Delaware Symphony Association
- Assets
- $2.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 101
- Location
- Wilmington, DE
- Founding
- 12/1948
- Data as of
- 06/2022
- EIN
- 51-6017449
Organization Overview
Delaware Symphony Association is located in Wilmington, DE. The organization was established in 1948. 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, Delaware Symphony Association employed 101 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware 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, Delaware Symphony Association generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 0.3% 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
THE DELAWARE SYMPHONY ORCHESTRA IS DEDICATED TO ENRICHING LIVES THROUGH INSPIRING MUSICAL EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLASSICS SERIES CONCERTS
CHAMBER SERIES CONCERTS
EDUCATIONAL OUTREACH ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Amado Music Director | Officer | 40 | $120,000 |
John C Barker Executive Director | Officer | 40 | $100,000 |
David J Kubacki President | OfficerTrustee | 2 | $0 |
Charles W Babcock Vice President | OfficerTrustee | 2 | $0 |
Alice Rochelle Hughes Vice President | OfficerTrustee | 2 | $0 |
Patricia Zaharko Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $176,180 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,111,764 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,287,944 |
| Total Program Service Revenue | $160,699 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $19,748 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,305 |
| Net Income from Fundraising Events | -$40 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,506,268 |
| 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. | $281,435 |
| Compensation of current officers, directors, key employees. | $119,978 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $661,337 |
| Pension plan accruals and contributions | $41,841 |
| Other employee benefits | $35,248 |
| Payroll taxes | $66,146 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,681 |
| Fees for services: Other | $0 |
| Advertising and promotion | $43,065 |
| Office expenses | $28,453 |
| Information technology | $0 |
| Royalties | $580 |
| Occupancy | $104,246 |
| Travel | $4,191 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,136 |
| Insurance | $24,405 |
| All other expenses | $29,184 |
| Total functional expenses | $1,502,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $318,940 |
| Savings and temporary cash investments | $296,253 |
| Pledges and grants receivable | $47,390 |
| Accounts receivable, net | $114 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $976 |
| Prepaid expenses and deferred charges | $31,425 |
| Net Land, buildings, and equipment | $169,452 |
| Investments—publicly traded securities | $1,171,667 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,036,217 |
| Accounts payable and accrued expenses | $23,032 |
| Grants payable | $0 |
| Deferred revenue | $61,530 |
| 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 | $84,562 |
| Net assets without donor restrictions | $1,241,792 |
| Net assets with donor restrictions | $709,863 |
| 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 | $2,036,217 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Delaware Symphony Association has recieved totaling $9,890.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $5,500 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $3,375 |
Nor Easter Foundation Wilmington, DE PURPOSE: RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Endowment Analysis
| Beg. Balance | $775,688 |
| Earnings | -$122,269 |
| Ending Balance | $653,419 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baltimore Symphony Orchestra Inc Baltimore, MD | $16,033,795 | $20,177,740 |
New Jersey Symphony Orchestra Newark, NJ | $12,634,412 | $12,910,552 |
National Philharmonic Orchestra & Chorale Of Mongomery County Inc North Bethesda, MD | $1,849,727 | $2,888,620 |
Harrisburg Symphony Association Harrisburg, PA | $13,261,535 | $3,046,479 |
Allentown Symphony Association Inc Allentown, PA | $15,521,853 | $2,408,487 |
Philadelphia Youth Orchestra Philadelphia, PA | $1,696,190 | $1,961,434 |
Princeton Symphony Orchestra Inc Princeton, NJ | $11,470,025 | $3,029,525 |
Reading Symphony Orchestra Assn Reading, PA | $2,131,744 | $1,809,021 |
Annapolis Symphony Orchestra Association Inc Annapolis, MD | $7,107,921 | $5,168,158 |
Delaware Symphony Association Wilmington, DE | $2,036,217 | $1,506,268 |
Erie Philharmonic Erie, PA | $4,500,246 | $2,304,109 |
Johnstown Symphony Orchestra Johnstown, PA | $1,355,239 | $1,000,958 |