Phoenix Symphony Support Foundation
- Assets
- $391.6k
- Revenue
- $26.9k
- Investments
- $270.4k
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 10/2008
- Data as of
- 06/2021
- EIN
- 26-2741009
Organization Overview
Phoenix Symphony Support Foundation is located in Phoenix, AZ. The organization was established in 2008. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Phoenix Symphony Support Foundation 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, Phoenix Symphony Support Foundation generated $26.9k 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 (17.5%) each year. All expenses for the organization totaled $12.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (29.0%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SAFEGAURD AND INVEST THE ENDOWMENT FUND AND TO MAKE ANNUAL DISTRIBUTIONS TO THE PHOENIX SYMPHONY ACCORDING TO THE BYLAWS OF THE CORPORATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ENDOWMENT FUNDS ARE HELD AND INVESTED IN SUPPORT OF PHOENIX SYMPHONY ASSOCIATION (PSA) AND TO MAKE ANNUAL DISTRIBUTIONS IN SUPPORT OF THE GENERAL OPRTATIONS OF THE PSA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Moriarty Board Chair | OfficerTrustee | 1 | $0 |
Susan W Haag Treasurer | OfficerTrustee | 1 | $0 |
Suzanne Wilson President/ceo | Officer | 1 | $0 |
Elliot Minsker Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $4,433 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,464 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,897 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,600 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $2,175 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $12,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,147 |
| 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 | $270,356 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $109,086 |
| Total assets | $391,589 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $13,651 |
| Total liabilities | $13,651 |
| Net assets without donor restrictions | $107,582 |
| Net assets with donor restrictions | $270,356 |
| 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 | $391,589 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Phoenix Symphony Support Foundation has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
T W Lewis Foundation Scottsdale, AZ PURPOSE: GENERAL PURPOSE | $250 |
Endowment Analysis
| Beg. Balance | $221,899 |
| Earnings | $61,227 |
| Admin Expense | $2,170 |
| Grants | $10,600 |
| Ending Balance | $270,356 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Public Radio Arizona Tempe, AZ | $7,510,291 | $7,440,783 |
Denver Art Museum Foundation Denver, CO | $207,954,853 | $33,249,188 |
California Center For The Arts Escondido Foundation Escondido, CA | $1,637,426 | $6,432,180 |
Screen Actors Guild - American Federation Of Television And Radio Los Angeles, CA | $32,891,873 | $7,217,007 |
Museum Of New Mexico Foundation Santa Fe, NM | $51,964,866 | $8,605,972 |
Dmns Foundation Denver, CO | $168,202,725 | $31,941,607 |
Clyfford Still Museum Foundation Denver, CO | $160,969,221 | $5,009,227 |
Carmel Mission Foundation Inc Carmel, CA | $1,231,681 | $982,770 |
Ford Theatre Foundation Hollywood, CA | $2,293,812 | $4,065,513 |
Mccallum Theatre Foundation Inc Palm Desert, CA | $10,233,971 | $253,349 |
California State Railroad Museum Foundation Inc Sacramento, CA | $11,474,601 | $3,874,416 |
Helen G Bonfils Foundation Denver, CO | $34,648,703 | $452,300 |