Manchester Music Festival Inc
- Assets
- $2.1m
- Revenue
- $406.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Manchester, VT
- Founding
- 03/1985
- Data as of
- 08/2022
- EIN
- 22-2575753
Organization Overview
Manchester Music Festival Inc is located in Manchester, VT. The organization was established in 1985. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2022, Manchester Music Festival Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manchester 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 08/2022, Manchester Music Festival Inc generated $406.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $383.6k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MMF ENGAGES, INSPIRES, AND GROWS A SUPPORTIVE AUDIENCE FOR CLASSICAL MUSIC, PERFORMED AT THE HIGHEST LEVEL OF ARTISTIC EXCELLENCE, AND TEACHES EXCEPTIONAL YOUNG PERFORMERS IN THE ART OF CHAMBER MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANCHESTER MUSIC FESTIVAL HAS BEEN BRINGING THE PASSION AND BEAUTY OF CLASSICAL MUSIC TO OUR SOUTHWESTERN VERMONT COMMUNITY FOR CLOSE TO 50 YEARS. THE MANCHESTER MUSIC FESTIVAL OFFERS CLASSICAL MUSIC PERFORMANCES OF THE HIGHEST CALIBER. AS A NON-PROFIT CORPORATION, UNDER THE LEADERSHIP OF OUR EXECUTIVE TEAM OF ARTISTIC AND EXECUTIVE DIRECTORS AND THE GUIDANCE OF OUR BOARD OF DIRECTORS, WE PRODUCE CLASSICAL MUSIC CONCERTS THROUGHOUT THE SUMMER, PRIMARILY. WE HOST RENOWNED MUSICIANS AND OPERATE A FULL SCHOLARSHIP SUMMER CHAMBER MUSIC PROGRAM FOR PRE-PROFESSIONAL PERFORMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betsy Bleakie Executive Di | Officer | 40 | $53,625 |
Gail Ebling Treasurer | OfficerTrustee | 3 | $0 |
Lou Zellner President | OfficerTrustee | 3 | $0 |
Joan Guryan Vice Preside | OfficerTrustee | 3 | $0 |
Martin Nadler Secretary | OfficerTrustee | 3 | $0 |
Roger Leeds Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,762 |
| All other contributions, gifts, grants, and similar amounts not included above | $247,858 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $274,620 |
| Total Program Service Revenue | $108,906 |
| Investment income | $58,881 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$36,394 |
| 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 | $406,013 |
| 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. | $56,625 |
| Compensation of current officers, directors, key employees. | $42,469 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,897 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,313 |
| Payroll taxes | $11,763 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,370 |
| Fees for services: Other | $0 |
| Advertising and promotion | $31,511 |
| Office expenses | $12,268 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,434 |
| Travel | $16,856 |
| 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 | $2,798 |
| Insurance | $10,299 |
| All other expenses | $1,650 |
| Total functional expenses | $383,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,616 |
| Savings and temporary cash investments | $73,906 |
| 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 | $978 |
| Net Land, buildings, and equipment | $376,843 |
| Investments—publicly traded securities | $1,480,994 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,060,337 |
| Accounts payable and accrued expenses | $21,357 |
| Grants payable | $0 |
| Deferred revenue | $29,548 |
| 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 | $50,905 |
| Net assets without donor restrictions | $868,878 |
| Net assets with donor restrictions | $1,140,554 |
| 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 | $2,060,337 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Manchester Music Festival Inc has recieved totaling $46,811.
| Awarding Organization | Amount |
|---|---|
Enoch Foundation Charitable Tr 100892 Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
Mary K & Walter M Miller Family Foundation Inc Darien, CT PURPOSE: GENERAL FUND CONTRIBUTION | $10,500 |
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $7,000 |
Rodgers Family Foundation Inc New York, NY PURPOSE: TO AID DONEE ORGANIZATIONS TO CARRY OUT THEIR EXEMPT ACTIVITIES. | $5,000 |
Prentice Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
Robert K And A Joyce Jones Foundation Inc Raritan, NJ PURPOSE: TO CONTINUE THE CHARITABLE ACTIVITY OF THE ORGANIZATION | $1,000 |
Endowment Analysis
| Beg. Balance | $1,781,790 |
| Earnings | -$251,126 |
| Admin Expense | $8,370 |
| Net Contributions | $13,700 |
| Other Expense | $55,000 |
| Ending Balance | $1,480,994 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Musical & Dramatic Academy New York, NY | $154,874,684 | $91,373,218 |
Universal Ballet Foundation Tarrytown, NY | $0 | $12,642,868 |
School Of American Ballet Inc New York, NY | $111,037,435 | $21,205,372 |
Society Of The Third Street Music School Settlement Inc New York, NY | $23,512,540 | $9,331,737 |
Professional Childrens School Inc New York, NY | $20,795,903 | $7,913,959 |
Elaine Kaufman Cultural Center-Lucy Moses School For Music And Dance New York, NY | $27,086,297 | $8,434,600 |
Usdan Center For The Creative And Performing Arts Wheatley Heights, NY | $9,094,063 | $7,842,834 |
The Brooklyn Queens Conservatory Of Music Brooklyn, NY | $5,364,852 | $5,242,264 |
South Shore Conservatory Of Music Inc Hingham, MA | $8,426,542 | $4,813,797 |
Hoff Barthelson Music School Scarsdale, NY | $5,808,540 | $3,629,362 |
David Hochstein Memorial Music School Inc Rochester, NY | $9,075,130 | $4,251,000 |
Diller-Quaile School Of Music Inc New York, NY | $7,580,711 | $3,116,050 |