Magic Valley Symphony Orchestra Inc
- Assets
- $117.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Twin Falls, ID
- Founding
- 05/1965
- Data as of
- 06/2023
- EIN
- 82-6008069
Organization Overview
Magic Valley Symphony Orchestra Inc is located in Twin Falls, ID. The organization was established in 1965. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magic Valley Symphony Orchestra 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 06/2023, Magic Valley Symphony Orchestra Inc generated $98.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $63.7k during the year ending 06/2023. While expenses have increased by 2.1% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE PURPOSE OF THE CORPORATION IS TO FOSTER THE TALENT OF LOCAL ARTISTS AND STUDENTS IN THE PERFORMANCE OF MUSIC. THE MAGIC VALLEY SYMPHONY PROVIDES TRAINING AND PERFORMANCE OPPORTUNITIES FOR MUSICIANS OF ALL AGES. THE SYMPHONY ALSO PROVIDES THE LOCAL COMMUNITY WITH PERFORMANCES THAT OTHERWISE WOULD NOT BE AVAILABLE.
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 |
|---|---|---|---|
Kevin Howard President | 5 | $0 | |
George Halsell Vice President | 2 | $0 | |
Pernecia Heinemann Secretary | 2 | $0 | |
Amy Toft Director Of Development | 2 | $0 | |
Elizabeth Barker Member At Large | 2 | $0 | |
Lorna Pringle Member At Large | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,584 |
| Total Program Service Revenue | $9,746 |
| Membership dues | $0 |
| Investment income | $20 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $98,350 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $10,260 |
| Professional fees and other payments to independent contractors | $3,273 |
| Occupancy, rent, utilities, and maintenance | $2,782 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $47,374 |
| Total expenses | $63,689 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $92,465 |
| Other assets | $0 |
| Total assets | $117,185 |
| Total liabilities | $348 |
| Net assets or fund balances | $116,837 |