Raleigh Symphony Orchestra Inc
- Assets
- $187.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Raleigh, NC
- Founding
- 05/1982
- Data as of
- 06/2022
- EIN
- 58-1466397
Organization Overview
Raleigh Symphony Orchestra Inc is located in Raleigh, NC. The organization was established in 1982. 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, Raleigh Symphony Orchestra Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raleigh Symphony Orchestra 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 06/2022, Raleigh Symphony Orchestra Inc generated $61.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $50.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (13.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
CONCERTS AND EDUCATIONAL EXPERIENCES AT A REASONABLE COST. INKIND DONATIONS RANGING FROM HALL RENTALS, PAINO, MUSICIAN SERVICES OFFICE SPACE VALUED AT $24500
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Waddelow Music Director | 10 | $5,000 | |
Andrea M Luke Executive Director Eff 1122 | 20 | $3,850 | |
John Klein Executive Director Up To 123121 | 0 | $3,500 | |
Anthony Philpot Vice President | 3 | $0 | |
Janet Shurtleff President | 15 | $0 | |
Catherine Lanzotti Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,773 |
| Total Program Service Revenue | $10,204 |
| Membership dues | $0 |
| Investment income | $1,819 |
| Gain or Loss | $9,459 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $61,255 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $13,295 |
| Professional fees and other payments to independent contractors | $30,581 |
| Occupancy, rent, utilities, and maintenance | $617 |
| Printing, publications, postage, and shipping | $759 |
| Other expenses | $5,333 |
| Total expenses | $50,585 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $179,700 |
| Other assets | $0 |
| Total assets | $187,038 |
| Total liabilities | $391 |
| Net assets or fund balances | $186,647 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Raleigh Symphony Orchestra Inc has recieved totaling $5,017.
| Awarding Organization | Amount |
|---|---|
Mary Duke Biddle Foundation Durham, NC PURPOSE: 2021 ARTS OPERATING GRANT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Symphony Orchestra Norfolk, VA | $5,267,903 | $8,191,490 |
Richmond Symphony Richmond, VA | $2,392,826 | $8,372,945 |
Knoxville Symphony Society Inc Knoxville, TN | $1,484,079 | $3,960,669 |
Memphis Symphony Orchestra Inc Memphis, TN | $6,274,797 | $4,582,397 |
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 |
Chattanooga Symphony And Opera Association Chattanooga, TN | $2,736,698 | $2,680,505 |
Roanoke Symphony Orchestra Roanoke, VA | $2,287,008 | $2,284,824 |