Overview
What is Crested Butte Music Festival Inc?
Crested Butte Music Festival Inc, located in Crested Butte, Colorado, is a nonprofit organization with a primary focus on live music performances. They specialize in presenting a diverse range of genres such as orchestra, chamber music, jazz, and bluegrass. Their mission extends beyond entertainment, as they also provide and support music education programs for both adults and children. Despite their last concert happening in September 2022, they have since been working diligently to raise funds for a 2023 music season. Regrettably, these efforts were unsuccessful. Consequently, they sold their tangible and intangible assets, except for cash and endowment investments, to the Center for the Arts for a nominal amount. The endowment investments were then transferred to two foundations in accordance with the endowment agreements. After fulfilling all obligations, the remaining cash was donated to the Center for the Arts. The organization formally dissolved on June 30, 2023.
Official website here: www.crestedbuttemusicfestival.com
Is Crested Butte Music Festival Inc legitimate?
Crested Butte Music Festival Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Crested Butte Music Festival 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $71,354
For more financial information, click here
Official website here: www.crestedbuttemusicfestival.com
What is the mission statement of Crested Butte Music Festival Inc?
Crested Butte Music Festival Inc's mission is centered around providing a diverse range of live music performances, encompassing orchestra, chamber music, jazz, and bluegrass. Beyond entertainment, the organization also prioritizes supporting music education programs for both adults and children. These educational initiatives aim to nurture and cultivate a love for music within the community. Despite facing financial challenges, the organization's mission remained steadfast until its dissolution in 2023. Post-dissolution, its remaining assets were donated to the Center for the Arts, with its endowment investments transferred to two foundations, as per the endowment agreements.
Official website here: www.crestedbuttemusicfestival.com
Who is the CEO of Crested Butte Music Festival Inc?
Gary Keiser is the President of Crested Butte Music Festival Inc.
Official website here: www.crestedbuttemusicfestival.com
What is the revenue of Crested Butte Music Festival Inc?
Crested Butte Music Festival Inc's revenue in 2023 was $149,757.
Official website here: www.crestedbuttemusicfestival.com
Who are the executives of Crested Butte Music Festival Inc and what are their salaries?
The average compensation at Crested Butte Music Festival Inc during 2023 was $23,785. There are 3 employees and 9 volunteers at Crested Butte Music Festival Inc.
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Official website here: www.crestedbuttemusicfestival.com
Where can I find the form 990 for Crested Butte Music Festival Inc?
Crested Butte Music Festival Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.crestedbuttemusicfestival.com
Learn more at the official website: www.crestedbuttemusicfestival.com
Mission Statement of Crested Butte Music Festival Inc
Crested Butte Music Festival Inc, a nonprofit organization, is committed to presenting a diverse range of live music performances. Their repertoire spans across various genres, including orchestra, chamber music, jazz, and bluegrass. Beyond entertainment, this organization also prioritizes music education, offering programs for both adults and children. By providing these educational opportunities, Crested Butte Music Festival Inc aims to foster a love for music and nurture talent in the community. Despite facing financial challenges, the organization's mission to enrich lives through music remained a constant. However, due to insufficient funds, the nonprofit dissolved in 2023, transferring its endowment investments to two foundations and donating its remaining cash to the Center for the Arts. Despite its dissolution, the legacy of Crested Butte Music Festival Inc continues to inspire a passion for music in its former community.
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Impact
October, 2024
Crested Butte Music Festival Inc had a significant cultural impact in its community by offering a diverse array of live music performances, encompassing genres such as orchestra, chamber music, jazz, and bluegrass. The festival not only entertained but also enriched the local arts scene, fostering an appreciation for music among residents and visitors alike.
Beyond performances, the organization played a crucial role in music education, providing programs for both adults and children. This commitment to education helped cultivate new generations of musicians and music lovers, enhancing the cultural fabric of Crested Butte.
However, the organization's recent financial struggles culminated in the decision to dissolve in June 2023, following the sale of its assets and the transfer of its endowment investments. Despite the challenges faced, Crested Butte Music Festival Inc leaves behind a legacy of artistic contributions and educational initiatives that have positively influenced the community's engagement with the arts.
This information is meant to be a general summary of Crested Butte Music Festival 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: $46,309
- Gross Receipts: $155,700
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1997
Phone
(970) 349-7284Principal Officer
Gary Keiser
Main Address
PO BOX 2950, CRESTED BUTTE, CO, 81224
NTEE Category
Code: A99Z - Arts
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