Overview
What is Chamber Music America Inc?
Chamber Music America Inc, based in New York City, serves as a vital hub for the chamber music community. As a nonprofit organization, their primary goal is to foster, bolster, and strengthen this field. They achieve this by granting funds to ensembles and concert presenters, awarding grants in various categories such as classical commissioning, new jazz works, and artistic projects. In the 2021 grant cycle, they awarded 82 grants to ensembles and presenters with budgets under $250,000. The organization's mission encompasses individual artists, independent musical ensembles, volunteer and institutional presenters, and others involved in the performance and presentation of small ensemble music. They offer programs, resources, and support to help these entities grow and thrive. The organization has a team of 12 dedicated individuals.
Official website here: www.chamber-music.org
What are the reviews and ratings of this charity?
81% rating from Charity Navigator. This Three-Star out of Four Star rating reflects a solid performance in accountability and finance for Chamber Music America Inc. The organization demonstrates a strong commitment to transparency and governance, with 96% of its board members being independent. It has policies in place for conflict of interest, whistleblowing, and document retention, all of which contribute to its high accountability score.
The nonprofit allocates a significant portion of its budget to its programs, with a program expense ratio of 86.62%. This indicates that the majority of its funds are directed toward fulfilling its mission, which is essential for impactful nonprofit operations. Additionally, the organization has a low liabilities to assets ratio of 14.70%, showcasing its financial health and stability.
While the rating reflects many strengths, the Three-Star designation suggests there may be areas for improvement. While the organization has a strong governance framework, ongoing evaluations of its programs and outreach could further enhance its effectiveness in serving the community and achieving its objectives. Overall, Chamber Music America Inc. maintains a commendable standing in the nonprofit sector with a focus on accountability and program efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Chamber Music America Inc legitimate?
Chamber Music America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chamber Music America 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: $255,558
Professional Fundraising Fees: $0
Other Salaries and Wages: $603,762
For more financial information, click here
Official website here: www.chamber-music.org
What is the mission statement of Chamber Music America Inc?
Chamber Music America Inc's mission is centered around fostering growth and strengthening the chamber music community. They serve as a hub for various entities involved in the performance and presentation of small ensemble music, including individual artists, independent ensembles, volunteer presenters, and others. Their mission encompasses developing, supporting, and bolstering this field, aiming to provide opportunities and resources for its expansion.
In pursuit of this mission, Chamber Music America Inc offers various grant programs. These programs provide funding to ensembles and concert presenters, with a focus on commissioning new works, promoting jazz, and supporting young classical ensembles. The grants aim to foster creativity, expand opportunities, and help emerging artists build their careers.
The organization's activities extend to various areas, including classical commissioning, new jazz works, presenter consortiums for jazz, artistic projects, performance plus, and ensemble forward. These programs aim to support the creation, performance, and recording of new works, as well as provide opportunities for female-led jazz ensembles and young classical ensembles.
Official website here: www.chamber-music.org
Who is the CEO of Chamber Music America Inc?
Kevin Kwan Loucks is the Chair of Chamber Music America Inc. The CEO's salary of Chamber Music America Inc is $56,464 and their total compensation is $65,145.
Official website here: www.chamber-music.org
What is the revenue of Chamber Music America Inc?
Chamber Music America Inc's revenue in 2022 was $5,588,017.
Official website here: www.chamber-music.org
Who are the executives of Chamber Music America Inc and what are their salaries?
The average compensation at Chamber Music America Inc during 2022 was $71,610. There are 12 employees and 30 volunteers at Chamber Music America Inc.
Here are 35 key members and their salaries (Chamber Music America Inc's CEO's salary is $56,464 and their total compensation is $65,145):
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- Compensation: $76,154
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Official website here: www.chamber-music.org
Where can I find the form 990 for Chamber Music America Inc?
Chamber Music America Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chamber-music.org
Learn more at the official website: www.chamber-music.org
Mission Statement of Chamber Music America Inc
Chamber Music America Inc serves as a pivotal entity in the chamber music field, playing a crucial role in its development, support, and strengthening. This nonprofit organization acts as a hub, bringing together various individuals and organizations involved in the performance and presentation of small ensemble music. The community it serves encompasses individual artists, independent musical ensembles, volunteer and institutional presenters, and others who share a passion for chamber music.
Chamber Music America Inc's mission is multifaceted and far-reaching. It aims to foster an environment that nurtures and encourages the growth of the chamber music scene. The organization accomplishes this by providing grants to ensembles and concert presenters through various programs. These programs cater to different needs within the chamber music community, such as commissioning new works in the classical tradition, supporting jazz ensembles, and providing opportunities for small ensembles and presenters based in New York City. By offering these grants, Chamber Music America Inc empowers these entities to create and perform innovative chamber music, ultimately enriching the musical landscape.
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Impact
August, 2024
Chamber Music America Inc plays a pivotal role in developing, supporting, and strengthening the chamber music field. Through its six grant programs, CMA has made a significant impact by providing funding to ensembles and concert presenters. This support has facilitated the creation of new chamber works in the classical tradition, the performance and recording of new works for small ensembles in the jazz genre, as well as multiple performances by jazz ensembles through presenter consortiums.
CMA's grants have also enabled small ensembles and presenters in New York City to access opportunities for artistic projects and career development. Furthermore, the organization's initiatives have supported female-led jazz ensembles in producing demo recordings and expanding their career prospects, as well as young classical ensembles in honing their distinctive ensemble sound with established chamber music coaches.
By serving as the hub of the chamber music community, CMA has not only provided financial support but has also fostered a network of artists, ensembles, presenters, and other stakeholders in the field. Through its mission to develop and strengthen the chamber music community, Chamber Music America Inc has made a lasting impact on the cultural landscape, nurturing creativity and innovation in small ensemble music.
This information is meant to be a general summary of Chamber Music America 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 2022.
- Investment Income: $699,806
- Program Service Revenue: $347,995
- Gross Receipts: $9,230,794
Assets and Liabilities:
- Total Assets: $16,252,667
- Total Liabilities: $2,185,957
- Net Assets: $14,066,710
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$199,771
MAGAZINE ADVERTISING
Revenue
$112,664
REGISTRATION FEES
Revenue
$35,560
Organization Details
Founding Year
1977
Phone
(212) 242-2022Principal Officer
Kevin Kwan Loucks
Main Address
12 WEST 32ND STREET 7TH FLOOR, NEW YORK, NY, 10001
Website
www.chamber-music.orgNTEE Category
Code: A036 - Arts
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