Peoria Symphony Orchestra
- Assets
- $4.2m
- Revenue
- $963.6k
- Investments
- $0.0
- Employees
- 141
- Location
- Peoria, IL
- Founding
- 07/1956
- Data as of
- 05/2020
- EIN
- 37-0901338
Organization Overview
Peoria Symphony Orchestra is located in Peoria, IL. The organization was established in 1956. 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 05/2022, Peoria Symphony Orchestra employed 141 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peoria 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 05/2020, Peoria Symphony Orchestra generated $963.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $1.0m during the year ending 05/2020. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 6 years. 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
TO ENTERTAIN, EDUCATE AND INSPIRE THROUGH MUSIC. THE PEORIA SYMPHONY ORCHESTRA PRESENTS EXCELLENT LIVE MUSICAL PERFORMANCES, INNOVATIVE MUSIC EDUCATION PROGRAMS, AND ENGAGING COMMUNITY OUTREACH EFFORTS, WHICH SIGNIFICANTLY IMPACT THE CULTURAL LIFE OF CENTRAL ILLINOIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUBSCRIPTION CONCERT SERIES - A SEVEN CONCERT SERIES OF PRIMARILY CLASSICAL MUSIC FEATURING THE ORCHESTRA AND GUEST ARTISTS. CONCERTS ARE HELD AT THE PEORIA CIVIC CENTER THEATER AND GRACE PRESBYTERIAN CHURCH.
OTHER CONCERTS - OUTREACH ENSEMBLE PERFORMANCES HELD THROUGHOUT THE COMMUNITY IN SUPPORT OF OUR CONTINUING OUTREACH PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Hoffman Executive Director (thru 5/13/22) | Officer | 38 | $43,471 |
Brian Buralli President | OfficerTrustee | 2 | $0 |
Bob Parkhurst Treasurer | OfficerTrustee | 2 | $0 |
Daryl R Dagit Past President | OfficerTrustee | 1 | $0 |
Pam Orear Secretary | OfficerTrustee | 2 | $0 |
Thomas D Schlink Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $555,434 |
| Investment income | $411 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,780 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $963,609 |
| 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. | $105,190 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $505,970 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,034 |
| Payroll taxes | $43,285 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,827 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $110,641 |
| Office expenses | $4,351 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,737 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,757 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,266 |
| Insurance | $17,142 |
| All other expenses | $0 |
| Total functional expenses | $1,004,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,874 |
| Savings and temporary cash investments | $265,983 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,384 |
| 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 | $500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,543,903 |
| Total assets | $4,185,139 |
| Accounts payable and accrued expenses | $58,088 |
| Grants payable | $0 |
| Deferred revenue | $123,982 |
| 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 | $106,000 |
| Total liabilities | $288,070 |
| 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 | $3,897,069 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Peoria Symphony Orchestra has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Howard Family Foundation Punta Gorda, FL PURPOSE: SUPPORT OPERATIONS | $1,500 |
Peer Organizations
| 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 |