Evansville Philharmonic Orchestra
- Assets
- $4.3m
- Revenue
- $1.9m
- Investments
- $794.9k
- Employees
- 90
- Location
- Evansville, IN
- Founding
- 10/1937
- Data as of
- 05/2022
- EIN
- 35-0965634
Organization Overview
Evansville Philharmonic Orchestra is located in Evansville, IN. The organization was established in 1937. 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 05/2022, Evansville Philharmonic Orchestra employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Evansville Philharmonic 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 05/2022, Evansville Philharmonic Orchestra generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $1.6m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 7 years. 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 PROVIDE PERFORMANCES OF QUALITY ORCHESTRAL AND CHORAL MUSIC TO THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTISTIC PROGRAM SERVICES ENCOMPASS ALL INCOME AND EXPENSES RELATED TO PUTTING ON CONCERTS THROUGHOUT THE SEASON, WITH A FOCUS ON ARTISTIC PERSONNEL. ON THE REVENUE SIDE THIS INCLUDES ALL FUNDING THAT SUPPORTS THE GUEST ARTISTS, ARTISTS, ARTISTIC PERSONNEL, AND SPONSORSHIP AND GRANTS FOR THE CONCERTS THEMSELVES. ON THE EXPENSE SIDE THIS INCLUDES ALL EXPENSES RELTED TO ARTISTIC PERSONNEL.
PRODUCTION PROGRAM SERVICES ENCOMPASS ALL INCOME AND EXPENSES RELATED TO PUUTON ON CONCERTS THROUGH THE SEASON, WITH THE FOCUS ON OPERATIONS. ON THE REVENEU SIDE THIS INCLUDES TICKET SALES, OTHER PERFORMANCE INCOME AND SUPPORT WITH OUR GUILD. ON THE EXPENSE SIDE, THIS INCLUDES ANNUAL DUES AND SUBSCRIPTIONS, MUSIC LICENSING, PROGRAM NOTES, STAGEHANDS, FACILITY HALL RENTAL FEES, OPERATIONS PERSONNEL, AND OTHER CONCERT EXPENSES.
EDUCATION & COMMUNITY OUTREACH PROGRAM SERVICES ENCOMPASS ALL INCOME AND EXPENSES RELATED TO EDUCATIONAL PROGRAMS DELIVERED TO SCHOOLS SERIES CREATED IN ADDITION TO REGULAR SEASON PROGRAMMING AND EFFORTS MADE TO PARTNER WITH LOCAL ORGANIZATIONS. ON THE REVENUE SIDE THIS INCLUDES ALL FUNDING FOR EDUCATION AND COMMUNITY OUTREACH. ON THE EXPENSE SIDE THIS INCLUDES EDUCATIONAL AND OUTREACH PERSONNEL, VENUE RENTAL, AND ALL MISCELLANEOUS EXPENSES RELATED TO BRINGING THESE EVENTS TO OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Bredemeier Executive Director | Trustee | 40 | $85,626 |
Roger Kalia Music Director | Trustee | 40 | $80,204 |
Louis Cady MD President Elect | Officer | 5 | $0 |
Phil Fassett Development Chair | Officer | 2 | $0 |
Nicholas Gartner Vice President | Officer | 2 | $0 |
Caroline Fairbanks Treasurer | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,335 |
| Related organizations | $0 |
| Government grants | $367,973 |
| All other contributions, gifts, grants, and similar amounts not included above | $865,493 |
| Noncash contributions included in lines 1a–1f | $2,895 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,245,801 |
| Total Program Service Revenue | $473,363 |
| Investment income | $41,168 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $86,294 |
| Net Income from Fundraising Events | $54,362 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,905,675 |
| 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. | $165,830 |
| Compensation of current officers, directors, key employees. | $82,915 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $515,927 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $70,847 |
| Payroll taxes | $208,347 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,035 |
| Fees for services: Accounting | $44,056 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $45,782 |
| Office expenses | $64,596 |
| Information technology | $5,822 |
| Royalties | $0 |
| Occupancy | $60,127 |
| Travel | $63,364 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,144 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $876 |
| Insurance | $23,086 |
| All other expenses | $92,353 |
| Total functional expenses | $1,647,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,075,991 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,677 |
| 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 | $11,780 |
| Net Land, buildings, and equipment | $200,677 |
| Investments—publicly traded securities | $2,176,583 |
| Investments—other securities | $794,891 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,262,599 |
| Accounts payable and accrued expenses | $81,345 |
| Grants payable | $0 |
| Deferred revenue | $69,811 |
| 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 | $151,156 |
| Net assets without donor restrictions | $1,780,179 |
| Net assets with donor restrictions | $2,331,264 |
| 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 | $4,262,599 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Evansville Philharmonic Orchestra has recieved totaling $29,750.
| Awarding Organization | Amount |
|---|---|
Koch Foundation Inc Evansville, IN PURPOSE: CHARITABLE OPERATIONS | $28,750 |
Spiro B & Patricia Culver Mitsos Foundation Inc Columbia, TN PURPOSE: UNRESTRICTED DONATION | $1,000 |
Endowment Analysis
| Beg. Balance | $3,308,359 |
| Earnings | -$219,818 |
| Admin Expense | $7,476 |
| Other Expense | $108,281 |
| Ending Balance | $2,972,784 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kansas City Symphony Kansas City, MO | $64,822,369 | $17,397,853 |
Milwaukee Symphony Orchestra Inc Milwaukee, WI | $122,941,209 | $33,243,126 |
Saint Louis Symphony Endowment Trust Saint Louis, MO | $280,111,729 | $18,922,089 |
Indiana Symphony Society Inc Indianapolis, IN | $13,063,766 | $26,550,940 |
The Louisville Orchestra Inc Louisville, KY | $7,756,568 | $11,516,592 |
Fort Wayne Philharmonic Orchestra Inc Fort Wayne, IN | $27,926,694 | $5,947,084 |
Madison Symphony Orchestra Inc Madison, WI | $6,807,074 | $3,792,114 |
Milwaukee Youth Symphony Orchestra Inc Milwaukee, WI | $9,958,210 | $2,491,222 |
Elgin Symphony Orchestra Assoc Elgin, IL | $718,957 | $2,098,094 |
Wisconsin Chamber Orchestra Inc Madison, WI | $6,414,052 | $3,173,196 |
South Bend Symphony Orchestra Association Inc South Bend, IN | $11,276,810 | $2,188,431 |
Chicago Youth Symphony Orchestras Chicago, IL | $1,118,972 | $1,807,296 |