Grant Park Orchestral Association
- Assets
- $15.3m
- Revenue
- $7.5m
- Investments
- $10.0m
- Employees
- 271
- Location
- Chicago, IL
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 32-0005884
Organization Overview
Grant Park Orchestral Association is located in Chicago, IL. The organization was established in 2002. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Grant Park Orchestral Association employed 271 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grant Park Orchestral 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 12/2021, Grant Park Orchestral Association generated $7.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $5.1m during the year ending 12/2021. While expenses have increased by 11.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
(SEE SCH O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
(SEE SCHEDULE O)
(SEE SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Winberg President & CEO | Officer | 40 | $225,290 |
Chris Collins General Manager | 40 | $115,709 | |
Hannah Lehman Chief Financial Officer | 40 | $111,183 | |
Jill Hurwitz Chief Marketing Officer | 40 | $109,699 | |
Emily Canham Chief Development Officer | 40 | $109,626 | |
Adam Grais Chair | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Seldy Cramer Artists Inc Artist Performance Fees | 12/30/21 | $142,500 |
Kobotech Inc Concert Production Services | 12/30/21 | $397,404 |
Campbell & Company Endowment Campaign Feasibility Study | 12/30/21 | $112,975 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $910,348 |
| Fundraising events | $899,943 |
| Related organizations | $0 |
| Government grants | $3,498,726 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,067,025 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,376,042 |
| Total Program Service Revenue | $90,828 |
| Investment income | $167,669 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$92,360 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,547,765 |
| 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. | $254,386 |
| Compensation of current officers, directors, key employees. | $254,386 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,476,098 |
| Pension plan accruals and contributions | $203,124 |
| Other employee benefits | $76,254 |
| Payroll taxes | $225,858 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,961 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $14,871 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,217,588 |
| Advertising and promotion | $123,116 |
| Office expenses | $139,057 |
| Information technology | $21,161 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $77,860 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,361 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,712 |
| Insurance | $67,074 |
| All other expenses | $0 |
| Total functional expenses | $5,133,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,472,058 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $388,135 |
| Accounts receivable, net | $166,178 |
| 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 | $94,375 |
| Net Land, buildings, and equipment | $100,936 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,038,266 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,259,948 |
| Accounts payable and accrued expenses | $254,824 |
| Grants payable | $0 |
| Deferred revenue | $27,834 |
| 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 | $1,999,990 |
| Total liabilities | $2,282,648 |
| Net assets without donor restrictions | $9,608,462 |
| Net assets with donor restrictions | $3,368,838 |
| 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 | $15,259,948 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grant Park Orchestral Association has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Anschel Eilian Family Charitable Foundation Chicago, IL PURPOSE: FOR THE SUPPORT OF THE GRANT PARK MUSIC FESTIVAL | $2,500 |
Endowment Analysis
| Beg. Balance | $7,214,785 |
| Earnings | $1,346,481 |
| Net Contributions | $1,477,000 |
| Ending Balance | $10,038,266 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grant Park Orchestral Association Chicago, IL | $15,259,948 | $7,547,765 |
Jazz St Louis St Louis, MO | $11,818,193 | $2,884,733 |
Chicago Sinfonietta Inc Chicago, IL | $3,675,444 | $3,506,738 |
Ragtag Film Society Columbia, MO | $1,382,564 | $1,866,748 |
Percussive Arts Society Inc Indianapolis, IN | $5,047,679 | $2,367,696 |
Music Of The Baroque Concert Series Inc Chicago, IL | $2,610,285 | $1,900,263 |
Radio Arts Foundation Clayton, MO | $3,517,540 | $1,458,263 |
Great American Songbook Foundation Inc Carmel, IN | $8,944,393 | $1,441,715 |
Glenview Stars Hockey Assn 5 Glenview Ice Center Glenview, IL | $561,491 | $1,280,609 |
Saturday In The Park Inc Sioux City, IA | $111,911 | $911,266 |
Birch Creek Music Performance Center Inc Egg Harbor, WI | $4,670,702 | $1,564,605 |
Intonation Music Workshop Chicago, IL | $400,867 | $959,526 |