Yavapai Symphony Association Inc
- Assets
- $617.6k
- Revenue
- $251.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Prescott, AZ
- Founding
- 12/1970
- Data as of
- 06/2022
- EIN
- 23-7087588
Organization Overview
Yavapai Symphony Association Inc is located in Prescott, AZ. The organization was established in 1970. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yavapai Symphony Association 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, Yavapai Symphony Association Inc generated $251.9k 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 (5.3%) each year. All expenses for the organization totaled $204.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.0%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CULTURAL/EDUCATIONAL PRESENTATION OF LIVE PERFORMANCES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLASSICAL MUSICAL PERFORMANCES BY THE PHOENIX SYMPHONY ORCHESTRA BROUGHT TO PRESCOTT, ARIZONA. OVER 3,000 RESIDENTS ATTENDED CONCERTS IN THIS RURAL AREA AT A COST CONSIDERABLY LESS THAN THOSE PRESENTED IN PHOENIX, ARIZONA (LOCATED 100 MILES AWAY). THE ORGANIZATION ALSO PROVIDES COMPLIMENTARY TICKETS TO 1 CHILD (IN ELEMENTARY, MIDDLE OR HIGH SCHOOL) AND 1 PARENT FOR EACH CONCERT AS A COMMUNITY SERVICE TO EXPOSE CHILDERN TO THE PROFESSIONAL ARTS. THIS PROGRAM PROVIDED OVER $5,028 OF COMPLIMENTARY TICKETS DURING THE CURRENT FICSCAL YEAR.
MUSIC SCHOLARSHIP AWARD PROJECT GIVEN EACH YEAR TO YAVAPAI COUNTY RESIDENTS WHO ARE MAJORING IN MUSIC AT ACCREDITED CONSERVATORIES, COLLEGES AND UNIVERSITIES FUNDED FROM THE ANNUAL ACCUMULATED EARNINGS FROM THE ENDOWMENT FUND OF THE YAVAPAI SYMPHONY ASSOCIATION, SCHOLARSHIP GRANTS, DC COMICS ROYALTIES, AND PATRON SCHOLARSHIP DONATIONS.
PHOENIX SYMPHONY MUSICIANS ARE BROUGHT IN BY OUR ORGANIZATION TO GIVE MASTER CLASSES (INSTRUCTION AS WELL AS DEMONSTRATIONS) IN LOCAL AREA PUBLIC MIDDLE AND HIGH SCHOOLS. THIS PAST FISCAL YEAR THIS WAS DONE WITH 15 PROFESSIONAL SYMPHONY MUSICIANS AT 4 SCHOOLS AND INVOLVED OVER 300 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Bond Treasurer | OfficerTrustee | 10 | $0 |
Herman Inman President | OfficerTrustee | 10 | $0 |
Chip Shay Vice President | Trustee | 4 | $0 |
Gerre Carley Secretary | Trustee | 2 | $0 |
Neil Manzenberger Vice President | Trustee | 4 | $0 |
Martin Trembly 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 | $119,451 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,451 |
| Total Program Service Revenue | $126,325 |
| Investment income | $4,063 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,029 |
| 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 | $251,868 |
| 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 | $19,271 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,206 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,920 |
| Office expenses | $1,125 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,433 |
| 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 | $703 |
| Insurance | $2,091 |
| All other expenses | $4,157 |
| Total functional expenses | $204,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,442 |
| Savings and temporary cash investments | $571,954 |
| 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 | $1,212 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $617,608 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $270,944 |
| Net assets with donor restrictions | $346,664 |
| 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 | $617,608 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Yavapai Symphony Association Inc has recieved totaling $750.
| Awarding Organization | Amount |
|---|---|
Ibm International Foundation Armonk, NY PURPOSE: EMPLOYEE MATCHING GRANT | $750 |
Endowment Analysis
| Beg. Balance | $246,664 |
| Ending Balance | $246,664 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Symphony San Francisco, CA | $429,119,299 | $66,425,902 |
San Diego Symphony Orchestra Association San Diego, CA | $168,111,113 | $56,683,795 |
Colorado Symphony Association Denver, CO | $12,961,781 | $18,715,868 |
Pacific Symphony Irvine, CA | $52,133,763 | $17,603,170 |
San Diego Symphony Foundation San Diego, CA | $121,018,561 | $925,945 |
Philharmonia Baroque Orchestra & Chorale San Francisco, CA | $8,005,058 | $4,824,687 |
Santa Rosa Symphony Association Santa Rosa, CA | $23,001,628 | $6,302,463 |
Tucson Symphony Society Tucson, AZ | $15,428,177 | $6,501,284 |
Phoenix Symphony Association Phoenix, AZ | $1,368,252 | $4,890,998 |
Pasadena Symphony Association Pasadena, CA | $11,596,205 | $5,563,647 |
Santa Barbara Symphony Orchestra Association Santa Barbara, CA | $1,028,763 | $2,763,199 |
The Los Angeles Chamber Orchestra Society Inc Los Angeles, CA | $5,194,806 | $3,490,076 |