Manitowoc Symphony Orchestra Association Inc
- Assets
- $1.1m
- Revenue
- $324.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Manitowoc, WI
- Founding
- 11/1956
- Data as of
- 06/2023
- EIN
- 39-6060498
Organization Overview
Manitowoc Symphony Orchestra Association Inc is located in Manitowoc, WI. 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 06/2023, Manitowoc Symphony Orchestra Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manitowoc Symphony Orchestra 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 06/2023, Manitowoc Symphony Orchestra Association Inc generated $324.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $274.0k during the year ending 06/2023. While expenses have increased by 2.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MANITOWOC SYMPHONY ORCHESTRAS MAIN PURPOSE IS TO EDUCATE AND PROMOTE APPRECIATION OF CLASSICAL MUSIC IN THE LOCAL COMMUNITY THROUGH CONCERTS AND OTHER EDUCATIONAL PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION AND PROMOTE APPRECIATION FOR CLASSICAL MUSIC IN OUR COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Pitz Executive Director | Officer | 40 | $47,000 |
Dylan Chmura-Moore Music Director | Officer | 30 | $33,000 |
Betsy Maliborski Board Member | Trustee | 1 | $0 |
Matt Neu Board Member | Trustee | 1 | $0 |
Brian J Kulas Board Member | Trustee | 1 | $0 |
Mark Klaiber Legal Counsel | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,909 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,109 |
| Total Program Service Revenue | $228,503 |
| Investment income | $21,418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,114 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $324,144 |
| 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 | $90,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $311 |
| Payroll taxes | $6,923 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,079 |
| Fees for services: Other | $1,140 |
| Advertising and promotion | $36,019 |
| Office expenses | $7,034 |
| Information technology | $5,050 |
| Royalties | $0 |
| Occupancy | $13,812 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $339 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,115 |
| All other expenses | $0 |
| Total functional expenses | $274,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,008 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,390 |
| 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 | $27,862 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,034,704 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,087,964 |
| Accounts payable and accrued expenses | $5,822 |
| Grants payable | $0 |
| Deferred revenue | $26,625 |
| 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 | $3,467 |
| Total liabilities | $35,914 |
| Net assets without donor restrictions | $842,923 |
| Net assets with donor restrictions | $209,127 |
| 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 | $1,087,964 |