Van Cliburn Foundation Inc
- Assets
- $13.7m
- Revenue
- $3.9m
- Investments
- $938.2k
- Employees
- 21
- Location
- Fort Worth, TX
- Founding
- 07/1967
- Data as of
- 06/2024
- EIN
- 75-1098332
Organization Overview
Van Cliburn Foundation Inc, operating under the name The Cliburn, is located in Fort Worth, TX. The organization was established in 1967. 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 06/2024, Cliburn employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cliburn 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 06/2024, Cliburn generated $3.9m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $4.8m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE CLIBURN ADVANCES CLASSICAL PIANO MUSIC THROUGHOUT THE WORLD. ITS INTERNATIONAL COMPETITIONS,EDUCATION PROGRAMS, AND CONCERT SERIES EMBODY AN ENDURING COMMITMENT TO ARTISTIC EXCELLENCE AND THE DISCOVERY OF YOUNG ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLIBURN FOSTERS THE APPRECIATION OF CLASSICAL AND OTHER FORMS OF MUSIC THROUGH THE PRESENTATION OF PIANO COMPETITIONS, INCLUDING A PROFESSIONAL COMPETITION, AN AMATEUR COMPETITION, AND A JUNIOR COMPETITION. COMPETITIONS ROTATE, OCCURRING ONCE EVERY FOUR YEARS.
THE CLIBURN FOSTERS THE APPRECIATION OF CLASSICAL, AND OTHER FORMS OF MUSIC THROUGH THE PRESENTATION OF A CONCERT SERIES EACH YEAR.
THE CLIBURN PROMOTES THE CAREERS OF ASPIRING MUSICIANS THROUGH THE MANAGEMENT OF COMPETITION WINNERS AND OTHER ARTISTS CAREERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacques Marquis President And CEO | Officer | 40 | $464,615 |
Alissa Ford Chief Financial Officer | 40 | $162,308 | |
Catherine Howell Chief Donor Relations Officer | 40 | $143,969 | |
Sandra Doan Director Of Artistic Planning | 40 | $142,279 | |
Maggie Estes Director Of Communications And Digital Content | 40 | $132,308 | |
Kimberly Blouin Director Of Marketing | 40 | $127,308 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Framework Productions Llc Webcast Production | 6/29/24 | $110,023 |
N Studio Llc Gala Event Production | 6/29/24 | $164,866 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $968,473 |
| Related organizations | $622,794 |
| Government grants | $102,864 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,110,627 |
| Noncash contributions included in lines 1a–1f | $2,308 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,804,758 |
| Total Program Service Revenue | $531,493 |
| Investment income | $298,917 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $18,311 |
| Net Rental Income | $3,672 |
| Net Gain/Loss on Asset Sales | $277,009 |
| Net Income from Fundraising Events | -$104,097 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $20,792 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,850,855 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,250,000 |
| 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. | $470,000 |
| Compensation of current officers, directors, key employees. | $47,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,297,629 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $235,256 |
| Payroll taxes | $137,304 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,709 |
| Fees for services: Accounting | $32,849 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,764 |
| Advertising and promotion | $84,059 |
| Office expenses | $0 |
| Information technology | $110,257 |
| Royalties | $0 |
| Occupancy | $165,549 |
| Travel | $97,889 |
| 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 | $65,564 |
| Insurance | $0 |
| All other expenses | $3,476 |
| Total functional expenses | $4,821,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,485,264 |
| Savings and temporary cash investments | $2,510 |
| Pledges and grants receivable | $133,000 |
| Accounts receivable, net | $139,967 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,933 |
| Prepaid expenses and deferred charges | $39,041 |
| Net Land, buildings, and equipment | $42,856 |
| Investments—publicly traded securities | $10,166,322 |
| Investments—other securities | $938,188 |
| Investments—program-related | $0 |
| Intangible assets | $598,520 |
| Other assets | $153,849 |
| Total assets | $13,707,450 |
| Accounts payable and accrued expenses | $220,400 |
| Grants payable | $0 |
| Deferred revenue | $414,845 |
| 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 | $233,694 |
| Total liabilities | $868,939 |
| Net assets without donor restrictions | $12,662,511 |
| Net assets with donor restrictions | $176,000 |
| 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 | $13,707,450 |