THE JAZZ LOFT INC

EIN: 472447200 501(c)(3) Arts, Culture & Humanities

STONY BROOK, NY

Total Revenue
$739,302
Total Expenses
$587,287
Total Assets
$685,569
Net Assets
$641,202
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NY
Principal Officer
THOMAS MANUEL
Phone
6317511895
Tax Period
2023-01-01 to 2023-12-31

THE JAZZ LOFT INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $739K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $152K, a strong 21% operating margin.

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.

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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 $364,630
Program Service Revenue $341,020
Investment Income $5,553
Other Revenue $28,099
TOTAL REVENUE $739,302

Expense Breakdown

Grants Paid $8,716
Salaries & Benefits $119,927
Fundraising Expenses $18,365
Program Expenses $534,145
Other Expenses $458,644
TOTAL EXPENSES $587,287

Year-over-Year Comparison

2023 2022 Change
Revenue $739,302 $586,477 +0.3%
Expenses $587,287 $493,856 +0.2%
Net Income $152,015 $92,621 +0.6%
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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
1
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
3
$103,357
Total Directors
13
$109,057
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS MANUEL President 50.00
Officer Director
$100,232 $0 $100,232
LAURA LANDOR Trustee 9.00
Director
$4,250 $0 $4,250
RAY ANDERSON Vice President 3.00
Officer Director
$3,125 $0 $3,125
DARREL SMITH Trustee 9.00
Director
$1,450 $0 $1,450
KATHERINE BUTKEVICH Treasurer 3.00
Officer Director
$0 $0 $0
ROBERT TAYLOR Trustee 5.00
Director
$0 $0 $0
LAURA VOGELSBERG Trustee 9.00
Director
$0 $0 $0
JEAN PRYSOCK Trustee 3.00
Director
$0 $0 $0
MICHAEL ARDELINO Trustee 3.00
Director
$0 $0 $0
STEWART MANDELL Trustee 3.00
Director
$0 $0 $0
CHRIS PARADYSZ Trustee 3.00
Director
$0 $0 $0
OLIVER NELSON JR Trustee 3.00
Director
$0 $0 $0
CYNTHIA WONG-LIPPE Trustee 3.00
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
2024 No data No data No data No data
2023 $739,302 $587,287 $685,569 $152,015
2022 $586,477 $493,856 $530,496 $92,621
2021 $476,922 $279,440 $452,103 $197,482
2020 $287,273 $178,086 $257,967 $109,187
2019 $386,733 $360,554 $135,531 $26,179
2018 $289,580 $264,157 $109,721 $25,423
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