South Dakota Symphony Orchestra
- Assets
- $5.4m
- Revenue
- $4.0m
- Investments
- $490.3k
- Employees
- 185
- Location
- Sioux Falls, SD
- Founding
- 06/1967
- Data as of
- 06/2023
- EIN
- 46-6017026
Organization Overview
South Dakota Symphony Orchestra is located in Sioux Falls, SD. The organization was established in 1967. 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 06/2023, South Dakota Symphony Orchestra employed 185 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Dakota 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 06/2023, South Dakota Symphony Orchestra generated $4.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $2.5m during the year ending 06/2023. While expenses have increased by 5.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AN UNDERSTANDING & APPRECIATION OF THE ART OF MUSIC THROUGH EDUCATION AND CONCERTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOUTH DAKOTA SYMPHONY ORCHESTRA FULFILLED ITS MISSION OF ENRICHING LIVES THROUGH LIVE MUSIC PERFORMANCE WITH 11 ORCHESTRA CONCERTS, 3 CHAMBER MUSIC CONCERTS, AND EDUCATION AND ENGAGEMENT PROGRAMS THROUGHOUT THE COMMUNITY AND THE STATE. TO MAKE THE MUSIC ACCESSIBLE TO AS MANY PEOPLE AS POSSIBLE, THE SOUTH DAKOTA SYMPHONY MAINTAINS A DIGITAL MUSIC LIBRARY, AND CLASSICAL ORCHESTRA CONCERTS ARE LIVESTREAMED FREE OF CHARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Flicek President | OfficerTrustee | 10 | $0 |
Scott Lawrence Past President | OfficerTrustee | 4 | $0 |
Lisa Gerner Treasurer | OfficerTrustee | 4 | $0 |
James Moore Secretary | OfficerTrustee | 2 | $0 |
Angela Beilke Director | Trustee | 2 | $0 |
Marty Deslauriers Director | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $112,210 |
| Related organizations | $0 |
| Government grants | $79,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,164,249 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,355,459 |
| Total Program Service Revenue | $602,777 |
| Investment income | $25,659 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,529 |
| Net Income from Fundraising Events | $40,016 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,034,440 |
| 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. | $144,757 |
| Compensation of current officers, directors, key employees. | $43,427 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $905,997 |
| Pension plan accruals and contributions | $13,126 |
| Other employee benefits | $71,200 |
| Payroll taxes | $76,900 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $71,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $674,150 |
| Advertising and promotion | $129,286 |
| Office expenses | $34,039 |
| Information technology | $39,641 |
| Royalties | $0 |
| Occupancy | $20,770 |
| Travel | $236,809 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $603 |
| Interest | $2,338 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,400 |
| Insurance | $20,388 |
| All other expenses | $26,550 |
| Total functional expenses | $2,526,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,065,385 |
| Pledges and grants receivable | $2,444,830 |
| Accounts receivable, net | $31,696 |
| 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 | $70,480 |
| Net Land, buildings, and equipment | $92,158 |
| Investments—publicly traded securities | $1,159,711 |
| Investments—other securities | $490,318 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,303 |
| Total assets | $5,371,881 |
| Accounts payable and accrued expenses | $80,630 |
| Grants payable | $0 |
| Deferred revenue | $250,490 |
| 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 | $17,303 |
| Total liabilities | $348,423 |
| Net assets without donor restrictions | $1,575,592 |
| Net assets with donor restrictions | $3,447,866 |
| 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 | $5,371,881 |