Bowdoin International Music Festival
- Assets
- $4.4m
- Revenue
- $875.0k
- Investments
- $0.0
- Employees
- 22
- Location
- Brunswick, ME
- Founding
- 12/1997
- Data as of
- 10/2020
- EIN
- 04-3384601
Organization Overview
Bowdoin International Music Festival is located in Brunswick, ME. The organization was established in 1997. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 10/2020, Bowdoin International Music Festival employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bowdoin International Music Festival 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 10/2020, Bowdoin International Music Festival generated $875.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $610.9k during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (14.1%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SUMMER CONCERT SERIES AND STUDY PROGRAM FOR GIFTED YOUNG MUSICIANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 1964, THE BOWDOIN INTERNATIONAL MUSIC FESTIVAL HOSTS SEVEN CONCERT SERIES AS PART OF AN INTENSIVE SUMMER STUDY PROGRAM THAT HELPS PROVIDE GIFTED YOUNG MUSICIANS FROM AROUND THE WORLD WITH AN OPPORTUNITY TO STUDY WITH WORLD-CLASS ARTISTS AND PROVIDE AUDIENCES WITH CLASSICAL MUSIC PERFORMED TO THE HIGHEST ARTISTIC STANDARDS. THE FESTIVAL TAKES PLACE FOR SIX WEEKS EACH SUMMER ON THE BOWDOIN COLLEGE CAMPUS AND THROUGHOUT THE BRUNSWICK, MAINE AREA.DUE TO THE COVID-19 PANDEMIC, THE ORGANIZATION SHIFTED TO HOSTING ALL ACTIVITIES ONLINE DURING THE YEAR ENDED OCTOBER 31,2020. AS A RESULT, PROGRAM SERVICE REVENUE AND EXPENSES DECLINED SIGNIFICANTLY OVER PRIOR YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Nitsch Executive Director | Officer | 40 | $85,731 |
David Ying Co-Artistic Director | OfficerTrustee | 40 | $46,900 |
Phillip Ying Co-Artistic Director | OfficerTrustee | 40 | $45,300 |
Susanne Stover Director (start July 2020) | Trustee | 1 | $32,207 |
Lorna Brown Flynn Vice Chair | OfficerTrustee | 1 | $0 |
Kent Mitchell Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $506,686 |
| Investment income | $74,091 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $161,578 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $875,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $221,692 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,995 |
| Pension plan accruals and contributions | $3,491 |
| Other employee benefits | $7,123 |
| Payroll taxes | $17,955 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $471 |
| Fees for services: Accounting | $14,895 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,554 |
| Fees for services: Other | $39,924 |
| Advertising and promotion | $10,076 |
| Office expenses | $30,398 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,730 |
| Travel | $4,392 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,951 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,638 |
| Insurance | $8,617 |
| All other expenses | $0 |
| Total functional expenses | $610,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,763 |
| Savings and temporary cash investments | $249,711 |
| 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 | $3,976 |
| Investments—publicly traded securities | $3,357,726 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,398,499 |
| Accounts payable and accrued expenses | $23,926 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $288,979 |
| Unsecured mortgages and notes payable | $70,400 |
| Other liabilities | $0 |
| Total liabilities | $383,305 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,015,194 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bowdoin International Music Festival has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
Trust Ud W Bingham Ii 207751 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $200,000 |
Endowment Analysis
| Beg. Balance | $4,070,188 |
| Earnings | $204,377 |
| Admin Expense | $21,554 |
| Net Contributions | $60,601 |
| Other Expense | $765,000 |
| Ending Balance | $3,548,612 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Portsmouth Music And Arts Center Inc Portsmouth, NH | $1,568,792 | $1,079,924 |
Manchester Community Music School Manchester, NH | $1,328,158 | $1,138,182 |
Upper Valley Music Center Inc Lebanon, NH | $2,795,970 | $1,982,663 |
Apple Hill Center For Chamber Music Inc East Sullivan, NH | $1,628,321 | $937,243 |
Bowdoin International Music Festival Brunswick, ME | $4,398,499 | $875,017 |
Maine Academy Of Modern Music Portland, ME | $78,120 | $568,581 |
York County Arena Association Biddeford, ME | $264,802 | $514,472 |
New Hampshire Music Festival Inc Plymouth, NH | $321,298 | $505,242 |
The 1932 Criterion Theatre Bar Harbor, ME | $3,264,172 | $729,367 |
Great Waters Music Festival Inc Wolfeboro, NH | $450,267 | $658,682 |
Friends Of The Kotzschmar Organ Inc Portland, ME | $1,004,147 | $291,264 |
Ashuelot Concerts Keene, NH | $81,430 | $0 |