Colorado Music Festival

Organization Overview

Colorado Music Festival is located in Boulder, CO. The organization was established in 1976. 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 12/2021, Colorado Music Festival employed 152 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado 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 12/2021, Colorado Music Festival generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO INSPIRE AND CONNECT COMMUNITY MEMBERS OF ALL AGES BY PROVIDING ACCESS TO THE BEST OF THE WORLD'S MUSIC THROUGH EDUCATION AND PERFORMANCE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COLORADO MUSIC FESTIVAL HELD AN IN-PERSON FESTIVAL AT CHAUTAUQUA AUDITORIUM. DUE TO CONTINUED COVID-19 CONCERNS, THE SIZE OF THE ORCHESTRA WAS REDUCED TO A MAXIMUM OF 55 PLAYERS, ALL EMPLOYEES AND GUEST ARTISTS WERE REQUIRED TO SHOW PROOF OF VACCINATION AND A TESTING PROTOCOL OF TWO TESTS PER WEEK WAS FOLLOWED BY ALL PARTICIPANTS. AUDIENCES WERE INITIALLY CONTAINED TO "BUBBLES" OF FOUR SEATS, SPACED BY SIX FEET ON EACH SIDE, BUT AS COUNTY HEALTH RESTRICTIONS EASED, MORE SEATS WERE OPENED. THE FESTIVAL WAS WELL-RECEIVED AND AN ARTISTIC SUCCESS, BOASTING FOUR WORLD-PREMIERE PERFORMANCES AND RECEIVING CRITICAL ACCLAIM IN TOP CLASSICAL MUSIC PUBLICATIONS ACROSS THE WORLD. TICKET SALES EXCEEDED THE CONSERVATIVE BUDGET EXPECTATIONS.


THE CENTER FOR MUSICAL ARTS CELEBRATED ITS 25TH ANNIVERSARY IN 2021, BOASTING A SUCCESSFUL FUNDRAISING EFFORT TO RAISE $250,000 TOWARDS CENTER IMPROVEMENTS, FACULTY RECRUITMENT AND PROGRAM ENHANCEMENTS. STUDENT PARTICIPATION CONTINUED IN A HYBRID OF ONLINE AND IN-PERSON LEARNING. WHILE MOST ENSEMBLES WERE NOT ABLE TO CONGREGATE UNTIL THE END OF THE YEAR, MOST OF THE STUDENTS CONTINUED WITH PRIVATE LESSON STUDY. BY THE END OF 2021, THE MAJORITY OF LESSONS WERE DELIVERED IN-PERSON WITH THE COUNTY'S MASK MANDATE STILL IN PLACE. ALL FACULTY TEACHING IN-PERSON WERE REQUIRED TO SHOW PROOF OF VACCINATION. STUDENT RECITALS RESUMED IN-PERSON AT THE END OF THE FALL/ WINTER SEMESTER AS WELL.


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Board, Officers & Key Employees

Name (title)Compensation
Elizabeth Mcguire
Executive Director
$101,500
Anne Beer
President
$0
David Brunel
Treasurer
$0
John Krampf
Secretary
$0
Andrea Berry
Trustee
$0
Kathy Minter
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$382,858
Related organizations$0
Government grants $997,777
All other contributions, gifts, grants, and similar amounts not included above$791,208
Noncash contributions included in lines 1a–1f $1,383
Total Revenue from Contributions, Gifts, Grants & Similar$2,171,843
Total Program Service Revenue$871,489
Investment income $4,249
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $28,581
Net Income from Fundraising Events -$64,318
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $652
Miscellaneous Revenue$0
Total Revenue $3,012,496

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Colorado Music Festival has recieved totaling $142,004.

Awarding OrganizationAmount
The Community Foundation

Boulder, CO

PURPOSE: General operating support, musician support, Heartstrings Program, and various others

$43,351
Community First Foundation

Arvada, CO

PURPOSE: GENERAL PURPOSE

$35,518
Fairfield Countys Community Foundation Inc

Norwalk, CT

PURPOSE: FOR GENERAL SUPPORT.

$25,000
Denver Foundation

Denver, CO

PURPOSE: GENERAL OPERATING SUPPORT

$21,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: ARTS, CULTURE & HUMANITIES

$17,050
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$85
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$78,088
Earnings$7,761
Admin Expense$844
Grants$2,986
Ending Balance$82,019

Peer Organizations

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