Josef Gingold Fund For The International Violin Competition O
- Assets
- $14.2m
- Revenue
- $588.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 07/1985
- Data as of
- 07/2021
- EIN
- 31-1134236
Organization Overview
Josef Gingold Fund For The International Violin Competition O is located in Indianapolis, IN. The organization was established in 1985. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Josef Gingold Fund For The International Violin Competition O 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 07/2021, Josef Gingold Fund For The International Violin Competition O generated $588.0k 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 (30.4%) each year. All expenses for the organization totaled $85.7k during the year ending 07/2021. 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 JOSEF GINGOLD FUND FOR THE INTERNATIONAL VIOLIN COMPETITION OF INDIANAPOLIS, INC. WAS ORGANIZED AND OPERATES EXCLUSIVELY FOR THE BENEFIT OF THE INTERNATIONAL VIOLIN COMPETITION OF INDIANAPOLIS, INC., A 501(C)(3) ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JOSEF GINGOLD FUND FOR THE INTERNATIONAL VIOLIN COMPETITION OF INDIANAPOLIS, INC. WAS ORGANIZED AND OPERATES EXCLUSIVELY FOR THE BENEFIT OF THE INTERNATIONAL VIOLIN COMPETITION OF INDIANAPOLIS, INC., A 501 (C) (3) ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glen Kwok Secretary | OfficerTrustee | 1 | $0 |
Tibor Klopfer President | OfficerTrustee | 1 | $0 |
David P Whitman Treasurer | OfficerTrustee | 1 | $0 |
Robert A Anker Board Member | Trustee | 1 | $0 |
Rosalie Held Board Member | Trustee | 1 | $0 |
Daniel Appel Board Member | Trustee | 1 | $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 | $4,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,350 |
| Total Program Service Revenue | $0 |
| Investment income | $271,284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $302,385 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $587,993 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $800 |
| Fees for services: Accounting | $1,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $59,768 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,266 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $15,589 |
| All other expenses | $1,114 |
| Total functional expenses | $85,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,918 |
| Savings and temporary cash investments | $17,236 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,955,002 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,961,176 |
| Total assets | $14,169,332 |
| Accounts payable and accrued expenses | $20,771 |
| 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 | $20,771 |
| Net assets without donor restrictions | $133,000 |
| Net assets with donor restrictions | $14,015,561 |
| 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 | $14,169,332 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Josef Gingold Fund For The International Violin Competition O has recieved totaling $88,726.
| Awarding Organization | Amount |
|---|---|
Arts Council Of Indianapolis Inc Indianapolis, IN PURPOSE: ARTS PROGRAMMING & COVID RELIEF | $88,726 |
Endowment Analysis
| Beg. Balance | $12,316,067 |
| Earnings | $1,783,657 |
| Admin Expense | $59,768 |
| Other Expense | $37,079 |
| Ending Balance | $14,015,561 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Public Broadcasting Foundation Inc Madison, WI | $32,720,675 | $11,782,247 |
Indianapolis Symphony Orchestra Foundation Inc Indianapolis, IN | $120,040,413 | $10,534,808 |
Wisconsin History Foundation Inc Madison, WI | $57,186,900 | $14,378,166 |
Commonwealth Fund For Ket Inc Lexington, KY | $35,205,433 | $8,912,254 |
St Louis Art Museum Foundation St Louis, MO | $296,394,608 | $22,752,701 |
Minnetrista Cultural Foundation Inc Muncie, IN | $19,419,646 | $5,083,805 |
Overture Center Foundation Inc Madison, WI | $20,998,721 | $8,215,874 |
Conner Prairie Foundation Inc Fishers, IN | $182,758,575 | $6,601,081 |
Overture Development Corporation Madison, WI | $128,656,351 | $0 |
Mariners Museum Tr No 2 P03152009 Chicago, IL | $40,886,491 | $1,565,814 |
World Chess Museum Inc St Louis, MO | $1,624,573 | $2,628,298 |
John R Vanderlip Trust Uw 5006 Nect Milwaukee, WI | $35,603,983 | $4,156,554 |