Sioux City Symphony Orchestra Association
- Assets
- $4.7m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 104
- Location
- Sioux City, IA
- Founding
- 03/1949
- Data as of
- 06/2021
- EIN
- 42-6006580
Organization Overview
Sioux City Symphony Orchestra Association is located in Sioux City, IA. The organization was established in 1949. 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, Sioux City Symphony Orchestra Association employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sioux City Symphony Orchestra Association 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, Sioux City Symphony Orchestra Association generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $810.0k during the year ending 06/2021. 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 ENRICH SIOUXLAND'S QUALITY OF LIFE THROUGH SYMPHONIC MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE MUSICAL ORGANIZATIONS, MUSICAL PERFORMANCE & MAINTAIN AN ORCHESTRA AND OTHER MUSICAL ORGANIZATIONS FOR THE LITERARY, CULTURAL & EDUCATIONAL ADVANCEMENT OF THE COMMUNITY.
TO PROVIDE AN OPPORTUNITY FOR YOUNG PERSONS TO DEVELOP THEIR MUSICAL TALENT AND TO STIMULATE INTEREST IN AND APPRECIATION OF SYMPHONIC MUSIC. THIS INCLUDES PERFORMANCES FOR STUDENTS PROVIDED AT NO COST TO THE SCHOOLS OR STUDENTS. IN ADDITION, THE SYMPHONY PROVIDES ENSEMBLE PERFORMANCES IN ALL AREA ELEMENTARY SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Morgan Part Year CEO | Officer | 40 | $80,000 |
Richard Steinbach Part Year Executive Director | Officer | 40 | $6,125 |
Nolan Lubarski Vice President | OfficerTrustee | 0.5 | $0 |
Steve Kohl Secretary | OfficerTrustee | 1 | $0 |
Juliet Everist President | OfficerTrustee | 4 | $0 |
Gabriella Galinsky Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,500 |
| Related organizations | $0 |
| Government grants | $307,575 |
| All other contributions, gifts, grants, and similar amounts not included above | $250,578 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $559,653 |
| Total Program Service Revenue | $497,568 |
| Investment income | $106,864 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $103,390 |
| Net Income from Fundraising Events | -$2,237 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,267,585 |
| 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. | $50,144 |
| Compensation of current officers, directors, key employees. | $9,026 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $315,898 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,099 |
| Payroll taxes | $14,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,216 |
| Fees for services: Accounting | $32,687 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,334 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,755 |
| Office expenses | $27,363 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,621 |
| Travel | $28,588 |
| 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 | $16,534 |
| Insurance | $13,998 |
| All other expenses | $17,368 |
| Total functional expenses | $809,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $687,057 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $89,097 |
| 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 | $813 |
| Net Land, buildings, and equipment | $175,986 |
| Investments—publicly traded securities | $3,719,037 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,671,990 |
| Accounts payable and accrued expenses | $44,897 |
| Grants payable | $0 |
| Deferred revenue | $68,310 |
| 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 | $102,437 |
| Total liabilities | $215,644 |
| Net assets without donor restrictions | $2,090,721 |
| Net assets with donor restrictions | $2,365,625 |
| 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 | $4,671,990 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sioux City Symphony Orchestra Association has recieved totaling $10,014.
| Awarding Organization | Amount |
|---|---|
Gleeson Foundation Sioux City, IA PURPOSE: EDUCATIONAL INITIATIVE - CARNEGIE HALL LINK UP AND JOHN OSBORN: A LEGEND RETURN HOME | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Endowment Analysis
| Beg. Balance | $2,994,867 |
| Earnings | $881,449 |
| Admin Expense | $20,334 |
| Net Contributions | $18,361 |
| Other Expense | $155,305 |
| Ending Balance | $3,719,038 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Symphony Orchestra Chicago, IL | $576,700,123 | $109,905,535 |
Minnesota Orchestral Association Minneapolis, MN | $187,473,763 | $23,588,719 |
Saint Louis Symphony Orchestra St Louis, MO | $77,659,859 | $61,304,520 |
Kansas City Symphony Kansas City, MO | $64,822,369 | $17,397,853 |
Milwaukee Symphony Orchestra Inc Milwaukee, WI | $122,941,209 | $33,243,126 |
Saint Louis Symphony Endowment Trust Saint Louis, MO | $280,111,729 | $18,922,089 |
Saint Paul Chamber Orchestra Society St Paul, MN | $57,703,244 | $22,202,532 |
Omaha Symphony Association Omaha, NE | $71,026,158 | $5,852,032 |
Madison Symphony Orchestra Inc Madison, WI | $6,807,074 | $3,792,114 |
Des Moines Symphony Association Des Moines, IA | $12,208,795 | $2,653,432 |
Milwaukee Youth Symphony Orchestra Inc Milwaukee, WI | $9,958,210 | $2,491,222 |
Elgin Symphony Orchestra Assoc Elgin, IL | $718,957 | $2,098,094 |