South Carolina Philharmonic Inc
- Assets
- $1.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 161
- Location
- Columbia, SC
- Founding
- 05/1983
- Data as of
- 06/2021
- EIN
- 57-0742901
Organization Overview
South Carolina Philharmonic Inc is located in Columbia, SC. The organization was established in 1983. 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, South Carolina Philharmonic Inc employed 161 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Carolina Philharmonic 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 06/2021, South Carolina Philharmonic Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $808.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE APPRECIATION OF CLASSICAL AND OTHER MUSIC BY PROVIDING CONCERT PERFORMANCES AND MUSIC EDUCATION TO ADULTS AND YOUTH OF THE STATE OF SOUTH CAROLINA.
Describe the Organization's Program Activity:
THE MASTERWORKS SERIES IS A PRESENTATION OF SIX LIVE CONCERTS OF TRADITIONAL LARGE WORKS AND CONTEMPORARY PIECES PERFORMED AT THE KOGER CENTER FOR THE ARTS.
THE YOUTH ORCHESTRAS ARE FOUR SEPARATE ENSEMBLES THAT PROVIDE ELEMENTARY, MIDDLE, AND HIGH SCHOOL STUDENTS AN ORCHESTRA TRAINING GROUND. THE STUDENTS REHEARSE WEEKLY AND HOLD THREE CONCERTS PER YEAR AT THE KOGER CENTER FOR THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhonda Hunsinger Ex Officio Board Member | Trustee | 1 | $89,969 |
Morihiko Nakahara Ex Officio Board Member | Trustee | 1 | $74,622 |
Lynn Hodge President | Officer | 1 | $0 |
Regan Voit Vice President | Officer | 1 | $0 |
William O Danielson Vice President | Officer | 1 | $0 |
Richard Palyok Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $49,129 |
| Related organizations | $0 |
| Government grants | $400,612 |
| All other contributions, gifts, grants, and similar amounts not included above | $411,119 |
| Noncash contributions included in lines 1a–1f | $2,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $860,860 |
| Total Program Service Revenue | $192,175 |
| Investment income | $24,846 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,162 |
| Net Income from Fundraising Events | $2,397 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,099,021 |
| 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. | $122,626 |
| Compensation of current officers, directors, key employees. | $24,525 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $336,414 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,664 |
| Payroll taxes | $29,405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,233 |
| Office expenses | $45,875 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,497 |
| Travel | $0 |
| 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 | $2,136 |
| Insurance | $16,402 |
| All other expenses | $6,942 |
| Total functional expenses | $808,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $438,710 |
| Savings and temporary cash investments | $738,018 |
| Pledges and grants receivable | $3,772 |
| Accounts receivable, net | $206,055 |
| 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 | $2,500 |
| Net Land, buildings, and equipment | $1,866 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,390,921 |
| Accounts payable and accrued expenses | $162,312 |
| Grants payable | $0 |
| Deferred revenue | $85,343 |
| 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 | $247,655 |
| Net assets without donor restrictions | $309,013 |
| Net assets with donor restrictions | $834,253 |
| 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 | $1,390,921 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that South Carolina Philharmonic Inc has recieved totaling $35,741.
| Awarding Organization | Amount |
|---|---|
Lillian S Smith Foundation Columbia, SC PURPOSE: GENERAL USE | $10,000 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: SC PHILHARMONIC'S 2021/2022 YOUTH ORCHESTRA PROGRAM | $10,000 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: THE SC PHIL PRESENTS BEETHOVEN & BLUE JEANS | $5,000 |
R J Samulski Innovation Foundation Inc Chicago, IL PURPOSE: GENERAL SUPPORT | $5,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $3,000 |
Howard Gilman Foundation Inc New York, NY PURPOSE: STAFF OR TRUSTEE GRANT - PROJECT SUPPORT | $2,500 |
Endowment Analysis
| Beg. Balance | $596,525 |
| Earnings | $168,185 |
| Admin Expense | $6,692 |
| Other Expense | $20,000 |
| Ending Balance | $738,018 |
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 |
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 |
Hilton Head Symphony Orchestra Inc Hilton Head Island, SC | $1,962,762 | $2,950,253 |
Savannah Philharmonic Corporation Savannah, GA | $547,898 | $1,404,691 |
Asheville Symphony Society Inc Asheville, NC | $1,814,392 | $759,124 |
South Carolina Philharmonic Inc Columbia, SC | $1,390,921 | $1,099,021 |
Columbus Philharmonic Guild Inc Columbus, GA | $3,695,850 | $882,013 |