Sitka Music Festival Inc
- Assets
- $4.6m
- Revenue
- $833.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Sitka, AK
- Founding
- 04/1980
- Data as of
- 08/2021
- EIN
- 92-0075160
Organization Overview
Sitka Music Festival Inc is located in Sitka, AK. The organization was established in 1980. 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 08/2021, Sitka Music Festival Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sitka 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 08/2021, Sitka Music Festival Inc generated $833.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $592.8k during the year ending 08/2021. While expenses have increased by 7.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRODUCE WORLD CLASS CONCERTS IN SITKA ALASKA
Describe the Organization's Program Activity:
Part 3 - Line 4a
COORDINATION, PROMOTION AND PRODUCTION OF A SERIES OF MUSICAL PERFORMANCES THROUGHOUT THE STATE OF ALASKA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kari Lundgren President | OfficerTrustee | 1 | $0 |
Elliot Bruhl Vice-Preside | OfficerTrustee | 1 | $0 |
Petra Illig Secretary | OfficerTrustee | 1 | $0 |
Jim Steffen Treasurer | OfficerTrustee | 1 | $0 |
Sharon Davies Board Member | Trustee | 1 | $0 |
June Takagi Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $134,867 |
| All other contributions, gifts, grants, and similar amounts not included above | $645,509 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $780,376 |
| Total Program Service Revenue | $49,035 |
| Investment income | $189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,429 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$99 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $833,930 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $246,705 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,825 |
| Payroll taxes | $20,685 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,944 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,706 |
| Advertising and promotion | $10,106 |
| Office expenses | $11,496 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,939 |
| Travel | $38,572 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,722 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,208 |
| Insurance | $28,947 |
| All other expenses | $0 |
| Total functional expenses | $592,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,253 |
| Savings and temporary cash investments | $56,789 |
| 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 | $8,158 |
| Prepaid expenses and deferred charges | $13,387 |
| Net Land, buildings, and equipment | $4,272,967 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,570,554 |
| Accounts payable and accrued expenses | $4,693 |
| 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 | $447,326 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $452,019 |
| Net assets without donor restrictions | $4,118,535 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,570,554 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Sitka Music Festival Inc has recieved totaling $215,228.
| Awarding Organization | Amount |
|---|---|
M J Murdock Charitable Trust Vancouver, WA PURPOSE: HISTORIC BUILDING RENOVATION | $200,000 |
Richard L & Diane M Block Foundation Tr Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Sitka Alaska Permanent Charitable Trust Las Vegas, NV PURPOSE: GENERAL OPERATING | $3,228 |
Ernst And Elfriede Frank Foundation Inc New York, NY PURPOSE: GENERAL CHARITABLE | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seattle Chamber Music Festival Seattle, WA | $3,300,530 | $1,735,052 |
Washington Music Educators Association Renton, WA | $323,514 | $851,362 |
Seattle Jazzed Seattle, WA | $4,256,285 | $2,089,197 |
Music Center Of The Northwest Inc Seattle, WA | $2,802,841 | $1,300,374 |
Spokane American Youth Hockey Club Inc Spokane, WA | $411,285 | $808,966 |
Earshot Jazz Society Of Seattle Seattle, WA | $1,491,052 | $947,117 |
Acoustic Sound Inc Milton, WA | $517,851 | $803,908 |
Soundview Uniserv Council Lakewood, WA | $662,629 | $619,022 |
Sitka Music Festival Inc Sitka, AK | $4,570,554 | $833,930 |
Pacific Northwest School Of Music Bellevue, WA | $356,935 | $667,760 |
Orcas Island Chamber Music Festival Eastsound, WA | $3,923,887 | $556,003 |
Holy Names Center At Fort Wright Spokane, WA | $316,845 | $514,185 |