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Nonprofiteer
← EASTERN MUSIC FESTIVAL INC

Form 990 for tax year 2024

Filed by EASTERN MUSIC FESTIVAL INC.

Totals

Total revenue
$483,220
Total expenses
$877,100
Contributions and grants received
$450,606
Grants paid
$0
Program service revenue
$8,239
Investment income
$20,375
Other revenue
$4,000
Total assets, end of year
$1,174,500
Total liabilities, end of year
$71,865
Net assets or fund balances, end of year
$1,102,635
Program services expenses (Part IX)
$594,251
Management and general expenses
$203,890
Fundraising expenses
$78,959
Program service expenses (Part III)
$594,251

Program services were 67.8% 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.

  • 1e · Government grants (contributions)

    $2,538

  • 1f · All other contributions, gifts and grants

    $448,068

  • 2a · Program service revenue: APPLICATION FEES

    total $8,239 · related or exempt $8,239

  • 3 · Investment income

    total $20,375 · excluded $20,375

  • 11a · Other revenue: ADVERTISING

    total $4,000 · related or exempt $4,000

  • 11e · Other revenue, total

    $4,000

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $112,719 · program services $95,811 · management and general $9,018 · fundraising $7,890

  • 7 · Other salaries and wages

    total $325,810 · program services $196,133 · management and general $74,674 · fundraising $55,003

  • 9 · Other employee benefits

    total $57,712 · program services $42,059 · management and general $10,178 · fundraising $5,475

  • 10 · Payroll taxes

    total $82,498 · program services $62,698 · management and general $13,200 · fundraising $6,600

  • 11b · Fees: legal

    total $78,476 · management and general $78,476

  • 11c · Fees: accounting

    total $10,635 · management and general $10,635

  • 12 · Advertising and promotion

    total $41,027 · program services $41,027

  • 13 · Office expenses

    total $20,652 · program services $15,696 · management and general $3,304 · fundraising $1,652

  • 17 · Travel

    total $87,292 · program services $87,292

  • 22 · Depreciation, depletion and amortization

    total $3,068 · program services $2,332 · management and general $491 · fundraising $245

  • 23 · Insurance

    total $1,500 · program services $1,140 · management and general $240 · fundraising $120

  • 24a · Other expenses: FESTIVAL

    total $14,306 · program services $14,306

  • 24b · Other expenses: RECRUITING

    total $12,339 · program services $12,339

  • 24c · Other expenses: TELEPHONE

    total $6,313 · program services $4,798 · management and general $1,010 · fundraising $505

  • 24d · Other expenses: MUSIC EQUIPMENT

    total $5,967 · program services $5,967

  • 24e · All other expenses

    total $16,786 · program services $12,653 · management and general $2,664 · fundraising $1,469

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $251,655 · end of year $174,699

  • 3 · Pledges and grants receivable

    beginning of year $1,000

  • 4 · Accounts receivable

    beginning of year $9,112 · end of year $11,045

  • 8 · Inventories for sale or use

    beginning of year $6,859 · end of year $9,999

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,780 · end of year $9,235

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

    $168,407

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

    $159,666

  • 10c · Land, buildings and equipment, net

    beginning of year $11,808 · end of year $8,741

  • 11 · Investments: publicly traded securities

    beginning of year $1,454,516 · end of year $960,781

  • 17 · Accounts payable and accrued expenses

    beginning of year $316,722 · end of year $71,865

  • 27 · Net assets without donor restrictions

    beginning of year $255,170 · end of year -$71,203

  • 28 · Net assets with donor restrictions

    beginning of year $1,173,838 · end of year $1,173,838

Mission and programs · 2024

Mission

THE EASTERN MUSIC FESTIVAL'S MISSION IS TO PROMOTE MUSICAL ENRICHMENT THROUGH A NATIONALLY-RECOGNIZED TEACHING PROGRAM, MUSIC FESTIVAL, CONCERTS AND OTHER PROGRAMS WHICH WILL ENHANCE THE QUALITY OF LIFE, HEALTH AND VITALITY OF OUR REGION.

  • OPERATED SUCCESSFULLY A FIVE-WEEK SUMMER CLASSICAL MUSIC SCHOOL FOCUSED ON MUSICAL REFLECTION AND GROWTH FOR YOUNG MUSICIANS FROM THE US AND OTHER COUNTRIES. SCHOOL IS CONDUCTED ANNUALLY AND BEGINS APPROXIMATELY THE LAST WEEK OF JUNE THROUGH THE END OF JULY.

    Expenses $290,289 · Revenue $12,239

  • SUCCESSFULLY OPERATED A WORLD-RENOWNED SUMMER CLASSICAL MUSIC FESTIVAL DURING A FIVE-WEEK PERIOD IN THE SUMMER FOR THE TRIAD AND STATE OF NORTH CAROLINA COMMUNITY. THE SCHOOL CONDUCTS COMMUNITY OUTREACH CONCERTS, MASTERCLASSES, RECITALS, THE EASTERN CHAMBER PLAYERS PERFORMANCE SERIES, THE YOUNG ARTIST ORCHESTRAS SERIES, THE EASTERN FESTIVAL ORCHESTRA SERIES, AND SIGNATURE PERFORMANCES WHICH HIGHLIGHT GUEST ARTISTS AND SPECIFIC EDUCATIONAL PROGRAMS.

    Expenses $303,962

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Corbett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anne Starr-Denny

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Lou Anne Flanders-Stec

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ronnie Grabon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jay Gwatkin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Noah Hock

    BOARD CO-CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth Holleman

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Jacqueline Humphrey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Catriona Kyle-Rice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bernfried Messner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Katie Muhlenkamp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dr Michael Norins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dwyla Pearson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dr Kami Rowan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dabney Sanders

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Christopher Scott

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Vaishali Shah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • D Alan Stephens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Melanie Tuttle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lisa Underwood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sarah Warmath

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cindy Wells

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Christopher Williams

    EXECUTIVE DIRECTOR

    Total calculated
    $113,244
    From this org
    $100,276
    From related orgs
    $0
    Other
    $12,968
    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
2024
Filed
14 August 2026
IRS schema version
2024v5.5
Source object
202612299349301346

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