Omaha Symphony Association
- Assets
- $63.7m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 189
- Location
- Omaha, NE
- Founding
- 10/1943
- Data as of
- 06/2022
- EIN
- 47-6039304
Organization Overview
Omaha Symphony Association is located in Omaha, NE. The organization was established in 1943. 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, Omaha Symphony Association employed 189 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Omaha Symphony 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, Omaha Symphony Association generated $10.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $8.4m during the year ending 06/2022. While expenses have increased by 1.3% per year over the past 7 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
TO ENRICH PEOPLE'S LIVES THROUGH THE EXHILARATING EXPERIENCE OF LIVE ORCHESTRAL MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OMAHA SYMPHONY SERVED ITS COMMUNITY WITH OVER 70 LIVE CONCERTS, OFFERING A DIVERSE RANGE OF CLASSICAL AND POPULAR MUSIC, AND INCREASED ITS DIGITAL REACH WITH A NETWORK TELEVISION BROADCAST AS WELL AS ADDED CONTENT AT SYMPHONYANYWHERE.COM AND THE EDUCATION-FOCUSED VIRTUAL CLASSROOM. THE OMAHA SYMPHONY SERVED MORE THAN 40,000 WITH IN-PERSON EVENTS, MORE THAN 125,000 THROUGH ITS DIGITAL INITIATIVES, AND ANOTHER 27,000 THROUGH IN-PERSON EDUCATION PROGRAMMING AND THE CONTINUATION OF OUR VIRTUAL CLASSROOM.
OMAHA SYMPHONY EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS SERVE MORE THAN 30,000 PARTICIPANTS THROUGHOUT THE GREATER OMAHA METRO AREA, THE STATE OF NEBRASKA, AND WESTERN IOWA. DEEPLY COMMITTED TO ITS EDUCATIONAL ENDEAVORS, IN ANY GIVEN SEASON 30-35% OF THE ORCHESTRA'S SERVICES ARE DEDICATED TO EDUCATION, COMMUNITY ENGAGEMENT, AND FAMILY CONCERT EXPERIENCES. THE OMAHA SYMPHONY PROVIDES EDUCATIONAL PROGRAMS ANNUALLY FOR STUDENTS AGED PRE-K THROUGH HIGH SCHOOL. ADULT EDUCATION PROGRAMS INCLUDE PRE-CONCERT LECTURES AND CONDUCTING SEMINARS FOR MUSIC EDUCATORS. DURING THE PANDEMIC, THE ORCHESTRA DEVELOPED A VIRTUAL CLASSROOM, ENGAGING STUDENTS IN DIGITAL CONCERTS, A LEARNING LIBRARY, AND VIRTUAL VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer L Boomgaarden Ex Officio, President And CEO | Trustee | 60 | $225,855 |
Jack Rago Ex Officio, Orchestra Committee Chair | Trustee | 1 | $49,407 |
Brett Hodge Ex Officio, Musician Representative | Trustee | 1 | $46,075 |
Jeffery P Gold Board Member | Trustee | 1 | $0 |
Jeff Gordman Board Member | Trustee | 1 | $0 |
Eric N Gurley Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,263,137 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,325,847 |
| Noncash contributions included in lines 1a–1f | $45,780 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,588,984 |
| Total Program Service Revenue | $2,285,771 |
| Investment income | $889,603 |
| 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 | $10,617,532 |
| 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. | $284,324 |
| Compensation of current officers, directors, key employees. | $284,324 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,850,013 |
| Pension plan accruals and contributions | $88,371 |
| Other employee benefits | $451,669 |
| Payroll taxes | $450,028 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,326 |
| Fees for services: Accounting | $125,501 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $119,190 |
| Advertising and promotion | $271,810 |
| Office expenses | $402,189 |
| Information technology | $49,512 |
| Royalties | $0 |
| Occupancy | $403,703 |
| Travel | $183,901 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,490 |
| Interest | $2,934 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,512 |
| Insurance | $17,671 |
| All other expenses | $87,908 |
| Total functional expenses | $8,440,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $882,494 |
| Savings and temporary cash investments | $1,207,555 |
| Pledges and grants receivable | $12,171,250 |
| Accounts receivable, net | $860,164 |
| 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 | $312,864 |
| Net Land, buildings, and equipment | $621,910 |
| Investments—publicly traded securities | $47,647,476 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,998 |
| Total assets | $63,749,711 |
| Accounts payable and accrued expenses | $223,394 |
| Grants payable | $0 |
| Deferred revenue | $1,338,889 |
| 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 | $0 |
| Total liabilities | $1,562,283 |
| Net assets without donor restrictions | $9,033,512 |
| Net assets with donor restrictions | $53,153,916 |
| 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 | $63,749,711 |