Symphonicity The Symphony Orchestra Of Virginia Beach
- Assets
- $372.0k
- Revenue
- $361.7k
- Investments
- $0.0
- Employees
- 8
- Location
- Virginia Beach, VA
- Founding
- 12/1982
- Data as of
- 06/2022
- EIN
- 52-1270466
Organization Overview
Symphonicity The Symphony Orchestra Of Virginia Beach is located in Virginia Beach, VA. The organization was established in 1982. 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, Symphonicity The Symphony Orchestra Of Virginia Beach employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Symphonicity The Symphony Orchestra Of Virginia Beach 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, Symphonicity The Symphony Orchestra Of Virginia Beach generated $361.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $368.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 years. 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
SYMPHONICITY, THE PREMIER VOLUNTEER ORCHESTRA OF VIRGINIA BEACH, OFFERS TALENTED AND DIVERSE MUSICIANS OPPORTUNITIES THAT PROVIDE INNOVATIVE PERFORMANCES AND EDUCATIONAL OUTREACH FOR THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY ORCHESTRA PROVIDING FREE OR LOW COST PERFORMANCES FOR PUBLIC ENJOYMENT AND TO PROMOTE THE LOVE OF MUSIC.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel W Boothe Music Direct | Officer | 35 | $45,000 |
Lynette Andrews Executive Di | Officer | 35 | $42,000 |
Leigh Cason Treasurer | OfficerTrustee | 3 | $0 |
Richard Pulley Vice Preside | OfficerTrustee | 1 | $0 |
Martha Mccrory Secretary | OfficerTrustee | 1 | $0 |
Marguerite Alley President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $35,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $107,866 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,993 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $216,859 |
| Total Program Service Revenue | $135,880 |
| Investment income | $3,500 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,587 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,126 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $361,700 |
| 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. | $87,000 |
| Compensation of current officers, directors, key employees. | $15,270 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,700 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,280 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $225 |
| Fees for services: Accounting | $1,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,117 |
| Fees for services: Other | $72,758 |
| Advertising and promotion | $35,897 |
| Office expenses | $20,270 |
| Information technology | $1,245 |
| Royalties | $0 |
| Occupancy | $18,902 |
| Travel | $3,370 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $106 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,220 |
| Insurance | $4,869 |
| All other expenses | $0 |
| Total functional expenses | $368,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,199 |
| Savings and temporary cash investments | $22,599 |
| Pledges and grants receivable | $1,557 |
| Accounts receivable, net | $6,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $506 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,970 |
| Investments—publicly traded securities | $168,266 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,935 |
| Total assets | $372,032 |
| Accounts payable and accrued expenses | $491 |
| Grants payable | $0 |
| Deferred revenue | $14,471 |
| 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 | $14,962 |
| Net assets without donor restrictions | $357,070 |
| Net assets with donor restrictions | $0 |
| 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 | $372,032 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Symphonicity The Symphony Orchestra Of Virginia Beach has recieved totaling $115,507.
| Awarding Organization | Amount |
|---|---|
United Way Of South Hampton Roads Norfolk, VA PURPOSE: GRANTS AWARDED | $85,000 |
Business Consortium For Arts Supp Norfolk, VA PURPOSE: ART SUPPORT | $11,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $10,750 |
Hampton Roads Community Foundation Norfolk, VA PURPOSE: 2021 SUPPORT FOR "HIDDEN TREASURES: IN A DREAM" CONCERT | $5,120 |
Amg Charitable Gift Foundation Greenwood Village, CO PURPOSE: ARTS | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $137 |
Endowment Analysis
| Beg. Balance | $40,267 |
| Earnings | -$16,290 |
| Admin Expense | $2,117 |
| Net Contributions | $190,251 |
| Other Expense | $3,910 |
| Ending Balance | $208,201 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baltimore Symphony Orchestra Inc Baltimore, MD | $16,033,795 | $20,177,740 |
North Carolina Symphony Society Inc Raleigh, NC | $32,524,457 | $22,246,893 |
Charlotte Symphony Orchestra Society Inc Charlotte, NC | $18,656,267 | $14,331,249 |
Nashville Symphony Association Nashville, TN | $100,031,908 | $12,366,678 |
The Louisville Orchestra Inc Louisville, KY | $7,756,568 | $11,516,592 |
Virginia Symphony Orchestra Norfolk, VA | $5,267,903 | $8,191,490 |
Richmond Symphony Richmond, VA | $2,392,826 | $8,372,945 |
Knoxville Symphony Society Inc Knoxville, TN | $1,484,079 | $3,960,669 |
Memphis Symphony Orchestra Inc Memphis, TN | $6,274,797 | $4,582,397 |
Greensboro Symphony Orchestra Incorporated Greensboro, NC | $1,104,196 | $3,569,093 |
National Philharmonic Orchestra & Chorale Of Mongomery County Inc North Bethesda, MD | $1,849,727 | $2,888,620 |
Winston Salem Symphony Assoc Winstonsalem, NC | $6,175,789 | $3,471,563 |