Chelsea Music Festival Corporation
- Assets
- $592.1k
- Revenue
- $412.6k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2012
- Data as of
- 12/2021
- EIN
- 45-2473321
Organization Overview
Chelsea Music Festival Corporation is located in New York, NY. The organization was established in 2012. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, 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. Chelsea Music Festival Corporation 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 12/2021, Chelsea Music Festival Corporation generated $412.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $127.7k during the year ending 12/2021. 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 CHELSEA MUSIC FESTIVAL VISION IS TO CELEBRATE GREAT MUSIC BY BRINGING TOGETHER WORLD-LEADING MUSICIANS AND EXCITING NEWCOMERS TO THE INTERNATIONAL STAGE. INSPIRED BY ITS CHELSEA ROOTS, THE FESTIVAL SEEKS TO REFLECT THE CREATIVITY GATHERED IN ONE OF NEW YORK CITY'S MOST DYNAMIC NEIGHBORHOODS BY PRESENTING SITE-SPECIFIC PROGRAMS THAT SPAN MUSICAL GENRES RANGING FROM CLASSICAL TO CONTEMPORARY TO JAZZ. WITH AN EMPHASIS ON FESTIVAL-COMMISSIONED WORKS, COMMUNITY OUTREACH AND EDUCATION, THE FESTIVAL ALSO EXISTS TO CREATE A GATEWAY TO MUSIC THROUGH THE INTERPLAY OF ART FORMS SPECIFICALLY THE MUSICAL, VISUAL AND CULINARY FOR AN INTIMATE AND THRILLING FESTIVAL EXPERIENCE SHARED BY ARTISTS AND CONCERTGOERS ALIKE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHELSEA MUSIC FESTIVAL CELEBRATES GREAT MUSIC BY CONVENING WORLD-LEADING MUSICIANS & ARTISTS IN THE PERFORMING, CULINARY, AND VISUAL ARTS FOR AN INTERNATIONAL AUDIENCE. THE FESTIVAL INVITES ARTISTS, COMPOSERS, AND PERFORMERS TO COLLABORATE IN PURSUIT OF NEW PERSPECTIVES IN ARTISTIC EXPRESSION. INSPIRED BY ITS CHELSEA ROOTS, THE FESTIVAL REFLECTS THE CREATIVITY OF ONE OF NEW YORK CITY'S MOST DYNAMIC NEIGHBORHOODS. PROGRAMS SPAN MUSICAL GENRES RANGING FROM CLASSICAL TO CONTEMPORARY TO JAZZ WITH A SPECIAL EMPHASIS ON FESTIVAL COMMISSIONS BY COMPOSERS WHOSE WORKS ARE NOT IN THE TRADITIONAL WESTERN CANON. IN ADDITION TO ITS ON-THE-GROUND PROGRAMMING, THE FESTIVAL HOSTS AN ONLINE LIBRARY OF RECORDINGS SO MUSIC ENTHUSIASTS, ARTISTS, AND STUDENTS ALIKE CAN EXPLORE UNIQUE INTERPRETATIONS OF CLASSICAL, JAZZ, AND CONTEMPORARY WORKS VIA HIGH-QUALITY VIDEOS OF WORLD-CLASS PERFORMANCES AND DIALOGUES AVAILABLE FOR YEARS TO COME. SINCE 2010, THE CHELSEA MUSIC FESTIVAL HAS ESTABLISHED ITSELF AS A CRITICALLY-ACCLAIMED, ACCESSIBLE AND INTERACTIVE GATEWAY TO CHAMBER MUSIC IN NON-TRADITIONAL CONCERT SPACES SUCH AS ART GALLERIES, PUBLIC SQUARES, SCHOOLS, AND CHURCHES. ARTISTS HAIL FROM AROUND THE WORLD TO PARTAKE IN NEARLY TWO WEEKS OF PROGRAMMING COMPLETE WITH CONCERTS, LECTURES, EXHIBITIONS, FAMILY EVENTS, AND FREE OUTREACH PERFORMANCES. IN 2020, THE CHELSEA MUSIC FESTIVAL INAUGURATED ITS ONLINE ENCORES AND ONLINE ORIGINALS YOUTUBE SERIES; ONLINE ENCORES PRESENTS HIGHLIGHTS FROM OUR FESTIVAL ARCHIVES WHILE ONLINE ORIGINALS PRESENTS NEW AND NEVER-BEFORE-SEEN PERFORMANCES AND RECORDINGS. WE ARE PROUD TO GIVE EMERGING VOICES, PARTICULARLY THOSE OF WOMEN AND PEOPLE OF COLOR, A STAGE AND ARE WORKING TO BUILD AN AUDIENCE AND INTIMATE COMMUNITY TO SUPPORT A NEW GENERATION OF MUSICIANS, COMPOSERS, AND ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tiffany Fung Director/dir Of Operations & Bus Dev | OfficerTrustee | 10 | $18,720 |
Ken-David Masur President | OfficerTrustee | 20 | $10,000 |
Jessica Healy Secretary | OfficerTrustee | 1 | $0 |
Christine Egli Treasurer | OfficerTrustee | 1 | $0 |
Molly Calliste Director | Trustee | 1 | $0 |
Yoko Fukaya Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,950 |
| All other contributions, gifts, grants, and similar amounts not included above | $392,040 |
| Noncash contributions included in lines 1a–1f | $5,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $414,990 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | -$2,409 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $412,581 |
| 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. | $28,720 |
| Compensation of current officers, directors, key employees. | $8,744 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,731 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,094 |
| Fees for services: Accounting | $10,047 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,133 |
| Office expenses | $6,288 |
| Information technology | $3,024 |
| Royalties | $0 |
| Occupancy | $6,348 |
| Travel | $1,913 |
| 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 | $1,845 |
| Insurance | $1,349 |
| All other expenses | $100 |
| Total functional expenses | $127,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $413,297 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $175,000 |
| 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 | $3,789 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $592,086 |
| Accounts payable and accrued expenses | $1,128 |
| 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 | $1,128 |
| Net assets without donor restrictions | $415,958 |
| Net assets with donor restrictions | $175,000 |
| 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 | $592,086 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chelsea Music Festival Corporation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kimmel Center Inc Philadelphia, PA | $245,953,445 | $41,081,924 |
Brooklyn Academy Of Music Inc Brooklyn, NY | $168,013,887 | $29,572,079 |
South Street Theater Co Inc Morristown, NJ | $25,009,095 | $16,372,684 |
Bric Arts Media Bklyn Inc Brooklyn, NY | $22,086,824 | $12,315,164 |
The Apollo Theater Foundation Inc New York, NY | $69,978,827 | $33,324,849 |
New Haven Center For Performing Arts Inc Waterbury, CT | $12,801,705 | $9,109,828 |
Performing Arts Consultants Inc Brick, NJ | $2,328,922 | $7,486,685 |
Shen Yun Performing Arts Inc Cuddebackville, NY | $196,627,077 | $30,836,971 |
Foundation For Contemporary Arts Inc New York, NY | $44,020,214 | $7,582,108 |
National Comedy Center Operator Inc Jamestown, NY | $24,581,570 | $2,926,105 |
World Trade Center Performing Arts Center Inc New York, NY | $505,865,812 | $148,493,145 |
Associated Production Services Inc Trevose, PA | $3,216,743 | $4,781,597 |