Portland Chamber Music Festival
- Assets
- $177.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Portland, ME
- Founding
- 01/1994
- Data as of
- 12/2021
- EIN
- 01-0484781
Organization Overview
Portland Chamber Music Festival is located in Portland, ME. The organization was established in 1994. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Portland Chamber Music Festival employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland 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 12/2021, Portland Chamber Music Festival generated $162.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $133.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDES EDUCATIONAL OPPORTUNITIES AND ENHANCES THE CULTURAL LIFE OF MAINE BY PRESENTING CONCERTS OF CLASSICAL CHAMBER MUSIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice Kornhauser Foundation Manager | 20 | $29,120 | |
Melissa L Reardon Artistic Director | 20 | $20,030 | |
Richard Kraut Trustee | 1 | $0 | |
Mark Abbott President | 1 | $0 | |
Wendy Laidlaw Trustee | 1 | $0 | |
David Goldman Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,611 |
| Total Program Service Revenue | $11,645 |
| Membership dues | $0 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $9,007 |
| Other Revenue | $15,300 |
| Total Revenue | $162,570 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $82,399 |
| Professional fees and other payments to independent contractors | $3,134 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $846 |
| Other expenses | $46,725 |
| Total expenses | $133,104 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $177,531 |
| Other assets | $0 |
| Total assets | $177,531 |
| Total liabilities | $0 |
| Net assets or fund balances | $177,531 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Portland Chamber Music Festival has recieved totaling $46,180.
| Awarding Organization | Amount |
|---|---|
Davis Family Foundation Yarmouth, ME PURPOSE: 2022 Concert Season and Strategic Initiatives | $12,500 |
Sam L Cohen Foundation Portland, ME PURPOSE: OPERATING SUPPORT | $10,000 |
Onion Foundation Wayne, ME PURPOSE: GENERAL PURPOSE | $7,500 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Music | $5,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,323 |
Robert & Dorothy Goldberg Charitable Foundation Portland, ME PURPOSE: PROGRAMMING SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Portland Maine Symphony Orchestra Portland, ME | $14,736,748 | $3,659,418 |
Bangor Symphony Orchestra Bangor, ME | $3,668,004 | $928,953 |
Symphony New Hampshire Nashua, NH | $876,632 | $615,324 |
Midcoast Symphony Orchestra Brunswick, ME | $0 | $58,732 |
Seacoast Community Chamber Orchestra Portsmouth, NH | $210,385 | $0 |
Portland Chamber Music Festival Portland, ME | $177,531 | $0 |
New Hampshire Philharmonic Orchestra Incorporated Concord, NH | $89,497 | $0 |
Camerata New England Inc Hanover, NH | $47,814 | $0 |
Lakes Region Symphony Orchestra Meredith, NH | $93,292 | $0 |
The Nashua Community Chamber Orchestra Nashua, NH | $57,946 | $0 |