Austin Chamber Music Center
- Assets
- $391.3k
- Revenue
- $543.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Austin, TX
- Founding
- 05/1983
- Data as of
- 08/2021
- EIN
- 74-2252691
Organization Overview
Austin Chamber Music Center is located in Austin, TX. The organization was established in 1983. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2021, Austin Chamber Music Center employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Austin Chamber Music Center 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 08/2021, Austin Chamber Music Center generated $543.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $486.4k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 6 years. 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
THE AUSTIN CHAMBER MUSIC CENTER CREATES CHAMBER MUSIC EXPERIENCES THAT CONNECT, EDUCATE, AND INSPIRE OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACMC'S 2020-21 CONCERT SEASON, "CHAMBER CONNECT," TOOK PLACE BETWEEN SEPTEMBER 2020 AND APRIL 2021. THE CONCERTS WERE LIVESTREAMED DUE TO THE PANDEMIC. THE SEASON ALSO INCLUDES TWO CHARLIE BROWN CHRISTMAS CONCERTS THAT WERE ALSO LIVESTREAMED. THE GOAL OF THE SEASON CONCERTS IS TO PRESENT AND PRODUCE THE BEST IN CHAMBER MUSIC IN A THEMATIC, CREATIVE, AND INTERACTIVE FASHION. IN ADDITION, ACMC'S SUMMER FESTIVAL TOOK PLACE OUTDOORS IN JULY 2021 BRINGING LIVE IN-PERSON CHAMBER MUSIC TO THE AUSTIN COMMUNITY FOR THE FIRST TIME SINCE THE START OF THE PANDEMIC. FESTIVAL CONCERTS WERE ALSO LIVESTREAMED.
ACMC'S FALL, SPRING, AND SUMMER INSTRUCTIONAL PROGRAMS TAKE PLACE BOTH IN AND OUT OF SCHOOLS FROM SEPTEMBER THROUGH JULY. PROGRAMS WERE HEAVILY DISRUPTED BY THE PANDEMIC AND WERE SHIFTED ONLINE, OUTDOORS, AND BACK TO IN-PERSON INDOORS ONCE IT WAS SAFE TO DO SO. STUDENTS RECEIVED CHAMBER MUSIC COACHING ON SELECTED REPERTOIRE THAT WAS THEN PERFORMED AT SEMESTER END RECITALS IN ADDITION TO VIRTUAL COMPOSITION INSTRUCTION.
THE COLTMAN CHAMBER MUSIC COMPETITION PROVIDES PERFORMANCE EXPERIENCE AND EXPERT COMMENTARY TO ADVANCED CHAMBER ENSEMBLES ALONG WITH CASH PRIZES, SCHOLARSHIPS AND PERFORMANCE OPPORTUNITIES. THE 8TH ANNUAL EVENT TOOK PLACE ONLINE IN MARCH 2021 AND FEATURED OVER 40 ENSEMBLES FROM ACROSS THE COUNTRY. BOTH THE JUNIOR (MIDDLE/HIGH SCHOOL) AND SENIOR (COLLEGIATE/GRADUATE) DIVISIONS CONTAINED TWO SUB-DIVISIONS OF STRING AND PIANO ENSEMBLES AND MIXED INSTRUMENTAL ENSEMBLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia Marsden President | OfficerTrustee | 4 | $0 |
Anne Marie Palmer Treasurer | OfficerTrustee | 3 | $0 |
Judy Matula Secretary | OfficerTrustee | 2 | $0 |
Eric Wittek Vice President | OfficerTrustee | 2 | $0 |
Roanna Flowers Director | Trustee | 2 | $0 |
Herb Schwetman Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $38,377 |
| Related organizations | $0 |
| Government grants | $183,241 |
| All other contributions, gifts, grants, and similar amounts not included above | $267,605 |
| Noncash contributions included in lines 1a–1f | $16,683 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $489,223 |
| Total Program Service Revenue | $67,993 |
| Investment income | $1,059 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$15,304 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $543,096 |
| 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 | $253,933 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,295 |
| Payroll taxes | $18,689 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,543 |
| Advertising and promotion | $8,112 |
| Office expenses | $7,471 |
| Information technology | $4,472 |
| Royalties | $1,009 |
| Occupancy | $34,684 |
| Travel | $600 |
| 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 | $2,809 |
| Insurance | $4,668 |
| All other expenses | $0 |
| Total functional expenses | $486,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,318 |
| Savings and temporary cash investments | $296,458 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,859 |
| 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 | $9,998 |
| Net Land, buildings, and equipment | $23,142 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $11,039 |
| Intangible assets | $0 |
| Other assets | $2,531 |
| Total assets | $391,345 |
| Accounts payable and accrued expenses | $8,599 |
| Grants payable | $0 |
| Deferred revenue | $102,838 |
| 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 | $57,671 |
| Total liabilities | $169,108 |
| Net assets without donor restrictions | $222,237 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $391,345 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Austin Chamber Music Center has recieved totaling $70,336.
| Awarding Organization | Amount |
|---|---|
Bbb Serving The Heart Of Texas Austin, TX PURPOSE: COVID-19 EMERGENCY RELIEF | $20,000 |
Still Water Foundation Ii Austin, TX PURPOSE: CHARITABLE - FOR GENERAL OPERATING SUPPORT. | $20,000 |
Kodosky Foundation Austin, TX PURPOSE: ORGANIZATION'S EXEMPT PURPOSE | $15,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,239 |
Michael & Alice Kuhn Foundation Austin, TX PURPOSE: GENERAL SUPPORT OF THE ORGANIZATION | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $97 |
Endowment Analysis
| Beg. Balance | $8,964 |
| Earnings | $2,577 |
| Admin Expense | $102 |
| Grants | $400 |
| Ending Balance | $11,039 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James Dick Foundation For The Performing Arts Round Top, TX | $11,443,397 | $1,538,849 |
Suzuki Institute Of Dallas Dallas, TX | $1,326,376 | $1,015,482 |
Armstrong Community Music School Austin, TX | $2,247,979 | $838,136 |
Kids Who Care Inc Fort Worth, TX | $671,145 | $801,127 |
Barthelmes Conservatory Inc Tulsa, OK | $226,346 | $568,241 |
Austin Chamber Music Center Austin, TX | $391,345 | $543,096 |
Taos School Of Music Incorporated Taos, NM | $3,000,343 | $563,635 |
Art & Drama Centre Theatre Plano, TX | $0 | $350,681 |
Oklahoma Youth Orchestra Inc Oklahoma City, OK | $117,077 | $298,770 |
Ovation Academy Mc Kinney, TX | $32,203 | $301,490 |
Dance Arts Los Alamos White Rock, NM | $79,826 | $313,726 |
Oklahoma Music Educators Association Muskogee, OK | $135,662 | $236,159 |