Hartford Symphony Orchestra Inc
- Assets
- $12.8m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 163
- Location
- Hartford, CT
- Founding
- 12/1949
- Data as of
- 08/2021
- EIN
- 06-0637319
Organization Overview
Hartford Symphony Orchestra Inc is located in Hartford, CT. The organization was established in 1949. 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 08/2021, Hartford Symphony Orchestra Inc employed 163 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hartford 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 08/2021, Hartford Symphony Orchestra Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $2.8m during the year ending 08/2021. 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
TO ENRICH LIVES AND COMMUNITY THROUGH GREAT MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED 18 CONCERTS AND 29 EDUCATIONAL AND OUTREACH PROGRAMS, REACHING AN AUDIENCE OF ABOUT 18,679 PEOPLE.
PROVIDED 18 CONCERTS AND 29 EDUCATIONAL AND OUTREACH PROGRAMS, REACHING AN AUDIENCE OF ABOUT 18,679 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen H Collins Executive Di | Officer | 40 | $136,189 |
Bruce Barth ESQ Chair - Fina | OfficerTrustee | 1 | $0 |
Suzanne Bourdeaux Chair- Marke | OfficerTrustee | 1 | $0 |
Pamela Lucas Chair- Educa | OfficerTrustee | 1 | $0 |
Matthew H Lynch Chair - Inve | OfficerTrustee | 1 | $0 |
Mark Hayes Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $305,833 |
| Related organizations | $0 |
| Government grants | $1,274,464 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,239,402 |
| Noncash contributions included in lines 1a–1f | $55,991 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,819,699 |
| Total Program Service Revenue | $305,379 |
| Investment income | $152,461 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $101,197 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,378,736 |
| 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. | $136,189 |
| Compensation of current officers, directors, key employees. | $81,713 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,244,189 |
| Pension plan accruals and contributions | $72,742 |
| Other employee benefits | $96,298 |
| Payroll taxes | $173,485 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,274 |
| Fees for services: Accounting | $25,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $58,520 |
| Fees for services: Investment Management | $38,068 |
| Fees for services: Other | $0 |
| Advertising and promotion | $78,938 |
| Office expenses | $96,252 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $290,721 |
| Travel | $20,959 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $61,451 |
| All other expenses | $21,725 |
| Total functional expenses | $2,827,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,844,965 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,081,370 |
| Accounts receivable, net | $216,521 |
| 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 | $17,639 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,670,723 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,831,218 |
| Accounts payable and accrued expenses | $443,207 |
| Grants payable | $0 |
| Deferred revenue | $662,406 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $516,692 |
| Other liabilities | $0 |
| Total liabilities | $1,622,305 |
| Net assets without donor restrictions | $2,511,807 |
| Net assets with donor restrictions | $8,697,106 |
| 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 | $12,831,218 |
Grants Recieved
Over the last fiscal year, we have identified 30 grants that Hartford Symphony Orchestra Inc has recieved totaling $868,576.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $212,507 |
Elizabeth M Landon And Harriette M Landon Charitable Foundation Hartford, CT PURPOSE: GENERAL CHARITABLE PURPOSES | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $89,900 |
Hartford Foundation For Public Giving Hartford, CT PURPOSE: ARTS AND CULTURE | $76,266 |
Hartford Foundation For Public Giving Hartford, CT PURPOSE: ARTS AND CULTURE | $55,000 |
Eversource Energy Foundation Inc Hartford, CT PURPOSE: SUPPORT FOR THE HARTFORD SYMPHONY ORCHESTRA | $50,000 |
Endowment Analysis
| Beg. Balance | $7,613,499 |
| Earnings | $1,318,908 |
| Admin Expense | $38,068 |
| Net Contributions | $377,421 |
| Other Expense | $262,249 |
| Ending Balance | $9,009,511 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Albany Symphony Orchestra Inc Albany, NY | $12,413,747 | $2,273,007 |
Empire State Youth Orchestra Scotia, NY | $2,045,485 | $1,515,051 |