Lafayette Symphony Incorporated
- Assets
- $3.9m
- Revenue
- $463.2k
- Investments
- $0.0
- Employees
- 112
- 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 06/2021, Lafayette Symphony Incorporated employed 112 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 6 years, revenues have fallen by an average of (1.7%) 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 (8.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T 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:
PRESENT CONCERTS FOR THE CULTURAL ENRICHMENT OF THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sommers Larry President | OfficerTrustee | 2 | $0 |
Mccuskey Beth Vice Preside | OfficerTrustee | 2 | $0 |
Mclaughlin Ryan Treasurer | OfficerTrustee | 2 | $0 |
Mickelbart Stacey Secretary | OfficerTrustee | 2 | $0 |
Nelson Betty Dir | Trustee | 1 | $0 |
Withers Colton Dir | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $130,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $227,686 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $357,686 |
| Total Program Service Revenue | $12,432 |
| 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 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. | $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 | $3,462 |
| 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 |
| Net Land, buildings, and equipment | $8,357 |
| 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 | $533,044 |
| Net assets with donor restrictions | $3,383,975 |
| 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 | $3,945,552 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lafayette Symphony Incorporated has recieved totaling $33,662.
| Awarding Organization | Amount |
|---|---|
Tippecanoe Arts Federation Inc Lafayette, IN PURPOSE: CAPITAL EXPENDITURES | $33,632 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $30 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Symphony Orchestra Chicago, IL | $576,700,123 | $109,905,535 |
Saint Louis Symphony Orchestra St Louis, MO | $77,659,859 | $61,304,520 |
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 |