North Ms Symphony Orchestra
- Assets
- $286.7k
- Revenue
- $420.1k
- Investments
- $100.5k
- Employees
- 2
- Location
- Tupelo, MS
- Founding
- 04/1973
- Data as of
- 05/2024
- EIN
- 23-7228350
Organization Overview
North Ms Symphony Orchestra is located in Tupelo, MS. The organization was established in 1973. 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 05/2024, North MS Symphony Orchestra employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North MS Symphony Orchestra 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 05/2024, North MS Symphony Orchestra generated $420.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $316.7k during the year ending 05/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY CLASSICAL MUSIC FOR THE CITIZENS FO NORTH MISSISSIPPI, TO STRENGTHEN COMMUNITY OUTREACH, AND TO INCREASE MUSIC EDUCATION FOR ALL LEVELS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION OF SEVERAL CONCERT PERFORMANCES AND CREATION OF YOUTH ORCHESTRA.
PRODUCTION OF SEVERAL CONCERT PERFORMANCES AND CREATION OF YOUTH ORCHESTRA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Martin Executive Di | Officer | 40 | $13,500 |
Debra Robison Interim Exec | Officer | 40 | $11,250 |
Sondra Davis Director | Trustee | $0 | |
Noel Garcia Director | Trustee | $0 | |
Jerri Lamar Kantack Director | Trustee | $0 | |
Mieko Kikuchi Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $270,272 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $305,472 |
| Total Program Service Revenue | $100,813 |
| Investment income | $13,564 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $221 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $420,070 |
| 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 | $28,761 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,815 |
| Fees for services: Management | $7,450 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $532 |
| Fees for services: Other | $228,504 |
| Advertising and promotion | $7,195 |
| Office expenses | $17,280 |
| Information technology | $851 |
| Royalties | $0 |
| Occupancy | $15,045 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75 |
| Interest | $4,283 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,371 |
| All other expenses | $0 |
| Total functional expenses | $316,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,320 |
| Savings and temporary cash investments | $0 |
| 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 | $999 |
| Net Land, buildings, and equipment | $116,486 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $100,451 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,458 |
| Total assets | $286,714 |
| Accounts payable and accrued expenses | $5,711 |
| 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 | $61,450 |
| Other liabilities | $10,118 |
| Total liabilities | $77,279 |
| Net assets without donor restrictions | $108,984 |
| Net assets with donor restrictions | $100,451 |
| 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 | $286,714 |