Great Lakes Chamber Orchestra Incorporated
- Assets
- $190.7k
- Revenue
- $178.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Petoskey, MI
- Founding
- 11/2002
- Data as of
- 12/2022
- EIN
- 30-0084912
Organization Overview
Great Lakes Chamber Orchestra Incorporated is located in Petoskey, MI. The organization was established in 2002. 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 12/2022, Great Lakes Chamber Orchestra Incorporated employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Lakes Chamber Orchestra Incorporated 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 12/2022, Great Lakes Chamber Orchestra Incorporated generated $178.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $246.3k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LIVE ORCHESTRAL PERFORMANCES TO ENTERTAIN, EDUCATE AND INSPIRE MICHIGAN RESIDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED LIVE ORCHESTRAL PERFORMANCES, TO ENTERTAIN, EDUCATE AND INSPIRE OUR NORTHERN MICHIGAN RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lyn Jenks Vice President | Trustee | 4 | $0 |
JD Friley Trustee | Trustee | 4 | $0 |
Lynn Hansen Trustee | Trustee | 4 | $0 |
Stephen Jaquith Orchestra Rep | Trustee | 4 | $0 |
Kathy Libert Trustee | Trustee | 4 | $0 |
Judy Zorn Executive Director | Trustee | 40 | $33,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,937 |
| All other contributions, gifts, grants, and similar amounts not included above | $91,264 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,201 |
| Total Program Service Revenue | $68,510 |
| Investment income | $11 |
| 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 | $178,585 |
| 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. | $33,000 |
| Compensation of current officers, directors, key employees. | $2,640 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,042 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,800 |
| Payroll taxes | $5,266 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,092 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $94,044 |
| Advertising and promotion | $17,813 |
| Office expenses | $3,678 |
| Information technology | $2,706 |
| Royalties | $0 |
| Occupancy | $8,799 |
| Travel | $13,725 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | -$9 |
| All other expenses | $2,429 |
| Total functional expenses | $246,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,806 |
| Savings and temporary cash investments | $18,827 |
| Pledges and grants receivable | $25,750 |
| Accounts receivable, net | $500 |
| 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 | $8,142 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,628 |
| Total assets | $190,653 |
| Accounts payable and accrued expenses | $5,913 |
| Grants payable | $0 |
| Deferred revenue | $72,220 |
| 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 | $0 |
| Total liabilities | $78,133 |
| Net assets without donor restrictions | $112,520 |
| 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 | $190,653 |