Rushmore Music Festival
- Assets
- $313.5k
- Revenue
- $308.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Rapid City, SD
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 47-3451302
Organization Overview
Rushmore Music Festival is located in Rapid City, SD. The organization was established in 2017. 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. Rushmore Music 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 12/2022, Rushmore Music Festival generated $308.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 35.6% each year . All expenses for the organization totaled $263.7k during the year ending 12/2022. While expenses have increased by 34.4% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE RUSHMORE MUSIC FESTIVAL PROMOTES ACCESS TO MUSICAL EXCELLENCE THROUGH EDUCATION AND PERFORMANCE TO ENRICH THE CULTURAL LANDSCAPE IN OUR COMMUNITY AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RUSHMORE MUSIC FESTIVAL'S FLAGSHIP SOLO AND CHAMBER MUSIC PROGRAM TAKES PLACE IN THE HEART OF THE BLACK HILLS IN RAPID CITY, SOUTH DAKOTA. WITH A STRONG FOCUS ON INDIVIDUAL TECHNICAL MASTERY AND ARTISTIC GROWTH ROOTED IN COMMUNICATION, THE FESTIVAL FOSTERS A CHALLENGING, IMMERSIVE MUSICAL ENVIRONMENT. OVER THE COURSE OF 3 WEEKS, STUDENTS PARTICIPATED IN MULTIPLE SOLO, CHAMBER, AND CONDUCTORLESS CHAMBER ORCHESTRA PERFORMANCE OPPORTUNITIES IN THE NEW FACILITIES, WHOSE USE WAS DONATED IN-KIND, AND THROUGHOUT THE COMMUNITY. STUDIO CLASSES, DISTINGUISHED GUEST ARTIST MASTERCLASSES, AND COMPETITIONS PROVIDE STUDENTS WITH HIGH AND LOW-STRESS ENVIRONMENTS TO BUILD AND REFINE THEIR PERFORMANCE SKILLS. THE RUSHMORE MUSIC FESTIVAL WELCOMED STUDENTS FROM AROUND THE UNITED STATES ON AN AUDITION-ACCEPTED BASIS, PROVIDING THEM WITH FULL-TUITION FELLOWSHIPS. STUDENTS WERE RESPONSIBLE ONLY FOR THE COST OF A MEAL PLAN.
PERFORMANCE GUILD - STUDENTS FROM THE LOCAL COMMUNITIES OF RAPID CITY AND SPEARFISH PERFORMED FOR OUT-OF-STATE JUDGES TO RECEIVE FEEDBACK AND THEN PERFORM IN A SHOWCASE CONCERT.
IN ORDER TO ENHANCE ACCESSIBILITY TO CLASSICAL MUSIC, WE APPLIED FOR AND RECEIVED A GRANT TO CREATE PROJECT BEETHOVAN. PROJECT BEETHOVAN ALLOWS THE RUSHMORE MUSIC FESTIVAL TO TO BRING WORLD-CLASS CLASSICAL MUSIC PERFORMANCES DIRECTLY TO THE PEOPLE IN OUR COMMUNITY AS WELL AS SURROUNDING COMMUNITIES. WE DO THIS THROUGH THE ACQUISITION AND CUSTOMIZATION OF A 12-PASSENGER VAN, AN ENCLOSED CARGO TRAILER, AND THE THE RETROFITTING OF THE ENCLOSED CARGO TRAILER INTO A MOBILE CONCERT VENUE. LABOR WAS PROVIDED THROUGH A PARTNERSHIP WITH SOUTH DAKOTA SCHOOL OF MINES AND TECHNOLOGY MECHANICAL ENGINEERING STUDENTS. THIS PROJECT WILL CONTINUE THROUGH 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Walfish Co-Founder, President, And Executive Director | OfficerTrustee | 40 | $0 |
Katie Smirnova Co-Founder, Artistic Director, Secretary | OfficerTrustee | 40 | $0 |
Jacqueleen Baker Vice President | OfficerTrustee | 15 | $0 |
Alevtina Smirnova Board Member | Trustee | 1 | $0 |
Scott Schutz Board Member | Trustee | 1 | $0 |
Justice Fuegen Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,599 |
| Related organizations | $0 |
| Government grants | $13,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $261,386 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $282,235 |
| Total Program Service Revenue | $26,270 |
| Investment income | $38 |
| 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 | $308,543 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,000 |
| 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 | $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 | $388 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,726 |
| Advertising and promotion | $2,350 |
| Office expenses | $2,011 |
| Information technology | $136 |
| Royalties | $0 |
| Occupancy | $1,284 |
| Travel | $22,584 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $905 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,755 |
| All other expenses | $0 |
| Total functional expenses | $263,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $638 |
| Savings and temporary cash investments | $203,410 |
| Pledges and grants receivable | $6,780 |
| 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 | $102,710 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $313,538 |
| Accounts payable and accrued expenses | $99,457 |
| 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 | $5,788 |
| Other liabilities | $0 |
| Total liabilities | $105,245 |
| Net assets without donor restrictions | $86,293 |
| Net assets with donor restrictions | $122,000 |
| 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 | $313,538 |