2025-09-23T11:41:43-05:00 2024-12-31 351356555 DONOVAN PC 5151 E US HWY 36 AVON IN 46123 990 2024-01-01 237002448 FINE ARTS SOCIETY OF INDIANAPOLIS FINE 3177883291 1630 N MERIDIAN ST 240 INDIANAPOLIS IN 46202 JULIA HOLBROOK EXECUTIVE DIRECTOR 3177883291 2025-09-23 1 0 ABIGAIL HEDGES CPA P02058156 3177456411 2025-09-23 2024 2025-03-06 01:10:19Z CLASSICAL MUSIC INDY INC JULIA HOLBROOK 1630 N MERIDIAN ST 240 INDIANAPOLIS IN 46202 468797 0 X WWW.CLASSICALMUSICINDY.ORG X 1968 IN THE MISSION OF THE ORGANIZATION IS TO INSPIRE PEOPLE IN THE COMMUNITY WITH THE POWER OF CLASSICAL MUSIC. 12 12 7 12 0 0 240734 403051 60146 53017 19162 12729 -10130 0 309912 468797 0 0 0 0 394769 295284 0 0 61210 276801 177264 671570 472548 -361658 -3751 624394 640410 48063 36068 576331 604342 X TO INSPIRE PEOPLE WITH THE POWER OF CLASSICAL MUSIC. THIS IS ACHIEVED THROUGH THE CREATION AND SYNDICATION OF ON-AIR CLASSICAL MUSIC PROGRAMS TO BE BROADCAST BY AFFILIATE STATIONS, WHEREBY CMI PROVIDES BROADCASTING AND PROGRAMMING. CMI ALSO SERVES A VARIETY OF SPECIAL COMMUNITY OFF-AIR PROGRAMS AND COLLABORATIONS TO EXCITE AND ENGAGE DIVERSE AUDIENCES. 0 0 239499 53017 STREAMING AND SYNDICATION - CMI PRODUCES A CLASSICAL MUSIC STREAMING CHANNEL; LOCAL MUSIC AND NEW MUSIC FOR AN AUDIENCE OF ABOUT 40,000 EACH YEAR. SYNDICATION, ANYTIME CLASSICAL SERVES CLIENTS PROVIDING CLASSICAL MUSIC IN IDIANA, OHIO, WASHINGTON, AND OREGON. WE DO NOT HAVE ENOUGH REVENUE COLLECTED FROM OUR SYNDICATION PROGRAM CUSTOMERS, SO WE USE OUR RESTRICTED CASH AND GENERAL CONTRIBUTIONS TO SUPPORT THIS PROGRAM. WE ALSO HOST A WEEKLY RADIO PROGRAM HIGHLIGHTING THE ARTS IN INDIANA, CLASSICAL BEAT. 239499 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 7 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X X BOOKKEEPING PLUS INC 3174622049 232 E MCCLARNON DRIVE GREENFIELD IN 46140 KATHRYN PATTERSON IMMEDIATE PAST CHAIR 5.00 X X 0 0 0 KENT COOK CHAIR 5.00 X X 0 0 0 ALEX PANTOS VICE-CHAIR 5.00 X X 0 0 0 JANICE ROGER SECRETARY 5.00 X X 0 0 0 ED BELLOWS FINANCE COMMITTEE CHAIR 5.00 X 0 0 0 GERALD V HINCHMAN CHARTER & LIFETIME BOARD MEMBER 5.00 X 0 0 0 DIANE ABRAMS BOARD MEMBER 1.00 X 0 0 0 MOJA HARMON BOARD MEMBER 1.00 X 0 0 0 JAMES B LOOTENS BOARD MEMBER 1.00 X 0 0 0 PATRICK MCHUGH BOARD MEMBER 1.00 X 0 0 0 DAVE MOORE BOARD MEMBER 1.00 X 0 0 0 JORDAN WOOD BOARD MEMBER 1.00 X 0 0 0 JULIA HOLBROOK EXECUTIVE DIRECTOR 40.00 X 83793 0 11875 MICHAEL TOULOUSE PROGRAM DIRECTOR 40.00 X 49483 0 1211 133276 0 13086 0 0 0 0 0 19166 383885 403051 BROADCAST FEES 516100 50017 50017 PROGRAM INCOME 900099 3000 3000 53017 12729 12729 468797 53017 0 12729 X 146362 87761 28467 30134 104372 61231 21886 21255 4084 2988 162 934 21492 15722 854 4916 18974 11493 3809 3672 19285 19285 6176 6176 76197 51608 24589 16457 385 16072 14917 1487 13131 299 18865 120 18745 8918 8918 34 23 11 2653 2653 5706 5706 ON AIR PROGRAM 8056 6681 1375 472548 239499 171839 61210 7352 42365 6310 0 15484 24070 2637 4694 113359 109255 2436 4104 511056 497737 79119 67440 624394 640410 22273 17157 25790 18911 48063 36068 X 475013 580259 101318 24083 576331 604342 624394 640410 -3751 31762 0 X X 1 X 0 1 0 X 937660 382010 289157 240734 403051 2252612 937660 382010 289157 240734 403051 2252612 1067253 1185359 17522 15702 15702 19171 12729 80826 42 42 2333480 186234 0.50800 0.58340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48529 X MUSIC FOR RADIO BROADCAST 0 511056 187837 44087 239067 6176 497737 749459 5380 77822 315382 6223 511056 1129086 -147468 223009 9150 749459 1235764 153165 247411 12432 1129086 850133 400000 95667 101000 9036 1235764 1.00000 0 0 113359 109255 4104 4104 RIGHT OF USE ASSET - OPERATING LEASE 18911 PERMANENT RECORD LIBRARY 48529 67440 LEASE LIABILITY - OPERATING 18911 18911 X PART III, LINE 4: THE ORGANIZATION HAS CAPITALIZED $48,529 FOR ITS MUSIC COLLECTION AND OTHER AUDIO ASSETS BASED ON THE ESTIMATED FAIR VALUE OF THE DONATED ASSETS AT THE DATE OF GIFT. THE ORGANIZATION HAS DETERMINED THE MUSIC COLLECTION HAS AN UNDETERMINABLE ESTIMATED LIFE AND, ACCORDINGLY, THE ASSETS ARE SUBJECT TO AN ANNUAL EVALUATION OF THE CARRYING VALUE AND IMPAIRMENTS, IF ANY, AND ARE RECORDED AS A REDUCTION IN CARRYING VALUE AND CHARGED TO EARNINGS IN THE YEAR SUCH IMPAIRMENT IS DETERMINED. NO IMPAIRMENT HAS BEEN RECOGNIZED FOR THE YEAR ENDED DECEMBER 31, 2024. PART V, LINE 4: THE ORGANIZATION'S BOARD DESIGNATED FUND HAS BEEN CREATED AND DESIGNATED BY THE BOARD OF DIRECTORS. THE FUND HAS BEEN SET ASIDE BY THE BOARD OF DIRECTORS FOR THE PURPOSE OF SUPPORTING THE OPERATING EXPENSES OF THE ORGANIZATION. PART X, LINE 2: CMI IS DETERMINED BY THE INTERNAL REVENUE SERVICE TO BE TAX EXEMPT UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE. AS A RESULT, CONTRIBUTIONS MADE TO CMI QUALIFY AS CHARITABLE DEDUCTIONS AS DESCRIBED IN SECTION 170(C) OF THE CODE. CMI IS CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. HOWEVER, CMI WOULD BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS TAX-EXEMPT PURPOSE. PROFESSIONAL ACCOUNTING STANDARDS REQUIRE CMI TO RECOGNIZE A TAX LIABILITY ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX LIABILITY GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX LIABILITY IS RECORDED. CMI EXAMINED THIS ISSUE AND DETERMINED THERE ARE NO MATERIAL CONTINGENT TAX LIABILITIES OR QUESTIONABLE TAX POSITIONS. TAX YEARS ENDED AFTER DECEMBER 31, 2020 ARE OPEN TO AUDIT FOR FEDERAL AND STATE PURPOSES. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS THE DRAFT 990 AT ITS REGULARLY-HELD BUSINESS MEETING PRIOR TO THE FORM 990 DUE DATE. CLASSICAL MUSIC INDY THEN DISTRIBUTES THE FINAL DRAFT TO THE BOARD OF DIRECTORS VIA EMAIL TO ALL MEMBERS FOR REVIEW AND COMMENT AT LEAST ONE WEEK BEFORE THE FILING DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C CLASSICAL MUSIC INDY DISTRIBUTES A CONFLICT OF INTEREST FORM AT ITS ANNUAL MEETING IN DECEMBER. ALL MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO COMPLETE THE FORM ANNUALLY, TO BE REVIEWED BY THE SECRETARY, WHO MONITORS ALL VOTING RESULTS AND RECUSALS AT REGULARLY-HELD BUSINESS MEETINGS. BOARD MEMBERS NOT IN ATTENDANCE AT THE ANNUAL MEETING ARE EMAILED THE FORM FOR COMPLETION. ALL SIGNED COPIES OF THE FORM ARE KEPT ON FILE FOR SEVEN YEARS AT CLASSICAL MUSIC INDY OFFICES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS IDENTIFIES A SEARCH COMMITTEE MADE UP OF THE EXECUTIVE COMMITTEE MEMBERS. THE COMMITTEE DETERMINES COMPENSATION FOR THE POSITION. THE BOARD CHAIR MEETS WITH THE EXECUTIVE DIRECTOR ANNUALLY FOR A PERFORMANCE REVIEW AND MAKES RECOMMENDATIONS TO THE BOARD FOR MERIT INCREASES. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST AND ALSO AVAILABLE ON GUIDESTAR. FORM 990, PART IX, LINE 11G OTHER CONTRACTORS: PROGRAM SERVICE EXPENSES 5,218. MANAGEMENT AND GENERAL EXPENSES 24,589. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,807. MUSICIANS: PROGRAM SERVICE EXPENSES 46,390. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 46,390. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES THE OVERSIGHT OF THE REVIEW AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE SELECTION AND REVIEW PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.