Carolina Philharmonic Inc
- Assets
- $176.0k
- Revenue
- $619.8k
- Investments
- $71.0k
- Employees
- 5
- Location
- Pinehurst, NC
- Founding
- 10/2010
- Data as of
- 06/2023
- EIN
- 27-0741753
Organization Overview
Carolina Philharmonic Inc is located in Pinehurst, NC. The organization was established in 2010. 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, Carolina Philharmonic Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolina Philharmonic 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 06/2023, Carolina Philharmonic Inc generated $619.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $586.7k during the year ending 06/2023. 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
TO PERPETUATE A LIFETIME APPRECIATION FOR MUSIC AND THE ARTS, BY PROVIDING OPPORTUNITIES FOR THOUSANDS OF LOCAL CHILDREN EVERY YEAR TO EXPERIENCE THE JOY OF EXCEPTIONAL MUSIC THROUGH INTERACTIVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
1) EDUCATION OUTREACH: SERVED OVER 100 JUNIOR/YOUTH ORCHESTRA ATTENDEES TO LEARN ABOUT AND EXPERIENCE CONCERTS. PROVIDED CARNEGIE HALL'S LINK-UP PROGRAM TO 1,200 PLUS MOORE COUNTY PUBLIC AND PRIVATE SCHOOL STUDENTS AND 700 PUBLIC SCHOOL FOURTH GRADE STUDENTS. IN RESPONSE TO A REQUEST FROM THE MOORE COUNTY SCHOOL SYSTEM, ORGANIZATION DEVELOPED AND PROVIDED A MUSIC EDUCATION PROGRAM FOR 1,200 PLUS FIRST AND SECOND GRADE STUDENTS AND ALSO SEVERAL PRIVATE SCHOOLS. 2) SEASON SUBSCRIPTION SERIES (SEPT/MAY CONCERTS): FULL AND CHAMBER ORCHESTRA SEASON REACHING OVER 5,000 ATTENDEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen C Wilford Chairman Of Board | Officer | 40 | $0 |
Janie Gould Director | Trustee | 5 | $0 |
David M Wolff Artistic Director | Trustee | 60 | $138,452 |
Greg Collins Treasurer | Trustee | 5 | $0 |
John Sapp Secretary | Trustee | 5 | $0 |
Alan Kane Director | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $198,776 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $380,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $579,576 |
| Total Program Service Revenue | $38,801 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $619,842 |
| 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. | $138,452 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,569 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,611 |
| Payroll taxes | $14,277 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,886 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5 |
| Advertising and promotion | $3,170 |
| Office expenses | $14,713 |
| Information technology | $2,742 |
| Royalties | $0 |
| Occupancy | $19,800 |
| Travel | $2,661 |
| 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 | $2,267 |
| Insurance | $1,421 |
| All other expenses | $148,514 |
| Total functional expenses | $586,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,209 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $870 |
| 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 | $6,443 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $70,988 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,487 |
| Total assets | $175,997 |
| Accounts payable and accrued expenses | $2,313 |
| 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 | $2,000 |
| Other liabilities | $6,032 |
| Total liabilities | $10,345 |
| Net assets without donor restrictions | $165,652 |
| Net assets with donor restrictions | $0 |
| 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 | $175,997 |