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Filing year 2023

HEIFETZ INTERNATIONAL MUSIC INSTITUTE INC

Staunton, Virginia·EIN 52-1959289·NTEE A6E0 · Arts, Culture & Humanities·501(c)(3)
Total revenue
$1.7M
Total assets
$326k
Total expenses
$1.9M
Reported officers
21
Mission

THE MISSION OF THE HEIFETZ INSTITUTE IS TO DEVELOP THE EXPRESSIVE POTENTIAL OF EVERY PERFORMER. THROUGH INNOVATIVE PERFORMANCE AND COMMUNICATION TRAINING, THE INSTITUTE TRAINS MUSICIANS TO REDEFINE THE CONCERT EXPERIENCE BY CONVEYING THE EMOTION OF THEIR MUSIC AND EXPLORING THEIR CREATIVE POTENTIAL. THE UNDERLYING PHILOSOPHY IS THAT ARTISTS EXPRESS THEIR INDIVIDUALITY NOT ONLY THROUGH TECHNICALLY ROBUST MUSIC-MAKING, BUT ALSO THROUGH EMOTIONAL AND PHYSICAL ENGAGEMENT WITH THE MUSIC THEY PLAY.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at Arts, Culture & Humanities organizations in Virginia.

President & CEO
Median to 75th percentile
$118k
$128k
Base
$115k
Bonus
Other
Benefits
$3k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 20 unpaid individuals.

Browse compensation in Arts, Culture & Humanities

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at HEIFETZ INTERNATIONAL MUSIC INSTITUTE INC equaled 6% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

This organization (2023)
6%
Sector median
11%
Middle half of sector
5% to 20%

Based on 17,098 arts, culture & humanities organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Down 25%
from 2022

From $157k in 2022 to $118k in 2023.

$157k
2022
$118k
2023
In today's dollarsEst.
Down 28% in real terms$179k to $128k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 25% from 2022 to 2023, while revenue fell 16%.

$157k in 2022 to $118k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about HEIFETZ INTERNATIONAL MUSIC INSTITUTE INC

What does the Chief Executive Officer of HEIFETZ INTERNATIONAL MUSIC INSTITUTE INC earn?

In 2023, the Chief Executive Officer of HEIFETZ INTERNATIONAL MUSIC INSTITUTE INC received $117,635 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Arts, Culture & Humanities organizations in Virginia, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at HEIFETZ INTERNATIONAL MUSIC INSTITUTE INC compare with similar nonprofits?

Compared with the same role at Arts, Culture & Humanities organizations in Virginia, the 2023 pay of the Chief Executive Officer at HEIFETZ INTERNATIONAL MUSIC INSTITUTE INC falls between the median and the 75th percentile. In 2023, the highest total compensation at HEIFETZ INTERNATIONAL MUSIC INSTITUTE INC equaled 6% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

What are HEIFETZ INTERNATIONAL MUSIC INSTITUTE INC's revenue and expenses?

In 2023, HEIFETZ INTERNATIONAL MUSIC INSTITUTE INC reported $1.7M in total revenue and $1.9M in total expenses on its IRS Form 990.

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