Orcas Island Chamber Music Festival
- Assets
- $4.1m
- Revenue
- $608.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Eastsound, WA
- Founding
- 03/1998
- Data as of
- 10/2023
- EIN
- 91-1886480
Organization Overview
Orcas Island Chamber Music Festival is located in Eastsound, WA. The organization was established in 1998. 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 10/2023, Orcas Island Chamber Music Festival employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orcas Island Chamber 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 10/2023, Orcas Island Chamber Music Festival generated $608.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $830.3k during the year ending 10/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESENT AN ANNUAL CHAMBER MUSIC FESTIVAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FESTIVAL: ANNUAL MAIN FESTIVAL IN AUGUST. INCLUDES 10 MAIN STAGE CONCERTS, 5 LIVESTREAMS, CHILDREN'S CONCERT, PRE-CONCERT TALKS, MERCHANDISE SALES.
MUSIC EDUCATION INCLUDING MUSICIANS-IN-RESIDENCE, WEEKLY MUSIC FOR LOCAL PRESCHOOLS, OFF-SEASON CONCERTS (FORMAL AND POP-UP), LIVESTREAMS, MERCHANDISE
RECORDING PROJECTS: AS PER OUR MISSION STATEMENT, "TO PARTICIPATE IN THE PRESERVATION OF EXCEPTIONAL EXAMPLES OF CHAMBER MUSIC PERFORMANCE."
PUBLICATIONS: SUMMER FESTIVAL PROGRAM BOOK INCLUDING EXTENSIVE PROGRAM NOTES, ANNUAL REPORT, ALL ACTIVITIES THROUGHOUT THE YEAR
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Bergman President | OfficerTrustee | 8 | $0 |
Jack Groban Vice President | OfficerTrustee | 2 | $0 |
Marsha Waunch Secretary | OfficerTrustee | 3 | $0 |
Carl DE Boor Treasurer | OfficerTrustee | 8 | $0 |
Micki Ryan Board Member | Trustee | 2 | $0 |
Roger Sherman Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $510,820 |
| Noncash contributions included in lines 1a–1f | $3,402 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $510,820 |
| Total Program Service Revenue | $76,215 |
| Investment income | $25,970 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,002 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,402 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $608,726 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $68,208 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $215,492 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,320 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,551 |
| Fees for services: Other | $245,657 |
| Advertising and promotion | $6,081 |
| Office expenses | $37,054 |
| Information technology | $3,958 |
| Royalties | $732 |
| Occupancy | $68,433 |
| Travel | $34,864 |
| 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 | $7,441 |
| All other expenses | $9,153 |
| Total functional expenses | $830,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,096 |
| Savings and temporary cash investments | $797,481 |
| Pledges and grants receivable | $400 |
| Accounts receivable, net | $3,493 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,870 |
| Prepaid expenses and deferred charges | $423 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,259,907 |
| Total assets | $4,095,670 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,535 |
| Total liabilities | $1,535 |
| Net assets without donor restrictions | $2,939,737 |
| Net assets with donor restrictions | $1,154,398 |
| 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 | $4,095,670 |