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Cmf Endowment Fund FY2023 filing

Boulder, COUnknown exempt organizationEIN 84-1095703

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Provide for the long-term sustainability of the colorado music festival & center for musical arts.

99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $179K a year · 374% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$152K
+426% vs prior year
Spent
$252K
To programs
99%
Net assets
$699K
By yearFY2020–FY2024
Revenue
$152K
FY2023▲ +426%
Revenue by fiscal year
FY2020−$31K
FY2021$67K
FY2022$29K
FY2023$152K
FY2024$22K
Expenses
$252K
FY2023▲ +493%
Expenses by fiscal year
FY2020$0
FY2021$80K
FY2022$43K
FY2023$252K
FY2024$762K
Net assets
$699K
FY2023▼ -6%
Net assets by fiscal year
FY2020$872K
FY2021$915K
FY2022$744K
FY2023$699K
FY2024$0

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $250K Management & general 1% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Andrea Berry
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Anne Beer
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cmf Endowment Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Sustain the Colorado Music Festival and its Center for Musical Arts for the future.

Provided by the organization

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1 program · $250K · in their own filed words · FY2023
01

The organization provides financial support for the operations and long-term needs of the colorado music festival & center for musical arts, a colorado not-for-profit organization exempt under section 501(c)(3).

$250Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $1.1M · 2021–2024
Colorado Music Festival & Center for Musical ArtsCO · FY2024$759,316
Colorado Music Festival & Center for Musical ArtsCO · FY2023$250,000
Colorado Music Festival & Center for Musical ArtsCO · FY2022$40,000
Colorado Music Festival & Center for Musical ArtsCO · FY2021$80,000

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$152K
Ln 12
Gifts and grantsLn 1h$129K
Investment incomeLn 3$23K
Money outPt IX
$252K
Ln 25
Programscol B$250K
Managementcol C$2K
Owns and owesPt X
$699K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$699K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$129K
Investment incomeLn 3$23K
Gains on assetsLn 7$5K
Total revenueLn 12$152K
Assets in detailPt X, end of year
SavingsLn 2$5K
Cash and savings togetherLn 1–2$5K
InvestmentsLn 11–13$566K
Other assetsLn 15$128K
Total assetsLn 16$699K
LiabilitiesLn 26$0
Net assetsLn 32$699K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$5K$5K
InvestmentsLn 11–13$738K$566K
Total assetsLn 16$744K$699K
LiabilitiesLn 26$0$0
Net assetsLn 32$744K$699K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$250K$250K
Investment management feesLn 11f$2K$2K
InsuranceLn 23$477$477
Total functional expensesLn 25$252K$250K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $22K$762K−$739K$0 990 PDF
FY2023 Viewing $152K$252K−$100K$699K 990 PDF
FY2022 $29K$43K−$14K$744K 990 PDF
FY2021 $67K$80K−$13K$915K 990 PDF
FY2020 −$31K$0−$31K$872K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $152,048 across 5 lines filed
VIII-1f All other contributions, gifts and grants$128,780
VIII-1h Total contributions, gifts and grants$128,780
VIII-3 Investment incomeExcluded from tax $18,310$18,310
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,958$4,958
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $23,268$152,048
Part IX · Statement of functional expenses $252,016 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $250,000$250,000
IX-11f Investment management feesManagement $1,539$1,539
IX-23 InsuranceManagement $477$477
IX-25 Total functional expensesPrograms $250,000 · Management $2,016 · Fundraising $0$252,016
Part X · Balance sheet $699,042 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $4,675$4,883
X-11 Publicly traded securitiesStart of year $737,595$566,166
X-15 Other assetsStart of year $1,300$127,993
X-16 Total assetsStart of year $743,570$699,042
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $485,742$425,776
X-28 Net assets with donor restrictionsStart of year $257,828$273,266
X-32 Total net assets or fund balancesStart of year $743,570$699,042
X-33 Total liabilities and net assetsStart of year $743,570$699,042
Part XI · Reconciliation of net assets $699,042 net assets at year end
XI-1 Total revenue$152,048
XI-2 Total expenses$252,016
XI-3 Revenue less expenses−$99,968
XI-4 Net assets at start of year$743,570
XI-5 Net unrealized gains (losses) on investments$55,440
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$699,042

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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