Meridian Symphony Association Inc
- Assets
- $362.7k
- Revenue
- $439.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Meridian, MS
- Founding
- 10/1964
- Data as of
- 05/2022
- EIN
- 64-6025769
Organization Overview
Meridian Symphony Association Inc is located in Meridian, MS. The organization was established in 1964. 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 05/2022, Meridian Symphony Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meridian 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 05/2022, Meridian Symphony Association Inc generated $439.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $520.1k during the year ending 05/2022. While expenses have increased by 3.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE CLASSICAL MUSIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
SYMPHONY ORCHESTRA-CLASSICAL CONCERTS, PERPPERMINT POPS CONCERT, FREE CHILDRENS CONCERT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyler Walton Governance Chair | Officer | 5 | $0 |
Douglas Coleman Fund Development Chair | Officer | 5 | $0 |
Cara Purvis Executive Director | Officer | 40 | $0 |
Debra Munsell Secretary | Officer | 10 | $0 |
Keemonica Johnson Treasurer | Officer | 5 | $0 |
Megan Porter President | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,137 |
| Related organizations | $0 |
| Government grants | $42,505 |
| All other contributions, gifts, grants, and similar amounts not included above | $238,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $282,442 |
| Total Program Service Revenue | $147,288 |
| 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 | $439,450 |
| 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. | $46,863 |
| Compensation of current officers, directors, key employees. | $46,863 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,114 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,437 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,330 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,202 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,859 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $730 |
| All other expenses | $414,078 |
| Total functional expenses | $520,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,323 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,266 |
| 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 | $278,108 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $362,697 |
| Accounts payable and accrued expenses | $0 |
| 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 | $16,717 |
| Total liabilities | $16,717 |
| 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 | $345,980 |
| Total liabilities and net assets/fund balances | $362,697 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Meridian Symphony Association Inc has recieved totaling $61,045.
| Awarding Organization | Amount |
|---|---|
Phil Hardin Foundation Meridian, MS PURPOSE: THE DR. JOE S. COVINGTON ENDOWMENT | $50,000 |
Eugene & Mary Elizabeth Williams Tr Charitable 451 4055000448 Birmingham, AL PURPOSE: GENERAL OPERATING | $10,017 |
Mississippi Power Foundation Inc Gulfport, MS PURPOSE: SUPPORT THE ARTS/CULTURAL AND ECONOMIC GROWTH IN DOWNTOWN MERIDIAN | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $28 |
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 |