Chamber Music Northwest
- Assets
- $7.3m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 20
- Location
- Portland, OR
- Founding
- 03/1974
- Data as of
- 09/2023
- EIN
- 23-7355562
Organization Overview
Chamber Music Northwest is located in Portland, OR. The organization was established in 1974. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Chamber Music Northwest employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chamber Music Northwest 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 09/2023, Chamber Music Northwest generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $2.2m during the year ending 09/2023. While expenses have increased by 12.4% per year over the past 4 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHAMBER MUSIC NORTHWEST PRESENTS CONCERTS OF WIDE-RANGING CHAMBER MUSIC REPERTOIRE PERFORMED BY WORLD-RENOWNED ARTISTS. WE ALSO COMMISSION NEW WORKS, PROVIDE COACHING/MENTORING FOR YOUNG MUSICIANS, AND PERFORM FREE CONCERTS AND OTHER EVENTS FOR STUDENTS, ELDERLY AND THE COMMUNITY AS A WHOLE.
Describe the Organization's Program Activity:
NOW IN ITS 54TH SEASON, CHAMBER MUSIC NORTHWEST ("CMNW") SERVES UP TO 50,000 PEOPLE IN OREGON AND SOUTHWEST WASHINGTON WITH EXCEPTIONAL CHAMBER MUSIC THROUGH 100 EVENTS ANNUALLY, INCLUDING OUR FLAGSHIP SUMMER FESTIVAL AND YEAR-ROUND CONCERTS, OUTREACH ACTIVITIES, EDUCATIONAL PROGRAMS, BROADCASTS, AND INNOVATIVE COLLABORATIONS WITH OTHER ARTS GROUPS. CMNW IS THE ONLY CHAMBER MUSIC FESTIVAL OF ITS KIND IN THE NORTHWEST AND ONE OF THE MOST DIVERSE CLASSICAL MUSIC EXPERIENCES IN THE NATION, VIRTUALLY UNPARALLELED IN COMPARABLE COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Davida Wilson President | OfficerTrustee | 6 | $0 |
Ravi Vedanayagam Vice President | OfficerTrustee | 4 | $0 |
Marc Therrien Treasurer | OfficerTrustee | 4 | $0 |
Yoko Greeney Secretary | OfficerTrustee | 3 | $0 |
Peter Van Bever Immediate Past President | OfficerTrustee | 2 | $0 |
Dan Boyce Member-At-Large | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $70,835 |
| Related organizations | $0 |
| Government grants | $41,063 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,540,424 |
| Noncash contributions included in lines 1a–1f | $277,410 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,652,322 |
| Total Program Service Revenue | $368,235 |
| Investment income | $156,218 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$10,393 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,199,708 |
| 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. | $214,545 |
| Compensation of current officers, directors, key employees. | $53,636 |
| Compensation to disqualified persons | $2,000 |
| Other salaries and wages | $536,079 |
| Pension plan accruals and contributions | $23,636 |
| Other employee benefits | $54,639 |
| Payroll taxes | $65,464 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $540 |
| Fees for services: Accounting | $18,064 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $474,356 |
| Advertising and promotion | $113,712 |
| Office expenses | $16,700 |
| Information technology | $37,640 |
| Royalties | $4,155 |
| Occupancy | $54,880 |
| Travel | $214,733 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,517 |
| Interest | $4,367 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,173 |
| Insurance | $2,927 |
| All other expenses | $0 |
| Total functional expenses | $2,178,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,212 |
| Savings and temporary cash investments | $597,880 |
| Pledges and grants receivable | $473,057 |
| Accounts receivable, net | $50 |
| 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 | $64,035 |
| Net Land, buildings, and equipment | $2,959 |
| Investments—publicly traded securities | $5,734,608 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $209,920 |
| Total assets | $7,301,721 |
| Accounts payable and accrued expenses | $28,053 |
| Grants payable | $0 |
| Deferred revenue | $61,735 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $230,162 |
| Total liabilities | $469,950 |
| Net assets without donor restrictions | $1,917,967 |
| Net assets with donor restrictions | $4,913,804 |
| 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 | $7,301,721 |