Virginia Chamber Music Foundation
- Assets
- $377.1k
- Revenue
- $249.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Charlottesville, VA
- Founding
- 08/2001
- Data as of
- 12/2023
- EIN
- 54-2000976
Organization Overview
Virginia Chamber Music Foundation, operating under the name Charlottesville Chamber Music Festival, is located in Charlottesville, VA. The organization was established in 2001. 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, Charlottesville Chamber Music Festival employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlottesville 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 12/2023, Charlottesville Chamber Music Festival generated $249.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $225.2k during the year ending 12/2023. While expenses have increased by 9.0% per year over the past 5 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
TO INCREASE THE UNDERSTANDING APPRECIATION OF CHAMBER MUSIC IN VIRGINIA BEYOND PRESENTING CONCERTS EDUCATIONAL OUTREACH PROGS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTED THE 24TH ANNUAL CHARLOTTESVILLE CHAMBER MUSIC FESTIVAL WITH 10 LIVE EVENTS IN 11 DAYS, INCLUDING 4 SERIES CONCERTS IN HISTORIC PARAMOUNT THEATER AND U. OF VIRGINIA'S OLD CABELL HALL, ONE COLLABORATIVE EVENT WITH VIRGINIA SYMPHONY ORCHESTRA (SEE BELOW), 2 SPECIAL EVENTS SHOWCASING ARTISTS AT 2ND STREET GALLERY IN DOWNTOWN CHARLOTTESVILLE AND AT A LOCAL RURAL VINEYARD, PLUS 2 FREE COMMUNITY PROGRAMS (SEE BELOW) AND ONE PUBLIC SCHOOL CONCERT. PROGRAMMING INCORPORATED TRADITIONAL AND NEWER REPERTOIRE. THE 22 PARTICIPATING ARTISTS INCLUDED MUSICIANS OF INTERNATIONAL ACCLAIM AND A NUMBER OF EMERGING TALENTS. PANDEMIC RECOVERY CONTINUED WITH GROWING AUDIENCE.
PRESENTED 3 FREE OUTREACH EVENTS BENEFITING DIFFERENT CONSTITUENCIES: ALL EVENTS WERE PERFORMED BY INTERNATIONALLY ACCLAIMED MUSICIANS. - FREE COMMUNITY CONCERT AT HISTORIC PARAMOUNT THEATER AND - FREE MIDDAY CONCERT AT HISTORIC CHURCH NEAR DOWNTOWN. PRINTED PROGRAMS WITH NOTES WERE PROVIDED TO BOTH AUDIENCES. - FREE SCHOOL PROGRAM IN COLLABORATION WITH THE FINE ARTS COORDINATOR FOR CHARLOTTESVILLE PUBLIC SCHOOLS, FOR ALL THE SCHOOL SYSTEM'S 8TH GRADE STUDENTS AT CITY'S BUFORD MIDDLE SCHOOL. SEVERAL OF THE ARTISTS HAD STRONG ARTS EDUCATION EXPERIENCE AND RESPONSE WAS VERY POSITIVE. ALSO PRESENTED A DRESS REHEARSAL AT A LOCAL SENIOR COMMUNITY. OVERALL, APPROXIMATELY 880 SERVED AT THE 4 EVENTS.
COLLABORATED WITH VIRGINIA SYMPHONY ORCHESTRA AND THE PARAMOUNT THEATER OF CHARLOTTESVILLE TO PRESENT A CONCERT FEATURING FESTIVAL SOLO ARTISTS IN BEETHOVEN'S TRIPLE CONCERTO, AND THE REICH DUET FOR 2 VIOLINS AND ORCHESTRA, PLUS BEETHOVEN'S 7TH SYMPHONY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda C Monahan Chair | OfficerTrustee | 4 | $0 |
Terry E Grant Secretary | OfficerTrustee | 4 | $0 |
Elsie W Thompson Treasurer | OfficerTrustee | 4 | $0 |
Raphael Bell Coartistic Director | Trustee | 5 | $5,500 |
J Timothy Summers Coartistic Director | Trustee | 8 | $6,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $199,417 |
| Noncash contributions included in lines 1a–1f | $53,080 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,417 |
| Total Program Service Revenue | $43,764 |
| Investment income | $5,455 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,641 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $249,495 |
| 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. | $12,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,454 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,858 |
| Payroll taxes | $4,701 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,492 |
| Advertising and promotion | $3,104 |
| Office expenses | $11,335 |
| Information technology | $629 |
| Royalties | $1,016 |
| Occupancy | $6,000 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $7,989 |
| Total functional expenses | $225,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $373,789 |
| 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 | $623 |
| Investments—publicly traded securities | $2,695 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $377,107 |
| Accounts payable and accrued expenses | $1,659 |
| 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 | $1,659 |
| 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 | $375,448 |
| Total liabilities and net assets/fund balances | $377,107 |