Louisiana Symphony Association
- Assets
- $1.6m
- Revenue
- $1.3m
- Investments
- $747.6k
- Employees
- 6
- Location
- Baton Rouge, LA
- Founding
- 11/1970
- Data as of
- 06/2023
- EIN
- 72-6001959
Organization Overview
Louisiana Symphony Association, operating under the name Baton Rouge Symphony, is located in Baton Rouge, LA. The organization was established in 1970. 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 06/2023, Baton Rouge Symphony employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baton Rouge Symphony 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 06/2023, Baton Rouge Symphony generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 7 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A SYMPHONY ORCHESTRA, AND TO PROVIDE EDUCATIONAL AND CULTURAL ENRICHMENT FOR THE PEOPLE OF GREATER BATON ROUGE AND THE STATE OF LOUISIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A SYMPHONY ORCHESTRA AND CULTURAL ENRICHMENT FOR THE GREATER BATON ROUGE AREA.
THE LOUISIANA YOUTH ORCHESTRAS (LYO) SEEK TO SUPPLEMENT AND ENHANCE MUSIC EDUCATION IN THE SCHOOLS AND PROMOTE THE HIGHEST STANDARDS OF ORCHESTRAL PERFORMANCE. LYO IS A PROGRAM OF FOUR DIFFERENT ENSEMBLES THAT PROVIDE ORCHESTRAL TRAINING THROUGH WEEKLY REHEARSALS. THIS PROGRAM SERVICES OVER 150 STUDENTS RANGING IN AGE FROM 5 TO 21.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Speyrer Director | Trustee | 1 | $0 |
Kara Kantrow Director | Trustee | 1 | $0 |
Emily Kay Director | Trustee | 1 | $0 |
Brad Mathews Director | Trustee | 1 | $0 |
Nicholas Raush Director | Trustee | 1 | $0 |
Shannon Lewy Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,155 |
| Related organizations | $0 |
| Government grants | $108,893 |
| All other contributions, gifts, grants, and similar amounts not included above | $580,433 |
| Noncash contributions included in lines 1a–1f | $2,556 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $709,481 |
| Total Program Service Revenue | $523,287 |
| Investment income | $30,898 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18,156 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,282,385 |
| 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 | $630,116 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,758 |
| Payroll taxes | $47,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,000 |
| Fees for services: Accounting | $24,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,466 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,857 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,069 |
| 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 | $8,156 |
| Insurance | $36,896 |
| All other expenses | $74,445 |
| Total functional expenses | $1,447,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $413,988 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $13,120 |
| Accounts receivable, net | $9,487 |
| 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 | $552 |
| Net Land, buildings, and equipment | $57,207 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $747,604 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $310,989 |
| Total assets | $1,552,947 |
| Accounts payable and accrued expenses | $66,220 |
| Grants payable | $0 |
| Deferred revenue | $95,004 |
| 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 | $136,616 |
| Total liabilities | $297,840 |
| Net assets without donor restrictions | $162,582 |
| Net assets with donor restrictions | $1,092,525 |
| 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 | $1,552,947 |