Amelia Island Chamber Music Festival Inc
- Assets
- $511.2k
- Revenue
- $627.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Fernandina Beach, FL
- Founding
- 03/2002
- Data as of
- 07/2022
- EIN
- 59-3744948
Organization Overview
Amelia Island Chamber Music Festival Inc is located in Fernandina Beach, FL. The organization was established in 2002. 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 07/2022, Amelia Island 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. Amelia Island 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 07/2022, Amelia Island Chamber Music Festival Inc generated $627.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $599.6k during the year ending 07/2022. While expenses have increased by 11.7% 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
PRESENT THE WORLD'S GREATEST MUSICAL ARTISTS IN CHAMBER MUSIC CONCERTS OF CLASSICAL AND ALTERNATIVE GENRES FOR DIVERSE AUDIENCES. OFFER MUSIC EDUCATION TO CONCERT ATTENDEES, STUDENTS, AND ASPIRING YOUNG MUSICIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FESTIVAL NORMALLY HAS 13 CONCERTS EACH YEAR, FEATURING WORLD CLASS ARTISTS WHO PERFORM IN AMELIA ISLAND VENUES FOR THE GENERAL PUBLIC. THE COST OF THESE CONCERTS IS SUPPORTED GENEROUSLY BY DONORS, AND STATE AND FEDERAL GRANTS. TEACHERS, STUDENTS, AND THEIR FAMILIES, WHO ARE UNABLE TO PAY FOR TICKETS ARE ADMITTED FREE, AND THE CONCERTS THEMSELVES SUBSIDIZED FROM THE DONATIONS AND GRANTS. THESE LIVE CONCERTS BRING EXCEPTIONAL CHAMBER MUSIC TO NORTH FLORIDA AND SOUTHEAST GEORGIA. THE COVID-19 PANDEMIC REQUIRED THE FESTIVAL TO CANCEL MANY CONCERST THIS YEAR, MOST OF WHICH WERE RESCHEDULED TO 2021 AND 2022. MUCH OF THE UNDESIGNATED DONATION REVUENUE WAS USED TO SUPPORT 4C BELOW.
AICMF PROVIDES PIANO AND VIOLIN LESSONS FOR CHILDREN OF THE COMMUNITY, WHOSE FAMILIES ARE UNABLE TO PAY FOR THESE PRIVATE LESSONS. THE ORGANIZATION PROVIDES THE INSTRUMENTS AND USES SPACE AT THE LOCAL BOYS AND GIRLS CLUB ON AMELIA ISLAND, SO THAT CHILDREN CAN LEARN AND PRACTICE NEAR THEIR HOMES, IN A SAFE AND STRUCTURED ENVIRONMENT, AFTER SCHOOL. DURING THE PANDEMIC THE FACILITY WAS CLOASED, AND THE MUSIC LESSONS WERE TEMPORARILY SUSPENDED. THE ORGANIZATION ALSO CONDUCTS A SPRING INSTITUTE FOR PROFESSIONAL MUSICIANS, LED BY THE ARTISTIC DIRECTOR AND A WORLD- RENOWNED CHAMBER MUSIC GROUP. THE INSTITUTE IS PROVIDED FREE TO A COMPETITIVELY CHOSE GROUP OF YOUNG ADULT MUSICIANS. AICMF SUPPORTS THEIR TRAVEL AND HOUSING EXPENSES FOR THIS ONE WEEK PROGRAM IN JUNE ON AMELIA ISLAND.
THE 2020 COVID PANDEMIC, WHICH CLOSED OR SEVERELY CURTAILED AUDIENCES AT INDOOR VENUES, REQUIRED THE ORGANIZATION TO CANCEL MANY IN-PERSON CONCERTS. A LOCAL FILM COMPANY WAS HIRED TO RECORD A NUMBER OF CONCERTS, WHICH WERE PRESENTED TO VERY SMALL AUDIENCES. THESE HIGH QUALITY RECORDINGS WERE THEN MADE AVAILABLE TO THE GENERAL PUBLIC ONLINE ON OUR WEBSITE, FOR FREE WITH REQUESTS FOR VOLUNTARY DONATIONS TO THE ORGANIZATION.
MISCELLANEOUS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Sakurai Executive Di | Trustee | 30 | $50,000 |
Christopher Rex Director | Trustee | 10 | $36,000 |
Emma Bledsoe President | OfficerTrustee | 10 | $0 |
Sue Braddock Secretary | OfficerTrustee | 5 | $0 |
Kathleen Minder Treasurer | OfficerTrustee | 5 | $0 |
Irene Sanchez Vice Preside | OfficerTrustee | 3 | $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 | $380,161 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $380,161 |
| Total Program Service Revenue | $241,553 |
| Investment income | $5,812 |
| 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 | $627,526 |
| 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 | $88,620 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,110 |
| Fees for services: Management | $279,800 |
| 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 | $47,890 |
| Office expenses | $83,691 |
| Information technology | $96 |
| Royalties | $0 |
| Occupancy | $1,699 |
| Travel | $67,997 |
| 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 | $17,023 |
| Insurance | $5,649 |
| All other expenses | $0 |
| Total functional expenses | $599,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,324 |
| Savings and temporary cash investments | $404,009 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,837 |
| Total assets | $511,170 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $511,170 |
| 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 | $511,170 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Amelia Island Chamber Music Festival Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Halsey Family Foundation Saint Marys, GA PURPOSE: MISSIONS AND BENEVOLENCES | $30,000 |
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 |