Charlotte Symphony Orchestra Society Inc
- Assets
- $29.6m
- Revenue
- $23.4m
- Investments
- $0.0
- Employees
- 310
- Location
- Charlotte, NC
- Founding
- 12/1959
- Data as of
- 06/2023
- EIN
- 56-6011568
Organization Overview
Charlotte Symphony Orchestra Society Inc is located in Charlotte, NC. The organization was established in 1959. 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 06/2023, Charlotte Symphony Orchestra Society Inc employed 310 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlotte Symphony Orchestra Society 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 06/2023, Charlotte Symphony Orchestra Society Inc generated $23.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $12.3m during the year ending 06/2023. While expenses have increased by 2.9% per year over the past 8 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 CHARLOTTE SYMPHONY UPLIFTS, ENTERTAINS, AND EDUCATES THE DIVERSE COMMUNITIES OF CHARLOTTE-MECKLENBURG AND BEYOND THROUGH EXCEPTIONAL MUSICAL EXPERIENCES. REACHING OUT THROUGH THE TRANSFORMATIVE POWER OF LIVE MUSIC, THE CHARLOTTE SYMPHONY WILL BE A CIVIC LEADER, REFLECTING AND UNITING OUR REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SYMPHONY PERFORMANCES - LAST YEAR THE CHARLOTTE SYMPHONY DELIVERED 140 PERFORMANCES FOR MORE THAN 130,000 PATRONS. EVENTS ENCOMPASSED A DIVERSE RANGE OF EXPERIENCES, FROM CLASSICAL, POPS, MOVIE, AND FAMILY SERIES CONCERTS TO COLLABORATIONS WITH THE OPERA AND BALLET. ADDITIONALLY, THE SYMPHONY PERFORMED INFORMAL CONCERTS IN LOCAL BREWERIES, COMMUNITY SPACES, AND PARKS; AND PROVIDED EDUCATIONAL CONCERTS FOR THOUSANDS OF CHILDREN.
YOUTH ORCHESTRAS - WITH THE BELIEF THAT MAKING MUSIC IS A RIGHT, NOT A PRIVILEGE, WE ACTIVELY NURTURE THE NEXT GENERATION OF MUSICIANS AND MUSIC LOVERS BY SUPPORTING TWO YOUTH ORCHESTRAS FOCUSED ON DUAL GOALS OF EXTRAORDINARY MUSIC EDUCATION AND DIVERSITY, EQUITY AND INCLUSION. WE PROVIDE A NURTURING ENVIRONMENT FOR OUR YOUNG MUSICIANS TO CREATE LASTING BONDS THROUGH MUSIC AND FRIENDSHIP, AND INSTILL THE VALUES OF COMMUNITY SERVICE THROUGH MUSIC.
COMMUNITY EDUCATION - AN INTENSIVE AFTERSCHOOL YOUTH PROGRAM FOCUSED ON CHARLOTTE'S CHILDREN WITH THE GREATEST NEEDS AND FEWEST RESOURCES, PROJECT HARMONY IS A MUSIC AND LEADERSHIP PROGRAM AIMED AT EXPANDING THE VISION OF WHAT IS POSSIBLE FOR OUR AREA YOUTH. CHILDREN ARE GIVEN FREE INSTRUMENTS, ORCHESTRA ENSEMBLE TRAINING, AND ACADEMIC SUPPORT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Farthing Chair | OfficerTrustee | 1 | $0 |
John Williams Vice Chair | OfficerTrustee | 1 | $0 |
Richard Krumdieck Vice Chair | OfficerTrustee | 1 | $0 |
Michael Ankrom Treasurer | OfficerTrustee | 1 | $0 |
Manny Clark Secretary | OfficerTrustee | 1 | $0 |
Joye Blount Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bob Carter Companies Campaign Consulting Services | 6/29/22 | $140,363 |
Chazin & Company Accounting Services | 6/29/22 | $119,416 |
Lake Printing Printing Services | 6/29/22 | $111,007 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,090,920 |
| Membership dues | $0 |
| Fundraising events | $425,975 |
| Related organizations | $0 |
| Government grants | $309,271 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,517,690 |
| Noncash contributions included in lines 1a–1f | $248,808 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,343,856 |
| Total Program Service Revenue | $3,899,873 |
| Investment income | $104,659 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,652 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,356,040 |
| 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. | $352,078 |
| Compensation of current officers, directors, key employees. | $116,515 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,736,572 |
| Pension plan accruals and contributions | $288,578 |
| Other employee benefits | $942,985 |
| Payroll taxes | $639,060 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,709 |
| Fees for services: Accounting | $317,451 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $151,800 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $484,383 |
| Advertising and promotion | $420,737 |
| Office expenses | $244,884 |
| Information technology | $123,419 |
| Royalties | $0 |
| Occupancy | $185,378 |
| Travel | $260,768 |
| 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 | $14,675 |
| Insurance | $45,757 |
| All other expenses | $119,631 |
| Total functional expenses | $12,279,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,905 |
| Savings and temporary cash investments | $1,551,134 |
| Pledges and grants receivable | $14,422,041 |
| Accounts receivable, net | $43,147 |
| 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 | $244,300 |
| Net Land, buildings, and equipment | $660,576 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,495,982 |
| Total assets | $29,596,085 |
| Accounts payable and accrued expenses | $588,109 |
| Grants payable | $0 |
| Deferred revenue | $105,579 |
| 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 | $740,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $442,040 |
| Total liabilities | $1,875,728 |
| Net assets without donor restrictions | $451,718 |
| Net assets with donor restrictions | $27,268,639 |
| 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 | $29,596,085 |