Civic Intelligence

Madison Jazz Society Inc

EIN 39-1526354 • 501(c)3 • Madison, WI

Profile

The madison jazz society continues to function with this mission statement: provide a common meeting ground for all persons interested in jazz; musicisn, listener, collector. Mjs endeavors to preserve, encourage and stimulate interest in jazz music; to foster and advertise creators of jazz music; and to exchange helpful information which may be instructive or entertaining to its members.

PO Box 8866Madison, WI 53708-8866

n/A

Siviq Scores

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

Liabilities / Assets

64th percentile

0.00x

Higher debt load relative to assets than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

69th percentile

0.01x

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

501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

69th percentile

15%

Higher net margin than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

44th percentile

-5.9%

Faster asset growth than 44% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

79th percentile

34%

Faster revenue growth than 79% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$89,555

Down $5,660 (-5.9%) from 2017

Liabilities

Down

$323

Down $11,212 (-97%) from 2017

Net Assets

Up

$89,232

Up $5,552 (+6.6%) from 2017

Revenue

Up

$37,878

Up $9,570 (+34%) from 2017

Expenses

Up

$32,326

Up $13,184 (+69%) from 2017

Net Income

Down

$5,552

Down $3,614 (-39%) from 2017

Trend Graphs

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2012: $80,062Liabilities 2012: $7,2542012Assets 2013: $123,011Liabilities 2013: $30,4622013Assets 2014: $85,449Liabilities 2014: $7,5792014Assets 2015: $72,513Liabilities 2015: $597Net Assets 2015: $71,9162015Assets 2016: $76,504Liabilities 2016: $1,990Net Assets 2016: $74,5142016Assets 2017: $95,215Liabilities 2017: $11,535Net Assets 2017: $83,6802017Assets 2018: $89,555Liabilities 2018: $323Net Assets 2018: $89,2322018

Highlighted filing

2018

Assets$89,555
Liabilities$323
Net Assets$89,232

Operations Trend

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

$100K$50K$0-$50KRevenue 2012: $30,329Expenses 2012: $22,321Net Income 2012: $8,0082012Revenue 2013: $81,163Expenses 2013: $61,422Net Income 2013: $19,7412013Revenue 2014: $37,660Expenses 2014: $52,339Net Income 2014: -$14,6792014Revenue 2015: $24,749Expenses 2015: $30,703Net Income 2015: -$5,9542015Revenue 2016: $27,974Expenses 2016: $25,376Net Income 2016: $2,5982016Revenue 2017: $28,308Expenses 2017: $19,142Net Income 2017: $9,1662017Revenue 2018: $37,878Expenses 2018: $32,326Net Income 2018: $5,5522018

Highlighted filing

2018

Revenue$37,878
Expenses$32,326
Net Income$5,552

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Aug 23, 2018
Return Version
2017v2.3
Gross Receipts
$81,148
Mission and Program Overview

Mission

The madison jazz society continues to function with this mission statement: provide a common meeting ground for all persons interested in jazz; musicisn, listener, collector. Mjs endeavors to preserve, encourage and stimulate interest in jazz music; to foster and advertise creators of jazz music; and to exchange helpful information which may be instructive or entertaining to its members.

Program Services

DescriptionGrantsExpenses
TO ASSIST SCHOOLS IN EDUCATING IN JAZZ MUSIC AND INSTRUMENTS.$5,915$9,124
JAZZ FEST WHICH PROVIDES A VENUE FOR BOTH THE CREATION AND LISTENING TO JAZZ MUSIC AND ITS ENVIRONMENT.-$3,504
CONCERT SERIES PROVIDES AN ONGOING VENUE FOR THE APPRECIATED ON JAZZ MUSIC.-$736
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LINDA MARTY SCHMITZPresidentPT$0--
JACKIE SHIVERSTreasurer-$0--
TANA GODFRIAUXMembership S-$0--
GRETCHEN PATEYSgt At Arms-$0--
MIKE KERNATSDirector-$0--
GENE MILLERDirector-$0--
LAURIE LANGDirector-$0--
CONNIE FOXDirector-$0--
MIKE SHIVERSDirector-$0--
MICHAEL FAULHABERDirector-$0--
JERRY TIFFTDirector-$0--
JOYCE POWERSDirector-$0--
SHARON SIGRIST WOLTERRecording Se-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Jazz Fest$20,895$20,895$13,323$7,572
Total Events$20,895$20,895$34,505$-13,610
Filing and Contact Details

Filer

Filer Name
Madison Jazz Society Inc
EIN
39-1526354
Address
PO BOX 8866, MADISON, WI 53708-8866

Signing Officer

Name
Linda Marty Schmitz
Title
President
Phone
6088505400
Signed
2018-08-23
Discuss with paid preparer
Yes

Preparer

Firm
Kollath & Associates CPA LLC
Address
421 WATER STSTE 111, PRAIRIE DU SAC, WI 53578
Preparer
Julie Miller
Phone
6086440206
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I

The grants made by the madison jazz society are awarded to wisconsin k-12 school music departments to enhance their jazz education programs. These awards are made on a non-discriminatory basis and the procedure is described below. Those interested in the madison jazz society's annual scholarship grants are invited to make application to the society. The applications are then screened by a committee appointed by the society's board of directors. The committee, after careful deliberations, makes recommendations to the society's board of directors as to which school(s) should receive the grant(s). The board of directors, based on the committee's recommendation, makes the final decision as to which school(s) should receive the grant(s). For the fiscal year ended june 20, 2016 grants were awarded in the amount of 4,950. These grants were used for a variety of purposes including the purchase of instruments and music and the hiring of jazz clinicians.

Form 990-ez, Part I, Line 8

Credit card rebate 298 jazz mall 35 other income 25 total 358

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 79 dues 74 office 1,564 sales tax 1,613 transprotation 8,622 promotion 3,209 website 136 annual meeting expenses 2,488 bank fees 2 insurance 893 total 18,680

Form 990-ez, Part II, Line 24

Instruments 4,607 4,607 office equip 320 320 total 4,927 4,927

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 11,150 60 deferred revenue 385 263

Form 990-ez, Part III

The madison jazz society continues to function with this mission statement: provide a common meeting ground for all persons interested in jazz; musicisn, listener, collector. Mjs endeavors to preserve, encourage and stimulate interest in jazz music; to foster and advertise creators of jazz music; and to exchange helpful information which may be instructive or entertaining to its members.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GRANTS MADE BY THE MADISON JAZZ SOCIETY ARE AWARDED TO WISCONSIN K-12 SCHOOL MUSIC DEPARTMENTS TO ENHANCE THEIR JAZZ EDUCATION PROGRAMS. THESE AWARDS ARE MADE ON A NON-DISCRIMINATORY BASIS AND THE PROCEDURE IS DESCRIBED BELOW. THOSE INTERESTED IN THE MADISON JAZZ SOCIETY'S ANNUAL SCHOLARSHIP GRANTS ARE INVITED TO MAKE APPLICATION TO THE SOCIETY. THE APPLICATIONS ARE THEN SCREENED BY A COMMITTEE APPOINTED BY THE SOCIETY'S BOARD OF DIRECTORS. THE COMMITTEE, AFTER CAREFUL DELIBERATIONS, MAKES RECOMMENDATIONS TO THE SOCIETY'S BOARD OF DIRECTORS AS TO WHICH SCHOOL(S) SHOULD RECEIVE THE GRANT(S). THE BOARD OF DIRECTORS, BASED ON THE COMMITTEE'S RECOMMENDATION, MAKES THE FINAL DECISION AS TO WHICH SCHOOL(S) SHOULD RECEIVE THE GRANT(S). FOR THE FISCAL YEAR ENDED JUNE 20, 2016 GRANTS WERE AWARDED IN THE AMOUNT OF 4,950. THESE GRANTS WERE USED FOR A VARIETY OF PURPOSES INCLUDING THE PURCHASE OF INSTRUMENTS AND MUSIC AND THE HIRING OF JAZZ CLINICIANS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CREDIT CARD REBATE 298 JAZZ MALL 35 OTHER INCOME 25 TOTAL 358
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXPENSES ADVERTISING AND PROMOTION 79 DUES 74 OFFICE 1,564 SALES TAX 1,613 TRANSPROTATION 8,622 PROMOTION 3,209 WEBSITE 136 ANNUAL MEETING EXPENSES 2,488 BANK FEES 2 INSURANCE 893 TOTAL 18,680
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INSTRUMENTS 4,607 4,607 OFFICE EQUIP 320 320 TOTAL 4,927 4,927
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACCOUNTS PAYABLE AND ACCRUED EXPENSES 11,150 60 DEFERRED REVENUE 385 263
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE MADISON JAZZ SOCIETY CONTINUES TO FUNCTION WITH THIS MISSION STATEMENT: PROVIDE A COMMON MEETING GROUND FOR ALL PERSONS INTERESTED IN JAZZ; MUSICISN, LISTENER, COLLECTOR. MJS ENDEAVORS TO PRESERVE, ENCOURAGE AND STIMULATE INTEREST IN JAZZ MUSIC; TO FOSTER AND ADVERTISE CREATORS OF JAZZ MUSIC; AND TO EXCHANGE HELPFUL INFORMATION WHICH MAY BE INSTRUCTIVE OR ENTERTAINING TO ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KOLLATH & ASSOCIATES CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0421 WATER STSTE 111
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PRAIRIE DU SAC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd053578
ReturnHeader/PreparerPersonGrp/PhoneNum06086440206
ReturnHeader/PreparerPersonGrp/PreparationDt02018-08-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JULIE MILLER
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-08-29T09:54:09-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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