Missoula Civic Symphony Association
- Assets
- $866.1k
- Revenue
- $720.3k
- Investments
- $805.8k
- Employees
- 13
- Location
- Missoula, MT
- Founding
- 11/1976
- Data as of
- 06/2021
- EIN
- 81-0290730
Organization Overview
Missoula Civic Symphony Association, operating under the name Missoula Symphony Association, is located in Missoula, MT. The organization was established in 1976. 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 06/2021, Missoula Symphony Association employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Missoula 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 06/2021, Missoula Symphony Association generated $720.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $532.0k during the year ending 06/2021. While expenses have increased by 0.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MUSICAL EVENTS AND PROMOTE MUSICAL EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISSOULA CIVIC SYMPHONY PROVIDES CONCERTS FOR THE GENERAL PUBLIC INCLUDING SYMPHONY AND CHORALE CONCERTS, CONCERTS FOR YOUTH FROM THE REGION, AND BENEFIT CONCERTS. MISSOULA CIVIC SYMPHONY ALSO PROVIDES CLASSES FOR MASTERS AND PRESENTS THE MONTANA SUZUKI INSTITUTE, A ONE-WEEK SUMMER MUSIC INSTITUTE FOR CHILDREN AND PARENTS.THE SUZUKI INSTITUTE AND ONE SYMPHONIC CONCERT WERE CANCELLED DUE TO COVID-19.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jo May Salonen Executive Director | Officer | 45 | $58,500 |
Julia Tai Music Director | Officer | 40 | $10,000 |
Dean Peterson Chorale Director | Officer | 10 | $9,000 |
Jim Valeo President | OfficerTrustee | 5 | $0 |
Ed Wetherbee Past President | OfficerTrustee | 5 | $0 |
William Johnston Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $156,408 |
| All other contributions, gifts, grants, and similar amounts not included above | $207,702 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $364,110 |
| Total Program Service Revenue | $204,850 |
| Investment income | $709 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $146,580 |
| Net Income from Fundraising Events | $4,060 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $720,309 |
| 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. | $116,063 |
| Compensation of current officers, directors, key employees. | $18,415 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,584 |
| Pension plan accruals and contributions | $1,373 |
| Other employee benefits | $4,139 |
| Payroll taxes | $16,305 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $42,278 |
| Office expenses | $16,914 |
| Information technology | $9,035 |
| Royalties | $0 |
| Occupancy | $28,457 |
| Travel | $1,212 |
| 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 | $6,275 |
| Insurance | $4,181 |
| All other expenses | $10,491 |
| Total functional expenses | $532,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,999 |
| Savings and temporary cash investments | $10,840 |
| 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 | $100 |
| Net Land, buildings, and equipment | $15,380 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $805,802 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $866,121 |
| Accounts payable and accrued expenses | $73 |
| Grants payable | $0 |
| Deferred revenue | $48,036 |
| 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 | $0 |
| Total liabilities | $48,109 |
| Net assets without donor restrictions | $637,842 |
| Net assets with donor restrictions | $180,170 |
| 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 | $866,121 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Missoula Civic Symphony Association has recieved totaling $125.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $125 |
Endowment Analysis
| Beg. Balance | $245,393 |
| Earnings | $58,205 |
| Ending Balance | $303,598 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boise Philharmonic Association Inc Boise, ID | $1,686,396 | $2,920,206 |
South Dakota Symphony Orchestra Sioux Falls, SD | $2,471,738 | $2,231,218 |
Billings Symphony Society Billings, MT | $4,831,498 | $2,161,521 |
Cheyenne Symphony Orchestra Cheyenne, WY | $1,141,366 | $679,698 |
Helena Symphony Society Helena, MT | $351,537 | $815,895 |
Fargo-Moorhead Orchestral Fargo, ND | $390,819 | $828,935 |
Great Falls Symphony Asso Inc Great Falls, MT | $1,881,219 | $729,276 |
Bozeman Symphony Society Bozeman, MT | $828,625 | $908,996 |
Glacier Symphony And Chorale Inc Kalispell, MT | $525,029 | $674,842 |
Missoula Civic Symphony Association Missoula, MT | $866,121 | $720,309 |
Idaho Falls Symphony Society Inc Idaho Falls, ID | $458,367 | $588,403 |
Wyoming Symphony Orchestra Casper, WY | $456,448 | $471,001 |