Quad City Symphony Orchestra Association
- Assets
- $1.5m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 190
- Location
- Davenport, IA
- Founding
- 11/1953
- Data as of
- 06/2021
- 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 06/2021, Quad City Symphony Orchestra Association employed 190 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 06/2021, Quad City Symphony Orchestra Association generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $2.0m 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 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 |
|---|---|---|---|
Brian Baxter Executive Director | Officer | 40 | $84,378 |
Darlene Steffen Secretary | Officer | 1 | $0 |
Annette Tephly President | Officer | 1 | $0 |
Hovey Tinsman Executive Vice President | Officer | 1 | $0 |
Katie Marchik Treasurer | Officer | 1 | $0 |
Seneca Black Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,825,626 |
| Investment income | $375 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $56,180 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,535,869 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $14,850 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,271 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $289,073 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,050 |
| Payroll taxes | $27,870 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,536 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,269 |
| Advertising and promotion | $1,128 |
| Office expenses | $33,424 |
| Information technology | $9,277 |
| Royalties | $0 |
| Occupancy | $33,867 |
| Travel | $1,389 |
| 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 | $16,881 |
| Insurance | $16,976 |
| All other expenses | $0 |
| Total functional expenses | $1,979,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,128,511 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $68,841 |
| Accounts receivable, net | $10,803 |
| 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 | $94,582 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,491,842 |
| Accounts payable and accrued expenses | $66,772 |
| Grants payable | $0 |
| Deferred revenue | $294,945 |
| 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 | $114,392 |
| Total liabilities | $476,109 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,015,733 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Quad City Symphony Orchestra Association has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Charles R And Nancy L Charitable Foundation Pleasant Valley, IA PURPOSE: GENERAL FUND | $10,000 |
The Charles B Preacher Foundation Omaha, NE PURPOSE: MUSIC APPRECIATION | $5,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
South Dakota Symphony Orchestra Sioux Falls, SD | $2,471,738 | $2,231,218 |
Quad City Symphony Orchestra Association Davenport, IA | $1,491,842 | $2,535,869 |
Wisconsin Chamber Orchestra Inc Madison, WI | $6,414,052 | $3,173,196 |