Filipino American Symphony Orchestra
- Assets
- $295.4k
- Revenue
- $306.7k
- Investments
- $0.0
- Employees
- 1
- Location
- North Hollywood, CA
- Founding
- 05/2014
- Data as of
- 12/2022
- EIN
- 46-2720347
Organization Overview
Filipino American Symphony Orchestra is located in North Hollywood, CA. The organization was established in 2014. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., 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. Filipino American 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 12/2022, Filipino American Symphony Orchestra generated $306.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $296.6k during the year ending 12/2022. While expenses have increased by 13.8% per year over the past 6 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
FASO IS THE FIRST FILIPINO AMERICAN SYMPHONY ORCHESTRA IN THE ENTIRE U.S. ITS PURPOSE IS TO ASSIST IN DEVELOPING, TRAINING AND PROMOTING FILIPINO MUSICIANS AND ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FASOS MUSIC EDUCATION AND OUTREACH PROGRAMS EMPOWER AGES 8-18 YOUTH AND THEIR FAMILIES FROM BIPOC COMMUNITIES IN PARTNERSHIP WITH SCHOOLS, NON-PROFITS, AND OTHER NEIGHBORHOOD ORGANIZATIONS. THE PROGRAM OFFERS MUSIC INSTRUCTION CLASSES/WORKSHOPS IN VOCALS, INSTRUMENT, SONGWRITING, AND MUSICIANSHIP VIA INDIVIDUAL AND SMALL GROUP LESSONS, ALSO PROVIDING PERFORMANCE OPPORTUNITIES INDIVIDUALLY OR IN ENSEMBLES. FASO USES MUSIC TO ENGAGE DIVERSE COMMUNITIES BY HIGHLIGHTING MUSICAL TRADITIONS FROM DIFFERENT CULTURES.
FASO PRODUCES 1-3 CONCERTS AS PART OF ITS ANNUAL SEASON. THE CONCERTS AND PERFORMANCES ENGAGE DIVERSE AUDIENCES BY PRESENTING A WIDE RANGE OF SYMPHONY MUSIC FROM CLASSICAL TO POP, THAT INCLUDE TRADITIONAL FILIPINO TO WESTERN MUSIC AND OTHERS. ONE OF THE ARTISTIC GOALS IS TO ADVANCE THE FIELD OF SYMPHONY MUSIC BY PRESENTING NEW COMPOSITIONS AND/OR ORCHESTRATIONS BY CONTEMPORARY COMPOSERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jilly Canizares Executive Director | Officer | 20 | $71,936 |
Robert Shroder Music Director | Trustee | 1 | $21,120 |
Don Mike Mendoza Director | Trustee | 0.7 | $14,250 |
Amirah Limayo Secretary | OfficerTrustee | 1 | $3,400 |
Arlene Ferrolino President | OfficerTrustee | 1 | $0 |
Louie Ramos Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $171,564 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,557 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,121 |
| Total Program Service Revenue | $107,612 |
| Investment income | $0 |
| 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 | $306,733 |
| 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. | $104,749 |
| Compensation of current officers, directors, key employees. | $7,721 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,195 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,800 |
| Fees for services: Accounting | $3,473 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $906 |
| Office expenses | $19,135 |
| 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 | $2,261 |
| Insurance | $4,574 |
| All other expenses | $0 |
| Total functional expenses | $296,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,702 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $23,697 |
| Accounts receivable, net | $72,241 |
| 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 | $3,000 |
| Net Land, buildings, and equipment | $8,712 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,033 |
| Total assets | $295,385 |
| Accounts payable and accrued expenses | $32,942 |
| Grants payable | $0 |
| Deferred revenue | $103,400 |
| 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 | $24,000 |
| Other liabilities | $0 |
| Total liabilities | $160,342 |
| Net assets without donor restrictions | $135,043 |
| 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 | $295,385 |