Knoxville Symphony Foundation

Organization Overview

Knoxville Symphony Foundation is located in Knoxville, TN. The organization was established in 2002. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knoxville Symphony Foundation 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, Knoxville Symphony Foundation generated $306.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $394.0k during the year ending 05/2023. While expenses have increased by 3.9% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO RECEIVE AND MANAGE ENDOWMENT FUNDS FOR THE BENEFIT OF THE KNOXVILLE SYMPHONY SOCIETY, INCORPORATED; A TENNESSEE NON-PROFIT 501(C)(3) ORGANIZATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISTRIBUTION OF ENDOWMENT FUNDS BACK TO THE KNOXVILLE SYMPHONY SOCIETY, INCORPORATED; A TENNESSEE NON-PROFIT 501(C)(3) ORGANIZATION. THE KNOXVILLE SYMPHONY SOCIETY IS A REGIONAL SYMPHONY ORCHESTRA.


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Board, Officers & Key Employees

Name (title)Compensation
Randy C Edgemon
Director
$0
Herbert Sanger Jr
Chairman
$0
Mark Mamantov
Director
$0
Evelyn Shaw
Director
$0
Ned Smethers
Treasurer
$0
J Harvey White
Director
$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$156,146
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$156,146
Total Program Service Revenue$0
Investment income $227,471
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$76,752
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $306,865

Peer Organizations

Organization NameAssets
Saint Louis Symphony Orchestra
St Louis, MO
$74,555,125
Nashville Symphony Association
Nashville, TN
$22,002,934
North Carolina Symphony Society Inc
Raleigh, NC
$14,909,528
The Louisville Orchestra Inc
Louisville, KY
$14,770,476
Charlotte Symphony Orchestra Society Inc
Charlotte, NC
$23,356,040
Kansas City Symphony
Kansas City, MO
$14,755,393
Saint Louis Symphony Endowment Trust
Saint Louis, MO
$18,922,089
Virginia Symphony Orchestra
Norfolk, VA
$6,831,622
Richmond Symphony
Richmond, VA
$7,522,950
Alabama Symphonic Association Inc
Birmingham, AL
$5,609,386
Knoxville Symphony Society Inc
Knoxville, TN
$4,523,262
The Arkansas Symphony Orchestra Society Inc
Little Rock, AR
$7,655,547
Memphis Symphony Orchestra Inc
Memphis, TN
$4,582,397
Winston Salem Symphony Assoc
Winstonsalem, NC
$2,755,041
Augusta Symphony Inc
Augusta, GA
$2,483,346
Greensboro Symphony Orchestra Incorporated
Greensboro, NC
$2,903,444
Chattanooga Symphony And Opera Association
Chattanooga, TN
$1,696,238
Mobile Symphony Inc
Mobile, AL
$2,585,306
Mississippi Symphony Orchestra Association
Jackson, MS
$2,224,746
Asheville Symphony Society Inc
Asheville, NC
$2,644,010
Texarkana Symphony Orchestra
Texarkana, AR
$1,770,024
Huntsville Symphony Orchestra Association
Huntsville, AL
$1,819,241
Roanoke Symphony Orchestra
Roanoke, VA
$1,475,360
Symphony Orchestra Of Northwest Arkansas
Fayetteville, AR
$1,422,474
Jackson Symphony Association
Jackson, TN
$1,276,187

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