LAKE CHAMPLAIN CHAMBER MUSIC FESTIVAL I

EIN: 262757906 501(c)(3) Arts, Culture & Humanities

WINOOSKI, VT

Total Revenue
$367,354
Total Expenses
$397,347
Total Assets
$1,011,456
Net Assets
$965,334
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
VT
Principal Officer
PETER ESPENSHADE
Phone
8028462175
Tax Period
2023-01-01 to 2023-12-31

LAKE CHAMPLAIN CHAMBER MUSIC FESTIVAL I, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $367K in total revenue in fiscal year 2023. Net assets of $965K represent 32 months of operating reserves.

Mission

THE MISSION OF THE LAKE CHAMPLAIN CHAMBER MUSIC FESTIVAL IS TO INSPIRE A PASSION FOR CHAMBER MUSIC.

Program Service Accomplishments

Program 1
Expenses: $288,400 Revenue: $62,825

NOW IN OUR 15TH SEASON, THE LAKE CHAMPLAIN CHAMBER MUSIC FESTIVAL IS KNOWN FOR ITS OUTSTANDING MUSICIANS, INNOVATIVE PROGRAMMING, AND EDUCATIONAL ACTIVITIES UNDER THE LEADERSHIP OF VIOLINIST SOOVIN...

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NOW IN OUR 15TH SEASON, THE LAKE CHAMPLAIN CHAMBER MUSIC FESTIVAL IS KNOWN FOR ITS OUTSTANDING MUSICIANS, INNOVATIVE PROGRAMMING, AND EDUCATIONAL ACTIVITIES UNDER THE LEADERSHIP OF VIOLINIST SOOVIN KIM AND PIANIST GLORIA CHIEN. THE 9-DAY SUMMER FESTIVAL OFFERS MORE THAN 20 PUBLIC EVENTS: FOUR MAJOR CONCERTS, RECITALS - INCLUDING A FREE LUNCHTIME CONCERT AT ST. PAUL'S CATHEDRAL IN BURLINGTON, DYNAMIC LECTURES LED BY RESIDENT COMPOSER DAVID SERKIN LUDWIG, EVENTS INVOLVING GUEST COMPOSERS, COMMISSION PREMIERES, DISCUSSIONS ON REPERTOIRE, TALKS AND DEMONSTRATIONS BY GUEST SPEAKERS, AND OPPORTUNITIES TO INTERACT WITH THE ARTISTS. PARTICIPANTS IN THE YOUNG COMPOSER SEMINAR WORK WITH RESIDENT COMPOSER DAVID SERKIN LUDWIG AND A YOUNG PROFESSIONAL ENSEMBLE, MENTORED BY FESTIVAL ARTISTS, IS IN RESIDENCE THROUGHOUT THE FESTIVAL.

Program 2
Revenue: $2,100

NOW IN ITS 9TH YEAR, LCCMF'S ONE STRINGS PROGRAM OFFERS STRINGS INSTRUCTION FOR ALL 3RD-5TH GRADERS AT THE INTEGRATED ARTS ACADEMY, A BURLINGTON, VERMONT PUBLIC SCHOOL IN THE OLD NORTH END OF THE...

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NOW IN ITS 9TH YEAR, LCCMF'S ONE STRINGS PROGRAM OFFERS STRINGS INSTRUCTION FOR ALL 3RD-5TH GRADERS AT THE INTEGRATED ARTS ACADEMY, A BURLINGTON, VERMONT PUBLIC SCHOOL IN THE OLD NORTH END OF THE CITY.

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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 $317,257
Program Service Revenue $60,797
Investment Income $-14,828
Other Revenue $4,128
TOTAL REVENUE $367,354

Expense Breakdown

Grants Paid $0
Salaries & Benefits $87,736
Fundraising Expenses $5,832
Program Expenses $288,400
Other Expenses $309,611
TOTAL EXPENSES $397,347

Year-over-Year Comparison

2023 2022 Change
Revenue $367,354 $350,634 +0.0%
Expenses $397,347 $409,630 0.0%
Net Income $-29,993 $-58,996 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
11
Independent Members
10
Employees
2
Volunteers
73

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
5
$70,000
Total Directors
11
$70,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DREW KERVICK PRESIDENT 5.00
Officer Director
$0 $0 $0
BARBARA YORK VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
STEPHEN MAYER SECRETARY 2.00
Officer Director
$0 $0 $0
JAN STICKLE TREASURER 2.00
Officer Director
$0 $0 $0
PETER ESPENSHADE EXECUTIVE DIRECTOR 40.00
Officer Director
$70,000 $0 $70,000
SIMONA CHUBB DIRECTOR 2.00
Director
$0 $0 $0
ANNE CLARK DIRECTOR 2.00
Director
$0 $0 $0
LIVIA DEMARCHIS DIRECTOR 2.00
Director
$0 $0 $0
CHAD HANSEN DIRECTOR 2.00
Director
$0 $0 $0
JANE KITTREDGE DIRECTOR 2.00
Director
$0 $0 $0
PIA SAWHNEY DIRECTOR 2.00
Director
$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 $367,354 $397,347 $1,011,456 $-29,993
2022 $350,634 $409,630 $915,959 $-58,996
2021 $388,881 $388,200 $1,089,165 $681
2020 $301,535 $170,331 $1,016,581 $131,204
2019 $354,886 $391,238 $838,923 $-36,352
2018 $808,603 $324,072 $728,992 $484,531
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