Overview
What is Bay Chamber Concerts Inc?
Bay Chamber Concerts Inc is a nonprofit organization based in Rockport, Maine, with a postal address at PO Box 599. Established over five decades ago, its mission is to enrich lives through top-notch programming, music education, and community outreach. The organization achieves this goal by: 1. Continuing its long-standing tradition of presenting chamber music concerts across Maine. 2. Showcasing a variety of artistic events at different venues to cater to a wide audience. 3. Offering inclusive music education programs to individuals of all ages and abilities, irrespective of financial constraints, through its Community Music School. 4. Expanding its outreach initiatives and collaborating with other organizations to reach a broader audience. 5. Maintaining a robust organizational structure, ensuring sound financial management, and building an endowment to fulfill its objectives. Bay Chamber Concerts Inc hosts summer and winter series chamber music concerts at the Rockport Opera House and various other community venues, championing excellence in the performing arts. With a workforce of 28 employees, the organization is dedicated to transforming lives through its high-quality programs, music education, and community outreach.
Official website here: www.baychamberconcerts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 85% - Three-Star out of Four Star Rating
Bay Chamber Concerts Inc has earned an 85% rating from Charity Navigator, reflecting a solid level of accountability and financial health. The organization boasts a fully independent board, demonstrating strong governance practices that contribute to its transparency and effectiveness. With no material diversion of assets reported, the charity is in good standing regarding the proper management of its resources.
The nonprofit shows commendable financial ratios, with a program expense ratio of 80.79%, indicating that a significant portion of its funds is directly supporting its artistic initiatives. Additionally, the fundraising efficiency ratio is excellent at $0.04, meaning the organization is successful in raising funds while keeping costs low. The working capital ratio of 8.78 years further suggests that the charity is well-positioned to sustain its operations for the foreseeable future.
While the organization has many strengths, it's important to maintain awareness of ongoing challenges within the sector, including the necessity for continued community engagement and support. Overall, Bay Chamber Concerts Inc is making a meaningful impact in the arts community while demonstrating responsible financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Bay Chamber Concerts Inc legitimate?
Bay Chamber Concerts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bay Chamber Concerts Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $126,613
Professional Fundraising Fees: $0
Other Salaries and Wages: $452,362
For more financial information, click here
Official website here: www.baychamberconcerts.org
What is the mission statement of Bay Chamber Concerts Inc?
Bay Chamber Concerts Inc, a nonprofit organization, aims to enrich lives through top-notch programs, music education, and community outreach. This mission is executed in several ways. The organization maintains a 50-year tradition of presenting chamber music in various venues across the state. It also broadens audiences' horizons by delivering a range of events, showcasing excellence in the performing arts. The institution offers music education for all ages and abilities, regardless of financial circumstances, through its community music school. Bay Chamber Concerts Inc expands its outreach programs and collaborates with other organizations for broader impact. It ensures a sound organizational structure, responsible financial management, and an endowment sufficient to achieve its objectives.
Official website here: www.baychamberconcerts.org
Who is the CEO of Bay Chamber Concerts Inc?
Monica Kelly is the Executive Di of Bay Chamber Concerts Inc.
Official website here: www.baychamberconcerts.org
What is the revenue of Bay Chamber Concerts Inc?
Bay Chamber Concerts Inc's revenue in 2023 was $3,780,457.
Official website here: www.baychamberconcerts.org
Who are the executives of Bay Chamber Concerts Inc and what are their salaries?
The average compensation at Bay Chamber Concerts Inc during 2023 was $20,678. There are 28 employees and 27 volunteers at Bay Chamber Concerts Inc.
Here are 18 key members and their salaries:
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Official website here: www.baychamberconcerts.org
Where can I find the form 990 for Bay Chamber Concerts Inc?
Bay Chamber Concerts Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.baychamberconcerts.org
Learn more at the official website: www.baychamberconcerts.org
Mission Statement of Bay Chamber Concerts Inc
Bay Chamber Concerts, Inc., a nonprofit organization, aims to transform lives through its high-quality programs, music education, and community outreach. This mission is accomplished in several ways. Firstly, the organization preserves its 50-year tradition of presenting chamber music in Maine, providing audiences with access to excellence in the performing arts. Secondly, Bay Chamber Concerts expands its reach by delivering a diverse range of events at various venues. Thirdly, the nonprofit offers music education programs for all ages and abilities, regardless of financial need, through its Community Music School. Fourthly, the organization extends its outreach programs and collaborates with other organizations to broaden its impact. Lastly, Bay Chamber Concerts ensures a sound organizational structure, prudent financial management, and a sufficient endowment to accomplish its goals.
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Impact
July, 2024
Bay Chamber Concerts Inc's impact is profound and far-reaching. Through its high-quality programs, music education initiatives, and community outreach efforts, Bay Chamber Concerts Inc has successfully transformed lives. By presenting chamber music concerts in the state of Maine for over 50 years, the organization has introduced audiences to excellence in the performing arts. Furthermore, Bay Chamber Concerts Inc offers music education programs for individuals of all ages and abilities, regardless of financial need, through its community music school. By expanding outreach programs and collaborating with other organizations, Bay Chamber Concerts Inc continues to make a lasting impact on the community.
This information is meant to be a general summary of Bay Chamber Concerts Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $87,864
- Program Service Revenue: $376,671
- Gross Receipts: $4,447,253
Assets and Liabilities:
- Total Assets: $9,987,629
- Total Liabilities: $1,122,845
- Net Assets: $8,864,784
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATIONAL PROGRAMS
Revenue
$256,709
TICKET SALES
Revenue
$119,962
Organization Details
Founding Year
1961
Phone
(207) 236-2823Principal Officer
Monica Kelly
Main Address
PO BOX 599, ROCKPORT, ME, 04856
Website
www.baychamberconcerts.orgNTEE Category
Code: A6C0 - Arts
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