Arkansas Symphony Orchestra Foundation
- Assets
- $9.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 07/1993
- Data as of
- 06/2021
- EIN
- 71-0723879
Organization Overview
Arkansas Symphony Orchestra Foundation is located in Little Rock, AR. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Symphony Orchestra Foundation 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, Arkansas Symphony Orchestra Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 37.1% each year . All expenses for the organization totaled $398.4k during the year ending 06/2021. While expenses have increased by 12.9% 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 FOUNDATION HOLDS ENDOWMENT FUNDS TO SUPPORT THE PROGRAMS OF THE ARKANSAS SYMPHONY ORCHESTRA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SUPPORT FOR THE ARKANSAS SYMPHONY ORCHESTRA SOCIETY, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Andreoli Secretary | OfficerTrustee | 1 | $0 |
John Rowland President | OfficerTrustee | 1 | $0 |
Frederick Adkins Vp/treasurer | OfficerTrustee | 1 | $0 |
Meredith Catlett Director | Trustee | 1 | $0 |
Dora Jane Flesher Director | Trustee | 1 | $0 |
Brigita Gardner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $83,974 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,974 |
| Total Program Service Revenue | $0 |
| Investment income | $136,189 |
| 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 | $1,859,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $342,211 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $56,148 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $398,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,768 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $47,417 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,245,157 |
| Total assets | $9,324,342 |
| Accounts payable and accrued expenses | $205,688 |
| 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 | $0 |
| Total liabilities | $205,688 |
| Net assets without donor restrictions | $310,524 |
| Net assets with donor restrictions | $8,808,130 |
| 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 | $9,324,342 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Arkansas Symphony Orchestra Foundation has recieved totaling $168,460.
| Awarding Organization | Amount |
|---|---|
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: GENERAL OPERATING SUPPORT | $138,210 |
Cindy And Chip Murphy Foundation Little Rock, AR PURPOSE: TO BE USED TO FULFILL THE ORGANIZATION'S MISSION IN CONNECTING, ENRICHING, INSPIRING AND ADVANCING ARKANSAS THROUGH THE POWER OF MUSIC. | $15,000 |
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: DONATION TO OPERATING FUND | $10,000 |
Bass Family Charitable Foundation Little Rock, AR PURPOSE: GENERAL FUND - MUSIC EDUCATION | $5,000 |
Lpl Financial Foundation Inc Boston, MA PURPOSE: OPERATIONAL SUPPORT | $250 |
Endowment Analysis
| Beg. Balance | $7,407,506 |
| Earnings | $1,775,539 |
| Admin Expense | $56,149 |
| Net Contributions | $83,974 |
| Grants | $342,211 |
| Ending Balance | $8,868,659 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Symphony Association Inc Dallas, TX | $30,480,044 | $38,703,176 |
Saint Louis Symphony Orchestra St Louis, MO | $77,659,859 | $61,304,520 |
Houston Symphony Society Houston, TX | $6,917,238 | $35,994,603 |
Kansas City Symphony Kansas City, MO | $64,822,369 | $17,397,853 |
Fort Worth Symphony Orchestra Association Inc Fort Worth, TX | $39,389,813 | $15,284,563 |
Saint Louis Symphony Endowment Trust Saint Louis, MO | $280,111,729 | $18,922,089 |
Nashville Symphony Association Nashville, TN | $100,031,908 | $12,366,678 |
Oklahoma Philharmonic Society Inc Oklahoma City, OK | $16,602,843 | $6,401,721 |
Austin Symphony Orchestra Society Austin, TX | $7,592,727 | $4,195,926 |
Knoxville Symphony Society Inc Knoxville, TN | $1,484,079 | $3,960,669 |
Memphis Symphony Orchestra Inc Memphis, TN | $6,274,797 | $4,582,397 |
Louisiana Philharmonic Orchestra New Orleans, LA | $3,918,513 | $4,011,115 |