The Virginia Symphony Foundation

Organization Overview

The Virginia Symphony Foundation is located in Norfolk, VA. The organization was established in 1988. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Symphony Foundation 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, Virginia Symphony Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 47.5% each year . All expenses for the organization totaled $306.2k during the year ending 06/2022. While expenses have increased by 2.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO RECEIVE FUNDS AND PROPERTY BY GIFT, TRANSFER, DEVISE OR BEQUEST AND ADMINISTRATE AND APPLY SUCH FUNDS IN SUPPORT OF THE VIRGINIA SYMPHONY ORCHESTRA WHICH IS A LEADING CULTURAL ASSET CONNECTING EVERYONE IN HAMPTON ROADS THROUGH THE TRANSFORMATIVE POWER OF EXCEPTIONAL MUSICAL PERFORMANCES AND EDUCATIONAL ACTIVITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FINANCIAL SUPPORT FOR VIRGINIA SYMPHONY ORCHESTRA.


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Board, Officers & Key Employees

Name (title)Compensation
Winthrop Short Jr
President
$0
Bette Minette Cooper
Secretary
$0
Bob Petterson
Treasurer
$0
Teresa Kraus
CFO
$0
Karen Philion
Executive Director
$0
Jane Short
Director
$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$1,701,343
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,701,343
Total Program Service Revenue$0
Investment income $186,105
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $29,957
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,917,405

Grants Recieved

Over the last fiscal year, we have identified 2 grants that The Virginia Symphony Foundation has recieved totaling $1,447,243.

Awarding OrganizationAmount
Virginia Symphony Orchestra

Norfolk, VA

PURPOSE: INVESTMENT FUNDS

$1,350,000
Virginia Symphony Orchestra

Norfolk, VA

PURPOSE: BEQUESTS

$97,243
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$7,394,927
Earnings-$1,061,810
Admin Expense$39,359
Net Contributions$1,746,175
Grants$249,133
Ending Balance$7,790,800

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