Western Piedmont Symphony-The Unifour Orchestra Inc
- Assets
- $730.1k
- Revenue
- $779.2k
- Investments
- $548.8k
- Employees
- 75
- Location
- Hickory, NC
- Founding
- 03/1973
- Data as of
- 06/2022
- EIN
- 56-1023290
Organization Overview
Western Piedmont Symphony-The Unifour Orchestra Inc is located in Hickory, NC. The organization was established in 1973. 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, Western Piedmont Symphony-The Unifour Orchestra Inc employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Piedmont Symphony-The Unifour 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 06/2022, Western Piedmont Symphony-The Unifour Orchestra Inc generated $779.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $628.5k during the year ending 06/2022. While expenses have increased by 0.4% 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
PROMOTE ENJOYMENT OF THE MUSICAL ARTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTER THE DEVELOPMENT OF AN APPRECIATION OF THE MUSICAL ARTS BY PROMOTING AND PRODUCING SYMPHONIC, CHAMBER AND INSTRUMENTAL MUSICAL PRODUCTIONS AND ENTERTAINMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D'ann Grell President Elect | OfficerTrustee | 0 | $0 |
Sharon Goodwin President | OfficerTrustee | 0 | $0 |
Allister Morris Secretary | OfficerTrustee | 0 | $0 |
Michael Roper Treasurer | OfficerTrustee | 0 | $0 |
Lu Griffin Board Member | Trustee | 0 | $0 |
Gary Mcdougal Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $26,068 |
| Membership dues | $8,030 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $368,302 |
| Noncash contributions included in lines 1a–1f | $24,960 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $402,400 |
| Total Program Service Revenue | $0 |
| Investment income | $21,126 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $45,620 |
| Net Income from Fundraising Events | $254,769 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $779,161 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $349,128 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,500 |
| Payroll taxes | $26,893 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,370 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,882 |
| Advertising and promotion | $20,292 |
| Office expenses | $24,008 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,132 |
| Travel | $2,000 |
| 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 | $8,640 |
| Insurance | $4,038 |
| All other expenses | $23,851 |
| Total functional expenses | $628,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,745 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,110 |
| 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 | $4,716 |
| Net Land, buildings, and equipment | $48,369 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $548,750 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,363 |
| Total assets | $730,053 |
| Accounts payable and accrued expenses | $2,751 |
| 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 | $44,435 |
| Total liabilities | $47,186 |
| Net assets without donor restrictions | $417,421 |
| Net assets with donor restrictions | $265,446 |
| 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 | $730,053 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Western Piedmont Symphony-The Unifour Orchestra Inc has recieved totaling $59,971.
| Awarding Organization | Amount |
|---|---|
United Arts Council Of Catawba County Hickory, NC PURPOSE: ASSISTANCE WITH SYMPHONIC PERFORMANCES | $34,568 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $10,000 |
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: ARTS, CULTURE & HUMANITIES | $9,800 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $5,575 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $28 |
Endowment Analysis
| Beg. Balance | $411,584 |
| Earnings | -$39,902 |
| Admin Expense | $7,634 |
| Net Contributions | $31,550 |
| Ending Balance | $395,598 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
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 |
Winston Salem Symphony Assoc Winstonsalem, NC | $6,175,789 | $3,471,563 |
Charleston Symphony Orchestra Charleston, SC | $3,900,208 | $3,884,009 |
Augusta Symphony Inc Augusta, GA | $19,725,932 | $3,708,047 |
Greenville Symphony Association Greenville, SC | $3,125,608 | $3,582,952 |