Venice Symphony Inc
- Assets
- $4.0m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 11
- Location
- Venice, FL
- Founding
- 10/1978
- Data as of
- 05/2022
- EIN
- 59-1710244
Organization Overview
Venice Symphony Inc is located in Venice, FL. The organization was established in 1978. 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 05/2022, Venice Symphony Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Venice 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 05/2022, Venice Symphony Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $1.7m during the year ending 05/2022. While expenses have increased by 11.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A STANDARD OF MUSIC APPRECIAITON IN THE COMMUNITY THAT INTEGRATES MUSICAL PERFORMANCES, EDUCATIONAL OPPORTUNITIES & ACCOMPLISHED MUSICIANS TO ENRICH THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SYMPHONY PERFORMANCES
MUSIC CAMP & EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Mccullough Emeritus | OfficerTrustee | 7 | $0 |
David Joyner Chair | OfficerTrustee | 3 | $0 |
Casey Riley Treasurer | OfficerTrustee | 1 | $0 |
Bob Hite Vice Chair | OfficerTrustee | 2 | $0 |
Maureen Bentley Secretary | OfficerTrustee | 3 | $0 |
Penny Corell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $635,549 |
| All other contributions, gifts, grants, and similar amounts not included above | $793,356 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,428,905 |
| Total Program Service Revenue | $1,047,558 |
| Investment income | $12,686 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,166 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,493,315 |
| 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 | $304,518 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $34,711 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,735 |
| Fees for services: Accounting | $36,729 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $766,346 |
| Advertising and promotion | $69,308 |
| Office expenses | $39,677 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,487 |
| 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 | $9,162 |
| Insurance | $14,341 |
| All other expenses | $129,992 |
| Total functional expenses | $1,732,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $590,060 |
| Savings and temporary cash investments | $816,256 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $244,245 |
| 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 | $28,267 |
| Net Land, buildings, and equipment | $1,249,389 |
| Investments—publicly traded securities | $1,059,171 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,987,388 |
| Accounts payable and accrued expenses | $81,346 |
| Grants payable | $0 |
| Deferred revenue | $224,696 |
| 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 | $306,042 |
| Net assets without donor restrictions | $3,541,616 |
| Net assets with donor restrictions | $139,730 |
| 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 | $3,987,388 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Venice Symphony Inc has recieved totaling $160,140.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT, PROGRAM SUPPORT | $103,846 |
Gulf Coast Community Foundation Inc Venice, FL PURPOSE: ARTS & CULTURE | $43,004 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $12,290 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
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 |