
Bay Chamber Concerts is a 501 (c)(3) registered non-profit organization. Our Board of Directors and staff are fiscally conservative, always seeking to balance the books to provide a stong foundation for sustainability. We've been around for nearly 50 years, and we plan on being around for at least 50 more!
Income
Our funding comes from a mix of sources. While ticket sales cover part of our expenses, they're only part of the equation. We also derive income from individual contributors, business and foundation supporters and fundraising events. Our overall budget varies year-to-year, and currently averages about $1 million annually.
Contributions and Grants - 46%
Ticket Sales and other Program Revenue - 35%
Endowment Income - 10%
Special Event Income - 9%
Expenses
The majority of our expenses are related to the presentation of concerts. The bulk of the cost of presenting concerts goes directly to artists in the form of fees. In addition to concerts, we spend a significant portion of our income on providing educational opportunities to our community. Other costs include management (rent, electricity, technology) and staff salaries.
Concerts & Education Programs - 78%
Fundraising - 11%
Administrative - 11%
Guidestar
Our IRS financial statements are available online. Requires free registration.
|