Philharmonic Orchestra Of Indianapolis Incorporated
- Assets
- $124.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 07/1948
- Data as of
- 06/2021
- EIN
- 35-6042591
Organization Overview
Philharmonic Orchestra Of Indianapolis Incorporated is located in Indianapolis, IN. The organization was established in 1948. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philharmonic Orchestra Of Indianapolis 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, Philharmonic Orchestra Of Indianapolis Incorporated generated $107.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $81.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE PHILHARMONIC ORCHESTRA OF INDIANAPOLIS IS A VOLUNTEER ORCHESTRA FOR MUSICIANS OF ALL AGES. THE PHILHARMONIC PROVIDES AN OPPORTUNITY FOR MUSICIANS FROM YOUNG ADULTS AND UP TO BRING THE COMMUNITY OF GREATER INDIANAPOLIS TIMELESS MUSIC THAT HAS SPANNED GENERATIONS. THE PHILHARMONIC ALSO SUPPORTS THE DEVELOPMENT OF YOUTH IN THE ARTS THROUGH EDUCATIONAL PROGRAMS SUCH AS STRINGS AND JAZZY THINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy Ilgen Executive Director | 40 | $34,342 | |
Katie Lockwood Secretary | 5 | $0 | |
Emily Barry Member | 5 | $0 | |
Edward Adair Member | 5 | $0 | |
Craig Parmerlee President | 5 | $0 | |
Jessie Garcia Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,251 |
| Total Program Service Revenue | $19,189 |
| Membership dues | $0 |
| Investment income | $25 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $5,190 |
| Total Revenue | $107,655 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $40,253 |
| Professional fees and other payments to independent contractors | $500 |
| Occupancy, rent, utilities, and maintenance | $650 |
| Printing, publications, postage, and shipping | $487 |
| Other expenses | $39,589 |
| Total expenses | $81,479 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $123,596 |
| Other assets | $0 |
| Total assets | $124,233 |
| Total liabilities | $0 |
| Net assets or fund balances | $124,233 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Philharmonic Orchestra Of Indianapolis Incorporated has recieved totaling $10,037.
| Awarding Organization | Amount |
|---|---|
Arts Council Of Indianapolis Inc Indianapolis, IN PURPOSE: ARTS PROGRAMMING & COVID RELIEF | $5,996 |
Nicholas H Noyes Jr Memorial Foundation Inc Carmel, IN PURPOSE: GENERAL OPERATING SUPPORT | $4,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $41 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Evansville Philharmonic Orchestra Evansville, IN | $4,262,599 | $1,905,675 |
Midwest Young Artists Highwood, IL | $9,779,004 | $1,202,624 |
Rockford Symphony Orchestras Inc Rockford, IL | $407,372 | $1,218,204 |