Northern Kentucky Symphony Inc
- Assets
- $816.2k
- Revenue
- $575.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Newport, KY
- Founding
- 05/1987
- Data as of
- 06/2022
- EIN
- 31-1190635
Organization Overview
Northern Kentucky Symphony Inc, operating under the name Kentucky Symphony Orchestra, is located in Newport, KY. The organization was established in 1987. 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 06/2022, Kentucky Symphony Orchestra employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Symphony Orchestra 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, Kentucky Symphony Orchestra generated $575.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $545.2k during the year ending 06/2022. While expenses have increased by 2.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 MAKE SYMPHONIC MUSIC ATTRACTIVE, ACCESSIBLE, AND AFFORDABLE TO RESIDENTS OF NORTHERN KENTUCKY AND GREATER CINCINNATI REACHING NEARLY 19,250 PEOPLE DURING THE 2021-22 SEASON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KSO SUMMER PARK SERIES INCLUDES SIX FREE OUTDOOR PROGRAMS FROM JULY THROUGH SEPTEMBER. THESE CASUAL CONCERTS WELCOME FAMILIES AND INDIVIDUALS OF ALL SOCIO-ECONOMIC BACKGROUNDS. ADMISSION AND PARKING ARE FREE. PERFORMED IN THE PICTURESQUE AND RELAXED SETTING OF COVINGTON, KYS DEVOU PARK, AND FORT THOMAS, KY'S TOWER PARK. SENIORS WERE INVITED TO ATTEND EACH MORNING DRESS REHEARSAL. 2021 SUMMER CONCERTS REACHED APPROXIMATELY 12,266 AREA RESIDENTS IN-PERSON AND VIRTUALLY. TO ATTEND EACH MORNING DRESS REHEARSAL.
THE KSO OFFERS SMALLER GENRE-SPECIFIC SUBSIDIARY GROUPS, WHICH TRAVEL AND PERFORM IN VARIOUS LOCATIONS. OFFERING A VARIETY OF MUSICAL STYLES KSO SUBSIDIARY GROUPS PERFORM RUN-OUT CONCERTS AND/OR SPECIAL EVENTS THROUGHOUT THE TRI-STATE, REACHING 1092 PEOPLE LAST SEASON.
THE SUBSCRIPTION SERIES CONCERTS SPANNED OCTOBER THROUGH MAY, AND FEATURED FIVE ATTRACTIVE, ACCESSIBLE AND AFFORDABLE SYMPHONIC PROGRAMS OFFERED IN VENUES THROUGHOUT N KY AND SW OHIO TO AN AUDIENCE OF 2,508 PEOPLE. THESE CONCERTS ARE THE SOLE SOURCE OF EARNED TICKET REVENUE (PRICES RANGING FROM $15 - $35). SUBSCRIPTION SERIES CONCERTS SHOWCASE THE ORCHESTRA'S MOST MUSICALLY CHALLENGING AND AESTHETICALLY CREATIVE PERFORMANCES, AND REMAINS THE BASIS FOR PROGRAM STRUCTURE, ARTISTIC DEVELOPMENT, AND MUSICAL GROWTH.
THE KSOS EDUCATION EFFORTS, REACHED 3,382 NORTHERN KENTUCKY AND GREATER CINCINNATI STUDENTS/TEACHERS, GRADES 3-12 FROM 37 SCHOOLS THIS SEASON. 52% OF PARTICIPANTS WERE CONSIDERED ECONOMICALLY DISADVANTAGED. THESE FREE PROGRAMS INTRODUCE AND SHOWCASE CLASSICAL MUSIC AND ITS DERIVATIVES AND HELP FILL A GAP LEFT IN MANY SCHOOLS CURRICULUMS. ENGAGING PROGRAMS THEY NEED TO HELP THEIR STUDENT SUCCEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Stickels Director | Trustee | 0.5 | $0 |
Dr Eppechal Smalls Director | Trustee | 0.5 | $0 |
Ellen Hackman Ziegler Director | Trustee | 0.5 | $0 |
Jill Kruetzkamp Vice President | OfficerTrustee | 1 | $0 |
Mark Bailey Director | Trustee | 0.5 | $0 |
Paula Steiner President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $99,926 |
| All other contributions, gifts, grants, and similar amounts not included above | $333,621 |
| Noncash contributions included in lines 1a–1f | $3,181 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $433,547 |
| Total Program Service Revenue | $55,362 |
| Investment income | $6,521 |
| 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 | $77,894 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $575,266 |
| 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. | $122,804 |
| Compensation of current officers, directors, key employees. | $6,140 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,500 |
| Pension plan accruals and contributions | $42,000 |
| Other employee benefits | $33,756 |
| Payroll taxes | $14,553 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $116,469 |
| Advertising and promotion | $7,686 |
| Office expenses | $1,648 |
| Information technology | $3,224 |
| Royalties | $0 |
| Occupancy | $23,176 |
| Travel | $7,603 |
| 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 | $841 |
| Insurance | $3,086 |
| All other expenses | $0 |
| Total functional expenses | $545,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,506 |
| Savings and temporary cash investments | $450,949 |
| Pledges and grants receivable | $69,118 |
| 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 | $3,369 |
| Net Land, buildings, and equipment | $1,285 |
| Investments—publicly traded securities | $75,018 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $816,245 |
| Accounts payable and accrued expenses | $176,239 |
| 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 | $0 |
| Total liabilities | $176,239 |
| Net assets without donor restrictions | $447,406 |
| Net assets with donor restrictions | $192,600 |
| 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 | $816,245 |