Mississippi Symphony Orchestra Association
- Assets
- $734.3k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 116
- Location
- Jackson, MS
- Founding
- 07/1945
- Data as of
- 06/2020
- EIN
- 64-0273405
Organization Overview
Mississippi Symphony Orchestra Association is located in Jackson, MS. The organization was established in 1945. 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, Mississippi Symphony Orchestra Association employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi 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 06/2020, Mississippi Symphony Orchestra Association generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $1.8m during the year ending 06/2020. While expenses have increased by 0.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER EDUCATIONAL AND CULTURAL DEVELOPMENT OF THE MUSIC/PERFORMING ARTS FOR THE RESIDENTS OF THE STATE OF MISSISSIPPI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ORCHESTRA MUSIC TO THE CITIZENS OF MISSISSIPPI AND PROMOTED CITIZEN APPRECIATION OF SYMPHONIC MUSIC IN MISSISSIPPI.
PROVIDED EDUCATION AND TRAINING FOR AMATEUR AND PROFESSIONAL MUSICIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Crafton Beck Music Director (ex-Officio) | Trustee | 40 | $94,122 |
Michael Beattie President/ex. Dir. (ex-Officio) | Trustee | 40 | $92,015 |
Nora Frances Mcrae Chairman | OfficerTrustee | 0 | $0 |
Dorothy Brasfield V. P. Education | OfficerTrustee | 0 | $0 |
Mona Patel Graham Secretary | OfficerTrustee | 0 | $0 |
Jack Allin Vice-Chairman | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,458,225 |
| Investment income | $169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,428 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,178,067 |
| Statement of Expenses | |
|---|---|
| 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. | $190,103 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $911,403 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $435 |
| Payroll taxes | $87,744 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $197,800 |
| Office expenses | $17,474 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,143 |
| Travel | $2,180 |
| 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 | $11,459 |
| Insurance | $19,246 |
| All other expenses | $0 |
| Total functional expenses | $1,776,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $505,944 |
| Savings and temporary cash investments | $79,076 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $22,273 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,450 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,000 |
| Total assets | $734,261 |
| Accounts payable and accrued expenses | $112,508 |
| Grants payable | $0 |
| Deferred revenue | $185,927 |
| 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 | $264,460 |
| Total liabilities | $562,895 |
| 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 |
| Total liabilities and net assets/fund balances | $171,366 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Mississippi Symphony Orchestra Association has recieved totaling $194,483.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Mississippi Jackson, MS PURPOSE: GENERAL OPER SUPPORT | $89,978 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $60,000 |
John N Palmer Foundation Inc Jackson, MS PURPOSE: UNRESTRICTED CASH GIFT | $20,000 |
Kathryn & Julian Wiener Fund Montgomery, AL PURPOSE: GENERAL FUND | $14,000 |
W E Walker Foundation Ridgeland, MS PURPOSE: TO SUPPORT THE MISSION OF THE ORGANIZATION. | $5,000 |
Feild Co-Operative Association Incorporated Ridgeland, MS PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashville Symphony Association Nashville, TN | $100,031,908 | $12,366,678 |
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 |
Louisiana Philharmonic Orchestra New Orleans, LA | $3,918,513 | $4,011,115 |
Chattanooga Symphony And Opera Association Chattanooga, TN | $2,736,698 | $2,680,505 |
The Arkansas Symphony Orchestra Society Inc Little Rock, AR | $14,211,799 | $5,063,125 |
Mobile Symphony Inc Mobile, AL | $1,270,022 | $2,012,590 |
Mississippi Symphony Orchestra Association Jackson, MS | $734,261 | $2,178,067 |
Huntsville Symphony Orchestra Association Huntsville, AL | $930,453 | $1,719,039 |
Symphony Orchestra Of Northwest Arkansas Fayetteville, AR | $1,710,767 | $1,199,356 |
Jackson Symphony Association Jackson, TN | $488,412 | $1,149,232 |