Vermont Symphony Orchestra Inc
- Assets
- $6.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 174
- Location
- Burlington, VT
- Founding
- 11/1939
- Data as of
- 05/2023
- EIN
- 03-0222134
Organization Overview
Vermont Symphony Orchestra Inc is located in Burlington, VT. The organization was established in 1939. 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 05/2023, Vermont Symphony Orchestra Inc employed 174 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Symphony Orchestra Inc 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 05/2023, Vermont Symphony Orchestra Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.9m during the year ending 05/2023. While expenses have increased by 4.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE VERMONT SYMPHONY ORCHESTRA FOSTERS AND ENCOURAGES THE LOVE OF MUSIC THROUGHOUT VERMONT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR FY23: 14 CORE PERFORMANCES STATEWIDE WITH FULL ORCHESTRA INCLUDING VSO AT THE FLYNN/PARAMOUNT (FORMERLY "CLASSICAL SERIES"), SUMMER FESTIVAL TOUR, AND HOLIDAY POPS, TO WHICH WE ADDED SEVEN CHAMBER ORCHESTRA PERFORMANCES (A NIGHT AT THE MOVIES, FARMERS' NIGHT, AND MARBLE). THE ORGANIZATION'S MUSIC DIRECTOR FOR 20 YEARS, JAIME LAREDO, STEPPED DOWN; IN MARCH 2023, ANDREW CRUST WAS APPOINTED THE NEW MUSIC DIRECTOR. TOTAL AUDIENCE = 14,246.
FOR FY23: 19 STATEWIDE SMALL ENSEMBLE PERFORMANCES INCLUDING MONTPELIER PRIDE, JUKEBOX QUARTET, BRASS QUINTET & COUNTERPOINT, WHISPERS OF THE PAST, PITTSFORD VILLAGE, DR. CORNEL WEST LECTURE, AND DE CORMIER MEMORIAL CONCERTS. TOTAL AUDIENCE = 2,557.
FOR FY23: 26 EDUCATIONAL EVENTS TOOK PLACE STATEWIDE THROUGHOUT THE YEAR, INCLUDING A SIDE-BY-SIDE CONCERT WITH THE VERMONT YOUTH ORCHESTRA, A JUICEBOX CHILDRENS' CONCERT, MUSICIANS IN SCHOOLS PERFORMANCES, YOUNG COMPOSERS WORKSHOP AND CONCERT, A VIOLIN MASTERCLASS AND THE MASTERCLEF COMPOSITION COMPETITION. TOTAL ATTENDANCE = 2,233.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Kenny Chair | OfficerTrustee | 2 | $0 |
Betsy Bloomer Vice Chair | OfficerTrustee | 2 | $0 |
Randall Sargent Treasurer | OfficerTrustee | 2 | $0 |
Simeon Ananou Director | Trustee | 1 | $0 |
Robert Donald Director | Trustee | 1 | $0 |
Lyn Lauffer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $163,520 |
| All other contributions, gifts, grants, and similar amounts not included above | $825,599 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $989,119 |
| Total Program Service Revenue | $420,779 |
| Investment income | $76,754 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $82,281 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $22 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,576,200 |
| 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. | $114,503 |
| Compensation of current officers, directors, key employees. | $11,747 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $705,314 |
| Pension plan accruals and contributions | $14,100 |
| Other employee benefits | $25,018 |
| Payroll taxes | $64,006 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,092 |
| Fees for services: Accounting | $21,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,542 |
| Fees for services: Other | $241,442 |
| Advertising and promotion | $129,580 |
| Office expenses | $24,561 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,484 |
| Travel | $120,920 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,600 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,967 |
| Insurance | $19,534 |
| All other expenses | $32,879 |
| Total functional expenses | $1,945,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,028 |
| Savings and temporary cash investments | $19,530 |
| Pledges and grants receivable | $293,813 |
| Accounts receivable, net | $48,986 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $720 |
| Prepaid expenses and deferred charges | $47,517 |
| Net Land, buildings, and equipment | $42,052 |
| Investments—publicly traded securities | $5,234,160 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $293,413 |
| Total assets | $6,001,219 |
| Accounts payable and accrued expenses | $48,423 |
| Grants payable | $0 |
| Deferred revenue | $105,557 |
| 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 | $146,571 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $300,551 |
| Net assets without donor restrictions | $4,414 |
| Net assets with donor restrictions | $5,696,254 |
| 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 | $6,001,219 |