Midland Symphony Guild is located in Midland, TX. The organization was established in 2014. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midland Symphony Guild 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 05/2021, Midland Symphony Guild generated $58.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $63.9k during the year ending 05/2021. 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
THE PURPOSE OF THE MIDLAND SYMPHONY GUILD IS TO FINANCIALLY SUPPORT THE EFFORTS OFTHE MIDLAND ODESSA SYMPHONY ORCHESTRA & CHORALE, TO BENEFIT THE MIDLAND ODESSASYMPHONY & CHORALE, AND TO ASSIST THE MIDLAND SYMPHONY ORCHESTRA & CHORALE IN THE ACCOMPLISHMENT OF ITS PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GALA TO RAISE FUNDS FOR THE MIDLAND ODESSA SYMPHONY & CHORALE
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Blanche Wheeless President | OfficerTrustee | 1 | $0 |
Melissa Wicker Vice President | OfficerTrustee | 1 | $0 |
Amy Dodson Treasurer | OfficerTrustee | 1 | $0 |
Jamie Cole Secretary | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $68,188 |
Investment income | $100 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$10,074 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $58,214 |
Statement of Expenses | |
---|---|
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 to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
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 | $0 |
Fees for services: Other | $3,658 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
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 | $0 |
Insurance | $2,785 |
All other expenses | $0 |
Total functional expenses | $63,870 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $35,636 |
Savings and temporary cash investments | $53,346 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $400 |
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 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $89,382 |
Accounts payable and accrued expenses | $1,916 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $37,960 |
Total liabilities | $39,876 |
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 | $49,506 |
Over the last fiscal year, we have identified 1 grants that Midland Symphony Guild has recieved totaling $1,500.
Awarding Organization | Amount |
---|---|
Weaver And Tidwell Privatefoundation Fort Worth, TX PURPOSE: SUPPORT | $1,500 |
Organization Name | Assets | Revenue |
---|---|---|
Texas Advocacy Project Inc Austin, TX | $1,606,192 | $3,119,683 |
Efforts Of Grace Inc New Orleans, LA | $9,750,115 | $6,712,838 |
South Texas Institute For The Arts Corpus Christi, TX | $11,651,943 | $2,742,109 |
Society For Neuro-Oncology Houston, TX | $6,909,260 | $3,914,434 |
Gdiacc Foundation Inc Dallas, TX | $106,516 | $2,129,759 |
Love Station Inc Ponca City, OK | $4,976,987 | $2,048,106 |
Sea Turtle Inc South Padre Island, TX | $11,651,431 | $4,419,765 |
The Walls Project Baton Rouge, LA | $407,630 | $1,770,639 |
Match Midtown Arts & Theater Center Houston Houston, TX | $20,886,964 | $758,825 |
Mayfest Inc Fort Worth, TX | $677,202 | $1,777,166 |
Houston Center For Contemporary Craft Houston, TX | $834,489 | $1,434,425 |
Center Of Southwest Culture Inc Albuquerque, NM | $1,552,874 | $1,362,802 |