Music In The Mountains Inc is located in Durango, CO. The organization was established in 1990. 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 09/2022, Music In The Mountains Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music In The Mountains 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 09/2022, Music In The Mountains Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $795.7k during the year ending 09/2022. 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
TO PRODUCE AN EXCEPTIONAL SUMMER MUSIC FESTIVAL WITH MUSICIANS OF THE HIGHEST CALIBER, ENTERTAIN, EDUCATE AND DELIGHT AUDIENCES WITH THE RICHNESS OF CLASSICAL MUSIC, AND COMPLEMENT THE CONCERTS WITH A YEAR ROUND EDUCATION PROGRAM FOR YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC IN THE MOUNTAINS APPROACHED THE 2022 FESTIVAL SEASON WITH AN ABUNDANCE OF CONFIDENCE FOLLOWING THE SUCCESS OF THE 2021 SEASON. WHILE COVID-19 WASNT QUITE BEHIND US, 35 OF 37 PLANNED EVENTS WERE EXECUTED DURING THE 24-DAY EVENT. WE CONTINUED TO OFFER OUR POPULAR FREE COMMUNITY CONCERT SERIES ON TOP OF OUR PRE-PANDEMIC THREE-WEEK ORCHESTRAL SEASON, MAKING THE FESTIVAL FOUR WEEKS LONG FOR THE FIRST TIME IN OUR 36-YEAR HISTORY. FOLLOWING ARE FY 2022 OPERATIONS NOTES:MANAGEMENT CONTINUED TO CONCENTRATE ON BOTH MANAGING EXPENSES AND MAINTAINING STRONG DONOR RELATIONSHIPS. THE LOCAL (AND NATIONAL) LABOR SHORTAGE/CRISIS IS REAL AND IMPACTED MUSIC IN THE MOUNTAINS OPERATIONS SEVERELY. THIS SEASON WE HAD SEVERAL NEW CONTRACTORS AND EMPLOYEES: PIANO TUNER, STAGE MANAGER, OPERATIONS MANAGER (2), GRAPHIC DESIGNER, POPS DECORATIONS COORDINATOR (2), FESTIVAL ASSISTANT (2), AND SUMMER INTERN. MUCH TIME AND ENERGY WERE SPENT IN RECRUITING, HIRING, AND TRAINING. ALMOST FOUR MONTHS OF THE 2022 FISCAL YEAR WAS MANAGED WITH ONLY ONE FULL-TIME EMPLOYEE. FOR THE FIRST TIME IN ABOUT TEN YEARS, MUSIC IN THE MOUNTAINS INCREASED TICKET PRICES. CONSIDERING THE INCREASED COSTS/HIGH INFLATION WE HAD NO CHOICE AND PATRONS SEEMED TO BE (MOSTLY) SUPPORTIVE. ARTISTIC DIRECTOR, GREGORY HUSTIS, RETIRED FROM THE ORGANIZATION AFTER 35 YEARS OF EXCELLENT SERVICE. THE STRATEGIC DECISION WAS MADE TO CONSOLIDATE THE ARTISTIC LEADERSHIP POSITIONS FOLLOWING HUSTIS RETIREMENT, AND GUILLERMO FIGUEROA, WHO HAS BEEN OUR MUSIC DIRECTOR & CONDUCTOR SINCE 2007, WILL ASSUME THE ADDITIONAL ROLE OF ARTISTIC DIRECTOR IN 2023. THIS WILL BE A SIGNIFICANT FINANCIAL SAVINGS. IN THE CURRENT ENVIRONMENT, LOCAL BUSINESSES ARE STILL RECOVERING AND MAY NOT BE ABLE TO SPONSOR AT PAST LEVELS. THE LODGING SITUATION IN DURANGO CONTINUES TO BE CHALLENGING. THE ORGANIZATION IS TASKED WITH FINDING ADEQUATE HOUSING FOR ALL MUSICIANS - AND IN MANY CASES THEIR FAMILIES - AND THE COST/NIGHT IN DURANGO HAS RISEN TO DOUBLE WHAT IT WAS IN 2019. MUSIC IN THE MOUNTAINS WAS THE BENEFICIARY OF A $750,000 BEQUEST. THEY ALSO RECEIVED MANY OF THE AVAILABLE COVID RELIEF GRANTS AND, AS A RESULT, ENDED THE FISCAL YEAR IN AN UNEXPECTEDLY POSITIVE FINANCIAL POSITION. THE FINANCIAL POSITION IS A TEMPORARY AND MISLEADING BOTTOM LINE. IT WILL BE VERY IMPORTANT TO COMMUNICATE THE FULL STORYTHAT IF THE ONE-TIME COVID RELIEF FUNDS AND THE BEQUEST WERE BACKED OUT OF THE REVENUE LINE, MUSIC IN THE MOUNTAINS WOULD BE OPERATING IN THE RED. AS A NON-PROFIT PERFORMING ARTS ORGANIZATION, THEY MUST CONTINUE TO RELY HEAVILY ON THE GENEROSITY OF INDIVIDUAL SUPPORTERS AND CORPORATE SPONSORS TO OPERATE. AT THE TIME OF THIS WRITING, THE PLAN FOR FESTIVAL 2023 IS TO BRING THE FULL ORCHESTRA TO DURANGO FOR THE REGULAR THREE-WEEK SEASON TO BE PRESENTED AT THE COMMUNITY CONCERT HALL AT FORT LEWIS COLLEGE PLUS THE ADDITIONAL WEEK OF FREE COMMUNITY OUTREACH CONCERTS THROUGHOUT THE REGION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Angie Beach Executive Dir. | Officer | 40 | $82,067 |
Meredith Madrigal Director | Trustee | 1 | $0 |
Gail Harris Director | Trustee | 1 | $0 |
Christine Serwe Director | Trustee | 1 | $0 |
Elizabeth Hogan Secretary | OfficerTrustee | 1 | $0 |
Steven Philips Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $5,000 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $241,055 |
All other contributions, gifts, grants, and similar amounts not included above | $1,188,227 |
Noncash contributions included in lines 1a–1f | $60,843 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,434,282 |
Total Program Service Revenue | $195,059 |
Investment income | $14,316 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$82 |
Net Income from Fundraising Events | $13,469 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,657,044 |
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. | $85,000 |
Compensation of current officers, directors, key employees. | $8,500 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $63,360 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $10,890 |
Payroll taxes | $11,606 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $23,600 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $1,477 |
Fees for services: Other | $105,451 |
Advertising and promotion | $2,971 |
Office expenses | $16,190 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $120,540 |
Travel | $0 |
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 | $16,398 |
Insurance | $6,622 |
All other expenses | $22,425 |
Total functional expenses | $795,683 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $358,476 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $12,440 |
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 | $7,831 |
Net Land, buildings, and equipment | $23,085 |
Investments—publicly traded securities | $1,067,971 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,000 |
Total assets | $1,471,803 |
Accounts payable and accrued expenses | $40,605 |
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 | $40,605 |
Net assets without donor restrictions | $1,306,194 |
Net assets with donor restrictions | $125,004 |
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 | $1,471,803 |