The Laredo Philharmonic
- Assets
- $44.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Laredo, TX
- Founding
- 08/1981
- Data as of
- 09/2023
- EIN
- 74-2169044
Organization Overview
The Laredo Philharmonic is located in Laredo, TX. The organization was established in 1981. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laredo Philharmonic 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 09/2023, Laredo Philharmonic generated $71.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $63.5k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
DURING THE FISCAL YEAR ENDING SEPTEMBER 30, 2023, THE LAREDO PHILHARMONIC CONTRACTED A NEW ARTISTIC DIRECTOR TO LEAD AND GUIDE THE ORCHESTRA. DR. HECTOR AGUERO, A VERSATILE MUSICIAN AND CONDUCTOR WITH WIDE-RANGING EXPERIENCE WAS CHOSEN FOR THE POSITION. THE LAREDO PHILHARMONIC PERFORMED TWO FULL ORCHESTRA CONCERTS INCLUDING PERFORMANCES BY THE LAREDO PHILHARMONIC CHORALE. THE ORCHESTRA AND CHORALE PERFORMED ITS FIRST CONCERT SINCE THE COVID 19 PANDEMIC IN DECEMBER 2022 WITH ITS "CHRISTMAS ARRIVES CONCERT". THE "LOVE, JOY AND REMEMBRANCE" CONCERT WAS PERFORMED IN APRIL 2023 IN MEMORY OF THE LATE BRENDON TOWNSEND, THE PREVIOUS CONDUCTOR. THE ORCHESTRA INCLUDED PROFESSIONAL MUSICIANS FROM LAREDO AND SOUTH TEXAS AND PROVIDED AN OPPORTUNITY FOR GIFTED STUDENTS TO PLAY WITH THE PROFESSIONAL ORCHESTRA. THE LAREDO PHILHARMONIC CHORALE INCLUDED COMMUNITY MEMBERS, AND STUDENTS FROM HIGH SCHOOL AND COLLEGE CHORAL GROUPS INCLUDING THEIR INSTRUCTORS. BOTH CONCERTS WERE WELL RECEIVED BY THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Crabtree President | 4 | $0 | |
Laura Llanes Vice President | 4 | $0 | |
Elizabeth Casso Treasurer | 4 | $0 | |
Brenda Garcia Secretary | 2 | $0 | |
Anna Isabel Alvarez Board Member | 4 | $0 | |
Nancy DE Anda Board Member | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,671 |
| Total Program Service Revenue | $16,211 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,475 |
| Other Revenue | $0 |
| Total Revenue | $71,357 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $50,840 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $314 |
| Other expenses | $12,380 |
| Total expenses | $63,534 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $44,512 |
| Other assets | $0 |
| Total assets | $44,512 |
| Total liabilities | $0 |
| Net assets or fund balances | $44,512 |