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Nonprofiteer
← CARAMOOR CENTER FOR MUSIC & THE ARTS INC

Form 990 for tax year 2023

Filed by CARAMOOR CENTER FOR MUSIC & THE ARTS INC.

Totals

Total revenue
$6,167,706
Total expenses
$8,680,355
Contributions and grants received
$4,518,172
Grants paid
$0
Program service revenue
$1,222,785
Investment income
$687,284
Other revenue
-$260,535
Total assets, end of year
$46,837,871
Total liabilities, end of year
$1,307,709
Net assets or fund balances, end of year
$45,530,162
Program services expenses (Part IX)
$6,210,217
Management and general expenses
$1,320,935
Fundraising expenses
$1,149,203
Program service expenses (Part III)
$6,210,217

Program services were 71.5% 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

    $1,558,060

  • 1e · Government grants (contributions)

    $30,000

  • 1f · All other contributions, gifts and grants

    $2,930,112

  • 1g · Noncash contributions included above

    $472,486

  • 2a · Program service revenue: Ticket Sales

    total $1,222,785 · related or exempt $1,222,785

  • 3 · Investment income

    total $968,128 · unrelated business $139 · excluded $967,989

  • 6a · Gross rents

    real property $312,487

  • 6b · Less rental expenses

    real property $59,088

  • 6c · Rental income or loss

    real property $253,399

  • 6d · Net rental income or loss

    total $253,399 · excluded $253,399

  • 7a · Gross sales of assets other than inventory

    securities $16,057,684

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

    securities $16,338,528

  • 7c · Gain or loss

    securities -$280,844

  • 7d · Net gain or loss

    total -$280,844 · unrelated business -$212 · excluded -$280,632

  • 8a · Fundraising events: gross income

    $66,525

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

    $1,558,060

  • 8b · Fundraising events: direct expenses

    $582,851

  • 8c · Net income from fundraising events

    total -$516,326 · excluded -$516,326

  • 10a · Gross sales of inventory

    $13,489

  • 10b · Cost of goods sold

    $15,409

  • 10c · Net income from sales of inventory

    total -$1,920 · related or exempt -$1,920

  • 11a · Other revenue: Reimbursements

    total $4,312 · excluded $4,312

  • 11e · Other revenue, total

    $4,312

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $993,353 · program services $422,221 · management and general $279,983 · fundraising $291,149

  • 7 · Other salaries and wages

    total $1,867,258 · program services $1,306,658 · management and general $257,568 · fundraising $303,032

  • 8 · Pension plan contributions

    total $48,264 · program services $28,111 · management and general $15,790 · fundraising $4,363

  • 9 · Other employee benefits

    total $259,932 · program services $161,964 · management and general $87,055 · fundraising $10,913

  • 10 · Payroll taxes

    total $213,608 · program services $137,427 · management and general $35,322 · fundraising $40,859

  • 11b · Fees: legal

    total $4,988 · management and general $3,665 · fundraising $1,323

  • 11c · Fees: accounting

    total $48,500 · management and general $48,500

  • 11f · Fees: investment management

    total $143,281 · management and general $143,281

  • 11g · Fees: other

    total $26,033 · management and general $26,033

  • 12 · Advertising and promotion

    total $394,250 · program services $367,672 · fundraising $26,578

  • 13 · Office expenses

    total $184,202 · program services $70,714 · management and general $57,919 · fundraising $55,569

  • 14 · Information technology

    total $264,094 · program services $125,460 · management and general $39,514 · fundraising $99,120

  • 16 · Occupancy

    total $178,295 · program services $153,720 · management and general $8,152 · fundraising $16,423

  • 17 · Travel

    total $74,949 · program services $69,775 · management and general $4,912 · fundraising $262

  • 19 · Conferences, conventions and meetings

    total $5,159 · program services $2,277 · management and general $2,535 · fundraising $347

  • 22 · Depreciation, depletion and amortization

    total $958,449 · program services $670,914 · management and general $95,845 · fundraising $191,690

  • 23 · Insurance

    total $201,677 · program services $165,931 · management and general $26,549 · fundraising $9,197

  • 24a · Other expenses: Fees: Artist/tech, etc.

    total $1,510,028 · program services $1,403,046 · management and general $102,478 · fundraising $4,504

  • 24b · Other expenses: Equip Rntl Rpr & Maint

    total $648,844 · program services $598,040 · management and general $30,840 · fundraising $19,964

  • 24c · Other expenses: Donated Items

    total $235,340 · program services $181,663 · management and general $33,718 · fundraising $19,959

  • 24d · Other expenses: Food and Beverages

    total $138,158 · program services $90,449 · management and general $17,986 · fundraising $29,723

  • 24e · All other expenses

    total $281,693 · program services $254,175 · management and general $3,290 · fundraising $24,228

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $140,812 · end of year $113,438

  • 2 · Savings and temporary cash investments

    beginning of year $1,914,498 · end of year $1,014,464

  • 3 · Pledges and grants receivable

    beginning of year $291,879 · end of year $161,940

  • 8 · Inventories for sale or use

    beginning of year $102,768 · end of year $56,235

  • 9 · Prepaid expenses and deferred charges

    beginning of year $71,286 · end of year $83,360

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

    $23,773,872

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

    $11,560,644

  • 10c · Land, buildings and equipment, net

    beginning of year $12,219,252 · end of year $12,213,228

  • 11 · Investments: publicly traded securities

    beginning of year $22,302,334 · end of year $24,149,682

  • 12 · Investments: other securities

    beginning of year $7,804,835 · end of year $8,534,154

  • 15 · Other assets

    beginning of year $511,370 · end of year $511,370

  • 17 · Accounts payable and accrued expenses

    beginning of year $164,892 · end of year $200,667

  • 19 · Deferred revenue

    beginning of year $90,675 · end of year $117,042

  • 23 · Secured mortgages and notes payable

    beginning of year $350,000 · end of year $990,000

  • 27 · Net assets without donor restrictions

    beginning of year $16,940,361 · end of year $16,719,713

  • 28 · Net assets with donor restrictions

    beginning of year $27,813,106 · end of year $28,810,449

Mission and programs · 2023

Mission

Caramoor's mission is to enrich the lives of audiences through innovative and diverse musical performances of the highest quality, mentor young professional musicians, and engage children through interactive educational experiences that deepen their relationship to and understanding of music. These three fundamentals - music performance, musician mentoring, and music education - infuse everything we do.

Activities or mission (Part I)

See Schedule O

  • Musical Performances - See Schedule O

    Expenses $4,059,604 · Revenue $769,914

  • Rosen House, Gardens and Estate - See Schedule OThe Rosen House is a Mediterranean revival villa at the center of the Caramoor campus. In recognition of the unsurpassed quality and great quantity of European period rooms incorporated in the house, Caramoor was recognized as nationally significant on the National Register of Historic Places in 2011. Built in the 1930s, the Rosen House now serves as a concert venue, museum, and archive. Gardens and EstateThe 81-acre Caramoor campus is comprised of four primary buildings - today known as the Rosen House, the Administration Building, the Gifford Residence, and the Diane Moss Education Center - as well as ancillary buildings and landscape features, gardens, lawns, and woodland areas. A central focus of the campus is the Venetian Theater, a tented, 1,800-seat venue.Forty-five acres of the campus is deer-fenced and open to the visiting public, including the Sunken Garden, established in 1912; a Mediterranean Revival pavilion; an alley of cedar trees; and a number of gardens designed in the 1930s by landscape architect and Katonah resident Robert Ludlow Fowler, Jr.

    Expenses $1,360,451 · Revenue $388,855

  • Mentoring and Arts-In-Education - See Schedule OThe development of emerging artists is central to Caramoor's mission and woven into much of our programming. Through our mentoring programs, we identify, train, and promote the next generation of vocal and instrumental artists.Young artists from Caramoor's chamber mentorship program, Evnin Rising Stars, led by Guest Artistic Director Marcy Rosen, performed a pair of concerts in the fall following a week of workshops, reading sessions, and ensemble rehearsals alongside distinguished artist mentors violist Shmuel Ashkenasi and double bassist Edgar Meyer. The 2023 Rising Stars were violinists Maria Ioudenitch, Lun Li, and Amarins Wierdsma; violists Njord Fossnes and Cara Pogossian; cellists Gabriel Martins and Chase Park; and pianist Janice Carissa. Over the course of two programs, they performed works by Boccherini, Mozart, Schubert, and Dohnanyi, as well as Meyer's Quintet for String Quartet and Double Bass. During Spring 2023, Caramoor's 2022-23 Ernst Stiefel String Quartet-in-Residence, the Ivalas Quartet, performed works by Eleanor Alberga, Osvaldo Golijov, and Beethoven. The Abeo Quartet, Caramoor's 2023-24 Ernst Stiefel String Quartet-in-Residence, launched their residency in Fall 2023 with a program that included music of Mendelssohn, Kian Ravaei, and Beethoven. Caramoor's Schwab Vocal Rising Stars - led by Artistic Director Steven Blier, assisted by Benedicte Jourdois and developed in conjunction with the New York Festival of Song - presented "EROS AND CO.": the chaos and the delight of Cupid's arrow, refracted through songs by Saint-Saens, Granados, Sondheim, Serge Gainsbourg, and others. This followed a week-long residency that included daily coaching, rehearsals, and workshops. The 2023 Schwab Vocal Rising stars were Shelen Hughes, soprano; Maggie Renee, mezzo-soprano; Colin Aikins, tenor; Joseph Parrish, baritone; and Yihao Zhou, piano.Ernst Stiefel String Quartet-in-ResidenceIn 1999, with the support of The Ernst C. Stiefel Foundation, Caramoor established a residency program for young string ensembles. Each year a quartet is selected and given opportunities throughout the year to develop as an ensemble, to work with a young composer, to perform for Caramoor's audiences, and to engage local schoolchildren in arts outreach. Our Student Strings program connects Caramoor's Ernst Stiefel String Quartet-in-Residence with middle and high school students. This year the Ivalas Quartet (Spring 2023) and the Abeo Quartet (Fall 2023) visited 10 schools to teach a hands-on, clinic-style master class for string students and perform an assembly-style program for the general student population. Other community engagement efforts included quartet visits to an over-55 condominium community and performances at the Bedford Hills and Taconic correctional facilities.Arts-in-EducationSince 1974, Caramoor has provided students with arts enrichment opportunities that use our exceptional facilities, visiting artists, and dedicated staff while meeting New York State education standards. Caramoor's arts-in-education program features on-campus workshops that bring students to Caramoor and a music literacy unit that sends our musicians to local schools. This year marked the full launch of our new research-based curriculum, Caramoor Kids, which was introduced as a pilot program with select groups in 2021. Of the approximately 582 children who participated in our on-campus field trips during the 2022-23 academic year, roughly half were from Title 1 schools that serve children from low-income households. Caramoor offers its arts-in-education programs free of charge.

    Expenses $790,162 · Revenue $62,096

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • James A Attwood Jr

    Chairman

    Total calculated
    $0
    Hours/week
    8

  • Peter Kend

    Vice Chairman

    Total calculated
    $0
    Hours/week
    4

  • Paul S Bird

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Angela Haines

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Judy Evnin

    Chairman Emeritas

    Total calculated
    $0
    Hours/week
    3

  • Barry J Alperin

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • James L Amine

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • David Barber

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jon Bauer

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Gail A Binderman

    Trustee, thru Oct. 2023

    Total calculated
    $0
    Hours/week
    1

  • William Cordiano

    Trustee

    Total calculated
    $0
    Hours/week
    8

  • Ian Cook

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jane Phillips Donaldson

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Lawrence Elow

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Susan W Freund

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Francis Goldwyn

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Sandra S Joys

    Trustee, thru Oct. 2023

    Total calculated
    $0
    Hours/week
    1

  • Floy B Kaminski

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Deborah Stiles

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jim Lee

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Stephen Limpe

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Nancy Offit

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Richard H O'Leary

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Barbara Glauber

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mrs Andrew Saul

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Lisa Welch

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ian Winchester

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Nina Stanton

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Richard Zinman

    Trustee, thru Oct. 2023

    Total calculated
    $0
    Hours/week
    2

  • Edward Lewis III

    President & CEO

    Total calculated
    $348,051
    From this org
    $328,461
    From related orgs
    $0
    Other
    $19,590
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $328,461
    Bonus
    $0
    Other
    $0
    Deferred
    $6,660
    Nontaxable benefits
    $12,930
    Filer's total
    $348,051

  • Tracy Tajbl

    Chief Development Officer

    Total calculated
    $226,818
    From this org
    $211,476
    From related orgs
    $0
    Other
    $15,342
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $211,476
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,342
    Filer's total
    $226,818

  • Katherine Schuman

    Artistic Director

    Total calculated
    $225,514
    From this org
    $202,552
    From related orgs
    $0
    Other
    $22,962
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $202,552
    Bonus
    $0
    Other
    $0
    Deferred
    $8,360
    Nontaxable benefits
    $14,602
    Filer's total
    $225,514

  • Tammy Belanger

    VP, CFO

    Total calculated
    $192,971
    From this org
    $163,530
    From related orgs
    $0
    Other
    $29,441
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $163,530
    Bonus
    $0
    Other
    $0
    Deferred
    $6,880
    Nontaxable benefits
    $22,561
    Filer's total
    $192,971

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433189349309983

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