Santa Fe Chamber Music Festival Ltd
- Assets
- $1.3m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 17
- Location
- Santa Fe, NM
- Founding
- 05/1973
- Data as of
- 10/2022
- EIN
- 85-0224461
Organization Overview
Santa Fe Chamber Music Festival Ltd is located in Santa Fe, NM. The organization was established in 1973. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 10/2022, Santa Fe Chamber Music Festival Ltd employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Fe Chamber Music Festival Ltd 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 10/2022, Santa Fe Chamber Music Festival Ltd generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $2.7m during the year ending 10/2022. While expenses have increased by 3.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ADVANCEMENT OF THE ART OF MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER MUSIC FESTIVAL: THE SANTA FE CHAMBER MUSIC FESTIVAL BRINGS TOGETHER THE WORLD'S FINEST MUSICIANS TO PERFORM CHAMBER MUSIC IN ALL ITS FORMS; BUILDS A BROAD AND KNOWLEDGEABLE AUDIENCE OF ALL AGES; AND ENHANCES THE CULTURAL ENVIRONMENT OF SANTA FE AND NEW MEXICO. THE SUMMER FESTIVAL IS HELD FOR SIX WEEKS EACH SUMMER. THE 2022 SEASON PROVIDED 38 CONCERT PRODUCTIONS IN SANTA FE. WORLD-CLASS PROFESSIONAL MUSICIANS FROM AROUND THE GLOBE PLAYED FOR AUDIENCES VISITNG SANTA FE FROM AROUND THE COUNTRY.
EDUCATION & OUTREACH: THE FESTIVAL PROVIDES ENRICHMENT PROGRAMS FOR CHILDREN, YOUTH AND ADULTS IN SANTA FE AND NORTHERN NEW MEXICO. THROUGH THE MUSIC IN OUR SCHOOLS, STRINGS IN OUR SCHOOLS, GUITARS IN OUR SCHOOLS AND DREAM BIG PROGRAMS, THE EDUCATION COMPONENT OF THE FESTIVAL'S PROGRAMMING INTRODUCES YOUNG AUDIENCES TO WORLD CLASS CHAMBER MUSIC AND ENABLES STUDENTS TO STUDY VIOLIN AND GUITAR WITH PROFESSIONAL INSTRUCTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Ovitsky CEO | Officer | 40 | $209,679 |
Marc Neikrug Artistic Director | Officer | 40 | $203,199 |
Elizabeth Derringer Development Director | 40 | $120,698 | |
Nancy Steedman Controller/cfo | Officer | 20 | $64,400 |
Michael Everett President | OfficerTrustee | 1 | $0 |
Robert Clarke Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $184,700 |
| Related organizations | $477,500 |
| Government grants | $48,722 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,358,011 |
| Noncash contributions included in lines 1a–1f | $345,845 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,068,933 |
| Total Program Service Revenue | $623,811 |
| Investment income | $3,561 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$546 |
| Net Income from Fundraising Events | -$10,755 |
| Net Income from Gaming Activities | $6,200 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,691,404 |
| 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. | $493,171 |
| Compensation of current officers, directors, key employees. | $131,964 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $511,442 |
| Pension plan accruals and contributions | $14,454 |
| Other employee benefits | $63,890 |
| Payroll taxes | $52,379 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $508 |
| Fees for services: Accounting | $19,633 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $768,736 |
| Advertising and promotion | $261,781 |
| Office expenses | $69,122 |
| Information technology | $7,798 |
| Royalties | $0 |
| Occupancy | $89,785 |
| Travel | $2,573 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,108 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,000 |
| Insurance | $12,406 |
| All other expenses | $1,980 |
| Total functional expenses | $2,681,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,325 |
| Savings and temporary cash investments | $104,452 |
| Pledges and grants receivable | $130,500 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,466 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $59,894 |
| Net Land, buildings, and equipment | $189,704 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $700,711 |
| Total assets | $1,291,052 |
| Accounts payable and accrued expenses | $118,371 |
| Grants payable | $0 |
| Deferred revenue | $84,909 |
| 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 | $149,719 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,429 |
| Total liabilities | $354,428 |
| Net assets without donor restrictions | $425,288 |
| Net assets with donor restrictions | $511,336 |
| 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 | $1,291,052 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Santa Fe Chamber Music Festival Ltd has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Mickey Inbody Charitable Foundation Inc Los Alamos, NM PURPOSE: OPERATIONS | $2,000 |
Turnip Top Foundation Santa Fe, NM PURPOSE: SUPPORT 501C3 ORGANIZATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Santa Fe Chamber Music Festival Ltd Santa Fe, NM | $1,291,052 | $2,691,404 |
Jazzbird Foundation Carefree, AZ | $371,107 | $1,611,890 |
Crossmen Productions Inc San Antonio, TX | $778,928 | $1,511,300 |
Ascend Performing Arts Inc Aurora, CO | $644,081 | $1,975,657 |
Santa Fe Pro Musica Inc Santa Fe, NM | $501,673 | $918,775 |
Texas Bandmasters Association Inc San Antonio, TX | $1,139,191 | $835,883 |
Still Water Foundation Durango, CO | $395,161 | $657,315 |
Arizona Friends Of Chamber Music Tucson, AZ | $1,259,691 | $434,592 |
Bandera County Junior Livestock Show Association Bandera, TX | $697,248 | $530,611 |
Bandera County Helping Hand Center Bandera, TX | $1,402,812 | $225,618 |
Houston Saengerbund Houston, TX | $4,613,712 | $574,373 |
Berkner Area Band Club Inc Richardson, TX | $88,792 | $278,485 |