Pierre Monteux Memorial Foundation
- Assets
- $2.3m
- Revenue
- $535.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Hancock, ME
- Founding
- 02/1973
- Data as of
- 08/2023
- 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 08/2023, Pierre Monteux Memorial Foundation employed 4 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 08/2023, Pierre Monteux Memorial Foundation generated $535.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $337.9k during the year ending 08/2023. 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
2023
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 |
|---|---|---|---|
Stanislas Renard Executive Di | Officer | 15 | $32,000 |
Phillip Devenish President | OfficerTrustee | 1 | $0 |
Henry Fogel Trustee | Trustee | 1 | $0 |
Allison Kiger Trustee | Trustee | 1 | $0 |
Tiffany Lu Trustee | Trustee | 1 | $0 |
Bruce Mallonee Trustee | Trustee | 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 | $304,979 |
| Noncash contributions included in lines 1a–1f | $88,303 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $304,979 |
| Total Program Service Revenue | $184,848 |
| Investment income | $16,412 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,586 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $535,557 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $67,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $32,000 |
| Compensation of current officers, directors, key employees. | $9,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,745 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,030 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $758 |
| Fees for services: Other | $4,912 |
| Advertising and promotion | $5,301 |
| Office expenses | $19,748 |
| Information technology | $2,271 |
| Royalties | $0 |
| Occupancy | $40,074 |
| Travel | $5,432 |
| 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 | $41,521 |
| Insurance | $17,386 |
| All other expenses | $6,030 |
| Total functional expenses | $337,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,634 |
| Savings and temporary cash investments | $26,241 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,988 |
| 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 | $1,275,746 |
| Investments—publicly traded securities | $871,338 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,361 |
| Total assets | $2,330,308 |
| Accounts payable and accrued expenses | $2,055 |
| Grants payable | $0 |
| Deferred revenue | $200 |
| 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 | $80,975 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $83,230 |
| Net assets without donor restrictions | $1,971,572 |
| Net assets with donor restrictions | $275,506 |
| 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 | $2,330,308 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
317 Main St Community Music Center Inc Yarmouth, ME | $7,444,993 | $1,354,223 |
The Concord Community Music School Concord, NH | $1,380,856 | $1,590,338 |
Kneisel Hall Blue Hill, ME | $13,311,046 | $1,459,143 |
The Spartan Junior Drum And Bugle Corps Inc Nashua, NH | $403,242 | $1,033,324 |
Nashua Community Music School Nashua, NH | $128,189 | $607,843 |
Portland Conservatory Of Music Portland, ME | $1,798,028 | $767,437 |
Portland School Of Ballet Portland, ME | $175,364 | $579,343 |
River Tree Arts Kennebunk, ME | $522,181 | $383,150 |
Midcoast Music Academy Rockport, ME | $304,330 | $303,902 |
Pierre Monteux Memorial Foundation Hancock, ME | $2,330,308 | $535,557 |
Flying Gravity Circus Wilton, NH | $78,369 | $284,780 |
New Surry Repertory Theatre And Acting School Inc Blue Hill, ME | $42,101 | $0 |
Christ Arts Institute Inc Warner, NH | $41,713 | $0 |