Illinois Symphony Orchestra Inc
- Assets
- $1.8m
- Revenue
- $1.6m
- Investments
- $1.2m
- Employees
- 151
- Location
- Springfield, IL
- Founding
- 03/1994
- Data as of
- 06/2022
- EIN
- 37-1312674
Organization Overview
Illinois Symphony Orchestra Inc is located in Springfield, IL. The organization was established in 1994. 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, Illinois Symphony Orchestra Inc employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Symphony Orchestra 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 06/2022, Illinois Symphony Orchestra Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 3.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRAINING AND EDUCATION FOR MUSICIANS, AND ENCOURAGE THE APPRECIATION OF SYMPHONIC MUSIC THROUGH CONCERT PERFORMANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TRAINING AND EDUCATION FOR MUSICIANS, AND ENCOURAGE THE APPRECIATION OF SYMPHONIC MUSIC THROUGH CONCERT PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Yockey VP Development | OfficerTrustee | 5 | $0 |
Erik Fines Board Member | Trustee | 0.5 | $0 |
Taryn Grant Board Member | Trustee | 0.5 | $0 |
Kathryn Ransom Board Member | Trustee | 0.5 | $0 |
Elaine Cousins Vp-Comm. Educ. | OfficerTrustee | 2 | $0 |
Dr James Applegate Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $37,051 |
| Government grants | $111,577 |
| All other contributions, gifts, grants, and similar amounts not included above | $626,109 |
| Noncash contributions included in lines 1a–1f | $31,830 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $774,737 |
| Total Program Service Revenue | $437,424 |
| Investment income | $44,112 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $92,016 |
| Net Income from Fundraising Events | $156,213 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,564,334 |
| 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. | $162,383 |
| Compensation of current officers, directors, key employees. | $59,590 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $543,630 |
| 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 | $29,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,629 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $48,160 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $112,086 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $109 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,494 |
| Insurance | $14,375 |
| All other expenses | $53,227 |
| Total functional expenses | $1,380,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $493,174 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,921 |
| 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 | $1,263 |
| Net Land, buildings, and equipment | $50,851 |
| Investments—publicly traded securities | $50,092 |
| Investments—other securities | $1,163,898 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,428 |
| Total assets | $1,779,627 |
| Accounts payable and accrued expenses | $22,036 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $22,036 |
| Net assets without donor restrictions | $687,912 |
| Net assets with donor restrictions | $1,069,679 |
| 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 | $1,779,627 |