Assets$340,248

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2014: $355,194Expenses 2014: $321,636Net Income 2014: $33,5582014Revenue 2015: $441,770Expenses 2015: $384,492Net Income 2015: $57,2782015Revenue 2016: $370,292Expenses 2016: $342,779Net Income 2016: $27,5132016Revenue 2017: $491,053Expenses 2017: $451,534Net Income 2017: $39,5192017Revenue 2018: $512,627Expenses 2018: $525,051Net Income 2018: -$12,4242018Revenue 2019: $608,695Expenses 2019: $576,940Net Income 2019: $31,7552019Revenue 2020: $567,100Expenses 2020: $632,150Net Income 2020: -$65,0502020Revenue 2021: $379,076Expenses 2021: $365,154Net Income 2021: $13,9222021Revenue 2022: $724,320Expenses 2022: $619,282Net Income 2022: $105,0382022Revenue 2023: $562,075Expenses 2023: $650,321Net Income 2023: -$88,2462023Revenue 2024: $772,491Expenses 2024: $601,698Net Income 2024: $170,7932024

Highlighted filing

2019

Revenue$608,695
Expenses$576,940
Net Income$31,755
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 14, 2020
Return Version
2018v3.2
Gross Receipts
$608,695
Mission and Program Overview

Mission

The jazz education network is dedicated to building the jazz arts community by advancing education, promoting performance, and developing new audiences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$249,232$309,260▲ $60,028
Land, Buildings, and Equipment, Net$40,471$22,484▼ $17,987
Accounts Receivable$14,556$6,738▼ $7,818
Prepaid Expenses and Deferred Charges$4,622$4,622→ $0
Total Assets$308,881$343,104▲ $34,223
Liabilities
Accounts Payable and Accrued Expenses$388$2,856▲ $2,468
Total Liabilities$388$2,856▲ $2,468
Net Assets / Fund Balance
Unrestricted Net Assets$308,493$340,248▲ $31,755
Total Net Assets Fund Balance$308,493$340,248▲ $31,755
Total Liabilities and Net Assets / Fund Balance$308,881$343,104▲ $34,223

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$22,484$31,478$53,962
Equipment-$2,545$2,545
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sharon BurchManaging DirectorFT$69,496$69,496

Board Members and Trustees

NameTitle
Todd StollPresident
Sean JonesPresident El
Ashley ShabankarehDirector
David KauffmanDirector
Diane Chandler - MarshallDirector
Doug DuboffDirector
Dustin RohrerDirector
Francisco TorresDirector
Greg YasinitskyDirector
Julius TolentinoDirector
Lonnie DavisDirector
Mary Jo PapichDirector
Pharez WhittedDirector
Roxy CossDirector
Treb WinegarDirector
Daniel FloresLegal Counse
Caleb ChapmanPast Preside
Lonnie DavisSecretary
Tim FellowTreasurer
Bob BreithauptVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$403,620
Program Service Revenue
$205,003
Investment Income
$30
Other Revenue
$42
All Other Contributions
$240,233
Change in Net Assets
$31,755

Audited Revenue Reconciliation

Revenue per Audited Statements
$608,695
Total Revenue per Audited Statements
$608,695
Total Revenue per Form 990
$608,695
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$383,970
Salaries, Compensation, and Employee Benefits$124,308
Grants and Similar Amounts Paid$68,662
Total Fundraising Expense$47,609
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$187,430$22,298$3,190$212,918
Current Officers, Directors, Trustees, and Key Employees$26,609$42,887-$69,496
Grants to Domestic Individuals$68,662--$68,662
Advertising$26,956$2,243$33,649$62,848
Other Salaries and Wages$42,234-$2,158$44,392
Information Technology$6,774$22,642$2,407$31,823
Fees for Services Other$4,034$14,763$5,453$24,250
Depreciation Depletion$17,987--$17,987
Fees for Services Accounting-$15,008-$15,008
Payroll Taxes$2,795$7,625-$10,420
Insurance$2,487$966-$3,453
Office Expenses$264$973$752$1,989
Other Expenses$780$100-$100
Total Functional Expenses$387,752$141,579$47,609$576,940

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$576,940
Total Expenses per Audited Statements$576,940
Total Expenses per Form 990$576,940
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

I

Form 990, Page 6, Part VI, Line 7A

Each member in a voting eligible membership category and in good standing shall be entitled to a single vote on such matters as: the election of the board, ratify amendments to the bylaws as per article viii, section 8.1; proposal of a merger or dissolution; the sale of major assets of the corporation or other issues submitted to a vote of the membership. Each corporate, institutional, or affiliate network member shall designate one representative to vote on any matters submitted to the general membership.

Form 990, Page 6, Part VI, Line 7B

Each member in a voting eligible membership category and in good standing shall be entitled to a single vote on such matters as: the election of the board, ratify amendments to the bylaws as per article viii, section 8.1; proposal of a merger or dissolution; the sale of major assets of the corporation or other issues submitted to a vote of the membership. Each corporate, institutional, or affiliate network member shall designate one representative to vote on any matters submitted to the general membership.

Form 990, Page 6, Part VI, Line 11B

The board of directors review the form 990 prior to filing with the internal revenue service.

Form 990, Page 6, Part VI, Line 12C

The board of directors and officers of the corporation shall conduct its affairs under the provisions of illinois state law and shall annually disclose their involvement or interest in any contract relating to or incidental to the operations before the corporation, which may be the subject of consideration for the award of a contract, agreement or grant to or from the corporation; and abstain from participation in the consideration of any contract, agreement, purchase or grant award to any agency or vendor with which such member is associated or which he/she has a personal interest or as trustees of trusts, or as agents for other persons or corporations, or may be interested in the same matters as stockholders, directors, or otherwise; provided, however, that any contract transaction, or act on behalf of the corporation in a matter in which the board of directors and officers are personally interested as stockholders, directors, or otherwise shall be at arm's length on any transaction or would result in the denial of tax exemption under the internal revenue code and its regulations as they now exist or as they may hereafter be amended.

Form 990, Page 6, Part VI, Line 15A

The executive and personnel committees review relevant data and propose salary increased for board approval. The full board then reviews and acts on the proposal.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Jazz Education Network
EIN
26-2880358
Phone
3127816299
Address
1440 W TAYLOR ST 1135, CHICAGO, IL 60607-4623

Signing Officer

Name
Tim Fellow
Title
Treasurer
Phone
3127816299
Signed
2020-04-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Fellow
Formed
2008
Legal Domicile
Il
Voting Board Members
20
Independent Board Members
20
Employees
2
Volunteers
100

Preparer

Firm
Bountiful Peak Advisors
Address
1564 SOUTH 500 WEST SUITE 201, BOUNTIFUL, UT 84010-7400
Preparer
Justin R Shaw CPA Cfe Cgma
Phone
8012943155
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT EL
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17LEGAL COUNSE
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20MANAGING DIR
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