Bangor Symphony Orchestra

Organization Overview

Bangor Symphony Orchestra is located in Bangor, ME. The organization was established in 1968. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Bangor Symphony Orchestra employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bangor Symphony Orchestra is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Bangor Symphony Orchestra generated $929.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $595.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE BANGOR SYMPHONY ORCHESTRA PROVIDES POWERFUL, ENRICHING AND DIVERSE MUSICAL EXPERIENCES THROUGH LIVE CONCERT PERFORMANCES AND EDUCATION PROGRAMS OF THE HIGHEST QUALITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONCERTS - THE BSO PRODUCES LIVE CLASSICAL MUSIC PERFORMANCES FOR OVER 10,000 ATTENDEES FROM THROUGHOUT CENTRAL MAINE. THE BSO PRODUCES MULTIPLE CLASSICAL MUSIC CONCERTS, A POPS CONCERT, EDUCATIONAL CONCERTS FOR YOUNG PEOPLE.


EDUCATION - THROUGH THE BANGOR SYMPHONY YOUTH ORCHESTRAS AND VARIOUS OUTREACH PROGRAMS. THE BSO PROVIDES ACCESSIBLE EDUCATIONAL OPPORTUNITIES TO YOUTH IN THE REGION.


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Board, Officers & Key Employees

Name (title)Compensation
Brian Hinrichs
Executive Director
$62,575
Eric Steadman
Treasurer
$0
Elizabeth Sutherland
President
$0
Thomas Gower
Vice President
$0
Kay Rand
Secretary
$0
Charles Burger
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$454,803
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$454,803
Total Program Service Revenue$93,542
Investment income $37,646
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $195,465
Net Income from Fundraising Events $49,875
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $928,953

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Bangor Symphony Orchestra has recieved totaling $10,000.

Awarding OrganizationAmount
Mimi Foundation

Scarborough, ME

PURPOSE: GENERAL OPERATING SUPPORT

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,455,077
Earnings$625,261
Net Contributions$124,923
Ending Balance$3,205,261

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