Civic Intelligence

Seattle Jazzed

990 • Fiscal year 2022 • EIN 27-1440873

Jul 01, 2021 to Jun 30, 2022 • Filed on May 11, 2023

380 Boren Ave NSeattle, WA 98109

(206) 324-5299

Siviq Scores

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

Liabilities / Assets

54th percentile

0.15x

Higher debt load relative to assets than 54% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

69th percentile

0.39x

Higher debt load relative to revenue than 69% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

85th percentile

40%

Higher net margin than 85% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

44th percentile

$108,960

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

81st percentile

24%

Faster asset growth than 81% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

38th percentile

-1.6%

Faster revenue growth than 38% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$5,294,976

Up $1,038,691 (+24%) from 2021

Net Assets

Up

$4,501,689

Up $825,752 (+22%) from 2021

Liabilities

Up

$793,287

Up $212,939 (+37%) from 2021

Revenue

Down

$2,056,430

Down $32,767 (-1.6%) from 2021

Expenses

Up

$1,228,434

Up $181,923 (+17%) from 2021

Net Income

Down

$827,996

Down $214,690 (-21%) from 2021

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2014: $67,973Liabilities 2014: $0Net Assets 2014: $67,9732014Assets 2015: $98,638Liabilities 2015: $0Net Assets 2015: $98,6382015Assets 2017: $260,365Liabilities 2017: $10,842Net Assets 2017: $249,5232017Assets 2019: $408,366Liabilities 2019: $34,433Net Assets 2019: $373,9332019Assets 2021: $4,256,285Liabilities 2021: $580,348Net Assets 2021: $3,675,9372021Assets 2022: $5,294,976Liabilities 2022: $793,287Net Assets 2022: $4,501,6892022Assets 2024: $3,512,294Liabilities 2024: $991,554Net Assets 2024: $2,520,7402024

Highlighted filing

2022

Assets$5,294,976
Liabilities$793,287
Net Assets$4,501,689

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2014: $288,359Expenses 2014: $281,322Net Income 2014: $7,0372014Revenue 2015: $331,784Expenses 2015: $301,119Net Income 2015: $30,6652015Revenue 2017: $853,380Expenses 2017: $763,599Net Income 2017: $89,7812017Revenue 2019: $1,470,051Expenses 2019: $1,287,608Net Income 2019: $182,4432019Revenue 2021: $2,089,197Expenses 2021: $1,046,511Net Income 2021: $1,042,6862021Revenue 2022: $2,056,430Expenses 2022: $1,228,434Net Income 2022: $827,9962022Revenue 2024: $1,378,436Expenses 2024: $3,309,629Net Income 2024: -$1,931,1932024

Highlighted filing

2022

Revenue$2,056,430
Expenses$1,228,434
Net Income$827,996
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 11, 2023
Return Version
2021v4.2
Gross Receipts
$2,751,570
Mission and Program Overview

Mission

Through Jazz education that liberates and inspires, Seattle JazzED increase access in the music room, celebrates student expression, and builds lasting connection rooted in community.

Educate young musicians of all backgrounds and skill levels.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,905,427$2,644,865▲ $739,438
Land, Buildings, and Equipment, Net$982,761$1,294,416▲ $311,655
Pledges and Grants Receivable$944,500$724,133▼ $220,367
Cash and Non-Interest-Bearing Accounts$347,395$581,124▲ $233,729
Accounts Receivable$24,218$33,976▲ $9,758
Prepaid Expenses and Deferred Charges$51,984$16,462▼ $35,522
Total Assets$4,256,285$5,294,976▲ $1,038,691
Liabilities
Accounts Payable and Accrued Expenses$560,935$746,348▲ $185,413
Deferred Revenue$6,511$38,941▲ $32,430
Mortgage Notes Payable Secured by Investment Property$12,902$7,998▼ $4,904
Total Liabilities$580,348$793,287▲ $212,939
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,664,098$4,285,874▲ $621,776
Net Assets Without Donor Restrictions$11,839$215,815▲ $203,976
Total Net Assets Fund Balance$3,675,937$4,501,689▲ $825,752
Total Liabilities and Net Assets / Fund Balance$4,256,285$5,294,976▲ $1,038,691

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,281,290-$1,281,290
Equipment$13,126$24,457$37,583
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laurie De KochExecutive DirectorFT$102,500$6,460$108,960

Board Members and Trustees

NameTitle
Arlene SargeantPresident
Shirish MulherkarVice President
Angie JenkinsBoard Member
Caroline PerkinsBoard Member
Christian AndersonBoard Member
Deboarh SmileyBoard Member
Elvis FraserBoard Member
Harold BrandfordBoard Member
Jeffery ClapsaddleBoard Member
Kim ClementsBoard Member
Kyle RolfeBoard Member
Lipika MukerjiBoard Member
Mark ZobelBoard Member
Nancy GarciaBoard Member
Oretencia SantanaBoard Member
Ruby Biloskirka-conleyBoard Member
Stan RaBoard Member
Kathryn RobinsonSecretary
Erica GarveyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,800,073
Program Service Revenue
$278,647
Investment Income
$2,177
Other Revenue
$-24,467
All Other Contributions
$1,217,756
Change in Net Assets
$827,996
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$722,066
Other Expenses$285,435
Total Fundraising Expense$281,123
Grants and Similar Amounts Paid$182,244
Professional Fundraising Fees$38,689

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$394,798$19,815$92,661$507,274
Grants to Domestic Individuals$182,244--$182,244
Current Officers, Directors, Trustees, and Key Employees$7,525$3,762$105,925$117,212
Office Expenses$44,042$29,965$13,107$87,114
Payroll Taxes$35,623$10,800$8,871$55,294
Fees for Services Accounting-$39,689-$39,689
Fees for Services Professional Fundraising--$38,689$38,689
Travel$35,820$817-$36,637
Occupancy$22,885$6,938$6,737$36,560
Other Employee Benefits$23,420$7,100$5,832$36,352
Information Technology$20,343$6,168$5,066$31,577
Conferences and Meetings$6,740$16,920-$23,660
Fees for Services Other$10,658$1,575$1,624$13,857
Advertising$4,456$1,351$1,110$6,917
Fees for Services Lobbying-$6,000-$6,000
Pension Plan Contributions$3,823$1,159$952$5,934
Depreciation Depletion$2,206$669$549$3,424
Total Functional Expenses$794,583$152,728$281,123$1,228,434
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$65,789
Fundraising Gross Income$38,875
Professional Fundraising Fees$38,689

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$307,681$38,875$5,347$33,528
Total Events$307,681$38,875$65,789$-26,914
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

Form 990 is reviewed by the finance committee of board and then the full board of directors reviews prior to submission of forms to irs. Each board member receives the form 990 before it is filed in order to review and approve.

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

Each year the board president collects and reviews signed conflict of interest policies from each member. During the review process, the president confirms compliance.

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

Compensation for our executive director was determined by two independent board members using input from the united way of king county wage and benefit survey and the wa state figures for median salary in king county, wa. The recommended compensation level was reviewed and approved by the board executive committee and the board as a whole.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Seattle Jazzed
EIN
27-1440873
Phone
2063245299
Address
380 BOREN AVE N, SEATTLE, WA 98109

Signing Officer

Name
Laurie De Koch
Title
Executive Director
Phone
2063245299
Signed
2023-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laurie De Koch
Formed
2009
Legal Domicile
Wa
Voting Board Members
19
Independent Board Members
19
Employees
70
Volunteers
30

Preparer

Firm
Jacobson Jarvis & Co Pllc
Address
200 FIRST AVE WEST SUITE 200, SEATTLE, WA 98119-4219
Preparer
Howard Donkin CPA
Phone
2066288990
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
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IRS990/MissionDesc0EDUCATE YOUNG MUSICIANS OF ALL BACKGROUNDS AND SKILL LEVELS TO REALIZE THEIR FULL POTENTIAL THOUGH EXCEPTIONAL MUSIC EDUCATION.
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IRS990/ProgSrvcAccomActy2Grp/Desc0SUMMER CAMPS - A SUMMER PROGRAM THAT TEACHES BOTH MUSICAL SKILLS AND LEADERSHIP SKILLS AND PROVIDES OPPORTUNITIES FOR COMMUNITY SERVICE TO A DIVERSE GROUP OF STUDENTS, INCLUDING LOW INCOME AND MINORITY STUDENTS. 200 STUDENTS SERVED.
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IRS990/ProgSrvcAccomActy3Grp/Desc0K-8 SCHOOL MUSIC PROGRAMS - OPERATING 3 DIFFERENT PROGRAMS IN SCHOOLS: FOUNDATIONS - SERVING 100 STUDENTS IN 4 DIFFERENT SCHOOLS TEACHING BEGINNING INSTRUMENT SKILLS; UKELELE PROTEST SONGS - SERVING 80 STUDENTS IN 3 DIFFERENT SCHOOLS; JAZZ STORY TIME - SERVING 60 STUDENTS IN 5 DIFFERENT PRE-SCHOOL PROGRAMS.
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