Fine Arts Society Of Indianapolis, operating under the name Classical Music Indy Inc, is located in Indianapolis, IN. The organization was established in 1969. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Classical Music Indy Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Classical Music Indy 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 12/2021, Classical Music Indy Inc generated $554.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $695.6k during the year ending 12/2021. While expenses have increased by 5.1% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO INSPIRE PEOPLE IN THE COMMUNITY WITH THE POWER OF CLASSICAL MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLASSICAL MUSIC INDY ADVANCES ITS MISSION BY IMPLEMENTING INNOVATIVE BROADCAST, STREAMING, PODCASTING, COMMUNITY OUTREACH PROGRAMS, AND PRINT PUBLICATIONS THAT INSPIRE DIVERSE COMMUNITIES WITH THE POWER OF CLASSICAL MUSIC ON-AIR, ONLINE, AND IN THE COMMUNITY. CLASSICAL MUSIC INDY REMAINS THE PREMIER CLASSICAL MUSIC BROADCAST SYNDICATOR IN CENTRAL INDIANA. CLASSICAL MUSIC INDY'S SYNDICATED RADIO CONTENT IS BROADCAST ACROSS INDIANA, PROVIDING CLASSICAL MUSIC SERVICES TO SEVERAL MAJOR MARKETS STATEWIDE, INCLUDING INDIANAPOLIS, FORT WAYNE, WEST LAFAYETTE, AND EVANSVILLE.
IN ADDITION TO ITS CLASSICAL MUSIC BROADCAST, STREAMING, AND PODCASTING WORK, CLASSICAL MUSIC INDY OFFERS FREE COMMUNITY OUTREACH PROGRAMS THAT ARE BOTH ACCESSIBLE TO AND REFLECTIVE OF OUR DIVERSE COMMUNITIES, INCLUDING: 1)RANDOMACTSOFMUSIC, SHORT POP-UP CONCERTS PERFORMED ANYWHERE, ANYTIME TO BEAUTIFY PUBLIC SPACES, 2)AFTERSCHOOL INDY, AFTERSCHOOL MUSIC COMPOSITION PROGRAMS TARGETING UNDERSERVED YOUTH, 3)MUSIC & ME, A DEVELOPMENTALLY APPROPRIATE EARLY CHILDHOOD MUSIC EDUCATION PROGRAM WITH AN EMPHASIS ON EXPLORATION OF PITCH, RHYTHM, AND GROUP SINGING, 4)SENIOR CONCERT SERIES, PERFORMANCES IN SENIOR LIVING FACILITIES THAT COMBAT SENIOR ISOLATION AND PROVIDE ELDERLY RESIDENTS MUSIC ENJOYMENT AND SOCIAL ENGAGEMENT, AND 5)COMMUNITY CONCERTS, INFORMAL, COMMUNITY-BASED CLASSICAL MUSIC PERFORMANCES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jennifer L Burch President/ce | Officer | 40 | $65,000 |
Janice Roger Secretary | OfficerTrustee | 5 | $0 |
James B Lootens Board Chair | OfficerTrustee | 5 | $0 |
Patti Freeman Dorson Vice-Board C | OfficerTrustee | 5 | $0 |
Casey Enzor Treasurer | OfficerTrustee | 5 | $0 |
Eloise K Paul Former Board | OfficerTrustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $67,966 |
All other contributions, gifts, grants, and similar amounts not included above | $314,044 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $382,010 |
Total Program Service Revenue | $66,942 |
Investment income | $15,702 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $88,115 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $554,253 |
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. | $65,000 |
Compensation of current officers, directors, key employees. | $385 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $262,136 |
Pension plan accruals and contributions | $3,729 |
Other employee benefits | $39,422 |
Payroll taxes | $22,723 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,697 |
Fees for services: Accounting | $28,585 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $12,432 |
Fees for services: Other | $61,080 |
Advertising and promotion | $62,109 |
Office expenses | $6,701 |
Information technology | $19,574 |
Royalties | $0 |
Occupancy | $9,430 |
Travel | $5,447 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,872 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $14,632 |
Insurance | $11,392 |
All other expenses | $1,210 |
Total functional expenses | $695,569 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $129,219 |
Savings and temporary cash investments | $31,820 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $12,016 |
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 | $10,422 |
Net Land, buildings, and equipment | $18,130 |
Investments—publicly traded securities | $1,105,530 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $53,329 |
Total assets | $1,360,466 |
Accounts payable and accrued expenses | $23,239 |
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 | $23,239 |
Net assets without donor restrictions | $1,223,727 |
Net assets with donor restrictions | $113,500 |
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 | $1,360,466 |
Over the last fiscal year, we have identified 1 grants that Fine Arts Society Of Indianapolis has recieved totaling $3,500.
Awarding Organization | Amount |
---|---|
Nicholas H Noyes Jr Memorial Foundation Inc Carmel, IN PURPOSE: ANNUAL SUPPORT | $3,500 |
Beg. Balance | $1,235,764 |
Earnings | $153,165 |
Admin Expense | $12,432 |
Other Expense | $247,000 |
Ending Balance | $1,129,498 |
Organization Name | Assets | Revenue |
---|---|---|
Arts Council Of Indianapolis Inc Indianapolis, IN | $8,597,633 | $5,263,250 |
Mid-America Arts Alliance Kansas City, MO | $12,444,344 | $5,873,119 |
Arts United Of Greater Fort Wayne Fort Wayne, IN | $21,534,301 | $3,773,379 |
Regional Cultural & Performing Arts Development Commission St Louis, MO | $5,092,606 | $4,539,915 |
Indiana Humanities Council Inc Indianapolis, IN | $8,992,568 | $3,654,687 |
Performing Arts Foundation Inc Wausau, WI | $2,793,768 | $2,598,770 |
Arts & Education Council Of Greater St Louis St Louis, MO | $3,607,788 | $2,239,386 |
Metropolitan Arts Council Of Greater Kansas City Kansas City, MO | $1,490,400 | $2,232,014 |
Lexarts Inc Lexington, KY | $1,309,442 | $1,460,251 |
Kentucky Humanities Council Inc University Of Kentucky Lexington, KY | $5,126,960 | $1,642,415 |
Quad City Arts Inc Rock Island, IL | $1,454,915 | $1,845,550 |
The Carnegie Visual & Performing Arts Center Inc Covington, KY | $3,558,181 | $1,470,526 |