West Valley Symphony Association
- Assets
- $1.9m
- Revenue
- $527.7k
- Investments
- $0.0
- Employees
- 93
- Location
- Surprise, AZ
- Founding
- 10/1969
- Data as of
- 06/2022
- EIN
- 23-7041526
Organization Overview
West Valley Symphony Association is located in Surprise, AZ. The organization was established in 1969. According to its NTEE Classification (A19) the organization is classified as: Support N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, West Valley Symphony Association employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Valley Symphony Association 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, West Valley Symphony Association generated $527.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $397.6k during the year ending 06/2022. While expenses have increased by 3.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT A SYMPHONY ORCHESTRA IN SURPRISE AND SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION IN THE SYMPHONIC AND MUSICAL ARTS IN SURPRISE AND THE SURROUNDING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louisa Kellam Vice Preside | Officer | 2 | $0 |
Barbara Lashmet Director | Trustee | 2 | $0 |
Anne Levig Secretary | Officer | 2 | $0 |
Edwin Williamson Treasurer | Officer | 2 | $0 |
Claudia Vasquez Director | Trustee | 2 | $0 |
Terry Hayes Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $513,248 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $513,248 |
| Total Program Service Revenue | $130,605 |
| Investment income | $3,244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$119,432 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $527,665 |
| 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 | $145,693 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,615 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,969 |
| Fees for services: Accounting | $8,364 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,687 |
| Office expenses | $11,370 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,774 |
| Travel | $937 |
| 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 | $338 |
| Insurance | $6,200 |
| All other expenses | $41,503 |
| Total functional expenses | $397,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,081 |
| Savings and temporary cash investments | $203,385 |
| 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 | $1,000 |
| Net Land, buildings, and equipment | $169 |
| Investments—publicly traded securities | $1,435,787 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $172,640 |
| Total assets | $1,889,062 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $12,332 |
| 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 | $12,332 |
| Net assets without donor restrictions | $1,703,091 |
| Net assets with donor restrictions | $173,639 |
| 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 | $1,889,062 |