Portland Chamber Music Festival
- Assets
- $151.5k
- Revenue
- $228.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Portland, ME
- Founding
- 01/1994
- Data as of
- 12/2023
- 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 12/2023, Portland Chamber Music Festival employed 3 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 12/2023, Portland Chamber Music Festival generated $228.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $224.1k during the year ending 12/2023. While expenses have increased by 3.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CONNECT, INSPIRE, AND CELEBRATE COMMUNITY THROUGH THE UNIQUELY INTIMATE POWER OF CHAMBER MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENHANCES THE CULTURAL LIFE OF SOUTHERN MAINE BY BRINGING INTERNATIONALLY RENOWNED ARTISTS TO PORTLAND TO PERFORM A WIDE RANGE OF CLASSICAL AND CONTEMPORARY CHAMBER MUSIC, INCLUDING EDUCATION AND ENGAGEMENT PROGRAMS FOR COMMUNITY MEMBERS OF ALL AGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice Kornhauser Executive Director | Officer | 20 | $40,404 |
Chase Whelan Trustee | Trustee | 1 | $0 |
Gabriel Lasalle Trustee | Trustee | 1 | $0 |
Rosemary Reed Trustee | Trustee | 1 | $0 |
Samuel Frank Trustee | Trustee | 1 | $0 |
Daniel Dube Trustee | 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 | $176,570 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,570 |
| Total Program Service Revenue | $43,231 |
| Investment income | $3,648 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,927 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$361 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $228,015 |
| 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. | $40,404 |
| Compensation of current officers, directors, key employees. | $40,404 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,125 |
| Pension plan accruals and contributions | $1,910 |
| Other employee benefits | $0 |
| Payroll taxes | $7,308 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,972 |
| Advertising and promotion | $12,139 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $267 |
| Occupancy | $12,367 |
| 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 | $3,199 |
| All other expenses | $9,786 |
| Total functional expenses | $224,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,989 |
| Savings and temporary cash investments | $128,146 |
| Pledges and grants receivable | $9,410 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $151,545 |
| 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 | $1,018 |
| Total liabilities | $1,018 |
| Net assets without donor restrictions | $150,527 |
| 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 | $151,545 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Portland Maine Symphony Orchestra Portland, ME | $16,462,994 | $4,332,163 |
Bangor Symphony Orchestra Bangor, ME | $3,375,248 | $1,063,559 |
Symphony New Hampshire Nashua, NH | $872,145 | $560,729 |
Seacoast Community Chamber Orchestra Portsmouth, NH | $211,073 | $295,031 |
Portland Chamber Music Festival Portland, ME | $151,545 | $228,015 |
New Hampshire Philharmonic Orchestra Incorporated Concord, NH | $175,360 | $278,577 |
Midcoast Symphony Orchestra Brunswick, ME | $0 | $58,732 |
Camerata New England Inc Hanover, NH | $17,034 | $0 |
Lakes Region Symphony Orchestra Meredith, NH | $165,424 | $0 |
The Nashua Community Chamber Orchestra Nashua, NH | $58,844 | $0 |