Southwest Symphony Orchestra
- Assets
- $103.0k
- Revenue
- $114.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Palos Heights, IL
- Founding
- 12/1967
- Data as of
- 05/2022
- 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 05/2022, Southwest Symphony Orchestra generated $114.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $113.5k during the year ending 05/2022. While expenses have increased by 1.9% per year over the past 7 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
2022
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 SCHOOLGROUPS
YOUTH SOLOIST CONTEST
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Crane Director | Trustee | 16 | $23,323 |
Shari Ebert Recording Secretary | OfficerTrustee | 14 | $5,380 |
Tom W Hallett Treasurer | OfficerTrustee | 11 | $1,225 |
Rosanne C Arnold President And Director | OfficerTrustee | 12 | $0 |
James Brett Corresponding Secretar | OfficerTrustee | 3 | $0 |
Linda Maguire Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,354 |
| Related organizations | $0 |
| Government grants | $9,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,957 |
| Noncash contributions included in lines 1a–1f | $14,859 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,211 |
| Total Program Service Revenue | $48,168 |
| Investment income | -$4,691 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,519 |
| Net Income from Gaming Activities | -$837 |
| Net Income from Sales of Inventory | $180 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $114,497 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $75,240 |
| Advertising and promotion | $6,912 |
| Office expenses | $16,181 |
| Information technology | $341 |
| Royalties | $631 |
| Occupancy | $5,160 |
| 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 | $643 |
| All other expenses | $2,602 |
| Total functional expenses | $113,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,880 |
| Savings and temporary cash investments | $24,000 |
| 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 | $538 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $69,645 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,960 |
| Total assets | $103,023 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $3,862 |
| 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 | $3,862 |
| Net assets without donor restrictions | $99,161 |
| 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 | $103,023 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southwest Symphony Orchestra has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: FOR GRANT RECIPIENT'S EXEMPT PURPOSES | $6,000 |
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 |