Western Piedmont Symphony-The Unifour Orchestra Inc
- Assets
- $526.7k
- Revenue
- $736.8k
- Investments
- $402.2k
- Employees
- 75
- Location
- Hickory, NC
- Founding
- 03/1973
- Data as of
- 06/2024
- 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 06/2024, 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 06/2024, Western Piedmont Symphony-The Unifour Orchestra Inc generated $736.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $913.7k during the year ending 06/2024. While expenses have increased by 4.6% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND CONNECT PEOPLE THROUGH THE POWER OF SYMPHONIC MUSIC.
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 Treasurer | OfficerTrustee | 0 | $0 |
Sharon Goodwin Past President | OfficerTrustee | 0 | $0 |
Jayne Abernethy Secretary | OfficerTrustee | 0 | $0 |
John Bray Board Member | Trustee | 0 | $0 |
Martha Hill Board Member | Trustee | 0 | $0 |
Robert Campbell Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $33,924 |
| Membership dues | $10,850 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $307,884 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $352,658 |
| Total Program Service Revenue | $0 |
| Investment income | $8,282 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,388 |
| Net Income from Fundraising Events | $349,723 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $736,782 |
| 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 | $447,673 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,370 |
| Payroll taxes | $26,770 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,854 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $211,026 |
| Advertising and promotion | $33,602 |
| Office expenses | $34,690 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,147 |
| Travel | $15,606 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,222 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,521 |
| Insurance | $10,830 |
| All other expenses | $23,946 |
| Total functional expenses | $913,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,433 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,474 |
| 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 | $3,588 |
| Net Land, buildings, and equipment | $32,165 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $402,238 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,783 |
| Total assets | $526,681 |
| Accounts payable and accrued expenses | $26,381 |
| 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 | $75,000 |
| Other liabilities | $30,835 |
| Total liabilities | $132,216 |
| Net assets without donor restrictions | $301,643 |
| Net assets with donor restrictions | $92,822 |
| 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 | $526,681 |