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
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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'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.

Program Service Accomplishments

Program 1
Expenses: $4,059,604 Revenue: $769,914

Musical Performances - See Schedule O

Program 2
Expenses: $1,360,451 Revenue: $388,855

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...

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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.

Program 3
Expenses: $790,162 Revenue: $62,096

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...

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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.

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

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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
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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
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