Holland Symphony Orchestra Inc
- Assets
- $1.7m
- Revenue
- $585.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Holland, MI
- Founding
- 10/1991
- Data as of
- 04/2024
- EIN
- 38-2953082
Organization Overview
Holland Symphony Orchestra Inc is located in Holland, MI. The organization was established in 1991. 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. Holland 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 04/2024, Holland Symphony Orchestra Inc generated $585.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $490.0k during the year ending 04/2024. While expenses have increased by 3.5% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
HOLLAND SYMPHONY ORCHESTRA, INC. IS COMMITTED TO ENGAGING PEOPLE IN MUSIC TO ENRICH THE CULTURAL LIFE OF THE COMMUNITY. THE PURPOSE OF THE ORGANIZATION IS TO CREATE VARIED, QUALITY SYMPHONIC CONCERTS TO ENTERTAIN AND INSPIRE, PROVIDE EDUCATIONAL PROGRAMS TO PROMOTE A LIFELONG INTEREST IN MUSIC, ENCOURAGE THE MUSICAL EDUCATION OF AREA YOUTH, EXPAND COMMUNITY COLLABORATIONS AND RESPOND TO COMMUNITY NEEDS, INCREASE AUDIENCE AND PATRON PARTICIPATION, AND ASSURE RESPONSIBLE STEWARDSHIP OF FINANCIAL AND HUMAN RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLLAND SYMPHONY ORCHESTRA (HSO) PRESENTED THE 2023-2024 SEASON WITH CONCERTS, EDUCATIONAL PROGRAMMING AND COLLABORATIVE EVENTS. TEN CONCERTS WERE PROGRAMMED AND TICKETS WERE SOLD FOR 9 OF THE 10 CONCERTS: 4 CLASSICAL, 1 HOLIDAY, 1 CARNEGIE HALL LINKUP, 1 SUMMER POPS, AND 2 YOUTH ORCHESTRA CONCERTS. (SOME OF THOSE CONCERTS HAD MORE THAN ONE PERFORMANCE.) THE 10TH CONCERT WAS A FREE CONCERT IN A HOLLAND CITY PARK ENTITLED MUSIC UNITES US. THE CONCERT INVITED DIVERSE LOCAL ARTISTS FROM MEXICO, UGANDA, VIET NAM, UKRAINE AND A VIOLINIST WHO WAS BLIND TO AUDITION AND PERFORM WITH HSO. THIS INCLUSIVE EVENT DREW A LARGE AUDIENCE OF NEARLY 1000. SEASON TICKETS GREW TO 575 OR 60% OF THE VENUE. ATTENDANCE CONTINUED TO RISE DURING THE SEASON WITH THE FINAL CONCERT OF THE SEASON AT ALMOST FULL CAPACITY OF 775/800. POPS AT THE PIER CONCERT/EVENT HAD 950 IN ATTENDANCE IN A BOAT SHED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Query Chair | OfficerTrustee | 4 | $0 |
Ruth Crouch Vice Chair | OfficerTrustee | 3 | $0 |
Jan Dalman Secretary | OfficerTrustee | 3 | $0 |
Tim Dyk Treasurer | OfficerTrustee | 3 | $0 |
Sarah Bast Board Member | Trustee | 2 | $0 |
Sarah Briggs Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,556 |
| Related organizations | $0 |
| Government grants | $20,350 |
| All other contributions, gifts, grants, and similar amounts not included above | $332,370 |
| Noncash contributions included in lines 1a–1f | $7,736 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $355,276 |
| Total Program Service Revenue | $145,705 |
| Investment income | $79,402 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,600 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $585,302 |
| 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. | $49,333 |
| Compensation of current officers, directors, key employees. | $16,445 |
| 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 | $1,343 |
| Fees for services: Accounting | $4,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $45,458 |
| Office expenses | $4,522 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,147 |
| 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 | $2,683 |
| Insurance | $3,051 |
| All other expenses | $2,352 |
| Total functional expenses | $490,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,079 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $9,727 |
| Investments—publicly traded securities | $1,663,188 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,600 |
| Total assets | $1,743,594 |
| Accounts payable and accrued expenses | $1,400 |
| Grants payable | $0 |
| Deferred revenue | $38,590 |
| 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 | $19,092 |
| Total liabilities | $59,082 |
| Net assets without donor restrictions | $1,583,434 |
| Net assets with donor restrictions | $101,078 |
| 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 | $1,743,594 |