Jacksonville Symphony Association
- Assets
- $14.6m
- Revenue
- $12.0m
- Investments
- $5.9m
- Employees
- 375
- Location
- Jacksonville, FL
- Founding
- 04/1951
- Data as of
- 06/2021
- EIN
- 59-6002520
Organization Overview
Jacksonville Symphony Association is located in Jacksonville, FL. The organization was established in 1951. 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, Jacksonville Symphony Association employed 375 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jacksonville Symphony Association 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 06/2021, Jacksonville Symphony Association generated $12.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $8.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE JACKSONVILLE SYMPHONY IS TO ENRICH THE HUMAN SPIRIT THROUGH SYMPHONIC MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDOOR CONCERT SERIES - IN 2020/2021, MUSIC DIRECTOR COURTNEY LEWIS AND THE JACKSONVILLE SYMPHONY EXPERIENCED A SEASON OF TRIUMPH AND TRIBULATIONS AS ONE OF THE ONLY ORCHESTRAS ABLE TO OPEN THEIR SYMPHONY HALL DOORS DURING COVID-19. THE SYMPHONY PERFORMED NEARLY 70 CONCERTS FOR 37,000 PATRONS WHO BRAVELY DONNED MASKS TO SIT IN PHYSICALLY-DISTANCED SEATING IN FY21, SOME OF THE HIGHEST STATISTICS ACROSS THE COUNTRY. IN ADDITION, PERFORMANCES AIRED ON JACKSONVILLE'S PUBLIC RADIO STATION WJCT AND THE ORGANIZATION'S STREAMING PROGRAM, REACHING OVER 60,000 INDIVIDUALS THROUGH THESE DIGITAL CHANNELS. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
YOUTH MUSIC PROGRAM - THE SYMPHONY IS A CRUCIAL LEADER IN THE COMMUNITY FOR MUSIC EDUCATION, SERVING STUDENTS IN FOUR COUNTY SCHOOL DISTRICTS. IN ADDITION TO OFFERING FREE TICKETS TO CHILDREN UNDER THE AGE OF 18 FOR SELECTED FLORIDA BLUE CLASSICAL SERIES CONCERTS, AND OTHER SPECIAL YOUTH TICKET PRICING, WE OFFER SEVERAL PROGRAMS THAT FOSTER MUSIC EDUCATION. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Courtney Lewis Conductor | 40 | $195,758 | |
Mr Steven Libman President & CEO | OfficerTrustee | 40 | $178,064 |
Mr Donald A Baldwin Chair | OfficerTrustee | 1 | $0 |
Ms Karen Ann Bower Vice Chair | OfficerTrustee | 1 | $0 |
Mr R Chris Doerr Treasurer | OfficerTrustee | 1 | $0 |
Hon Gwendolyn Gwen Yates Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $844,000 |
| Government grants | $2,855,008 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,368,175 |
| Noncash contributions included in lines 1a–1f | $11,766 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,067,183 |
| Total Program Service Revenue | $1,516,576 |
| Investment income | $36,002 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $84,748 |
| Net Income from Fundraising Events | $277,455 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,991,040 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $202,107 |
| Compensation of current officers, directors, key employees. | $32,622 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,831,810 |
| Pension plan accruals and contributions | $221,667 |
| Other employee benefits | $805,598 |
| Payroll taxes | $371,724 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $58,664 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,126 |
| Advertising and promotion | $350,075 |
| Office expenses | $67,180 |
| Information technology | $186,195 |
| Royalties | $0 |
| Occupancy | $104,150 |
| Travel | $22,244 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $115,747 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,350 |
| Insurance | $75,357 |
| All other expenses | $73,601 |
| Total functional expenses | $8,762,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,651,989 |
| Savings and temporary cash investments | $4,328,706 |
| Pledges and grants receivable | $1,931,110 |
| Accounts receivable, net | $9,646 |
| 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 | $80,601 |
| Net Land, buildings, and equipment | $151,326 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,905,513 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $502,485 |
| Total assets | $14,561,376 |
| Accounts payable and accrued expenses | $683,962 |
| Grants payable | $0 |
| Deferred revenue | $548,127 |
| 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 | $2,680,881 |
| Other liabilities | $0 |
| Total liabilities | $3,912,970 |
| Net assets without donor restrictions | $8,803,406 |
| Net assets with donor restrictions | $1,845,000 |
| 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 | $14,561,376 |
Grants Recieved
Over the last fiscal year, we have identified 40 grants that Jacksonville Symphony Association has recieved totaling $1,977,228.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For Northeast Florida Inc Jacksonville, FL PURPOSE: GENERAL OPERATING | $500,000 |
The Community Foundation For Northeast Florida Inc Jacksonville, FL PURPOSE: 1 :1 CHALLENGE GRANT THE "SUSTAINABILITY CAMPAIGN. NEW GIFTS RECEIVED BETWEEN AUGUST 23, 2021 AND JUNE 30, 2022 WILL BE CONSIDERED AS A MATCH FOR THIS GRANT. A LIST OF DONORS ,DATE OF RECEIPT OF GIFT AND AMOUNTS SHOULD BE PROVIDED WHEN REQUESTED | $350,000 |
Halcyon Foundation Jacksonville, FL PURPOSE: GENERAL USE | $250,000 |
The Community Foundation For Northeast Florida Inc Jacksonville, FL PURPOSE: THE YOUTH ORCHESTRA'S NEED BASED SCHOLARSHIPS | $125,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $114,871 |
Haskell Foundation Tr Agreement 09082016 Jacksonville, FL PURPOSE: OPERATIONAL SUPPORT | $100,000 |
Endowment Analysis
| Beg. Balance | $6,806,127 |
| Earnings | $2,105,982 |
| Net Contributions | $602,110 |
| Ending Balance | $9,514,219 |
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 |