Killington Music Festival Inc
- Assets
- $135.5k
- Revenue
- $339.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Rutland, VT
- Founding
- 08/1985
- Data as of
- 09/2024
- EIN
- 22-2536452
Organization Overview
Killington Music Festival Inc is located in Rutland, VT. The organization was established in 1985. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2024, Killington Music Festival Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Killington Music Festival 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 09/2024, Killington Music Festival Inc generated $339.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $340.4k during the year ending 09/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES MUSIC EDUCATION THROUGH A FOUR WEEK RESIDENCY PROGRAM AND A SUMMER SUBSCRIPTION SERIES OF CONCERTS OPEN TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KILLINGTON MUSIC FESTIVAL, A NON-FOR-PROFIT ORGANIZATION, IS THE ONLY RESIDENT PROFESSIONAL CLASSICAL MUSIC ORGANIZATION IN CENTRAL VERMONT. EACH SUMMER STUDENTS GATHER AT KILLINGTON FROM INSTITUTIONS SUCH AS THE JUILLIARD SCHOOL OF MUSIC, BOSTON CONSERVATORY, THE NEW ENGLAND CONSERVATORY, THE MANHATTAN SCHOOL OF MUSIC, PEABODY CONSERVATORY, EASTMAN SCHOOL OF MUSIC AND THE UNIVERSITY OF ARIZONA. THESE MUSICIANS COME TO THE AREA TO PLAY CHAMBER MUSIC AND TO TEACH STUDENTS. PERFORMANCES BY THE FACULTY AND INVITED GUEST ARTISTS HAVE MADE THE FESTIVAL A MAINSTAY OF SUMMER CULTURE IN THE REGION. THE YOUNG MUSICIANS WHO ATTEND THE KILLINGTON RESIDENCY PROGRAM ARE GRADUATE, COLLEGE AND TALENTED HIGH SCHOOL STUDENTS. MANY OF OUR STUDENTS, AS WELL AS MANY ALUMNI, ARE MEMBERS OF CHAMBER GROUPS AND ORCHESTRAS IN THE UNITED STATES AS WELL AS IN OTHER COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Fish Executive Dir. | Officer | 40 | $77,726 |
Rich Mccoy Trustee | Trustee | 3 | $0 |
Glenn Giles Trustee | Trustee | 3 | $0 |
Betsy Holland Trustee | Trustee | 3 | $0 |
Ann Singiser Vice President | Officer | 3 | $0 |
Baxter Holland President | Officer | 3 | $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 | $188,806 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $188,806 |
| Total Program Service Revenue | $147,100 |
| Investment income | $3,194 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $339,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $16,050 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,725 |
| Compensation of current officers, directors, key employees. | $13,459 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,467 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,262 |
| Office expenses | $5,861 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,600 |
| 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 | $9,755 |
| All other expenses | $180 |
| Total functional expenses | $340,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,019 |
| Savings and temporary cash investments | $0 |
| 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 | $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 | $450 |
| Total assets | $135,469 |
| Accounts payable and accrued expenses | $1,758 |
| 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 | $1,758 |
| Net assets without donor restrictions | $133,711 |
| 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 | $135,469 |