Carmel Music Society
- Assets
- $736.9k
- Revenue
- $95.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Carmel, CA
- Founding
- 03/1951
- Data as of
- 06/2022
- EIN
- 94-6102547
Organization Overview
Carmel Music Society is located in Carmel, CA. The organization was established in 1951. According to its NTEE Classification (A68) the organization is classified as: Music, 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. Carmel Music Society 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 06/2022, Carmel Music Society generated $95.3k 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 (7.7%) each year. All expenses for the organization totaled $150.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) 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
CARMEL MUSIC SOCIETY PRESENTS CLASSICAL MUSIC PERFORMANCES SINCE 1927 ON THE MONTEREY PENINSULA AND TO FOSTER THE APPRECIATION OF MUSIC ACROSS THE COMMUNITY. FOR THE FISCAL YEAR ENDING 6 30 2021 THERE WERE NO CONCERTS BECAUSE OF COVID-19.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY CONCERTS WERE GIVEN BY WORLD-CLASS ARTISTS. TICKET PRICES RANGE FROM $45 TO $60 FOR ADULTS STUDENTS K-12 WERE ADMITTED FREE AND ADULT STUDENTS PAID $10.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Neiman Secretary | Officer | 1 | $0 |
Victoria Davis 1st Vice President | Officer | 1 | $0 |
Peter Thorp President | Officer | 20 | $0 |
Erik Dyar Director | Trustee | 0.5 | $0 |
Barbara Ruzicka Director | Trustee | 0.5 | $0 |
Lisa Prochazka Director | Trustee | 0.5 | $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 | $97,922 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,922 |
| Total Program Service Revenue | $42,746 |
| Investment income | -$61,249 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,729 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $95,298 |
| 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 | $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 | $3,252 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,553 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,348 |
| Office expenses | $7,756 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,779 |
| 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 | $3,895 |
| All other expenses | $2,599 |
| Total functional expenses | $150,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,303 |
| Savings and temporary cash investments | $34,802 |
| 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 | $13,579 |
| Net Land, buildings, and equipment | $87,988 |
| Investments—publicly traded securities | $304,764 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $191,478 |
| Total assets | $736,914 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $545,436 |
| Net assets with donor restrictions | $191,478 |
| 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 | $736,914 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carmel Music Society has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
E Nakamichi Foundation Culver City, CA PURPOSE: TO SUPPORT LIVE CONCERTS | $5,000 |
Endowment Analysis
| Beg. Balance | $232,626 |
| Earnings | -$49,632 |
| Net Contributions | $8,484 |
| Ending Balance | $191,478 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Musicares Foundation Inc Santa Monica, CA | $28,828,154 | $32,357,649 |
San Francisco Jazz Organization San Francisco, CA | $64,965,614 | $11,913,007 |
Music Concourse Community Partnership San Francisco, CA | $31,271,076 | $4,428,131 |
Berkeley Music Group Berkeley, CA | $6,181,022 | $4,579,247 |
Kronos Performing Arts Assn San Francisco, CA | $1,591,460 | $2,774,082 |
Monterey Jazz Festival Monterey, CA | $3,593,346 | $4,129,138 |
Mosier Community School Foundation Inc Mosier, OR | $3,936,713 | $2,235,279 |
Carmel Bach Festival Inc Carmel, CA | $1,675,160 | $2,099,477 |
Camerata Pacifica Santa Barbara, CA | $1,526,106 | $1,221,933 |
American Bach Soloists San Francisco, CA | $908,845 | $1,282,181 |
Music For Minors Inc San Carlos, CA | $710,130 | $1,519,051 |
New West Symphony Association Thousand Oaks, CA | $774,216 | $1,642,962 |