Civic Intelligence

California Jazz Conservatory Inc.

990 • Fiscal year 2015 • EIN 43-1983168

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 19, 2016

2087 Addison StreetBerkeley, CA 94704

(510) 845-5373

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.37x

Higher debt load relative to assets than 72% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

66th percentile

0.25x

Higher debt load relative to revenue than 66% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

60th percentile

6.2%

Higher net margin than 60% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

44th percentile

$48,000

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

86th percentile

28%

Faster asset growth than 86% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

31st percentile

-3.8%

Faster revenue growth than 31% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,679,034

Up $368,076 (+28%) from 2014

Net Assets

Up

$1,061,122

Up $126,251 (+14%) from 2014

Liabilities

Up

$617,912

Up $241,825 (+64%) from 2014

Revenue

Down

$2,475,586

Down $98,512 (-3.8%) from 2014

Expenses

Up

$2,323,035

Up $189,366 (+8.9%) from 2014

Net Income

Down

$152,551

Down $287,878 (-65%) from 2014

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $927,599Liabilities 2010: $958,935Net Assets 2010: -$31,3362010Assets 2011: $1,062,567Liabilities 2011: $1,101,760Net Assets 2011: -$39,1932011Assets 2012: $794,937Liabilities 2012: $751,266Net Assets 2012: $43,6712012Assets 2013: $930,409Liabilities 2013: $545,535Net Assets 2013: $384,8742013Assets 2014: $1,310,958Liabilities 2014: $376,087Net Assets 2014: $934,8712014Assets 2015: $1,679,034Liabilities 2015: $617,912Net Assets 2015: $1,061,1222015Assets 2016: $2,134,910Liabilities 2016: $678,810Net Assets 2016: $1,456,1002016Assets 2017: $3,941,515Liabilities 2017: $1,079,617Net Assets 2017: $2,861,8982017Assets 2018: $4,343,240Liabilities 2018: $1,117,952Net Assets 2018: $3,225,2882018Assets 2019: $6,516,533Liabilities 2019: $741,087Net Assets 2019: $5,775,4462019Assets 2020: $7,376,473Liabilities 2020: $1,055,242Net Assets 2020: $6,321,2312020Assets 2021: $7,248,479Liabilities 2021: $1,120,412Net Assets 2021: $6,128,0672021Assets 2022: $6,943,237Liabilities 2022: $2,626,764Net Assets 2022: $4,316,4732022Assets 2023: $5,781,504Liabilities 2023: $2,123,281Net Assets 2023: $3,658,2232023Assets 2024: $4,970,866Liabilities 2024: $2,779,472Net Assets 2024: $2,191,3942024

Highlighted filing

2015

Assets$1,679,034
Liabilities$617,912
Net Assets$1,061,122

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,926,3582010Expenses 2011: $1,912,0472011Expenses 2012: $2,058,7062012Revenue 2013: $2,106,602Expenses 2013: $2,052,043Net Income 2013: $54,5592013Revenue 2014: $2,574,098Expenses 2014: $2,133,669Net Income 2014: $440,4292014Revenue 2015: $2,475,586Expenses 2015: $2,323,035Net Income 2015: $152,5512015Revenue 2016: $2,825,040Expenses 2016: $2,429,370Net Income 2016: $395,6702016Revenue 2017: $3,971,488Expenses 2017: $2,565,269Net Income 2017: $1,406,2192017Revenue 2018: $3,502,364Expenses 2018: $3,138,641Net Income 2018: $363,7232018Revenue 2019: $5,882,415Expenses 2019: $3,332,038Net Income 2019: $2,550,3772019Revenue 2020: $2,968,507Expenses 2020: $2,707,074Net Income 2020: $261,4332020Revenue 2021: $2,565,384Expenses 2021: $3,250,921Net Income 2021: -$685,5372021Revenue 2022: $2,310,767Expenses 2022: $3,490,453Net Income 2022: -$1,179,6862022Revenue 2023: $3,149,170Expenses 2023: $3,658,204Net Income 2023: -$509,0342023Revenue 2024: $1,935,951Expenses 2024: $3,499,555Net Income 2024: -$1,563,6042024

Highlighted filing

2015

Revenue$2,475,586
Expenses$2,323,035
Net Income$152,551
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 19, 2016
Return Version
2015v2.1
Gross Receipts
$2,487,513
Mission and Program Overview

Mission

To preserve and promote all aspects of jazz and related styles of music.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$514,251$516,438▲ $2,187
Intangible Assets$424,699$468,634▲ $43,935
Accounts Receivable$228,291$272,162▲ $43,871
Pledges and Grants Receivable$20,100$195,200▲ $175,100
Land, Buildings, and Equipment, Net$25,217$133,026▲ $107,809
Loans From Officers Directors-$129,334-
Cash and Non-Interest-Bearing Accounts$74,496$33,953▼ $40,543
Inventories for Sale or Use$23,904$31,830▲ $7,926
Total Assets$1,310,958$1,679,034▲ $368,076
Other Assets Total$0$27,791▲ $27,791
Liabilities
Mortgage Notes Payable Secured by Investment Property$354,420$257,848▼ $96,572
Deferred Revenue$21,543$189,974▲ $168,431
Other Liabilities$0$32,058▲ $32,058
Accounts Payable and Accrued Expenses$124$8,698▲ $8,574
Total Liabilities$376,087$617,912▲ $241,825
Net Assets / Fund Balance
Unrestricted Net Assets$934,871$720,537▼ $214,334
Temporarily Rstr Net Assets-$340,585-
Total Net Assets Fund Balance$934,871$1,061,122▲ $126,251
Total Liabilities and Net Assets / Fund Balance$1,310,958$1,679,034▲ $368,076

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$0$550,140$550,140
Equipment$38,770$236,723$275,493
Other Land Buildings$94,256-$94,256
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Susan MuscarellaExecutive DirectorFT$48,000$48,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$871,795
Program Service Revenue
$1,566,012
Investment Income
$532
Other Revenue
$37,247
All Other Contributions
$862,795
Change in Net Assets
$152,551

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$25,442Fair Market Value
Other Non Cash Contri Table2$16,750Fair Market Value
Other Non Cash Contri Table2$10,427Fair Market Value
Other Non Cash Contri Table1$169Fair Market Value
Other Non Cash Contri Table1$68Fair Market Value
Total Noncash Contributions8$52,856-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,487,513
Revenue Not Reported on Financial Statements
$-11,927
Revenue Not Reported on Form 990
$-1,361
Other Revenue Adjustments
$-11,927
Total Revenue per Audited Statements
$2,486,152
Total Revenue per Form 990
$2,475,586
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,233,901
Other Expenses$1,052,943
Grants and Similar Amounts Paid$36,191
Total Fundraising Expense$2,487
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$621,554$464,633-$1,086,187
Fees for Services Other$413,199$5,533$1,985$420,717
Occupancy$264,692$8,540-$273,232
Travel$128,024--$128,024
Office Expenses$76,470$27,902$502$104,874
Payroll Taxes$56,991$42,723-$99,714
Advertising$60,420$2,137-$62,557
Current Officers, Directors, Trustees, and Key Employees-$48,000-$48,000
Grants to Domestic Individuals$36,191--$36,191
Insurance$12,396$10,772-$23,168
Depreciation Depletion-$13,426-$13,426
Interest$24$10,703-$10,727
Fees for Services Accounting-$9,550-$9,550
Conferences and Meetings$2,365$880-$3,245
Information Technology-$2,988-$2,988
All Other Expenses$34$401-$435
Total Functional Expenses$1,672,360$648,188$2,487$2,323,035

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,323,035
Total Expenses per Audited Statements$2,298,757
Expenses per Audited Statements$2,286,844
Expenses Not Reported on Financial Statements$36,191
Other Expense Adjustments$36,191
Expenses Not Reported on Form 990$11,913
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$129,334-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$23,475
Unredeemed Gift Certificates$8,583
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 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 11

The general manager reviewed the form 990 prior to filing.

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

Board members are covered under the conflict of interest policy. The full board reviews and makes the determination on whether a conflict exists. Members with a conflict are not allowed to vote on matter pertaining to the conflict.

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

The president's compensation is reviewed and approved by the board. The president reviews and approves compensation of employees based on comparable wages as well as employee merit.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to public upon request for the same period of time set forth in sec. 6104(d).

Filing and Contact Details

Filer

Filer Name
California Jazz Conservatory Inc
EIN
43-1983168
Phone
5108455373
Address
2087 ADDISON STREET, BERKELEY, CA 94704

Signing Officer

Name
Susan Muscarella
Title
Executive Director
Phone
5108455373
Signed
2016-10-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Muscarella
Formed
2002
Legal Domicile
CA
Voting Board Members
17
Independent Board Members
16
Employees
91
Volunteers
25

Preparer

Firm
Hood & Strong Llp
Address
275 BATTERY STREET STE 900, SAN FRANCISCO, CA 94111
Preparer
Maga E Kisriev
Phone
4157810793
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Payroll services: program service expenses 0. Management and general expenses 5,533. Fundraising expenses 0. Total expenses 5,533. Performers, workship inst., sub. Teachers: program service expenses 57,333. Management and general expenses 0. Fundraising expenses 0. Total expenses 57,333. Cap. Development: program service expenses 0. Management and general expenses 0. Fundraising expenses 1,985. Total expenses 1,985. Performers, accompanists, recording & sound engineers: program service expenses 95,651. Management and general expenses 0. Fundraising expenses 0. Total expenses 95,651. Jcms youth camps, substitute teaching & workshops: program service expenses 116,212. Management and general expenses 0. Fundraising expenses 0. Total expenses 116,212. Cjc private instruction & substitute teaching: program service expenses 144,003. Management and general expenses 0. Fundraising expenses 0. Total expenses 144,003.

Financial Statement Notes

PART X, LINE 2:

The organization, as described in section 501(c)(3) of the u.s. Internal revenue code, is exempt from income taxes on related income under provisions of the u.s. Internal revenue code and the california tax code. As of december 31, 2015, management evaluated the organization's tax positions and concluded that the organization had maintained its tax exempt status and has taken no uncertain tax positions that require adjustment to the financial statements. Therefore, no provision or liability for income taxes has been included in the financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Scholarship expenses reclassified to expenses -36,191.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Cost of goods sold reclassified to revenue -8,618. Rental expenses reclassified to revenue -3,309.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold reclassified to revenue 8,618. Rental expenses reclassified to revenue 3,309. Unrealized gains included in expenses -14.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Scholarship expenses reclassified to expenses 36,191.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
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IRS990/MissionDesc0THE CALIFORNIA JAZZ CONSERVATORY IS A NATIONALLY ACCREDITED MUSIC CONSERVATORY PROVIDING A DYNAMIC COMMUNITY OF STUDENTS, ARTISTS, EDUCATORS, SCHOLARS AND AUDIENCES WITH A FORUM TO STUDY, PERFORM, TEACH, RESEARCH, APPRECIATE AND ENJOY JAZZ AND RELATED STYLES OF MUSIC FROM THROUGHOUT THE WORLD. COMPRISING TWO DISTINCT EDUCATION PROGRAMS - THE CALIFORNIA JAZZ CONSERVATORY, A POSTSECONDARY DEGREE-GRANTING PROGRAM, AND THE JAZZSCHOOL COMMUNITY MUSIC SCHOOL, A NON-DEGREE-GRANTING COMMUNITY EDUCATION PROGRAM - THE INSTITUTION HONORS THE CONTRIBUTIONS OF PAST MASTERS AND PROMOTES ARTISTIC INNOVATION, BRINGING TOGETHER A DIVERSE MUSIC COMMUNITY TO DEVELOP PRACTICAL SKILLS, ACQUIRE ARTISTIC SENSIBILITY, REALIZE CREATIVE POTENTIAL AND FIND ARTISTIC VOICE.THE CALIFORNIA JAZZ CONSERVATORY IS DEDICATED TO THE STUDY AND PERFORMANCE OF JAZZ AND RELATED STYLES OF MUSIC FROM THROUGHOUT THE WORLD, FOSTERING THE DEVELOPMENT OF THE ASPIRING PROFESSIONAL JAZZ MUSICIAN AND BUILDING AUDIENCES TO SUSTAIN THE
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IRS990/OfficeExpensesGrp/ProgramServicesAmt076470
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IRS990/OfficerMailingAddressInd00
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0464633
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IRS990/OtherSalariesAndWagesGrp/TotalAmt01086187
IRS990/PartialLiquidationInd00
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IRS990/PayrollTaxesGrp/ProgramServicesAmt056991
IRS990/PayrollTaxesGrp/TotalAmt099714
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0195200
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IRS990/ProgramServiceRevenueGrp/Desc0TUITION
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt175812
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21108
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21108
IRS990/ProgSrvcAccomActy2Grp/Desc0JCMS PROGRAM - THE PURPOSE WAS TO FURTHER STUDENTS KNOWLEDGE & PERFORMANCE OF JAZZ. THIS WAS A 39-WEEK PROGRAM WHICH INCLUDED WEEKLY SESSIONS AND THREE WEEKS OF CAMPS. 1,156 STUDENTS PARTICIPATED.
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt0189
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IRS990/ProgSrvcAccomActy3Grp/Desc0JYMP PROGRAM - THE PURPOSE WAS TO FURTHER STUDENTS KNOWLEDGE & PERFORMANCE OF JAZZ. THIS WAS A 39-WEEK PROGRAM WHICH INCLUDED WEEKLY SESSIONS AND THREE WEEKS OF CAMPS. 300 STUDENTS PARTICIPATED.
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IRS990/ProgSrvcAccomActy3Grp/GrantAmt0593
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0189517
IRS990/ProgSrvcAccomActyOtherGrp/Desc0CONCERTS, BOOKSTORE (MUSICAL MATERIALS), ROOM & HALL RENTALS, AND DEVELOPMENT.
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IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0508
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02210
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.97$2.78$2.19$1.94$3.50$1.56
2023Detailed filing. Detailed filing data is available for this year.$5.78$2.12$3.66$3.15$3.66$0.51
2022Detailed filing. Detailed filing data is available for this year.$6.94$2.63$4.32$2.31$3.49$1.18
2021Detailed filing. Detailed filing data is available for this year.$7.25$1.12$6.13$2.57$3.25$0.69
2020Detailed filing. Detailed filing data is available for this year.$7.38$1.06$6.32$2.97$2.71$0.26
2019Detailed filing. Detailed filing data is available for this year.$6.52$0.74$5.78$5.88$3.33$2.55
2018Detailed filing. Detailed filing data is available for this year.$4.34$1.12$3.23$3.50$3.14$0.36
2017Detailed filing. Detailed filing data is available for this year.$3.94$1.08$2.86$3.97$2.57$1.41
2016Detailed filing. Detailed filing data is available for this year.$2.13$0.68$1.46$2.83$2.43$0.40
2015Detailed filing. Detailed filing data is available for this year.$1.68$0.62$1.06$2.48$2.32$0.15
2014Detailed filing. Detailed filing data is available for this year.$1.31$0.38$0.93$2.57$2.13$0.44
2013Summary only. Only limited summary data is available for this year.$0.93$0.55$0.38$2.11$2.05$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.75$0.04$2.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$1.10$0.04$1.91
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.96$0.03$1.93