Alabama Symphony Endowment

Organization Overview

Alabama Symphony Endowment is located in Birmingham, AL. The organization was established in 1996. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Symphony Endowment 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, Alabama Symphony Endowment generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 9.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FUNDING AND SUPPORT FOR THE ALABAMA SYMPHONIC ASSOCIATION, INC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISTRIBUTED INCOME TO HELP FUND CONCERT OPERATIONS OF THE ALABAMA SYMPHONIC ASSOCIATION, INC.


DISTRIBUTED INCOME TO HELP FUND CONCERT OPERATIONS OF THE ALABAMA SYMPHONIC ASSOCIATION, INC.


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Board, Officers & Key Employees

Name (title)Compensation
Taylor Mcelroy
President
$0
Dell S Brooke
Secretary
$0
F Dixon Brooke Jr
Vice Chairman
$0
Phil Carroll
Director
$0
Michael W Meeks
Director
$0
Samuel P Johnson
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$507,525
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$507,525
Total Program Service Revenue$0
Investment income $122,376
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$1,825
Net Gain/Loss on Asset Sales $774,436
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,402,512

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Alabama Symphony Endowment has recieved totaling $2,500.

Awarding OrganizationAmount
Estelle S Campbell Charitable Foundation

Pittsburgh, PA

PURPOSE: MUSIC EDUCATION

$2,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$16,921,538
Earnings$2,322,215
Admin Expense$18,066
Net Contributions$519,525
Grants$1,137,000
Ending Balance$18,608,212

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