Lafayette Symphony Incorporated
- Assets
- $3.9m
- Revenue
- $463.2k
- Investments
- $0.0
- Employees
- 106
- Location
- Lafayette, IN
- Founding
- 10/1958
- Data as of
- 06/2021
- EIN
- 35-6029483
Organization Overview
Lafayette Symphony Incorporated is located in Lafayette, IN. The organization was established in 1958. 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, Lafayette Symphony Incorporated employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lafayette Symphony Incorporated 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 06/2021, Lafayette Symphony Incorporated generated $463.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $318.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.4%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESENT CONCERTS FOR THE CULTURAL ENRICHMENT OF THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENT CONCERTS FOR THE CULTURAL ENRICHMENT OF THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eddy Abby Dir | Trustee | 1 | $0 |
Dixon Barbara Dir | Trustee | 1 | $0 |
Mccuskey Beth President | OfficerTrustee | 2 | $0 |
Nelson Betty Dir | Trustee | 1 | $0 |
Pierce Kyle Dir | Trustee | 1 | $0 |
Sommers Larry Dir | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $357,686 |
| Investment income | $73 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $43,594 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $463,150 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $202,888 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,551 |
| Payroll taxes | $17,252 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,702 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $250 |
| Advertising and promotion | $5,198 |
| Office expenses | $9,007 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,915 |
| Travel | $10,541 |
| 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 | $1,835 |
| Insurance | $8,617 |
| All other expenses | $0 |
| Total functional expenses | $318,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,655 |
| Savings and temporary cash investments | $69,866 |
| Pledges and grants receivable | $132,100 |
| 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 | $6,412 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,549,162 |
| Total assets | $3,945,552 |
| Accounts payable and accrued expenses | $7,807 |
| Grants payable | $0 |
| Deferred revenue | $20,726 |
| 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 | $28,533 |
| 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 | $3,917,019 |