Huntsville Symphony Orchestra Association
- Assets
- $787.3k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 127
- Location
- Huntsville, AL
- Founding
- 07/1957
- Data as of
- 06/2022
- EIN
- 63-0463802
Organization Overview
Huntsville Symphony Orchestra Association is located in Huntsville, AL. The organization was established in 1957. 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 06/2022, Huntsville Symphony Orchestra Association employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huntsville Symphony Orchestra 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 06/2022, Huntsville Symphony Orchestra Association generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ENCOURAGE THE UNDERSTANDING, APPRECIATION, AND STUDY OF THE ART OF MUSIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONCERT PRODUCTIONS
SYMPHONY SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
T Delay Trustee | Trustee | 1 | $0 |
M Newberry Trustee | Trustee | 1 | $0 |
B English Trustee | Trustee | 1 | $0 |
L Faulkner Trustee | Trustee | 1 | $0 |
S Fortner Trustee | Trustee | 1 | $0 |
P Gann Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $178,110 |
| All other contributions, gifts, grants, and similar amounts not included above | $812,922 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $991,032 |
| Total Program Service Revenue | $828,209 |
| Investment income | $0 |
| 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 | $1,819,241 |
| 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. | $85,850 |
| Compensation of current officers, directors, key employees. | $8,585 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $768,770 |
| Pension plan accruals and contributions | $17,412 |
| Other employee benefits | $42,370 |
| Payroll taxes | $69,973 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,614 |
| Advertising and promotion | $78,920 |
| Office expenses | $68,523 |
| Information technology | $39,027 |
| Royalties | $0 |
| Occupancy | $114,018 |
| Travel | $100,539 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,914 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,409 |
| Insurance | $9,666 |
| All other expenses | $25,034 |
| Total functional expenses | $1,731,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,178 |
| Savings and temporary cash investments | $311,066 |
| Pledges and grants receivable | $46,052 |
| Accounts receivable, net | $74,982 |
| 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 | $57,792 |
| Net Land, buildings, and equipment | $132,088 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $107 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $787,265 |
| Accounts payable and accrued expenses | $42,110 |
| Grants payable | $0 |
| Deferred revenue | $385,994 |
| 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 | $428,104 |
| Net assets without donor restrictions | $254,295 |
| Net assets with donor restrictions | $104,866 |
| 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 | $787,265 |