Civic Intelligence

The Jazz Loft Inc.

990 • Fiscal year 2017 • EIN 47-2447200

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 08, 2018

PO Box 547Stony Brook, NY 11790

(631) 751-1895

Siviq Scores

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

Liabilities / Assets

87th percentile

0.58x

Higher debt load relative to assets than 87% of similar nonprofits.

2017 filings • NTEE A68 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

89th percentile

0.23x

Higher debt load relative to revenue than 89% of similar nonprofits.

2017 filings • NTEE A68 • <$500k nonprofits • Source year 2017

Net Margin

59th percentile

8.5%

Higher net margin than 59% of similar nonprofits.

2017 filings • NTEE A68 • <$500k nonprofits • Source year 2017

Top Officer Pay

83rd percentile

$12,200

Higher top officer pay than 83% of similar nonprofits.

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

2017 filings • NTEE A68 • <$500k nonprofits • Source year 2017

Asset Growth

93rd percentile

255%

Faster asset growth than 93% of similar nonprofits.

2017 filings • NTEE A68 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

91st percentile

94%

Faster revenue growth than 91% of similar nonprofits.

2017 filings • NTEE A68 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$90,298

Up $64,838 (+255%) from 2016

Net Assets

$38,298

No earlier filing loaded for comparison.

Liabilities

Up

$52,000

Up $4,000 (+8.3%) from 2016

Revenue

Up

$230,355

Up $111,416 (+94%) from 2016

Expenses

Up

$210,683

Up $107,858 (+105%) from 2016

Net Income

Up

$19,672

Up $3,558 (+22%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2014: $0Liabilities 2014: $02014Assets 2015: $1Liabilities 2015: $02015Assets 2016: $25,460Liabilities 2016: $48,0002016Assets 2017: $90,298Liabilities 2017: $52,000Net Assets 2017: $38,2982017Assets 2018: $109,721Liabilities 2018: $46,000Net Assets 2018: $63,7212018Assets 2019: $135,531Liabilities 2019: $45,634Net Assets 2019: $89,8972019Assets 2020: $257,967Liabilities 2020: $58,883Net Assets 2020: $199,0842020Assets 2021: $452,103Liabilities 2021: $55,537Net Assets 2021: $396,5662021Assets 2022: $530,496Liabilities 2022: $41,309Net Assets 2022: $489,1872022Assets 2023: $685,569Liabilities 2023: $44,367Net Assets 2023: $641,2022023Assets 2024: $867,659Liabilities 2024: $32,288Net Assets 2024: $835,3712024

Highlighted filing

2017

Assets$90,298
Liabilities$52,000
Net Assets$38,298

Operations Trend

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

$1.0M$500K$0Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $118,939Expenses 2016: $102,825Net Income 2016: $16,1142016Revenue 2017: $230,355Expenses 2017: $210,683Net Income 2017: $19,6722017Revenue 2018: $289,580Expenses 2018: $264,157Net Income 2018: $25,4232018Revenue 2019: $386,733Expenses 2019: $360,554Net Income 2019: $26,1792019Revenue 2020: $287,273Expenses 2020: $178,086Net Income 2020: $109,1872020Revenue 2021: $476,922Expenses 2021: $279,440Net Income 2021: $197,4822021Revenue 2022: $586,477Expenses 2022: $493,856Net Income 2022: $92,6212022Revenue 2023: $739,302Expenses 2023: $587,287Net Income 2023: $152,0152023Revenue 2024: $924,910Expenses 2024: $730,741Net Income 2024: $194,1692024

Highlighted filing

2017

Revenue$230,355
Expenses$210,683
Net Income$19,672
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 8, 2018
Return Version
2017v2.3
Gross Receipts
$230,355
Mission and Program Overview

Mission

The mission of the jazz loft is to entertain, enrich and expand a globlal community for jazz through performance, education and advocacy in the sprit of swing. The jazz loft is dedicated to a solid yet evolving vision and toward embracing characteristics and practices which secure its sustainability for the future. The jazz loft unites this dynamic, american-born music with future generations through performance, education, preservation and advocacy.

The mission of the jazz loft is to entertain, enrich and expand a global community for jazz through performance, education and advocacy in the spirit of swing. The jazz loft is dedicated to a solid yet evolving vision and toward embracing characteristics and practices which secure its sustainability for the future. The jazz loft unites this dynamic, american-born music with future generations through performance, education, preservation and advocacy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$69,023$80,460▲ $11,437
Cash and Non-Interest-Bearing Accounts$6,437$9,838▲ $3,401
Total Assets$75,460$90,298▲ $14,838
Liabilities
Mortgage Notes Payable Secured by Investment Property$58,000$52,000▼ $6,000
Total Liabilities$58,000$52,000▼ $6,000
Net Assets / Fund Balance
Unrestricted Net Assets$17,460$38,298▲ $20,838
Total Net Assets Fund Balance$17,460$38,298▲ $20,838
Total Liabilities and Net Assets / Fund Balance$75,460$90,298▲ $14,838

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$54,823$4,287$59,110
Equipment$25,637$5,192$30,829
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Thomas ManuelPresidentFT$12,200$12,200
Ray AndersonVice Preside-$3,800$3,800

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$91,133
Program Service Revenue
$139,222
Investment Income
$0
Other Revenue
$0
All Other Contributions
$91,133
Change in Net Assets
$19,672
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$193,233
Salaries, Compensation, and Employee Benefits$16,000
Grants and Similar Amounts Paid$1,450
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$100,381--$100,381
Current Officers, Directors, Trustees, and Key Employees$16,000--$16,000
All Other Expenses$13,576$1,538-$15,114
Depreciation Depletion$6,958--$6,958
Other Expenses$6,525--$6,525
Travel$6,135--$6,135
Insurance$4,900--$4,900
Fees for Services Management-$4,230-$4,230
Information Technology$4,127--$4,127
Office Expenses$1,580$703-$2,283
Advertising$1,981--$1,981
Grants to Domestic Orgs$1,200--$1,200
Grants to Domestic Individuals$250--$250
Total Functional Expenses$204,212$6,471$0$210,683
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
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, Page 6, Part VI, Line 11B

A copy of form 990 was provided via email or paper copy to the trustees prior to electronic filing of the return.

Form 990, Page 6, Part VI, Line 19

Copies of previously filed form 990 can be obtained by the general public using the websites hosted by non-profit guidestar at https://www.guidestar.org or the charities bureau of the nys attorney general's office at https://www.charitiesnys.com. Copies of the organization's tax return will also be made available upon request from the organization.

Form 990, Part VII

Vice-president ray anderson receives occasional payment as a performer at the jazz loft.

Filing and Contact Details

Filer

Filer Name
The Jazz Loft Inc
EIN
47-2447200
Phone
6317511895
Address
PO BOX 547, STONY BROOK, NY 11790

Signing Officer

Name
Thomas Manuel
Title
President
Phone
6317511895
Signed
2018-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Manuel
Formed
2014
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Janet Fernandez CPA Pc
Address
PO BOX 17, WESTHAMPTON BEACH, NY 11978
Preparer
Janet Fernandez
Phone
5163181435
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the jazz loft is to entertain, enrich and expand a global community for jazz through performance, education and advocacy in the spirit of swing. The jazz loft is dedicated to a solid yet evolving vision and toward embracing characteristics and practices which secure its sustainability for the future. The jazz loft unites this dynamic, american-born music with future generations through performance, education, preservation and advocacy.

Form 990, Page 2, Part III, Line 4A

And community leaders. The jazz lofts final mission point is that of preservation which is alive and well and on view 24/7 in our 6,000 square feet of original jazz memorabilia spanning 100 years of the american born art form celebrating not only the music, but art and photography as well throughout our many galleries.

Form 990, Page 2, Part III, Line 4D

To continue to present a museum, performance and research center which entertains, enriches and expands a long island community as well as a global community for jazz through performance, preservation, education and advocacy. The jazz loft celebrates the american born art form called jazz and its metaphor for democracy.

Form 990, Part IX, Line 11G

Performers 98,558 0 0 intern 1,823 0 0 total 100,381 0 0

Form 990, Part XI, Line 9

Book / tax depreciation difference 1,166

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IRS990/RevenueAmt0230354
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0PROGRAM REVENUE 98,099
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt020840
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0139222
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt098099
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0237321
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt091133
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt020840
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0111973
IRS990ScheduleA/TotalSupportAmt0349294
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt05192
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt030829
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt054823
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04287
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt059110
IRS990ScheduleD/TotalBookValueLandBuildingsAmt080460
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE JAZZ LOFT IS TO ENTERTAIN, ENRICH AND EXPAND A GLOBAL COMMUNITY FOR JAZZ THROUGH PERFORMANCE, EDUCATION AND ADVOCACY IN THE SPIRIT OF SWING. THE JAZZ LOFT IS DEDICATED TO A SOLID YET EVOLVING VISION AND TOWARD EMBRACING CHARACTERISTICS AND PRACTICES WHICH SECURE ITS SUSTAINABILITY FOR THE FUTURE. THE JAZZ LOFT UNITES THIS DYNAMIC, AMERICAN-BORN MUSIC WITH FUTURE GENERATIONS THROUGH PERFORMANCE, EDUCATION, PRESERVATION AND ADVOCACY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AND COMMUNITY LEADERS. THE JAZZ LOFTS FINAL MISSION POINT IS THAT OF PRESERVATION WHICH IS ALIVE AND WELL AND ON VIEW 24/7 IN OUR 6,000 SQUARE FEET OF ORIGINAL JAZZ MEMORABILIA SPANNING 100 YEARS OF THE AMERICAN BORN ART FORM CELEBRATING NOT ONLY THE MUSIC, BUT ART AND PHOTOGRAPHY AS WELL THROUGHOUT OUR MANY GALLERIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO CONTINUE TO PRESENT A MUSEUM, PERFORMANCE AND RESEARCH CENTER WHICH ENTERTAINS, ENRICHES AND EXPANDS A LONG ISLAND COMMUNITY AS WELL AS A GLOBAL COMMUNITY FOR JAZZ THROUGH PERFORMANCE, PRESERVATION, EDUCATION AND ADVOCACY. THE JAZZ LOFT CELEBRATES THE AMERICAN BORN ART FORM CALLED JAZZ AND ITS METAPHOR FOR DEMOCRACY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF FORM 990 WAS PROVIDED VIA EMAIL OR PAPER COPY TO THE TRUSTEES PRIOR TO ELECTRONIC FILING OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COPIES OF PREVIOUSLY FILED FORM 990 CAN BE OBTAINED BY THE GENERAL PUBLIC USING THE WEBSITES HOSTED BY NON-PROFIT GUIDESTAR AT HTTPS://WWW.GUIDESTAR.ORG OR THE CHARITIES BUREAU OF THE NYS ATTORNEY GENERAL'S OFFICE AT HTTPS://WWW.CHARITIESNYS.COM. COPIES OF THE ORGANIZATION'S TAX RETURN WILL ALSO BE MADE AVAILABLE UPON REQUEST FROM THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5VICE-PRESIDENT RAY ANDERSON RECEIVES OCCASIONAL PAYMENT AS A PERFORMER AT THE JAZZ LOFT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PERFORMERS 98,558 0 0 INTERN 1,823 0 0 TOTAL 100,381 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BOOK / TAX DEPRECIATION DIFFERENCE 1,166
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
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IRS990/TotalRevenueGrp/ExclusionAmt0139222
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IRS990/TravelGrp/ProgramServicesAmt06135
IRS990/TravelGrp/TotalAmt06135
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IRS990/USAddress/CityNm0STONY BROOK
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IRS990/VotingMembersIndependentCnt09
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ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS MANUEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06317511895
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE JAZZ LOFT INC
ReturnHeader/Filer/BusinessNameControlTxt0JAZZ
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ReturnHeader/Filer/PhoneNum06317511895
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ReturnHeader/Filer/USAddress/CityNm0STONY BROOK
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F49EA9D9BDAE4C9657ED3105FF771BA0A328CFF8
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.190.190.11
ReturnHeader/FilingSecurityInformation/IPDt02018-11-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm015:08:44
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0262079553
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JANET FERNANDEZ CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 17
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WESTHAMPTON BEACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011978
ReturnHeader/PreparerPersonGrp/PhoneNum05163181435
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JANET FERNANDEZ
ReturnHeader/ReturnTs02018-11-09T16:08:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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