Symphony Of Southeast Texas Inc
- Assets
- $1.0m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Beaumont, TX
- Founding
- 02/1953
- Data as of
- 05/2024
- EIN
- 74-1366294
Organization Overview
Symphony Of Southeast Texas Inc is located in Beaumont, TX. The organization was established in 1953. 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 05/2024, Symphony Of Southeast Texas Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Symphony Of Southeast Texas 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 05/2024, Symphony Of Southeast Texas Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.1m during the year ending 05/2024. While expenses have increased by 3.3% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, MAINTAIN, AND NURTURE A SYMPHONY ORCHESTRA OF THE HIGHEST ACHIEVABLE ARTISTIC QUALITY THAT WILL, WITHIN A VIABLE ECONOMIC FRAMEWORK, PLAY A MAJOR ROLE IN THE EDUCATION, ENTERTAINMENT, AND CULTURAL ENRICHMENT OF ALL RESIDENTS OF SOUTHEAST TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SYMPHONY PROGRAMS PROMOTE A FURTHER APPRECIATION OF SYMPHONIC MUSIC AND PRESENT STUDENT CONCERTS TO FURTHER THE MUSICAL EDUCATION OF STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny Angelo Education | OfficerTrustee | $0 | |
Barbara Barron President-El | OfficerTrustee | $0 | |
Michael Bartnik Lamar Repres | OfficerTrustee | $0 | |
Sandra Clark Past Preside | OfficerTrustee | $0 | |
Stephanie Daleo At Large Mem | Trustee | $0 | |
Kate Davis President | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $574,107 |
| Noncash contributions included in lines 1a–1f | $5,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $585,107 |
| Total Program Service Revenue | $328,258 |
| Investment income | $22,131 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,285 |
| Net Income from Fundraising Events | $75,723 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,023,362 |
| 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 | $304,309 |
| Pension plan accruals and contributions | $7,539 |
| Other employee benefits | $0 |
| Payroll taxes | $23,280 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,247 |
| Fees for services: Other | $0 |
| Advertising and promotion | $41,486 |
| Office expenses | $64,170 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $92,913 |
| Travel | $67,065 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,425 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,785 |
| Insurance | $12,669 |
| All other expenses | $48,813 |
| Total functional expenses | $1,064,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,366 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,995 |
| 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 | $13,067 |
| Net Land, buildings, and equipment | $11,249 |
| Investments—publicly traded securities | $951,348 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,044,025 |
| Accounts payable and accrued expenses | $21,134 |
| Grants payable | $0 |
| Deferred revenue | $217,769 |
| 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 | $140,000 |
| Other liabilities | $0 |
| Total liabilities | $378,903 |
| Net assets without donor restrictions | $248,297 |
| Net assets with donor restrictions | $416,825 |
| 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 | $1,044,025 |