Virginia Waring International Piano Competition
- Assets
- $456.7k
- Revenue
- $339.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Palm Springs, CA
- Founding
- 05/1987
- Data as of
- 06/2023
- EIN
- 33-0025613
Organization Overview
Virginia Waring International Piano Competition is located in Palm Springs, CA. The organization was established in 1987. 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, Virginia Waring International Piano Competition employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Waring International Piano Competition 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, Virginia Waring International Piano Competition generated $339.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $381.8k during the year ending 06/2023. While expenses have increased by 6.4% per year over the past 7 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
THE MISSION OF THE VIRGINA WARING INTERNATIONAL PIANO COMPETITION IS TO EXCITE, EDUCATE, AND ENGAGE THE COMMUNITY AT LARGE WITH THE JOY OF CLASSICAL PIANO BY PRESENTING, PROMOTING, AND NURTURING CLASSICAL MUSIC THROUGH LIVE PIANO PERFORMANCE INCLUDING INTERNATIONAL COMPETITIONS, CONCERTS, AND LOCAL EDUCATION OUTREACH PROGRAMS FOR ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BETWEEN JULY 1, 2022 AND JUNE 30, 2023 VIRGINIA WARING INTERNATIONAL PIANO COMPETITION DBA PALM SPRINGS INTERNATIONAL PIANO COMPETITION OFFERED FOUR CONCERTS FEATURING WORLD-RENOWNED PIANISTS IN THE COACHELLA VALLEY. AT EACH CONCERT, COMPLIMENTARY TICKETS WERE PROVIDED TO THE COMMUNITY'S SENIOR CITIZENS AND MIDDLE/HIGH SCHOOL STUDENTS. THE PRIMARY FOCUS OF COMMUNITY OUTREACH AND EDUCATION WAS THE REINVIGORATION OF OUR HANDS-ON KEYBOARD CLASSES, OFFERED TO ELEMENTARY SCHOOL STUDENTS. THE CLASSES WERE OFFERED TO SCHOOLS WHOSE STUDENTS COME FROM THE LOWEST INCOME AREAS. THESE CLASSES ALLOW STUDENTS TO LEARN THE BASICS OF PIANO, FROM POSTURE TO PLAYING, AT NO COST TO STUDENTS OR FAMILIES. FOLLOWING OUR RELOCATION FROM PALM DESERT, CA TO PALM SPRINGS, CA, FOCUS WAS GIVEN TO REBUILDING OUR VOLUNTEER PROGRAM. APPROXIMATELY 37 VOLUNTEERS PROVIDED MORE THAN 60 HOURS DURING THE FISCAL YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Greer Executive Dir. | Officer | 32 | $47,200 |
Dr Joan Rubane Director | Trustee | 6 | $5,000 |
Peggy Cravens Chairman | OfficerTrustee | 15 | $0 |
Dr Elizabeth Smalley Secretary | OfficerTrustee | 6 | $0 |
Isabel Chapman Director | Trustee | 6 | $0 |
Michael Foster Treasurer | OfficerTrustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,960 |
| Related organizations | $0 |
| Government grants | $63,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,596 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,656 |
| Total Program Service Revenue | $130,432 |
| Investment income | $5,682 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $64,023 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $339,793 |
| 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. | $54,344 |
| Compensation of current officers, directors, key employees. | $13,586 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,039 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,127 |
| Payroll taxes | $12,489 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,826 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,436 |
| Office expenses | $13,666 |
| Information technology | $3,212 |
| Royalties | $0 |
| Occupancy | $20,588 |
| 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 | $221 |
| Insurance | $8,850 |
| All other expenses | $30,037 |
| Total functional expenses | $381,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234 |
| Savings and temporary cash investments | $96,613 |
| 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 | $333 |
| Investments—publicly traded securities | $357,324 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,200 |
| Total assets | $456,704 |
| Accounts payable and accrued expenses | $0 |
| 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 | $7,092 |
| Total liabilities | $7,092 |
| Net assets without donor restrictions | $443,112 |
| Net assets with donor restrictions | $6,500 |
| 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 | $456,704 |