Nittany Valley Symphony Inc
- Assets
- $379.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- State College, PA
- Founding
- 03/1989
- Data as of
- 06/2021
- EIN
- 25-1576652
Organization Overview
Nittany Valley Symphony Inc is located in State College, PA. The organization was established in 1989. 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. Nittany Valley Symphony 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 06/2021, Nittany Valley Symphony Inc generated $101.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $96.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PRODUCTION OF 5-6 MUSICAL EVENTS PROVIDING VENUE FOR LOCAL ARTISTS AND AUDIENCES, WITH ACCOMPANYING YOUNG SOLOIST COMPETITION AND EDUCATION OUTREACH VIA JUNIOR BAROQUE AND GUILD EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roberta Strebel Executive Di | 40 | $39,148 | |
Michael Jinbo Music Direct | 1 | $29,628 | |
Trina Gallup Pers. Mgr. | 1 | $3,960 | |
Smith Toulson Asst. Cond. | 1 | $1,500 | |
Avis Jones Orch. Rep. | 1 | $0 | |
Elizabeth Libby Kupp Orch. Rep. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,485 |
| Total Program Service Revenue | $1,397 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,795 |
| Other Revenue | $210 |
| Total Revenue | $101,887 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $42,272 |
| Professional fees and other payments to independent contractors | $4,883 |
| Occupancy, rent, utilities, and maintenance | $7,236 |
| Printing, publications, postage, and shipping | $458 |
| Other expenses | $41,335 |
| Total expenses | $96,184 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,532 |
| Other assets | $0 |
| Total assets | $379,302 |
| Total liabilities | $8,256 |
| Net assets or fund balances | $371,046 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Nittany Valley Symphony Inc has recieved totaling $64,396.
| Awarding Organization | Amount |
|---|---|
Centre County Community Foundation Inc State College, PA PURPOSE: GENERAL SUPPORT | $51,550 |
U S Family Foundation Inc Inverness, FL PURPOSE: FURTHER THE CHARITABLE, EDUCATIONAL AND/OR SCIENTIFIC EFFORTS OF THE CHARITY | $12,774 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $72 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbus Symphony Orchestra Inc Columbus, OH | $23,849,025 | $7,378,126 |
Rochester Philharmonic Orchestra Inc Rochester, NY | $20,757,567 | $7,702,051 |
Dayton Performing Arts Alliance Dayton, OH | $10,536,333 | $6,130,805 |
National Philharmonic Orchestra & Chorale Of Mongomery County Inc North Bethesda, MD | $1,849,727 | $2,888,620 |
Orpheus Chamber Orchestra Inc New York, NY | $1,908,737 | $3,345,104 |
Musical Associates Of Central New York Inc Syracuse, NY | $3,413,784 | $4,180,183 |
West Virginia Symphony Orchestra Inc Charleston, WV | $1,691,632 | $2,378,375 |
Harrisburg Symphony Association Harrisburg, PA | $13,261,535 | $3,046,479 |
Allentown Symphony Association Inc Allentown, PA | $15,521,853 | $2,408,487 |
Youngstown Symphony Society Inc Youngstown, OH | $9,809,717 | $1,234,201 |
Albany Symphony Orchestra Inc Albany, NY | $12,413,747 | $2,273,007 |
Philadelphia Youth Orchestra Philadelphia, PA | $1,696,190 | $1,961,434 |