Capital Region Classical Inc
- Assets
- $766.9k
- Revenue
- $741.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Albany, NY
- Founding
- 08/2019
- Data as of
- 06/2022
- EIN
- 83-1925523
Organization Overview
Capital Region Classical Inc is located in Albany, NY. The organization was established in 2019. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Region Classical 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 06/2022, Capital Region Classical Inc generated $741.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 68.6% each year . All expenses for the organization totaled $459.1k 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
CAPITAL REGION CLASSICAL(CRC) PRESENTS AND PROMOTES CHAMBER MUSIC PERFORMANCES BY INTERNATIONALLY RENOWNED MUSICIANS AND TALENTED YOUNG ARTISTS TO DEEPEN THE PUBLIC'S CONNECTION TO CLASSICAL MUSIC. THEY PRODUCE INSPIRING WORLD-CLASS ARTS PROGRAMMING NOT OTHERWISE AVAILABLE IN THE REGION AT EASILY-ACCESSIBLE COMMUNITY LOCATIONS. CHAMBER MUSIC IS A LIVING ART FORM WHOSE ESSENTIAL VALUES, COLLABORATION, INTERDEPENDENCE, AND SHARED SACRIFICE TO ADVANCE THE GREATER GOOD, CAN SERVE AS MODELS FOR BROADER SOCIETY. CRC CONTINUOSLY STRIVES TO BE A MORE EGALITARIAN SOCIETY;CONCERTS, EVENTS AND BUSINESS MODELS ARE DESIGNED SO PEOPLE FROM DIVERSE WALKS OF LIFE CAN AFFORD TO ENJOY INTIMATE MUSICAL EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRC ENABLES WORLD-FAMOUS CLASSICAL MUSICIANS TO SHARE THEIR ARTISTRY IN AN INTIMATE SETTING, ENGENDERING A SYMBIOTIC RELATIONSHIP WHERE PERFORMERS AND AUDIENCE FEED OFF EACH OTHER'S ENERGY TO ENHANCE THE MUSICAL EXPERIENCE. THE ORGANIZATION CELEBRATES THE KNOWLEDGE THAT THESE INCREDIBLE MUSICIANS RETURN YEAR AFTER YEAR TO THE CAPITAL REGION BECAUSE OF THE PROGRAM, ENABLING THEM TO ENRICH THE LIVES OF THOUSANDS OF PEOPLE FROM THROUGHOUT THE REGION AND BEYOND. CRC ALSO OFFERS RELIABLY COMPELLING PERFROMANCES BY WORLD-RENOWNED ARTISTS TO OPTIMALLY PERPETUATE AND DEVELOP THE ART FORM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Delaney Art. Director | Officer | 40 | $115,000 |
Thomas Murphy President | OfficerTrustee | 1 | $0 |
Michael Bishop Treasurer | OfficerTrustee | 1 | $0 |
Marion Roach Smith Vice President | OfficerTrustee | 1 | $0 |
Brian Quiara Secretary | OfficerTrustee | 1 | $0 |
Ellen-Deane Cummins Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $70,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $499,158 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $569,158 |
| Total Program Service Revenue | $168,982 |
| Investment income | $3,618 |
| 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 | $741,758 |
| 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. | $118,356 |
| Compensation of current officers, directors, key employees. | $39,452 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $9,200 |
| Other employee benefits | $7,438 |
| Payroll taxes | $12,699 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,590 |
| Fees for services: Accounting | $1,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,732 |
| Fees for services: Other | $178,844 |
| Advertising and promotion | $24,186 |
| Office expenses | $11,459 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,514 |
| 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 | $0 |
| Insurance | $7,486 |
| All other expenses | $8,291 |
| Total functional expenses | $459,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,690 |
| Savings and temporary cash investments | $116,248 |
| 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 | $407,934 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $766,872 |
| Accounts payable and accrued expenses | $2,526 |
| 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 | $2,526 |
| Net assets without donor restrictions | $764,346 |
| 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 | $766,872 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Capital Region Classical Inc has recieved totaling $52,803.
| Awarding Organization | Amount |
|---|---|
Northlands Foundation Malden Bridge, NY PURPOSE: TO PROVIDE SUPPORT FOR PUBLIC CHARITABLE ORGANIZATION | $25,000 |
William Gundry Broughton Charitable Private Foundation Inc Glenville, NY PURPOSE: UNRESTRICTED | $10,000 |
The Schenectady Foundation Schenectady, NY PURPOSE: DOVER STRING QUARTET | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $5,200 |
Alfred And Jane Ross Foundation Inc New York, NY PURPOSE: UNRESTRICTED GENERAL SUPPORT | $2,000 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jazz At Lincoln Center Inc New York, NY | $222,896,771 | $27,240,751 |
Handel And Haydn Society Boston, MA | $29,038,335 | $22,868,295 |
Groton Hill Music Inc Groton, MA | $210,830,113 | $41,196,688 |
Newport Festivals Foundation Inc Essex, MA | $20,080,911 | $11,132,304 |
Whyhunger Inc New York, NY | $5,607,325 | $7,869,621 |
Caramoor Center For Music & The Arts Inc Katonah, NY | $49,439,168 | $6,140,543 |
Save The Music Foundation New York, NY | $5,156,662 | $8,206,045 |
Rockport Music Inc Rockport, MA | $31,791,427 | $3,720,672 |
American Friends Of Les Arts Florissants Inc New York, NY | $1,107,997 | $2,546,808 |
Chicken & Egg Pictures Inc Brooklyn, NY | $9,525,742 | $4,390,371 |
Young Concert Artists Inc New York, NY | $10,777,916 | $2,607,839 |
Play On Philly Philadelphia, PA | $3,128,034 | $1,933,765 |