Chamber Music America Inc
- Assets
- $16.2m
- Revenue
- $2.1m
- Investments
- $2.6m
- Employees
- 9
- Location
- New York, NY
- Founding
- 06/1978
- Data as of
- 06/2021
- EIN
- 13-2934575
Organization Overview
Chamber Music America Inc is located in New York, NY. The organization was established in 1978. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Chamber Music America Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chamber Music America 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 06/2021, Chamber Music America Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $3.0m during the year ending 06/2021. While expenses have increased by 2.9% 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.
Since 2015, Chamber Music America Inc has awarded 247 individual grants totaling $3,153,481. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, SUPPORT, AND STRENGTHEN THE CHAMBER MUSIC FIELD.
Describe the Organization's Program Activity:
GRANT PROGRAMS SIX CMA GRANT PROGRAMS, IN WHICH FUNDING IS GIVEN TO ENSEMBLES AND CONCERT PRESENTERS, AWARDED 91 GRANTS IN THE FOLLOWING AREAS:1) CLASSICAL COMMISSIONING: 12 GRANTS WERE AWARDED FOR THE CREATION OFNEW CHAMBER WORKS IN THE CLASSICAL TRADITION;2) NEW JAZZ WORKS: 15 GRANTS WERE AWARDED FOR THE CREATION, PERFORMANCE,AND RECORDING OF NEW WORKS FOR SMALL ENSEMBLES IN THE JAZZ IDIOM;3) PRESENTER CONSORTIUM FOR JAZZ: 15 GRANTS WERE AWARDED TO FIVEPRESENTER CONSORTIUMS TO SUPPORT MULTIPLE PERFORMANCES BY JAZZ ENSEMBLES;4) DIGITAL RESIDENCY: 16 GRANTS WERE AWARDED TO ENSEMBLES AND PRESENTERS FOR DIGITAL AUDIENCE OUTREACH AND ENGAGEMENT DURING THE PANDEMIC;5) PERFORMANCE PLUS: 15 GRANTS WERE AWARDED TO FEMALE-LED JAZZ ENSEMBLES TO WORK WITH ARTIST-EDUCATORS AND PRODUCE DEMO RECORDINGS TO EXPAND THEIR CAREER OPPORTUNITIES.6) ENSEMBLE FORWARD: 18 GRANTS WERE AWARDED TO YOUNG CLASSICAL ENSEMBLES BASED IN THE FIVE BOROUGHS OF NEW YORK CITY TO WORK WITH ESTABLISHED CHAMBER MUSIC COACHES TO DEVELOP THEIR DISTINCTIVE AND COHESIVE ENSEMBLE SOUND AS THEY BUILD THEIR CAREERS.
CHAMBER MUSIC MAGAZINETO HIGHLIGHT THE WORK OF CHAMBER ENSEMBLES AND PRESENTERS THROUGHOUTTHE COUNTRY, AND TO KEEP THE FIELD INFORMED OF NEWS WITHIN AND BEYONDTHE CHAMBER MUSIC COMMUNITY, CMA PUBLISHES "CHAMBER MUSIC" MAGAZINEQUARTERLY. RECEIVING THE MAGAZINE IS A BENEFIT OF MEMBERSHIP IN CMA.
NATIONAL CONFERENCECMA PRODUCES AN ANNUAL CONFERENCE EACH JANUARY THAT BRINGS THE MEMBERSOF THE FIELD TOGETHER FOR A WEEKEND OF LEARNING, SHARING BESTPRACTICES, SHOWCASE PERFORMANCES, AND CONCERTS. IN JANUARY 2021, THE CONFERENCE WAS VIRTUAL DUE TO PANDEMIC RESTRICTIONS.
CLEVELAND QUARTET AWARD PROGRAM, MEMBER SERVICES, WEBSITE, PROFESSIONAL DEVELOPMENT, RESEARCH & ADVOCACY, NATIONAL CHAMBER MUSIC MONTH, AND NETWORKING EVENTS THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret M Lioi CEO | OfficerTrustee | 50 | $195,500 |
Michael Welch Director Of Finance & Administration | Officer | 40 | $71,400 |
Richard Kessler Chair (to Mar 2021) | OfficerTrustee | 1 | $0 |
Bryan Young Vice President (as Of Mar 2021) | OfficerTrustee | 1 | $0 |
David Skidmore Secretary | OfficerTrustee | 1 | $0 |
Jennifer Grim Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $320,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,062,899 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,382,999 |
| Total Program Service Revenue | $304,592 |
| Investment income | $285,955 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $169,319 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,142,865 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $379,550 |
| Grants and other assistance to domestic individuals. | $1,045,900 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $287,901 |
| Compensation of current officers, directors, key employees. | $38,813 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $447,466 |
| Pension plan accruals and contributions | $17,630 |
| Other employee benefits | $57,887 |
| Payroll taxes | $50,084 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,142 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,728 |
| Fees for services: Other | $219,378 |
| Advertising and promotion | $70,916 |
| Office expenses | $64,048 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,955 |
| Travel | $1,656 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $204 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,421 |
| Insurance | $5,457 |
| All other expenses | $0 |
| Total functional expenses | $2,987,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $371,252 |
| Savings and temporary cash investments | $995,126 |
| Pledges and grants receivable | $506,266 |
| Accounts receivable, net | $13,738 |
| 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 | $18,505 |
| Net Land, buildings, and equipment | $1,891,758 |
| Investments—publicly traded securities | $9,713,205 |
| Investments—other securities | $2,620,466 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,522 |
| Total assets | $16,150,838 |
| Accounts payable and accrued expenses | $58,672 |
| Grants payable | $2,275,754 |
| Deferred revenue | $110,408 |
| 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 | $133,000 |
| Other liabilities | $0 |
| Total liabilities | $2,577,834 |
| Net assets without donor restrictions | $2,533,740 |
| Net assets with donor restrictions | $11,039,264 |
| 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 | $16,150,838 |
Grants Awarded
Over the last fiscal year, Chamber Music America Inc has awarded $351,600 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
SWITCH ENSEMBLE PURPOSE: CLASSICAL COMMISSIONING | $24,000 |
New York, NY PURPOSE: CLASSICAL COMMISSIONING | $23,000 |
PARKER QUARTET LLC PURPOSE: CLASSICAL COMMISSIONING | $23,000 |
Chicago, IL PURPOSE: CLASSICAL COMMISSIONING | $20,000 |
Amherst, MA PURPOSE: CLASSICAL COMMISSIONING | $18,000 |
Marlborough, MA PURPOSE: CLASSICAL COMMISSIONING | $17,000 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Chamber Music America Inc has recieved totaling $4,200,000.
| Awarding Organization | Amount |
|---|---|
Doris Duke Charitable Foundation Inc New York, NY PURPOSE: TO RENEW SUPPORT FOR REGRANTING PROGRAMS THAT FUND THE ARTISTIC WORK OF JAZZ MUSICIANS | $2,150,330 |
Doris Duke Charitable Foundation Inc New York, NY PURPOSE: TO RENEW SUPPORT FOR REGRANTING PROGRAMS THAT FUND THE ARTISTIC WORK OF JAZZ MUSICIANS | $1,027,170 |
Howard Gilman Foundation Inc New York, NY PURPOSE: PLEDGED BUT UNPAID - REGRANTING | $300,000 |
Doris Duke Charitable Foundation Inc New York, NY PURPOSE: CORE SUPPORT FOR NATIONAL ARTS SERVICE 2021 | $285,600 |
Doris Duke Charitable Foundation Inc New York, NY PURPOSE: CORE SUPPORT FOR NATIONAL ARTS SERVICE 2021 | $134,400 |
Howard Gilman Foundation Inc New York, NY PURPOSE: FOUNDATION GRANT - REGRANTING | $125,000 |
Endowment Analysis
| Beg. Balance | $7,060,877 |
| Earnings | $1,761,315 |
| Net Contributions | $381,047 |
| Other Expense | $357,473 |
| Ending Balance | $8,845,766 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Advertising Research Foundation Inc New York, NY | $7,084,927 | $8,623,968 |
The International Coalition Of Historic Ite Museums Of Conscience New York, NY | $2,572,354 | $8,768,933 |
Theatre Communications Group Inc New York, NY | $7,458,021 | $6,461,267 |
The Broadway League Inc New York, NY | $17,394,373 | $2,874,492 |
American Symphony Orchestra League New York, NY | $11,789,942 | $6,931,089 |
Video Advertising Bureau Inc New York, NY | $5,863,677 | $6,614,761 |
Opera America Inc New York, NY | $21,495,082 | $5,690,929 |
American Institute Of Graphic Arts New York, NY | $6,026,446 | $3,684,558 |
American Numismatic Society New York, NY | $59,393,840 | $7,804,427 |
College Art Association Of America Inc New York, NY | $11,184,804 | $5,238,547 |
Authors Guild Inc New York, NY | $3,070,324 | $4,065,324 |
Boston Society Of Architects Treasurers Office Boston, MA | $12,418,866 | $3,237,658 |