Colorado Music Festival

Organization Overview

Colorado Music Festival is located in Lafayette, CO. The organization was established in 1976. 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 12/2023, Colorado Music Festival employed 189 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Music Festival 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 12/2023, Colorado Music Festival generated $3.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $3.3m during the year ending 12/2023. While expenses have increased by 5.9% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO INSPIRE AND CONNECT COMMUNITY MEMBERS OF ALL AGES BY PROVIDING ACCESS TO THE BEST OF THE WORLD'S MUSIC THROUGH EDUCATION AND PERFORMANCE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COLORADO MUSIC FESTIVAL HELD AN IN-PERSON FESTIVAL AT CHAUTAUQUA AUDITORIUM. ARTISTICALLY, THE FESTIVAL WAS A SPECTACULAR SUCCESS, RECEIVING YET ANOTHER MAJOR REVIEW IN THE WALL STREET JOURNAL AND A FEATURE STORY IN THE STRAD. TICKET SALES FOR THE FESTIVAL REACHED AN ALL-TIME REVENUE RECORD. ARTIST IN RESIDENCE JOSHUA BELL (VIOLIN) WAS A MAJOR FACTOR, AS HIS FOUR CONCERTS WERE SELL-OUTS. TWO OF HIS CONCERTS FEATURED A NEW WORK ENTITLED THE ELEMENTS FOR WHICH JOSHUA ENLISTED SEVERAL OF TODAY'S MOST SOUGHT-AFTER COMPOSERS TO EACH WRITE A MOVEMENT DEPICTING AN ELEMENT. COMPOSERS WERE INVITED TO "WORKSHOP" THE PIECE WITH THE TALENTED FESTIVAL ORCHESTRA IN ADVANCE OF THE WORLD PREMIERE PERFORMANCE IN THE FALL, SO BOULDER AUDIENCES WERE TREATED TO A PREVIEW PERFORMANCE OF THE WORK. OTHER POPULAR FESTIVAL PERFORMANCES INCLUDED A RACHMANINOFF SERIES, FEATURING RENOWNED RUSSIAN PIANIST NICOLAI LUGANSKY IN CELEBRATION OF THE COMPOSER'S 150TH "BIRTHDAY" IN 2023. THE FESTIVAL ALSO FEATURED AN EVENING OF MUSIC COMPOSED BY THE LEGENDARY JOHN CORIGLIANO, WHO WAS IN ATTENDANCE, AND A CONCERT IN WHICH THREE WORLD PREMIERES WERE PERFORMED IN ONE EVENING, INCLUDING JFK: THE LAST SPEECH IN COLLABORATION WITH THE AMHERST CLASS OF '64 AND COMPOSED BY DR. ADOLPHUS HAILSTORK, AND TWO WORKS BY COMPOSERS WITH LOCAL CONNECTIONS IN CELEBRATION OF OUR VENUE'S (COLORADO CHAUTAUQUA'S) 125TH ANNIVERSARY.


THE CENTER FOR MUSICAL ARTS CONTINUED TO SEE GROWTH IN PRIVATE LESSON ENROLLMENT. THE CMA CONCERT SERIES LAUNCHED ANOTHER SUCCESSFUL SEASON AS WELL, FEATURING AN ECLECTIC MIX OF AWARD-WINNING PIANISTS, A MARIACHI BAND, AND A TANGO TRIO. ALSO NOTABLE WAS THE GROWTH OF ENSEMBLE PARTICIPATION AFTER A LULL CREATED BY THE COVID-19 PANDEMIC. ENROLLMENT IN ENSEMBLES IS AT OR ABOVE OUR 2019 NUMBERS AND PARTICIPANTS ARE ENJOYING MORE COMMUNITY PERFORMANCES, INCLUDING OPPORTUNITIES TO PERFORM ON THE TINY STAGE FOR AN ESTIMATED 10,000 COMMUNITY MEMBERS AT MAJOR, LOCAL FESTIVALS IN BOULDER, LAFAYETTE AND NEARBY COMMUNITIES, AS WELL AS INVITATIONS TO PARTICIPATE IN CIVIC EVENTS AND AT FEATURED PERFORMANCES AT ESTEEMED LOCAL ESTABLISHMENTS SUCH AS NISSI'S PERFORMANCE VENUE. ADVANCE 2024 SALES AND SPONSORSHIPS ARE VERY PROMISING, AND CMA EARLY ENROLLMENT IS STRONG. THE ORGANIZATION IS FOCUSING ON FUNDRAISING INITIATIVES AS WE CONTINUE TO REBOUND POST-PANDEMIC. NOTABLY, THE ORGANIZATION IS WORKING TO REBUILD RESERVE FUNDS AS WELL AS A MAJOR FOCUS ON PLANNED GIVING INTENDED TO REPLENISH AND EXPAND THE CORPUS OF THE ENDOWMENT FUND.


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Board, Officers & Key Employees

Name (title)Compensation
David Brunel
President
$0
Jim Heeter
President-Elect
$0
Larry Jones
Treasurer
$0
Anne Beer
Secretary
$0
Amy Burma
Trustee
$0
Norma Ekstrand
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Peter Oundjian
Music Director
$153,000
Basemar Apartment
Rents
$152,570
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$442,558
Related organizations$0
Government grants $332,878
All other contributions, gifts, grants, and similar amounts not included above$1,362,875
Noncash contributions included in lines 1a–1f $14,913
Total Revenue from Contributions, Gifts, Grants & Similar$2,138,311
Total Program Service Revenue$1,254,043
Investment income $6,824
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,566
Net Income from Fundraising Events -$55,056
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $7,257
Miscellaneous Revenue$0
Total Revenue $3,356,945

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