Chamber Music Society Of Lincoln Center Inc
- Assets
- $73.1m
- Revenue
- $18.0m
- Investments
- $33.1m
- Employees
- 36
- Location
- New York, NY
- Founding
- 03/1969
- Data as of
- 06/2022
- EIN
- 13-2628036
Organization Overview
Chamber Music Society Of Lincoln Center Inc is located in New York, NY. The organization was established in 1969. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Chamber Music Society Of Lincoln Center Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chamber Music Society Of Lincoln Center 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 06/2022, Chamber Music Society Of Lincoln Center Inc generated $18.0m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $9.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CHAMBER MUSIC SOCIETYS MISSION IS TO STIMULATE AND SUPPORT THE APPRECIATION PERFORMANCE AND COMPOSITION OF CHAMBER MUSIC
Describe the Organization's Program Activity:
MUSICAL PEFORMANCES: CMS ANNUALLY PRODUCES AN AMBITIOUS SEASON OF CON- CERTS IN OUR TWO VENUES AT LINCOLN CENTER IN NEW YORK, WHICH WERE SPE- CIFICALLY DESIGNED FOR THE PRESENTATION OF CHAMBER MUSIC. THE ORGANIZ- ATION IS COMPRISED OF A MULTI-GENERATIONAL AND INTERNATIONAL ROSTER OF THE FINEST CHAMBER MUSICIANS, ENABLING US TO PRESENT CHAMBER MUSIC OF EVERY INSTRUMENTATION, STYLE, AND PERIOD. OUR CONCERTS FEATURE THOUGH- TFULLY CURATED PERFORMANCES OF MASTERWORKS AND IMPORTANT WORKS BY A DIVERSE RANGE OF CONTEMPORARY AND LIVING COMPOSERS. CMS ALSO CONDUCTS OUTREACH TO DIVERSE AUDIENCES IN NEW YORK CITY, AND PROVIDES UNPARALLELED CAREER BUILDING OPPORTUNITIES FOR OUTSTANDING EARLY- CAREER MUSICIANS.
RECORDING,PRODUCTION & DISTRIBUTION: CMS FILMS ALL LIVE PERFORMANCES, STREAMS SELECT SHOWS ONLINE, AND DISTRIBUTES WORLDWIDE VIA MEDIA PARTNERS.
TOURING: EACH SEASON CMS PURSUES A VIGOROUS TOURING SCHEDULE ACROSS THE UNITED STATES, NORTH AND SOUTH AMERICA, EUROPE AND ASIA. WHILE ON TOUR OUR ARTISTS GIVE MASTER CLASSES, COACHINGS, AND LECTURES FOR LOCAL STUDENTS AND AUDIENCES. IN ADDITION TO LONG STANDING RESIDENCIES CMS STRIVES TO BRING CHAMBER MUSIC TO PLACES WHERE IT IS LESS COMMON AND STRENGTHEN INTEREST WHERE A TRADITION OF CHAMBER MUSIC ALREADY
EDUCATION: EACH YEAR, THOUSANDS OF CHILDREN AND ADULTS PARTICIPATE IN CMS'S EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS. FOR ADULTS, WE OFFER MASTER CLASSES, PRE-CONCERT COMPOSER TALKS, LECTURES ON SEASON REPERTOIRE, AND ENTERTAINING PROGRAM NOTES THAT ENHANCE AUDIENCE ENJOYMENT. WE ALSO LEAD A COMPETITIVE THREE-YEAR RESIDENCY PROGRAM FOR EARLY-CAREER CHAMBER MUSICIANS. OUR YOUTH INITIATIVES INCLUDE FAMILY CONCERTS, A RELAXED PERFORMANCE SERIES FOR CHILDREN WHO ARE NEURO- DIVERSE, A CLASSROOM ELEMENTARY SCHOOL PROGRAM THAT TEACHES MUSIC FUNDAMENTALS, YOUTH MENTORSHIP AND PERFORMANCE TRAINING PROGRAMS, A STUDENT-LED INTITIATIVE ON EQUITY AND INCLUSION IN CHAMBER MUSIC, AND AN OPEN REHEARSAL SERIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elinor L Hoover Trustee | Trustee | 3 | $0 |
Phyllis Grann Trustee | Trustee | 3 | $0 |
Robert Hoglund Chairperson | Trustee | 3 | $0 |
Peter W Keegan Vice Chairperson | Trustee | 3 | $0 |
Tatiana Pouschine Treasurer | Trustee | 3 | $0 |
Paul B Gridley Trustee | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Artistled Llc Artistic Direction Perfo | 6/29/22 | $544,608 |
Serino Coyne Llc Advertising Promotion | 6/29/22 | $199,052 |
Mercer Investment Advisory | 6/29/22 | $132,100 |
Solid State Technology Consulting | 6/29/22 | $119,052 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,008,795 |
| Related organizations | $0 |
| Government grants | $2,591,345 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,011,916 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,612,056 |
| Total Program Service Revenue | $2,183,495 |
| Investment income | $1,279,881 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $63,675 |
| Net Rental Income | $24,046 |
| Net Gain/Loss on Asset Sales | $223,835 |
| Net Income from Fundraising Events | -$374,209 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,689 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,017,468 |
| 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. | $1,705,483 |
| Compensation of current officers, directors, key employees. | $86,124 |
| Compensation to disqualified persons | $1,414,982 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $77,926 |
| Other employee benefits | $444,125 |
| Payroll taxes | $239,971 |
| Fees for services: Management | $131,801 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $65,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $194,510 |
| Fees for services: Other | $461,101 |
| Advertising and promotion | $705,050 |
| Office expenses | $54,392 |
| Information technology | $97,766 |
| Royalties | $0 |
| Occupancy | $318,052 |
| Travel | $267,524 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,916 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $472,738 |
| Insurance | $55,343 |
| All other expenses | $0 |
| Total functional expenses | $9,855,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,922,012 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,791,630 |
| 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 | $469,655 |
| Net Land, buildings, and equipment | $4,881,316 |
| Investments—publicly traded securities | $25,909,068 |
| Investments—other securities | $33,131,588 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $73,105,269 |
| Accounts payable and accrued expenses | $1,328,281 |
| Grants payable | $0 |
| Deferred revenue | $892,016 |
| 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 | $2,220,297 |
| Net assets without donor restrictions | $28,331,858 |
| Net assets with donor restrictions | $42,553,114 |
| 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 | $73,105,269 |