Illinois Philharmonic Orchestra
- Assets
- $4.7m
- Revenue
- $1.1m
- Investments
- $1.9m
- Employees
- 132
- Location
- Park Forest, IL
- Founding
- 02/1976
- Data as of
- 05/2021
- EIN
- 36-3293300
Organization Overview
Illinois Philharmonic Orchestra is located in Park Forest, IL. The organization was established in 1976. 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 05/2021, Illinois Philharmonic Orchestra employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Philharmonic Orchestra 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 05/2021, Illinois Philharmonic Orchestra 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 5.1% each year. All expenses for the organization totaled $623.9k during the year ending 05/2021. 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
TO PROVIDE CONCERTS OF COMPELLING PROFESSIONAL SYMPHONIC MUSIC, SUPPORT MUSIC EDUCATION, AND EXPAND AUDIENCE AWARENESS OF MUSICAL EXCELLENCE FOR THE DIVERSE COMMUNITIES OF THE GREATER CHICAGO REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONCERTS - THE ORGANIZATION ANNUALLY PERFORMS SIX SATURDAY EVENING CLASSICAL CONCERTS AND A HOLIDAY POPS MATINEE CONCERT IN DECEMBER, ALONG WITH FOUR YOUTH EDUCATION CONCERTS IN MAY FOR APPROXIMATELY 4,000 SOUTHLAND STUDENTS. OVER THE SUMMER MONTHS, THE ORGANIZATION ALSO PRESENTS A SERIES OF FIVE MUSICIAN ENSEMBLE PERFORMANCES. DURING THE 42ND SEASON, THE ORGANIZATION WILL PERFORM SIX SATURDAY EVENING CLASSICAL CONCERTS, A SATURDAY AFTERNOON HOLIDAY CONCERT, AND FOUR YOUTH EDUCATION CONCERTS IN MAY FOR APPROXIMATELY 4,000 SOUTHLAND STUDENTS. ALL 2019 - 2020 SEASON CONCERTS WILL BE HELD IN OZINGA CHAPEL AT TRINITY CHRISTIAN COLLEGE IN PALOS HEIGHTS. THE ORGANIZATION WILL ALSO PRESENT ITS EIGHTH SEASON OF SUMMER MUSIC AT ITS NEW VENUE OLYMPIA FIELDS COUNTRY CLUB, A SERIES OF FIVE MUSICIAN ENSEMBLE PERFORMANCES.
EDUCATION AND ENGAGEMENT - THE ORGANIZATION MAINTAINS A STRONG COMMITMENT TO EDUCATION. THROUGH A WIDE VARIETY OF ENGAGING PROGRAMS DESIGNED TO MEET THE NEEDS OF STUDENTS, TEACHERS, AND COMMUNITY MEMBERS OF ALL AGES, THE ORGANIZATION STRIVES TO BUILD A STRONGER COMMUNITY AND IMPART ITS PASSION OF MUSIC AND THE ARTS TO OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Salerno Executive Dir. | Officer | 40 | $82,500 |
Kathleen Field Orr President | OfficerTrustee | 6 | $0 |
Richard Davis Treasurer | OfficerTrustee | 6 | $0 |
Pat Barker Secretary | OfficerTrustee | 2 | $0 |
Mike Rogers Past President | OfficerTrustee | 2 | $0 |
Barbara Sturges Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,066,274 |
| Investment income | $81,091 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,580 |
| Net Income from Fundraising Events | -$41,637 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,136,151 |
| 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. | $82,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $289,184 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,914 |
| Payroll taxes | $23,233 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,352 |
| Fees for services: Other | $46,602 |
| Advertising and promotion | $26,755 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,398 |
| Travel | $7,888 |
| 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 | $570 |
| Insurance | $16,208 |
| All other expenses | $0 |
| Total functional expenses | $623,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $240,294 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,140 |
| 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 | $1,672 |
| Investments—publicly traded securities | $2,493,419 |
| Investments—other securities | $1,948,696 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,696,867 |
| Accounts payable and accrued expenses | $16,583 |
| Grants payable | $0 |
| Deferred revenue | $83,607 |
| 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 | $112,878 |
| Other liabilities | $0 |
| Total liabilities | $213,068 |
| 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 | $4,483,799 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Illinois Philharmonic Orchestra has recieved totaling $50,034.
| Awarding Organization | Amount |
|---|---|
Walder Family Foundation Wilmington, DE PURPOSE: IT INFRASTRUCTURE | $50,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
Endowment Analysis
| Beg. Balance | $2,800,550 |
| Earnings | $782,443 |
| Admin Expense | $31,352 |
| Other Expense | $180,520 |
| Ending Balance | $3,371,121 |
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 |
Des Moines Symphony Association Des Moines, IA | $12,208,795 | $2,653,432 |
Milwaukee Youth Symphony Orchestra Inc Milwaukee, WI | $9,958,210 | $2,491,222 |
Elgin Symphony Orchestra Assoc Elgin, IL | $718,957 | $2,098,094 |