Waterbury Symphony Orchestra Inc
- Assets
- $3.1m
- Revenue
- $1.2m
- Investments
- $2.8m
- Employees
- 6
- Location
- Watertown, CT
- Founding
- 07/1952
- Data as of
- 06/2022
- EIN
- 06-6090876
Organization Overview
Waterbury Symphony Orchestra Inc is located in Watertown, CT. The organization was established in 1952. 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, Waterbury Symphony Orchestra Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterbury 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 06/2022, Waterbury Symphony Orchestra Inc generated $1.2m 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 $904.8k during the year ending 06/2022. 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
SYMPHONY CONCERTS AND EDUCATION PROGRAMS IN THE GREATER WTBY. AREA AND SURROUNDING REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SYMPHONY CONCERTS AND EDUCATIONAL PROGRAMS IN THE GREATER WATERBURY AREA AND SURROUNDING REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Kiely Treasurer | OfficerTrustee | 4 | $0 |
Kim Welch Past Chair | Officer | 6 | $0 |
Don Fiftal Board Chair | Officer | 8 | $0 |
Dr James Chittum Education Chair | Trustee | 4 | $0 |
Matthew Krumholtz Board Of Directors | Trustee | 2 | $0 |
Kenneth Blazier Board Of Directors | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $564,467 |
| All other contributions, gifts, grants, and similar amounts not included above | $340,656 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $905,123 |
| Total Program Service Revenue | $124,344 |
| Investment income | $96,181 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,518 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,156,070 |
| 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 | $181,225 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,216 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,308 |
| Fees for services: Accounting | $32,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,686 |
| Advertising and promotion | $17,983 |
| Office expenses | $22,082 |
| Information technology | $8,416 |
| Royalties | $0 |
| Occupancy | $14,182 |
| Travel | $0 |
| 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 | $2,615 |
| Insurance | $5,755 |
| All other expenses | $67,307 |
| Total functional expenses | $904,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,436 |
| Savings and temporary cash investments | $30,066 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,234 |
| 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 | $6,780 |
| Net Land, buildings, and equipment | $15,862 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,825,184 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,077,562 |
| Accounts payable and accrued expenses | $12,598 |
| Grants payable | $0 |
| Deferred revenue | $12,145 |
| 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 | $24,743 |
| Net assets without donor restrictions | $317,502 |
| Net assets with donor restrictions | $2,735,317 |
| 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 | $3,077,562 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Waterbury Symphony Orchestra Inc has recieved totaling $145,271.
| Awarding Organization | Amount |
|---|---|
Connecticut Community Foundation Inc Waterbury, CT PURPOSE: GIVE LOCAL 2021; SYMPHONY'S EDUCATIONAL MISSION; TO PROVIDE COMPENSATION FOR MUSICIANS AND GUEST ARTISTS; COMPENSATION OF THE CONDUCTOR; 2021 COMMUNITY JAZZ PROGRAM; BRAVO WATERBURY SUMMER SESSION 2021 | $140,710 |
Savings Bank Of Danbury Foundation Inc Danbury, CT PURPOSE: EXEMPT PURPOSES | $2,144 |
Savings Bank Of Danbury Foundation Inc Danbury, CT PURPOSE: EXEMPT PURPOSES | $2,144 |
Ion Bank Foundation Inc Naugatuck, CT PURPOSE: COMMUNITY AWARDS 2021 | $225 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $48 |
Endowment Analysis
| Beg. Balance | $3,086,178 |
| Earnings | -$338,646 |
| Net Contributions | $200,000 |
| Other Expense | $122,348 |
| Ending Balance | $2,825,184 |
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 |