Highlands Chamber Music Festival Inc
- Assets
- $1.3m
- Revenue
- $542.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Highlands, NC
- Founding
- 03/1984
- Data as of
- 09/2023
- 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 09/2023, 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 09/2023, Highlands Chamber Music Festival Inc generated $542.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $536.6k during the year ending 09/2023. 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
2023
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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis Davis President | OfficerTrustee | 4 | $0 |
Robert L Brown Vice-Preside | OfficerTrustee | 4 | $0 |
Brooke Mackinnon Secretary | OfficerTrustee | 4 | $0 |
Lana Jordan Treasurer | OfficerTrustee | 4 | $0 |
J F Bryan Director | Trustee | 2 | $0 |
Kathleen Rivers-Carroll Director | Trustee | 2 | $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 | $327,502 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $327,502 |
| Total Program Service Revenue | $118,567 |
| Investment income | $18,717 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,771 |
| Net Income from Fundraising Events | $18,877 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $542,434 |
| 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 | $73,962 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,718 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,125 |
| Travel | $817 |
| 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 | $1,125 |
| Insurance | $0 |
| All other expenses | $83,940 |
| Total functional expenses | $536,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,106 |
| Savings and temporary cash investments | $1,006,349 |
| 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 | $24,375 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,256,830 |
| 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 | $2,476 |
| Total liabilities | $2,476 |
| Net assets without donor restrictions | $1,254,354 |
| 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 | $1,256,830 |