Roanoke Symphony Orchestra
- Assets
- $2.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 108
- Location
- Roanoke, VA
- Founding
- 01/1956
- Data as of
- 06/2022
- EIN
- 54-6019736
Organization Overview
Roanoke Symphony Orchestra is located in Roanoke, VA. The organization was established in 1956. 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, Roanoke Symphony Orchestra employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roanoke 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, Roanoke Symphony Orchestra generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.4m 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
THE PRIMARY PURPOSE OF THE ROANOKE SYMPHONY ORCHESTRA IS TO AFFORD THE CITIZENS OF ROANOKE, VA AND SURROUNDING AREAS OPPORTUNITIES FOR MUSICAL ENTERTAINMENT AND TO OFFER ASSISTANCE AND ENCOURAGEMENT TO YOUNG PERSONS STUDYING MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING VARIOUS CONCERTS AND SYMPHONIC MUSIC TO THE CITIZENS OF THE ROANOKE VALLEY AND SURROUNDING AREAS
OFFERING SUPPORT AND ENCOURAGEMENT TO AREA YOUTH IN THEIR MUSIC STUDIES THROUGH EDUCATION AND YOUTH SYMPHONY PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Wiley Music Director | 30 | $125,720 | |
David Crane Executive Dir. | Officer | 52 | $105,714 |
Paul Economy Vice President | OfficerTrustee | 4 | $0 |
Brett Marston Secretary | OfficerTrustee | 4 | $0 |
Nancy Oliver Gray President | OfficerTrustee | 4 | $0 |
Richard Garbee Treasurer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $6,917 |
| Government grants | $916,589 |
| All other contributions, gifts, grants, and similar amounts not included above | $691,426 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,614,932 |
| Total Program Service Revenue | $639,005 |
| Investment income | $14,650 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,346 |
| Net Income from Fundraising Events | -$6,109 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,284,824 |
| 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. | $121,200 |
| Compensation of current officers, directors, key employees. | $48,480 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $557,731 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,164 |
| Payroll taxes | $48,375 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $79,267 |
| Office expenses | $23,910 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,883 |
| Travel | $41,275 |
| 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 | $4,919 |
| Insurance | $18,413 |
| All other expenses | $124,907 |
| Total functional expenses | $1,416,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $800,716 |
| Savings and temporary cash investments | $947,067 |
| Pledges and grants receivable | $33,000 |
| 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 | $3,350 |
| Net Land, buildings, and equipment | $28,501 |
| Investments—publicly traded securities | $474,374 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,287,008 |
| Accounts payable and accrued expenses | $43,366 |
| Grants payable | $0 |
| Deferred revenue | $195,888 |
| 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 | $239,254 |
| Net assets without donor restrictions | $1,633,182 |
| Net assets with donor restrictions | $414,572 |
| 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 | $2,287,008 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Roanoke Symphony Orchestra has recieved totaling $15,839.
| Awarding Organization | Amount |
|---|---|
Community Foundation Serving Western Virginia Roanoke, VA PURPOSE: ARTS, CULTURE & HUMANITIES | $12,770 |
Logan Iii Charitable Fund Richmond, VA PURPOSE: REBECCA W GOODWIN GUEST | $1,500 |
Rugaber Family Fund Meadows Of Dan, VA PURPOSE: SYMPHONY PERFORMANCE | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $536 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $33 |
Endowment Analysis
| Beg. Balance | $505,468 |
| Earnings | -$65,137 |
| Admin Expense | $5,000 |
| Net Contributions | $44,150 |
| Other Expense | $5,107 |
| Ending Balance | $474,374 |
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 |