Irving S Gilmore International Keyboard Festival
- Assets
- $20.9m
- Revenue
- $3.6m
- Investments
- $17.5m
- Employees
- 36
- Location
- Kalamazoo, MI
- Founding
- 07/1989
- Data as of
- 08/2023
- EIN
- 38-2868071
Organization Overview
Irving S Gilmore International Keyboard Festival is located in Kalamazoo, MI. The organization was established in 1989. 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 08/2023, Irving S Gilmore International Keyboard Festival employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Irving S Gilmore International Keyboard Festival 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, Irving S Gilmore International Keyboard Festival generated $3.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $3.1m during the year ending 08/2023. While expenses have increased by 0.0% 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 PROMOTE AND DEVELOP WORLD-CLASS KEYBOARD MUSICAL EXPERIENCES THAT INSPIRE PRESENT AND FUTURE ARTISTS AND AUDIENCES. WE DO THIS BY IDENTIFYING EXCEPTIONAL PIANISTS THROUGH A NONCOMPETITIVE PROCESS AND THEN PROVIDING SIGNIFICANT SUPPORT TO ENHANCE THEIR CAREERS. WE PRESENT A WORLD-CLASS MUSIC FESTIVAL FEATURING THE FINEST INTERNATIONAL KEYBOARD ARTISTS, PROVIDE AN OUTSTANDING KEYBOARD EDUCATIONAL PROGRAM, AND SUPPORT THE CREATION OF KEYBOARD MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FESTIVALS AND RECITALS - PRESENT WORLDCLASS MUSIC FESTIVALS AND CONCERTS IN THE GREATER KALAMAZOO AND BATTLE CREEK, MICHIGAN AREAS FEATURING THE FINEST INTERNATIONAL PIANO ARTISTS.
MUSIC COMMISSION
EDUCATION - THE GILMORE'S EDUCATION PROGRAMS CELEBRATE THE JOY OF MUSICMAKING AND FOSTER A LIFELONG APPRECIATION OF MUSIC. THESE EDUCATION PROGRAMS PRESENT LEARNING EXPERIENCES THAT DEVELOP PIANO SKILLS, MUSICAL EXPLORATION AND PERFORMANCE OPPORTUNITIES FOR YOUTH AND ADULTS IN THE GREATER KALAMAZOO AND BATTLE CREEK, MICHIGAN AREAS.
AWARDS - THE GILMORE ARTIST AWARD AND YOUNG ARTIST AWARD ARE MADE THROUGH A NONCOMPETITIVE PROCESS AND PROVIDE SIGNIFICANT SUPPORT THAT ENHANCES THE RECIPIENT'S CAREER. MUSIC COMMISSIONSTHE CREATION OF NEW MUSIC FOR THE PIANO IS AN IMPORTANT PART OF THE GILMORE'S OVERALL MISSION. NEARLY EVERY GILMORE INTERNATIONAL PIANO FESTIVAL INCLUDES THE PREMIERE OF A NEWLY COMMISSIONED WORK FOR THE PIANO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Batts Trustee | Trustee | 2 | $0 |
Larry Bell Trustee | Trustee | 5 | $0 |
Daniel Bitzer Trustee | Trustee | 2 | $0 |
Caroline Fox-Pavone Trustee | Trustee | 2 | $0 |
Robert Hill MD Trustee | Trustee | 2 | $0 |
Oliver Howell President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,873,073 |
| Noncash contributions included in lines 1a–1f | $50,162 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,910,073 |
| Total Program Service Revenue | $262,450 |
| Investment income | $398,155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$26,794 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,553,983 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $38,956 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $272,225 |
| Compensation of current officers, directors, key employees. | $81,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,278,156 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $95,966 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,611 |
| Fees for services: Accounting | $18,569 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $74,793 |
| Fees for services: Other | $508,198 |
| Advertising and promotion | $178,294 |
| Office expenses | $34,207 |
| Information technology | $85,392 |
| Royalties | $0 |
| Occupancy | $127,451 |
| Travel | $89,638 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,455 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,744 |
| Insurance | $16,701 |
| All other expenses | $0 |
| Total functional expenses | $3,088,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,294,888 |
| Pledges and grants receivable | $215,036 |
| Accounts receivable, net | $4,085 |
| 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 | $46,331 |
| Net Land, buildings, and equipment | $253,355 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $17,538,930 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $527,057 |
| Total assets | $20,879,682 |
| Accounts payable and accrued expenses | $72,290 |
| Grants payable | $50,643 |
| 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 | $357,010 |
| Total liabilities | $479,943 |
| Net assets without donor restrictions | $2,125,574 |
| Net assets with donor restrictions | $18,274,165 |
| 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 | $20,879,682 |