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Nonprofiteer
← INDIANAPOLIS CHAMBER ORCHESTRA INC

Form 990 for tax year 2022

Filed by INDIANAPOLIS CHAMBER ORCHESTRA INC.

Totals

Total revenue
$643,401
Total expenses
$904,148
Contributions and grants received
$427,844
Grants paid
$0
Program service revenue
$187,485
Investment income
$32,023
Other revenue
-$3,951
Total assets, end of year
$3,352,421
Total liabilities, end of year
$30,064
Net assets or fund balances, end of year
$3,322,357
Program services expenses (Part IX)
$658,067
Management and general expenses
$172,873
Fundraising expenses
$73,208
Program service expenses (Part III)
$658,067

Program services were 72.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $28,846

  • 1e · Government grants (contributions)

    $26,095

  • 1f · All other contributions, gifts and grants

    $372,903

  • 2a · Program service revenue: CONTRACTED PERFORMANCE

    total $135,114 · related or exempt $135,114

  • 2b · Program service revenue: TICKET AND SUBSCRIPTIO

    total $52,371 · related or exempt $52,371

  • 3 · Investment income

    total $34,035 · excluded $34,035

  • 7a · Gross sales of assets other than inventory

    securities $117,295

  • 7b · Less cost or other basis and sales expenses

    securities $119,307

  • 7c · Gain or loss

    securities -$2,012

  • 7d · Net gain or loss

    total -$2,012 · excluded -$2,012

  • 8a · Fundraising events: gross income

    $37,800

  • 8a · Fundraising events: contributions included on line 1c

    $28,846

  • 8b · Fundraising events: direct expenses

    $43,108

  • 8c · Net income from fundraising events

    total -$5,308 · excluded -$5,308

  • 11a · Other revenue: CMF ENTRY FEES

    total $1,120 · related or exempt $1,120

  • 11b · Other revenue: MISCELLANEOUS

    total $237 · related or exempt $237

  • 11e · Other revenue, total

    $1,357

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $78,192 · program services $63,180 · management and general $6,477 · fundraising $8,535

  • 7 · Other salaries and wages

    total $487,262 · program services $386,271 · management and general $43,666 · fundraising $57,325

  • 8 · Pension plan contributions

    total $23,603 · program services $19,116 · management and general $4,487

  • 9 · Other employee benefits

    total $25,209 · management and general $25,209

  • 10 · Payroll taxes

    total $25,446 · program services $17,349 · management and general $5,441 · fundraising $2,656

  • 11c · Fees: accounting

    total $19,245 · management and general $19,245

  • 11f · Fees: investment management

    total $10,506 · management and general $10,506

  • 11g · Fees: other

    total $7,549 · management and general $7,549

  • 12 · Advertising and promotion

    total $50,113 · program services $50,113

  • 13 · Office expenses

    total $19,051 · management and general $19,051

  • 14 · Information technology

    total $481 · management and general $481

  • 17 · Travel

    total $27,111 · program services $27,111

  • 19 · Conferences, conventions and meetings

    total $693 · management and general $693

  • 22 · Depreciation, depletion and amortization

    total $3,508 · management and general $3,508

  • 23 · Insurance

    total $8,360 · management and general $8,360

  • 24a · Other expenses: VENUE RENTAL

    total $39,874 · program services $39,874

  • 24b · Other expenses: EDUCATION AND DIVERSITY

    total $23,693 · program services $23,693

  • 24c · Other expenses: BAD DEBT

    total $17,284 · management and general $17,284

  • 24d · Other expenses: PROGRAM AND CONCERT REC

    total $13,024 · program services $13,024

  • 24e · All other expenses

    total $23,944 · program services $18,336 · management and general $916 · fundraising $4,692

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $190,693 · end of year $59,951

  • 2 · Savings and temporary cash investments

    beginning of year $4,600 · end of year $1,093

  • 3 · Pledges and grants receivable

    beginning of year $82,396 · end of year $66,814

  • 4 · Accounts receivable

    beginning of year $664 · end of year $300

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,759 · end of year $27,979

  • 10a · Land, buildings and equipment: cost or other basis

    $19,257

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,750

  • 10c · Land, buildings and equipment, net

    beginning of year $15,015 · end of year $11,507

  • 11 · Investments: publicly traded securities

    beginning of year $1,050,908 · end of year $1,056,496

  • 15 · Other assets

    beginning of year $1,969,052 · end of year $2,128,281

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,342 · end of year $16,326

  • 19 · Deferred revenue

    beginning of year $4,935 · end of year $13,738

  • 27 · Net assets without donor restrictions

    beginning of year $456,954 · end of year $418,016

  • 28 · Net assets with donor restrictions

    beginning of year $2,829,856 · end of year $2,904,341

Mission and programs · 2022

Mission

THE INDIANAPOLIS CHAMBER ORCHESTRA ADVANCES AND PROMOTES MUSIC COMPOSED FOR THE SMALL ORCHESTRA THROUGH PROFESSIONAL PERFORMANCES AND EDUCATION PROGRAMS.

Activities or mission (Part I)

ADVANCE AND PROMOTE MUSIC COMPOSED FOR SMALL ORCHESTRAS THROUGH PERFORMANCES AND EDUCATION.

  • THE ICO ANNUALLY PRESENTS A SEVEN-CONCERT SERIES DRAWING ON A BODY OF MUSICAL LITERATURE SPANNING FOUR CENTURIES, ALL OF WHICH ARE SCORED FOR THE SMALL ORCHESTRA. THE ICO FEATURES INTERNATIONALLY-RECOGNIZED GUEST ARTISTS AS WELL AS SUPERIOR LOCAL TALENT, PRESENTS ASPIRING YOUNG SOLOISTS, AND SHOW CASES THE TALENTS OF CONTEMPORARY COMPOSERS. THE ICO HAS COMMISSIONED SEVERAL NEW WORKS AND PERFORMED A NUMBER OF PREMIERES DURING ITS 39-YEAR HISTORY. THE ICO RADIO BROADCAST FEATURES EXCERPTS FROM CONCERTS AND AIRS WEEKLY ON WFTY FM 30.

    Expenses $520,552 · Revenue $53,728

  • ICO ACCOMPANIES MANY LOCAL ARTS AND EDUCATIONAL ORGANIZATIONS, INCLUDING THE INDIANAPOLIS SYMPHONIC CHOIR AND AMERICAN PIANISTS ASSOCIATION FOR THE 17TH CONSECUTIVE YEAR. THE ICO SERVED AS ORCHESTRA-IN-RESIDENCE FOR THE INDIANA STATE UNIVERSITY CONTEMPORARY MUSIC FESTIVAL. THROUGH ITS AFFILIATION WITH THIS THREE-DAY IMMERSIVE EDUCATIONAL EVENT, THE ICO SPONSORS A NATIONWIDE COMPETITION FOR THE COMPOSITION OF NEW WORKS FOR CHAMBER ORCHESTRAS.

    Expenses $113,822 · Revenue $135,114

  • THE ICO OFFERS A FULL-RANGE OF EDUCATIONAL PROGRAMS FOR AGES PRE- KINDERGARTEN THROUGH ADULT. TWO MAJOR IN-SCHOOL EDUCATION INITIATIVES ARE THE FANTASTIC CLASSICS TARGETED TO ELEMENTARY STUDENTS, AND THE ICO RESIDENCIES DESIGNED FOR HIGH SCHOOL ORCHESTRA PROGRAMS. CONCERT CONNECTIONS BRINGS STUDENTS INTO THE CONCERT VENUE TO EXPERIENCE LIVE CONCERTS. CHAMBER CHAT PRE-CONCERT COMMENTARIES ARE OPEN TO ALL PATRONS. THE ICO ALSO CONTINUES ITS OUTREACH EFFORTS WITH TWO FAMILY-FRIENDLY PARKS CONCERTS.

    Expenses $23,693

As filed on the 2022 return.

Listed in Part VII

  • Bart Brown

    VP FINANCE-TREASURER

    Total calculated
    $0
    Hours/week
    3.5

  • Barb Chirgwin

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    3.5

  • Marcus Veatch

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3.5

  • Scott Krapf

    VP MARKETING

    Total calculated
    $0
    Hours/week
    3.5

  • Tania Deng

    SECRETARY

    Total calculated
    $0
    Hours/week
    3.5

  • Asieh Dicken

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Caitie Stewart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Charles Rubright

    EMERITUS

    Total calculated
    $0
    Hours/week
    1.5

  • Christian Celis-Schemidt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Davina Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Geoffrey Peate

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Jared Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Jim Anthony

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Jim Turner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Kaela Cusack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Katherine Fleming

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Leon A Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Paul Obszanski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Polly Spiegel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Ronnie Katz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Tina Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Dana Stone

    ED/EX OFFICIO

    Total calculated
    $75,196
    From this org
    $68,219
    From related orgs
    $0
    Other
    $6,977
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202431369349306948

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