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Nonprofiteer
← GRAND TETON MUSIC FESTIVAL INC

Form 990 for tax year 2022

Filed by GRAND TETON MUSIC FESTIVAL INC.

Totals

Total revenue
$4,574,550
Total expenses
$5,743,004
Contributions and grants received
$3,282,333
Grants paid
$0
Program service revenue
$889,086
Investment income
$160,513
Other revenue
$242,618
Total assets, end of year
$19,666,375
Total liabilities, end of year
$1,508,705
Net assets or fund balances, end of year
$18,157,670
Program services expenses (Part IX)
$4,227,312
Management and general expenses
$966,530
Fundraising expenses
$549,162
Program service expenses (Part III)
$4,227,312

Program services were 73.6% 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

    $80,500

  • 1e · Government grants (contributions)

    $351,377

  • 1f · All other contributions, gifts and grants

    $2,850,456

  • 1g · Noncash contributions included above

    $197,365

  • 2a · Program service revenue: CONCERT TICKET SALES

    total $622,936 · related or exempt $622,936

  • 2b · Program service revenue: OTHER FESTIVAL REVENUE

    total $266,150 · related or exempt $266,150

  • 3 · Investment income

    total $369,311 · excluded $369,311

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $242,618

  • 6c · Rental income or loss

    real property $242,618 · personal property $0

  • 6d · Net rental income or loss

    total $242,618 · related or exempt $242,618

  • 7a · Gross sales of assets other than inventory

    securities $2,289,307

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

    securities $2,498,105

  • 7c · Gain or loss

    securities -$208,798

  • 7d · Net gain or loss

    total -$208,798 · excluded -$208,798

  • 8a · Fundraising events: gross income

    $12,600

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

    $80,500

  • 8b · Fundraising events: direct expenses

    $12,600

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $506,080 · program services $379,560 · management and general $75,912 · fundraising $50,608

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $568,975 · program services $167,665 · management and general $240,786 · fundraising $160,524

  • 8 · Pension plan contributions

    total $23,401 · program services $6,576 · management and general $10,095 · fundraising $6,730

  • 9 · Other employee benefits

    total $46,189 · program services $18,522 · management and general $16,600 · fundraising $11,067

  • 10 · Payroll taxes

    total $74,718 · program services $37,359 · management and general $22,415 · fundraising $14,944

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $3,008 · management and general $3,008

  • 11c · Fees: accounting

    total $50,560 · management and general $50,560

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $12,000 · fundraising $12,000

  • 11f · Fees: investment management

    total $40,472 · management and general $40,472

  • 11g · Fees: other

    total $1,085,005 · program services $1,011,665 · management and general $47,256 · fundraising $26,084

  • 12 · Advertising and promotion

    total $365,414 · program services $274,060 · management and general $73,083 · fundraising $18,271

  • 13 · Office expenses

    total $231,676 · program services $57,919 · management and general $150,589 · fundraising $23,168

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $141,082 · program services $137,082 · management and general $4,000

  • 17 · Travel

    total $313,916 · program services $298,220 · fundraising $15,696

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $375,966 · program services $241,527 · management and general $134,439

  • 23 · Insurance

    total $89,329 · program services $10,884 · management and general $78,445

  • 24a · Other expenses: MUSIC PROGRAM EXPENSES

    total $1,332,860 · program services $1,332,860

  • 24b · Other expenses: FUNDRAISING

    total $210,070 · fundraising $210,070

  • 24c · Other expenses: FEST. HALL & MUSICIANS CONDOS

    total $112,430 · program services $103,438 · management and general $8,992

  • 24d · Other expenses: EDUCATION AND OUTREACH

    total $98,776 · program services $88,898 · management and general $9,878

  • 24e · All other expenses

    total $61,077 · program services $61,077

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,467,520 · end of year $1,047,509

  • 2 · Savings and temporary cash investments

    beginning of year $757,089 · end of year $11,123

  • 3 · Pledges and grants receivable

    beginning of year $674,351 · end of year $220,505

  • 4 · Accounts receivable

    beginning of year $24,764 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $25,076

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

    $14,244,556

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

    $7,047,584

  • 10c · Land, buildings and equipment, net

    beginning of year $7,366,593 · end of year $7,196,972

  • 11 · Investments: publicly traded securities

    beginning of year $11,066,888 · end of year $10,138,826

  • 12 · Investments: other securities

    beginning of year $609,133 · end of year $464,357

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $562,007

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,272 · end of year $47,580

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $850,532 · end of year $820,545

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $74,233 · end of year $640,580

  • 27 · Net assets without donor restrictions

    beginning of year $16,954,453 · end of year $16,704,234

  • 28 · Net assets with donor restrictions

    beginning of year $4,037,848 · end of year $1,453,436

Mission and programs · 2022

Mission

OUR MISSION IS TO ENGAGE, ENTERTAIN, EDUCATE, AND INSPIRE OUR RESIDENT AND SEASONAL COMMUNITIES THROUGH EXHILARATING MUSICAL EXPERIENCES. WE FEATURE ORCHESTRAL, CHAMBER, AND SOLO PERFORMANCES OF PRIMARILY CLASSICAL MUSIC BY WORLD-CLASS ARTISTS, AND WE FOSTER A CULTURE THAT DRAWS OUTSTANDING MUSICIANS TO JACKSON HOLE IN SUPPORT OF THIS MISSION.

Activities or mission (Part I)

engage, entertain, educate & inspire our resident & seasonal communities thru exhilarating musical experiences of orchestral, chamber & solo performances by world-class artists.

  • GTMF shared exhilarating musical experiences with 20,000audience members through presentations of Symphonic, Chamber and Non-Classical music performances in Walk Festival Hall. In addition, GTMF produced40+free musical experiences for audiences of all ages at20+locations in the local community.

    Expenses $3,931,084 · Revenue $889,086

  • Housing for musicians during summer season.

    Expenses $296,228 · Revenue $242,618

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Emma Kail

    EXECUTIVE DIRECTOR

    Total calculated
    $280,080
    From this org
    $241,289
    From related orgs
    $0
    Other
    $38,791
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $190,962
    Bonus
    $18,500
    Other
    $31,827
    Deferred
    $20,500
    Nontaxable benefits
    $18,291
    Filer's total
    $280,080

  • Donald Runnicles

    MUSIC DIRECTOR

    Total calculated
    $226,000
    From this org
    $226,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

    Schedule J breakdown matched by us

    Base
    $226,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $226,000

  • Tim Dodge

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $169,588
    From this org
    $145,000
    From related orgs
    $0
    Other
    $24,588
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $140,000
    Bonus
    $5,000
    Other
    $0
    Deferred
    $7,008
    Nontaxable benefits
    $17,580
    Filer's total
    $169,588

  • Jeff Counts

    GENERAL MANAGER

    Total calculated
    $149,624
    From this org
    $142,616
    From related orgs
    $0
    Other
    $7,008
    Hours/week
    50

  • Steffan Larson

    DIRECTOR OF FINANCE AND ADMIN.

    Total calculated
    $136,898
    From this org
    $118,103
    From related orgs
    $0
    Other
    $18,795
    Hours/week
    40

  • John Costello

    CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Barbara McCelvey

    CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • David Donovan

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Philip Sherringham

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Matt Lusins

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Lynn Fleisher

    Auxiliary President

    Total calculated
    $0
    Hours/week
    1

  • Madeline Adkins

    DIRECTOR (EFF. 8/22)

    Total calculated
    $0
    Hours/week
    1

  • Katherine Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chiara Kingsley Dieguez

    DIRECTOR (eff. 8/22)

    Total calculated
    $0
    Hours/week
    1

  • Natalie Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Peter Fenton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gary Harvey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donald Larson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniel Laufer

    DIRECTOR (THRU 8/22)

    Total calculated
    $0
    Hours/week
    1

  • Laurentius Marais

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Suzanne Jin Mesinoglu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jack Selby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Spetzler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matt Stoner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Sutton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andy Watson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Weber

    DIRECTOR (eff. 8/22)

    Total calculated
    $0
    Hours/week
    1

  • Beryl Weiner

    DIRECTOR (eff. 8/22)

    Total calculated
    $0
    Hours/week
    1

  • Mark Yockey

    director

    Total calculated
    $0
    Hours/week
    1

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

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A:
THE ORGANIZATION PROVIDES A HOUSING BENEFIT TO EMMA KAIL, EXECUTIVE DIRECTOR. $31,827 IS THE VALUE OF THE HOUSING PROVIDED TO THE EXECUTIVE DIRECTOR FOR PERSONAL USE AND IS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III).
PART I, LINE 7:
SCHEDULE J, PART II, COLUMN (B)(II) REPORTS DISCRETIONARY INCENTIVE AMOUNTS THAT WERE APPROVED BY THE EXECUTIVE COMMITTEE (comprised of independent board members) BASED UPON PERFORMANCE.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • GTMF HOUSING LLC

    HOUSING · WY · income $174,360 · assets $2,914,328

    Directly controlled by GTMF INC

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202313149349304921

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