Gina Bachauer International Piano Foundation
- Assets
- $484.5k
- Revenue
- $410.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Salt Lake City, UT
- Founding
- 05/1987
- Data as of
- 09/2023
- EIN
- 87-0438290
Organization Overview
Gina Bachauer International Piano Foundation is located in Salt Lake City, UT. The organization was established in 1987. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Gina Bachauer International Piano Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gina Bachauer International Piano Foundation 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 09/2023, Gina Bachauer International Piano Foundation generated $410.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $365.4k during the year ending 09/2023. While expenses have increased by 5.4% per year over the past 4 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
THE ORGANIZATION'S MISSION IS TO PROMOTE MUSIC AND TO ORGANIZE, PREPARE, AND CONDUCT THE GINA BACHAUER INTERNATIONAL PIANO COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FESTIVAL: THE 2023 INTERNATIONAL PIANO FESTIVAL FEATURED SPENCER MYER, GOLD MEDALIST, AND CHAEYOUNG PARK, BACHAUER SILVER MEDALIST. 8 STUDENTS (FROM ACROSS THE USA AND CANADA) ALSO PERFORMED THEIR OWN CONCERT, AFTER RECEIVING GUIDANCE FROM THE FESTIVAL ARTISTS. AUDIENCE MEMBERS ESPECIALLY PRAISED THE PERFORMANCES OF THE STUDENTS AND THEIR AMAZING LEVEL OF ARTISTRY AT SUCH A YOUNG AGE. ALL THANKED THE BACHAUER FOR PROVIDING A UNIQUE OPPORTUNITY OF PERFORMANCES AND EDUCATIONAL GUIDANCE. FESTIVAL HIGHLIGHTS VIDEOS WERE RECORDED IN 4K-QUALITY VIDEO AND HIGHEST-LEVEL AUDIO FOR LATER PRESENTATION ONLINE VIA YOUTUBE. APPROXIMATELY 750 IN-PERSON PATRONS AND 12,000 ONLINE VIEWS.
OTHER PROGRAMS DURING FY23, THE ORGANIZATION INCURRED COSTS RELATED TO PRELIMINARY PLANNING FOR UPCOMING INTERNATIONAL PIANO COMPETITIONS.
CONCERT SERIES: THE 2022/23 INTERNATIONAL CONCERT SERIES ALL FEATURED BACHAUER GOLD MEDALISTS. THE ARTISTS WERE KWOK-WAI LIO, ORIGINALLY FROM HONG KONG; ANDREY GUGNIN, ORIGINALLY FROM RUSSIA, NOW LIVING IN CROATIA; CHANGYONG SHIN, ORIGINALLY FROM KOREA; AND OLGA KERN, ORIGINALLY FROM RUSSIA. THE REPERTOIRE RANGED FROM SCHUBERT'S FINAL THREE SONATAS, TO LISZT'S FIENDISHLY DIFFICULT DON JUAN FANTASY, TO A CONCERT HONORING THE MUSIC AND ARTISTRY OF RACHMANINOFF. THE FOUR CONCERTS IN THE SERIES WERE RECORDED IN 4K-QUALITY VIDEO AND HIGHEST-LEVEL AUDIO FOR LATER PRESENTATION ONLINE VIA YOUTUBE. APPROXIMATELY 1650 IN-PERSON PATRONS AND 2700 ONLINE VIEWS.
PIANO INSPIRATO: PIANO INSPIRATO (FORMERLY MUSIC IN OUR SCHOOLS) PRESENTED VISITING ARTISTS, UNIVERSITY PROFESSORS, AND YOUNG PIANISTS PERFORMING ON A STEINWAY GRAND PIANO FOR STUDENTS IN WASATCH FRONT SCHOOLS. STUDENTS WERE TAUGHT HOW TO USE THEIR IMAGINATION AND DEVELOP LISTENING SKILLS AS THEY LEARNED MORE ABOUT FAMOUS COMPOSERS AND THE DILIGENCE AND DETERMINATION IT TAKES TO BE A CONCERT PIANIST. STUDENTS WERE AMAZED THAT MANY OF THESE PIANISTS PRACTICE SIX TO EIGHT HOURS A DAY AND CAN PLAY HOURS OF MUSIC ENTIRELY FROM MEMORY. PIANO INSPIRATO VISITED 25 SCHOOLS, WITH OVER 16,000 STUDENTS REACHED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kary Billings Executive Di | OfficerTrustee | 30 | $25,000 |
Douglas Humpherys Artistic Dir | Trustee | 10 | $25,000 |
Chase Kimball Chair | OfficerTrustee | 3 | $0 |
Carolyn Blosil Vice Chair | OfficerTrustee | 3 | $0 |
Arlo Mcginn Secretary | OfficerTrustee | 3 | $0 |
Shannon Drage Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,826 |
| Related organizations | $0 |
| Government grants | $96,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $268,668 |
| Noncash contributions included in lines 1a–1f | $7,826 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $368,994 |
| Total Program Service Revenue | $35,912 |
| Investment income | $8,638 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,945 |
| Net Income from Fundraising Events | -$797 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $410,802 |
| 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. | $50,002 |
| Compensation of current officers, directors, key employees. | $12,501 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,510 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,012 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,313 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $11,675 |
| Fees for services: Investment Management | $717 |
| Fees for services: Other | $94,870 |
| Advertising and promotion | $52,035 |
| Office expenses | $7,523 |
| Information technology | $6,492 |
| Royalties | $0 |
| Occupancy | $15,458 |
| Travel | $23,783 |
| 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 | $7,200 |
| Insurance | $3,292 |
| All other expenses | $3,629 |
| Total functional expenses | $365,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,042 |
| Savings and temporary cash investments | $35,958 |
| Pledges and grants receivable | $4,800 |
| Accounts receivable, net | $759 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,000 |
| Prepaid expenses and deferred charges | $5,000 |
| Net Land, buildings, and equipment | $10,178 |
| Investments—publicly traded securities | $242,644 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,080 |
| Total assets | $484,461 |
| Accounts payable and accrued expenses | $13,935 |
| Grants payable | $0 |
| Deferred revenue | $73,503 |
| 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 | $5,467 |
| Total liabilities | $92,905 |
| Net assets without donor restrictions | $386,756 |
| Net assets with donor restrictions | $4,800 |
| 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 | $484,461 |