Grand Teton Music Festival Inc
- Assets
- $24.2m
- Revenue
- $9.0m
- Investments
- $521.5k
- Employees
- 21
- Location
- Jackson, WY
- Founding
- 02/1970
- Data as of
- 12/2023
- EIN
- 23-7034152
Organization Overview
Grand Teton Music Festival Inc is located in Jackson, WY. The organization was established in 1970. 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 12/2023, Grand Teton Music Festival Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Teton Music Festival 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 12/2023, Grand Teton Music Festival Inc generated $9.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $6.0m during the year ending 12/2023. While expenses have increased by 6.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENGAGE, ENTERTAIN, EDUCATE & INSPIRE OUR RESIDENT & SEASONAL COMMUNITIES THRU EXHILARATING MUSICAL EXPERIENCES OF ORCHESTRAL, CHAMBER & SOLO PERFORMANCES BY WORLD-CLASS ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GTMF SHARED EXHILARATING MUSICAL EXPERIENCES WITH 20,000 AUDIENCE MEMBERS THROUGH PRESENTATIONS OF SYMPHONIC, CHAMBER AND NON-CLASSICAL MUSIC PERFORMANCES IN WALK FESTIVAL HALL. IN ADDITION, GTMF PRODUCED40+FREE MUSICAL EXPERIENCES FOR AUDIENCES OF ALL AGES AT20+LOCATIONS IN THE LOCAL COMMUNITY.
HOUSING FOR MUSICIANS DURING SUMMER SEASON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emma Kail Executive Director | Officer | 60 | $293,650 |
Donald Runnicles Music Director | Officer | 15 | $227,000 |
Tim Dodge Director Of Development | 50 | $151,854 | |
Jeff Counts General Manager | 50 | $150,000 | |
Steffan Larson Director Of Finance And Admin. | 40 | $132,541 | |
David Donovan Chair | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Donald Runnicles Music Director | 12/30/20 | $127,100 |
Simon Woods Consulting | 12/30/20 | $113,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $111,300 |
| Related organizations | $0 |
| Government grants | $10,103 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,587,161 |
| Noncash contributions included in lines 1a–1f | $607,433 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,708,564 |
| Total Program Service Revenue | $947,109 |
| Investment income | $495,573 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $289,370 |
| Net Gain/Loss on Asset Sales | -$378,928 |
| Net Income from Fundraising Events | -$37,956 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,023,732 |
| 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. | $551,731 |
| Compensation of current officers, directors, key employees. | $82,760 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $611,462 |
| Pension plan accruals and contributions | $30,495 |
| Other employee benefits | $42,133 |
| Payroll taxes | $88,513 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,438 |
| Fees for services: Accounting | $48,717 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,224 |
| Fees for services: Other | $1,093,829 |
| Advertising and promotion | $310,285 |
| Office expenses | $226,248 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $114,746 |
| Travel | $270,661 |
| 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 | $390,406 |
| Insurance | $107,287 |
| All other expenses | $56,070 |
| Total functional expenses | $5,966,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,711,471 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,166,591 |
| 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 | $21,100 |
| Net Land, buildings, and equipment | $7,078,905 |
| Investments—publicly traded securities | $12,213,453 |
| Investments—other securities | $521,501 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $466,642 |
| Total assets | $24,179,663 |
| Accounts payable and accrued expenses | $62,077 |
| Grants payable | $0 |
| Deferred revenue | $923,291 |
| 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 | $542,056 |
| Total liabilities | $1,527,424 |
| Net assets without donor restrictions | $18,115,884 |
| Net assets with donor restrictions | $4,536,355 |
| 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 | $24,179,663 |