Lake Champlain Chamber Music Festival
- Assets
- $1.1m
- Revenue
- $388.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Winooski, VT
- Founding
- 09/2009
- Data as of
- 12/2021
- EIN
- 26-2757906
Organization Overview
Lake Champlain Chamber Music Festival is located in Winooski, VT. The organization was established in 2009. 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 12/2021, Lake Champlain Chamber Music Festival employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Champlain Chamber 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 12/2021, Lake Champlain Chamber Music Festival generated $388.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $388.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND NURTURE A LIFELONG APPRECIATION FOR CLASSICAL MUSIC THROUGHOUT THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HELD A 9-DAY IN-PERSON SUMMER FESTIVAL WITH CONCERTS, MASTERCLASSES, AND DISCUSSIONS. WE ALSO CONTINUED PROVIDING MUSIC LESSONS TO ALL OF THE 3RD, 4TH, AND 5TH GRADERS AT THE BURLINGTON INTEGRATED ARTS ACADEMY, A PREK-5 SCHOOL.
THE FESTIVAL WAS A FISCAL SPONSOR FOR TURNMUSIC WHICH OFFERS CONTEMPORARY CONCERT CHAMBER MUSIC IN UNUSUAL SETTINGS WITH PERFORMANCES BY VERMONT MUSICIANS. CONDUCTOR ANNE DECKER HAS MIXED HER MUSICAL TASTES TO CREATE A UNIQUE SET OF PERFORMANCES IN RELAXED VENUES AND AT AFFORDABLE TICKET PRICES. LCCMF'S MISSION TO INSPIRE A LOVE OF CHAMBER MUSIC IN OUR COMMUNITY IS FURTHERED BY THE WORK OF TURNMUSIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Whipple Executive Director (jul - Dec) | Officer | 40 | $32,500 |
Jody Woos Executive Director (jan - Jun) | Officer | 40 | $32,310 |
Gloria Chien Co-Artistic Director | Officer | 10 | $12,235 |
Soovin Kim Co-Artistic Director | Officer | 10 | $11,810 |
Lynne Bond Vice President | OfficerTrustee | 1 | $0 |
Arnie Malina President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $302,946 |
| Noncash contributions included in lines 1a–1f | $2,924 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $315,446 |
| Total Program Service Revenue | $33,955 |
| Investment income | $17,045 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,415 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $20 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $388,881 |
| 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. | $88,855 |
| Compensation of current officers, directors, key employees. | $21,603 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,958 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,527 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,543 |
| Fees for services: Other | $194,816 |
| Advertising and promotion | $17,875 |
| Office expenses | $1,686 |
| Information technology | $1,241 |
| Royalties | $891 |
| Occupancy | $8,585 |
| Travel | $40,227 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $312 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,957 |
| Insurance | $1,841 |
| All other expenses | $0 |
| Total functional expenses | $388,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,494 |
| Savings and temporary cash investments | $20,360 |
| Pledges and grants receivable | $13,500 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,258 |
| Investments—publicly traded securities | $1,006,553 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,089,165 |
| Accounts payable and accrued expenses | $1,954 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,954 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,087,211 |
| Total liabilities and net assets/fund balances | $1,089,165 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lake Champlain Chamber Music Festival has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Lintilhac Foundation Shelburne, VT PURPOSE: GENERALSUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $903,143 |
| Earnings | $110,178 |
| Admin Expense | $3,543 |
| Ending Balance | $1,009,778 |
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 |