Northwest Indiana Symphony Society Inc
- Assets
- $891.7k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 89
- Location
- Munster, IN
- Founding
- 08/1944
- Data as of
- 06/2022
- EIN
- 35-1359750
Organization Overview
Northwest Indiana Symphony Society Inc is located in Munster, IN. The organization was established in 1944. 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, Northwest Indiana Symphony Society Inc employed 89 individuals. This organization is the central organization for a national or regional group of organizations. Northwest Indiana 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 06/2022, Northwest Indiana Symphony Society Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $810.3k during the year ending 06/2022. 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
THE NORTHWEST INDIANA SYMPHONY IS DEDICATED TO PROVIDING QUALITY ORCHESTRAL PROGRAMMING THAT PROMOTES OPPORTUNITIES FOR ENJOYMENT AND EXPANDS INTEREST IN AND UNDERSTANDING OF DIVERSE MUSIC. THE SYMPHONY IS A CULTURAL ASSET THAT SERVES AS A UNIFYING FORCE FOR NORTHWEST INDIANA COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION OF SYMPHONY CONCERTS FOR THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carly Brandenburg President | OfficerTrustee | 1 | $0 |
Leane Cerven President El | OfficerTrustee | 1 | $0 |
Danette Garza VP Administr | OfficerTrustee | 1 | $0 |
Amy Koufos VP Developme | OfficerTrustee | 1 | $0 |
Denise Dillard VP Education | OfficerTrustee | 1 | $0 |
Jenny Yalowitz VP Exhibits | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,180 |
| Fundraising events | $33,268 |
| Related organizations | $0 |
| Government grants | $125,941 |
| All other contributions, gifts, grants, and similar amounts not included above | $613,958 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $782,347 |
| Total Program Service Revenue | $271,756 |
| Investment income | $3,934 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $24,944 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,082,981 |
| 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. | $43,286 |
| Compensation of current officers, directors, key employees. | $43,286 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $447,683 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,634 |
| Payroll taxes | $35,199 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,212 |
| Fees for services: Other | $0 |
| Advertising and promotion | $31,527 |
| Office expenses | $6,244 |
| Information technology | $15,127 |
| Royalties | $0 |
| Occupancy | $45,883 |
| Travel | $35,965 |
| 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 | $170 |
| Insurance | $22,853 |
| All other expenses | $23,457 |
| Total functional expenses | $810,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $374,876 |
| Savings and temporary cash investments | $215,479 |
| Pledges and grants receivable | $27,456 |
| 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 | $11,847 |
| Net Land, buildings, and equipment | $33 |
| Investments—publicly traded securities | $261,120 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $910 |
| Other assets | $0 |
| Total assets | $891,721 |
| Accounts payable and accrued expenses | $4,270 |
| Grants payable | $0 |
| Deferred revenue | $88,877 |
| 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 | $16,308 |
| Total liabilities | $109,455 |
| Net assets without donor restrictions | $525,501 |
| Net assets with donor restrictions | $256,765 |
| 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 | $891,721 |