Bravo Colorado Music Festival Endowment Foundation
- Assets
- $6.4m
- Revenue
- $19.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Vail, CO
- Founding
- 07/1998
- Data as of
- 09/2020
- EIN
- 84-1389134
Organization Overview
Bravo Colorado Music Festival Endowment Foundation is located in Vail, CO. The organization was established in 1998. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bravo Colorado Music Festival Endowment Foundation 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 09/2020, Bravo Colorado Music Festival Endowment Foundation generated $19.5k 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 (18.7%) each year. All expenses for the organization totaled $102.1k during the year ending 09/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE BRAVO! COLORADO MUSIC FESTIVAL ENDOWMENT FOUNDATION HAS BEEN CREATED TO MAINTAIN THE LONG-TERM FINANCIAL STABILITY OF MUSIC APPRECIATION WITHIN THE VAIL VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED THE BRAVO! COLORADO AT BEAVER CREEK/VAIL DBA VAIL VALLEY MUSIC FESTIVAL, A 501(C)3 ORGANIZATION DEDICATED TO PRESENTING AND SPONSORING MUSICAL EVENTS IN THE VAIL VALLEY
SUPPORTED THE BRAVO! COLORADO AT BEAVER CREEK/VAIL DBA VAIL VALLEY MUSIC FESTIVAL, A 501(C)3 ORGANIZATION DEDICATED TO PRESENTING AND SPONSORING MUSICAL EVENTS IN THE VAIL VALLEY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caitlin Murray Exective Director | Officer | 5 | $0 |
Monica White VP Of Finance & Admin | Officer | 5 | $0 |
Greg Walton Chair | Trustee | 1 | $0 |
Byron Rose Treasurer | Trustee | 1 | $0 |
Tim Dalton Vice Chair | Trustee | 1 | $0 |
Paul Becker Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $19,524 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,524 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $50,113 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Total functional expenses | $102,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $206,057 |
| 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 |
| Investments—publicly traded securities | $6,230,494 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,436,551 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $468,838 |
| 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 | $468,838 |
| 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 |
| Total liabilities and net assets/fund balances | $5,967,713 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Bravo Colorado Music Festival Endowment Foundation has recieved totaling $77,674.
| Awarding Organization | Amount |
|---|---|
Jewish Community Foundation Of Greater Kansas City Overland Park, KS PURPOSE: General support | $51,500 |
Mcdonald-Wright Foundation Avon, CO PURPOSE: TO FURTHER THE APPRECIATION OF THE PERFORMING ARTS | $14,174 |
Rose Community Foundation Denver, CO PURPOSE: General Operating Support | $12,000 |
Endowment Analysis
| Beg. Balance | $6,050,253 |
| Earnings | -$30,589 |
| Admin Expense | $1,951 |
| Other Expense | $50,000 |
| Ending Balance | $5,967,713 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oklahoma City National Memorial Foundation Oklahoma City, OK | $43,932,179 | $4,892,726 |
Friends Of Public Radio Arizona Tempe, AZ | $7,510,291 | $7,440,783 |
Denver Art Museum Foundation Denver, CO | $207,954,853 | $33,249,188 |
Friends Of Oeta Inc Oklahoma City, OK | $52,803,812 | $14,188,991 |
Opas Foundation Omaha, NE | $216,930,638 | $54,646,266 |
Museum Of New Mexico Foundation Santa Fe, NM | $51,964,866 | $8,605,972 |
Dmns Foundation Denver, CO | $168,202,725 | $31,941,607 |
Clyfford Still Museum Foundation Denver, CO | $160,969,221 | $5,009,227 |
Science Museum Oklahoma Affiliated Fund Of Occf Inc Oklahoma City, OK | $67,323,215 | $1,438,504 |
Helen G Bonfils Foundation Denver, CO | $34,648,703 | $452,300 |
Phoenix Art Museum Endowment Fund Inc Phoenix, AZ | $32,304,336 | $805,868 |
Great Platte River Road Memorial Foundation Kearney, NE | $17,944,245 | $1,032,269 |