Santa Fe Chamber Music Festival Endowment Foundation in Santa Fe, New Mexico (NM)

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Santa Fe Chamber Music Festival Endowment Foundation
Employer Identification Number (EIN)850395451
Name of OrganizationSanta Fe Chamber Music Festival Endowment Foundation
In Care of NameArnold Sandrock
AddressPO BOX 2227, Santa Fe, NM 87504-2227
ActivitiesEndowment fund or financial services
SubsectionCharitable Organization
Ruling Date06/1993
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period10/2014
Assets$5,000,000 to $9,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$7,285,380
Amount of Income$2,762,038
Form 990 Revenue Amount$750,486
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Single Organization Support


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Amount of income in 2014: $2,762,038 (it was $462,703 in 2013)
This organization: 

 $2,762,038
Other organizations performing similar types of work: 

 $434,562

Assets in 2014: $7,285,380 (it was $7,005,190 in 2013)
This organization: 

 $7,285,380
Other organizations performing similar types of work: 

 $968,371

Expenses in 2013: $390,247
Santa Fe Chamber Music Festival Endowment Foundation: 

 $390,247
Other organizations performing similar types of work: 

 $215,697

Income to expenses ratio in 2013: 7.1
Santa Fe Chamber Music Festival Endowment Foundation: 

 7.1
Other organizations performing similar types of work: 

 1.8

Grants share in income in 2013: 47.8%
Santa Fe Chamber Music Festival Endowment Foundation: 

 47.8%
Other organizations performing similar types of work: 

 19.7%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?NoNo
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 109600
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNo
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return00
Did the organization file all required federal employment tax returns?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNo
Did the organization notify the donor of the value of the goods or services provided?NoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$0$0
Total reportable compensation from related organizations$149,758$174,951
Total estimated amount of other compensation from the organization and related organizations$11,049$14,431
Total number of individuals who received more than $100,000 of reportable compensation from the organization00
Total number of independent contractors who received more than $100,000 of compensation from the organization00
Statement of Revenue
201120122013
Total revenue$513,639$815,591$462,703
Contributions, Gifts, Grants and Other Similar Amounts$130,967$73,754$221,090
Program Service Revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$169,828$170,162$182,251
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$0$0$0
Net gain/loss from sales of assets other than inventory$212,844$571,675$59,362
Gross amount from sales of assets other than inventory (Securities / Other)$1,387,768 / $0$3,623,269 / $0$887,628 / $0
Less: cost or other basis and sales expenses (Securities / Other)$1,174,924 / $0$3,051,594 / $0$828,266 / $0
Gain or (loss) (Securities / Other)$212,844 / $0$571,675 / $0$59,362 / $0
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$0$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$360,726$390,963$390,247
Grants and other assistance to domestic organizations and domestic governments$334,500$327,000
Grants and other assistance to domestic individuals$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$0$0$0
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$0$0$0
Pension plan accruals and contributions$0$0
Other employee benefits$0$0
Payroll taxes$0$0$0
Fees for services (non-employees)
Management$0$0
Legal$0$0
Accounting$21,786$24,840
Lobbying$0$0
Professional fundraising services$0$0$0
Investment management fees$34,668$38,407
Other$0$0
Advertising and promotion$0$0
Office expenses$0$0
Information technology$0$0
Royalties$0$0
Occupancy$0$0
Travel$0$0
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$0$0
Interest$0$0
Payments to affiliates$0$0
Depreciation, depletion, and amortization$0$0
Insurance$0$0
Balance Sheet
201120122013
Total assets$6,517,166$6,697,407$7,005,190
Cash - non-interest-bearing$0$0
Savings and temporary cash investments$194,189$36,394
Pledges and grants receivable, net$370,061$297,857
Accounts receivable, net$0$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$0$0
Land, buildings, and equipment: cost or other basis$0$0
Investments - publicly traded securities$5,601,720$6,670,939
Investments - other securities$531,437$0
Investments - program-related$0$0
Intangible assets$0$0
Other assets$0$0
Total liabilities$200,551$192,664$1,391
Accounts payable and accrued expenses$1,196$1,391
Grants payable$0$0
Deferred revenue$0$0
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$191,468$0
Total net assets or fund balances$6,316,615$6,504,743$7,003,799
Unrestricted net assets$6,134,682$6,705,942
Temporarily restricted net assets$370,061$297,857
Permanently restricted net assets$0$0
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Number of organizations supported1
Sum of amounts of support$327,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Stan Hywet Hall And Gardens Foundation714 N Portage Path, Akron, OH 44303-1399OH1999-07$9,032,213
2The Friends Of The Israel Antiquities Authoritity IncC/O Wlrk 51 West 52nd Street 31st, New York, NY 10019NY1992-01$2,863,685
3Santa Fe Chamber Music Festival Endowment FoundationPO BOX 2227, Santa Fe, NM 87504-2227NM1993-06$2,762,038
4Winchester Community Music School Trust407 Highland Ave, Winchester, MA 01890-4050MA1984-09$1,768,841
5Wickenburg Foundation For The Performing Arts2001 W Wickenburg Way Ste 3, Wickenburg, AZ 85390-2298AZ1998-06$1,448,777
6Royal Shakespeare Company AmericaPO BOX 1956, New York, NY 10101-1956NY1996-09$970,850
7Wilhelm Reich Infant TrustPO BOX 687, Rangeley, ME 04970-0687ME1994-09$969,028
8Watertown Arts On The Charles Inc321 Arsenal St, Watertown, MA 02472-5710MA1999-08$965,777
9The Barnes-Deinzer Seneca County Museum Foundation IncPO BOX 433, Tiffin, OH 44883-0433OH1982-09$865,003
10National Hispanic Cultural Center Foundation1701 4th St Sw, Albuquerque, NM 87102-4508NM1986-01$694,058
11Sun Sounds Foundation2323 W 14th Street, Tempe, AZ 85281-6948AZ2000-07$589,548
12West Virginia Public Broadcasting Foundation Inc600 Capitol St, Charleston, WV 25301-1223WV1994-01$489,112
13Sleeper Trust4 E Jackson Ave, Iola, KS 66749-2931KS1975-10$479,630
14The Opera League Of Los AngelesPO BOX 491057, Los Angeles, CA 90049-9057CA1982-06$396,429
15The Anasazi The Ancient Ones Pageant Foundation800 N Auburn Ave, Farmington, NM 87401-2612NM1988-09$223,040
16Sandra Day Oconnor Band Boosters12221 Leslie Rd, Helotes, TX 78023-4404TX1999-09$221,452
17Baltimore Conservatory Association IncPo Box 5668, Baltimore, MD 21210MD1998-06$218,026
18Guilds Of The Santa Fe Opera Inc, Group ReturnPO BOX 2658, Santa Fe, NM 87504-2658NM1997-06$51,771
19American Southwest Theatre CompanyPo Box 30001 Msc 3072, Las Cruces, NM 88003NM1985-01$0
20Guilds Of The Santa Fe Opera Inc, Santa Fe Opera GuildPO BOX 2371, Santa Fe, NM 87504NM1997-06$0
Number of organizations performing similar types of work
Alaska2
Alabama2
Arkansas3
Arizona6
California32
Colorado7
Connecticut1
District of Columbia1
Delaware1
Florida8
Georgia6
Hawaii2
Iowa7
Idaho2
Illinois10
Indiana7
Kansas4
Kentucky5
Louisiana4
Massachusetts6
Maryland4
Maine3
Michigan6
Minnesota4
Missouri3
Mississippi1
Montana1
North Carolina7
North Dakota1
Nebraska5
New Jersey2
New Mexico6
New York18
Ohio13
Oklahoma5
Oregon2
Pennsylvania7
Rhode Island1
South Dakota1
Tennessee3
Texas22
Utah3
Virginia2
Vermont1
Washington5
Wisconsin4
West Virginia2
International1
Total249

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