Venice Symphony Inc
- Assets
- $4.8m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Venice, FL
- Founding
- 10/1978
- Data as of
- 05/2023
- 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 05/2023, 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 05/2023, Venice Symphony Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $2.2m during the year ending 05/2023. While expenses have increased by 13.2% 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
2023
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 |
|---|---|---|---|
Barbara Jackson Chair | OfficerTrustee | 3 | $0 |
Bob Hite Vice Chair | OfficerTrustee | 7 | $0 |
Penny Corell Secretary | OfficerTrustee | 2 | $0 |
Tom Fitch Treasurer | OfficerTrustee | 1 | $0 |
Jennifer Douglas Director | Trustee | 1 | $0 |
John Fischer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $46,524 |
| Related organizations | $0 |
| Government grants | $133,135 |
| All other contributions, gifts, grants, and similar amounts not included above | $953,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,133,109 |
| Total Program Service Revenue | $1,156,205 |
| Investment income | $23,735 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,061 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,322,110 |
| 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 | $449,074 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $42,741 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,130 |
| Fees for services: Accounting | $29,378 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $900,684 |
| Advertising and promotion | $60,918 |
| Office expenses | $39,210 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,706 |
| 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 | $11,530 |
| Insurance | $16,173 |
| All other expenses | $235,195 |
| Total functional expenses | $2,160,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $832,429 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,992 |
| 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 | $22,653 |
| Net Land, buildings, and equipment | $1,237,859 |
| Investments—publicly traded securities | $2,384,705 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $242,418 |
| Total assets | $4,802,056 |
| Accounts payable and accrued expenses | $105,132 |
| Grants payable | $0 |
| Deferred revenue | $611,732 |
| 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 | $242,418 |
| Total liabilities | $959,282 |
| Net assets without donor restrictions | $3,567,755 |
| Net assets with donor restrictions | $275,019 |
| 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 | $4,802,056 |