Ocala Symphony Orchestra Inc
- Assets
- $5.5m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 28
- Location
- Ocala, FL
- Founding
- 08/1977
- Data as of
- 06/2020
- EIN
- 59-1581448
Organization Overview
Ocala Symphony Orchestra Inc is located in Ocala, FL. The organization was established in 1977. 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, Ocala Symphony Orchestra Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocala 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 06/2020, Ocala Symphony Orchestra Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 40.0% each year . All expenses for the organization totaled $1.8m during the year ending 06/2020. While expenses have increased by 25.7% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
LIVE SYMPHONY ORCHESTRA PERFORMANCES. MISSION: TO ENHANCE THE CULTURAL LIFE OF THE COMMUNITY BY PROVIDING MUSICAL PROGRAMS OF A PROFESSIONAL CALIBER, PERFORMING TO THE BROADEST POSSIBLE SOCIAL AND ECONOMIC RANGE OF AREA RESIDENTS, AND FOSTERING EXCELLENCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OCALA SYMPHONY ORCHESTRA IS MARION COUNTY'S PREMIER CULTURAL ARTS ORGANIZATION. ITS MISSION IS TO PLAY THE HIGHEST CALIBER MUSIC THAT IS PERFORMED IN FRONT OF NEARLY TEN THOUSAND AREA CITIZENS. THE ORCHESTRA PERFORMED FULL ORCHESTRA CONCERTS AS PART OF OUR ANNUAL SUBSCRIPTIONS SERIES. WE ALSO PERFORMED SEVERAL SPECIAL CONCERTS DURIMG THE YEAR. THE ORCHESTRA ALSO PROVIDES CULTURAL PROGRAMS TO THE COMMUNITY. THE PROGRAMS INCLUDE THE SYMPHONY FOR THE SCHOOLS, THE YOUNG ARTIST'S COMPETITION, THE KEMBLE SCHOLARSHIP, AND THE MUSIC FROM THE HEART.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Wardell Executive Director | Officer | 40 | $92,532 |
Rj Jenkins President | OfficerTrustee | 3 | $0 |
Tom Dobbins Vice President | OfficerTrustee | 3 | $0 |
Rick Kravetz Director | Trustee | 3 | $0 |
David Midgett Director | Trustee | 3 | $0 |
Angie Lewis Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,881,454 |
| Investment income | $12,858 |
| 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 | $3,987,306 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $372,987 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $31,671 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $61,561 |
| Office expenses | $4,942 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,281 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,008 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,300 |
| Insurance | $13,421 |
| All other expenses | $0 |
| Total functional expenses | $1,767,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,153,849 |
| Savings and temporary cash investments | $587,652 |
| Pledges and grants receivable | $923,170 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,988 |
| Prepaid expenses and deferred charges | $3,089 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $185,458 |
| Total assets | $5,499,997 |
| Accounts payable and accrued expenses | $188,795 |
| Grants payable | $0 |
| Deferred revenue | $13,803 |
| 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 | $100,001 |
| Unsecured mortgages and notes payable | $149,900 |
| Other liabilities | $0 |
| Total liabilities | $452,499 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $5,047,498 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Ocala Symphony Orchestra Inc has recieved totaling $35,225.
| Awarding Organization | Amount |
|---|---|
Amg Charitable Gift Foundation Greenwood Village, CO PURPOSE: ARTS | $15,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $10,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $8,500 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $1,725 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jacksonville Symphony Association Jacksonville, FL | $14,561,376 | $11,991,040 |
Florida Orchestra Inc St Petersburg, FL | $17,821,899 | $8,292,788 |
Florida West Coast Symphony Inc Sarasota, FL | $33,277,421 | $26,320,822 |
The Orlando Philharmonic Orchestra Inc Orlando, FL | $6,944,219 | $4,632,792 |
Alabama Symphonic Association Inc Birmingham, AL | $2,772,905 | $5,743,069 |
The Palm Beach Symphony Society Inc West Palm Beach, FL | $3,120,506 | $3,215,175 |
Augusta Symphony Inc Augusta, GA | $19,725,932 | $3,708,047 |
Mobile Symphony Inc Mobile, AL | $1,270,022 | $2,012,590 |
Ocala Symphony Orchestra Inc Ocala, FL | $5,499,997 | $3,987,306 |
Venice Symphony Inc Venice, FL | $3,987,388 | $2,493,315 |
All Florida Youth Orchestra Hollywood, FL | $1,150,725 | $1,869,716 |
Huntsville Symphony Orchestra Association Huntsville, AL | $930,453 | $1,719,039 |