The Arkansas Symphony Orchestra Society Inc
- Assets
- $14.2m
- Revenue
- $5.1m
- Investments
- $9.1m
- Employees
- 135
- Location
- Little Rock, AR
- Founding
- 03/1966
- Data as of
- 06/2021
- EIN
- 71-6059542
Organization Overview
The Arkansas Symphony Orchestra Society Inc is located in Little Rock, AR. The organization was established in 1966. 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, Arkansas Symphony Orchestra Society Inc employed 135 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Symphony Orchestra Society 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, Arkansas Symphony Orchestra Society Inc generated $5.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $2.2m during the year ending 06/2021. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONCERTS, PERFORMANCES, AND ACTIVITIES HELD TO INCREASE ORCHESTRAL MUSIC APPRECIATIONAND INFLUENCE, BROADEN THE BASE OF PUBLIC AWARENESS OF ORCHESTRAL MUSIC, AND TOENHANCE CULTURAL AWARENESS AND POTENTIAL WITHIN THE STATE OF ARKANSAS.
EDUCATION PROGRAMS PRESENTED TO INFLUENCE ORCHESTRAL MUSIC APPRECIATION BY COMMUNITY.
OUTREACH PROGRAMS TO COMMUNITY TO INCREASE APPRECIATION OF ORCHESTRAL MUSIC.
OTHER INCOME
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Littlejohn Executive Director | OfficerTrustee | 40 | $134,802 |
Richard P Wheeler MD Immediate Past Chair | Trustee | 1 | $0 |
Jan Hundley Chair | Trustee | 1 | $0 |
Ernie Skyrme Treasurer/finance Committee Chair | Trustee | 1 | $0 |
Erick Saoud Aso Player's Association President | Trustee | 1 | $0 |
Rick Adkins Governance Committee Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $317,479 |
| Related organizations | $263,069 |
| Government grants | $125,409 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,953,403 |
| Noncash contributions included in lines 1a–1f | $162,837 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,659,360 |
| Total Program Service Revenue | $401,270 |
| Investment income | $2,495 |
| 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 | $5,063,125 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,925 |
| 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 | $134,802 |
| Other salaries and wages | $1,117,259 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $146,524 |
| Payroll taxes | $90,789 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,547 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,327 |
| Advertising and promotion | $67,109 |
| Office expenses | $7,095 |
| Information technology | $4,387 |
| Royalties | $0 |
| Occupancy | $75,533 |
| Travel | $720 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $202 |
| Interest | $535 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,399 |
| Insurance | $46,571 |
| All other expenses | $156,268 |
| Total functional expenses | $2,163,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,503,567 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,867,317 |
| Accounts receivable, net | $210,038 |
| 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 | $121,480 |
| Net Land, buildings, and equipment | $317,304 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,118,657 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $73,436 |
| Total assets | $14,211,799 |
| Accounts payable and accrued expenses | $64,524 |
| Grants payable | $0 |
| Deferred revenue | $771,951 |
| 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 | $295,742 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,263 |
| Total liabilities | $1,158,480 |
| Net assets without donor restrictions | $462,613 |
| Net assets with donor restrictions | $12,590,706 |
| 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 | $14,211,799 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Arkansas Symphony Orchestra Society Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Co-Tuw Marion & Miriam Rose Dallas, TX PURPOSE: MUSIC FOR AT RISK CHILDREN | $15,000 |
Endowment Analysis
| Beg. Balance | $7,407,501 |
| Earnings | $1,775,539 |
| Admin Expense | $56,149 |
| Net Contributions | $83,974 |
| Grants | $342,211 |
| Ending Balance | $8,868,654 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Tulsa Symphony Orchestra Inc Tulsa, OK | $3,114,616 | $2,041,644 |
Amarillo Symphony Inc Amarillo, TX | $5,802,759 | $2,592,502 |
Chattanooga Symphony And Opera Association Chattanooga, TN | $2,736,698 | $2,680,505 |