Tuscaloosa Symphony Association Inc
- Assets
- $81.4k
- Revenue
- $370.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Tuscaloosa, AL
- Founding
- 10/1984
- Data as of
- 06/2022
- EIN
- 63-0835546
Organization Overview
Tuscaloosa Symphony Association Inc is located in Tuscaloosa, AL. The organization was established in 1984. 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, Tuscaloosa Symphony Association Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tuscaloosa Symphony Association 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 06/2022, Tuscaloosa Symphony Association Inc generated $370.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $451.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SYMPHONY ORCHESTRA CONCERTS FOR GENERAL AUDIENCES AND CHILDRENS CONCERTS
Describe the Organization's Program Activity:
SYMPHONY ORCHESTRA CONCERTS FOR GENERAL AUDIENCES AND CHILDRENS CONCERTS
SYMPHONY ORCHESTRA CONCERTS FOR GENERAL AUDIENCES AND CHILDRENS CONCERTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Lochman President | OfficerTrustee | 0 | $0 |
Jim Jolly President Elect | OfficerTrustee | 0 | $0 |
Duane Lamb Vice President | OfficerTrustee | 0 | $0 |
Glenna Brown Secretary | OfficerTrustee | 0 | $0 |
Wade Drinkard Treasurer | OfficerTrustee | 0 | $0 |
Skip Snead School Of Music Representa | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $134,085 |
| Related organizations | $0 |
| Government grants | $57,658 |
| All other contributions, gifts, grants, and similar amounts not included above | $93,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $285,443 |
| Total Program Service Revenue | $85,386 |
| 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 | $370,829 |
| 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. | $23,638 |
| Compensation of current officers, directors, key employees. | $23,638 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $115,779 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,908 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,975 |
| Fees for services: Accounting | $8,616 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $140,964 |
| Advertising and promotion | $16,860 |
| Office expenses | $10,236 |
| Information technology | $0 |
| Royalties | $6,484 |
| Occupancy | $3,130 |
| Travel | $16,157 |
| 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 | $0 |
| Insurance | $3,765 |
| All other expenses | $8,868 |
| Total functional expenses | $451,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,572 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,800 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $81,372 |
| Accounts payable and accrued expenses | $4,348 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,348 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $77,024 |
| Total liabilities and net assets/fund balances | $81,372 |