The Los Angeles Chamber Orchestra Society Inc
- Assets
- $5.9m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 98
- Location
- Los Angeles, CA
- Founding
- 04/1969
- Data as of
- 06/2022
- EIN
- 23-7010825
Organization Overview
The Los Angeles Chamber Orchestra Society Inc is located in Los Angeles, CA. The organization was established in 1969. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Los Angeles Chamber Orchestra Society Inc employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Chamber Orchestra 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, Los Angeles Chamber Orchestra Society Inc generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $4.3m during the year ending 06/2022. While expenses have increased by 0.3% 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
ENRICH AND CONNECT OUR COMMUNITY THROUGH INTIMATE AND TRANSFORMATIVE MUSICAL EXPERIENCES
Describe the Organization's Program Activity:
Part 3 - Line 4a
FROM ITS INAUGURAL PERFORMANCES IN 1969 LED BY SIR NEVILLE MARRINER, LACO HAS BECOME KNOWN AS A FIRST-RATE INTERPRETER OF BAROQUE AND CLASSICAL REPERTOIRE AND A CHAMPION OF CONTEMPORARY COMPOSERS. PROCLAIMED "AMERICA'S FINEST CHAMBER ORCHESTRA: BY PUBLIC RADIO INTERNATIONAL, LACO REMAINS AMONG THE WORLD'S TOP MUSICAL ENSEMBLES. THE ORCHESTRA HAS MADE 32 RECORDINGS AND GARNERED EIGHT ASCAP AWARDS FOR ADVENTUROUS PROGRAMMING. IN THE COURSE OF 35-40 APPEARANCES EACH YEAR, LACO REACHES A TOTAL LIVE AUDIENCE OF APPROXIMATELY 25,000, WITH UPWARDS OF A MILLION MORE HEARING PERFORMANCES ON RADIO BROADCASTS NATIONWIDE (AND STREAMING WORLDWIDE). THE ORCHESTRA PURSUES ITS MISSION, "TO ENRICH AND CONNECT OUR COMMUNITY THROUGH INTIMATE AND TRANSFORMATIVE MUSICAL EXPERIENCES WHICH EXEMPLIFY AND FOSTER ARTISTIC EXCELLENCE, EDUCATION, AND INNOVATION," THROUGH A BLEND OF TRADITIONAL MASTERWORKS WITH THE MUSIC OF OUR OWN TIME, AS WELL AS INTERACTIVE SIGNATURE SERIES THAT INVITE LISTENERS TO EXPLORE THE GENESIS OF ORCHESTRAL MUSIC AND MUSIC'S RELATIONSHIP TO OTHER HUMAN ENDEAVORS.STARTING OVER 27 YEARS AGO, SCHOOL CHILDREN IN L.A. HAVE BEEN EMPOWERED TO LEARN ABOUT AND EXPERIENCE LIVE CLASSICAL MUSIC - AN ENRICHING EXPERIENCE THEY WILL CARRY FORWARD. WE HAVE EMBARKED ON A NEW ITERATION OF MEET THE MUSIC (MTM), THAT NOW INCLUDES COMPOSER TEACHING ARTIST FELLOWS AND PERFORMANCES RIGHT IN THE NEIGHBORHOOD SCHOOLS!IN RECENT YEARS, LACO HAS ALSO DISTRIBUTED ITSELF AS A CHAMPION OF DIVERSITY, EQUITY, AND INCLUSION AMONG AMERICAN ORCHESTRAS. IN ADDITION TO MTM, OTHER LACO INITIATIVES THAT SERVE CONSTITUENCIES OFTEN EXCLUDED FROM THE TRADITIONAL CLASSICAL MUSIC MILIEU INCLUDE: 1) COLLABORATION WITH COMMUNITY PARTNERS (DIVERSE SBOS IN ALL PARTS OF THE CITY); 2)ESTABLISHMENT OF THE L.A. ORCHESTRA FELLOWSHIP, ENGAGING YOUNG MUSICIANS FROM UNDERREPRESENTED COMMUNITIES, WHO PERFORM WITH AND ARE MENTORED BY PROFESSIONALS AND RECEIVE AUDITION TRAINING; 3) CONTINUING FOCUS ON WOMEN COMPOSERS AND COMPOSERS OF COLOR IN OUR COMMISSIONING PROCESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Cadwallader-Staub Executive Director | Officer | 40 | $212,205 |
Andrea Laguni General Manager/strategic Advisor | Officer | 40 | $103,155 |
Karin Burns Dir. Of Finance & Admin.(left 03/22) | Officer | 40 | $88,069 |
Leslie Lassiter Chair | OfficerTrustee | 20 | $0 |
Ruth L Eliel Vice Chair | OfficerTrustee | 20 | $0 |
Dana Newman Vice Chair | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $457,585 |
| Related organizations | $0 |
| Government grants | $1,338,964 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,092,617 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,889,166 |
| Total Program Service Revenue | $550,633 |
| Investment income | $245,886 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,235 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $46,247 |
| Net Income from Fundraising Events | -$90,441 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,655,008 |
| 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. | $408,678 |
| Compensation of current officers, directors, key employees. | $141,866 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,861,037 |
| Pension plan accruals and contributions | $17,235 |
| Other employee benefits | $213,094 |
| Payroll taxes | $144,084 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $112,083 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,843 |
| Fees for services: Other | $298,244 |
| Advertising and promotion | $151,537 |
| Office expenses | $229,021 |
| Information technology | $21,975 |
| Royalties | $12,620 |
| Occupancy | $94,288 |
| Travel | $146,046 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,662 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,873 |
| Insurance | $19,292 |
| All other expenses | $49,964 |
| Total functional expenses | $4,327,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,227,014 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $758,030 |
| Accounts receivable, net | $524,196 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,424 |
| Prepaid expenses and deferred charges | $57,412 |
| Net Land, buildings, and equipment | $47,533 |
| Investments—publicly traded securities | $3,236,679 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,068 |
| Total assets | $5,878,356 |
| Accounts payable and accrued expenses | $311,545 |
| Grants payable | $0 |
| Deferred revenue | $114,848 |
| 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 | $426,393 |
| Net assets without donor restrictions | $1,099,233 |
| Net assets with donor restrictions | $4,352,730 |
| 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 | $5,878,356 |