Richardson Symphony Inc
- Assets
- $291.3k
- Revenue
- $920.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Richardson, TX
- Founding
- 06/1965
- Data as of
- 06/2023
- EIN
- 75-1186008
Organization Overview
Richardson Symphony Inc, operating under the name Richardson Symphony Orchestra, is located in Richardson, TX. The organization was established in 1965. 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 06/2023, Richardson Symphony Orchestra employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richardson Symphony Orchestra 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 06/2023, Richardson Symphony Orchestra generated $920.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $692.6k during the year ending 06/2023. While expenses have increased by 8.1% per year over the past 4 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
PROVIDE QUALITY LIVE MUSICAL PERFROMANCES OF POPULAR AND CLASSICAL MUSIC FOR NORTH DALLAS METROPLEX AREA. WE ALSO SEEK TO PROMOTE MUSIC EDUCATION WITH AN EYE TOWARDS EDUCATING FUTURE ARTISTS AND AUDIENCES BY OFFERING CHILDREN'S CONCERTS AND CLASSROOM VISITS THROUGH OUR SYMPHONY DAYS PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOW IN ITS 62ND YEAR THE ORCHESTRA IS COMPRISED OF A CORE OF ABOUT 60 PROFESSIONAL MUSICIANS FROM THROUGHOUT THE DFW AREA UNDER THE DIRECTION OF THE MUSIC DIRECTOR AND CONDUCTOR CLAY COUTURIAUX. FOUNDED IN 1961 THE RSO TYPICALLY PERFORMS A SEASON OF 6 SUBSCRIPTION PERFORMANCES OF POPLUAR AND CLASSICAL LIVE MUSIC. SOME PERFORMANCES FEATURE GUEST SOLOISTS VOCAL AND INSTRUMENTAL FROM ALL OVER THE WORLD OR POPULAR LOCAL CHORAL GROUPS OR SOLOISTS. IN ADDITION TO ITS REGULAR CONCERT SEASON SELECT ORCHESTRA MEMBERS MAY PLAY IN CONTRACT PERFORMANCES. EXAMPLES INCLUDE PROVIDING A QUARTET FOR AN EVENT OR PROVIDING ORCHESTRAL ACCOMPANIMENT FOR A PRODUCTION AT THE EISEMANN CENTER.
THE YOUNG ARTIST COMPETITION DRAWS YOUNG STRING PLAYERS AND PIANISTS FROM ACROSS THE NATION AND BEYOND. ELIGIBLE YOUNG ARTISTS COMPETE WITH THE FIRST PLACE WINNER BEING AWARDED A CASH PRIZE AS WELL AS THE OPPORTUNITY TO PRESENT THEIR CHOSEN CONCERTO OR OTHER WORK WITH THE RICHARDSON SYMPHONY ORCHESTRA DURING ONE OF OUR SPRING CONCERTS.
IN LINE WITH ITS MISSION OF DEVELOPING YOUR ARTIST AND PROMOTING MUSIC EDUCATION IN GENERAL THE RSO IS ACTIVELY INVOLVED IN ELEMENTARY EDUCATIONAL PROGRAMS THROUGH OUR SYMPHONY DAYS CLASSROOM VISITS AND SPECIAL CHILDREN'S CONCERTS. EACH ELEMENTARY SCHOOL IN RICHARDSON INDEPENDENT SCHOOL DISTRICT IS OFFERED THE OPPORTUNITY TO PARTICIPATE IN A PROGRAM WHICH INVOLVES AN ON-SITE CLASSROOM VISIT BY OUR MUSICIANS TO DEMONSTRATE THEIR INSTRUMENT AND PREPARE THE CHILDREN TO APPRECIATE AND ENJOY AN UPCOMING CONCERT PERFORMED SPECIFICALLY FOR THEM AT THE EISEMANN CENTER. IN MANY CASES THE CONCERT THEY ATTEND AS PART OF THE SYMPHONY DAYS PROGRAM IS THE FIRST CLASSICAL CONCERT THESE CHILDREN HAVE ATTENDED. THE PROGRAM FOCUS IS THIRD GRADERS. IN THE PAST WE HAVE ALSO MADE THE PROGRAM AVAILABLE TO MANY PRIVATE SCHOOLS AND HOME SCHOOL GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cameron Gross Chairman | Officer | 5 | $0 |
Leslie Benson VP Education | Officer | 5 | $0 |
Manasseh Durkin VP Development | Officer | 5 | $0 |
Angela Loggenberg Secretary | Officer | 5 | $0 |
Laurie Garvie President | Officer | 40 | $75,650 |
Jay Jolly VP Community Outreach | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $513,233 |
| Fundraising events | $1,137 |
| Related organizations | $3,445 |
| Government grants | $115,768 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $633,583 |
| Total Program Service Revenue | $231,573 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $55,708 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $920,864 |
| 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. | $79,150 |
| Compensation of current officers, directors, key employees. | $33,243 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,132 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,455 |
| Payroll taxes | $11,126 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,189 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $321,701 |
| Advertising and promotion | $40,148 |
| Office expenses | $18,849 |
| Information technology | $0 |
| Royalties | $1,826 |
| Occupancy | $53,833 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,002 |
| Interest | $6,100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,620 |
| All other expenses | $0 |
| Total functional expenses | $692,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,782 |
| Savings and temporary cash investments | $125,000 |
| 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 | $1,727 |
| Net Land, buildings, and equipment | $12,750 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $291,259 |
| Accounts payable and accrued expenses | $13,167 |
| Grants payable | $0 |
| Deferred revenue | $47,427 |
| 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 | $151,180 |
| Other liabilities | $2,711 |
| Total liabilities | $214,485 |
| Net assets without donor restrictions | $76,774 |
| 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 | $291,259 |