Daponte String Quartet Foundation
- Assets
- $321.6k
- Revenue
- $239.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Freeport, ME
- Founding
- 06/1992
- Data as of
- 12/2023
- EIN
- 22-3140085
Organization Overview
Daponte String Quartet Foundation is located in Freeport, ME. The organization was established in 1992. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Daponte String Quartet Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Daponte String Quartet Foundation 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, Daponte String Quartet Foundation generated $239.9k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $240.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE DAPONTE STRING QUARTET FOUNDATION IS TO ENABLE THE MUSICIANS OF THE DAPONTE STRING QUARTET TO CULTIVATE APPRECIATION FOR THE ART OF CHAMBER MUSIC THROUGH DISTINCTIVE PERFORMANCE AND EDUCATIONAL OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DSQF CONTINUED ITS LONGSTANDING TRADITION OF PROVIDING EXCEPTIONAL OPPORTUNITIES TO YOUTH AND ADULT STRING PLAYERS IN 2023. DAPONTE HELD ITS ANNUAL HIGH SCHOOL PROGRAM HOSTING 5 QUARTETS FROM ACROSS THE STATE OF MAINE. COMPLEMENTING THE HIGH SCHOOL PROGRAM WAS THE HONORS QUARTET FOR COLLEGE AGE STUDENTS. FOR ADULTS, DSQF HELD ONE WORKSHOP IN 2023 AND DUE TO A STRONG RESPONSE WILL OFFER TWO WORKSHOPS IN 2024.
IN KEEPING WITH ITS MISSION, THE DAPONTE STRING QUARTET FOUNDATION CONTINUED TO BRING WORLD CLASS PERFORMANCES TO AUDIENCES ALONG COASTAL MAINE FROM SANFORD TO EASTPORT INCLUDING A CANDLELIGHT CONCERT IN THE OLD WALPOLE MEETINGHOUSE WHICH WAS BUILT IN 1772. OVERALL, 3 CONCERT SERIES WERE PERFORMED IN ADDITION TO SEVERAL INDIVIDUAL CONCERTS TOTALING MORE THAN 30 CONCERTS IN 10 VENUES. THE GROUP ALSO PRESENTED 2 VIOLINISTS AS GUEST ARTISTS.
DSQF FEELS STRONGLY THAT SUPPORTING THE COMMUNITY ENRICHES THE QUALITY OF LIFE ON MID COAST MAINE. WITH THAT GOAL IN MIND THE MUSICIANS PERFORMED A BENEFIT CONCERT AT THE FIRST BAPTIST CHURCH IN FREEPORT AND AT RETIREMENT HOMES ON THE MID COAST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lydia Forbes Director | OfficerTrustee | 32 | $41,834 |
Kirsten Monke Director | OfficerTrustee | 32 | $41,834 |
Myles Jordan Director | OfficerTrustee | 32 | $41,834 |
Ferdinand Liva Executive Director | Officer | 36 | $41,834 |
David Shipman Director & President | OfficerTrustee | 5 | $0 |
Scott Miller Director And Treasurer | OfficerTrustee | 5 | $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 | $197,823 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $197,823 |
| Total Program Service Revenue | $42,099 |
| Investment income | $0 |
| 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 | $239,922 |
| 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. | $164,000 |
| Compensation of current officers, directors, key employees. | $16,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,451 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,948 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,225 |
| Advertising and promotion | $2,350 |
| Office expenses | $2,357 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $7,297 |
| All other expenses | $0 |
| Total functional expenses | $240,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,359 |
| Savings and temporary cash investments | $128,967 |
| 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 | $143,318 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $321,644 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $321,644 |
| Total liabilities and net assets/fund balances | $321,644 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ogunquit Playhouse Foundation Ogunquit, ME | $14,116,229 | $10,412,024 |
Farnsworth Real Estate Inc Rockland, ME | $0 | $130,499 |
The Opera House At Boothbay Harbor Boothbay Harbor, ME | $2,905,426 | $513,493 |
Cca North Corp Concord, NH | $3,870,177 | $126,000 |
Majestic Theatre Manchester, NH | $160,782 | $260,813 |
Harbor Theater Boothbay, ME | $409,540 | $296,072 |
Wilhelm Reich Infant Trust Rangeley, ME | $844,778 | $243,804 |
Daponte String Quartet Foundation Freeport, ME | $321,644 | $239,922 |
Rangeley Friends Of The Performing Arts Inc Rangeley, ME | $1,421,117 | $285,608 |
Old Fort Western Fund Augusta, ME | $403,810 | $0 |
Pejepscot Endowment Trust Brunswick, ME | $1,275,599 | $53,453 |
Friends Of L C Bates Museum Hinckley, ME | $154,627 | $0 |
Friends Of Colonial Pemaquid New Harbor, ME | $258,962 | $0 |
Friends Of The Libby Museum Inc Wolfeboro, NH | $521,480 | $92,840 |
Company G Memorial Charitable Tr Winslow, ME | $359,041 | $3,600 |
England Educational Initiative Concord, NH | $458,138 | $0 |
Friends Of Isle Au Haut Lighthouse Isle Au Haut, ME | $44,677 | $0 |