South Texas Symphony Association Inc
- Assets
- $690.2k
- Revenue
- $798.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Mcallen, TX
- Founding
- 10/1976
- Data as of
- 05/2023
- EIN
- 74-1939277
Organization Overview
South Texas Symphony Association Inc is located in Mcallen, TX. The organization was established in 1976. 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 05/2023, South Texas Symphony Association Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Texas Symphony Association 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 05/2023, South Texas Symphony Association Inc generated $798.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $900.2k during the year ending 05/2023. While expenses have increased by 5.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE APPRECIATION FOR SYMPHONIC AND CHORAL MUSIC WITHIN THE GENERAL PUBLIC RESIDING IN THE LOWER RIO GRANDE VALLEY OF TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF MUSIC IN THE RIO GRANDE VALLEY AND THE PRODUCTION OF CONCERTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Crane President | OfficerTrustee | 1 | $0 |
Harry Urey Jr Vice-President | OfficerTrustee | 1 | $0 |
Timothy A Sers Secretary | OfficerTrustee | 1 | $0 |
Nina Torkelson MD Treasurer | OfficerTrustee | 1 | $0 |
Orlando Castaneda Director | Trustee | 1 | $0 |
Dr Rutchie Contreras Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $124,950 |
| Related organizations | $0 |
| Government grants | $148,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $212,107 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $485,057 |
| Total Program Service Revenue | $294,534 |
| Investment income | $10,169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,739 |
| Net Income from Fundraising Events | $2,995 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $798,751 |
| 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. | $84,385 |
| Compensation of current officers, directors, key employees. | $27,051 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $144,809 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,938 |
| Payroll taxes | $15,979 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,545 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,469 |
| Advertising and promotion | $29,830 |
| Office expenses | $11,156 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,200 |
| Travel | $26,276 |
| 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 | $3,180 |
| Insurance | $11,715 |
| All other expenses | $44,940 |
| Total functional expenses | $900,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $295,581 |
| Savings and temporary cash investments | $331,379 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,392 |
| 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 | $11,350 |
| Net Land, buildings, and equipment | $8,375 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,100 |
| Total assets | $690,177 |
| Accounts payable and accrued expenses | $29,652 |
| Grants payable | $0 |
| Deferred revenue | $57,470 |
| 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 | $87,122 |
| Net assets without donor restrictions | $603,055 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $690,177 |