Waco Symphony Association Inc
- Assets
- $500.1k
- Revenue
- $371.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Waco, TX
- Founding
- 04/1964
- Data as of
- 04/2021
- EIN
- 74-6062658
Organization Overview
Waco Symphony Association Inc is located in Waco, TX. The organization was established in 1964. 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 04/2023, Waco Symphony Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waco 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 04/2021, Waco Symphony Association Inc generated $371.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.4%) each year. All expenses for the organization totaled $378.5k during the year ending 04/2021. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF THE WACO SYMPHONY AND RELATED EVENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONCERTS - IN LINE WITH THE WACO SYMPHONY'S MISSION STATEMENT OF BRINGING CLASSICAL MUSIC TO THE LOCAL COMMUNITY, THE WACO SYMPHONY PRESENTED FIVE CLASSICAL CONCERTS DURING THE YEAR WHICH INCLUDED GUEST ARTISTS NORM LEWIS, JEREMY DENK AND GIL SHAHAM. THE SEASON ALSO HIGHLIGHTED NICHOLAS BARDONNAY'S GRAND CANYON SUITE VISUAL CONCERTO, WHICH BROUGHT THE MUSIC TO LIFE WITH STUNNING PHOTOGRAPHY OF THE GRAND CANYON. A SPECIAL HOLIDAY SEAON PERFORMANCE OF THE NUTCRACKER TOOK PLACE IN DECEMBER.THE WSA PROVIDES AN INTERNSHIP FOR UNDERGRAD OR GRADUATE STUDENTS MAJORING IN MUSIC PERFORMANCE, WHICH AFFORDS THEM AN OPPORTUNITY TO PERFORM WITH THE WACO SYMPHONY ORCHESTRA. IN ADDITION TO THE OPPORTUNITY TO PERFORM WITH A PROFESSIONAL ORCHESTRA THROUGH THE INTERNSHIP, STUDENTS ARE AWARDED A SCHOLARSHIP FOR THEIR COLLEGE EDUCATION.
CHILDREN'S EDUCATION: BELLES AND BRASS - THE WACO SYMPHONY ASSOCIATION'S LONG-STANDING BELLE AND BRASS PROGRAM ACCEPTS HIGH SCHOOL SOPHOMORE AND JUNIOR GIRLS AND JUNIOR BOYS IN AN ETIQUETTE TRAINING AND CLASSICAL MUSIC APPRECIATION PROGRAM WHICH NOT ONLY INTRODUCES YOUNG STUDENTS TO THE WORLD OF CLASSICAL MUSIC BUT ALSO ENCOURAGES THEIR PARENTS TO ATTEND ALL SYMPHONY CONCERT PERFORMANCES. PARTICIPANTS IN THE PROGRAM SERVE AS VOLUNTEER GREETERS AT THE CONCERTS. THE BELLES & BRASS PROGRAM FOR THE 2022-23 YEAR INCLUDED 23 JUNIOR SYMPHONY BELLES, 42 SOPHOMORE SYMPHONY BELLES AND 13 SYMPHONY BRASS. ADOPT-A-SCHOOL- THE WACO SYMPHONY ASSOCIATION DONATES FUNDS TO SCHOOL ORCHESTRAS FOR NEW INSTRUMENTS, REFURBISHMENT OF CURRENT INSTRUMENTS, AND OTHER ITEMS NEEDED TO PROVIDE AN OPPORTUNITY TO STUDENTS TO PLAY IN THE SCHOOL ORCHESTRA. CHILDREN'S CONCERT- EVERY FALL, THE WACO SYMPHONY ORCHESTRA PRESENTS A CONCERT FOR WACO AREA SCHOOL CHILDREN TO EXPOSE STUDENTS TO CLASSICAL ORCHESTRAL MUSIC.
WACO SYMPHONY YOUTH ORCHESTRA- THE ASSOCIATION SPONSORS THE WACO SYMPHONY YOUTH ORCHESTRA AND ALSO PAYS TUITION FOR SELECT STUDENTS AS NEEDED AND REQUESTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Harder President | OfficerTrustee | 2 | $0 |
Rex Davis President-Elect | OfficerTrustee | 1 | $0 |
Lisa Lacy Vice-Pres.,artistc Advi | OfficerTrustee | 1 | $0 |
Joe Calao Vice-Pres.,nominating | OfficerTrustee | 1 | $0 |
Jon Gimble Vice-Pres.,audience Develo | OfficerTrustee | 1 | $0 |
Heyward Green Vice-Pres.,strategic Plann | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $290,343 |
| Investment income | $3,295 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $371,642 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $2,150 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,771 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,699 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,943 |
| Payroll taxes | $17,760 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,765 |
| Office expenses | $6,880 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,640 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $480 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,869 |
| Insurance | $4,102 |
| All other expenses | $0 |
| Total functional expenses | $378,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $346,598 |
| Savings and temporary cash investments | $150,000 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $500,079 |
| Accounts payable and accrued expenses | $6,504 |
| Grants payable | $0 |
| Deferred revenue | $126,342 |
| 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 | $132,846 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $367,233 |