Midland Odessa Symphony And Chorale Inc
- Assets
- $4.7m
- Revenue
- $1.2m
- Investments
- $2.0m
- Employees
- 119
- Location
- Midland, TX
- Founding
- 09/1969
- Data as of
- 06/2021
- EIN
- 75-1301544
Organization Overview
Midland Odessa Symphony And Chorale Inc is located in Midland, TX. The organization was established in 1969. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Midland Odessa Symphony And Chorale Inc employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midland Odessa Symphony And Chorale 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 06/2021, Midland Odessa Symphony And Chorale Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. 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
EACH SEASON THE MOSC PERFORMS FOUR MASTERWORKS CONCERTS AND FOUR POPS CONCERTS FOR WHICH A MUSIC DIRECTOR, CORE MUSICIANS, GUEST ARTISTS AND PER-SERVICE MUSICIANS ARE CONTRACTED. THE INSTRUMENTAL CHAMBER ENSEMBLES OF THE MOSC PERFORM EDUCATIONAL AND ENTERTAINING ON-CAMPUS IN-SCHOOL CONCERTS FOR ELEMENTARY STUDENTS IN MISD AND ECISD AND SIX CHAMBER CONCERTS EACH SEASON. THE CORE MUSICIANS OF THE MOSC ALSO PROVIDE PRIVATE INSTRUCTION TO MUSIC STUDENTS IN MIDLAND, ODESSA AND SURROUNDING AREAS AS WELL AS PERFORMING ON A FREELANCE BASIS FOR PRIVATE AND COMMUNITY EVENTS. THE MOSC ALSO CONTRACTS THE SERVICES OF THE CHORALE DIRECTOR AND PER-SERVICE ACCOMPANIST FOR THE ADULT CHORALE;SIMILARLY A YOUTH CHOIR DIRECTOR IS CONTRACTED FOR THE YOUTH CHOIR WITH A PER-SERVICE ACCOMPANIST. THESE TWO CHORAL ENSEMBLES PERFORM THREE CHAMBER CONCERTS AS WELL AS COLLABORATIONS WITH THE SYMPHONY AND COMMUNITY EVENTS.ANNUALLY, THE MIDLAND FESTIVAL BALLET CONTRACTS THE MOSC FOR THE LIVE MUSICAL ACCOMPANIMENT FOR
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONCERT PRODUCTION OF SYMPHONIC MUSIC FOR THE ENJOYMENT AND EDUCATION OF THE GENERAL PUBLIC. MOSC PRESENTS VARIOUS SYMPHONIC CONCERTS, INCLUDING ENSEMBLE CONCERTS, POPS CONCERTS, AND MASTERWORKS CONCERTS EACH MONTH FROM SEPTEMBER THROUGH MAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ethan Wills Executive Dir. | Officer | 40 | $49,167 |
Pat Canty President | OfficerTrustee | 1 | $0 |
Thomas Elrod Executive VP | OfficerTrustee | 1 | $0 |
Gregory Smith VP Sponsorship | OfficerTrustee | 1 | $0 |
Diann Mckee Secretary | OfficerTrustee | 1 | $0 |
Mark Germer VP Finance | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $71,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $920,499 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $992,399 |
| Total Program Service Revenue | $147,396 |
| Investment income | $49,468 |
| 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 | $1,189,263 |
| 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. | $49,167 |
| Compensation of current officers, directors, key employees. | $49,167 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $575,821 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $92,034 |
| Payroll taxes | $47,242 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,309 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,035 |
| 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 | $28,057 |
| Insurance | $0 |
| All other expenses | $17,956 |
| Total functional expenses | $1,108,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $709,268 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,750 |
| 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 | $9,003 |
| Net Land, buildings, and equipment | $132,704 |
| Investments—publicly traded securities | $1,841,697 |
| Investments—other securities | $1,957,607 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,668,029 |
| Accounts payable and accrued expenses | $48,512 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $87,270 |
| Other liabilities | $0 |
| Total liabilities | $135,782 |
| Net assets without donor restrictions | $1,959,497 |
| Net assets with donor restrictions | $2,572,750 |
| 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 | $4,668,029 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Midland Odessa Symphony And Chorale Inc has recieved totaling $178,409.
| Awarding Organization | Amount |
|---|---|
Permian Basin Area Foundation Midland, TX PURPOSE: Arts and Culture | $103,336 |
Beal Foundation Midland, TX PURPOSE: OPERATING FUNDS | $50,000 |
Pevehouse Family Foundation Inc Midland, TX PURPOSE: OPERATIONAL EXPENSES | $20,000 |
Bryant Family Foundation Dallas, TX PURPOSE: ARTS & CULTURE | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $73 |
Endowment Analysis
| Beg. Balance | $2,004,095 |
| Earnings | $499,270 |
| Net Contributions | $8,506 |
| Other Expense | $63,463 |
| Ending Balance | $2,448,408 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Van Cliburn Foundation Inc Fort Worth, TX | $13,509,302 | $8,934,359 |
Harmony House Inc Houston, TX | $6,531,706 | $4,533,772 |
Da Camera Society Of Texas Houston, TX | $2,874,881 | $2,444,470 |
Warrior Notes Destrehan, LA | $6,531,153 | $6,740,480 |
New Orleans Musicians Assistancefoundation New Orleans, LA | $2,625,519 | $1,960,903 |
Kerrville Folk Festival Foundation Inc Kerrville, TX | $1,558,540 | $1,646,197 |
Santa Fe Concert Association Santa Fe, NM | $379,174 | $1,132,324 |
Midland Odessa Symphony And Chorale Inc Midland, TX | $4,668,029 | $1,189,263 |
Roots Of Music Inc New Orleans, LA | $598,901 | $932,201 |
Youth Choirs Inc San Antonio, TX | $451,626 | $533,478 |
Choristers Guild Dallas, TX | $699,058 | $929,253 |
American Festival For The Arts Houston, TX | $549,941 | $638,713 |