Quad City Symphony Orchestra Association
- Assets
- $2.1m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 210
- Location
- Davenport, IA
- Founding
- 11/1953
- Data as of
- 06/2022
- EIN
- 42-6017663
Organization Overview
Quad City Symphony Orchestra Association is located in Davenport, IA. The organization was established in 1953. 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 06/2022, Quad City Symphony Orchestra Association employed 210 individuals. This organization is the central organization for a national or regional group of organizations. Quad 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 06/2022, Quad City Symphony Orchestra Association generated $3.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $2.8m during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE, ENTERTAIN, AND ENGAGE THE QUAD CITY COMMUNITY THROUGH SUPERB SYMPHONIC MUSIC, MUSIC EDUCATION, AND CULTURAL LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION REACHES OVER 400,000 AREA RESIDENTS WITH THE HIGHEST QUALITY OF SYMPHONIC MUSIC AND MUSIC EDUCATION AVAILABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Bahls Director | Trustee | 1 | $0 |
Kay Basham Director | Trustee | 1 | $0 |
Seneca Black Director | Trustee | 1 | $0 |
Allie Conklin Director | Trustee | 1 | $0 |
Chris Connolly Director | Trustee | 1 | $0 |
Patricia Duffy Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $408,460 |
| Government grants | $865,616 |
| All other contributions, gifts, grants, and similar amounts not included above | $992,322 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,266,398 |
| Total Program Service Revenue | $821,734 |
| Investment income | $6,794 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $26,433 |
| Net Income from Gaming Activities | $13,359 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,423,220 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,363 |
| Compensation of current officers, directors, key employees. | $55,446 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $320,304 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,363 |
| Payroll taxes | $30,512 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,667 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,104 |
| Advertising and promotion | $7,734 |
| Office expenses | $29,716 |
| Information technology | $10,625 |
| Royalties | $0 |
| Occupancy | $32,377 |
| Travel | $4,060 |
| 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 | $19,728 |
| Insurance | $16,192 |
| All other expenses | $233,494 |
| Total functional expenses | $2,791,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,509,799 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,371 |
| Accounts receivable, net | $20,788 |
| 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 | $51,349 |
| Net Land, buildings, and equipment | $171,027 |
| Investments—publicly traded securities | $316,606 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,094,940 |
| Accounts payable and accrued expenses | $90,373 |
| Grants payable | $0 |
| Deferred revenue | $394,730 |
| 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 | $0 |
| Total liabilities | $485,103 |
| Net assets without donor restrictions | $1,219,037 |
| Net assets with donor restrictions | $390,800 |
| 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 | $2,094,940 |