Friends of Chamber Music

What it reported doing in 2024

Friends of chamber music typically presents 22-28 concerts and educational activities from october through may, featuring the very finest chamber ensembles in the world, both world-renowned and young, emerging artists. Programs include: (1) a classic series that offers 5 ensembles in 10 concerts each season (predominantly string quartets and piano trios); (2) a beyond classic series that offers 3-4 non-traditional, contemporary, or alternative ensembles; (3) a vocal arts series that offers 3-4 ensembles or recitalists; (4) an educational outreach program that offers educational outreach activities in public schools, as well as various community outreach activities; and (5) a series of 15-20 fundraising events called dinner with friends. Continued on schedule o.friends of chamber music presented 23 concerts in the 2024-25 season as part of the classic series, beyond classic (formerly not so classic) series, and vocal arts series, and a week-long shostakovich festival. Concerts took place in lincoln performance hall, kaul auditorium, patricia reser center for the arts, st. Philip neri church, and the old church. Total attendance at all concerts was approximately 8,160. Focm also offered 17 dinner with friends fundraising events with total attendance approximately 341.in addition, friends of chamber music presented 18 educational outreach activities featuring our professional visiting musicians with approximately 1,500 attendees. Educational events were offered for students of various ages at reynolds high school, camas high school, mt. Hood community college, and the arts and communication magnet academy. One public master class was offered at portland state university, and two at linfield university. Several lectures, and a film were offered as part of our shostakovich festival. One ensemble, publiquartet, presented a concert at mirabella retirement community and another, meta4 performed for willamette view retirement community. An all-day youth choral festival was offered by chanticleer which involved four high school choirs. An 8-session chamber music appreciation class was also offered.

Financial Efficiency

• Mission deployment rate: 60.4%; rating input score 60
• Program expense ratio: 82.9%; rating input score 83
• Fundraising efficiency: $7.57 raised per $1 spent on fundraising; rating input score 29; 29th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 30.7%; rating input score 85; 85th percentile among comparable filings
• Total-asset coverage ratio: 8.22; rating input score 90; 90th percentile among comparable filings
• Liabilities to assets ratio: 0.06; rating input score 49; 49th percentile among comparable filings
• Officer compensation ratio: 16.2%; rating input score 21; 21st percentile among comparable filings

Growth

• Program expense growth: 12.1% per year; rating input score 100; 69th percentile among comparable filings
• Revenue growth: 2.5% per year; rating input score 100; 27th percentile among comparable filings
• Asset growth: 27.9% per year; rating input score 100; 89th percentile among comparable filings