Generations in Jazz Foundation EIN 56-2290822

Generations in Jazz Foundation

EIN  56-2290822 Public charity (501(c)(3)) Lafayette, CA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Fosters community music programs and activities.
Leadership
Money in and out
$283K revenue, $315K expenses
Bottom line
94% program efficiency

Fosters community music programs and activities. For fiscal year 2024 it reported $283K in revenue, $315K in expenses, and $241K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$283K
Pt VIII · Ln 12
Total expenses
$315K
Pt IX · Ln 25
Net assets
$241K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$31K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
8.7mo
months of highly liquid reserves at operating expense rate▼ -30% vs prior filing year
Surplus margin
-11%
revenue over expenses, this year▼ -179% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$283K
FY2024▼ -11%
Expenses
$315K
FY2024▲ +15%
Total assets
$242K
FY2024▼ -21%
Total liabilities
$988
FY2024▼ -97%
Total revenue
$283K
Pt VIII · Ln 12
Total expenses
$315K
Pt IX · Ln 25
Net assets
$241K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$31K
Total assetsPt X · Ln 16$242K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $297K of program spending, described in the organization's own filed words · FY2024.
01

Provided music education and working sessions in learning and playing big band music in a performance setting.

$297Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGenerations in Jazz Foundation
EINHdr · item D56-2290822
Principal addressHdr · item CLafayette, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A68)
Ruling yearIRS BMFJul 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
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
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President & CEO
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$182K · 64%
Program service revenue$101K · 36%
Contributions & grants64%$182K
Program service revenue36%$101K
Total revenueLn 12$283K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$297K
Management & general6%$18K
Total functional expensesLn 25$315K

Balance Sheet

Part X · end of year
CashLn 1$227K
Total assetsLn 16$242K
Total liabilitiesLn 26$988
Total net assetsLn 32$241K
Months of cash on handcomputed8.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $227K · Operating expenses/yr $315K
8.7 months
Where the money goes
Program services
Program services $297K · Total expenses $315K
94%
Management & General
Management & general $18K · Total expenses $315K
6%
Fundraising
Fundraising $0 · Total expenses $315K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $175K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $182K · Total revenue $283K
64%
Government reliance
Government grants — · Total revenue $283K
Earned-income share
Program service revenue $101K · Total revenue $283K
36%
Investment reliance
Investment income $0 · Total revenue $283K
0%
Program self-sufficiency
Program service revenue $101K · Total expenses $315K
32%
Growth & trend
Revenue growth (YoY)
This year $283K · Prior year $319K
-11%
Revenue CAGR
FY2020 $161K · FY2024 $283K
+15%
Net-asset trend (YoY)
End of year $241K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $283K · Expenses $315K
-11%
Liabilities-to-Assets
Total liabilities — · Total assets $242K
Net-asset ratio
Net assets $241K · Total assets $242K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $242K
0%
People & payroll
Highest Reported Total Compensation
Individual Valerie Northrup Horowitz · Reported title Director · Highest reported compensation $0 · Total expenses $315K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $315K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Fundraising cost ratio 0%
Revenue growth -11%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 4%
Fundraising fee ratio 0%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$10K

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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)$283K revenue · viewing · ⤓ 990 PDF
FY2023$319K revenue · ⤓ 990 PDF
FY2022$234K revenue · ⤓ 990 PDF
FY2021$196K revenue · ⤓ 990 PDF
FY2020$161K 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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