Youngstown Symphony Society Inc
- Assets
- $9.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 95
- Location
- Youngstown, OH
- Founding
- 02/1955
- Data as of
- 06/2020
- EIN
- 34-0639988
Organization Overview
Youngstown Symphony Society Inc is located in Youngstown, OH. The organization was established in 1955. 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, Youngstown Symphony Society Inc employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Youngstown Symphony Society 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 06/2020, Youngstown Symphony Society Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $1.8m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CULTURAL DEVELOPMENT & ENTERTAINMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOCIETY PROVIDES THE YOUNGSTOWN AREA WITH CULTURAL DEVELOPMENT & ENTERTAINMENT THROUGH PRODUCTION OF A SERIES OF CONCERTS AS WELL AS THROUGH VARIOUS CHILDREN'S PERFORMANCES AND SPECIAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Bovard Secretary | OfficerTrustee | 0.2 | $0 |
Christopher Jaskiewicz Chair | OfficerTrustee | 0.2 | $0 |
David Kosec Vice Chair | OfficerTrustee | 0.2 | $0 |
Christine Lozzi Treasurer | OfficerTrustee | 0.2 | $0 |
Adam Bondor Director | Trustee | 0.2 | $0 |
Phyllis Paul Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $295,721 |
| Investment income | $62,683 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $169,884 |
| Net Income from Fundraising Events | -$6,051 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,234,201 |
| Statement of Expenses | |
|---|---|
| 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. | $75,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $447,843 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,235 |
| Payroll taxes | $38,175 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,317 |
| Fees for services: Accounting | $15,700 |
| Fees for services: Lobbying | $16,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,677 |
| Fees for services: Other | $10,806 |
| Advertising and promotion | $63,510 |
| Office expenses | $33,919 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $342,330 |
| Insurance | $48,392 |
| All other expenses | $0 |
| Total functional expenses | $1,816,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,184 |
| Savings and temporary cash investments | $210,892 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,677 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,480 |
| Prepaid expenses and deferred charges | $11,633 |
| Investments—publicly traded securities | $2,082,588 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,809,717 |
| Accounts payable and accrued expenses | $165,058 |
| Grants payable | $0 |
| Deferred revenue | $31,708 |
| 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 | $108,637 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $265,507 |
| Total liabilities | $570,910 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $9,238,807 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Youngstown Symphony Society Inc has recieved totaling $148,716.
| Awarding Organization | Amount |
|---|---|
Youngstown Foundation Pittsburgh, PA PURPOSE: BUILDING IMPROVEMENTS AND PROGRAM SUPPORT | $36,610 |
John D Finnegan Foundation Columbus, OH PURPOSE: GENERAL OPERATING | $25,000 |
Ward Beecher Foundation Columbus, OH PURPOSE: GENERAL SUPPORT | $25,000 |
Robert H Reakirt Fdn Equities 532h-70700010276043 Pittsburgh, PA PURPOSE: SPIRITUAL JOURNEY | $25,000 |
Youngstown Area Jewish Foundation Youngstown, OH PURPOSE: TO SUPPORT ORGANIZATIONS THAT HAVE ACTIVITIES WHICH FALL WITHIN OUR MISSION. | $10,000 |
William B Pollock Iii & Kathryn Pollock Foundation Chicago, IL PURPOSE: GENERAL | $10,000 |
Endowment Analysis
| Beg. Balance | $2,309,825 |
| Earnings | -$282,152 |
| Admin Expense | $34,181 |
| Net Contributions | $59,889 |
| Ending Balance | $2,053,381 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
West Virginia Symphony Orchestra Inc Charleston, WV | $1,691,632 | $2,378,375 |
Harrisburg Symphony Association Harrisburg, PA | $13,261,535 | $3,046,479 |
Allentown Symphony Association Inc Allentown, PA | $15,521,853 | $2,408,487 |
Youngstown Symphony Society Inc Youngstown, OH | $9,809,717 | $1,234,201 |
South Bend Symphony Orchestra Association Inc South Bend, IN | $11,276,810 | $2,188,431 |