Crested Butte Music Festival Inc
- Assets
- $370.8k
- Revenue
- $452.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Crested Butte, CO
- Founding
- 12/1997
- Data as of
- 09/2022
- EIN
- 84-1374824
Organization Overview
Crested Butte Music Festival Inc is located in Crested Butte, CO. The organization was established in 1997. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2022, Crested Butte Music Festival Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crested Butte 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 09/2022, Crested Butte Music Festival Inc generated $452.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.8%) each year. All expenses for the organization totaled $610.0k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (11.6%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A WIDE VARIETY OF LIVE MUSIC PERFORMANCES INCLUDING ORCHESTRA, CHAMBER MUSIC, JAZZ, AND BLUEGRASS DURING A SUMMER CONCERT SERIES OF ABOUT 40 EVENTS. CBMF ALSO PROVIDES AND SUPPORTS MUSIC EDUCATION PROGRAMS FOR ADULTS AND CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTED 20 CONCERTS, A GALA, 3 MUSIC CAMPS, 5 MUSIC LECTURES, PRESENTATIONS FOR 3 SCHOOL MUSIC PROGRAMS, 2 SENIOR CENTER PROGRAM, AND MUSIC FOR HISPANIC HERITAGE CELEBRATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Keiser President | OfficerTrustee | 8 | $0 |
David Winn Treasurer | OfficerTrustee | 1 | $0 |
Denise Hawk Board Member | Trustee | 1 | $0 |
Glenda Bertelsmeyer Board Member | Trustee | 1 | $0 |
Bobbie Reinhardt Board Member | Trustee | 1 | $0 |
Sandy Dorf Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $41,500 |
| Fundraising events | $7,000 |
| Related organizations | $0 |
| Government grants | $107,760 |
| All other contributions, gifts, grants, and similar amounts not included above | $216,054 |
| Noncash contributions included in lines 1a–1f | $72,068 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $372,314 |
| Total Program Service Revenue | $93,405 |
| Investment income | $72 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,000 |
| Net Income from Fundraising Events | -$17,274 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $452,517 |
| 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. | $78,000 |
| Compensation of current officers, directors, key employees. | $78,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,186 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,944 |
| Payroll taxes | $16,165 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,155 |
| Advertising and promotion | $82,163 |
| Office expenses | $1,929 |
| Information technology | $28,631 |
| Royalties | $0 |
| Occupancy | $3,387 |
| Travel | $38,839 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,330 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,530 |
| Insurance | $5,958 |
| All other expenses | $20,031 |
| Total functional expenses | $610,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,460 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,500 |
| 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 | $2,000 |
| Net Land, buildings, and equipment | $6,808 |
| Investments—publicly traded securities | $346,072 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $370,840 |
| Accounts payable and accrued expenses | $27,335 |
| 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 | $27,335 |
| Net assets without donor restrictions | -$2,567 |
| Net assets with donor restrictions | $346,072 |
| 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 | $370,840 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Crested Butte Music Festival Inc has recieved totaling $12,305.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of The Gunnison Valley Gunnison, CO PURPOSE: GENERAL OPERATING & PROG SUPPORT | $6,450 |
Community Foundation Of The Gunnison Valley Gunnison, CO PURPOSE: GEN OPS | $5,350 |
Anne Lamkin Kinder Foundation Inc Houston, TX PURPOSE: GENERAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $483,979 |
| Earnings | -$112,559 |
| Other Expense | $25,348 |
| Ending Balance | $346,072 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Artspace Inc Salt Lake City, UT | $34,050,741 | $4,832,458 |
Downtown Denver Events Inc Denver, CO | -$3,259,692 | $2,252,393 |
Robert S & Grayce B Kerr Foundation Inc Oklahoma City, OK | $19,234,723 | $2,069,941 |
Create Academy Inc Tempe, AZ | $184,127 | $1,377,364 |
Arizona Health Information Network Incorporated Tucson, AZ | $1,547,927 | $1,862,672 |
Nac Development Corporation Omaha, NE | $1,861,422 | $979,250 |
Wyofile Lander, WY | $990,906 | $1,070,369 |
Morrison Theatre Company Golden, CO | $5,960,038 | $3,214,249 |
Crested Butte Music Festival Inc Crested Butte, CO | $370,840 | $452,517 |
Talking Talons Youth Leadership Cedar Crest, NM | $469,184 | $610,447 |
Xico Inc Phoenix, AZ | $2,244,663 | $853,373 |
Salina Baseball Enterprises Inc Salina, KS | $429,508 | $0 |