New West Symphony Association
- Assets
- $774.2k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 193
- Location
- Thousand Oaks, CA
- Founding
- 01/1996
- Data as of
- 08/2021
- EIN
- 77-0406042
Organization Overview
New West Symphony Association is located in Thousand Oaks, CA. The organization was established in 1996. 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 08/2021, New West Symphony Association employed 193 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New West Symphony 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 08/2021, New West Symphony Association generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $1.4m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (9.5%) 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
THE NEW WEST SYMPHONY INSPIRES PASSION FOR SYMPHONIC MUSIC THROUGH LIVE PERFORMANCES AND EDUCATION INITIATIVES THAT ENGAGE AND ENRICH OUR DIVERSE AUDIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC FESTIVALS - PRESENTED ONLINE WITH THEMES FROM AROUND THE WORLD
LABY HARMONY PROJECT - INSTRUMENTAL EDUCATION PROGRAM FOR UNDERSERVED YOUTH
COMMUNITY EVENTS - PROGRAMS FOR STUDENTS & COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry Croner Treasurer | OfficerTrustee | 5 | $0 |
Samuel Bruttomesso MD Secretary | OfficerTrustee | 5 | $0 |
Kim Woods Director | OfficerTrustee | 1 | $0 |
Dwight Brown Chairman | OfficerTrustee | 5 | $0 |
Bob Lugari Vice President | OfficerTrustee | 2 | $0 |
Nancy Israel Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,610 |
| Related organizations | $0 |
| Government grants | $76,850 |
| All other contributions, gifts, grants, and similar amounts not included above | $916,291 |
| Noncash contributions included in lines 1a–1f | $38,818 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,001,751 |
| Total Program Service Revenue | $246,348 |
| Investment income | $35,628 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,464 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,642,962 |
| 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 | $736,557 |
| Pension plan accruals and contributions | $10,774 |
| Other employee benefits | $108,368 |
| Payroll taxes | $51,485 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,740 |
| Fees for services: Accounting | $10,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,673 |
| Fees for services: Other | $34,702 |
| Advertising and promotion | $0 |
| Office expenses | $29,468 |
| Information technology | $24,175 |
| Royalties | $365 |
| Occupancy | $52,813 |
| Travel | $1,362 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $447 |
| Interest | $8,706 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,665 |
| Insurance | $22,026 |
| All other expenses | $3,964 |
| Total functional expenses | $1,361,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,177 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $88,988 |
| Accounts receivable, net | $55 |
| 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 | $11,597 |
| Net Land, buildings, and equipment | $25,588 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $506,811 |
| Total assets | $774,216 |
| Accounts payable and accrued expenses | $129,219 |
| Grants payable | $0 |
| Deferred revenue | $8,076 |
| 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 | $689,923 |
| Unsecured mortgages and notes payable | $20,000 |
| Other liabilities | $0 |
| Total liabilities | $847,218 |
| Net assets without donor restrictions | -$703,302 |
| Net assets with donor restrictions | $630,300 |
| 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 | $774,216 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that New West Symphony Association has recieved totaling $42,084.
| Awarding Organization | Amount |
|---|---|
| $15,000 | |
Colburn Foundation Beverly Hills, CA PURPOSE: SUPPORT OF THE CLASSICAL ARTS | $13,750 |
Huemme Family Foundation Inc Westlake Village, CA PURPOSE: GENERAL | $6,236 |
Rosalinde And Arthur Gilbert Foundation Los Angeles, CA PURPOSE: UNIVERSITIES & SPECIAL PROJECTS | $5,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $98 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Jazz Organization San Francisco, CA | $64,965,614 | $11,913,007 |
Music Concourse Community Partnership San Francisco, CA | $31,271,076 | $4,428,131 |
Berkeley Music Group Berkeley, CA | $6,181,022 | $4,579,247 |
Kronos Performing Arts Assn San Francisco, CA | $1,591,460 | $2,774,082 |
Monterey Jazz Festival Monterey, CA | $3,593,346 | $4,129,138 |
Mosier Community School Foundation Inc Mosier, OR | $3,936,713 | $2,235,279 |
Carmel Bach Festival Inc Carmel, CA | $1,675,160 | $2,099,477 |
Camerata Pacifica Santa Barbara, CA | $1,526,106 | $1,221,933 |
American Bach Soloists San Francisco, CA | $908,845 | $1,282,181 |
Music For Minors Inc San Carlos, CA | $710,130 | $1,519,051 |
New West Symphony Association Thousand Oaks, CA | $774,216 | $1,642,962 |
Hiphopforchange Inc Oakland, CA | $676,196 | $1,628,580 |