Williamsburg Music Association
- Assets
- $1.3m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Williamsburg, VA
- Founding
- 06/1984
- Data as of
- 06/2022
- EIN
- 52-1342360
Organization Overview
Williamsburg Music Association, operating under the name The Williamsburg Symphony Orchestra, is located in Williamsburg, VA. The organization was established in 1984. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Williamsburg Symphony Orchestra employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Williamsburg Symphony Orchestra 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, Williamsburg Symphony Orchestra generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $664.4k during the year ending 06/2022. 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
SEE SCHEDULE O.TO PROMOTE THE STUDY, PERFORMANCE, PUBLIC AWARENESS, AND APPRECIATION OF GOOD MUSIC BY ORGANIZING AND PRESENTING PERFORMANCES OF CLASSICAL MUSIC AND COOPERATING WITH OTHER ARTS ORGANIZATIONS IN THEIR PRESENTATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE THE PERFORMANCE, AWARENESS, AND APPRECIATION OF PROFESSIONAL LEVEL SYMPHONIC MUSIC BY ORGANIZING AND PRESENTING CONCERT PERFORMANCES. COLLABORATE WITH OTHER ARTS ORGANIZATIONS.
ENRICH SCHOOL MUSIC PROGRAMS, ENCOURAGE THE STUDY OF MUSIC, AND PROMOTE THE UNDERSTANDING, ENJOYMENT, AND APPRECIATION OF CLASSICAL MUSIC BY PEOPLE OF ALL AGES. THE ORGANIZATION IS EXPANDING ITS VIRTUAL PRESENCE AND OFFERS VIRTUAL INSTRUMENTAL COACHING CLASSES, LESSON PLANS AND VIDEOS ON THE WEBSITE, AND PRERECORDED VIDEOS FOR MUSIC IN OUR SCHOOLS MONTH (MARCH).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Keurajian Executive Director | Officer | 40 | $90,808 |
Ronald Monark President | OfficerTrustee | 8 | $0 |
Jon Krapfl VP Administration | OfficerTrustee | 14 | $0 |
Ken Mitchell Pres. Wmsbg Symphony Leagu | OfficerTrustee | 12 | $0 |
Song Kang Pres. Wmsbg Youth Orchestr | OfficerTrustee | 2 | $0 |
Marc Sharp Treasurer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $80,000 |
| Government grants | $303,059 |
| All other contributions, gifts, grants, and similar amounts not included above | $346,342 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $729,401 |
| Total Program Service Revenue | $245,881 |
| Investment income | $47,393 |
| 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 | $1,022,675 |
| 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. | $94,408 |
| Compensation of current officers, directors, key employees. | $9,441 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,368 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,855 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $344,816 |
| Advertising and promotion | $48,993 |
| Office expenses | $12,896 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,200 |
| Travel | $0 |
| 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 | $473 |
| Insurance | $1,998 |
| All other expenses | $0 |
| Total functional expenses | $664,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $474,115 |
| Savings and temporary cash investments | $202,287 |
| Pledges and grants receivable | $10,434 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $15,366 |
| Net Land, buildings, and equipment | $569 |
| Investments—publicly traded securities | $561,204 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,263,975 |
| Accounts payable and accrued expenses | $1,769 |
| Grants payable | $0 |
| Deferred revenue | $111,953 |
| 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 | $113,722 |
| Net assets without donor restrictions | $498,501 |
| Net assets with donor restrictions | $651,752 |
| 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 | $1,263,975 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Williamsburg Music Association has recieved totaling $49,858.
| Awarding Organization | Amount |
|---|---|
Greater Williamsburg Community Tr Inc Williamsburg, VA PURPOSE: GENERAL SUPPORT | $49,858 |
Endowment Analysis
| Beg. Balance | $596,211 |
| Earnings | -$60,007 |
| Net Contributions | $25,000 |
| Ending Balance | $561,204 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Country Music Association Inc Nashville, TN | $102,178,283 | $43,001,334 |
Capital Concerts Inc Washington, DC | $5,908,234 | $11,646,682 |
Birthplace Of Country Music Alliance Bristol, TN | $15,699,295 | $2,559,665 |
Musicians On Call Inc Nashville, TN | $3,633,934 | $3,486,106 |
Herbie Hancock Institute Of Jazz Washington, DC | $2,606,776 | $2,382,953 |
Opera Lafayette Washington, DC | $934,993 | $1,317,563 |
Dc Jazz Festival Washington, DC | $509,622 | $1,492,287 |
National Association Of Securities Professionals Washington, DC | $381,412 | $1,369,032 |
Garth Newel Music Center Foundation Corp Warm Springs, VA | $11,030,155 | $3,286,449 |
Alliance For Middle East Peace Inc Washington, DC | $1,104,153 | $1,242,168 |
Blues Foundation Inc Memphis, TN | $4,533,935 | $1,249,645 |
Songbirds Foundation Inc Chattanooga, TN | $16,669,845 | $490,877 |