Ridgefield Symphony Orchestra Inc
- Assets
- $366.8k
- Revenue
- $396.5k
- Investments
- $0.0
- Employees
- 68
- Location
- Ridgefield, CT
- Founding
- 10/1967
- Data as of
- 06/2022
- EIN
- 06-6098657
Organization Overview
Ridgefield Symphony Orchestra Inc is located in Ridgefield, CT. The organization was established in 1967. 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, Ridgefield Symphony Orchestra Inc employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ridgefield 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, Ridgefield Symphony Orchestra Inc generated $396.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $406.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE THE LEVEL OF CULTURAL APPRECIATION FOR CLASSICAL ORCHESTRAL MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCREASE APPRECIATION FOR CLASSICAL ORCHESTRAL MUSIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Kenagy Executive Director | Officer | 40 | $50,000 |
Richard Vazzana President And Director | OfficerTrustee | 6 | $0 |
Christopher Bennett Secretary And Director | OfficerTrustee | 4 | $0 |
Jeanette Horan Vice President And Director | OfficerTrustee | 6 | $0 |
Armel Kouassi Treasurer And Director | OfficerTrustee | 5 | $0 |
Svitlana Afanasieva Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,650 |
| Related organizations | $0 |
| Government grants | $70,129 |
| All other contributions, gifts, grants, and similar amounts not included above | $235,293 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $320,072 |
| Total Program Service Revenue | $68,557 |
| Investment income | $5,901 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,975 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $396,505 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $10,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $215,912 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,880 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $578 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,887 |
| Office expenses | $0 |
| Information technology | $4,985 |
| Royalties | $0 |
| Occupancy | $16,260 |
| 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 | $0 |
| Insurance | $8,408 |
| All other expenses | $0 |
| Total functional expenses | $406,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,067 |
| Savings and temporary cash investments | $28,595 |
| 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 | $7,887 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $126,753 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $148,533 |
| Total assets | $366,835 |
| Accounts payable and accrued expenses | $2,641 |
| Grants payable | $0 |
| Deferred revenue | $18,097 |
| 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 | $148,745 |
| Total liabilities | $169,483 |
| Net assets without donor restrictions | $197,352 |
| Net assets with donor restrictions | $0 |
| 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 | $366,835 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Ridgefield Symphony Orchestra Inc has recieved totaling $14,772.
| Awarding Organization | Amount |
|---|---|
Ridgefield Thrift Shop Inc Ridgefield, CT PURPOSE: GENERAL SUPPORT | $7,500 |
3 Bs Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $3,985 |
Frances Demrick Charitable Tr Las Vegas, NV PURPOSE: GENERAL OPERATING | $2,254 |
Goldstone Family Foundation Ridgefield, CT PURPOSE: GENERAL USE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $33 |
Endowment Analysis
| Beg. Balance | $181,019 |
| Earnings | $8,708 |
| Other Expense | $12,775 |
| Ending Balance | $176,952 |
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 |