Penfield Symphony Orchestra Inc
- Assets
- $466.0k
- Revenue
- $146.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Penfield, NY
- Founding
- 09/1984
- Data as of
- 06/2021
- EIN
- 22-2517865
Organization Overview
Penfield Symphony Orchestra Inc is located in Penfield, NY. The organization was established in 1984. 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 06/2021, Penfield Symphony Orchestra Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penfield 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 06/2021, Penfield Symphony Orchestra Inc generated $146.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $16.2k during the year ending 06/2021. 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
THE MISSION OF THE PSO IS TO PERFORM AND PROMOTE LIVE SYMPHONIC MUSIC FOR PENFIELD AND THE GREATER ROCHESTER COMMUNITY AND TO PROVIDE AN OPPORTUNITY FOR HIGHLY QUALIFIED DEDICATED MUSICIANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUR ORCHESTRAL MUSIC PROGRAMS WERE CANCELLED DUE TO COVID-19 PANDEMIC..
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dianne Stengel Operations Mgr | Officer | 20 | $16,592 |
David Harman Music Director | Officer | 7 | $6,599 |
William Hunt Concertmaster | Officer | 4 | $2,656 |
Alan Lowne Co-President | OfficerTrustee | 4 | $0 |
Beverly Voos Director | OfficerTrustee | 2 | $0 |
David Mear Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,475 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,475 |
| Total Program Service Revenue | $0 |
| Investment income | $6,889 |
| 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 | $146,756 |
| 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. | $5,712 |
| Compensation of current officers, directors, key employees. | $5,712 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $437 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $125 |
| Office expenses | $4,368 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,160 |
| 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 | $89 |
| Insurance | $3,329 |
| All other expenses | $0 |
| Total functional expenses | $16,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,142 |
| Savings and temporary cash investments | $0 |
| 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 | $275 |
| Net Land, buildings, and equipment | $2,911 |
| Investments—publicly traded securities | $452,679 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $466,007 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $3,928 |
| 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 | $3,928 |
| Net assets without donor restrictions | $311,975 |
| Net assets with donor restrictions | $150,104 |
| 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 | $466,007 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Penfield Symphony Orchestra Inc has recieved totaling $8,615.
| Awarding Organization | Amount |
|---|---|
Max And Marian Farash Charitable Foundation Rochester, NY PURPOSE: CHARITABLE PURPOSE | $8,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $115 |
Endowment Analysis
| Beg. Balance | $335,698 |
| Earnings | $99,280 |
| Admin Expense | $7,840 |
| Net Contributions | $27,701 |
| Other Expense | $2,160 |
| Ending Balance | $452,679 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rochester Philharmonic Orchestra Inc Rochester, NY | $20,757,567 | $7,702,051 |
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 |
Harrisburg Symphony Association Harrisburg, PA | $13,261,535 | $3,046,479 |
New Haven Symphony Orchestra Inc New Haven, CT | $4,780,690 | $3,191,138 |
Allentown Symphony Association Inc Allentown, PA | $15,521,853 | $2,408,487 |
Stamford Symphony Orchestra Inc Stamford, CT | $4,591,882 | $2,087,618 |
Albany Symphony Orchestra Inc Albany, NY | $12,413,747 | $2,273,007 |
Philadelphia Youth Orchestra Philadelphia, PA | $1,696,190 | $1,961,434 |