Highlights

The Jazzbird Foundation, a Scottsdale-based private foundation, spent $81,483 more than it collected in tax year 2023, the third consecutive year in which expenses exceeded revenue, according to IRS Form 990 data published by ProPublica Nonprofit Explorer.

The foundation reported $1,744,628 in revenue and $1,826,111 in expenses for TY2023. Assets stood at $279,580 at year-end, down from $361,063 in TY2022 and $371,107 in TY2021. Officer compensation was reported as $0 in all three years.

The deficit pattern has persisted even as revenue has grown modestly. In TY2021, the foundation took in $1,611,890 against $1,829,868 in expenses, a gap of roughly $218,000. By TY2022, revenue had risen to $1,794,589 while expenses narrowed to $1,802,817, a deficit of about $8,200. The TY2023 gap widened again to $81,483.

The consecutive deficits have drawn down the foundation's asset base by roughly $91,500 over the two-year span from TY2021 to TY2023. No liabilities data is included in the structured extract.

What does the asset decline mean for the foundation's grant-making?

A private foundation's asset base is the pool from which future grant disbursements are funded. Three years of expenses exceeding revenue compresses that pool. At the TY2023 asset level of $279,580, the foundation's financial cushion is materially thinner than it was two years prior.

The TY2023 filing carries a submission date of Jan. 1, 2024, per the ProPublica record. The Signal will continue monitoring subsequent filings.

Sources

Every factual claim in this article traces to one of the sources below. See how we work for the editorial process.

  1. ProPublica Nonprofit Explorer retrieved 14/08/2026 15:45

Authored by The Scottsdale Signal. Drafted by AI from primary-source material under our beat-specific editorial guides; reviewed by humans before publish under our five-gate process. Sources retrieved at 14/08/2026 15:45. Every claim traces to a source.