Symphony Orchestra Of Northwest Arkansas
- Assets
- $2.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 200
- Location
- Fayetteville, AR
- Founding
- 04/1977
- Data as of
- 06/2023
- EIN
- 23-7439184
Organization Overview
Symphony Orchestra Of Northwest Arkansas is located in Fayetteville, AR. The organization was established in 1977. 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, Symphony Orchestra Of Northwest Arkansas employed 200 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Symphony Orchestra Of Northwest Arkansas 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, Symphony Orchestra Of Northwest Arkansas generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $1.5m during the year ending 06/2023. While expenses have increased by 7.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SONA BRINGS GREAT MUSIC TO LIFE IN NORTHWEST ARKANSAS. SONA WILL BE RECOGNIZED AS A TRAILBLAZING ORCHESTRA AS IT: EXPANDS THE POSSIBILITIES OF WHAT AN ORCHESTRA CAN BE; CHANGES LIVES BY INCREASING INTEREST AND EQUITY IN THE ARTS THROUGH OUTREACH, EDUCATION, COLLABORATION AND PERFORMANCE; CREATIVELY HONORS THE PAST, PRESENT AND FUTURE OF OUR ARTFORM, FOSTERING THE HIGHEST LEVELS OF ARTISTIC EXPRESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SONA BRINGS GREAT MUSIC TO LIFE IN NORTHWEST ARKANSAS. SONA WILL BE RECOGNIZED AS A TRAILBLAZING ORCHESTRA AS IT: EXPANDS THE POSSIBILITIES OF WHAT AN ORCHESTRA CAN BE; CHANGES LIVES BY INCREASING INTEREST AND EQUITY IN THE ARTS THROUGH OUTREACH, EDUCATION, COLLABORATION AND PERFORMANCE; CREATIVELY HONORS THE PAST, PRESENT AND FUTURE OF OUR ARTFORM, FOSTERING THE HIGHEST LEVELS OF ARTISTIC EXPRESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Haas Music Direct | 40 | $108,324 | |
Riley Nicholson Executive Di | Officer | 40 | $78,500 |
Hannah Breden Director | Trustee | 1 | $0 |
Monique Carswell Director | Trustee | 1 | $0 |
Jack Cleghorn Vice-Chair | OfficerTrustee | 1 | $0 |
Kimberly Hadley Dba Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,307 |
| Related organizations | $0 |
| Government grants | $226,674 |
| All other contributions, gifts, grants, and similar amounts not included above | $785,810 |
| Noncash contributions included in lines 1a–1f | $9,662 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,043,791 |
| Total Program Service Revenue | $349,782 |
| Investment income | $23,046 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,855 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,422,474 |
| 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 | $747,111 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,919 |
| Payroll taxes | $66,137 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $127,385 |
| Office expenses | $14,130 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,033 |
| Travel | $127,504 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $739 |
| Interest | $69 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,014 |
| Insurance | $14,459 |
| All other expenses | $98,457 |
| Total functional expenses | $1,461,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $276,983 |
| Savings and temporary cash investments | $82,515 |
| Pledges and grants receivable | $87,500 |
| Accounts receivable, net | $137,742 |
| 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 | $10,000 |
| Net Land, buildings, and equipment | $3,539 |
| Investments—publicly traded securities | $1,449,939 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $600 |
| Total assets | $2,048,818 |
| Accounts payable and accrued expenses | $78,897 |
| Grants payable | $0 |
| Deferred revenue | $211,500 |
| 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 | $290,397 |
| Net assets without donor restrictions | $1,574,435 |
| Net assets with donor restrictions | $183,986 |
| 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 | $2,048,818 |