Greensboro Symphony Orchestra Incorporated
- Assets
- $1.4m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 99
- Location
- Greensboro, NC
- Founding
- 06/1964
- Data as of
- 05/2024
- EIN
- 56-6063111
Organization Overview
Greensboro Symphony Orchestra Incorporated is located in Greensboro, NC. The organization was established in 1964. 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 05/2024, Greensboro Symphony Orchestra Incorporated employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greensboro Symphony Orchestra Incorporated 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 05/2024, Greensboro Symphony Orchestra Incorporated generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $2.7m during the year ending 05/2024. While expenses have increased by 6.9% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE GREENSBORO SYMPHONY ORCHESTRA, INC. IS TO ENRICH THE CULTURAL LIFE OF GREENSBORO, NC AND SURROUNDING AREAS THROUGH THE DEVELOPMENT, PRODUCTION, AND PROMOTION OF THE HIGHEST QUALITY MUSIC AND MUSIC EDUCATION PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GREENSBORO SYMPHONY ORCHESTRA TYPICALLY PRESENTS A FULL CONCERT SEASON OF CLASSICAL AND "POPS" MUSIC AS WELL AS CHAMBER PERFORMANCES AND ANNUAL HOLIDAY CONCERTS, ALL OF WHICH ARE TYPICALLY OPEN TO THE GENERAL PUBLIC. THE MUSIC AT MIDDAY SERIES IS DESIGNED FOR PERSONS LIVING IN RETIREMENT HOMES AND REACHES MORE THAN 1,000 SENIOR CITIZENS.
THE GSO HAS ESTABLISHED AN EXTENSIVE MUSIC EDUCATION PROGRAM FOR STUDENTS IN ELEMENTARY THROUGH HIGH SCHOOL WHICH TYPICALLY SERVES MORE THAN 50,000 STUDENTS EACH YEAR IN GUILFORD, RANDOLPH, ROCKINGHAM, AND ALAMANCE COUNTIES IN NORTH CAROLINA. .
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Green Chair | OfficerTrustee | 1 | $0 |
Charles Calkins Chair-Elect | OfficerTrustee | 1 | $0 |
Doug Boike Past Chair | OfficerTrustee | 1 | $0 |
Robert Green Vice Chair-Strategic Initiatives | OfficerTrustee | 1 | $0 |
Peggy Hamilton Vice Chair - Development | OfficerTrustee | 1 | $0 |
Garson Rice Vice Chair - Artistic Advisory | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $320,822 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,174,443 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,495,265 |
| Total Program Service Revenue | $1,362,972 |
| Investment income | $3,093 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,903,444 |
| 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. | $121,474 |
| Compensation of current officers, directors, key employees. | $48,539 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,050,011 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $246 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $528,269 |
| Advertising and promotion | $81,405 |
| Office expenses | $24,140 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $158,820 |
| Travel | $80,475 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,552 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,900 |
| Insurance | $14,479 |
| All other expenses | $136,536 |
| Total functional expenses | $2,680,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,479 |
| Savings and temporary cash investments | $237,682 |
| Pledges and grants receivable | $30,955 |
| Accounts receivable, net | $19,265 |
| 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 | $52,406 |
| Net Land, buildings, and equipment | $717,771 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $293,041 |
| Total assets | $1,440,599 |
| Accounts payable and accrued expenses | $110,231 |
| Grants payable | $0 |
| Deferred revenue | $216,411 |
| 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 | $294,281 |
| Total liabilities | $620,923 |
| Net assets without donor restrictions | $681,379 |
| Net assets with donor restrictions | $138,297 |
| 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 | $1,440,599 |