Festival Music Society Of Indiana
- Assets
- $2.4m
- Revenue
- $318.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 08/1967
- Data as of
- 09/2022
- EIN
- 35-6068649
Organization Overview
Festival Music Society Of Indiana is located in Indianapolis, IN. The organization was established in 1967. According to its NTEE Classification (A68) the organization is classified as: Music, 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. Festival Music Society Of Indiana 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 09/2022, Festival Music Society Of Indiana generated $318.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $166.9k during the year ending 09/2022. 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
PRESENT CONCERTS OF EARLY MUSIC, SOMETIMES PERFORMED ON PERIOD INSTRUMENTS.DUE TO COVID RESTRICTIONS THE FULL SEASON WAS NOT PRESENTED AND SOME CONCERTS WERE STREAMED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTED A SERIES OF ONE CONCERT IN THE SPRING AND SIX CONCERTS IN THE SUMMER OF 2019, DUE TO COVID,NO CONCERTS WERE PERFORMED IN 2020. CONCERTS WERE NOT COLLECTIVELY KNOWN AS THE INDIANAPOLIS EARLY MUSIC FESTIVAL (WWW.EMINDY.ORG). A SPECIAL CHILDRENS CONCERT WAS PRESENTED IN THE SUMMER AND A PERFORMANCE AND EDUCATIONAL EVENT FOR LOCAL SCHOOL CHILDREN WAS PRESENTED IN THE SPRING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Goetz Secretary | OfficerTrustee | 2 | $0 |
David Poole Treasurer | OfficerTrustee | 2 | $0 |
Robert Bolyard President | OfficerTrustee | 2 | $0 |
Gail Mcdermott Bowler Managing Director | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,545 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,690 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,235 |
| Total Program Service Revenue | $11,133 |
| Investment income | $227,568 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $318,174 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $33,720 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $10,020 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,039 |
| Office expenses | $199 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $600 |
| Travel | $3,070 |
| 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 | $0 |
| Insurance | $3,897 |
| All other expenses | $93,611 |
| Total functional expenses | $166,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $341,323 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $2,078,200 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,419,523 |
| Accounts payable and accrued expenses | $3,327 |
| 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 | $3,327 |
| Net assets without donor restrictions | $2,081,700 |
| Net assets with donor restrictions | $334,496 |
| 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 | $2,419,523 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Festival Music Society Of Indiana has recieved totaling $127,458.
| Awarding Organization | Amount |
|---|---|
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: 2021 distribution | $119,458 |
Christel Dehaan Family Foundation Inc Indianapolis, IN PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Nicholas H Noyes Jr Memorial Foundation Inc Carmel, IN PURPOSE: ANNUAL SUPPORT | $3,000 |
Endowment Analysis
| Beg. Balance | $1,568,846 |
| Earnings | $63,231 |
| Admin Expense | $8,172 |
| Net Contributions | $62,776 |
| Grants | $75,040 |
| Ending Balance | $1,611,641 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee World Festival Inc Milwaukee, WI | $107,459,917 | $5,773,948 |
Grant Park Orchestral Association Chicago, IL | $15,259,948 | $7,547,765 |
Jazz St Louis St Louis, MO | $11,818,193 | $2,884,733 |
Chicago Sinfonietta Inc Chicago, IL | $3,675,444 | $3,506,738 |
Ragtag Film Society Columbia, MO | $1,382,564 | $1,866,748 |
Percussive Arts Society Inc Indianapolis, IN | $5,047,679 | $2,367,696 |
Music Of The Baroque Concert Series Inc Chicago, IL | $2,610,285 | $1,900,263 |
Radio Arts Foundation Clayton, MO | $3,517,540 | $1,458,263 |
Great American Songbook Foundation Inc Carmel, IN | $8,944,393 | $1,441,715 |
Glenview Stars Hockey Assn 5 Glenview Ice Center Glenview, IL | $561,491 | $1,280,609 |
Birch Creek Music Performance Center Inc Egg Harbor, WI | $4,670,702 | $1,564,605 |
Intonation Music Workshop Chicago, IL | $400,867 | $959,526 |