Hawaii Symphony Orchestra
- Assets
- $1.5m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 245
- Location
- Honolulu, HI
- Founding
- 01/2012
- Data as of
- 06/2022
- EIN
- 45-2861988
Organization Overview
Hawaii Symphony Orchestra is located in Honolulu, HI. The organization was established in 2012. 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, Hawaii Symphony Orchestra employed 245 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawaii Symphony Orchestra 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, Hawaii Symphony Orchestra generated $5.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $5.9m during the year ending 06/2022. While expenses have increased by 6.1% per year over the past 5 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
ESTABLISH AND OPERATE A PROFESSIONAL SYMPHONY IN HAWAII THAT WILL PRESENT THE HIGHEST QUALITY PERFORMANCES OF GREAT MUSIC, BRINGING NATIONAL AND INTERNATIONAL DISTINCTION TO THE ORCHESTRA AND THE COMMUNITY TO DELIGHT AND EDUCATE DIVERSE AUDIENCES OF ALL AGES AND ENHANCE THE CULTURAL VITALITY AND QUALITY OF LIFE IN THE REGION AND OPERATE IN A FINANCIALLY SOUND MANNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE 2022 FISCAL YEAR, HSO WAS ABLE TO PRESENT A FULL 18-WEEK CONCERT SEASON. THE MASTERWORKS CLASSICAL MUSIC PERFORMANCES RESUMED FROM NOVEMBER 2021 TO MAY 2022 THE NEW HAPASYMPHONY SERIES RAN FROM FEBRUARY 2022 TO MAY 2022. THE OUTDOOR STARLIGHT SERIES WAS PRESENTED IN MAY AND JUNE 2022. KEIKI CONCERTS WERE PRESENTED FROM MARCH 2022 THROUGH THE END OF THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Kosasa Chairman | OfficerTrustee | 4 | $0 |
Vicky Cayetano Vice Chairwoman | OfficerTrustee | 4 | $0 |
Kenneth Robbins Secretary | OfficerTrustee | 2 | $0 |
Jason Kravitt Treasurer | OfficerTrustee | 2 | $0 |
Mitchell D'olier Director | Trustee | 2 | $0 |
Shelley Cramer Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $41,294 |
| Related organizations | $0 |
| Government grants | $1,377,988 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,705,230 |
| Noncash contributions included in lines 1a–1f | $222,216 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,124,512 |
| Total Program Service Revenue | $1,583,701 |
| Investment income | $3,023 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,732,337 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,604,165 |
| Pension plan accruals and contributions | $209,551 |
| Other employee benefits | $595,526 |
| Payroll taxes | $312,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,713 |
| Fees for services: Accounting | $21,111 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $130,277 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,880 |
| Advertising and promotion | $313,342 |
| Office expenses | $114,875 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $158,345 |
| Travel | $141,809 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,141 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,797 |
| Insurance | $37,190 |
| All other expenses | $337,572 |
| Total functional expenses | $5,857,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,427 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,074,761 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,380 |
| Prepaid expenses and deferred charges | $8,692 |
| Net Land, buildings, and equipment | $112,661 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,589 |
| Total assets | $1,519,510 |
| Accounts payable and accrued expenses | $417,320 |
| Grants payable | $0 |
| Deferred revenue | $169,819 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $810,847 |
| Secured mortgages and notes payable | $500,000 |
| Unsecured mortgages and notes payable | $50,333 |
| Other liabilities | $0 |
| Total liabilities | $1,948,319 |
| Net assets without donor restrictions | -$428,809 |
| 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 | $1,519,510 |