Alabama Symphonic Association Inc
- Assets
- $2.8m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 76
- Location
- Birmingham, AL
- Founding
- 12/1993
- Data as of
- 06/2021
- EIN
- 63-1103036
Organization Overview
Alabama Symphonic Association Inc is located in Birmingham, AL. The organization was established in 1993. 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, Alabama Symphonic Association Inc employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Symphonic 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 06/2021, Alabama Symphonic Association Inc generated $5.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $3.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.7%) 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
PROVIDE PUBLIC CLASSICAL AND POPS MUSICAL PERFORMANCES THROUGHOUT ALABAMA FEATURING DIVERSE SELECTIONS OF MUSICAL PROGRAMING AND PROVIDE ORGANIZED MUSICAL EDUCATION PROGRAMS FOCUSED
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MUSICAL PERFORMANCES AND EDUCATION TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos Izcaray Music Director | Officer | 50 | $188,514 |
Daniel Szasz Concertmaster | 50 | $107,649 | |
James Sullivan Director | Trustee | 40 | $39,401 |
Mayumi Masri Director | Trustee | 40 | $34,344 |
Jeffrey Soloman Director | Trustee | 40 | $31,247 |
Nicholas Ciulla Director | Trustee | 1 | $30,859 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,137,000 |
| Government grants | $2,155,937 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,641,325 |
| Noncash contributions included in lines 1a–1f | $30,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,934,262 |
| Total Program Service Revenue | $84,298 |
| Investment income | $194 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $724,315 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,743,069 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,338,271 |
| Pension plan accruals and contributions | $115,947 |
| Other employee benefits | $523,779 |
| Payroll taxes | $211,231 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $155,001 |
| Advertising and promotion | $51,771 |
| Office expenses | $25,700 |
| Information technology | $18,364 |
| Royalties | $12,015 |
| Occupancy | $81,920 |
| Travel | $12,659 |
| 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 | $19,535 |
| Insurance | $52,404 |
| All other expenses | $31,402 |
| Total functional expenses | $3,723,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,967,599 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $76,942 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $552,778 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $43,106 |
| Net Land, buildings, and equipment | $132,480 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,772,905 |
| Accounts payable and accrued expenses | $87,880 |
| Grants payable | $0 |
| Deferred revenue | $388,149 |
| 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 | $139,179 |
| Other liabilities | $0 |
| Total liabilities | $615,208 |
| Net assets without donor restrictions | $2,157,697 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,772,905 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Alabama Symphonic Association Inc has recieved totaling $717,759.
| Awarding Organization | Amount |
|---|---|
Daniel Foundation Of Alabama Birmingham, AL PURPOSE: CHARITABLE | $250,000 |
Luke 6 38 Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $200,000 |
Luke 6 38 Foundation Wilmington, DE PURPOSE: CHARITABLE EVENT | $125,000 |
The Community Foundation Of Greater Birmingham Birmingham, AL PURPOSE: GENERAL SUPPORT | $89,009 |
Alabama Power Foundation Inc Birmingham, AL PURPOSE: GENERAL/OPERATING | $25,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $18,250 |
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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashville Symphony Association Nashville, TN | $100,031,908 | $12,366,678 |
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 |
Knoxville Symphony Society Inc Knoxville, TN | $1,484,079 | $3,960,669 |
Memphis Symphony Orchestra Inc Memphis, TN | $6,274,797 | $4,582,397 |
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 |
Chattanooga Symphony And Opera Association Chattanooga, TN | $2,736,698 | $2,680,505 |
Mobile Symphony Inc Mobile, AL | $1,270,022 | $2,012,590 |