Augusta Symphony Inc
- Assets
- $19.3m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 286
- Location
- Augusta, GA
- Founding
- 03/1989
- Data as of
- 06/2023
- EIN
- 58-1806334
Organization Overview
Augusta Symphony Inc is located in Augusta, GA. The organization was established in 1989. 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 06/2023, Augusta Symphony Inc employed 286 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Augusta Symphony 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 06/2023, Augusta Symphony Inc generated $2.5m 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 (14.7%) each year. All expenses for the organization totaled $3.0m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF SYMPHONY ORCHESTRA AUGUSTA IS TO SHARE THE JOY OF GREAT MUSICAL PERFORMANCE WITH OUR AUDIENCE. TOGETHER, WE ARE MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SYMPHONY CONCERTS AND PROMOTED MUSIC AWARENESS AND EDUCATION IN THE AUGUSTA AND AIKEN COMMUNITIES THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Catherine Murray Executive Di | Officer | 40 | $121,088 |
Dirk Meyer Music Direct | Trustee | 40 | $86,570 |
Andy Albright Director | Trustee | 0.5 | $0 |
Sue Alexanderson Director | Trustee | 0.5 | $0 |
Wilson Allgood Director | Trustee | 0.5 | $0 |
Miriam Atkins Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,833 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,042,433 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,093,266 |
| Total Program Service Revenue | $590,466 |
| Investment income | $12,306 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,270 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $790,578 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,483,346 |
| 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. | $207,657 |
| Compensation of current officers, directors, key employees. | $155,743 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $646,722 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $81,309 |
| Payroll taxes | $68,691 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,421 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,583 |
| Advertising and promotion | $99,539 |
| Office expenses | $5,045 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $709,982 |
| Travel | $68,671 |
| 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 | $53,819 |
| Insurance | $81,895 |
| All other expenses | $144,636 |
| Total functional expenses | $2,977,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,691,563 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,550 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,755 |
| Prepaid expenses and deferred charges | $77,925 |
| Net Land, buildings, and equipment | $446,038 |
| Investments—publicly traded securities | $902,802 |
| Investments—other securities | $0 |
| Investments—program-related | $14,940,750 |
| Intangible assets | $0 |
| Other assets | $182,509 |
| Total assets | $19,260,892 |
| Accounts payable and accrued expenses | $173,555 |
| Grants payable | $0 |
| Deferred revenue | $1,026,251 |
| 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 | $163,863 |
| Total liabilities | $1,363,669 |
| Net assets without donor restrictions | $17,087,494 |
| Net assets with donor restrictions | $809,729 |
| 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 | $19,260,892 |