Governance & Funding
ICMCA is run by an annually elected, all-volunteer board, with membership dues as the base financing our events. Adding in non-member ticket sales, we have always broken even on an annual basis. In 2001, we applied for and were granted tax-exempt status by the IRS under Section 501©(3). Since 1999, we have expanded the number of our events each year from 4 to 6 (2001, 2002) to 8 (2003 – 07) to a high of 11 events in 2010. After not raising our membership rates in the last five years, we initiated a 20% increase in our membership dues in 2008, and hosted nine events that year. That said, most of the increase in our funds have historically come from increasing the membership base from about 100 individuals (1999) to over 300 (2004), through donations from members and well-wishers, through matching contributions from local corporations such as IBM and AMD, and through grants from the City of Austin and the Mid-west Arts Alliance (2004 – 07). Most of the ICMCA programs are also co-sponsored by the Center of Asian Studies, University of Texas at Austin.
Since 1999, we have expanded the number of our events each year from 4 to 6 to 8. Our annual budget has also doubled, even as the scope of our events has increased. What is noteworthy, however, is what does not show up in our budget, namely the thousands of hours (and dollars) spent by volunteers on activities such as boarding/lodging for artists, transportation, and so on (never billed to ICMCA or claimed as Tax deductions). Indeed, the budgeting requirements of the City of Austin have presented us with an opportunity to finally tally and enumerate how much time and effort is spent gratis by our volunteers as a labor of love for Indian Classical Music. Starting 2006, we have expanded our pool of volunteers to include a whole network of online friends of ICMCA who help us with writing press releases, creating brochures, posting events on online websites, etc. This has allowed us to tap into a resource pool that we previously did not leverage, namely the goodwill of several people who want to help non-profits fulfill their mission, even when they themselves do not even live in Central Texas.