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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Brunel President | OfficerTrustee | 3 | $0 |
Jim Heeter President-Elect | OfficerTrustee | 2 | $0 |
Larry Jones Treasurer | OfficerTrustee | 2 | $0 |
Anne Beer Secretary | OfficerTrustee | 2 | $0 |
Amy Burma Trustee | Trustee | 1 | $0 |
Norma Ekstrand Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Peter Oundjian Music Director | 12/30/23 | $153,000 |
Basemar Apartment Rents | 12/30/23 | $152,570 |
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 |
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. | $111,839 |
Compensation of current officers, directors, key employees. | $16,776 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,491,590 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $62,511 |
Payroll taxes | $122,428 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $32,467 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $28,358 |
Advertising and promotion | $85,907 |
Office expenses | $0 |
Information technology | $72,615 |
Royalties | $0 |
Occupancy | $188,151 |
Travel | $33,104 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $35,636 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $68,405 |
Insurance | $30,164 |
All other expenses | $113,118 |
Total functional expenses | $3,304,648 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $232,137 |
Savings and temporary cash investments | $15,427 |
Pledges and grants receivable | $46,438 |
Accounts receivable, net | $12,402 |
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 | $51,576 |
Net Land, buildings, and equipment | $1,120,329 |
Investments—publicly traded securities | $203,112 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $7,385 |
Total assets | $1,688,806 |
Accounts payable and accrued expenses | $205,521 |
Grants payable | $0 |
Deferred revenue | $65,031 |
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 | $144,877 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $409,338 |
Total liabilities | $824,767 |
Net assets without donor restrictions | $747,361 |
Net assets with donor restrictions | $116,678 |
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 | $1,688,806 |