Lima Symphony Orchestra Association Inc
- Assets
- $574.7k
- Revenue
- $891.7k
- Investments
- $0.0
- Employees
- 9
- Location
- Lima, OH
- Founding
- 01/1957
- Data as of
- 06/2022
- EIN
- 34-4465022
Organization Overview
Lima Symphony Orchestra Association Inc is located in Lima, OH. The organization was established in 1957. 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, Lima Symphony Orchestra Association Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lima Symphony Orchestra Association 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 06/2022, Lima Symphony Orchestra Association Inc generated $891.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $795.9k during the year ending 06/2022. While expenses have increased by 3.6% 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
PERFORMANCE OF MUSIC RELATED PROGRAMS FOR THE PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORM FULL ORCHESTRA CONCERTS, CHAMBER MUSIC, ENSEMBLES AND SPECIAL APPEARANCES OF GUEST ARTISTS. AVERAGE ATTENDANCE AT ALL FUNCTIONS IS 700 - 1,000 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Brown Executive Director | Officer | 40 | $79,000 |
Ben Diepenbrock Treasurer | OfficerTrustee | 1 | $0 |
Ty Lotz President | OfficerTrustee | 1 | $0 |
Jan Hawk Secretary | OfficerTrustee | 1 | $0 |
Kari Kuhn Vice-President | OfficerTrustee | 1 | $0 |
FR David Ross Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,000 |
| Fundraising events | $0 |
| Related organizations | $73,512 |
| Government grants | $26,253 |
| All other contributions, gifts, grants, and similar amounts not included above | $529,245 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $642,010 |
| Total Program Service Revenue | $174,324 |
| Investment income | $1,693 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $58,839 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $891,749 |
| 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. | $79,000 |
| Compensation of current officers, directors, key employees. | $79,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $191,358 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,428 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,355 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,000 |
| Advertising and promotion | $45,869 |
| Office expenses | $24,418 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,415 |
| Travel | $45,228 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,633 |
| Interest | $7,692 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,060 |
| Insurance | $9,040 |
| All other expenses | $27,208 |
| Total functional expenses | $795,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,211 |
| Savings and temporary cash investments | $427,623 |
| Pledges and grants receivable | $15,082 |
| 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 | $10,013 |
| Net Land, buildings, and equipment | $52,816 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $574,745 |
| Accounts payable and accrued expenses | $7,017 |
| Grants payable | $0 |
| Deferred revenue | $170,223 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $327,240 |
| Net assets without donor restrictions | $247,505 |
| 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 | $574,745 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Lima Symphony Orchestra Association Inc has recieved totaling $81,148.
| Awarding Organization | Amount |
|---|---|
Cleveland Foundation Cleveland, OH PURPOSE: GENERAL SUPPORT | $40,000 |
Community Foundations Inc Columbus, OH PURPOSE: ARTS AND HUMANITIES | $20,000 |
The Healthpath Foundation Of Ohio Cincinnati, OH PURPOSE: PROGRAM SUPPORT | $8,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,800 |
Lima Memorial Joint Operating Company Lima, OH PURPOSE: COMMUNITY DEVELOPMENT | $5,800 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $548 |
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 |