Friends Of Summit Symphony Inc
- Assets
- $30.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Summit, NJ
- Founding
- 02/1996
- Data as of
- 08/2022
- EIN
- 22-3395854
Organization Overview
Friends Of Summit Symphony Inc is located in Summit, NJ. The organization was established in 1996. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Summit Symphony 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 08/2022, Friends Of Summit Symphony Inc generated $31.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $29.5k during the year ending 08/2022. While expenses have increased by 8.9% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE SUMMIT SYMPHONY PERFORMED THREE FREE CONCERTS IN THE 2021-2022 SEASON. FRIENDS OF SUMMIT SYMPHONY INC TRANSFERRED $10,000 TO THE SYMPHONY FOR THE FIRST CONCERT OF THE SEASON IN DECEMBER 2021. EFFECTIVE IN JANUARY OF 2022, FRIENDS OF SUMMIT SYMPHONY TOOK OVER THE ORCHESTRA'S OPERATION AND DIRECTLY PAID THE EXPENSES ASSOCIATED WITH CONCERTS IN MARCH AND MAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Rath Secretary | 1 | $0 | |
James Dykema Treasurer | 2 | $0 | |
Claire Caponigro Vice President | 1 | $0 | |
Alane Gruber President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,969 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,710 |
| Other Revenue | $10,281 |
| Total Revenue | $30,960 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $16,000 |
| Occupancy, rent, utilities, and maintenance | $2,390 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,087 |
| Total expenses | $29,477 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,816 |
| Other assets | $0 |
| Total assets | $30,816 |
| Total liabilities | $0 |
| Net assets or fund balances | $30,816 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of Summit Symphony Inc has recieved totaling $5,050.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: FOR GRANT RECIPIENT'S EXEMPT PURPOSES | $5,050 |
Peer Organizations
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|---|---|---|
United Way Of The Capital Region Enola, PA | $30,416,646 | $10,642,115 |
United Way Of Northern New Jersey Inc Cedar Knolls, NJ | $17,018,206 | $10,490,738 |
United Way Of Westchester And Putnam Inc White Plains, NY | $5,306,671 | $10,280,091 |
Mosaic & Terrazzo Welfare Fund Long Island City, NY | $7,395,380 | $7,617,875 |
Major League Baseball Charities Inc New York, NY | $2,315,439 | $9,095,032 |
United Way Of Wyoming Valley Wilkes Barre, PA | $25,303,702 | $9,071,760 |
Federation Of Protestant Welfare Agencies Inc New York, NY | $89,939,475 | $9,007,528 |
United Way Of Essex And West Hudson Newark, NJ | $9,335,896 | $5,246,649 |
United Way Of Bucks County Fairless Hills, PA | $4,389,093 | $6,298,784 |
Jewish Federation Of Delaware Inc Wilmington, DE | $42,196,802 | $6,101,660 |
United Way Of York County York, PA | $9,025,540 | $6,401,569 |
Boys Town Jerusalem Foundation Of America Inc New York, NY | $28,802,427 | $5,373,817 |