Midcoast Symphony Orchestra
- Assets
- $0.0
- Revenue
- $58.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Brunswick, ME
- Founding
- 04/1992
- Data as of
- 06/2022
- EIN
- 01-0459493
Organization Overview
Midcoast Symphony Orchestra is located in Brunswick, ME. The organization was established in 1992. 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 06/2022, Midcoast Symphony Orchestra employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midcoast 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 06/2022, Midcoast Symphony Orchestra generated $58.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $145.8k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONCERTS MSO PROVIDES EIGHT CONCERTS ANNUALLY IN LEWISTON AND TOPSHAM MAINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC CONCERT PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Preston Executive Director | OfficerTrustee | 25 | $30,633 |
Meghan Metzger Director & Secretary | OfficerTrustee | 5 | $0 |
Marc Solebello Director & Treasurer | OfficerTrustee | 5 | $0 |
Heather Linkin Director & President | OfficerTrustee | 5 | $0 |
Billie-Jo Brito Director | Trustee | 5 | $0 |
Tim Kenlan Director | Trustee | 5 | $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 | $79,907 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,907 |
| Total Program Service Revenue | $58,964 |
| Investment income | $15,916 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$103,747 |
| Net Income from Fundraising Events | $7,692 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,732 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,633 |
| Compensation of current officers, directors, key employees. | $7,658 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,512 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,283 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,882 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,594 |
| Office expenses | $25,831 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,431 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,635 |
| All other expenses | $0 |
| Total functional expenses | $145,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Midcoast Symphony Orchestra has recieved totaling $14,800.
| Awarding Organization | Amount |
|---|---|
Harold W And Mary Louise Shaw Foundation Colorado Springs, CO PURPOSE: GENERAL FUND | $7,500 |
Onion Foundation Wayne, ME PURPOSE: GENERAL PURPOSE | $5,000 |
The Alfred M Senter Fund Bridgeport, CT PURPOSE: GENERAL SUPPORT | $2,220 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $80 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Portland Maine Symphony Orchestra Portland, ME | $14,736,748 | $3,659,418 |
Bangor Symphony Orchestra Bangor, ME | $3,668,004 | $928,953 |
Symphony New Hampshire Nashua, NH | $876,632 | $615,324 |
Midcoast Symphony Orchestra Brunswick, ME | $0 | $58,732 |
Seacoast Community Chamber Orchestra Portsmouth, NH | $210,385 | $0 |
Portland Chamber Music Festival Portland, ME | $177,531 | $0 |
New Hampshire Philharmonic Orchestra Incorporated Concord, NH | $89,497 | $0 |
Camerata New England Inc Hanover, NH | $47,814 | $0 |
Lakes Region Symphony Orchestra Meredith, NH | $93,292 | $0 |
The Nashua Community Chamber Orchestra Nashua, NH | $57,946 | $0 |