Seattle Chamber Music Society Foundation
- Assets
- $6.2m
- Revenue
- $391.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 05/2012
- Data as of
- 09/2021
- EIN
- 45-2718970
Organization Overview
Seattle Chamber Music Society Foundation is located in Seattle, WA. The organization was established in 2012. According to its NTEE Classification (A19) the organization is classified as: Support N.E.C., 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. Seattle Chamber Music Society Foundation 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 09/2021, Seattle Chamber Music Society Foundation generated $391.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $218.8k during the year ending 09/2021. While expenses have increased by 18.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL SUPPORT TO THE SEATTLE CHAMBER MUSIC FESTIVAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE SEATTLE CHAMBER MUSIC FESTIVAL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Penney Secretary/treasurer | OfficerTrustee | 1 | $0 |
Ned Laird Board President | OfficerTrustee | 2 | $0 |
Karen Cameron Director | Trustee | 1 | $0 |
Leo Van Dorp Director | Trustee | 1 | $0 |
Scott Davidson Director | Trustee | 1 | $0 |
Jim Penney Director | 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 | $290,097 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $290,097 |
| Total Program Service Revenue | $0 |
| Investment income | $98,999 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,848 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $391,944 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $175,918 |
| 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 | $25,481 |
| 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 | $5,039 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,385 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $218,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $573,354 |
| 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 | $5,600,911 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,174,265 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $6,174,265 |
| 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 | $6,174,265 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Seattle Chamber Music Society Foundation has recieved totaling $4,528.
| Awarding Organization | Amount |
|---|---|
Lenore Hanauer Foundation Seattle, WA PURPOSE: UNRESTRICTED SUPPORT | $4,000 |
Grousemont Foundation Seattle, WA PURPOSE: GENERAL & UNRESTRICTED | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $28 |
Endowment Analysis
| Beg. Balance | $4,264,324 |
| Earnings | $836,314 |
| Net Contributions | $725,587 |
| Other Expense | $225,314 |
| Ending Balance | $5,600,911 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Museums Alaska Incorporated Anchorage, AK | $246,164 | $428,263 |
Storyknife Writers Retreat Homer, AK | $1,830,976 | $284,917 |
Seattle Chamber Music Society Foundation Seattle, WA | $6,174,265 | $391,944 |
Music4life Seattle, WA | $52,012 | $249,816 |
Corvallis-Osu Symphony Society Corvallis, OR | $406,218 | $0 |
Advance Gender Equity In The Arts Portland, OR | $198,181 | $0 |
Very Little Theater Inc Eugene, OR | $1,399,706 | $410,753 |
Music Theatre Of Wenatchee Inc Wenatchee, WA | $556,472 | $225,424 |
Boise Hive Boise, ID | $304,163 | $0 |
Friends Of Jane Addams Music Seattle, WA | $90,146 | $0 |
National Association For Poetry Therapy Inc Des Moines, WA | $56,940 | $0 |
Alaska Aviation Museum Endowment Anchorage, AK | $878,234 | $226,104 |