El Paso Symphony Orchestra Assn
- Assets
- $1.9m
- Revenue
- $1.5m
- Investments
- $460.8k
- Employees
- 103
- Location
- El Paso, TX
- Founding
- 07/1938
- Data as of
- 04/2022
- EIN
- 74-6000772
Organization Overview
El Paso Symphony Orchestra Assn is located in El Paso, TX. The organization was established in 1938. 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 04/2022, El Paso Symphony Orchestra Assn employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. El Paso Symphony Orchestra Assn 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 04/2022, El Paso Symphony Orchestra Assn generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $1.5m during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SYMPHONY ORCHESTRA PERFORMANCES
Describe the Organization's Program Activity:
CLASSICAL PERFORMANCE
SPECIAL PERFORMANCE
EDUCATION AND OUTREACH
GRANT TO EPSOA FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Ellen Jacobson Epsoa - Executive Director | Officer | 40 | $98,260 |
Georgina Contreras Epsoa - VP Finance And Admin | OfficerTrustee | 2 | $0 |
Victoria Panetta Epsoa - Secretary | OfficerTrustee | 2 | $0 |
Andres Sandoval Epsoa - VP Artistic Advisement | OfficerTrustee | 2 | $0 |
Max Villaronga Epsoa - VP Finance Development | OfficerTrustee | 2 | $0 |
Joann Longoria Epsoa - VP Marketing | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $215,358 |
| All other contributions, gifts, grants, and similar amounts not included above | $786,882 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,002,240 |
| Total Program Service Revenue | $413,976 |
| Investment income | $49 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $102,224 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,540,640 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $161,244 |
| 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. | $98,860 |
| Compensation of current officers, directors, key employees. | $4,943 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $813,999 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,741 |
| Advertising and promotion | $28,397 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $103,574 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,483,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $743,758 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $284,921 |
| 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 | $8,688 |
| Net Land, buildings, and equipment | $37,126 |
| Investments—publicly traded securities | $328,383 |
| Investments—other securities | $460,757 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,951 |
| Total assets | $1,877,584 |
| Accounts payable and accrued expenses | $93,294 |
| Grants payable | $0 |
| Deferred revenue | $229,772 |
| 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 | $464,187 |
| Total liabilities | $787,253 |
| Net assets without donor restrictions | $550,441 |
| Net assets with donor restrictions | $539,890 |
| 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 | $1,877,584 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that El Paso Symphony Orchestra Assn has recieved totaling $323,667.
| Awarding Organization | Amount |
|---|---|
El Paso Community Foundation El Paso, TX PURPOSE: Music education and outreach | $94,688 |
Huthsteiner Fine Arts Trust El Paso, TX PURPOSE: GENERAL SUPPORT, EP YOUTH SYMPHONY, EDUCATION & OUTREACH, TOCANDO PROGRAM | $64,000 |
The Hunt Family Foundation El Paso, TX PURPOSE: PROVIDES ARTISTIC OPERATIONAL SUPPORT ALONG WITH EDUCATIONAL AND OUTREACH PROGRAMS | $35,000 |
Stewart Family Charitable Foundation El Paso, TX PURPOSE: PROMOTE THE ARTS IN EL PASO | $25,000 |
Moody Foundation Galveston, TX PURPOSE: SYMPHONY ORCHESTRA 90TH ANNIVERSARY SEASON | $25,000 |
Paso Del Norte Community Foundation El Paso, TX PURPOSE: Donor Advised Grant | $20,250 |
Endowment Analysis
| Beg. Balance | $460,758 |
| Ending Balance | $460,758 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fort Worth Symphony Orchestra Association Inc Fort Worth, TX | $39,389,813 | $15,284,563 |
Oklahoma Philharmonic Society Inc Oklahoma City, OK | $16,602,843 | $6,401,721 |
Austin Symphony Orchestra Society Austin, TX | $7,592,727 | $4,195,926 |
Louisiana Philharmonic Orchestra New Orleans, LA | $3,918,513 | $4,011,115 |
Tulsa Symphony Orchestra Inc Tulsa, OK | $3,114,616 | $2,041,644 |
Amarillo Symphony Inc Amarillo, TX | $5,802,759 | $2,592,502 |
The Arkansas Symphony Orchestra Society Inc Little Rock, AR | $14,211,799 | $5,063,125 |
Symphony Society Of San Antonio San Antonio, TX | $0 | $201,376 |
New Mexico Philharmonic Inc Albuquerque, NM | $458,933 | $1,791,722 |
Youth Orchestras Of San Antonio San Antonio, TX | $968,250 | $1,461,155 |
El Paso Symphony Orchestra Assn El Paso, TX | $1,877,584 | $1,540,640 |
River Oaks Chamber Orchestra Houston, TX | $650,565 | $1,492,663 |