Highlands Chamber Music Festival Inc
- Assets
- $1.3m
- Revenue
- $538.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Highlands, NC
- Founding
- 03/1984
- Data as of
- 09/2022
- EIN
- 56-1376891
Organization Overview
Highlands Chamber Music Festival Inc is located in Highlands, NC. The organization was established in 1984. 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 09/2022, Highlands Chamber Music Festival Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highlands Chamber Music Festival Inc 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 09/2022, Highlands Chamber Music Festival Inc generated $538.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $529.4k during the year ending 09/2022. While expenses have increased by 7.4% per year over the past 7 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 CORPORATION PROVIDES A FIVE WEEK MUSIC FESTIVAL EACH SUMMER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION PROVIDES A FIVE WEEK MUSIC FESTIVAL EACH SUMMER
THE CORPORATION PROVIDES A FIVE WEEK MUSIC FESTIVAL EACH SUMMER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis Davis President | OfficerTrustee | 4 | $0 |
Robert L Brown Vice Preside | OfficerTrustee | 2 | $0 |
Brooke Mackinnon Secretary | OfficerTrustee | 4 | $0 |
Dennis Leftwich Director | OfficerTrustee | 4 | $0 |
Lana Jordan Treasurer | OfficerTrustee | 4 | $0 |
Martha Pearson President | OfficerTrustee | 4 | $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 | $416,949 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $416,949 |
| Total Program Service Revenue | $91,307 |
| 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 | $30,174 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $538,430 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,360 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,399 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $119,399 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,578 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,365 |
| Travel | $1,628 |
| 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 | $1,044 |
| Insurance | $0 |
| All other expenses | $60,676 |
| Total functional expenses | $529,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $304,510 |
| Savings and temporary cash investments | $32,306 |
| 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 | $2,500 |
| Investments—publicly traded securities | $918,937 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,258,253 |
| 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 | $9,720 |
| Total liabilities | $9,720 |
| Net assets without donor restrictions | $1,248,533 |
| 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 | $1,258,253 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Highlands Chamber Music Festival Inc has recieved totaling $35,050.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: ADVANCING THE ARTS | $11,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $8,600 |
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: FOR 2022 SEASON UNDERWRITING (DONATION ONLY, DECLINE BENEFITS) | $7,500 |
Cliboca Foundation Inc Columbus, GA PURPOSE: TO FURTHER THE ORGANIZATION'S PURPOSE | $5,000 |
Milton & Margie Ruben Charitable Foundation Augusta, GA PURPOSE: COMMUNITY SUPPORT | $2,950 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Country Music Association Inc Nashville, TN | $102,178,283 | $43,001,334 |
Birthplace Of Country Music Alliance Bristol, TN | $15,699,295 | $2,559,665 |
Musicians On Call Inc Nashville, TN | $3,633,934 | $3,486,106 |
Garth Newel Music Center Foundation Corp Warm Springs, VA | $11,030,155 | $3,286,449 |
Varna International Music Academy Columbia, SC | $449,855 | $1,227,146 |
Blues Foundation Inc Memphis, TN | $4,533,935 | $1,249,645 |
Songbirds Foundation Inc Chattanooga, TN | $16,669,845 | $490,877 |
Community Arts Association In Newton County Inc Covington, GA | $760,838 | $850,953 |
Virginia Musical Theatre Inc Virginia Beach, VA | $428,462 | $648,568 |
Musicians Hall Of Fame And Museum Nashville, TN | $2,497,299 | $1,370,985 |
Spartanburg Philharmonic Spartanburg, SC | $755,799 | $833,009 |
Jazzarts Charlotte Charlotte, NC | $599,650 | $885,033 |