Symphony Of The Potomac Inc
- Assets
- $63.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Glen Echo, MD
- Founding
- 08/2007
- Data as of
- 06/2022
- EIN
- 26-0385674
Organization Overview
Symphony Of The Potomac Inc is located in Glen Echo, MD. The organization was established in 2007. 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. Symphony Of The Potomac 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, Symphony Of The Potomac Inc generated $33.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $36.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 7 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
NORMALLY THE ORCHESTRA PERFORMS FOUR REGULAR SEASON CONCERTS, AS WELL AS ADDITIONAL PERFORMANCES AT LOCAL ARTS FAIRS, SCHOOLS, SENIOR LIVING FACILITIES, AND OTHER COMMUNITY EVENTS. DUE TO COVID19, THERE WERE ONLY TWO ORCHESTRAL CONCERTS AND SIX SMALL CHAMBER GROUP PERFORMANCES AT SENIOR LIVING FACILITIES DURING FY 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Bartley Vice President - President Elect And Director | 1 | $0 | |
Caroline Saccucci President And Director | 2 | $0 | |
Gillian Nave Secretary And Director | 2 | $0 | |
Nancy Fleming Treasurer And Director | 2 | $0 | |
Judy Gadol Director | 0.5 | $0 | |
Barbara Stuckey Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,821 |
| Total Program Service Revenue | $8,024 |
| Membership dues | $1,925 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $33,770 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $23,824 |
| Occupancy, rent, utilities, and maintenance | $9,375 |
| Printing, publications, postage, and shipping | $1,388 |
| Other expenses | $1,573 |
| Total expenses | $36,160 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $63,146 |
| Other assets | $0 |
| Total assets | $63,146 |
| Total liabilities | $0 |
| Net assets or fund balances | $63,146 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Symphony Of The Potomac Inc has recieved totaling $86.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $86 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Symphony Orchestra Norfolk, VA | $5,267,903 | $8,191,490 |
Richmond Symphony Richmond, VA | $2,392,826 | $8,372,945 |
National Philharmonic Orchestra & Chorale Of Mongomery County Inc North Bethesda, MD | $1,849,727 | $2,888,620 |
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 |
Philadelphia Youth Orchestra Philadelphia, PA | $1,696,190 | $1,961,434 |
Reading Symphony Orchestra Assn Reading, PA | $2,131,744 | $1,809,021 |
Annapolis Symphony Orchestra Association Inc Annapolis, MD | $7,107,921 | $5,168,158 |
Wheeling Symphony Society Inc Wheeling, WV | $3,618,630 | $1,903,056 |
Delaware Symphony Association Wilmington, DE | $2,036,217 | $1,506,268 |
Roanoke Symphony Orchestra Roanoke, VA | $2,287,008 | $2,284,824 |