Mid-Texas Symphony Society
- Assets
- $537.3k
- Revenue
- $453.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Seguin, TX
- Founding
- 01/1979
- Data as of
- 06/2022
- EIN
- 74-2003063
Organization Overview
Mid-Texas Symphony Society is located in Seguin, TX. The organization was established in 1979. 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 06/2022, Mid-Texas Symphony Society employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-Texas Symphony Society 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 06/2022, Mid-Texas Symphony Society generated $453.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $388.2k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MID-TEXAS SYMPHONY BRINGS SYMPHONIC MUSIC TO THE NEW BRAUNFELS AND SEGUIN, TEXAS COMMUNITIES. THE SYMPHONY PRESENTS A CHILDREN'S CONCERT SERIES, A MUSIC MEMORY CONTEST AND A CONCERTO COMPETITION FOR UNIVERSITY STUDENTS. TOGETHER WITH TEXAS LUTHERAN UNIVERSITY, THE SYMPHONY SPONSORS A COMMUNITY MUSIC ACADEMY OFFERING STRING LESSONS AND YOUTH ORCHESTRAL AND CHORAL GROUPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SYMPHONY CONCERTS FOR THE GENERAL PUBLIC PLUS SPECIAL CONCERTS FOR SCHOOL CHILDREN.
HOSTED A SPECIAL CHRISTMAS DINNER IN CONNECTION WITH THE CHRISTMAS CONCERT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Salyers President | OfficerTrustee | 3 | $0 |
Cordelia Grant Secretary | OfficerTrustee | 3 | $0 |
Tome Walters VP Finance | OfficerTrustee | 3 | $0 |
Susan Braden VP Events | OfficerTrustee | 1 | $0 |
Marjorie Peters VP Education | OfficerTrustee | 1 | $0 |
Adrienne Stone VP Music | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,310 |
| All other contributions, gifts, grants, and similar amounts not included above | $164,926 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,236 |
| Total Program Service Revenue | $118,421 |
| Investment income | $5,462 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50,713 |
| Net Income from Fundraising Events | $41,136 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $452,968 |
| 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. | $60,540 |
| Compensation of current officers, directors, key employees. | $20,540 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,659 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,547 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $188,299 |
| Advertising and promotion | $35,578 |
| Office expenses | $3,714 |
| Information technology | $4,477 |
| Royalties | $0 |
| Occupancy | $7,140 |
| Travel | $10,799 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $843 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $990 |
| Insurance | $4,180 |
| All other expenses | $4,974 |
| Total functional expenses | $388,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,056 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,957 |
| 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 | $20,340 |
| Net Land, buildings, and equipment | $8,432 |
| Investments—publicly traded securities | $249,167 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,303 |
| Total assets | $537,255 |
| Accounts payable and accrued expenses | $2,062 |
| Grants payable | $0 |
| Deferred revenue | $129,052 |
| 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 | $131,114 |
| Net assets without donor restrictions | $406,141 |
| 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 | $537,255 |