Abilene Philharmonic Association
- Assets
- $4.3m
- Revenue
- $810.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Abilene, TX
- Founding
- 05/1959
- Data as of
- 05/2023
- EIN
- 75-6004978
Organization Overview
Abilene Philharmonic Association is located in Abilene, TX. The organization was established in 1959. 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 05/2023, Abilene Philharmonic Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abilene Philharmonic Association 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 05/2023, Abilene Philharmonic Association generated $810.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $922.3k during the year ending 05/2023. While expenses have increased by 5.7% 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
OPERATING ORCHESTRA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION OPERATES THE ORCHESTRA, PROVIDING CLASSICAL MUSIC TO ABILENE AND SURROUNDING COMMUNITIES, INCLUDING CONCERTS FOR SCHOOL CHILDREN
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 Bailey Director | Trustee | 1 | $0 |
Evan Simmons President Elect | OfficerTrustee | 1 | $0 |
Samuel Cook Director | Trustee | 1 | $0 |
Jill Estes Bailey Secretary | OfficerTrustee | 1 | $0 |
Jim Pizzorno Director | OfficerTrustee | 1 | $0 |
Bethany Ibach Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $162,034 |
| All other contributions, gifts, grants, and similar amounts not included above | $351,363 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $513,397 |
| Total Program Service Revenue | $183,426 |
| Investment income | $6,295 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,014 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $810,465 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $262,877 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,628 |
| Payroll taxes | $20,449 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $41,503 |
| Office expenses | $7,486 |
| Information technology | $2,235 |
| Royalties | $0 |
| Occupancy | $19,977 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,157 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,073 |
| Insurance | $14,813 |
| All other expenses | $12,635 |
| Total functional expenses | $922,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,089 |
| Savings and temporary cash investments | $116,105 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $165,848 |
| 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 | $4,958 |
| Net Land, buildings, and equipment | $23,491 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,010,615 |
| Total assets | $4,330,106 |
| Accounts payable and accrued expenses | $4,877 |
| Grants payable | $0 |
| Deferred revenue | $72,913 |
| 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 | $84,741 |
| Total liabilities | $162,531 |
| Net assets without donor restrictions | $222,539 |
| Net assets with donor restrictions | $3,945,036 |
| 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 | $4,330,106 |