Orlando Philharmonic Plaza Foundation Inc
- Assets
- $758.3k
- Revenue
- $342.1k
- Investments
- $0.0
- Employees
- 50
- Location
- Orlando, FL
- Founding
- 11/2013
- Data as of
- 06/2021
- EIN
- 46-3138469
Organization Overview
Orlando Philharmonic Plaza Foundation Inc is located in Orlando, FL. The organization was established in 2013. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Orlando Philharmonic Plaza Foundation Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orlando Philharmonic Plaza Foundation 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 06/2021, Orlando Philharmonic Plaza Foundation Inc generated $342.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (35.2%) each year. All expenses for the organization totaled $671.3k during the year ending 06/2021. 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 ORLANDO PHILHARMONIC PLAZA FOUNDATION, INC. (THE "ORGANIZATION") IS A FLORIDA NONPROFIT CORPORATION RECENTLY FORMED. THE ORGANIZATION HAS BEEN ESTABLISHED AND IS TO BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED FROM TIME TO TIME (THE "CODE"). THE ORGANIZATION SHALL AT ALL TIMES BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE CHARITABLE AND EDUCATIONAL PURPOSES OF A CLASS OF "QUALIFIED ORGANIZATIONS" DESCRIBED IN CODE SECTION 501(C)(3) AND CODE SECTION 509(A)(1) OR (2) THAT ARE ENGAGED IN THE PERFORMING ARTS IN THE ORLANDO, FLORIDA AREA. THE ORGANIZATION SHALL PROMOTE THE GROWTH AND APPRECIATION OF MUSIC AND OTHER PERFORMING ARTS BY ENGAGING IN VARIOUS ACTIVITIES, INCLUDING, WITHOUT LIMITATION, PROVIDING CONTRIBUTIONS AND OTHER RESOURCES TO QUALIFIED ORGANIZATIONS ENGAGED IN THE PERFORMING ARTS IN THE ORLANDO, FLORIDA AREA. SPECIFICA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLAZA LIVE THEATRE: A NEW ERA FOR THE PHILHARMONIC THE ORLANDO PHILHARMONIC IS PERHAPS THE FIRST AMERICAN ORCHESTRA TO USE A CONTEMPORARY MUSIC VENUE AS A WAY TO REACH NEW AUDIENCES AND SUSTAIN THE ORGANIZATION. OUR NEW PLAZA HOME GIVES US AN OPPORTUNITY TO EXPAND OUR PROGRAMMING AS WELL AS PROVIDE NEEDED FACILITIES: AN IMPROVED VENUE FOR SMALLER PHILHARMONIC CONCERTS, AN APPROPRIATE REHEARSAL FACILITY FOR THE ORCHESTRA, ADEQUATE OFFICE, STORAGE AND MUSIC LIBRARY SPACE, AND FREE PARKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Schillhammer Vice Preside | OfficerTrustee | 1 | $0 |
Susie Dyer Secretary | OfficerTrustee | 1 | $0 |
Joanne Grant President | OfficerTrustee | 1 | $0 |
Al Michejda Director | Trustee | 1 | $0 |
Kimra Major-Morris Director | Trustee | 1 | $0 |
Graham Jarrett Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $110,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $133,449 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $243,449 |
| Total Program Service Revenue | $98,650 |
| Investment income | $8 |
| 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 | $342,110 |
| 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 | $125,484 |
| 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 | $10,343 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,983 |
| Office expenses | $5,606 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,469 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $47,158 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,726 |
| Insurance | $60,221 |
| All other expenses | $26,840 |
| Total functional expenses | $671,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $253,854 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $176,974 |
| 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 | $31,393 |
| Net Land, buildings, and equipment | $296,071 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $758,292 |
| Accounts payable and accrued expenses | $187,208 |
| Grants payable | $0 |
| Deferred revenue | $51,385 |
| 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 | $277,225 |
| Other liabilities | $925,000 |
| Total liabilities | $1,440,818 |
| Net assets without donor restrictions | -$682,526 |
| 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 | $758,292 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Orlando Philharmonic Plaza Foundation Inc has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
Jerome Frankel Foundation Evanston, IL PURPOSE: GENERAL FUNDS | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adrienne Arsht Center Trust Inc Miami, FL | $40,375,100 | $35,550,513 |
Dr Phillips Center For The Performing Arts Inc Orlando, FL | $72,410,407 | $23,068,254 |
Broward Performing Arts Foundation Inc Fort Lauderdale, FL | $22,267,625 | $6,295,369 |
Alabama Educational Television Foundation Authority Birmingham, AL | $11,749,441 | $5,899,982 |
Udt-Seal Museum Association Inc Fort Pierce, FL | $11,703,499 | $4,225,376 |
Tampa Bay Performing Arts Center Foundation Inc Tampa, FL | $58,693,450 | $5,079,168 |
Bellingrath Gardens And Home Foundation Inc Theodore, AL | $4,998,208 | $3,680,917 |
Sarasota Performing Arts Center Foundation Inc Sarasota, FL | $17,775,293 | $3,231,495 |
The Callanwolde Foundation Inc Atlanta, GA | $3,540,357 | $1,973,152 |
Birmingham Negro Southern League Museum Foundation Birmingham, AL | $525,950 | $1,055,962 |
John & Mable Ringling Museum Of Art Foundation Sarasota, FL | $7,269,339 | $1,949,232 |
Liberty Regional Medical Center Inc Hinesville, GA | $65,773 | $1,307,530 |