Norwalk Symphony Society
- Assets
- $270.7k
- Revenue
- $537.5k
- Investments
- $0.0
- Employees
- 157
- Location
- Norwalk, CT
- Founding
- 08/1957
- Data as of
- 06/2022
- EIN
- 06-0860604
Organization Overview
Norwalk Symphony Society is located in Norwalk, CT. The organization was established in 1957. 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 06/2022, Norwalk Symphony Society employed 157 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norwalk Symphony Society 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 06/2022, Norwalk Symphony Society generated $537.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $496.9k during the year ending 06/2022. While expenses have increased by 12.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SHARE THE BEAUTY AND POWER OF ORCHESTRAL MUSIC WITH AUDIENCES OF ALL AGES THROUGH LIVE PERFORMANCES AND MUSIC EDUCATION PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERIES OF CONCERTS FEATURING TRADITIONAL AND CONTEMPORARY WORKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Bell President | OfficerTrustee | 0 | $0 |
Louis Broudy Vice President | OfficerTrustee | 0 | $0 |
Libby Mucci Secretary | OfficerTrustee | 0 | $0 |
Eric Freeman Treasurer | OfficerTrustee | 0 | $0 |
Charles Johnson Vice President | OfficerTrustee | 0 | $0 |
Richard Beyman Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $168,267 |
| All other contributions, gifts, grants, and similar amounts not included above | $223,676 |
| Noncash contributions included in lines 1a–1f | $38,842 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $391,943 |
| Total Program Service Revenue | $144,707 |
| Investment income | $801 |
| 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 | $537,451 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $303,340 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,310 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $31,176 |
| Office expenses | $2,992 |
| Information technology | $828 |
| Royalties | $0 |
| Occupancy | $37,410 |
| Travel | $2,527 |
| 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 | $3,000 |
| Insurance | $5,871 |
| All other expenses | $7,258 |
| Total functional expenses | $496,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,389 |
| Savings and temporary cash investments | $62,854 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,800 |
| 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 | $9,000 |
| Investments—publicly traded securities | $145,703 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $270,746 |
| Accounts payable and accrued expenses | $2,443 |
| Grants payable | $0 |
| Deferred revenue | $19,716 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $22,159 |
| Net assets without donor restrictions | $41,868 |
| Net assets with donor restrictions | $206,719 |
| 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 | $270,746 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Norwalk Symphony Society has recieved totaling $28,513.
| Awarding Organization | Amount |
|---|---|
Scripps Family Fund For Education And The Arts Ft Mitchell, KY PURPOSE: PILOT ORCHESTRAL EDUCATION PROGRAM FOR UNDERSERVED MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS | $20,486 |
Bucks Creek Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $3,500 |
Young Mens Christian Assn Westport Westport, CT PURPOSE: The Bedford Family Social Responsibility Fund supports organizations that provide direct or supplemental educational opportunities. | $2,500 |
Elizabeth Raymond Ambler Tr Wilton, CT PURPOSE: (NOT) JUST FOR KIDS - PROGRAMS FOR 3-10 YEAR OLDS | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Endowment Analysis
| Beg. Balance | $264,748 |
| Earnings | -$4,883 |
| Admin Expense | $1,011 |
| Net Contributions | $5,500 |
| Grants | $4,513 |
| Ending Balance | $259,841 |
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 |