Melrose Orchestral Association
- Assets
- $232.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Melrose, MA
- Founding
- 10/1946
- Data as of
- 05/2022
- EIN
- 04-6112869
Organization Overview
Melrose Orchestral Association is located in Melrose, MA. The organization was established in 1946. 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. Melrose Orchestral Association 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, Melrose Orchestral Association generated $194.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $164.5k during the year ending 05/2022. While expenses have increased by 1.8% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Myron Dittmer Secretary | 1 | $0 | |
Deborah Walsh Treasurer | 15 | $0 | |
Katherine Radley President | 20 | $0 | |
Mary Ann Charlton Director | 1 | $0 | |
Joan Cassidy Co-Vice President | 1 | $0 | |
Richard Iascone Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $193,071 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,473 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $194,544 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $43,000 |
| Professional fees and other payments to independent contractors | $1,650 |
| Occupancy, rent, utilities, and maintenance | $12,366 |
| Printing, publications, postage, and shipping | $7,246 |
| Other expenses | $98,232 |
| Total expenses | $164,494 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $232,270 |
| Other assets | $0 |
| Total assets | $232,270 |
| Total liabilities | $770 |
| Net assets or fund balances | $231,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Melrose Orchestral Association has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Melrose Cooperative Bank Foundation Melrose, MA PURPOSE: GENERAL OPERATINGSUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Symphony Orchestra Inc Boston, MA | $745,262,219 | $89,872,398 |
Philharmonic-Symphony Society Of New York Inc New York, NY | $534,569,080 | $138,634,882 |
Buffalo Philharmonic Orchestra Society Inc Buffalo, NY | $15,185,404 | $13,394,584 |
Rochester Philharmonic Orchestra Inc Rochester, NY | $20,757,567 | $7,702,051 |
Rhode Island Philharmonic Orchestra & Music School East Providence, RI | $15,804,954 | $5,398,910 |
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 |
Hartford Symphony Orchestra Inc Hartford, CT | $12,831,218 | $4,378,736 |
Musical Associates Of Central New York Inc Syracuse, NY | $3,413,784 | $4,180,183 |
New Haven Symphony Orchestra Inc New Haven, CT | $4,780,690 | $3,191,138 |
Stamford Symphony Orchestra Inc Stamford, CT | $4,591,882 | $2,087,618 |