Savannah Music Festival Inc

Organization Overview

Savannah Music Festival Inc is located in Savannah, GA. The organization was established in 1980. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Savannah Music Festival Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Savannah 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 06/2021, Savannah Music Festival Inc generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (14.6%) per year over the past 6 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

THE SAVANNAH MUSIC FESTIVAL IS DEDICATED TO PRESENTING WORLD-CLASS CELEBRATIONS OF THE MUSICAL ARTS BY CREATING TIMELESS AND ADVENTUROUS PRODUCTIONS THAT STIMULATE ARTS EDUCATION, FOSTER ECONOMIC GROWTH AND UNITE ARTISTS AND AUDIENCES IN SAVANNAH GA

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION SPONSORED THE SAVANNAH MUSIC FESTVAL IN MARCH OF 2019,DURING THE EVENT, 21,874 TICKETS WERE SOLD TO EVENTS AND THERE WERE 10,162 PARTICIPANTS IN THE EDUCATION PROGRAMS OFFERED. DUE TO THE COVID-19 PANDEMIC THE ORGANIZATION WAS FORCED TO CANCEL ITS ANNUAL FESTIVAL HELD IN THE SPRING OF 2020. IN MARCH OF 2021, THE ORGANIZATION SOLD 1,278 TICKETS TO NINE EVENTS AND THERE WERE 13,867 VIRTUAL PARTICIPANTS IN THE EDUCATION PROGRAMS.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
David Pratt
Executive Di
$156,706
Ryan Mcmacken
Artistic Dir
$137,481
Erin Tatum
Interim Exec
$78,638
Harold Yellin
Board Secret
$0
Ron Whitaker
Vice Chair
$0
Vicki Mcelreath
Board Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $150,176
All other contributions, gifts, grants, and similar amounts not included above$1,625,892
Noncash contributions included in lines 1a–1f $300
Total Revenue from Contributions, Gifts, Grants & Similar$1,776,068
Total Program Service Revenue$12,868
Investment income $20,550
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $39,000
Net Income from Fundraising Events $10,197
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $1,462
Miscellaneous Revenue$0
Total Revenue $2,078,517

Grants Recieved

Over the last fiscal year, we have identified 20 grants that Savannah Music Festival Inc has recieved totaling $417,929.

Awarding OrganizationAmount
Beehive Foundation Inc

Savannah, GA

PURPOSE: TO HELF SAVANNAH MUSIC FESTIVAL

$100,000
William Randolph Hearst Foundation

New York, NY

PURPOSE: SUPPORT FOR ONGOING OPERATIONS

$100,000
Chestnut Family Foundation

Atlanta, GA

PURPOSE: TO SUPPORT THE MISSION OF THE RECIPIENT ORGANIZATION

$50,000
The Community Foundation For Greater Atlanta Inc

Atlanta, GA

PURPOSE: ARTS/CULTURE/HUMANITIES

$50,000
Robin And Sandy Stuart Foundation

Lake Forest, IL

PURPOSE: GENERAL SUPPORT

$25,000
Organization Name not Listed

PURPOSE: OPERATIONS

|

$20,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,138,575
Earnings$304,175
Admin Expense$14,266
Net Contributions$1,286
Other Expense$85,629
Ending Balance$1,344,141

Create an account to unlock the data you need.

or