Lynchburg Symphony Orchestra Inc
- Assets
- $218.7k
- Revenue
- $351.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Lynchburg, VA
- Founding
- 09/1983
- Data as of
- 05/2022
- EIN
- 52-1304854
Organization Overview
Lynchburg Symphony Orchestra Inc is located in Lynchburg, VA. The organization was established in 1983. 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 05/2022, Lynchburg Symphony Orchestra Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lynchburg Symphony Orchestra Inc 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 05/2022, Lynchburg Symphony Orchestra Inc generated $351.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $377.3k during the year ending 05/2022. While expenses have increased by 24.1% 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
PROVIDE LYNCHBURG, VIRGINIA COMMUNITY WITH SYMPHONIC MUSIC PERFORMANCES AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
SYMPHONIC MUSIC PERFORMANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Lewis Executive Di | Officer | 40 | $35,700 |
Tad Hardin President | OfficerTrustee | 2 | $0 |
William Jones Treasurer | OfficerTrustee | 2 | $0 |
Rachel Love Vice Preside | OfficerTrustee | 2 | $0 |
Jacqueline Mosby Secretary | OfficerTrustee | 2 | $0 |
Yevgeniy Dovgalyuk Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $176,842 |
| Noncash contributions included in lines 1a–1f | $5,708 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,842 |
| Total Program Service Revenue | $167,932 |
| Investment income | $6,812 |
| 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 | $351,627 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,084 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,073 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,546 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,553 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,294 |
| Fees for services: Other | $277,535 |
| Advertising and promotion | $0 |
| Office expenses | $8,862 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,409 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,650 |
| Insurance | $5,665 |
| All other expenses | $0 |
| Total functional expenses | $377,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,399 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,308 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $82,991 |
| Total assets | $218,698 |
| Accounts payable and accrued expenses | $2,007 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,445 |
| Total liabilities | $5,452 |
| Net assets without donor restrictions | $130,255 |
| Net assets with donor restrictions | $82,991 |
| 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 | $218,698 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Lynchburg Symphony Orchestra Inc has recieved totaling $47,488.
| Awarding Organization | Amount |
|---|---|
Greater Lynchburg Community Foundation Lynchburg, VA PURPOSE: ANNUAL DONOR-DESIGNATED GRANT; TO SUPPORT YOUTH MUSIC EDUCATION | $17,064 |
Andrew H Easley & Anne O Easley Trust Lynchburg, VA PURPOSE: TIMPANI DRUMS AND SHEET MUSIC | $10,000 |
Schewel Charitable Foundation Lynchburg, VA PURPOSE: OPERATIONAL EXPENSES | $10,000 |
Centra Health Inc Lynchburg, VA PURPOSE: Community Svcs | $10,000 |
Baird Foundation Inc Milwaukee, WI PURPOSE: GENERAL SUPPORT | $375 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $49 |
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 |