Springfield Symphony Orchestra Inc
- Assets
- $2.9m
- Revenue
- $972.0k
- Investments
- $2.2m
- Employees
- 11
- Location
- Springfield, MO
- Founding
- 09/1963
- Data as of
- 06/2022
- EIN
- 43-0797224
Organization Overview
Springfield Symphony Orchestra Inc is located in Springfield, MO. The organization was established in 1963. 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, Springfield Symphony Orchestra Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springfield Symphony Orchestra 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 06/2022, Springfield Symphony Orchestra Inc generated $972.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $941.4k during the year ending 06/2022. While expenses have increased by 2.0% 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 PROMOTE AND PRESENT THE SPRINGFIELD SYMPHONY ORCHESTRA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTATION OF SYMPHONY CONCERT PERFORMANCES THROUGHOUT THE YEAR.REVENUE RECOGNIZED BY THE SYMPHONY DURING FY2022 IS AS FOLLOWS: TICKET SALES $ 274,177 CONCERT UNDERWRITING 114,068 EDUCATIONAL OUTREACH 33,055 PROGRAM ADVERTISING 13,882 CONTRACT PERFORMANCES 36,909 TOTAL $ 472,901
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Cotner Jones Executive Director | 40 | $62,550 | |
Raylene Appleby President | OfficerTrustee | 0.5 | $0 |
Bob Hammerschmidt Secretary | OfficerTrustee | 0.5 | $0 |
Gregory Beck Vice President | OfficerTrustee | 0.5 | $0 |
Tom O'neal Treasurer | OfficerTrustee | 0.5 | $0 |
David Cook Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,795 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $85,965 |
| All other contributions, gifts, grants, and similar amounts not included above | $241,631 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $331,391 |
| Total Program Service Revenue | $472,091 |
| Investment income | $52,969 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,241 |
| Net Income from Fundraising Events | $89,099 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $972,022 |
| 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. | $62,550 |
| Compensation of current officers, directors, key employees. | $31,275 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $223,728 |
| Pension plan accruals and contributions | $5,652 |
| Other employee benefits | $29,771 |
| Payroll taxes | $20,410 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,992 |
| Fees for services: Other | $0 |
| Advertising and promotion | $41,841 |
| Office expenses | $70,343 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10 |
| 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 | $6,290 |
| Insurance | $0 |
| All other expenses | $80,392 |
| Total functional expenses | $941,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $704 |
| Savings and temporary cash investments | $345,006 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,981 |
| 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 | $89,457 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,190,703 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $285,103 |
| Total assets | $2,913,954 |
| Accounts payable and accrued expenses | $17,667 |
| Grants payable | $0 |
| Deferred revenue | $28,632 |
| 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 | $46,299 |
| Net assets without donor restrictions | $1,535,015 |
| Net assets with donor restrictions | $1,332,640 |
| 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 | $2,913,954 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Springfield Symphony Orchestra Inc has recieved totaling $24,465.
| Awarding Organization | Amount |
|---|---|
Earl L Barkley Charitable Tr Foundation Ua 06222004 Milwaukee, WI PURPOSE: GENERAL OPERATING | $11,846 |
Stanley And Elaine Ball Charitable Tr Springfield, MO PURPOSE: DONATION | $10,000 |
Dr Nancy Oreilly Family Foundation Springfield, MO PURPOSE: GENERAL OPERATIONS | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $119 |
Endowment Analysis
| Beg. Balance | $2,529,418 |
| Earnings | -$287,259 |
| Net Contributions | $3,547 |
| Other Expense | $103,056 |
| Ending Balance | $2,142,650 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Symphony Orchestra Chicago, IL | $576,700,123 | $109,905,535 |
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 |
Saint Louis Symphony Endowment Trust Saint Louis, MO | $280,111,729 | $18,922,089 |
Nashville Symphony Association Nashville, TN | $100,031,908 | $12,366,678 |
The Louisville Orchestra Inc Louisville, KY | $7,756,568 | $11,516,592 |
Oklahoma Philharmonic Society Inc Oklahoma City, OK | $16,602,843 | $6,401,721 |
Omaha Symphony Association Omaha, NE | $71,026,158 | $5,852,032 |
Knoxville Symphony Society Inc Knoxville, TN | $1,484,079 | $3,960,669 |
Memphis Symphony Orchestra Inc Memphis, TN | $6,274,797 | $4,582,397 |
Tulsa Symphony Orchestra Inc Tulsa, OK | $3,114,616 | $2,041,644 |
Des Moines Symphony Association Des Moines, IA | $12,208,795 | $2,653,432 |