Lansing Symphony Association Inc
- Assets
- $773.5k
- Revenue
- $889.3k
- Investments
- $0.0
- Employees
- 140
- Location
- Lansing, MI
- Founding
- 04/1945
- Data as of
- 06/2021
- EIN
- 38-6072025
Organization Overview
Lansing Symphony Association Inc is located in Lansing, MI. The organization was established in 1945. 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 06/2021, Lansing Symphony Association Inc employed 140 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lansing Symphony Association 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 06/2021, Lansing Symphony Association Inc generated $889.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $744.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, FOSTER, AND MAINTAIN THE INTEREST OF THE PEOPLE IN MUSIC THROUGH CONCERTS AND EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONCERTS TO PROMOTE, FOSTER AND MAINTAIN THE INTEREST OF THE PEOPLE IN SYMPHONIC AND CHAMBER MUSIC.
EDUCATION AND OUTREACH: MENTOR PROGRAM, A SCHOOL-TO-WORK ACTIVITY FOR HIGH SCHOOL STUDENTS INVOLVING MENTORING SESSIONS AND JOINT CONCERTS. YOUNG PEOPLES CONCERTS, FREE CONCERTS FOR AREA 4TH, 5TH AND 6TH GRADERS TO BUILD AN INTEREST IN MUSIC.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Courtney Millbrook Executive Director | Officer | 40 | $92,027 |
April Clobes President | Officer | 1 | $0 |
Charles Ballard Secretary | Officer | 1 | $0 |
Katie Thornton Treasurer | Officer | 1 | $0 |
Bill Jaconette Executive Committee | Officer | 1 | $0 |
Tom Hofman Executive Committee | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $821,700 |
| Investment income | $1,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $26,351 |
| Net Income from Gaming Activities | $24,782 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $889,274 |
| 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. | $92,207 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $253,107 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $81,874 |
| 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 | $41,797 |
| Advertising and promotion | $123,535 |
| Office expenses | $39,013 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,984 |
| Travel | $2,075 |
| 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 | $7,660 |
| Insurance | $9,217 |
| All other expenses | $0 |
| Total functional expenses | $744,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $659,922 |
| Savings and temporary cash investments | $22,613 |
| Pledges and grants receivable | $19,542 |
| 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 | $2,275 |
| Investments—publicly traded securities | $30,468 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $773,535 |
| Accounts payable and accrued expenses | $19,431 |
| Grants payable | $0 |
| Deferred revenue | $86,278 |
| 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 | $136,447 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $242,156 |
| 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 | $531,379 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Lansing Symphony Association Inc has recieved totaling $47,665.
| Awarding Organization | Amount |
|---|---|
Capital Region Community Foundation Lansing, MI PURPOSE: DONOR ADVISED | $20,000 |
Leap Lansing, MI PURPOSE: INGHAM COUNTY SUNRISE GRANT - NON PROFIT | $20,000 |
Capital Region Community Foundation Lansing, MI PURPOSE: DESIGNATED FUND | $7,576 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $75 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Endowment Analysis
| Beg. Balance | $23,540 |
| Earnings | $6,928 |
| Ending Balance | $30,468 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Musical Arts Association Cleveland, OH | $284,635,926 | $54,210,898 |
Cincinnati Symphony Orchestra Cincinnati, OH | $298,354,425 | $55,153,223 |
Detroit Symphony Orchestra Hall Inc Detroit, MI | $97,503,520 | $29,874,628 |
Milwaukee Symphony Orchestra Inc Milwaukee, WI | $122,941,209 | $33,243,126 |
Grand Rapids Symphony Society Grand Rapids, MI | $6,657,585 | $10,068,479 |
Indiana Symphony Society Inc Indianapolis, IN | $13,063,766 | $26,550,940 |
Columbus Symphony Orchestra Inc Columbus, OH | $23,849,025 | $7,378,126 |
Fort Wayne Philharmonic Orchestra Inc Fort Wayne, IN | $27,926,694 | $5,947,084 |
Dayton Performing Arts Alliance Dayton, OH | $10,536,333 | $6,130,805 |
Kalamazoo Symphony Orchestra Kalamazoo, MI | $22,806,442 | $2,938,902 |
Madison Symphony Orchestra Inc Madison, WI | $6,807,074 | $3,792,114 |
Milwaukee Youth Symphony Orchestra Inc Milwaukee, WI | $9,958,210 | $2,491,222 |