Nittany Valley Symphony Inc
- Assets
- $364.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- State College, PA
- Founding
- 03/1989
- Data as of
- 06/2022
- 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 06/2022, Nittany Valley Symphony Inc generated $104.4k 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 (8.0%) each year. All expenses for the organization totaled $90.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (11.1%) 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
2022
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 |
|---|---|---|---|
Elizabeth Libby Kupp Orch. Rep. | 1 | $0 | |
Avis Jones Orch. Rep. | 1 | $0 | |
Nancy Vanlandingham Mark Chr. | 1 | $0 | |
Nancy Jacobson Ed & Out Chr | 1 | $0 | |
Tom Hesketh Prod. Chr. | 1 | $0 | |
John Hanratty Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,474 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,820 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,916 |
| Other Revenue | $190 |
| Total Revenue | $104,400 |
| 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 | $4,790 |
| Occupancy, rent, utilities, and maintenance | $7,405 |
| Printing, publications, postage, and shipping | $490 |
| Other expenses | $35,592 |
| Total expenses | $90,549 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,657 |
| Other assets | $0 |
| Total assets | $364,243 |
| Total liabilities | $7,982 |
| Net assets or fund balances | $356,261 |