Rockford Symphony Orchestras Inc
- Assets
- $831.8k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 201
- Location
- Rockford, IL
- Founding
- 10/1945
- Data as of
- 06/2023
- EIN
- 36-6109375
Organization Overview
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 06/2023, Rockford Symphony Orchestras Inc employed 201 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 06/2023, Rockford Symphony Orchestras Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. 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
2023
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gayle Englof Director | Trustee | 2 | $0 |
Michael Kikta Director | Trustee | 2 | $0 |
Joseph Mccoy Imm. Past Pr | OfficerTrustee | 3 | $0 |
Arnold Rosen Director | Trustee | 2 | $0 |
Julie Thomas Executive Di | Officer | 40 | $79,624 |
Judy Bridgeman Director | Trustee | 2 | $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 | $605,125 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $605,125 |
| Total Program Service Revenue | $386,299 |
| Investment income | $14,495 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,183 |
| Net Income from Fundraising Events | $26,322 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $299 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,042,042 |
| 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. | $79,624 |
| Compensation of current officers, directors, key employees. | $79,624 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $527,206 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $58,291 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,368 |
| Fees for services: Accounting | $31,511 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $59,352 |
| Office expenses | $60,076 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,836 |
| Travel | $54,012 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,947 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,652 |
| Insurance | $32,399 |
| All other expenses | $25,354 |
| Total functional expenses | $1,206,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,356 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,528 |
| Accounts receivable, net | $7,447 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,074 |
| Prepaid expenses and deferred charges | $7,210 |
| Net Land, buildings, and equipment | $18,473 |
| Investments—publicly traded securities | $507,680 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $831,768 |
| Accounts payable and accrued expenses | $9,143 |
| Grants payable | $0 |
| Deferred revenue | $193,218 |
| 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 | $202,361 |
| Net assets without donor restrictions | $627,082 |
| Net assets with donor restrictions | $2,325 |
| 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 | $831,768 |