Asheville Symphony Society Inc
- Assets
- $2.2m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 100
- Location
- Asheville, NC
- Founding
- 05/1963
- Data as of
- 06/2022
- EIN
- 56-6060772
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 06/2022, Asheville Symphony Orchestra employed 100 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 06/2022, Asheville Symphony Orchestra generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 2.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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 IN ITS 2021-2022 SEASON, THE ASO RETURNED TO FULL CAPACITY FOLLOWING CLOSURES SURROUNDING THE COVID-19 PANDEMIC. THESE ACTIVITIES INCLUDED 6 MASTERWORKS CONCERTS, ONE POPS CONCERT, ONE RECITAL, A FREE COMMUNITY ENGAGEMENT CONCERT CALLED SYMPHONY IN THE PARK, AND THE LAUNCH OF A NEW, 3-CONCERT MOBILE CHAMBER ORCHESTRA SERIES CALLED ALT ASO. SEVERAL OF ASO'S CORE EDUCATIONAL ACTIVITIES ALSO RESUMED, INCLUDING LIVE RETURN OF THE ASHEVILLE SYMPHONY YOUTH ORCHESTRA, ITS "SYMPHONY TALK" ADULT EDUCATION PROGRAM, AND CONTINUED INVESTMENT IN A VIRTUAL VERSION OF ITS MUSIC IN THE SCHOOLS PROGRAMS IN
COLLABORATION WITH SECRET AGENT 23 SKIDOO, KNOWN AS THE BEAT BACH SYMPHONIES. THE ASHEVILLE SYMPHONY CHORUS AND SYMPHONY GUILD ALSO RETURNED TO LIVE PROGRAMMING THROUGHOUT THE SEASON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Ellis Exiting Interim Executive Director/ Secretary | Trustee | 40 | $37,288 |
Daniel Crupi Executive Director | Officer | 40 | $48,500 |
Bolling Farmer Past-President/ Governance Chair | OfficerTrustee | 3 | $0 |
G Edward Towson Treasurer | OfficerTrustee | 3 | $0 |
Mary Kirby Human Resource Chair | OfficerTrustee | 3 | $0 |
Michael Andry President | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,585 |
| Fundraising events | $67,418 |
| Related organizations | $0 |
| Government grants | $890,859 |
| All other contributions, gifts, grants, and similar amounts not included above | $964,385 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,947,247 |
| Total Program Service Revenue | $513,429 |
| Investment income | $16,447 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,739 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $99,196 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,644,010 |
| 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. | $98,816 |
| Compensation of current officers, directors, key employees. | $38,642 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $579,313 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,770 |
| Payroll taxes | $59,731 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,121 |
| Fees for services: Accounting | $14,590 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,073 |
| Fees for services: Investment Management | $10,524 |
| Fees for services: Other | $0 |
| Advertising and promotion | $168,923 |
| Office expenses | $121,601 |
| Information technology | $20,660 |
| Royalties | $0 |
| Occupancy | $149,596 |
| Travel | $68,898 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,160 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,386 |
| Insurance | $4,506 |
| All other expenses | $94,126 |
| Total functional expenses | $1,928,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $713,008 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $64,500 |
| Accounts receivable, net | $81,720 |
| 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 | $2,736 |
| Net Land, buildings, and equipment | $84,091 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,285,429 |
| Total assets | $2,231,484 |
| Accounts payable and accrued expenses | $131,675 |
| Grants payable | $0 |
| Deferred revenue | $308,121 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $439,796 |
| Net assets without donor restrictions | $1,335,501 |
| Net assets with donor restrictions | $456,187 |
| 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 | $2,231,484 |