Arts, Culture, Humanities : Performing Arts

Herbie Hancock Institute of Jazz

Expanding jazz as a global art form

four stars

91.45

5225 Wisconsin Avenue NW Suite 605
Washington, DC 20015
tel: (202) 364-7272   Web Site
EIN: 52-1544030

Board Leadership
Herbie Hancock
Chairman

CEO
Thomas R. Carter
President

  Score
(out of 100)
Rating
Overall Score & Rating 91.45 four stars
  Financial 95.00 four stars
  Accountability & Transparency 89.00 three stars
This rating was published 08/01/2019 and includes data from FY2017, the most recent 990 received at that time.

The Herbie Hancock Institute of Jazz is a nonprofit education organization with a mission to offer the world's most promising young musicians college level training by internationally acclaimed jazz masters and to present public school music education programs for young people around the world. The Institute preserves, perpetuates and expands jazz as a global art form, and utilizes jazz as a means to unite people of all ages, backgrounds and nationalities. All of the Institute's programs are provided free of charge to students, schools and communities worldwide. The Institute's programs use jazz as the medium to encourage imaginative thinking, creativity, a positive self-image, and a respect for one's own and others' cultural heritage. Founded in 1986 as the Thelonious Monk Institute of Jazz, the organization began operating as the Herbie Hancock Institute of Jazz in January 2019.

The Herbie Hancock Institute of Jazz is a nonprofit education organization with a mission to offer the world's most promising young musicians college level training by internationally acclaimed jazz masters and to present public school music education programs for young people around the world. The Institute preserves, perpetuates and expands jazz as a global art form, and utilizes jazz as a means to unite people of all ages, backgrounds and nationalities. All of the Institute's programs are provided free of charge to students, schools and communities worldwide. The Institute's programs use jazz as the medium to encourage imaginative thinking, creativity, a positive self-image, and a respect for one's own and others' cultural heritage. Founded in 1986 as the Thelonious Monk Institute of Jazz, the organization began operating as the Herbie Hancock Institute of Jazz in January 2019.

Impact Information

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Financial

four stars

95.00

Accountability & Transparency

three stars

89.00

This rating was published 08/01/2019 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
91.6%
  Administrative Expenses 5.2%
  Fundraising Expenses 3.0%
  Fundraising Efficiency $0.03
  Working Capital Ratio (years) 0.35
  Program Expenses Growth 10.4%
  Liabilities to Assets 9.3%
All data for Financial Performance Metrics calculations was provided by Herbie Hancock Institute of Jazz on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Herbie Hancock Institute of Jazz on recent 990s filed with the IRS.
REVENUE  
Contributions  
   Contributions, Gifts & Grants $3,813,482
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $340,000
Total Contributions $4,153,482
   Program Service Revenue $0
Total Primary Revenue $4,153,482
   Other Revenue $13,319
TOTAL REVENUE $4,166,801
   
EXPENSES  
   Program Expenses $3,993,138
   Administrative Expenses $243,680
   Fundraising Expenses $93,258
TOTAL FUNCTIONAL EXPENSES $4,330,076
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-163,275
   
Net Assets $1,808,294

Charts

Compensation % of Expenses Paid to Title
$300,000 6.92% Thomas Carter President

Mission

The Herbie Hancock Institute of Jazz is a nonprofit education organization with a mission to offer the world's most promising young musicians college level training by internationally acclaimed jazz masters and to present public school music education programs for young people around the world. The Institute preserves, perpetuates and expands jazz as a global art form, and utilizes jazz as a means to unite people of all ages, backgrounds and nationalities. All of the Institute's programs are provided free of charge to students, schools and communities worldwide. The Institute's programs use jazz as the medium to encourage imaginative thinking, creativity, a positive self-image, and a respect for one's own and others' cultural heritage. Founded in 1986 as the Thelonious Monk Institute of Jazz, the organization began operating as the Herbie Hancock Institute of Jazz in January 2019.

Highly Rated

Charity Name & State Overall Score Overall Rating
Herbie Hancock Institute of Jazz (DC) 91.45 four stars
OPERA America (NY) 90.34 four stars
America-Israel Cultural Foundation (NY) 86.64 three stars
The Actors Fund (NY) 92.52 four stars
Byrd Hoffman Water Mill Foundation (NY) 89.85 three stars

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Charity Contact Info

Herbie Hancock Institute of Jazz
5225 Wisconsin Avenue NW
Suite 605
Washington, DC 20015
tel: (202) 364-7272
fax: (202) 364-0176
EIN: 52-1544030

Visit Web Site

Board Leadership

Herbie Hancock
Chairman

CEO

Thomas R. Carter
President