Ridgefield Symphony Orchestra Inc
- Assets
- $357.3k
- Revenue
- $365.8k
- Investments
- $0.0
- Employees
- 102
- Location
- Ridgefield, CT
- Founding
- 10/1967
- Data as of
- 06/2024
- 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 06/2024, Ridgefield Symphony Orchestra Inc employed 102 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 06/2024, Ridgefield Symphony Orchestra Inc generated $365.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $420.0k during the year ending 06/2024. While expenses have increased by 23.9% per year over the past 4 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
2024
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 | $60,000 |
Jeanette Horan President | Trustee | 2 | $0 |
Svitlana Afanasieva Director | Trustee | 2 | $0 |
Videen Bennett Director | Trustee | 2 | $0 |
Lori Berisford Director | Trustee | 2 | $0 |
Sarah Fox Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,200 |
| Related organizations | $0 |
| Government grants | $13,018 |
| All other contributions, gifts, grants, and similar amounts not included above | $237,381 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $252,599 |
| Total Program Service Revenue | $90,587 |
| Investment income | $3,791 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,857 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $365,834 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $12,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $232,533 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,076 |
| Payroll taxes | $20,602 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $543 |
| Fees for services: Other | $2,050 |
| Advertising and promotion | $10,322 |
| Office expenses | $0 |
| Information technology | $3,977 |
| Royalties | $0 |
| Occupancy | $16,693 |
| 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 | $7,841 |
| All other expenses | $0 |
| Total functional expenses | $419,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,779 |
| Savings and temporary cash investments | $3,626 |
| 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 | $12,153 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $153,137 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $132,568 |
| Total assets | $357,263 |
| Accounts payable and accrued expenses | $3,600 |
| Grants payable | $0 |
| Deferred revenue | $85,524 |
| 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 | $134,790 |
| Total liabilities | $223,914 |
| Net assets without donor restrictions | $133,349 |
| 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 | $357,263 |