Asheville Symphony Society Inc

Organization Overview

Asheville Symphony Society Inc, operating under the name Asheville Symphony Orchestra, is located in Asheville, NC. The organization was established in 1963. 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 06/2021, Asheville Symphony Orchestra employed 140 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asheville 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 06/2021, Asheville Symphony Orchestra generated $759.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $855.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ASHEVILLE SYMPHONY ORCHESTRA PERFORMS AND PROMOTES SYMPHONIC MUSIC FOR THE BENEFIT, ENJOYMENT AND EDUCATION OF THE PEOPLE OF WESTERN NORTH CAROLINA.

Describe the Organization's Program Activity:

PROGRAM SERVICE ACCOMPLISHMENTS: THE ASHEVILLE SYMPHONY PROVIDES PUBLIC CONCERTS OF ORCHESTRAL AND CHORAL PERFORMANCES FOR THE BENEFIT OF THE BROADER COMMUNITY, AS WELL AS PROVIDING THE OPPORTUNITY FOR MUSICIANS AND STUDENTS TO PARTICIPATE IN DIVERSE MUSIC EDUCATION PROGRAMS TO FOSTER AN APPRECIATION OF MUSIC THROUGH PUBLIC EDUCATION THE SYMPHONY SUPPORTS AFTER-SCHOOL MUSIC EDUCATION AND ENRICHMENT PROGRAMS AS WELL AS THE ASHEVILLE SYMPHONY YOUTH ORCHESTRA. ALL OF THESE PROGRAMS WERE GREATLY IMPACTED BY RESTRICTIONS PUT IN PLACE IN MARCH OF 2020 TO CURTAIL THE SPREAD OF COVID-19, INCLUDING THE CANCELLATION OF PLANNED LIVE CONCERTS. INSTEAD OF ITS PLANNED 2020-2021 SEASON, THE ASHEVILLE SYMPHONY PRESENTED A VARIETY OF VIRTUAL PROGRAMS FOR THE BENEFIT OF ITS COMMUNITY, MUSICIANS, AND STUDENTS, INCLUDING 4 VIRTUAL PREMIERES UTILIZING CHAMBER


ORCHESTRAS AND SOLOISTS AT THE WORTHAM PERFORMING ARTS CENTER, AND AN ENTIRELY VIRTUAL REHEARSAL AND PERFORMANCE SEASON OF THE ASHEVILLE SYMPHONY YOUTH ORCHESTRA. THE ASO ALSO PRODUCED A SERIES OF INTIMATE OUTDOOR CHAMBER MUSIC CONCERTS FOR PATRONS, DONORS AND COMMUNITY MEMBERS THROUGHOUT THE SUMMER AND FALL.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$16,420
Fundraising events$24,365
Related organizations$0
Government grants $73,068
All other contributions, gifts, grants, and similar amounts not included above$463,117
Noncash contributions included in lines 1a–1f $80,306
Total Revenue from Contributions, Gifts, Grants & Similar$576,970
Total Program Service Revenue$19,870
Investment income $14,064
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $17,050
Net Income from Fundraising Events $0
Net Income from Gaming Activities $103,061
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $759,124

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Asheville Symphony Society Inc has recieved totaling $65,974.

Awarding OrganizationAmount
The Community Foundation Of Western North Carolina Inc

Asheville, NC

PURPOSE: ADVANCING THE ARTS

$44,433
Schwab Charitable Fund

San Francisco, CA

PURPOSE: ARTS, CULTURE & HUMANITIES

$13,500
Walnut Cove Members Association Inc

Skyland, NC

PURPOSE: NATURAL & CULTURAL

$8,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$41
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,002,391
Earnings$243,398
Admin Expense$8,256
Other Expense$47,070
Ending Balance$1,190,463

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