Midland Symphony Guild
- Assets
- $89.4k
- Revenue
- $58.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Midland, TX
- Founding
- 07/2014
- Data as of
- 05/2021
- EIN
- 45-4659156
Organization Overview
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
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Board, Officers & Key Employees
| 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 |
Financial Statements
| 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 |