Rockford Symphony Orchestras Inc is located in Rockford, IL. The organization was established in 1945. 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, Rockford Symphony Orchestras Inc employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rockford Symphony Orchestras 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 06/2020, Rockford Symphony Orchestras Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $1.2m during the year ending 06/2020. While expenses have increased by 0.8% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SYMPHONY ORCHESTRAS - THE ORCHESTRAS PRODUCE A SERIES OF CONCERTS EACH SEASON. THE ORCHESTRAS MISSION IS TO LEAD IN THE CREATION OF VIBRANT MUSIC EXPERIENCES THAT ENLIGHTEN, EDUCATE AND ENTERTAIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SYMPHONY AND OTHER RELATED PERFORMANCES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Julie Thomas Executive Di | Officer | 40 | $72,450 |
Joseph Mccoy Imm. Past Pr | OfficerTrustee | 3 | $0 |
Tami Gaudreau Secretary | OfficerTrustee | 3 | $0 |
Ethan Zentz Treasurer | OfficerTrustee | 3 | $0 |
Colin Peterson President | OfficerTrustee | 3 | $0 |
Thomas Sandquist Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $651,300 |
Investment income | $5,741 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$894 |
Net Income from Fundraising Events | $115,222 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $454 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,218,204 |
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. | $69,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $509,889 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $40,842 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $26,356 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $53,322 |
Office expenses | $58,941 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $87,719 |
Travel | $32,516 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $5,322 |
Interest | $11,743 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,926 |
Insurance | $40,586 |
All other expenses | $0 |
Total functional expenses | $1,191,980 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $97,034 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $18,765 |
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 | $1,117 |
Prepaid expenses and deferred charges | $10,000 |
Investments—publicly traded securities | $276,123 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $407,372 |
Accounts payable and accrued expenses | $4,413 |
Grants payable | $0 |
Deferred revenue | $240,645 |
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 | $213,171 |
Total liabilities | $458,229 |
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 | -$50,857 |
Over the last fiscal year, we have identified 1 grants that Rockford Symphony Orchestras Inc has recieved totaling $2,500.
Awarding Organization | Amount |
---|---|
Gloyd Family Foundation Peoria, IL PURPOSE: PROGRAMS | $2,500 |
Beg. Balance | $448,184 |
Earnings | -$72,100 |
Admin Expense | $3,361 |
Net Contributions | $100,000 |
Ending Balance | $472,723 |
Organization Name | Assets | Revenue |
---|---|---|
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 |
Quad City Symphony Orchestra Association Davenport, IA | $1,491,842 | $2,535,869 |
Wisconsin Chamber Orchestra Inc Madison, WI | $6,414,052 | $3,173,196 |