Altoona Symphony Society Inc
- Assets
- $753.6k
- Revenue
- $373.8k
- Investments
- $557.0k
- Employees
- 5
- Location
- Altoona, PA
- Founding
- 03/1976
- Data as of
- 06/2022
- EIN
- 23-1513718
Organization Overview
Altoona Symphony Society Inc is located in Altoona, PA. The organization was established in 1976. 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, Altoona Symphony Society Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Altoona Symphony Society 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, Altoona Symphony Society Inc generated $373.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $319.4k during the year ending 06/2022. While expenses have increased by 2.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE CONCERTS FOR THE PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONCERTS ARE PROVIDED FOR SUBSCRIBERS AND THE GENERAL PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr C David Kimmel President | OfficerTrustee | 5 | $0 |
Ms Charlotte Mcconn Treasurer | OfficerTrustee | 5 | $0 |
Mrs Jessica White Secretary | OfficerTrustee | 5 | $0 |
Mr George Sackandy Vice President | OfficerTrustee | 2 | $0 |
Ms Virginia Anslinger Assistant Secretary | Trustee | 2 | $0 |
Mrs Jean Ofiesh Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,293 |
| All other contributions, gifts, grants, and similar amounts not included above | $228,498 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $262,791 |
| Total Program Service Revenue | $70,835 |
| Investment income | $27,923 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,259 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $373,808 |
| 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 | $61,332 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,888 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,976 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,229 |
| Office expenses | $2,941 |
| Information technology | $5,064 |
| Royalties | $0 |
| Occupancy | $6,165 |
| 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 | $830 |
| Insurance | $5,027 |
| All other expenses | $957 |
| Total functional expenses | $319,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $193,869 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,722 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $556,959 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $753,550 |
| Accounts payable and accrued expenses | $469 |
| Grants payable | $0 |
| Deferred revenue | $79,756 |
| 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 | $80,225 |
| Net assets without donor restrictions | $541,356 |
| Net assets with donor restrictions | $131,969 |
| 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 | $753,550 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Altoona Symphony Society Inc has recieved totaling $28.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $28 |
Endowment Analysis
| Beg. Balance | $108,500 |
| Ending Balance | $108,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philharmonic-Symphony Society Of New York Inc New York, NY | $534,569,080 | $138,634,882 |
The Musical Arts Association Cleveland, OH | $284,635,926 | $54,210,898 |
Cincinnati Symphony Orchestra Cincinnati, OH | $298,354,425 | $55,153,223 |
Philadelphia Orchestra Association Philadelphia, PA | $211,538,479 | $41,118,272 |
Pittsburgh Symphony Inc Pittsburgh, PA | $194,466,393 | $30,739,984 |
Baltimore Symphony Orchestra Inc Baltimore, MD | $16,033,795 | $20,177,740 |
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 |
Columbus Symphony Orchestra Inc Columbus, OH | $23,849,025 | $7,378,126 |
Rochester Philharmonic Orchestra Inc Rochester, NY | $20,757,567 | $7,702,051 |
Dayton Performing Arts Alliance Dayton, OH | $10,536,333 | $6,130,805 |
National Philharmonic Orchestra & Chorale Of Mongomery County Inc North Bethesda, MD | $1,849,727 | $2,888,620 |