Vermont Philharmonic Inc
- Assets
- $65.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Montpelier, VT
- Founding
- 07/1960
- Data as of
- 08/2021
- EIN
- 03-6010091
Organization Overview
Vermont Philharmonic Inc is located in Montpelier, VT. The organization was established in 1960. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Philharmonic 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 08/2021, Vermont Philharmonic Inc generated $31.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $25.8k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (13.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE VERMONT PHILHARMONIC DID NOT PERFORM ANY LIVE CONCERTS OR ONLINE ORCHESTRAL PRESENTATIONS FROM SEPT. 1, 2020 TO AUGUST 31, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Read President | 5 | $0 | |
Peter Waldman Secretary | 3 | $0 | |
David Dudey Director | 1 | $0 | |
Caroline Youngblood Treasurer | 2 | $0 | |
Marta Cambra Director | 1 | $0 | |
Polly Mcmurtry Orchestra Representative | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,228 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $31,228 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $7,464 |
| Professional fees and other payments to independent contractors | $13,470 |
| Occupancy, rent, utilities, and maintenance | $220 |
| Printing, publications, postage, and shipping | $134 |
| Other expenses | $4,490 |
| Total expenses | $25,778 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,977 |
| Other assets | $0 |
| Total assets | $65,834 |
| Total liabilities | $0 |
| Net assets or fund balances | $65,834 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Vermont Philharmonic Inc has recieved totaling $3,168.
| Awarding Organization | Amount |
|---|---|
Lamson Howell Foundation Inc Randolph, VT PURPOSE: PROGRAM SUPPORT | $3,000 |
Ada Brandon Charitable Foundation Inc Randolph Ctr, VT PURPOSE: PROGRAM SUPPORT | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $68 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rochester Philharmonic Orchestra Inc Rochester, NY | $20,757,567 | $7,702,051 |
Cape Arts & Entertainment Inc West Barnstable, MA | $10,466,895 | $5,101,262 |
Orpheus Chamber Orchestra Inc New York, NY | $1,908,737 | $3,345,104 |
Boston Youth Symphony Orchestra Inc Boston, MA | $8,731,148 | $5,999,512 |
Musical Associates Of Central New York Inc Syracuse, NY | $3,413,784 | $4,180,183 |
Albany Symphony Orchestra Inc Albany, NY | $12,413,747 | $2,273,007 |
Vermont Symphony Orchestra Inc Burlington, VT | $6,301,057 | $2,290,759 |
Empire State Youth Orchestra Scotia, NY | $2,045,485 | $1,515,051 |
New Bedford Symphony Orchestra Association Inc New Bedford, MA | $4,865,407 | $2,823,621 |
New York Youth Symphony Inc New York, NY | $7,744,082 | $1,961,364 |
Plymouth Philharmonic Orchestra Inc Plymouth, MA | $1,084,927 | $1,591,741 |
New York Pops Inc New York, NY | $1,160,950 | $1,377,903 |