Breckenridge Music Inc
- Assets
- $0.0
- Revenue
- $248.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Breckenridge, CO
- Founding
- 05/1981
- Data as of
- 12/2019
- EIN
- 74-2156870
Organization Overview
Breckenridge Music Inc is located in Breckenridge, CO. The organization was established in 1981. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2019, Breckenridge Music Inc employed 8 individuals. Breckenridge Music 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 12/2019, Breckenridge Music Inc generated $248.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (20.0%) each year. All expenses for the organization totaled $228.8k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (21.5%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE BRECKENRIDGE MUSIC FESTIVAL IS TO PRESENT DIVERSE AND HIGH-QUALITY LIVE MUSIC PERFORMANCES AND BROAD BASED COMMUNITY MUSIC EDUCATION THROUGHOUT SUMMIT COUNTY COLORADO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONCERT SERIES PRODUCES DIVERSE PROGRAMMING, INCLUDING A CLASSICAL ORCHESTRA IN THE SUMMER, POPULAR MUSIC SERIES KNOWN AS BRECK MUSIC PRESENTS DURING THE SUMMER AND WINTER, IN HOME CHAMBER CONCERTS, AND A FREE FAMILY CONCERT.
THE YEAR-ROUND MUSIC IN THE SCHOOLS PROGRAM, KID FEST, FREE FAMILY CONCERT, OPEN REHEARSALS AND OTHER COMMUNITY PERFORMANCES AIM TO SHARE MUSIC WITH THE BROADEST CROSS-SECTION OF THE COMMUNITY. IN-SCHOOL ASSEMBLIES AND WORKSHOPS REACH STUDENTS AT SCHOOLS IN LAKE, PARK AND SUMMIT COUNTY. THE PROGRAM USED HIRED ARTISTS AS WELL AS MUSICIANS PERFORMING IN THE WINTER SERIES. FUNDING CONSISTS OF GRANTS RECEIVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Inglis Treasurer | OfficerTrustee | 5 | $0 |
Richard Roedel Chair | OfficerTrustee | 5 | $0 |
Bill Taylor Director | Trustee | 1 | $0 |
Sue Carver Director | Trustee | 1 | $0 |
Brian Hall Director | Trustee | 1 | $0 |
Laura Dziedzic Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,409 |
| Related organizations | $0 |
| Government grants | $42,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,441 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,850 |
| Total Program Service Revenue | $120,585 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,500 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $847 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $248,784 |
| 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 | $57,480 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,984 |
| Fees for services: Management | $6,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,215 |
| Advertising and promotion | $17,399 |
| Office expenses | $4,113 |
| Information technology | $515 |
| Royalties | $0 |
| Occupancy | $6,816 |
| Travel | $1,489 |
| 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 | $1,837 |
| Insurance | $6,263 |
| All other expenses | $15,574 |
| Total functional expenses | $228,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $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 | $0 |
| Total assets | $0 |
| 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 | $0 |
| 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 | $0 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Breckenridge Music Inc has recieved totaling $157,000.
| Awarding Organization | Amount |
|---|---|
The Summit Foundation Breckenridge, CO PURPOSE: PROGRAM SUPPORT | $147,000 |
Denver Foundation Denver, CO PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Classical Academy Colorado Springs, CO | $97,154,437 | $39,391,484 |
Spectrum Healthcare Group Inc Cottonwood, AZ | $17,862,058 | $29,292,227 |
Heritage Hall Oklahoma City, OK | $29,893,924 | $20,863,460 |
United States Deputy Sheriffs Association Inc Wichita, KS | $2,971,599 | $19,654,227 |
Arizona Agribusiness & Equine Center Phoenix, AZ | $41,363,992 | $18,352,142 |
Northwest Christian School Phoenix, AZ | $14,587,608 | $15,711,697 |
Fit Kids Inc Scottsdale, AZ | $27,357,951 | $13,904,484 |
Community Action Partnership Of Mid-Nebraska Kearney, NE | $10,567,482 | $13,526,656 |
Center For Academic Success Sierra Vista, AZ | $18,278,347 | $12,993,576 |
Oklahoma Connections Academy Inc Bartlesville, OK | $2,156,539 | $12,078,246 |
Denver Scholarship Foundation Denver, CO | $33,817,323 | $13,999,484 |
Mccalls Chapel School Inc Ada, OK | $9,915,625 | $11,707,804 |