Chamber Music Maryland Inc
- Assets
- $697.2k
- Revenue
- $366.6k
- Investments
- $435.0k
- Employees
- 2
- Location
- Columbia, MD
- Founding
- 06/1976
- Data as of
- 06/2023
- EIN
- 23-7412834
Organization Overview
Chamber Music Maryland Inc is located in Columbia, MD. The organization was established in 1976. 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 06/2023, Chamber Music Maryland Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chamber Music Maryland 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 06/2023, Chamber Music Maryland Inc generated $366.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $310.1k during the year ending 06/2023. While expenses have increased by 3.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESENT THE FINEST NATIONAL AND INTERNATIONAL CHAMBER MUSIC ENSEMBLES AND SOLOISTS, TO PROVIDE YOUNG PEOPLE WITH A STIMULATING INTRODUCTION TO THE PERFORMING ARTS, AND TO REACH OUT TO THOSE WITH LIMITED OPPORTUNITIES TO EXPERIENCE THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CANDLELIGHT CONCERTS SOCIETY PRESENTED 9 IN PERSON CONCERTS (INCLUDING 1 LIVE STREAMED CONCERT) WITH 74 ARTISTS AND ATTENDANCE AVERAGING 6,477 ATTENDEES (3,477 ATTENDING IN-PERSON CONCERT AND OVER 3,000 VIEWERS). ALSO PRESENTED OUTREACH EVENTS INCLUDING 4 EDUCATIONAL OUTREACH EVENTS AND 11 COMMUNITY EVENTS WITH 20 ARTISTS AT A MUSEUM, AND 9 SENIOR COMMUNITY CENTERS; 4 PRE-CONCERT LECTURES; 2 PODCASTS, AND 8 RADIO BROADCASTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Young President | OfficerTrustee | 10 | $0 |
Michael Lau Treasurer | OfficerTrustee | 2 | $0 |
Gerard Perseghin Director | Trustee | 1 | $0 |
Charles Thomas Director | Trustee | 1 | $0 |
Gerald Von Mayer Director | Trustee | 1 | $0 |
Jaime Waldren Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $85,670 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,889 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $236,559 |
| Total Program Service Revenue | $64,641 |
| Investment income | $11,009 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,127 |
| Net Income from Fundraising Events | $21,214 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $366,550 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,464 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,548 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,691 |
| Office expenses | $39,808 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,084 |
| Travel | $958 |
| 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 | $3,483 |
| All other expenses | $0 |
| Total functional expenses | $310,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,804 |
| Savings and temporary cash investments | $89,112 |
| 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 | $5,259 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $435,020 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $697,195 |
| Accounts payable and accrued expenses | $3,360 |
| Grants payable | $0 |
| Deferred revenue | $25,292 |
| 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 | $28,652 |
| Net assets without donor restrictions | $668,543 |
| 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 | $697,195 |