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Florida Smooth Jazz Foundation INC

Tax-deductible

Daytona Beach, FL501(c)(3)Arts & Culture EIN 56-2517811Revenue $3.3M in FY2024

On file with the IRSPo Box 11116, 32120-1116 · Daytona Beach, FLTax-exempt since Mar 2006Publicly supported — 509(a)(2)

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The Foundation is organized and operated exclusively for charitable and education purposes by promoting and producing music events for the greater good of the community.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $396K a year · 22% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $95
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$74K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.3M
+9% vs prior year
Spent
$2.7M
To programs
99%
Net assets
$2.1M
By yearFY2020–FY2024
Revenue
$3.3M
FY2024▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$361K
FY2021$807K
FY2022$1.6M
FY2023$3.0M
FY2024$3.3M
Expenses
$2.7M
FY2024▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$96K
FY2021$755K
FY2022$1.3M
FY2023$2.1M
FY2024$2.7M
Net assets
$2.1M
FY2024▲ +33%
Tap a bar for its year
Net assets by fiscal year
FY2020$372K
FY2021$423K
FY2022$709K
FY2023$1.6M
FY2024$2.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $2.7M Management & general 1% · $21K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Mark Powers
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Florida Smooth Jazz Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes and produces music events for community good.

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Provided by the organization

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1 program · $2.7M · in their own filed words · FY2024
01

We were the sole producers of 4 events in daytona beach, altamonte springs, and orlando, and the co-producer of clearwater smooth jazz jam at ruth eckerd hall.

$2.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Amazonsmile FoundationFY2023$95
Total grants receivedfrom 1 funder$95
Grants paid · 11 grants · $140K · 2022–2024
Clearwater Jazz Holiday Foundation INCFL · FY2024$25,000
The Marcus Anderson FoundationNC · FY2024$20,000
Individual RecipientFY2024$20,000
Closing the Gap in HealthFY2024$10,000
Marshall UniversityFY2024$7,500
Daytona State College Foundation INCFL · FY2024$7,500
Individual RecipientFY2023$10,000
Daytona State College Foundation INCFL · FY2023$10,000
Individual RecipientFY2023$7,000
Daytona State College Foundation INCFL · FY2022$12,500
Individual RecipientFY2022$10,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.3M
Ln 12
Fees for servicesLn 2g$3.1M
Investment incomeLn 3$143K
Money outPt IX
$2.7M
Ln 25
Programscol B$2.7M
Managementcol C$21K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$2.2M
LiabilitiesLn 26$74K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$3.1M
Investment incomeLn 3$143K
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
CashLn 1$2.2M
Cash and savings togetherLn 1–2$2.2M
Total assetsLn 16$2.2M
LiabilitiesLn 26$74K
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.7M$2.2M
Total assetsLn 16$1.7M$2.2M
LiabilitiesLn 26$102K$74K
Net assetsLn 32$1.6M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$100K$100K
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$12K$12K
Office expensesLn 13$2K$2K
TravelLn 17$37K$37K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$2.6M$2.6M$13K
All other expensesLn 24e$3K$1K$2K
Total functional expensesLn 25$2.7M$2.7M$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.3M$2.7M$521K$2.1M 990 PDF
FY2023 $3.0M$2.1M$857K$1.6M 990 PDF
FY2022 $1.6M$1.3M$285K$709K 990 PDF
FY2021 $807K$755K$52K$423K 990 PDF
FY2020 $361K$96K$265K$372K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $3,253,275 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $2,912,358$3,109,877
I-10 Investment incomePrior year $65,042$143,398
I-11 Other revenue$0
I-12 Total revenuePrior year $2,977,400$3,253,275
I-13 Grants and similar amounts paidPrior year $34,500$100,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,085,619$2,632,445
I-18 Total expensesPrior year $2,120,119$2,732,445
I-19 Revenue less expensesPrior year $857,281$520,830
Part VI · Governance 3 of 3 board members independent, 5 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $3,253,275 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,109,877$3,109,877
VIII-3 Investment incomeRelated to mission $143,398$143,398
VIII-12 Total revenueRelated to mission $3,253,275$3,253,275
Part IX · Statement of functional expenses $2,732,445 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $100,000$100,000
IX-11c Accounting feesManagement $3,488$3,488
IX-12 Advertising and promotionPrograms $11,553$11,553
IX-13 Office expensesManagement $2,078$2,078
IX-17 TravelPrograms $36,862$36,862
IX-23 InsurancePrograms $3,262$3,262
IX-24 Other expenses (24a–d)Programs $2,558,379 · Management $13,345$2,571,724
IX-24e All other expensesPrograms $1,406 · Management $2,072$3,478
IX-25 Total functional expensesPrograms $2,711,462 · Management $20,983 · Fundraising $0$2,732,445
Part X · Balance sheet $2,160,506 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $1,667,838$2,160,506
X-16 Total assetsStart of year $1,667,838$2,160,506
X-25 Other liabilitiesStart of year $101,995$73,833
X-26 Total liabilitiesStart of year $101,995$73,833
X-32 Total net assets or fund balancesStart of year $1,565,843$2,086,673
X-33 Total liabilities and net assetsStart of year $1,667,838$2,160,506
Part XI · Reconciliation of net assets $2,086,673 net assets at year end
XI-1 Total revenue$3,253,275
XI-2 Total expenses$2,732,445
XI-3 Revenue less expenses$520,830
XI-4 Net assets at start of year$1,565,843
XI-10 Net assets at end of year$2,086,673

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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