Cape Ann Symphony Orchestra Inc
- Assets
- $213.7k
- Revenue
- $97.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Gloucester, MA
- Founding
- 07/1968
- Data as of
- 06/2021
- EIN
- 04-6191403
Organization Overview
Cape Ann Symphony Orchestra Inc is located in Gloucester, MA. The organization was established in 1968. 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 06/2021, Cape Ann Symphony Orchestra Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cape Ann 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 06/2021, Cape Ann Symphony Orchestra Inc generated $97.2k 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 (13.0%) each year. All expenses for the organization totaled $116.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOSTERS AND PROMOTES THE ENJOYMENT AND KNOWLEDGE OF SYMPHONIC MUSIC THROUHGOUT THE CAPE ANN AREA AND THE GREATER BOSTON NORTH SHORE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMANCE OF CONCERTS FOR THE GREATER BOSTON NORTH SHORE COMMUNITY, THE SYMPHONY ORCHESTRA ACCOMPLISHES ITS STATED MISSION TO FOSTER KNOWLEDGE AND APPRECIATION FOR SYMPHONIC MUSIC.
PERFORMANCE OF CONCERTS FOR THE GREATER BOSTON NORTH SHORE COMMUNITY, THE SYMPHONY ORCHESTRA ACCOMPLISHES ITS STATED MISSION TO FOSTER KNOWLEDGE AND APPRECIATION FOR SYMPHONIC MUSIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Mannle Treasurer | OfficerTrustee | 1 | $0 |
Fran White President | OfficerTrustee | 1 | $0 |
John Bjorlie Secretary | OfficerTrustee | 1 | $0 |
Henry Betts Director | Trustee | 1 | $0 |
Robert Ellis Director | Trustee | 1 | $0 |
Richard Einhorn Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,110 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,022 |
| Noncash contributions included in lines 1a–1f | $3,096 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,132 |
| Total Program Service Revenue | $13,409 |
| Investment income | $1,967 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,737 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $97,245 |
| 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. | $23,542 |
| Compensation of current officers, directors, key employees. | $11,771 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,914 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $497 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,132 |
| Office expenses | $4,621 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $450 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,047 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,816 |
| All other expenses | $1,752 |
| Total functional expenses | $115,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,266 |
| 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 | $106,458 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $213,724 |
| Accounts payable and accrued expenses | $4,080 |
| 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 | $160,412 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $164,492 |
| Net assets without donor restrictions | -$57,226 |
| Net assets with donor restrictions | $106,458 |
| 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 | $213,724 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Cape Ann Symphony Orchestra Inc has recieved totaling $13,100.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: FOR GRANT RECIPIENT'S EXEMPT PURPOSES | $5,600 |
Boston Foundation Inc Boston, MA PURPOSE: Operating Support | $5,500 |
Boston Foundation Inc Boston, MA PURPOSE: Annual Fund | $2,000 |
Endowment Analysis
| Beg. Balance | $94,457 |
| Earnings | $12,498 |
| Admin Expense | $497 |
| Ending Balance | $106,458 |
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 |