The Wilmington Symphony Orchestra Inc
- Assets
- $702.8k
- Revenue
- $624.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 04/1986
- Data as of
- 06/2023
- EIN
- 56-1489990
Organization Overview
The Wilmington Symphony Orchestra Inc, operating under the name Wilmington Symphony Orchestra, is located in Wilmington, NC. The organization was established in 1986. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, 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. Wilmington 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 06/2023, Wilmington Symphony Orchestra generated $624.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $572.5k during the year ending 06/2023. While expenses have increased by 7.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE WILMINGTON SYMPHONY ORCHESTRA (WSO) PROVIDES SYMPHONIC MUSIC AT THE HIGHEST DEGREE OF EXCELLANCE THROUGH PERFORMANCE OPPORTUNITIES FOR REGIONAL MUSICIANS AND EDUCATIONAL AND COMMUNITY OUTREACH PROGRAMS FOR OUR COMMUNITY'S YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WILMINGTON SYMPHONY ORCHESTRA HELD A SERIES OF PERFORMANCES FOR THE LOCAL COMMUNITY, PROVIDING PERFORMANCE OPPORTUNITIES FOR AREA MUSICIANS AND PROVIDING THE REGION THE CULTURAL BENEFITS OF A SYMPHONY. WSO'S ORCHESTRA MEMBERS ARE DRAWN FROM THE LOCAL COMMUNITY, ALTHOUGH SOME SPECIALTY PLAYERS ARE ATTRACTED FROM THE WIDER REGION. DURING COVID RESTRICTIONS, WHEN CONCERT PERFORMANCES WERE CANCELLED, SMALL GROUPS OF WSO MEMBERS PERFORMED AT LOCAL EVENTS WHICH ALLOWED US TO CONTINUE TO PROVIDE SERVICES ON A SMALLER SCALE.
WSO HOSTS A YOUTH ORCHESTRA WHICH PROVIDES SCHOOL-AGE PERFORMERS WITH CONCERT PERFORMANCE OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justine Lerch President | OfficerTrustee | 5 | $0 |
Pat Browning Vice President | OfficerTrustee | 5 | $0 |
Robert Drescher Vice President | OfficerTrustee | 5 | $0 |
Robert Roer Treasurer | OfficerTrustee | 5 | $0 |
Bob Austin Secretary | OfficerTrustee | 5 | $0 |
Robin Robinson Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $334,819 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $369,819 |
| Total Program Service Revenue | $203,398 |
| Investment income | $11,293 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $39,718 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $624,228 |
| 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. | $58,031 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,304 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,588 |
| 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 | $4,074 |
| Fees for services: Other | $10,922 |
| Advertising and promotion | $16,300 |
| Office expenses | $6,527 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,443 |
| Travel | $6,456 |
| 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 | $13,007 |
| Insurance | $17,457 |
| All other expenses | $4,879 |
| Total functional expenses | $572,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,213 |
| Savings and temporary cash investments | $76,046 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,152 |
| 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 | $3,529 |
| Net Land, buildings, and equipment | $11,712 |
| Investments—publicly traded securities | $418,917 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $105,259 |
| Total assets | $702,828 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $37,383 |
| 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 | $146,568 |
| Other liabilities | $22,413 |
| Total liabilities | $206,364 |
| Net assets without donor restrictions | $378,605 |
| Net assets with donor restrictions | $117,859 |
| 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 | $702,828 |