Jazz Institute of Chicago

EIN: 362668093 501(c)(3) Arts, Culture & Humanities

Chicago, IL

Total Revenue
$1,122,066
Total Expenses
$977,634
Total Assets
$693,428
Net Assets
$376,201
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
IL
Principal Officer
Heather Robinson
Phone
3124271676
Tax Period
2023-01-01 to 2023-12-31

Jazz Institute of Chicago, founded in 1969, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $978K left a modest 13% surplus.

Mission

To preserve and perpetuate jazz music performance, education and culture in all its forms

Program Service Accomplishments

Program 1
Expenses: $392,350

Jazz Fest -Public and school performances of jazz music

Program 2
Expenses: $39,311

Jazz City-a program to bring music instruction, mentoring and workshops to Chicago Public School students. History of the music, how to listen, development of jazz vocabulary for young learners

Program 3
Expenses: $56,785

Education programs

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $981,392
Program Service Revenue $61,892
Investment Income $3,554
Other Revenue $75,228
TOTAL REVENUE $1,122,066

Expense Breakdown

Grants Paid $1,378
Salaries & Benefits $293,235
Fundraising Expenses $0
Program Expenses $521,930
Other Expenses $683,021
TOTAL EXPENSES $977,634

Year-over-Year Comparison

2023 2022 Change
Revenue $1,122,066 $740,327 +0.5%
Expenses $977,634 $758,343 +0.3%
Net Income $144,432 $-18,016 -9.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
6
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$96,000
Total Directors
20
$96,000
Key Employees
1
$96,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Heather Robinson Exec director 040.00
Officer Director Key Emp Highest
$96,000 $0 $96,000
Timuel Black Vice President 001.00
Officer Director
$0 $0 $0
David Bloomberg Director 001.00
Director
$0 $0 $0
Moguel Dela Cerna Director 001.00
Director
$0 $0 $0
Warren Chapman Vice President 001.00
Officer Director
$0 $0 $0
Daniel Epstein Director 001.00
Director
$0 $0 $0
Roxana Espoz Vice President 001.00
Officer Director
$0 $0 $0
Rajiv Halim Director 001.00
Director
$0 $0 $0
Jarrard Harris Director 001.00
Director
$0 $0 $0
David Helverson President 001.00
Officer Director
$0 $0 $0
Bill King Director 001.00
Director
$0 $0 $0
JaredKoransky Director 001.00
Director
$0 $0 $0
Howard Mandel Secretary 001.00
Officer Director
$0 $0 $0
Terry Martin Director 001.00
Director
$0 $0 $0
Brian Myerholtz Vice President 001.00
Officer Director
$0 $0 $0
William Norris Vice President 001.00
Officer Director
$0 $0 $0
Ted Openheimer Director 001.00
Director
$0 $0 $0
Bethany Pickens Director 001.00
Director
$0 $0 $0
Keyonn Pope Director 001.00
Director
$0 $0 $0
Mike Reed Director 001.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $1,122,066 $977,634 $693,428 $144,432
2022 $598,412 $728,452 $800,705 $-130,040
2022 $740,327 $758,343 $786,366 $-18,016
2021 $960,346 $747,691 $1,019,480 $212,655
2020 $409,122 $501,671 $449,288 $-92,549
2019 $829,160 $740,605 $488,190 $88,555
2018 $819,796 $850,754 $364,136 $-30,958
2017 $688,518 $881,642 $342,306 $-193,124
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