Springfield Symphony Orchestra

Organization Overview

Springfield Symphony Orchestra is located in Springfield, MA. The organization was established in 1945. 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 05/2022, Springfield Symphony Orchestra employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springfield 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 05/2022, Springfield Symphony Orchestra generated $1.2m 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 (5.9%) each year. All expenses for the organization totaled $1.1m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO MAINTAIN AND DEVELOP A PROFESSIONAL SYMPHONY ORCHESTRA THAT PRODUCES PERFORMANCES OF HIGH ARTISTIC QUALITY THAT EDUCATE AND ENTERTAIN AUDIENCES OF ALL AGES, OPERATE A VOLUNTEER CHORUS, AND PROVIDE MUSICAL PERFORMAN

Describe the Organization's Program Activity:

Part 3 - Line 4a

SSO PRESENTS PROGRAMS OF CLASSICAL AND POPULAR MUSIC IN-SCHOOL EDUCATIONAL PRESENTATIONS, YOUTH CONCERTS FOR ELEMENTARY STUDENTS SPONSORS YOUTH ORCHESTRA AND INSTRUMENT PETTING ZOO AND VOLUNTEER CHORUS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Proskauer Rose Llp
Legal Services
$131,916
Sullivan Hayes & Quinn Llc
Legal Services
$156,408
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$77
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$977,477
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$977,554
Total Program Service Revenue$69,659
Investment income $138,865
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,188,178

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Springfield Symphony Orchestra has recieved totaling $51,792.

Awarding OrganizationAmount
Community Foundation Of Western Massachusetts

Springfield, MA

PURPOSE: ARTS & CULTURE

$45,510
Beveridge Family Foundation Inc

West Newbury, MA

PURPOSE: 2021 QUALIFIED DISCRETIONARY DISTRIBUTION

$5,000
Milton Hart Foundation Inc

Boca Raton, FL

PURPOSE: GENERAL USE

$1,250
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$32
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$7,548,232
Earnings-$492,084
Other Expense$297,511
Ending Balance$6,758,637

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