South Dakota Symphony Orchestra

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 06/2021, South Dakota Symphony Orchestra employed 142 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 06/2020, South Dakota Symphony Orchestra generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $2.3m during the year ending 06/2020. While expenses have increased by 5.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

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 GIVEN THE CHALLENGE THE COVID-19 PANDEMIC PRESENTED FOR GATHERING AUDIENCES AND MUSICIANS TOGETHER FOR IN-PERSON CONCERTS. THE SDSO MAINTAINED ITS COMMITMENT TO KEEP THE MUSIC GOING FOR AUDIENCES OF ALL AGES BY LAUNCHING A DIGITAL LIBRARY OF RECITALS, CLASSICAL MUSIC TALKS, MUSIC EDUCATION VIDEOS, STREAMED EDUCATION AND ENGAGEMENT PROGRAMS, AND LIVE CONCERTS WITH A SMALLER, PHYSICALLY DISTANCED AND MASKED ORCHESTRA AND AUDIENCE. IN SPITE OF THE OBSTACLES OF THE PANDEMIC DURING FISCAL YEAR 2021, THE SDSO PERFORMED 11 ORCHESTRA CONCERTS, HALF OF WHICH WERE LIVESTREAMED FOR AUDIENCES WHO COULD NOT ATTEND IN PERSON, AND 3 CHAMBER MUSIC CONCERTS.


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Board, Officers & Key Employees

Name (title)Compensation
Jennifer Teisinger
Executive Director
$118,308
Scott Lawrence
President
$0
James Moore
Past President
$0
Allison Suttle
Vice President (thru Dec. 2020)
$0
Jack Marsh
Secretary
$0
Lisa Gerner
Treasurer
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$1,577,161
Investment income $19,161
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $61,405
Net Income from Fundraising Events $4,312
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,231,218

Grants Recieved

Over the last fiscal year, we have identified 7 grants that South Dakota Symphony Orchestra has recieved totaling $174,609.

Awarding OrganizationAmount
Sanford

Sioux Falls, SD

PURPOSE: ECONOMIC DEVELOPMENT

$85,000
South Dakota Community Foundation

Pierre, SD

PURPOSE: Community welfare and betterment

$71,833
Dakota Charitable Foundation Inc

Rapid City, SD

PURPOSE: CHARITABLE

$8,000
Xcel Energy Foundation

Minneapolis, MN

PURPOSE: ARTS AND CULTURE GRANT

$7,000
Eugene & Agnes E Meyer Foundation

Washington, DC

PURPOSE: TO SUPPORT GENERAL OPERATIONS IN MEMORY OF KARI DEN OTTER

$2,500
Piper Jaffray Foundation

Minneapolis, MN

PURPOSE: GIFT MATCHING PAYMENTS

$250
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$785,650
Earnings$294,253
Net Contributions$25,000
Other Expense$120,640
Ending Balance$984,263

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