Southwest Symphony Orchestra
- Assets
- $94.7k
- Revenue
- $143.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Palos Heights, IL
- Founding
- 12/1967
- Data as of
- 05/2024
- EIN
- 36-6149245
Organization Overview
Southwest Symphony Orchestra is located in Palos Heights, IL. The organization was established in 1967. 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. Southwest Symphony 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 05/2024, Southwest Symphony Orchestra generated $143.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $141.5k during the year ending 05/2024. While expenses have increased by 12.9% per year over the past 4 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESENT CLASSICAL MUSIC CONCERTS IN THE SW CHICAGO METRO AREA BY AN ORCHESTRA CONSISTING OF VOLUNTEER AND PAID MUSICIANS FROM CHICAGO AREA
Describe the Organization's Program Activity:
PRESENTING SYMPHONY ORCHESTRA CONCERTS TO THE GENERAL PUBLIC
PRESENTING EDUCATIONAL SYMPHONY ORCHESTRA CONCERTS TO SCHOOL GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosanne C Arnold President And Director | OfficerTrustee | 15 | $0 |
James Brett Corresponding Secretar | OfficerTrustee | 2 | $0 |
Shari Ebert Recording Secretary | OfficerTrustee | 14 | $6,563 |
Tom W Hallett Treasurer | OfficerTrustee | 12 | $1,635 |
Jorge Alvarez Director | Trustee | 1 | $0 |
Carol Bronkhorst Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,330 |
| Related organizations | $0 |
| Government grants | $16,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,458 |
| Noncash contributions included in lines 1a–1f | $2,250 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,588 |
| Total Program Service Revenue | $63,506 |
| Investment income | $7,542 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $153 |
| Net Income from Gaming Activities | -$51 |
| Net Income from Sales of Inventory | $473 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,186 |
| 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. | $36,683 |
| Compensation of current officers, directors, key employees. | $3,167 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Fees for services: Other | $54,948 |
| Advertising and promotion | $8,428 |
| Office expenses | $18,799 |
| Information technology | $1,504 |
| Royalties | $1,179 |
| Occupancy | $6,899 |
| Travel | $0 |
| 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 | $1,133 |
| All other expenses | $1,399 |
| Total functional expenses | $141,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,500 |
| Savings and temporary cash investments | $13,500 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $2,102 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $69,620 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,960 |
| Total assets | $94,682 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $1,496 |
| 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 | $1,496 |
| Net assets without donor restrictions | $93,186 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $94,682 |