Cincinnati Musical Festival Assoc

Organization Overview

Cincinnati Musical Festival Assoc is located in Cincinnati, OH. The organization was established in 1947. According to its NTEE Classification (A6B) the organization is classified as: Singing & Choral Groups, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cincinnati Musical Festival Assoc 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, Cincinnati Musical Festival Assoc generated $2.6m 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 $959.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

WE EXIST TO ENGAGE, ENERGIZE AND CONNECT OUR COMMUNITY WITH THE HIGHEST QUALITY PERFORMANCES OF GREAT CHORAL MUSIC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MAY FESTIVAL CHORUS HOLDS SUBSCRIPTION CONCERTS EACH SEASON DURING THE APRIL/MAY TIMEFRAME AND PERFORMS WITH THE CINCINNATI SYMPHONY & POPS ORCHESTRA FROM SEPTEMBER TO MAY EACH YEAR. DURING THIS SHORT YEAR PERIOD TO CHANGE THE FISCAL YEAR TO ALIGN WITH THE CALENDAR PERIOD, THE CHORUS PERFORMED WITH THE CINCINNATI SYMPHONY AND ENGAGED IN SEASON PLANNING FOR THE 2022 MAY FESTIVAL.


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Board, Officers & Key Employees

Name (title)Compensation
Steven Sunderman
Executive Director
$138,165
Jonathan Martin
President
$29,304
Robert Mcgrath
COO
$16,429
Rich Freshwater
VP & CFO
$11,093
Eric K Combs
Chair
$0
Michael Curran
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$258,826
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $713,419
All other contributions, gifts, grants, and similar amounts not included above$628,866
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,601,111
Total Program Service Revenue$49,067
Investment income $889,782
Tax Exempt Bond Proceeds $0
Royalties $211
Net Rental Income $0
Net Gain/Loss on Asset Sales $751
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $121
Miscellaneous Revenue$0
Total Revenue $2,570,982

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Cincinnati Musical Festival Assoc has recieved totaling $287,404.

Awarding OrganizationAmount
The Frances R Luther Charitable Trust

Cincinnati, OH

PURPOSE: PROJECT/PROGRAM SUPPORT

$80,000
Alex C Young 1954 Walnut Hills Hs

Detroit, MI

PURPOSE: DAILY OPERATIONAL SUPPORT

$74,639
Carol Ann And Ralph V Haile Jr Foundation

Cincinnati, OH

PURPOSE: GENERAL OPERATING SUPPORT

$65,000
The Thomas W Busse Charitable Trust Attn Paul Recker

Brooklyn, OH

PURPOSE: GENERAL OPERATING

$21,804
Wohlgemuth Herschede Foundation

Rolling Meadows, IL

PURPOSE: PROGRAM SUPPORT

$20,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: ARTS, CULTURE & HUMANITIES

$17,750
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$29,057,825
Earnings$771,043
Admin Expense$8,084
Ending Balance$29,820,784

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