The Wilmington Symphony Orchestra Inc
- Assets
- $611.6k
- Revenue
- $522.1k
- Investments
- $0.0
- Employees
- 10
- Location
- Wilmington, NC
- Founding
- 04/1986
- Data as of
- 06/2022
- 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. As of 06/2022, Wilmington Symphony Orchestra employed 10 individuals. 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 06/2022, Wilmington Symphony Orchestra generated $522.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $463.0k during the year ending 06/2022. While expenses have increased by 5.8% 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
WSO STRIVES TO PROVIDE HIGH-QUALITY SYMPHONIC MUSIC TO THE LOCAL COMMUNITY
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 |
|---|---|---|---|
Elizabeth Scanlon Executive Director | 40 | $58,031 | |
Peggy Higgins Immediate Past President | Officer | 2 | $0 |
Larry Zimmerman President | Officer | 7 | $0 |
Pat Browning 2nd Vice-President | Officer | 5 | $0 |
Robert Roer Treasurer | Officer | 5 | $0 |
Justine Lerch 1st Vice-President | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $661 |
| Related organizations | $0 |
| Government grants | $166,929 |
| All other contributions, gifts, grants, and similar amounts not included above | $197,038 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $364,628 |
| Total Program Service Revenue | $149,885 |
| Investment income | $7,408 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $150 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $522,071 |
| 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. | $55,000 |
| Compensation of current officers, directors, key employees. | $55,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $147,594 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,503 |
| Payroll taxes | $16,054 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $175 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,010 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,795 |
| Office expenses | $9,745 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,856 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,367 |
| Interest | $204 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,188 |
| Insurance | $4,832 |
| All other expenses | $24,537 |
| Total functional expenses | $462,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,056 |
| Savings and temporary cash investments | $150,293 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $94,523 |
| 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 | $6,782 |
| Net Land, buildings, and equipment | $24,719 |
| Investments—publicly traded securities | $273,265 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $611,638 |
| Accounts payable and accrued expenses | -$610 |
| Grants payable | $0 |
| Deferred revenue | $108,129 |
| 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 | $149,259 |
| Other liabilities | $6,461 |
| Total liabilities | $263,239 |
| Net assets without donor restrictions | $348,399 |
| Net assets with donor restrictions | $0 |
| 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 | $611,638 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that The Wilmington Symphony Orchestra Inc has recieved totaling $32,600.
| Awarding Organization | Amount |
|---|---|
Arts Council Of Wilmington And New Hanover County Wilmington, NC PURPOSE: COW ARPA GRANT, GRASSROOTS SUBGRANTS | $19,200 |
Landfall Foundation Inc Wilmington, NC PURPOSE: Charitable Support | $6,900 |
Stein Family Charitable Foundation Wilmington, NC PURPOSE: CHARITABLE | $2,000 |
Loweth-Alvord Foundation Wilmington, NC PURPOSE: GENERAL PURPOSES | $1,500 |
Weil Foundation Wilmington, NC PURPOSE: TO SUPPORT THE ORGANIZATION AND ITS PURPOSE | $1,000 |
Dan Cameron Family Foundation Inc Wilmington, NC PURPOSE: MUSIC FOR YOUTHEDUCATION PROGRAM | $1,000 |
Endowment Analysis
| Beg. Balance | $378,296 |
| Earnings | $30,224 |
| Net Contributions | $1,292 |
| Other Expense | $120,000 |
| Ending Balance | $289,812 |
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 |