Elmhurst Symphony Association Inc
- Assets
- $549.9k
- Revenue
- $257.8k
- Investments
- $451.7k
- Employees
- 3
- Location
- Elmhurst, IL
- Founding
- 06/1974
- Data as of
- 06/2023
- EIN
- 23-7348453
Organization Overview
Elmhurst Symphony Association Inc is located in Elmhurst, IL. The organization was established in 1974. 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 06/2023, Elmhurst Symphony Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elmhurst 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 06/2023, Elmhurst Symphony Association Inc generated $257.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $315.0k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL AND CULTURAL ENRICHMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS COMMUNITY AND YOUTH CONCERTS CONDUCTED ANNUALLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Kozak President | OfficerTrustee | 8 | $0 |
Mary Grether Vice President | OfficerTrustee | 2 | $0 |
Carl Amrhein Treasurer | OfficerTrustee | 15 | $0 |
Bethany Dehaan Secretary | OfficerTrustee | 2 | $0 |
Ray Allen Director | Trustee | 2 | $0 |
Bruce Horek Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $38,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $137,954 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,154 |
| Total Program Service Revenue | $69,520 |
| Investment income | $9,033 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $257,795 |
| 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 | $71,361 |
| Pension plan accruals and contributions | $21 |
| Other employee benefits | $0 |
| Payroll taxes | $5,459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,982 |
| Office expenses | $22,468 |
| Information technology | $5,929 |
| Royalties | $0 |
| Occupancy | $5,990 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $212 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $875 |
| Insurance | $3,761 |
| All other expenses | $811 |
| Total functional expenses | $314,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,885 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $451,706 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,358 |
| Total assets | $549,949 |
| Accounts payable and accrued expenses | $1,605 |
| Grants payable | $0 |
| Deferred revenue | $60,730 |
| 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 | $5,205 |
| Other liabilities | $0 |
| Total liabilities | $67,540 |
| Net assets without donor restrictions | $403,802 |
| Net assets with donor restrictions | $78,607 |
| 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 | $549,949 |