Boston Chamber Music Society Inc
- Assets
- $884.3k
- Revenue
- $475.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Cambridge, MA
- Founding
- 01/1985
- Data as of
- 06/2022
- EIN
- 22-2525687
Organization Overview
Boston Chamber Music Society Inc is located in Cambridge, MA. The organization was established in 1985. 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 06/2022, Boston Chamber Music Society Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Chamber Music Society 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, Boston Chamber Music Society Inc generated $475.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $404.2k during the year ending 06/2022. While expenses have increased by 3.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
ADVANCE THE PERFORMANCE, STUDY, APPRECIATION, AND ENJOYMENT OF CHAMBER MUSIC THROUGH A PROGRAM OF PUBLIC CONCERTS, EDUCATION, SEMINARS, AND LECTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCE AND PERFORM CHAMBER MUSIC CONCERTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wen Huang Exec Dir | 40 | $70,000 | |
Alexander Constantine Treasurer | OfficerTrustee | 4 | $0 |
Sklar Ellen Vice President | OfficerTrustee | 4 | $0 |
Kush Thomas President | OfficerTrustee | 20 | $0 |
Bromberg Pamela Clerk | OfficerTrustee | 4 | $0 |
Eldrenkamp Paul Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $321,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $355,200 |
| Total Program Service Revenue | $66,300 |
| Investment income | $22,300 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,800 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $475,600 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $77,000 |
| Compensation of current officers, directors, key employees. | $33,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,100 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,100 |
| Payroll taxes | $9,600 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,800 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,300 |
| Office expenses | $8,400 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,200 |
| Travel | $0 |
| 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 | $300 |
| Insurance | $3,700 |
| All other expenses | $36,100 |
| Total functional expenses | $404,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,500 |
| Savings and temporary cash investments | $5,300 |
| Pledges and grants receivable | $9,500 |
| 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 | $400 |
| Net Land, buildings, and equipment | $400 |
| Investments—publicly traded securities | $730,100 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,100 |
| Total assets | $884,300 |
| Accounts payable and accrued expenses | $34,400 |
| Grants payable | $0 |
| Deferred revenue | $47,100 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $81,500 |
| Net assets without donor restrictions | $579,300 |
| Net assets with donor restrictions | $223,500 |
| 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 | $884,300 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Boston Chamber Music Society Inc has recieved totaling $2,939.
| Awarding Organization | Amount |
|---|---|
Shalin Liu Wildlife Sanctuary Foundation Boston, MA PURPOSE: UNRESTRICTED | $2,400 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
Endowment Analysis
| Beg. Balance | $769,400 |
| Earnings | -$72,200 |
| Other Expense | $49,800 |
| Ending Balance | $647,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jazz At Lincoln Center Inc New York, NY | $222,896,771 | $27,240,751 |
Handel And Haydn Society Boston, MA | $29,038,335 | $22,868,295 |
Groton Hill Music Inc Groton, MA | $210,830,113 | $41,196,688 |
Newport Festivals Foundation Inc Essex, MA | $20,080,911 | $11,132,304 |
Whyhunger Inc New York, NY | $5,607,325 | $7,869,621 |
Caramoor Center For Music & The Arts Inc Katonah, NY | $49,439,168 | $6,140,543 |
Save The Music Foundation New York, NY | $5,156,662 | $8,206,045 |
Rockport Music Inc Rockport, MA | $31,791,427 | $3,720,672 |
American Friends Of Les Arts Florissants Inc New York, NY | $1,107,997 | $2,546,808 |
Chicken & Egg Pictures Inc Brooklyn, NY | $9,525,742 | $4,390,371 |
Young Concert Artists Inc New York, NY | $10,777,916 | $2,607,839 |
New Music Usa Inc New York, NY | $21,074,524 | $3,287,635 |