Lubbock Symphony Orchestra
- Assets
- $7.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 19
- Location
- Lubbock, TX
- Founding
- 12/1948
- Data as of
- 06/2021
- EIN
- 75-6001993
Organization Overview
Lubbock Symphony Orchestra is located in Lubbock, TX. The organization was established in 1948. 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 06/2022, Lubbock Symphony Orchestra employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lubbock 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 06/2021, Lubbock Symphony Orchestra generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 6 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
TO ENRICH THE GREATER COMMUNITY THROUGH QUALITY SYMPHONIC PERFORMANCES AND EDUCATIONAL EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONCERT SEASON INCLUDED BOTH A CLASSICAL AND CHAMBER SERIES WITH A HOLIDAY POPS AND SPECIAL CONCERTS FROM TIME TO TIME. THESE CONCERTS PROVIDE CULTURAL ACTIVITIES FOR THE ENTIRE SOUTH PLAINS REGION WITH OVER 14,000 IN ATTENDANCE EACH YEAR.
EDUCATIONAL PROGRAMS INCLUDED A FREE FAMILY CONCERT, SIX ANNUAL EDUCATION CONCERTS WITH STUDENTS BUSSED INTO THE LUBBOCK MEMORIAL CIVIC CENTER, SMALL ENSEMBLES THAT PERFORM IN THE SCHOOLS, AND A TEACHING ARTIST PROGRAM THAT USES MUSIC TO TEACH CORE CURRICULA. THESE PROGRAMS REACH OVER 12,000 STUDENTS EACH YEAR IN THE SOUTH PLAINS REGION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Cho Board Member | Trustee | 1 | $129,024 |
Galen Wixson President & CEO | Officer | 48 | $113,025 |
Brian Willcutt Chair | OfficerTrustee | 1 | $0 |
Heather Hocker Immediate Past Chair | OfficerTrustee | 6 | $0 |
Katie Salter Treasurer | OfficerTrustee | 1 | $0 |
Jill Stangl Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $89,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $611,146 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $700,146 |
| Total Program Service Revenue | $345,898 |
| Investment income | $148,764 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,149 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,219,957 |
| 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. | $126,803 |
| Compensation of current officers, directors, key employees. | $67,206 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $372,754 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,567 |
| Payroll taxes | $28,063 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $135,395 |
| Advertising and promotion | $73,150 |
| Office expenses | $51,803 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,590 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,515 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,461 |
| Insurance | $16,135 |
| All other expenses | $0 |
| Total functional expenses | $1,195,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,106,795 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $146,317 |
| 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 | $9,025 |
| Net Land, buildings, and equipment | $771,424 |
| Investments—publicly traded securities | $5,002,217 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,035,778 |
| Accounts payable and accrued expenses | $27,831 |
| Grants payable | $0 |
| Deferred revenue | $250,852 |
| 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 | $74,610 |
| Total liabilities | $353,293 |
| Net assets without donor restrictions | $1,806,408 |
| Net assets with donor restrictions | $4,876,077 |
| 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 | $7,035,778 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lubbock Symphony Orchestra has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Bruckner Society Of America Inc Windsor, CT PURPOSE: GRANT FOR PERFORMANCE | $500 |
Endowment Analysis
| Beg. Balance | $5,002,217 |
| Earnings | -$812,339 |
| Net Contributions | $399,882 |
| Other Expense | $163,076 |
| Ending Balance | $4,426,684 |
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 |