Bay-Atlantic Symphony
- Assets
- $228.9k
- Revenue
- $483.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Atlantic City, NJ
- Founding
- 06/1986
- Data as of
- 12/2021
- EIN
- 22-2668832
Organization Overview
Bay-Atlantic Symphony is located in Atlantic City, NJ. The organization was established in 1986. 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 12/2021, Bay-Atlantic Symphony employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay-Atlantic Symphony 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 12/2021, Bay-Atlantic Symphony generated $483.1k 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 (4.4%) each year. All expenses for the organization totaled $404.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.1%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION AND THE ENJOYMENT AND APPRECIATION OF SYMPHONIC AND CLASSICAL MUSIC IN THE SOUTHERN NEW JERSEY REGION THROUGH THE PRESENTATION OF CONCERTS AND RELATED EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FULFILLMENT OF THE ORGANIZATION'S PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Barr Secretary | OfficerTrustee | 1 | $0 |
Thomas Giegerich President | OfficerTrustee | 1 | $0 |
Robert Dragotta Vice Preside | OfficerTrustee | 1 | $0 |
Robert Woodruff Treasurer | OfficerTrustee | 1 | $0 |
Liz Parlette Butcher Member | Trustee | 1 | $0 |
Aaron Cohen Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $212,834 |
| All other contributions, gifts, grants, and similar amounts not included above | $165,229 |
| Noncash contributions included in lines 1a–1f | $46,666 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $378,063 |
| Total Program Service Revenue | $105,081 |
| Investment income | $0 |
| 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 | $483,144 |
| 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 | $134,986 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,754 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,841 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,620 |
| Advertising and promotion | $86,771 |
| Office expenses | $7,501 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,227 |
| Travel | $1,184 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,901 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $528 |
| Insurance | $766 |
| All other expenses | $7,365 |
| Total functional expenses | $404,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,923 |
| Savings and temporary cash investments | $39 |
| Pledges and grants receivable | $3,750 |
| Accounts receivable, net | $10,000 |
| 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 | $5,908 |
| Net Land, buildings, and equipment | $3,645 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $635 |
| Total assets | $228,900 |
| Accounts payable and accrued expenses | $467 |
| Grants payable | $0 |
| Deferred revenue | $39,797 |
| 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 | $52,222 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,435 |
| Total liabilities | $99,921 |
| Net assets without donor restrictions | $128,979 |
| 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 | $228,900 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Bay-Atlantic Symphony has recieved totaling $206,061.
| Awarding Organization | Amount |
|---|---|
Geraldine R Dodge Foundation Incorporated Morristown, NJ PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
Geraldine R Dodge Foundation Incorporated Morristown, NJ PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
Geraldine R Dodge Foundation Incorporated Morristown, NJ PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
Geraldine R Dodge Foundation Incorporated Morristown, NJ PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
Frank & Lydia Bergman Foundation Las Vegas, NV PURPOSE: GENERAL OPERATING | $15,000 |
Cilento Family Foundation Inc Avalon, NJ PURPOSE: SUPPORT CLASSICAL MUSIC EDUCATIONS | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philharmonic-Symphony Society Of New York Inc New York, NY | $534,569,080 | $138,634,882 |
Philadelphia Orchestra Association Philadelphia, PA | $211,538,479 | $41,118,272 |
Pittsburgh Symphony Inc Pittsburgh, PA | $194,466,393 | $30,739,984 |
New Jersey Symphony Orchestra Newark, NJ | $12,634,412 | $12,910,552 |
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 |
Orpheus Chamber Orchestra Inc New York, NY | $1,908,737 | $3,345,104 |
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 |
Allentown Symphony Association Inc Allentown, PA | $15,521,853 | $2,408,487 |
Albany Symphony Orchestra Inc Albany, NY | $12,413,747 | $2,273,007 |
Philadelphia Youth Orchestra Philadelphia, PA | $1,696,190 | $1,961,434 |