Delaware Symphony Association
- Assets
- $2.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 216
- Location
- Wilmington, DE
- Founding
- 12/1948
- Data as of
- 06/2023
- 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 06/2023, Delaware Symphony Association employed 216 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 06/2023, Delaware Symphony Association generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.9m during the year ending 06/2023. While expenses have increased by 3.1% 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
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
THIS INCLUDES ANYTHING PROGRAM RELATED, BUT NOT SPECIFIC TO CLASSICS, CHAMBER OR EDUCATION. FOR THIS SEASON, MOST PERTAINS TO A CONCERT HELD IN PARTNERSHIP WITH THE GRAND OPERA HOUSE AND OPERA DELAWARE. THERE WERE ALSO A HANDFUL OF OUTREACH EVENTS THIS YEAR INCLUDING MEMORIAL SERVICES, NEMOURS ESTATE SPECIAL EVENTS, AUDITIONS, AND DELAWARE SYMPHONY EVENTS.
CHAMBER SERIES CONCERTS
EDUCATIONAL OUTREACH ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Fleming President | OfficerTrustee | 2 | $0 |
Charles W Babcock Vice President | OfficerTrustee | 2 | $0 |
Frank Clowes Vice President | OfficerTrustee | 2 | $0 |
Patricia Zaharko Treasurer | OfficerTrustee | 2 | $0 |
Debbie W Green Secretary | OfficerTrustee | 2 | $0 |
James M Ellison Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $290,379 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,276,654 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,567,033 |
| Total Program Service Revenue | $281,821 |
| Investment income | $26,375 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,006 |
| Net Income from Fundraising Events | -$14,379 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,859,645 |
| 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. | $276,287 |
| Compensation of current officers, directors, key employees. | $127,172 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $920,856 |
| Pension plan accruals and contributions | $58,448 |
| Other employee benefits | $54,454 |
| Payroll taxes | $82,476 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,900 |
| Fees for services: Other | $3,400 |
| Advertising and promotion | $77,640 |
| Office expenses | $29,916 |
| Information technology | $0 |
| Royalties | $1,627 |
| Occupancy | $112,537 |
| Travel | $9,058 |
| 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 | $13,770 |
| Insurance | $28,877 |
| All other expenses | $50,320 |
| Total functional expenses | $1,889,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,874 |
| Savings and temporary cash investments | $492,116 |
| Pledges and grants receivable | $335,340 |
| Accounts receivable, net | $0 |
| 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 | $28,550 |
| Net Land, buildings, and equipment | $155,682 |
| Investments—publicly traded securities | $1,059,016 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,378 |
| Total assets | $2,175,932 |
| Accounts payable and accrued expenses | $30,176 |
| Grants payable | $0 |
| Deferred revenue | $32,535 |
| 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 | $43,378 |
| Total liabilities | $106,089 |
| Net assets without donor restrictions | $1,219,764 |
| Net assets with donor restrictions | $850,079 |
| 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 | $2,175,932 |