Orchestra Indiana Inc
- Assets
- $1.4m
- Revenue
- $592.5k
- Investments
- $948.1k
- Employees
- 151
- Location
- Muncie, IN
- Founding
- 09/1960
- Data as of
- 06/2022
- EIN
- 35-6041986
Organization Overview
Orchestra Indiana Inc is located in Muncie, IN. The organization was established in 1960. 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, Orchestra Indiana Inc employed 151 individuals. This organization is the central organization for a national or regional group of organizations. Orchestra Indiana 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, Orchestra Indiana Inc generated $592.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $857.8k during the year ending 06/2022. While expenses have increased by 10.5% 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
TO STIMULATE, EDUCATE, AND ENTERTAIN AUDIENCES IN EAST CENTRAL INDIANA AND TO PROVIDE A MEANINGFUL MUSICAL EXPERIENCE FOR PROFESSIONAL, COMMUNITY, AND STUDENT MUSICIANS THROUGH THE PERFORMANCE OF QUALITY MUSIC, EDUCATION, AND COMMUNITY PARTNERSHIPS WHILE MAINTAINING A VIGILANT DEVOTION TO ARTISTIC AND FISCAL INTEGRITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMANCE OF SYMPHONY CONCERTS AND EDUCATION OUTREACH/COMMUNITY ENGAGEMENT INITIATIVES. REVENUE DERIVED FROM TICKET SALES, LOCAL BUSINESS SPONSORSHIPS, AND GRANT FUNDING. EXPENDITURES ARE FOR MUSICIANS, AUDITORIUM & EQUIPMENT RENTALS, AND OTHER OPERATING EXPENSES. DURING THE 2019-2020 SEASON THE ORGANIZATION PERFORMED EVENTS AND MADE EDUCATIONAL OUTREACH VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Watkins Executive Di | Officer | $66,000 | |
John Lightle Vice Preside | OfficerTrustee | $0 | |
Bill Reece Treasurer El | OfficerTrustee | $0 | |
Emily Rivers Treasurer | OfficerTrustee | $0 | |
Dan Wolfert Secretary | OfficerTrustee | $0 | |
Mark Andrews Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $498,922 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $498,922 |
| Total Program Service Revenue | $93,355 |
| Investment income | $213 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $592,490 |
| 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 | $352,120 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,898 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,711 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $600 |
| Advertising and promotion | $166,359 |
| Office expenses | $13,244 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,896 |
| Travel | $16,985 |
| 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 | $0 |
| Insurance | $3,746 |
| All other expenses | $9,011 |
| Total functional expenses | $857,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,099 |
| Savings and temporary cash investments | $270,423 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,331 |
| 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 | $954 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $948,137 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,375,944 |
| Accounts payable and accrued expenses | $106,615 |
| Grants payable | $0 |
| Deferred revenue | $14,960 |
| 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 | $1,403 |
| Other liabilities | $0 |
| Total liabilities | $122,978 |
| Net assets without donor restrictions | $304,829 |
| Net assets with donor restrictions | $948,137 |
| 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 | $1,375,944 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Orchestra Indiana Inc has recieved totaling $137,774.
| Awarding Organization | Amount |
|---|---|
Ball Brothers Foundation Muncie, IN PURPOSE: GENERAL OPERATING SUPPORT, BRANDING & COMMUNITY EXPANSION | $62,000 |
Community Foundation Of Muncie And Delaware County Inc Muncie, IN PURPOSE: OPERATING SUPPORT | $56,782 |
Community Foundation Of Grant County Indiana Inc Marion, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $11,610 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $7,382 |
Endowment Analysis
| Beg. Balance | $1,094,941 |
| Earnings | -$103,111 |
| Admin Expense | $5,693 |
| Grants | $38,000 |
| Ending Balance | $948,137 |
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 |