Civic Intelligence

Preservation Hall Foundation Inc

EIN 27-2910626 • 501(c)3 • New Orleans, LA

Profile

Preservation hall foundation protects, preserves, and perpetuates new orleans music through engaging and supporting musicians; providing support and services to elder members of our collective; conserving and sharing jazz music archives and spaces; providing educational experiences for students, families and the general public; and grantmaking to recognize merit and/or alleviate need.

726 Saint Peter StreetNew Orleans, LA 70116

www.preshallfoundation.org

Siviq Scores

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

Liabilities / Assets

80th percentile

0.52x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

86th percentile

1.17x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

73rd percentile

20%

Higher net margin than 73% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

92nd percentile

53%

Faster asset growth than 92% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Revenue Growth

61st percentile

13%

Faster revenue growth than 61% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$9,268,903

Up $625,543 (+7.2%) from 2023

Liabilities

Down

$4,784,801

Down $181,403 (-3.7%) from 2023

Net Assets

Up

$4,484,102

Up $806,946 (+22%) from 2023

Operations
Liabilities / Revenue86th percentileNet Margin73rd percentile

Revenue

Up

$4,080,616

Up $1,987,676 (+95%) from 2023

Expenses

Up

$3,273,670

Up $997,844 (+44%) from 2023

Net Income

Up

$806,946

Up $989,832 (+541%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth92nd percentile

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

$10M$5.0M$0-$5.0MAssets 2013: $8,801Liabilities 2013: $15,898Net Assets 2013: -$7,0972013Assets 2014: $125,058Liabilities 2014: $586Net Assets 2014: $124,4722014Assets 2015: $315,343Liabilities 2015: $32,525Net Assets 2015: $282,8182015Assets 2016: $100,659Liabilities 2016: $28,106Net Assets 2016: $72,5532016Assets 2017: $319,356Liabilities 2017: $36,966Net Assets 2017: $282,3902017Assets 2018: $289,531Liabilities 2018: $36,871Net Assets 2018: $252,6602018Assets 2019: $245,986Liabilities 2019: $69,838Net Assets 2019: $176,1482019Assets 2020: $2,027,145Liabilities 2020: $288,747Net Assets 2020: $1,738,3982020Assets 2021: $2,657,700Liabilities 2021: $195,235Net Assets 2021: $2,462,4652021Assets 2022: $3,942,943Liabilities 2022: $88,788Net Assets 2022: $3,854,1552022Assets 2023: $8,643,360Liabilities 2023: $4,966,204Net Assets 2023: $3,677,1562023Assets 2024: $9,268,903Liabilities 2024: $4,784,801Net Assets 2024: $4,484,1022024

Highlighted filing

2024

Assets$9,268,903
Liabilities$4,784,801
Net Assets$4,484,102
Open 2024 Filing

Operations Trend

Revenue Growth61st percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $73,681Expenses 2013: $59,349Net Income 2013: $14,3322013Revenue 2014: $325,843Expenses 2014: $194,274Net Income 2014: $131,5692014Revenue 2015: $754,371Expenses 2015: $593,775Net Income 2015: $160,5962015Revenue 2016: $589,750Expenses 2016: $800,015Net Income 2016: -$210,2652016Revenue 2017: $1,059,859Expenses 2017: $851,589Net Income 2017: $208,2702017Revenue 2018: $1,199,119Expenses 2018: $1,228,849Net Income 2018: -$29,7302018Revenue 2019: $1,228,724Expenses 2019: $1,298,460Net Income 2019: -$69,7362019Revenue 2020: $3,416,287Expenses 2020: $1,863,614Net Income 2020: $1,552,6732020Revenue 2021: $2,671,447Expenses 2021: $1,961,125Net Income 2021: $710,3222021Revenue 2022: $3,211,491Expenses 2022: $1,875,805Net Income 2022: $1,335,6862022Revenue 2023: $2,092,940Expenses 2023: $2,275,826Net Income 2023: -$182,8862023Revenue 2024: $4,080,616Expenses 2024: $3,273,670Net Income 2024: $806,9462024

Highlighted filing

2024

Revenue$4,080,616
Expenses$3,273,670
Net Income$806,946
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,268,903
Liabilities
$4,784,801
Net assets
$4,484,102
Revenue
$4,080,616
Expenses
$3,273,670
Net income
$806,946
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.27$4.78$4.48$4.08$3.27$0.81
2023Detailed filing. Detailed filing data is available for this year.$8.64$4.97$3.68$2.09$2.28$0.18
2022Detailed filing. Detailed filing data is available for this year.$3.94$0.09$3.85$3.21$1.88$1.34
2021Detailed filing. Detailed filing data is available for this year.$2.66$0.20$2.46$2.67$1.96$0.71
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.03$0.29$1.74$3.42$1.86$1.55
2019Detailed filing. Detailed filing data is available for this year.$0.25$0.07$0.18$1.23$1.30$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.29$0.04$0.25$1.20$1.23$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.32$0.04$0.28$1.06$0.85$0.21
2016Detailed filing. Detailed filing data is available for this year.$0.10$0.03$0.07$0.59$0.80$0.21
2015Detailed filing. Detailed filing data is available for this year.$0.32$0.03$0.28$0.75$0.59$0.16
2014Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.12$0.33$0.19$0.13
2013Detailed filing. Detailed filing data is available for this year.$0.01$0.02$0.01$0.07$0.06$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 15, 2025
Return Version
2024v5.2
Gross Receipts
$4,426,606
Mission and Program Overview

Mission

Preservation hall foundation protects, preserves, and perpetuates new orleans music through engaging and supporting musicians; providing support and services to elder members of our collective; conserving and sharing jazz music archives and spaces; providing educational experiences for students, families and the general public; and grantmaking to recognize merit and/or alleviate need.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,970,432$2,183,534▼ $786,898
Land, Buildings, and Equipment, Net$482,780$1,342,606▲ $859,826
Pledges and Grants Receivable$1,019$776,591▲ $775,572
Investments Other Securities$86,279--
Other Notes and Loans Receivable, Net$59,194$71,043▲ $11,849
Prepaid Expenses and Deferred Charges$36,925$20,490▼ $16,435
Loans From Officers Directors$2,276--
Total Assets$8,643,360$9,268,903▲ $625,543
Other Assets Total$5,006,731$4,874,639▼ $132,092
Liabilities
Other Liabilities$4,830,416$4,682,011▼ $148,405
Accounts Payable and Accrued Expenses$90,012$75,701▼ $14,311
Deferred Revenue$43,500$27,089▼ $16,411
Total Liabilities$4,966,204$4,784,801▼ $181,403
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,302,034$3,058,124▲ $756,090
Net Assets Without Donor Restrictions$1,375,122$1,425,978▲ $50,856
Total Net Assets Fund Balance$3,677,156$4,484,102▲ $806,946
Total Liabilities and Net Assets / Fund Balance$8,643,360$9,268,903▲ $625,543

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,030,095$11,981$1,042,076
Leasehold Improvements$312,511-$312,511
Other Assets Org$26,050--
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ashley GrahamDevelopment DirectorFT$153,411$153,411
Michael MartinovichManaging DirectorFT$150,000$150,000
Greg LucasExecutive DirectorFT$74,646$74,646

Board Members and Trustees

NameTitle
Benjamin JaffeChairman
Dr Aaron WolfsonPresident
Jeanette JaffeVice President/treasurer
Alexa PulitzerBoard Member
Graham ColemanBoard Member
Kevin PoormanBoard Member
N Sundiata HaleyBoard Member
Rene LapeyrolerieBoard Member
Rickie MonieBoard Member
Wendy PopowichBoard Member
Dr John WellsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,820,434
Program Service Revenue
$201,150
Investment Income
$216,921
Other Revenue
$-157,889
All Other Contributions
$3,492,034
Change in Net Assets
$806,946

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,080,616
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$261,656
Total Revenue per Audited Statements
$4,342,272
Total Revenue per Form 990
$4,080,616
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,936,830
Total Fundraising Expense$1,186,129
Salaries, Compensation, and Employee Benefits$944,415
Grants and Similar Amounts Paid$392,425
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$479,051$55,072$351,486$885,609
Other Salaries and Wages$463,778$50,435$109,047$623,260
Occupancy$107,230$48,393$265,018$420,641
Grants to Domestic Individuals$362,225--$362,225
Current Officers, Directors, Trustees, and Key Employees$112,323-$112,323$224,646
Interest--$196,646$196,646
Fees for Services Management-$152,775-$152,775
Travel$23,749$56$51,297$75,102
Payroll Taxes$45,356-$17,406$62,762
Advertising$28,673$978$25,275$54,926
Information Technology$2,390$16,443$26,668$45,501
Other Employee Benefits$21,471-$12,276$33,747
Grants to Domestic Orgs$30,200--$30,200
Office Expenses$16,894$653$6,243$23,790
Fees for Services Accounting-$20,358-$20,358
Insurance-$15,290-$15,290
Depreciation Depletion-$5,643-$5,643
Other Expenses$750$868$1,067$2,685
Total Functional Expenses$1,707,248$380,293$1,186,129$3,273,670

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,535,326
Expenses per Audited Statements$3,273,670
Total Expenses per Form 990$3,273,670
Expenses Not Reported on Form 990$261,656
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$261,656
Fundraising Gross Income$103,267
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Midnight Preserves$366,567$103,267$181,037$-77,770
Total Events$366,567$103,267$261,656$-158,389
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
Loans from Officers, Directors, Trustees, and Key Employees$2,276--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long-term Portion of Lease Liability$4,682,011
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
Yes
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 A, Line 2

“The vice president/treasurer, jeanette jaffe, is the spouse of the chairman, benjamin jaffe.”

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

“Treasurer of the board reviews 990 and summarizes key aspects relevant to the rest of the board members.”

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

“All related party transactions are vetted, documented in agreements, reviewed by legal counsel, and signed off by board of directors.”

Form 990, Part VI, Section B, Line 15

“Industry norms commensurate with the organization's size and budget are considered by the board annually during employee review process.”

Form 990, Part VI, Section C, Line 19

“Upon request and through guidestar, foundation source, and other non-profit websites.”

Filing and Contact Details

Filer

Filer Name
Preservation Hall Foundation Inc
EIN
27-2910626
Phone
5045222841
Address
726 SAINT PETER STREET, NEW ORLEANS, LA 70116

Signing Officer

Name
Jeanette Jaffe
Title
Treasurer
Phone
5045222841
Signed
2025-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeanette Jaffe
Formed
2011
Legal Domicile
La
Voting Board Members
11
Independent Board Members
9
Employees
35
Volunteers
11

Preparer

Firm
Wegmann Dazet Apc
Address
111 VETERANS BLVD SUITE 1600, METAIRIE, LA 70005
Preparer
Valerie Lowry
Phone
5048378844
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional services: program service expenses 455,406. Management and general expenses 55,072. Fundraising expenses 342,353. Total expenses 852,831. Payroll fees: program service expenses 23,645. Management and general expenses 0. Fundraising expenses 9,133. Total expenses 32,778.”

FORM 990, PART XII, LINE 2C:

“The process used by the committee that assumes responsibility for the audit of its financial statements has not changed since the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The foundation is organized as a nonprofit corporation and has been recognized by the irs as exempt from federal income taxes under irc section 501(a) as organizations described in irc section 501(c)(3). In a letter dated august 14, 2021, the irs issued a determination letter stating that the foundation meets the requirements for classification as a public charity. The foundation is annually required to file a return of organization exempt from income tax (form 990) with the irs. In addition, the foundation is subject to income tax on net income that is derived from business activiies that are unrelated to their exempt purposes. The foundation has determined that it is not subject to unrelated business income tax and has not filed an exempt organization business income tax return (form 990-t) with the irs. Management believes that the foundation has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The foundation would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. With few exceptions, the foundation is no longer subject to federal or state tax examinations beyond three years from the filing of those returns.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 261,656.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 261,656.”

Raw XML AppendixShowing 400 of 607 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT/TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt11MANAGING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DEVELOPMENT DIRECTOR
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IRS990/MissionDesc0PRESERVATION HALL FOUNDATION PROTECTS, PRESERVES, AND PERPETUATES NEW ORLEANS MUSIC THROUGH ENGAGING AND SUPPORTING MUSICIANS; PROVIDING SUPPORT AND SERVICES TO ELDER MEMBERS OF OUR COLLECTIVE; CONSERVING AND SHARING JAZZ MUSIC ARCHIVES AND SPACES; PROVIDING EDUCATIONAL EXPERIENCES FOR STUDENTS, FAMILIES AND THE GENERAL PUBLIC; AND GRANTMAKING TO RECOGNIZE MERIT AND/OR ALLEVIATE NEED.
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IRS990/ProgSrvcAccomActy2Grp/Desc0COMMUNITY ENGAGEMENT: EXTENDS TRADITIONAL JAZZ MUSIC AND CULTURE OUTSIDE OF NEW ORLEANS. ACTIVITIES INCLUDE FREE PERFORMANCES AT SCHOOLS, LIBRARIES AND OTHER PUBLIC SPACES AS WELL AS LECTURES AND MASTER CLASSES IN ACADEMIC AND PROFESSIONAL SETTINGS. THE LONG-TERM GOAL IS TO CONTRIBUTE TO THE LARGER BODY OF KNOWLEDGE AND PRACTICE THAT PROTECTS THE TRANSMISSION OF LOCAL CULTURAL TRADITIONS WORLDWIDE.
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IRS990/ProgSrvcAccomActy3Grp/Desc0LEGACY: PROGRAM TO SUPPORT ELDER MUSICIANS (60 YEARS AND OLDER) THAT ARE REGULAR PERFORMERS AND EDUCATORS AT PRESERVATION HALL. DURING COVID AND AFTERMATH OF HURRICANE IDA, THE LEGACY PROGRAM EXPANDED TO PROVIDE EMERGENCY RELIEF GRANTS AND OTHER SUPPORT TO NEARLY 100 INDIVIDUALS, TRADITIONAL BANDS, AND ORGANIZATIONS.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0ARCHIVES: THE FOUNDATION MAINTAINS AND BUILDS A LIVING ARCHIVE AND COLLECTION THAT DOCUMENTS THE STORY OF THE PRESERVATION HALL VENUE, COMMUNITY AND LIVES OF ITS MUSICIANS. A LARGE PART OF THE ARCHIVES PROGRAM IS TO CREATE NEW DIGITAL CONTENT IN THE FORM OF VIDEO AND AUDIO RECORDINGS TO CAPTURE THE VIBRANT PRESENT ERA OF THE INSTITUTION.
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