Lincoln Orchestra Association
- Assets
- $429.0k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 131
- Location
- Lincoln, NE
- Founding
- 05/1994
- Data as of
- 06/2022
- EIN
- 47-0773445
Organization Overview
Lincoln Orchestra Association is located in Lincoln, NE. The organization was established in 1994. 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 06/2022, Lincoln Orchestra Association employed 131 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Orchestra Association 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 06/2022, Lincoln Orchestra Association generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 6.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LINCOLN'S SYMPHONY ORCHESTRA WILL PRESENT INSPIRING EXPERIENCES THAT WELCOME ALL MEMBERS OF OUR COMMUNITY TO DISCOVER AND CULTIVATE A PROFOUND, PERSONAL CONNECTION WITH LIVE ORCHESTRAL MUSIC.
Describe the Organization's Program Activity:
LINCOLN'S SYMPHONY ORCHESTRA REACHES MORE THAN 12,000 AUDIENCE MEMBERS EACH YEAR WITH SIX CLASSICAL CONCERTS AND TWO POPS CONCERTS AT THE LIED CENTER FOR PERFORMING ARTS. IN THESE CONCERTS, WE OFFER SYMPHONIC REPERTOIRE PLAYED BY OUR PROFESSIONAL MUSICIANS ALONGSIDE WORLD-RENOWNED SOLOISTS AND IN COLLABORATION WITH LOCAL ARTS ORGANIZATIONS. IN AN EFFORT TO BE ACCESSIBLE TO ALL SEGMENTS OF OUR COMMUNITY, WE IMPLEMENTED NEW AFFORDABLE TICKET PRICES OF 15 AND 35, WITH REDUCED-PRICED TICKETS AVAILABLE TO YOUNG PROFESSIONALS AND MUSIC EDUCATORS. LINCOLN SYMPHONY ORCHESTRA'S 72 MUSICIANS ALSO REGULARLY VOLUNTEER THEIR TIME AT LOCAL NONPROFITS, SCHOOLS AND CHURCHES. AS A GROUP, LINCOLN SYMPHONY ORCHESTRA'S MUSICIANS AND VOLUNTEERS SERVE ON MORE THAN 30 NONPROFIT BOARDS IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Polochick Music Direct | Officer | 40 | $83,750 |
Barbara Zach Executive Di | Officer | 40 | $83,700 |
Drew Brown Treasurer | OfficerTrustee | 1.5 | $0 |
Nancy Hove-Graul Secretary | OfficerTrustee | 1.5 | $0 |
Kirby Reardon President | OfficerTrustee | 1.5 | $0 |
Andre Barry Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $191,218 |
| All other contributions, gifts, grants, and similar amounts not included above | $916,944 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,108,162 |
| Total Program Service Revenue | $191,352 |
| Investment income | $5 |
| 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 | $1,300,084 |
| 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. | $176,380 |
| Compensation of current officers, directors, key employees. | $91,380 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $471,667 |
| Pension plan accruals and contributions | $6,325 |
| Other employee benefits | $41,975 |
| Payroll taxes | $53,731 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,229 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $144,600 |
| Advertising and promotion | $16,716 |
| Office expenses | $51,977 |
| Information technology | $0 |
| Royalties | $1,484 |
| Occupancy | $92,013 |
| Travel | $52,815 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,727 |
| Interest | $945 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,944 |
| All other expenses | $0 |
| Total functional expenses | $1,179,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,348 |
| Savings and temporary cash investments | $213,162 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,349 |
| 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 | $4,131 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $428,990 |
| Accounts payable and accrued expenses | $46,780 |
| Grants payable | $0 |
| Deferred revenue | $50,813 |
| 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 | $18,222 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $115,815 |
| Net assets without donor restrictions | $310,691 |
| Net assets with donor restrictions | $2,484 |
| 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 | $428,990 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lincoln Orchestra Association has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Dolezal Family Foundation Charitable Trust Lincoln, NE PURPOSE: GENERAL CHARITABLE PURPOSE | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kansas City Symphony Kansas City, MO | $64,822,369 | $17,397,853 |
Colorado Symphony Association Denver, CO | $12,961,781 | $18,715,868 |
Saint Louis Symphony Endowment Trust Saint Louis, MO | $280,111,729 | $18,922,089 |
Omaha Symphony Association Omaha, NE | $71,026,158 | $5,852,032 |
Des Moines Symphony Association Des Moines, IA | $12,208,795 | $2,653,432 |
South Dakota Symphony Orchestra Sioux Falls, SD | $2,471,738 | $2,231,218 |
Quad City Symphony Orchestra Association Davenport, IA | $1,491,842 | $2,535,869 |
Wichita Symphony Society Inc Wichita, KS | $8,512,602 | $2,677,998 |
Colorado Springs Philharmonic Orchestra Colorado Springs, CO | $3,792,415 | $1,751,968 |
The Symphony Fund Denver, CO | $76,088,728 | $4,099,144 |
Orchestra Iowa Inc Cedar Rapids, IA | $6,413,175 | $1,876,177 |
Boulder Philharmonic Orchestra Boulder, CO | $1,166,319 | $1,630,291 |