Songfest
- Assets
- $1.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Claremont, CA
- Founding
- 10/2002
- Data as of
- 08/2023
- EIN
- 26-0014803
Organization Overview
Songfest is located in Claremont, CA. The organization was established in 2002. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Songfest 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 08/2023, Songfest generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $536.3k during the year ending 08/2023. 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 SONGFEST IS TO PROMOTE THE MUSICAL ARTS AMONG COLLEGE-AGE MUSICIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SONGFEST IS A TRAINING PROGRAM AND FESTIVAL FOR CLASSICAL SINGERS AND PIANISTS. IT IS CONSIDERED TO BE THE FINEST FESTIVAL OR ART SONG IN THE UNITES STATES. SONGFEST 2023 WAS HELD AT VANDERBILT UNIVERSITY, BLAIR SCHOOL OF MUSIC. THERE WERE 65 PARTICIPANTS RANGING IN AGE FROM 20-32. THEY WERE FROM ALL THE MAJOR MUSIC SCHOOLS NATIONWIDE, AND FROM CANADA, SOUTH AMERICA, GERMANY AND ASIA. THE RENTAL COSTS AT SFCM WERE SIGNIFICANTLY HIGHER AFTER COVID. SONGFEST NO LONGER RECEIVES GRANTS FROM THE GETTY FOUNDATION, THE MARC AND EVA STERN FOUNDATION AND THE LOS ANGELES COUNTY ARTS COMMISSION. THIS WAS A LOSS OF APPROX $44,000 AS THESE GRANTS WERE SPECIFIC TO SOUTHERN CALIFORNIA ORGANIZATIONS. PRIVATE DONATIONS WERE DOWN ALSO. ADMINISTRATIVE PERSONNEL WERE FURLOUGHED. ROSEMARY RITTER, DIRECTOR, IS THE ONLY ADMINISTRATOR ON PAYROLL. MUSICALLY, THE PROGRAM CONTINUES TO FLOURISH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosemary Hyler Ritter President/executive Director | Officer | 50 | $65,417 |
John D Forbess ESQ Vice President | OfficerTrustee | 0.5 | $0 |
John Steele Ritter Director | Trustee | 10 | $0 |
Geoffrey Moyer MD Secretary | OfficerTrustee | 1 | $0 |
Elayne K Garber MD Director | Trustee | 0.2 | $0 |
Sky Stipanowich Treasurer | OfficerTrustee | 0.5 | $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 | $797,680 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $797,680 |
| Total Program Service Revenue | $258,398 |
| Investment income | $9,871 |
| 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 | $1,065,949 |
| 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. | $65,417 |
| Compensation of current officers, directors, key employees. | $9,813 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,004 |
| Fees for services: Management | $13,400 |
| Fees for services: Legal | $2,790 |
| Fees for services: Accounting | $7,293 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $136,494 |
| Advertising and promotion | $4,038 |
| Office expenses | $3,476 |
| Information technology | $9,932 |
| Royalties | $0 |
| Occupancy | $250,099 |
| Travel | $24,717 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $173 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,812 |
| All other expenses | $0 |
| Total functional expenses | $536,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,908 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $202 |
| 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 | $1,843,261 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,851,371 |
| Accounts payable and accrued expenses | $49,044 |
| 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 | $25,954 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $74,998 |
| Net assets without donor restrictions | $1,505,743 |
| Net assets with donor restrictions | $270,630 |
| 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 | $1,851,371 |