Alabama Symphonic Association Inc
- Assets
- $2.0m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 79
- Location
- Birmingham, AL
- Founding
- 12/1993
- Data as of
- 06/2023
- 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 06/2023, Alabama Symphonic Association Inc employed 79 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 06/2023, Alabama Symphonic Association Inc generated $5.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $6.3m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 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
2023
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 |
|---|---|---|---|
Danny Mckinney Director, Chairman | OfficerTrustee | 1 | $0 |
F Dixon Brooke Jr Director, Vice Chairman | OfficerTrustee | 1 | $0 |
Carol Phillips Director, Treasurer | OfficerTrustee | 1 | $0 |
Karen Piassick Director, Secretary | OfficerTrustee | 1 | $0 |
Peggy Balliet Director | Trustee | 1 | $0 |
Dylan Black Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $773,284 |
| Government grants | $326,864 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,010,550 |
| Noncash contributions included in lines 1a–1f | $253,684 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,110,698 |
| Total Program Service Revenue | $1,170,383 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,328,303 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,609,386 |
| 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 | $3,578,135 |
| Pension plan accruals and contributions | $157,246 |
| Other employee benefits | $611,642 |
| Payroll taxes | $272,308 |
| 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 | $479,986 |
| Advertising and promotion | $337,474 |
| Office expenses | $64,060 |
| Information technology | $45,851 |
| Royalties | $14,214 |
| Occupancy | $243,219 |
| Travel | $55,535 |
| 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 | $23,362 |
| Insurance | $46,380 |
| All other expenses | $147,367 |
| Total functional expenses | $6,293,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $918,205 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $779,498 |
| 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 | $121,361 |
| Net Land, buildings, and equipment | $148,082 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,967,146 |
| Accounts payable and accrued expenses | $123,271 |
| Grants payable | $0 |
| Deferred revenue | $372,233 |
| 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 | $495,504 |
| Net assets without donor restrictions | $1,221,642 |
| Net assets with donor restrictions | $250,000 |
| 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 | $1,967,146 |