Choral Masterworks Festival Inc
- Assets
- $56.3k
- Revenue
- $270.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Tampa, FL
- Founding
- 04/1989
- Data as of
- 06/2022
- EIN
- 59-2877120
Organization Overview
Choral Masterworks Festival Inc, operating under the name The Master Chorale Of Tampa Bay, is located in Tampa, FL. The organization was established in 1989. 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 06/2022, Master Chorale Of Tampa Bay employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Master Chorale Of Tampa Bay 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 06/2022, Master Chorale Of Tampa Bay generated $270.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $259.4k during the year ending 06/2022. 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 MASTER CHORALE IS COMMITTED TO ADVANCING THE ART OF CHORAL MUSIC BY PERFORMING GREAT WORKS OF THE PAST, COMMISSIONING AND PERFORMING NEW LITERATURE (CONTINUED ON SCH O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MASTER CHORALE PERFORMS 20-25 CONCERTS A YEAR, SERVING APPROXIMATELY 30,000 PEOPLE ANNUALLY. IN ADDITION TO TRADITIONAL CONCERTS WHICH CAN BE BOTH FREE ADMISSION AND PAID ADMISSION, THE CHORALE PERFORMS A VARIETY OF OUTREACH ACTIVITIES THROUGHOUT THE TAMPA BAY COMMUNITY, RELEASES INTERNATIONALLY DISTRIBUTED RECORDINGS, AND COMMISSIONS NEW MUSIC FROM CONTEMPORARY COMPOSITIONAL POWERHOUSES. THE CHORALE SUPPORTS IMPORTANT EDUCATIONAL PROGRAMS FOR PRIMARY, SECONDARY AND COLLEGE LEVEL CHORAL STUDENTS. THE CHORALE ORGANIZES FREE DAYTIME IN-SCHOOL MUSIC EDUCATION PRESENTATIONS AND DAYTIME PROFESSIONAL AND AGE APPROPRIATE CONCERTS FOR A DIVERSE GROUP OF STUDENTS PRIMARILY FROM TITLE I SCHOOLS IN HILLSBOROUGH AND PINELLAS COUNTIES, SERVING APPROXIMATELY 3,000 STUDENTS ANNUALLY. AT THE USF SCHOOL OF MUSIC, THE CHORALE IS OFFERED AS CLASS FOR CREDIT AND THE CHORALE FUNDS ONE TO TWO GRADUATE ASSISTANTSHIPS IN THE MASTERS CHORAL CONDUCTING PROGRAM, WHEN AVAILABLE THROUGH THE UNIVERSITY, THESE ADVANCED STUDENTS SERVE AS ASSISTANT CONDUCTORS FOR THE CHORALE, RECEIVE PRIVATE CONDUCTING LESSONS, AND GAIN HANDS ON TRAINING IN ARTS ADMINISTRATION, AN EDUCATIONAL AND CONDUCTING EXPERIENCE HIGHLY UNIQUE IN THEIR FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kara Dwyer Managing Dir | Trustee | 40 | $51,058 |
Roberta Burford Secretary | Officer | 5 | $0 |
Tate Garrett Chair | Officer | 5 | $0 |
Robert B Hicks ESQ Past Chair | Officer | 5 | $0 |
William E Keller PHD Vice Chair | Officer | 5 | $0 |
Thomas A Jackman Immediate Pa | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,025 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $65,289 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,374 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $220,688 |
| Total Program Service Revenue | $39,690 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,259 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $270,081 |
| 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. | $51,058 |
| Compensation of current officers, directors, key employees. | $17,870 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,423 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,392 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $115,053 |
| Advertising and promotion | $28,386 |
| Office expenses | $13,339 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,911 |
| 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 | $0 |
| Insurance | $2,590 |
| All other expenses | $0 |
| Total functional expenses | $259,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,132 |
| Savings and temporary cash investments | $0 |
| 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 | $9,126 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $56,258 |
| Accounts payable and accrued expenses | $5,690 |
| 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 | $35,000 |
| Other liabilities | $0 |
| Total liabilities | $40,690 |
| Net assets without donor restrictions | $15,568 |
| 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 | $56,258 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Choral Masterworks Festival Inc has recieved totaling $1,990.
| Awarding Organization | Amount |
|---|---|
Verizon Foundation Basking Ridge, NJ PURPOSE: VIP PAYOUT FOR 11/03/21 | $750 |
Allstate Foundation Northbrook, IL PURPOSE: EMPLOYEE HELPING HANDS GRANT | $500 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 09/08/21 | $300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $240 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 05/14/21 | $100 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 01/12/21 | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gasparilla Music Foundation Inc Tampa, FL | $1,064,591 | $5,545,638 |
Latin Grammy Cultural Foundation Doral, FL | $2,673,582 | $2,064,873 |
Florida West Coast Symphony Inc Endowment Tr Sarasota, FL | $31,410,388 | $1,333,679 |
Clearwater Jazz Holiday Foundation Inc Clearwater, FL | $1,252,742 | $1,598,944 |
Nu Deco Ensemble Inc Miami, FL | $264,007 | $1,216,119 |
Bach Festival Society Of Winter Park Winter Park, FL | $4,981,220 | $1,213,306 |
Community Arts Association In Newton County Inc Covington, GA | $760,838 | $850,953 |
Young Musicians Unite Inc Miami, FL | $743,271 | $986,222 |
Florida Smooth Jazz Foundation Inc Daytona Beach, FL | $674,500 | $806,903 |
Southwest Florida Symphony Orchestra And Chorus Association I Fort Myers, FL | $2,643,813 | $756,553 |
American Federation Of Musicians Of The Us & Canada Atlanta, GA | $1,564,619 | $594,918 |
Chamber Music Society Of Palm Beach Inc Palm Beach, FL | $369,109 | $714,588 |