Gulf Coast Symphony Orchestra Inc
- Assets
- $393.4k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 8
- Location
- Fort Myers, FL
- Founding
- 01/1998
- Data as of
- 06/2021
- EIN
- 65-0666748
Organization Overview
Gulf Coast Symphony Orchestra Inc is located in Fort Myers, FL. The organization was established in 1998. 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, Gulf Coast Symphony Orchestra Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gulf Coast Symphony Orchestra 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, Gulf Coast Symphony Orchestra Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. While expenses have increased by 5.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GULF COAST SYMPHONY EXISTS TO CONTRIBUTE TO THE CULTURAL ENRICHMENT OF LEE COUNTY BY PRODUCING AND PERFORMING A BROAD VARIETY OF CONCERTS AND CREATING INNOVATIVE BALANCED PROGRAMS OF PERFORMANCES EVENT COMMUNITY & EDUCATION PROJECT TO REACH THE WIDEST POSSIBLE AUDIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GULF COAST SYMPHONY PROVIDES AN OPPORTUNITY FOR AREA MUSICIANS TO PARTICIPATE IN THE ORCHESTRAL EXPERIENCE AT THE VERY HIGHEST LEVELS. THE ORCHESTRA ENCOURAGES THE GROWTH OF SYMPHONIC MUSIC IN THE GREATER COMMUNITY BY PERFORMING A VARIETY OF CONCERTS EACH YEAR INCLUDING CLASSICAL POPS AND FAMILY EDUCATION CONCERTS. THE GULF COAST SYMPHONY HELPS PROMOTE THE CAREERS OF EMERGING ARTISTS BY FEATURING THEM AS SOLOISTS AT OUR CONCERTS AND IN RECITAL. THESE SAME ARTISTS PARTICIPATE IN THE SYMPHONY'S EDUCATION PROGRAM MUSICAL GATEWAYS OUR IN-SCHOOL PROGRAM AND ALSO IN OTHER LOCATIONS THROUGHOUT OUR COMMUNITY. ON MARCH 14 2020 WE WERE FORCED TO SUSPEND OUR OPERATIONS DUE TO THE COVID PANDEMIC. WE RESUMED ACTIVITIES OPERATING AT 25% CAPACITY IN OCTOBER 2020. WE PERFORMED 7 FALL CONCERTS AT THE BARBARA B. MANN PERFORMING ARTS HALL INCLUDING HIGHLIGHTS OF THE NUTCRACKER USING REDUCED ORCHESTRA.IN JANUARY 2021 WE OPENED OUR NEW MUSIC & ART COMMUNITY CENTER PRESENTING ORCHESTRA CONCERTS 2 MUSICALS OPERA ELIXIR OF LOVE JAZZ CHAMBER MUSIC AND CABARETS. WE ALSO PERFORMED ANOTHER 9 PRODUCTIONS 13 PERFORMANCES AT THE BARBARA B. MANN PERFORMING ARTS HALL. THESE SHOWS INCLUDED PRODUCTIONS OF EVITA & SHE LOVES ME PLUS WELL RECEIVED SYMPHONIC POPS WHERE PRODUCED WHILE STILL OPERATING AT REDUCED CAPACITY AND MUSICIANS AND WITH COVID PROTOCOLS IN PLACE FOR ALL PERFORMERS. IN ALL THE SYMPHONY PRESENTED 58 PERFORMANCES THIS SEASON. UNFORTUNATELY ALL OUR COMMUNITY OUTREACH AND SCHOOL-BASED PROGRAMS WERE STILL SUSPENDED DUE TO THE PANDEMIC AND COVID RESTRICTIONS IN PLACE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew M Kurtz Music Executive Director | OfficerTrustee | 60 | $94,353 |
Iris D Landefeld President Of The Board | OfficerTrustee | 8 | $0 |
Reece Nanfito Secretary Of The Board | OfficerTrustee | 1 | $0 |
Jay Ducharme Treasurer Of The Board | OfficerTrustee | 1 | $0 |
Kathleen Goeschel Director | Trustee | 1 | $0 |
Jeaneane Labombard Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,870 |
| Related organizations | $0 |
| Government grants | $469,721 |
| All other contributions, gifts, grants, and similar amounts not included above | $642,257 |
| Noncash contributions included in lines 1a–1f | $147,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,125,848 |
| Total Program Service Revenue | $331,405 |
| Investment income | $4,747 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,190 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,468,190 |
| 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 | $307,718 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,678 |
| Payroll taxes | $11,534 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,874 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $495,275 |
| Advertising and promotion | $80,911 |
| Office expenses | $12,173 |
| Information technology | $48,706 |
| Royalties | $0 |
| Occupancy | $191,312 |
| Travel | $62,363 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,436 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,935 |
| All other expenses | $0 |
| Total functional expenses | $1,354,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,028 |
| Savings and temporary cash investments | $25 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,000 |
| 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 | $138,088 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,270 |
| Total assets | $393,411 |
| Accounts payable and accrued expenses | $23,781 |
| Grants payable | $67,277 |
| Deferred revenue | $138,088 |
| 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 | $274,673 |
| Other liabilities | $0 |
| Total liabilities | $503,819 |
| 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 | -$110,408 |
| Total liabilities and net assets/fund balances | $393,411 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Gulf Coast Symphony Orchestra Inc has recieved totaling $20,185.
| Awarding Organization | Amount |
|---|---|
Claiborne F Foulds Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $185 |
Endowment Analysis
| Beg. Balance | $16,838 |
| Earnings | $4,738 |
| Admin Expense | -$843 |
| Other Expense | -$13,869 |
| Ending Balance | $6,864 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
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 |
Mobile Symphony Inc Mobile, AL | $1,270,022 | $2,012,590 |
Ocala Symphony Orchestra Inc Ocala, FL | $5,499,997 | $3,987,306 |
Venice Symphony Inc Venice, FL | $3,987,388 | $2,493,315 |
All Florida Youth Orchestra Hollywood, FL | $1,150,725 | $1,869,716 |
Huntsville Symphony Orchestra Association Huntsville, AL | $930,453 | $1,719,039 |