Pierre Monteux Memorial Foundation
- Assets
- $2.1m
- Revenue
- $541.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Hancock, ME
- Founding
- 02/1973
- Data as of
- 08/2022
- EIN
- 01-0279335
Organization Overview
Pierre Monteux Memorial Foundation is located in Hancock, ME. The organization was established in 1973. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2022, Pierre Monteux Memorial Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pierre Monteux Memorial Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, Pierre Monteux Memorial Foundation generated $541.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $398.8k during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE PIERRE MONTEUX MEMORIAL FOUNDATION IS TO TRAIN ASPIRING SYMPHONY CONDUCTORS AND ORCHESTRA MUSICIANS THROUGH AN INTENSIVE SUMMER PROGRAM DISTINGUISHED BY A UNIQUE TEACHING LEGACY, A WIDE AND VARIED REPERTOIRE, AND PUBLIC PERFORMANCES OF SYMPHONIC, CHAMBER AND CHILDREN'S CONCERTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO TRAIN ASPIRING SYMPHONY CONDUCTORS AND ORCHESTRA MUSICIANS THROUGH AN INTENSIVE SUMMER PROGRAM DISTINGUISHED BY A UNIQUE TEACHING LEGACY, A WIDE AND VARIED REPERTOIRE, AND PUBLIC PERFORMANCES OF SYMPHONIC, CHAMBER AND CHILDREN'S CONCERTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Thayer Former Exec | Officer | 15 | $25,000 |
Stanislas Renard Executive Di | Officer | 15 | $12,333 |
Phillip Devenish President | OfficerTrustee | 1 | $0 |
Edward Walworth Secretary | OfficerTrustee | 1 | $0 |
Thomas Welgoss Treasurer | OfficerTrustee | 1 | $0 |
Joann Williams Vice Preside | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $309,367 |
| Noncash contributions included in lines 1a–1f | $14,942 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $309,367 |
| Total Program Service Revenue | $158,341 |
| Investment income | $74,559 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,522 |
| Net Gain/Loss on Asset Sales | -$18,922 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $541,077 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,000 |
| Grants and other assistance to domestic individuals. | $77,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $37,333 |
| Compensation of current officers, directors, key employees. | $11,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,760 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,220 |
| Fees for services: Management | $7,538 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,141 |
| Fees for services: Other | $5,446 |
| Advertising and promotion | $3,629 |
| Office expenses | $25,506 |
| Information technology | $4,813 |
| Royalties | $0 |
| Occupancy | $38,020 |
| Travel | $20,046 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,312 |
| Insurance | $16,799 |
| All other expenses | $2,455 |
| Total functional expenses | $398,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,734 |
| Savings and temporary cash investments | $965 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,281,316 |
| Investments—publicly traded securities | $667,279 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,450 |
| Total assets | $2,143,744 |
| Accounts payable and accrued expenses | $1,830 |
| Grants payable | $0 |
| Deferred revenue | $400 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $168,901 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $171,131 |
| Net assets without donor restrictions | $1,799,842 |
| Net assets with donor restrictions | $172,771 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,143,744 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Pierre Monteux Memorial Foundation has recieved totaling $23,550.
| Awarding Organization | Amount |
|---|---|
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $20,000 |
Bunchberry Charitable Foundation Houston, TX PURPOSE: EDUCATION | $3,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $50 |
Endowment Analysis
| Beg. Balance | $624,340 |
| Earnings | -$78,553 |
| Admin Expense | $1,142 |
| Net Contributions | $38,879 |
| Other Expense | $2,842 |
| Ending Balance | $580,684 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Concord Community Music School Concord, NH | $1,545,273 | $1,585,620 |
317 Main St Community Music Center Inc Yarmouth, ME | $4,625,414 | $3,657,456 |
Kneisel Hall Blue Hill, ME | $13,811,555 | $1,519,605 |
The Spartan Junior Drum And Bugle Corps Inc Nashua, NH | $341,545 | $843,857 |
Portland Conservatory Of Music Portland, ME | $1,611,562 | $945,126 |
Portland School Of Ballet Portland, ME | $186,689 | $547,468 |
Nashua Community Music School Nashua, NH | $219,055 | $475,725 |
Pierre Monteux Memorial Foundation Hancock, ME | $2,143,744 | $541,077 |
Midcoast Music Academy Rockport, ME | $339,108 | $341,245 |
River Tree Arts Kennebunk, ME | $536,279 | $341,114 |
Flying Gravity Circus Wilton, NH | $76,420 | $0 |
New Surry Repertory Theatre And Acting School Inc Blue Hill, ME | $61,781 | $0 |