West Virginia Symphony Orchestra Inc
- Assets
- $2.0m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 264
- Location
- Charleston, WV
- Founding
- 04/1963
- Data as of
- 06/2024
- EIN
- 55-0339426
Organization Overview
West Virginia Symphony Orchestra Inc is located in Charleston, WV. The organization was established in 1963. 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 06/2024, West Virginia Symphony Orchestra Inc employed 264 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Virginia 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 06/2024, West Virginia Symphony Orchestra Inc generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $2.7m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE WEST VIRGINIA SYMPHONY ORCHESTRA MAKES GREAT MUSIC TO ENRICH AND INSPIRE EVERYONE IN OUR REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SYMPHONIC CONCERTS THROUGHOUT WEST VIRGINIA AT A MINIMAL COST TO ATTENDEES, REACH AUDIENCES THAT OTHERWISE WOULD NOT HAVE THE OPPORTUNITY TO HEAR LIVE CLASSICAL MUSIC. ALL REVENUES SUPPORT PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy S Mcghee Chairman | OfficerTrustee | 1 | $0 |
Emilie Love Board Member | Trustee | 1 | $0 |
Tim Quinlan Treasurer | OfficerTrustee | 1 | $0 |
Skip Gebhart Board Member | Trustee | 1 | $0 |
Craig Glover Board Member | Trustee | 1 | $0 |
Gene Bailey Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $85,473 |
| Related organizations | $244,715 |
| Government grants | $135,112 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,638,896 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,104,196 |
| Total Program Service Revenue | $678,655 |
| Investment income | $37,069 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$69,303 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,777,523 |
| 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. | $142,923 |
| Compensation of current officers, directors, key employees. | $142,923 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,189,180 |
| Pension plan accruals and contributions | $37,154 |
| Other employee benefits | $75,656 |
| Payroll taxes | $109,572 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,304 |
| Fees for services: Other | $0 |
| Advertising and promotion | $85,944 |
| Office expenses | $144,357 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,478 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,073 |
| Insurance | $22,603 |
| All other expenses | $143,068 |
| Total functional expenses | $2,700,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $374 |
| Savings and temporary cash investments | $665,019 |
| Pledges and grants receivable | $393,028 |
| Accounts receivable, net | $305,806 |
| 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 | $37,744 |
| Net Land, buildings, and equipment | $65,194 |
| Investments—publicly traded securities | $338,251 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $197,433 |
| Total assets | $2,002,849 |
| Accounts payable and accrued expenses | $66,435 |
| Grants payable | $0 |
| Deferred revenue | $144,505 |
| 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 | $200,421 |
| Total liabilities | $411,361 |
| Net assets without donor restrictions | $965,808 |
| Net assets with donor restrictions | $625,680 |
| 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 | $2,002,849 |