Racine Symphony Orchestra Association Inc
- Assets
- $236.6k
- Revenue
- $244.1k
- Investments
- $0.0
- Employees
- 133
- Location
- Racine, WI
- Founding
- 06/1958
- Data as of
- 05/2023
- EIN
- 39-6076878
Organization Overview
Racine Symphony Orchestra Association Inc is located in Racine, WI. The organization was established in 1958. 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 05/2023, Racine Symphony Orchestra Association Inc employed 133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Racine 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 05/2023, Racine Symphony Orchestra Association Inc generated $244.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $387.9k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A VARIETY OF CONCERTS AND PERFORMANCES, PROGRAMMING, EDUCATIONAL OUTREACH AND MUSICAL OPPORTUNITIES THROUGHOUT SOUTHEASTERN WISCONSIN THROUGH THE ASSOCIATION AND MAINTENANCE OF A COMMUNITY SYMPHONY ORCHESTRA.
Describe the Organization's Program Activity:
THE RACINE SYMPHONY ORCHESTRA IS WISCONSIN'S THIRD OLDEST SYMPHONY ORCHESTRA AND THE OLDEST IN CONTINUOUS OPERATION. ESTABLISHED IN 1932 BY FREDERICK SCHULTE, THE NAME RACINE SYMPHONY ORCHESTRA (RSO) WAS ADOPTED IN 1935 AND INCORPORATED AS A NON-PROFIT ORGANIZATION IN 1938. SINCE ITS ESTABLISHMENT, OVER 420 CONCERTS HAVE BEEN PRODUCED IN VENUES SUCH AS MEMORIAL HALL, FIRST PRESBYTERIAN CHURCH, FESTIVAL HALL, RACINE THEATRE GUILD, SIENNA CENTER, UW-PARKSIDE, CARTHAGE COLLEGE, PUBLIC SCHOOLS, UNCORKT, AND OTHERS. RSO MUSIC EDUCATION PROGRAMS CONTINUE TO CONNECT AND TEACH "STUDENTS" FROM PRE-SCHOOL AGE CHILDREN TO SENIOR CITIZENS. THE RSO HAS CONTINUED TO THRIVE THROUGH THE FINANCIAL SUPPORT PROVIDED BY INDIVIDUALS, CORPORATIONS, FOUNDATIONS, AND GOVERNMENT AGENCIES SUCH AS THE WISCONSIN ARTS BOARD AND NATIONAL ENDOWMENT FOR THE ARTS. THE 2022-23 SEASON WAS THE RSO'S 91ST AND PRODUCED 10 PUBLIC PERFORMANCES, TWO EDUCATION CONCERTS, AND SCHEDULED ADDITIONAL EDUCATION PROGRAMS FOR THE COMMUNITY.CONCERT PRODUCTIONS ARE THE PRIMARY PROGRAM SERVICE COMPONENT, CONSISTING OF MASTERWORKS SYMPHONY AND CHAMBER ORCHESTRA CONCERTS, AND POPS SYMPHONY ORCHESTRA CONCERTS: SIX CONCERTS IN TOTAL WERE PRODUCED, SERVING MORE THAN 1,500 TICKET BUYERS. ADDITIONALLY, THERE IS A SERIES OF CHAMBER MUSIC PERFORMANCES ENTITLED MUSICAL FLIGHTS: FOUR PERFORMANCES WERE PRODUCED, SERVING APPROXIMATELY 200 TICKET BUYERS.EDUCATION PROGRAM SERVICES INCLUDE THE FOURTH GRADE EDUCATION CONCERTS (TWO CONCERTS), WHICH SERVE ALL OF THE RUSD GRADE 4 STUDENTS, AS WELL AS SOME PRIVATE SCHOOLS, AND HOME SCHOOL STUDENTS: MORE THAN 1,300 STUDENTS WERE SERVED THROUGH THIS PROGRAM. THE ARTIST-IN-RESIDENCE PROGRAM INTENTIONALLY SERVES A SMALL GROUP OF STUDENTS ALREADY PARTICIPATING IN SCHOOL INSTRUMENTAL MUSIC: SIX SCHOOLS WERE SERVED, EACH WITH TWO-HOUR VISITS, SERVING APPROXIMATELY 300 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Reynolds President | OfficerTrustee | 1 | $0 |
Shelly Wruck Vice President | OfficerTrustee | 1 | $0 |
Tracy Lutterman Treasurer | OfficerTrustee | 1 | $0 |
Mark Feldmann Secretary | OfficerTrustee | 1 | $0 |
Greg Barron Director | Trustee | 1 | $0 |
Nancy Dekraay Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,245 |
| Related organizations | $0 |
| Government grants | $2,120 |
| All other contributions, gifts, grants, and similar amounts not included above | $180,577 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,942 |
| Total Program Service Revenue | $44,290 |
| Investment income | $24 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,761 |
| Net Income from Gaming Activities | $1,650 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $244,145 |
| 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. | $55,000 |
| Compensation of current officers, directors, key employees. | $22,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $218,787 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,680 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,936 |
| Advertising and promotion | $15,389 |
| Office expenses | $29,723 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,808 |
| 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 | $384 |
| Insurance | $0 |
| All other expenses | $5,024 |
| Total functional expenses | $387,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,630 |
| 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 | $0 |
| Net Land, buildings, and equipment | $544 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $232,416 |
| Total assets | $236,590 |
| Accounts payable and accrued expenses | $1,464 |
| Grants payable | $0 |
| Deferred revenue | $5,800 |
| 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 | $68,502 |
| Total liabilities | $75,766 |
| Net assets without donor restrictions | -$71,592 |
| Net assets with donor restrictions | $232,416 |
| 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 | $236,590 |