American Cello Institute Incorporated
- Assets
- $637.1k
- Revenue
- $484.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomington, IN
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-3766386
Organization Overview
American Cello Institute Incorporated is located in Bloomington, IN. The organization was established in 2014. According to its NTEE Classification (A68) the organization is classified as: Music, 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. American Cello Institute Incorporated 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, American Cello Institute Incorporated generated $484.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $182.1k during the year ending 12/2021. While expenses have increased by 0.4% 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
PROMOTE AWARENESS OF THE PERFORMANCE & STUDY OF THE CELLO AND THEN VIOLIN,VIOLA,BASS & PIANO BOTH IN THE US AND ABROAD. COLLABERATE INTERNATIONALLY AS A FOCAL POINT FOR THE MUSIC OF THE CELLO AND ALL INSTRUMENTS AMONG MUSCICIANS,SCHOLARS,RESEARCHERS & PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL CHAMBER ORCHESTRA OF PUERTO RICO FESTIVAL (ICOPR)THE ORGANIZATION HAS PRESENTED THE INTERNATIONAL CHAMBER ORCHESTRA OF PUERTO RICO FESTIVAL (ICOPR) SINCE 2016 TO INTERCULTERALLY PROMOTE PEACE, UNITY, AND BROTHERHOOD AMONGST NATIONS THROUGH MUSIC,TO MAKE MUSIC AT THE HIGHEST ARTISTIC LEVEL AND TO CULTERALLY ENRICH UNDERSERVED COMMUNITIES THROUGHOUT PUERTO RICO AND THE WORLD. SINCE ICOPRS INCEPTION IT HAS REACHED A TELEVISION AUDIENCE OF OVER 5,000,000 VIEWERS; HOSTED OVER 26,007 ATTENDEES; AND PROVIDED NEARLY 208 CONCERTS, MASTERCLASSES AND EDUCATIONAL EVENTS THROUGHOUT PUERTO RICO. THROUGH CREATIVELY MODERN PERFORMANCE FORMATS CONDUCIVE TO CULTIVATING NEW AUDIENCES, ICOPR COLLABERATES WITH COMMUNITIES, MUNICIPALITIES, AND ARTS ORGANIZATIONS TO FORM ENGAGING EDUCATIONAL EXPERIENCES PROMOTING FREE ACCESS TO THE ARTS FOR CHILDREN AND COMMUNITIES THROUGH THE ISLAND. ICOPR INCORPORATES YOUNG ARTISTS TO NURTURE THEIR FORMATION, TO ATTRACT CULTURAL TOURISM AND TO INTERNATIONALLY PROMOTE PUERTO RICO TO THE WORLD THROUGH THE HIGHEST LEVEL OF ARTISTRY AND CULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emilio Colon President | OfficerTrustee | 15 | $39,419 |
Cara E Colon Vice Presidenttreasurer | OfficerTrustee | 10 | $22,603 |
Wanda Soldevilla Director | Trustee | 1 | $0 |
Brian Lilly Director | Trustee | 1 | $0 |
Rafael Luis Rovira Director | Trustee | 1 | $0 |
Joaquin Rodriguez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $434,058 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $484,058 |
| Total Program Service Revenue | $0 |
| Investment income | $248 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $484,306 |
| 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. | $62,022 |
| 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 | $0 |
| Fees for services: Accounting | $2,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,066 |
| Advertising and promotion | $0 |
| Office expenses | $869 |
| 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 | $3,067 |
| Insurance | $3,115 |
| All other expenses | $0 |
| Total functional expenses | $182,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $451,469 |
| Savings and temporary cash investments | $130,007 |
| 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 | $30,667 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,000 |
| Total assets | $637,143 |
| Accounts payable and accrued expenses | $2,250 |
| 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 | $2,250 |
| Net assets without donor restrictions | $634,893 |
| Net assets with donor restrictions | $0 |
| 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 | $637,143 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that American Cello Institute Incorporated has recieved totaling $35,703.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $24,645 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $58 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee World Festival Inc Milwaukee, WI | $107,459,917 | $5,773,948 |
Grant Park Orchestral Association Chicago, IL | $15,259,948 | $7,547,765 |
Jazz St Louis St Louis, MO | $11,818,193 | $2,884,733 |
Chicago Sinfonietta Inc Chicago, IL | $3,675,444 | $3,506,738 |
Ragtag Film Society Columbia, MO | $1,382,564 | $1,866,748 |
Percussive Arts Society Inc Indianapolis, IN | $5,047,679 | $2,367,696 |
Music Of The Baroque Concert Series Inc Chicago, IL | $2,610,285 | $1,900,263 |
Radio Arts Foundation Clayton, MO | $3,517,540 | $1,458,263 |
Great American Songbook Foundation Inc Carmel, IN | $8,944,393 | $1,441,715 |
Glenview Stars Hockey Assn 5 Glenview Ice Center Glenview, IL | $561,491 | $1,280,609 |
Birch Creek Music Performance Center Inc Egg Harbor, WI | $4,670,702 | $1,564,605 |
Intonation Music Workshop Chicago, IL | $400,867 | $959,526 |