Jazz Arts Project INC EIN 20-4767964 Form 990 (PDF) Claim this org

Jazz Arts Project INC

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Preserves and promotes jazz through performances, education, advocacy, and nurturing young talent. For fiscal year 2024 it reported $221K in revenue, $250K in expenses, and $49K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Red Bank, NJ
Website
www.jazzartsproject.org
Filings
5 on file (2020–2024)
Revenue
$221KFY2024
Expenses
$250K
Net assets
$49K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-4767964 Public charity (501(c)(3)) Red Bank, NJ
Form 990 (PDF)
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Size
$100K–1M
What they do
Preserves and promotes jazz through performances, education, advocacy, and nurturing young talent.
Leadership
Dan Dasaro · President/Treasurer
Money in and out
$221K revenue, $250K expenses
Bottom line
77% program efficiency
Where the money goes · FY2024
Total revenue
$221K
Pt VIII · Ln 12
Total expenses
$250K
Pt IX · Ln 25
Net assets
$49K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$29K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.23
Program efficiency
77%
of spending reaches programs
Operating runway
2.0mo
months of highly liquid reserves at operating expense rate▼ -52% vs prior filing year
Surplus margin
-13%
revenue over expenses, this year▼ -532% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$221K
FY2024▲ +25%
Total revenue
$221K
Pt VIII · Ln 12
Total expenses
$250K
Pt IX · Ln 25
Net assets
$49K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$29K
Total assetsPt X · Ln 16$52K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CJazz Arts Project INC
EINHdr · item D20-4767964
Principal addressHdr · item CRed Bank, NJ
WebsiteHdr · item Jwww.jazzartsproject.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A68)
Ruling yearIRS BMFMar 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

2 program services account for $191K of program spending, described in the organization's own filed words · FY2024.
01

In 2024, jazz arts project provided year-round classes for over 100 high school-level musicians, focusing on the art of jazz. Our educational initiatives aimed to cultivate talent and foster a deep appreciation for jazz music among the youth in our community.

$186Kprogram expense
02

Annual jazz concert promoting & perpetuating the american musical art form known as jazz including showcasing performers from the jazz arts academy presented by the jazz arts project.

$5Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$148K · 67%
Program service revenue$73K · 33%
Contributions & grants67%$148K
Program service revenue33%$73K
Investment income$2
— government grantsLn 1e$47K
Total revenueLn 12$221K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.23
Program services77%$191K
Management & general23%$58K
Total functional expensesLn 25$250K

Balance Sheet

Part X · end of year
CashLn 1$42K
Total assetsLn 16$52K
Total liabilitiesLn 26$3K
Total net assetsLn 32$49K
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $42K · Operating expenses/yr $250K
2.0 months
Where the money goes
Program services
Program services $191K · Total expenses $250K
77%
Management & General
Management & general $58K · Total expenses $250K
23%
Fundraising
Fundraising $0 · Total expenses $250K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $101K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $148K · Total revenue $221K
67%
Government reliance
Government grants $47K · Total revenue $221K
21%
Earned-income share
Program service revenue $73K · Total revenue $221K
33%
Investment reliance
Investment income $2 · Total revenue $221K
<0.01%
Program self-sufficiency
Program service revenue $73K · Total expenses $250K
29%
Growth & trend
Revenue growth (YoY)
This year $221K · Prior year $177K
+25%
Revenue CAGR
FY2020 $47K · FY2024 $221K
+47%
Net-asset trend (YoY)
End of year $49K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $221K · Expenses $250K
-13%
Liabilities-to-Assets
Total liabilities — · Total assets $52K
Net-asset ratio
Net assets $49K · Total assets $52K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $52K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dan Dasaro · Reported title PRESIDENT/TREASURER · Highest reported compensation $0 · Total expenses $250K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $250K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 23%
Fundraising cost ratio 0%
Revenue growth 25%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 1 grant · $21K · 2024–2024
Unitemized GrantFY2024$21,375

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$221K revenue · viewing · ⤓ 990 PDF
FY2023$177K revenue · ⤓ 990 PDF
FY2022$191K revenue · ⤓ 990 PDF
FY2021$100K revenue · ⤓ 990 PDF
FY2020$47K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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