Update of Jazz Club Affairs

Coconut Telegraph

The full cost of the jazz festival as planned was $201,124. This includes everything: musicians, venues, vendor services, materials, and supplies for the festival events as planned. Nearly all these expenses except musician salaries were prepaid by contract prior to the start of the festival. With the shutdown of the festival, an aggressive effort was made to renegotiate all costs. This generated a savings of $57,740, resulting in a final festival cost of $143,384. A total of $74,443 was raised in grants and sponsorships. Leaving a balance needed to cover costs of $68,941. A total of $92,039 was raised in ticket sales, with an estimate of a loss of $30,000 in additional ticket sales as concerns about the virus grew. Since last week 47% of the ticket buyers have responded to the 4 Refund Options that were offered: Option 1 Donate Tickets, Option 2 New Memberships, Option 3 Credit for 2021 Festival, Option 4 Full Refund Request. If the remainder of the refund requests follows this pattern, the Jazz Club will fall short of meeting all of its obligations by about $33,500. The Jazz Club is asking all patrons requesting a refund to file a refund request by Friday, April 3. This is the deadline for submitting a refund request. To know where the balance and options stand, this deadline is necessary to encourage ticket buyers to respond to the Survey ASAP. No refund request will be honored after April 3, 2020.

Submit refund request(s) here. Please do not resubmit a previously submitted request.

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