American Pianists Asso Inc
- Assets
- $13.2m
- Revenue
- $1.7m
- Investments
- $1.1m
- Employees
- 7
- Location
- Indianapolis, IN
- Founding
- 01/1980
- Data as of
- 06/2021
- EIN
- 31-0969640
Organization Overview
American Pianists Asso Inc is located in Indianapolis, IN. The organization was established in 1980. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, American Pianists Asso Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Pianists Asso 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 06/2021, American Pianists Asso Inc generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.1%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2021. 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 AMERICAN PIANISTS ASSOCIATION IS TO DISCOVER, PROMOTE AND ADVANCE THE CAREERS OF YOUNG, AMERICAN, WORLD-CLASS, JAZZ AND CLASSICAL PIANISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR PROGRAMS ARE DESIGNED TO IMPROVE THE QUALITY OF LIFE IN THE COMMUNITY THROUGH MUSIC, BROADEN THE GENERAL PUBLIC'S KNOWLEDGE AND SKILLS IN THE ARTS, PROVIDE ARTS ACTIVITIES TO UNDERSERVED COMMUNITIES OR GROUPS, AND ADVANCE THE ART FORM OF MUSIC. OUR THREE LARGEST PROGRAM SERVICES ARE THESE: CLASSICAL AWARDS - A PIANO COMPETITION TO AWARD CLASSICAL FELLOWSHIPS; THE JAZZ AWARDS - A PIANO COMPETITION TO AWARD A JAZZ FELLOWSHIP; AND GRAND ENCOUNTERS - A CLASSICAL PIANO RECITAL SERIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Joel Harrison President/ce | OfficerTrustee | 40 | $157,360 |
Greg Goelzer Treasurer | OfficerTrustee | 1 | $0 |
Dr William Sando MD Chairman | OfficerTrustee | 1 | $0 |
David Pentzien Vice Chair | OfficerTrustee | 1 | $0 |
Jean Richcreek Immediate Pa | OfficerTrustee | 1 | $0 |
Dr Christian Wolf Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $148,319 |
| All other contributions, gifts, grants, and similar amounts not included above | $571,179 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $719,498 |
| Total Program Service Revenue | $6,070 |
| Investment income | $184,171 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $798,766 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,708,505 |
| 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. | $157,360 |
| Compensation of current officers, directors, key employees. | $82,565 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $510,553 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $97,433 |
| Fees for services: Other | $0 |
| Advertising and promotion | $61,098 |
| Office expenses | $2,951 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,786 |
| Travel | $10,056 |
| 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 | $12,694 |
| Insurance | $6,996 |
| All other expenses | $75,778 |
| Total functional expenses | $1,495,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $332,409 |
| Savings and temporary cash investments | $682,405 |
| Pledges and grants receivable | $174,136 |
| 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 | $7,595 |
| Net Land, buildings, and equipment | $23,363 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,114,002 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,877,233 |
| Total assets | $13,211,143 |
| Accounts payable and accrued expenses | $256,976 |
| 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 | $256,976 |
| Net assets without donor restrictions | $1,890,939 |
| Net assets with donor restrictions | $11,063,228 |
| 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 | $13,211,143 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that American Pianists Asso Inc has recieved totaling $788,242.
| Awarding Organization | Amount |
|---|---|
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: 2021 Distribution | $533,917 |
Arts Council Of Indianapolis Inc Indianapolis, IN PURPOSE: ARTS PROGRAMMING & COVID RELIEF | $134,975 |
Christel Dehaan Family Foundation Inc Indianapolis, IN PURPOSE: GENERAL OPERATING SUPPORT | $80,000 |
Jewish Federation Of Greater Indianapolis Inc Indianapolis, IN PURPOSE: LOCAL COMMUNITY | $20,250 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $12,300 |
Spm Foundation Inc Bethesda, MD PURPOSE: SUPPORT SERVICES | $5,000 |
Endowment Analysis
| Beg. Balance | $8,606,714 |
| Earnings | $2,575,429 |
| Admin Expense | $90,417 |
| Net Contributions | $58,917 |
| Other Expense | $475,000 |
| Ending Balance | $10,675,643 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Society Of Genetic Counselors Inc Chicago, IL | $6,031,708 | $4,172,256 |
Organization Of American Historians Bloomington, IN | $4,203,949 | $3,566,277 |
International Association Of Business Communicators Chicago, IL | $856,866 | $2,406,715 |
American Pianists Asso Inc Indianapolis, IN | $13,211,143 | $1,708,505 |
Society Of Professional Journalists Indianapolis, IN | $1,602,738 | $1,294,890 |
Maywood Fine Arts Association Maywood, IL | $3,515,801 | $1,414,903 |
Embroiderers Guild Of America Inc Louisville, KY | $3,586,074 | $656,475 |
Aia Illinois Springfield, IL | $1,612,355 | $821,664 |
Luminarts Cultural Foundation At The Union League Club Of Chicago Chicago, IL | $2,688,483 | $1,017,926 |
American Association Of Teachers Of French Marion, IL | $5,084,375 | $658,211 |
American Institute Of Architects Kansas City, MO | $675,522 | $664,208 |
Missouri Cable Telecommunications Association Jefferson City, MO | $314,105 | $647,946 |