Caramoor Center for Music & the Arts Inc

EIN: 135643627 501(c)(3) Arts, Culture & Humanities

Katonah, NY

Total Revenue
$6,167,706
Total Expenses
$8,680,355
Total Assets
$46,837,871
Net Assets
$45,530,162
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
NY
Principal Officer
Edward J Lewis III
Phone
9142328425
Tax Period
2023-01-01 to 2023-12-31

Caramoor Center for Music & the Arts Inc, founded in 1945, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $8.7M exceeded revenue, resulting in a 41% operating deficit.

Mission

Caramoor Center for Music and the Arts is a destination for exceptional music, captivating programs, spectacular gardens, intriguing sound art, and historical perspective. Located on an 81-acre campus in Katonah, NY, Caramoor annually presents approximately 70 live music performances in a wide range of genres. Audiences are invited to explore the lush grounds, tour the historic Rosen House, enjoy a pre-concert picnic, and discover beautiful music in the relaxed settings of the Venetian Theater, Spanish Courtyard, Music Room, Friends Field, and magnificent gardens. Caramoor also trains the next generation of classical musicians and provides music-based arts education to local schoolchildren. The organization, founded by Lucie and Walter Rosen, was established as a 501c3 non-profit arts center in 1946 and is listed on the National Register of Historic Places. In 2023, roughly 32,481 people visited Caramoor's campus to enjoy the grounds and listen to music. In addition, approximately 9,800 people used the campus through facility rentals, special events, and administrative functions. In 2023, audiences enjoyed an exceptional year of musical performances from artists including Broadway legend Audra McDonald, rising jazz superstar Samara Joy, and acclaimed singer-songwriter Mary Chapin Carpenter, as well as guest appearances by pianist Helene Grimaud and cellist Alisa Weilerstein alongside Orchestra of St. Luke's. Nearly 2,000 visitors toured the historic Rosen House, while many more explored the gardens, including our collection of outdoor sound art, Sonic Innovations. Caramoor's free community days included Dia de Los Muertos, a celebration of the Mexican Day of the Dead; Soundscapes, an event focused on our sound art collection, and "FARMING," a postmodern chorale work by Ted Hearne featuring noted chamber choir The Crossing.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,518,172
Program Service Revenue $1,222,785
Investment Income $687,284
Other Revenue $-260,535
TOTAL REVENUE $6,167,706

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,382,415
Fundraising Expenses $1,149,203
Program Expenses $6,210,217
Other Expenses $5,297,940
TOTAL EXPENSES $8,680,355

Year-over-Year Comparison

2023 2022 Change
Revenue $6,167,706 $5,678,968 +0.1%
Expenses $8,680,355 $8,469,144 +0.0%
Net Income $-2,512,649 $-2,790,176 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
26
Independent Members
26
Employees
155
Volunteers
132

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$574,869
Total Directors
29
$0
Key Employees
2
$418,485
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James A Attwood Jr Chairman 8.00
Officer Director
$0 $0 $0
Peter Kend Vice Chairman 4.00
Officer Director
$0 $0 $0
Paul S Bird Treasurer 2.00
Officer Director
$0 $0 $0
Angela Haines Secretary 2.00
Officer Director
$0 $0 $0
Judy Evnin Chairman Emeritas 3.00
Director
$0 $0 $0
Barry J Alperin Trustee 1.00
Director
$0 $0 $0
James L Amine Trustee 2.00
Director
$0 $0 $0
David Barber Trustee 1.00
Director
$0 $0 $0
Jon Bauer Trustee 1.00
Director
$0 $0 $0
Gail A Binderman Trustee, thru Oct. 2023 1.00
Director
$0 $0 $0
William Cordiano Trustee 8.00
Director
$0 $0 $0
Ian Cook Trustee 2.00
Director
$0 $0 $0
Jane Phillips Donaldson Trustee 2.00
Director
$0 $0 $0
Lawrence Elow Trustee 1.00
Director
$0 $0 $0
Susan W Freund Trustee 1.00
Director
$0 $0 $0
Francis Goldwyn Trustee 1.00
Director
$0 $0 $0
Sandra S Joys Trustee, thru Oct. 2023 1.00
Director
$0 $0 $0
Floy B Kaminski Trustee 2.00
Director
$0 $0 $0
Deborah Stiles Trustee 1.00
Director
$0 $0 $0
Jim Lee Trustee 1.00
Director
$0 $0 $0
Stephen Limpe Trustee 2.00
Director
$0 $0 $0
Nancy Offit Trustee 1.00
Director
$0 $0 $0
Richard H O'Leary Trustee 2.00
Director
$0 $0 $0
Barbara Glauber Trustee 1.00
Director
$0 $0 $0
Mrs Andrew Saul Trustee 1.00
Director
$0 $0 $0
Lisa Welch Trustee 1.00
Director
$0 $0 $0
Ian Winchester Trustee 2.00
Director
$0 $0 $0
Nina Stanton Trustee 1.00
Director
$0 $0 $0
Richard Zinman Trustee, thru Oct. 2023 2.00
Director
$0 $0 $0
Edward Lewis III President & CEO 65.00
Officer
$328,461 $19,590 $348,051
Tracy Tajbl Chief Development Officer 60.00
Officer
$211,476 $15,342 $226,818
Katherine Schuman Artistic Director 60.00
Key Emp
$202,552 $22,962 $225,514
Tammy Belanger VP, CFO 50.00
Key Emp
$163,530 $29,441 $192,971
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $6,167,706 $8,680,355 $46,837,871 $-2,512,649
2022 $5,678,968 $8,469,144 $45,359,034 $-2,790,176
2021 $9,849,040 $6,671,503 $54,142,403 $3,177,537
2020 $6,140,543 $5,417,470 $49,439,168 $723,073
2019 $9,504,420 $7,006,219 $44,359,964 $2,498,201
2018 $12,538,930 $6,824,167 $38,333,178 $5,714,763
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Caramoor Center for Music & the Arts Inc with other nonprofits in New York and across the country.