Chopin Foundation Of The United States Inc
- Assets
- $1.7m
- Revenue
- $614.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Miami, FL
- Founding
- 10/1979
- Data as of
- 06/2023
- EIN
- 59-1778404
Organization Overview
Chopin Foundation Of The United States Inc is located in Miami, FL. The organization was established in 1979. 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 06/2023, Chopin Foundation Of The United States Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chopin Foundation Of The United States 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 06/2023, Chopin Foundation Of The United States Inc generated $614.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $480.5k during the year ending 06/2023. While expenses have increased by 6.2% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT YOUNG AMERICAN MUSICIANS AND PROMOTE CLASSICAL MUSIC AMONG GENERAL AUDIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHOPIN FOUNDATION OF THE UNITED STATES IS A NATIONAL NOT FOR PROFIT ORGANIZATION DEDICATED TO THE SUPPORT (FINANCIAL AND PROFESSIONAL) OF YOUNG TALENTED AMERICAN MUSICIANS. THE PROGRAMS OF THE FOUNDATION ARE DIRECTED TOWARDS THE ENCOURAGEMENT OF AMERICA'S FUTURE MASTER MUSICIANS, WHILE SERVICING THE COMMUNITIES THAT SUPPORT THEM.
CHARITABLE DISTRIBUTIONS (MUSICAL GRANTS) ARE DETERMINED AS FOLLOWS: THE SCHOLARSHIP PROGRAM IS OPEN TO ALL QUALIFIED AMERICAN PIANISTS (US CITIZENS OR LEGAL RESIDENTS) NOT YOUNGER THAN 14 AND NOT OLDER THAN 17 YEARS OF AGE ON MAY 15 OF THEIR FIRST YEAR OF APPLICATION. PROCEDURE: AS OF 2015, ALL SCHOLARSHIP APPLICATIONS MUST BE SUBMITTED ONLINE. PLEASE VISIT THE CHOPIN FOUNDATION WEBSITE, WWW.CHOPIN.ORG FOR A LINK TO THE ONLINE SCHOLARSHIP APPLICATION.
THE NATIONAL CHOPIN PIANO COMPETITION OF THE UNITED STATES IS OPEN EXCLUSIVELY TO U.S. CITIZENS AND IS HELD EVERY FIVE YEARS IN MIAMI, FLORIDA. APPROXIMATELY 5,500 PEOPLE ATTEND THIS NATIONAL EVENT. THE SCHOLARSHIP PROGRAM FOR YOUNG AMERICAN PIANISTS OFFERS A FOUR YEAR SUPPORT PROGRAM TO YOUNG OUTSTANDING PIANO STUDENTS. WINNERS OF THE NATIONAL COMPETITION RECEIVE CASH PRIZES, A NATIONAL AND INTERNATIONAL CONCERT TOUR, AND A PAID TRIP TO WARSAW, POLAND TO PARTICIPATE IN THE INTERNATIONAL CHOPIN PIANO COMPETITION, THE OLDEST AND MOST PRESTIGIOUS IN THE WORLD.
THE ANNUAL FREE CONCERT SERIES IN SOUTH FLORIDA, "CHOPIN FOR ALL" PROVIDES PUBLIC CONCERT OPPORTUNITIES FOR YOUNG MUSICIANS AND ACCESS TO THIS QUALITY LIVE MUSIC TO A BROADER AUDIENCE FOR FREE. INTERNATIONAL AND NATIONAL WINNERS EXCHANGE PROGRAMS, MASTER CLASSES, PUBLICATIONS, AND MEMBERSHIP ACTIVITIES IN SOUTH FLORIDA, SAN FRANCISCO, SEATTLE, AND VIRGINIA ARE ALSO INCLUDED IN THE ORGANIZATION'S PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Muze Executive Di | Trustee | 40 | $76,083 |
Olga Melin Vice Preside | OfficerTrustee | 10 | $0 |
Blanka A Rosenstiel President | OfficerTrustee | 10 | $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 | $476,688 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $476,688 |
| Total Program Service Revenue | $67,075 |
| Investment income | $64,692 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,168 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $614,623 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $93,505 |
| Grants and other assistance to domestic individuals. | $24,000 |
| 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 | $119,925 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,900 |
| Payroll taxes | $9,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,054 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,312 |
| Office expenses | $22,781 |
| Information technology | $192 |
| Royalties | $0 |
| Occupancy | $33,180 |
| Travel | $14,527 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $861 |
| Interest | $123 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $808 |
| Insurance | $2,083 |
| All other expenses | $9,865 |
| Total functional expenses | $480,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,491 |
| Savings and temporary cash investments | $97,785 |
| 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 | $741 |
| Investments—publicly traded securities | $1,469,016 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,000 |
| Total assets | $1,656,033 |
| Accounts payable and accrued expenses | $2,952 |
| 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 | $2,952 |
| Net assets without donor restrictions | $318,072 |
| Net assets with donor restrictions | $1,335,009 |
| 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 | $1,656,033 |