CAPE MAY JAZZ FESTIVAL FOUNDATION INC

EIN: 845054452 501(c)(3)

CAPE MAY, NJ

Total Revenue
$470,200
Total Expenses
$477,995
Total Assets
$14,582
Net Assets
$-23,519
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
NJ
Principal Officer
MICHAEL KLINE
Phone
7178778038
Tax Period
2024-07-01 to 2025-06-30

CAPE MAY JAZZ FESTIVAL FOUNDATION INC, founded in 2020, is a small nonprofit that reported $470K in total revenue in fiscal year 2024.

Mission

THE CAPE MAY JAZZ FESTIVAL FOUNDATION IS DEDICATED TO THE MISSION OF FOSTERING AN APPRECIATION FOR, CULTIVATING THE DISCOVERY OF, AND CELEBRATING AND EXPANDING THE LEGACY OF JAZZ, BLUES AND FOLK MUSIC THROUGH THE PRESENTATION OF FESTIVALS AND EDUCATIONAL AND CULTURAL INITIATIVES.

Program Service Accomplishments

Program 1
Expenses: $460,488 Revenue: $336,144

THE EXIT ZERO JAZZ FESTIVAL EDUCATIONAL INITIATIVES AIM TO BRING THE MUSIC FROM OUR STAGES INTO THE LIVES OF STUDENTS OF ALL AGES. THROUGH THE GENEROUS SUPPORT OF BUSINESSES AND GRANTS FROM CULTURAL...

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THE EXIT ZERO JAZZ FESTIVAL EDUCATIONAL INITIATIVES AIM TO BRING THE MUSIC FROM OUR STAGES INTO THE LIVES OF STUDENTS OF ALL AGES. THROUGH THE GENEROUS SUPPORT OF BUSINESSES AND GRANTS FROM CULTURAL ORGANIZATIONS, THE FESTIVAL PROVIDES STUDENTS WITH OPPORTUNITIES TO ATTEND FESTIVAL PERFORMANCES, PARTICIPATE IN ARTIST IN RESIDENCE SESSIONS THROUGH THEIR SCHOOL MUSIC PROGRAMS, ATTEND IN SCHOOL PERFORMANCES BY ACCLAIMED PERFORMERS, GAIN PRACTICAL HANDS ON EXPERIENCE IN ALL FACETS OF LIVE MUSIC AND FESTIVAL PRODUCTION, AND PERFORM ON THE FESTIVAL ITSELF AS A MEMBER OF THE EXIT ZERO JAZZ FESTIVAL STUDENT BIG BAND.

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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 (2024)

Revenue Breakdown

Contributions & Grants $134,054
Program Service Revenue $336,144
Investment Income $2
Other Revenue $0
TOTAL REVENUE $470,200

Expense Breakdown

Grants Paid $0
Salaries & Benefits $52,257
Fundraising Expenses $0
Program Expenses $460,488
Other Expenses $425,738
TOTAL EXPENSES $477,995

Year-over-Year Comparison

2024 2023 Change
Revenue $470,200 $473,622 0.0%
Expenses $477,995 $500,191 0.0%
Net Income $-7,795 $-26,569 -0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
20
Employees
1
Volunteers
100

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
6
$48,750
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ORRIN EVANS PRESIDENT 1.00
Officer Director
$0 $0 $0
GAIL BOYD VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JILL QUINN TREASURER (THRU 12/24) 1.00
Officer Director
$0 $0 $0
TRACY ROMANS TREASURER (EFF 1/25) 1.00
Officer Director
$0 $0 $0
DANIEL BELSKI SECRETARY 1.00
Officer Director
$0 $0 $0
ADONIS ROSE BOARD MEMBER 1.00
Director
$0 $0 $0
BERNADETTE MATTHEWS BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES LOMAX BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS MEES BOARD MEMBER 1.00
Director
$0 $0 $0
HENRY HUCLES BOARD MEMBER 1.00
Director
$0 $0 $0
JASON OLAINE BOARD MEMBER 1.00
Director
$0 $0 $0
JOE MONAGHAN BOARD MEMBER 1.00
Director
$0 $0 $0
JONATHAN KRAUS BOARD MEMBER 1.00
Director
$0 $0 $0
JOSHUA JACKSON BOARD MEMBER 1.00
Director
$0 $0 $0
LELAH EPPENBACH BOARD MEMBER 1.00
Director
$0 $0 $0
PETE BALDWIN BOARD MEMBER 1.00
Director
$0 $0 $0
RALPH DIPIETRO BOARD MEMBER 1.00
Director
$0 $0 $0
SARA LOMAX BOARD MEMBER 1.00
Director
$0 $0 $0
WENDY GUILES BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL KLINE EXECUTIVE DIRECTOR 40.00
Officer
$48,750 $0 $48,750
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 $470,200 $477,995 $14,582 $-7,795
2024 No data No data No data No data
2023 $234,766 $247,754 $10,845 $-12,988
2022 $461,966 $459,044 $23,833 $2,922
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