Springfield Symphony Orchestra Association
- Assets
- $257.3k
- Revenue
- $632.0k
- Investments
- $0.0
- Employees
- 146
- Location
- Springfield, OH
- Founding
- 09/1945
- Data as of
- 06/2021
- EIN
- 31-6000540
Organization Overview
Springfield Symphony Orchestra Association is located in Springfield, OH. The organization was established in 1945. 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 06/2021, Springfield Symphony Orchestra Association employed 146 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springfield Symphony Orchestra Association 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, Springfield Symphony Orchestra Association generated $632.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $510.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SPRINGFIELD SYMPHONY ORCHESTRA IS TO ENRICH THE LIVES OF THE PEOPLE IN SPRINGFIELD AND THE SURROUNDING REGION BY PRESENTING QUALITY PERFORMANCES OF SYMPHONIC MUSIC AND PROVIDING EXCELLENT EDUCATION PROGRAMS.
Describe the Organization's Program Activity:
PROVIDING THE CITY AND SURROUNDING COMMUNITY WITH THE MUSICAL ARTS AT A REASONABLE COST
PROMOTING THE DEVELOPMENT OF MUSICAL ARTS IN THE COMMUNITY THROUGH YOUTH INVOLVEMENT - APPROX 1,259 LOCAL GRADE SCHOOL STUDENTS ARE ENRICHED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Ross Executive Director | Officer | 40 | $63,413 |
Elaine Stevenson President | OfficerTrustee | 3 | $0 |
Nathan Hale Treasurer | OfficerTrustee | 2 | $0 |
John Landess Vice President | OfficerTrustee | 2 | $0 |
Mary Oliver Secretary | OfficerTrustee | 2 | $0 |
Robert White Immediate Past President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $40,792 |
| Related organizations | $0 |
| Government grants | $210,976 |
| All other contributions, gifts, grants, and similar amounts not included above | $311,105 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $562,873 |
| Total Program Service Revenue | $56,690 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$297 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $632,032 |
| 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. | $65,260 |
| Compensation of current officers, directors, key employees. | $12,071 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $245,958 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,536 |
| Payroll taxes | $26,695 |
| 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 | $0 |
| Fees for services: Other | $17,700 |
| Advertising and promotion | $856 |
| Office expenses | $22,600 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,732 |
| Travel | $95 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,733 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,882 |
| All other expenses | $12,002 |
| Total functional expenses | $510,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,711 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,426 |
| 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 | $6,355 |
| Net Land, buildings, and equipment | $34,823 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $257,315 |
| Accounts payable and accrued expenses | $6,600 |
| Grants payable | $0 |
| Deferred revenue | $33,708 |
| 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 | $12,490 |
| Total liabilities | $52,798 |
| Net assets without donor restrictions | $198,017 |
| Net assets with donor restrictions | $6,500 |
| 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 | $257,315 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Springfield Symphony Orchestra Association has recieved totaling $217,782.
| Awarding Organization | Amount |
|---|---|
Springfield Foundation Springfield, OH PURPOSE: GENERAL SUPPORT | $195,484 |
Culture Works Dayton, OH PURPOSE: GENERAL OPERATING SUPPORT | $15,298 |
Harry M And Violet Turner Charitable Trust Springfield, OH PURPOSE: CHARITABLE CONTRIBUTION | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Musical Arts Association Cleveland, OH | $284,635,926 | $54,210,898 |
Cincinnati Symphony Orchestra Cincinnati, OH | $298,354,425 | $55,153,223 |
Philadelphia Orchestra Association Philadelphia, PA | $211,538,479 | $41,118,272 |
Detroit Symphony Orchestra Hall Inc Detroit, MI | $97,503,520 | $29,874,628 |
Pittsburgh Symphony Inc Pittsburgh, PA | $194,466,393 | $30,739,984 |
Grand Rapids Symphony Society Grand Rapids, MI | $6,657,585 | $10,068,479 |
Indiana Symphony Society Inc Indianapolis, IN | $13,063,766 | $26,550,940 |
The Louisville Orchestra Inc Louisville, KY | $7,756,568 | $11,516,592 |
Columbus Symphony Orchestra Inc Columbus, OH | $23,849,025 | $7,378,126 |
Fort Wayne Philharmonic Orchestra Inc Fort Wayne, IN | $27,926,694 | $5,947,084 |
Dayton Performing Arts Alliance Dayton, OH | $10,536,333 | $6,130,805 |
Kalamazoo Symphony Orchestra Kalamazoo, MI | $22,806,442 | $2,938,902 |