Cape Arts & Entertainment Inc

Organization Overview

Cape Arts & Entertainment Inc is located in West Barnstable, MA. The organization was established in 1973. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Cape Arts & Entertainment Inc employed 189 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cape Arts & Entertainment Inc 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 06/2022, Cape Arts & Entertainment Inc generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $4.3m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ENRICH AND FURTHER THE CULTURAL, EDUCATIONAL AND ECONOMIC INTERESTS OF OUR REGION THROUGH MUSIC AND THE ARTS BY ENCOURAGING LIFELONG INVOLVEMENT WITH SUPERIOR MUSIC AND ARTS EDUCATION TO ALL RESIDENTS OF AND VISITORS TO CAPE COD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CAPE SYMPHONY CREATES AND MAINTAINS A FULLY PROFESSIONAL SYMPHONY ORCHESTRA WHICH:-PRESENTS MUSIC OF THE HIGHEST QUALITY POSSIBLE AND THROUGH THE TALENT AND VERSATILITY OF OUR MUSIC DIRECTOR AND MUSICIANS, PROVIDES A BROAD RANGE OF CLASSICAL AND POPULAR MUSIC ENTERTAINMENT USING ENSEMBLES OF VARYING SIZE AND COMPLEMENT;-BROADENS OUR AUDIENCE THROUGH EDUCATION AND OUTREACH AND BY CONTINUALLY RE-EVALUATING AND IMPROVING OUR PRODUCTS AND SERVICES;-IMPLEMENTS A PLAN DESIGNED TO PROVIDE OPPORTUNITIES FOR MUSIC EDUCATION AND MUSIC APPRECIATION IN OUR COMMUNITY;-CREATES PARTNERSHIPS WITH THE CULTURAL, EDUCATIONAL, CIVIC AND BUSINESS COMMUNITIES THAT FURTHER THE INTERESTS OF THE SYMPHONY AND THE COMMUNITY.


THE CAPE CONSERVATORY PROVIDES INSTRUCTION AND PROMOTION OF MUSIC, DANCE AND ARTS FOR ITS MEMBERS AND THE LOCAL COMMUNITY. MUSICAL PRESENTATIONS AND EDUCATION ARE PRIMARILY ACCOMPLISHED AND PERFORMED IN THE COUNTIES OF BARNSTABLE, DUKES AND NANTUCKET, MASSACHUSETTS. THE CONSERVATORY HAS PROPERTIES AND CONDUCTS INSTRUCTION FROM TWO LOCATIONS: BARNSTABLE AND FALMOUTH.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Michael Albaugh
Executive Director
$180,000
Jung Ho Pak
Artistic Director & Conduc
$180,000
D Bates Jr
Director Of Finance
$106,000
Steven Heslinga
Treasurer
$0
Ellen Dickinson
Chair
$0
Theresa Egan
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,962,706
All other contributions, gifts, grants, and similar amounts not included above$1,299,659
Noncash contributions included in lines 1a–1f $11,000
Total Revenue from Contributions, Gifts, Grants & Similar$3,262,365
Total Program Service Revenue$2,007,404
Investment income $183,214
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$463,730
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,101,262

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Cape Arts & Entertainment Inc has recieved totaling $319,235.

Awarding OrganizationAmount
Cape Cod Foundation Inc

South Yarmouth, MA

PURPOSE: BLOOD DONOR CENTER

$244,333
Cape Cod Foundation Inc

South Yarmouth, MA

PURPOSE: SUMMER SOUNDS

$54,237
Cape Cod 5 Foundation Inc

Hyannis, MA

PURPOSE: DONATION

$10,000
John K And Thirza F Davenport Foundation 42c038017

Chicago, IL

PURPOSE: DONATION FOR UNRESTRICTED PURPOSES

$5,000
John K And Thirza F Davenport Foundation 42c038017

Chicago, IL

PURPOSE: DONATION FOR LINK UP PROJECT

$5,000
Shell Oil Company Foundation

Houston, TX

PURPOSE: MEF

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,230,959
Earnings-$571,829
Ending Balance$4,659,130

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