Civic Intelligence

California Jazz Conservatory Inc.

990 • Fiscal year 2018 • EIN 43-1983168

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 13, 2019

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

68th percentile

0.26x

Higher debt load relative to assets than 68% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

72nd percentile

0.32x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

66th percentile

10%

Higher net margin than 66% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

45th percentile

$50,938

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

72nd percentile

10%

Faster asset growth than 72% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

20th percentile

-12%

Faster revenue growth than 20% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$4,343,240

Up $401,725 (+10%) from 2017

Net Assets

Up

$3,225,288

Up $363,390 (+13%) from 2017

Liabilities

Up

$1,117,952

Up $38,335 (+3.6%) from 2017

Revenue

Down

$3,502,364

Down $469,124 (-12%) from 2017

Expenses

Up

$3,138,641

Up $573,372 (+22%) from 2017

Net Income

Down

$363,723

Down $1,042,496 (-74%) from 2017

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

2018

Assets$4,343,240
Liabilities$1,117,952
Net Assets$3,225,288

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

2018

Revenue$3,502,364
Expenses$3,138,641
Net Income$363,723
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$3,613,458
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,793,340$3,140,123▲ $346,783
Intangible Assets$468,634$468,634→ $0
Pledges and Grants Receivable$122,352$370,805▲ $248,453
Savings and Temporary Cash Investments$263,823$257,945▼ $5,878
Accounts Receivable$178,496$76,699▼ $101,797
Inventories for Sale or Use$34,216$0▼ $34,216
Loans From Officers Directors$25,000$25,000→ $0
Cash and Non-Interest-Bearing Accounts$51,863$244▼ $51,619
Total Assets$3,941,515$4,343,240▲ $401,725
Other Assets Total$28,791$28,790▼ $1
Liabilities
Mortgage Notes Payable Secured by Investment Property$147,767$525,750▲ $377,983
Unsecured Notes Loans Payable$0$316,150▲ $316,150
Deferred Revenue$208,535$131,077▼ $77,458
Other Liabilities$109,303$108,697▼ $606
Accounts Payable and Accrued Expenses$589,012$11,278▼ $577,734
Total Liabilities$1,079,617$1,117,952▲ $38,335
Net Assets / Fund Balance
Unrestricted Net Assets$224,407$3,008,893▲ $2,784,486
Temporarily Rstr Net Assets$2,637,491$216,395▼ $2,421,096
Total Net Assets Fund Balance$2,861,898$3,225,288▲ $363,390
Total Liabilities and Net Assets / Fund Balance$3,941,515$4,343,240▲ $401,725

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,900,878$802,479$3,703,357
Equipment$72,348$306,771$379,119
Other Land Buildings$166,897-$166,897
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Susan MuscarellaPresidentPT$50,938$50,938

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,099,612
Program Service Revenue
$1,400,654
Investment Income
$304
Other Revenue
$1,794
All Other Contributions
$1,815,809
Change in Net Assets
$363,723

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 Traded5$75,252Fair Market Value (FMV)
Other Non Cash Contri Table1$15,000Fair Market Value (FMV)
Other Non Cash Contri Table1$5,000Fair Market Value (FMV)
Other Non Cash Contri Table5$3,662Fair Market Value (FMV)
Other Non Cash Contri Table1$2,000Fair Market Value (FMV)
Other Non Cash Contri Table1$500Fair Market Value (FMV)
Total Noncash Contributions14$101,414-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,553,487
Revenue Not Reported on Financial Statements
$-51,123
Revenue Not Reported on Form 990
$-1,804
Other Revenue Adjustments
$-51,123
Total Revenue per Audited Statements
$3,551,683
Total Revenue per Form 990
$3,502,364
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,588,235
Salaries, Compensation, and Employee Benefits$1,475,789
Grants and Similar Amounts Paid$74,617
Total Fundraising Expense$30,984
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$679,631$620,537-$1,300,168
Fees for Services Other$480,067$47,923$30,984$558,974
Occupancy$279,004$131,370-$410,374
Depreciation Depletion-$303,801-$303,801
Payroll Taxes$64,699$48,313-$113,012
Office Expenses$824$104,034-$104,858
Grants to Domestic Individuals$74,617--$74,617
Advertising$57,847--$57,847
Current Officers, Directors, Trustees, and Key Employees-$50,938-$50,938
Interest-$34,244-$34,244
Fees for Services Accounting-$28,475-$28,475
Conferences and Meetings$13,251--$13,251
Other Expenses$8,988$3,512-$12,500
Insurance$6,517$5,706-$12,223
Other Employee Benefits$6,682$4,989-$11,671
Travel$8,221$7-$8,228
Total Functional Expenses$1,723,808$1,383,849$30,984$3,138,641

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,188,293
Total Expenses per Form 990$3,138,641
Expenses per Audited Statements$3,064,024
Expenses Not Reported on Form 990$124,269
Expenses Not Reported on Financial Statements$74,617
Other Expense Adjustments$74,617
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$25,000$25,000→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$95,475
Unredeemed Gift Certificates$12,722
Lease - Security Deposit$500
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 11B

The accounting firm forwarded form 990 to the general manager. The general manager reviewed the return and forwarded form 990 to the board members prior to filing. The treasurer or the accounting firm addressed the questions board members had before submitting form 990 to the irs.

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
President
Phone
5108455373
Signed
2019-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Muscarella
Formed
2002
Legal Domicile
CA
Voting Board Members
19
Independent Board Members
18
Employees
103
Volunteers
18

Preparer

Firm
Hood & Strong Llp
Address
275 BATTERY ST STE 900, SAN FRANCISCO, CA 94111
Preparer
Jacob Yau
Phone
4157810793
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Janitorial services: program service expenses 10,516. Management and general expenses 50. Fundraising expenses 0. Total expenses 10,566. Payroll services: program service expenses 0. Management and general expenses 6,038. Fundraising expenses 0. Total expenses 6,038. Instructors: program service expenses 274,911. Management and general expenses 0. Fundraising expenses 0. Total expenses 274,911. Artistic personnel: program service expenses 155,086. Management and general expenses 0. Fundraising expenses 1,900. Total expenses 156,986. Recruiting services: program service expenses 25,243. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,243. Design, administrative, and others: program service expenses 14,311. Management and general expenses 41,835. Fundraising expenses 29,084. Total expenses 85,230.

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, 2018, 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 -74,617.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Cost of goods sold reclassified to revenue -46,221. Rental expenses reclassified to revenue -4,902.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold reclassified to revenue 46,221. Rental expenses reclassified to revenue 4,902. Unrealized losses included in expenses 333.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Scholarship expenses reclassified to expenses 74,617.

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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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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