The Rome Chamber Music Festival Inc

EIN: 200525680 501(c)(3) Arts, Culture & Humanities

New Canaan, CT

Total Revenue
$337,172
Total Expenses
$400,753
Total Assets
$81,402
Net Assets
$81,402
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NY
Phone
2124465107
Tax Period
2023-01-01 to 2023-12-31

The Rome Chamber Music Festival Inc, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $337K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $401K exceeded revenue, resulting in a 19% operating deficit.

Mission

The Rome Chamber Music Festival, Inc. is a New York not-for-profit corporation established to promote and advance the public perception and awareness of music in its cultural environment by organizing and promoting concerts and musical events and by furthering the education and performing experience of promising young music students. The primary focus of the organization's current activities is a one week festival that occurs each year. Outstanding musicians from the United States, Italy and elsewhere perform during the Festival and provide master classes to selected and highly promising students from the United States and Italy who are invited to study with these accomplished artists during the Festival and then to present their own concert during the Festival period.

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Trantor Score

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

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $287,082
Program Service Revenue $0
Investment Income $0
Other Revenue $50,090
TOTAL REVENUE $337,172

Expense Breakdown

Grants Paid $289,492
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $381,712
Other Expenses $111,261
TOTAL EXPENSES $400,753

Year-over-Year Comparison

2023 2022 Change
Revenue $337,172 $504,602 -0.3%
Expenses $400,753 $400,970 0.0%
Net Income $-63,581 $103,632 -1.6%
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
17
Independent Members
15
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert McDuffie Director 0.00
Director
$0 $0 $0
Nancy McAllister Director 0.00
Director
$0 $0 $0
Courtenay Hardy Director 0.00
Director
$0 $0 $0
Maria Augusta Fioruzzi Director 0.00
Director
$0 $0 $0
Genelle Jennings Director 0.00
Director
$0 $0 $0
Camille McDuffie Director 0.00
Director
$0 $0 $0
Linda McGrath Director 0.00
Director
$0 $0 $0
Joanne F Shiebler Director 0.00
Director
$0 $0 $0
Margize Howell Director 0.00
Director
$0 $0 $0
Robert Skolnick Director 0.00
Director
$0 $0 $0
Domenico De Simone Director 0.00
Director
$0 $0 $0
James Matera Director 0.00
Director
$0 $0 $0
Joseph C Brandt Director 0.00
Director
$0 $0 $0
Sandra Pinnavaia Director 0.00
Director
$0 $0 $0
Allston Chapman Secretary 0.00
Officer
$0 $0 $0
William A Kerr President 0.00
Officer
$0 $0 $0
William Kerr Treasurer 0.00
Officer
$0 $0 $0
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 $337,172 $400,753 $81,402 $-63,581
2022 $504,602 $400,970 $144,982 $103,632
2021 $302,802 $320,066 $41,350 $-17,264
2020 $149,282 $138,102 $58,662 $11,180
2019 $295,025 $300,611 $47,482 $-5,586
2018 $264,250 $239,511 $53,068 $24,739
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