Lagrange Symphony Orchestra Inc
- Assets
- $431.5k
- Revenue
- $354.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Lagrange, GA
- Founding
- 08/1990
- Data as of
- 06/2023
- EIN
- 58-1902569
Organization Overview
Lagrange Symphony Orchestra Inc is located in Lagrange, GA. The organization was established in 1990. 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, Lagrange Symphony Orchestra Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lagrange 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 06/2023, Lagrange Symphony Orchestra Inc generated $354.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $396.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 8 years. 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 THE LAGRANGE SYMPHONY ORCHESTRA, INC. IS: TO ENRICH OUR COMMUNITY THROUGH MUSIC. THE LAGRANGE SYMPHONY ORCHESTRA FULFILLS THIS MISSION WHEN IT PROVIDES: CULTURAL EXPERIENCE; EDUCATIONAL PROGRAMS; AND PERFORMANCE OPPORTUNITIES. THE BOARD OF DIRECTORS SHALL ADOPT SUCH GOALS AND OBJECTIVES AS THE BOARD DEEMS NECESSARY OR PROPER TO ACCOMPLISH THIS MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONCERT PERFORMANCES FOR LOCAL AUDIENCES WITH LOCAL PERFORMERS. PROVIDES OPPORTUNITIES FOR QUALIFIED AREA MUSICIANS TO FURTHER THEIR MUSICAL TALENTS AND PROVIDES CULTURAL EXPERIENCE FOR THE COMMUNITY. THE VENUE FOR THE ORCHESTRA IS THE CALLAWAY AUDITORIUM.
STUDENT COMPETITIONS - THE SYMPHONY ENCOURAGES EXPERTISE IN PERFORMANCE AND PROVIDES THE OPPORTUNITY FOR ASPIRING STUDENTS TO AUDITION BEFORE RECOGNIZED JUDGES FOR AWARDS. TWO COMPETITIONS ARE HELD, ONE FOR COLLEGE STUDENTS IN NEIGHBORING STATES AND ONE FOR LOCAL STUDENTS IN SURROUNDING COUNTIES.
THE LAGRANGE SYMPHONY YOUTH ORCHESTRA(LSYO) - THE YOUTH ORCHESTRA IS A PERFORMING GROUP OF STUDENT MUSICIANS FROM THE TROUP COUNTY AND SURROUNDING AREAS. IT WAS ESTABLISHED IN 1996 TO FOSTER THE DEVELOPMENT OF OUR LOCAL CHILDREN'S MUSICAL TALENTS. PARTICIPANTS RANGE IN AGE FROM 7 - 18 AND HAVE TYPICALLY BEEN PLAYING THEIR INSTRUMENT FOR TWO YEARS OR MORE. THEY PERFORM IN TWO MAJOR CONCERTS PER YEAR AND APPEAR PERIODICALLY WITH THE LSO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raylene Carter Executive Di | Officer | 40 | $60,000 |
Brandon Adams President-El | OfficerTrustee | 1 | $0 |
Gerald Becham Director | Trustee | 1 | $0 |
Dr John Beyers Director | Trustee | 1 | $0 |
Libba Bowling Director | Trustee | 1 | $0 |
Clara Brown Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $264,497 |
| Noncash contributions included in lines 1a–1f | $21,686 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $264,497 |
| Total Program Service Revenue | $64,261 |
| Investment income | $2,310 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,202 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $354,270 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,995 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,526 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,701 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,738 |
| Office expenses | $12,374 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,000 |
| Travel | $29,796 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $715 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,833 |
| Insurance | $9,513 |
| All other expenses | $72,554 |
| Total functional expenses | $396,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,485 |
| Savings and temporary cash investments | $153,174 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,904 |
| 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 | $300 |
| Net Land, buildings, and equipment | $16,110 |
| Investments—publicly traded securities | $206,527 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $431,500 |
| Accounts payable and accrued expenses | $300 |
| Grants payable | $0 |
| Deferred revenue | $200 |
| 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 | $500 |
| Net assets without donor restrictions | $323,802 |
| Net assets with donor restrictions | $107,198 |
| 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 | $431,500 |