Rochester Symphony Orchestra & Chorale
- Assets
- $310.5k
- Revenue
- $357.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Rochester, MN
- Founding
- 02/1997
- Data as of
- 06/2023
- EIN
- 41-1764434
Organization Overview
Rochester Symphony Orchestra & Chorale is located in Rochester, MN. The organization was established in 1997. According to its NTEE Classification (A6B) the organization is classified as: Singing & Choral Groups, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Rochester Symphony Orchestra & Chorale employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester Symphony Orchestra & Chorale 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, Rochester Symphony Orchestra & Chorale generated $357.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $475.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE BRING GREAT MUSIC TO LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED AND PRESENTED 8 CONCERTS FOR THE EDUCATION, ENTERTAINMENT, AND INVOLVEMENT OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Lindstrom President & CEO (term Bega | OfficerTrustee | 40 | $60,000 |
Andrew Good Artisitic Production | OfficerTrustee | 1 | $0 |
Brad Krehbiel Vice Chair | OfficerTrustee | 1 | $0 |
Jay Beck Former Chair | OfficerTrustee | 1 | $0 |
Jodi Melius Board Member | Trustee | 1 | $0 |
Joseph Mish Board Member/orchester Rep | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,480 |
| All other contributions, gifts, grants, and similar amounts not included above | $205,383 |
| Noncash contributions included in lines 1a–1f | $708 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,863 |
| Total Program Service Revenue | $117,734 |
| Investment income | $1,263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $505 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $357,365 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $49,342 |
| 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. | $85,000 |
| Compensation of current officers, directors, key employees. | $29,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,728 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,704 |
| Payroll taxes | $10,395 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,867 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,595 |
| Office expenses | $19,756 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,424 |
| Travel | $5,800 |
| 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 | $133 |
| Insurance | $8,290 |
| All other expenses | $10,555 |
| Total functional expenses | $475,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,909 |
| Savings and temporary cash investments | $252,155 |
| Pledges and grants receivable | $1,539 |
| 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 | $17,130 |
| Net Land, buildings, and equipment | $3 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,722 |
| Total assets | $310,458 |
| Accounts payable and accrued expenses | $6,920 |
| Grants payable | $0 |
| Deferred revenue | $14,595 |
| 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 | $1,684 |
| Total liabilities | $23,199 |
| Net assets without donor restrictions | $287,259 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $310,458 |