Colorado Symphony Association
- Assets
- $14.6m
- Revenue
- $19.4m
- Investments
- $0.0
- Employees
- 501
- Location
- Denver, CO
- Founding
- 07/1922
- Data as of
- 06/2023
- EIN
- 84-0511458
Organization Overview
Colorado Symphony Association is located in Denver, CO. The organization was established in 1922. 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 06/2023, Colorado Symphony Association employed 501 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado 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 06/2023, Colorado Symphony Association generated $19.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $17.9m during the year ending 06/2023. While expenses have increased by 4.3% per year over the past 8 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
PERFORMANCE OF SYMPHONIC CONCERTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLORADO SYMPHONY ASSOCIATION PERFORMS CONCERTS NORMALLY BENEFITING OVER 250,000 PATRONS FROM THE DENVER AND TRI-STATE AREAS AND PROVIDES A PERFORMANCE PLATFORM TO WORLD-CLASS MUSICIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerome H Kern - Emeritus Trustee/ Former CEO (thru Sep. '21) | Trustee | 1 | $375,000 |
Peter Oundjian- Prin Conductor Ex-Officio Trustee | Trustee | 40 | $296,800 |
Anthony Pierce Chief Artistic Officer | Officer | 50 | $200,515 |
Coreen Miller- Interim Ceo (thru May '23)/ Cfo/ COO | Officer | 50 | $202,990 |
Yumi Hwang-Williams Concert Master | 40 | $141,717 | |
Justin Bartels Musician | 40 | $105,864 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
William Morris Endeavor Entertainment Guest Artist Fees | 6/29/20 | $150,000 |
Disney Concerts Guest Artist Fees | 6/29/20 | $106,742 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $494,914 |
| Related organizations | $3,722,305 |
| Government grants | $1,875,094 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,942,717 |
| Noncash contributions included in lines 1a–1f | $101,768 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,035,030 |
| Total Program Service Revenue | $10,233,144 |
| Investment income | $244,404 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$86,781 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,425,797 |
| 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. | $1,502,796 |
| Compensation of current officers, directors, key employees. | $307,626 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,764,296 |
| Pension plan accruals and contributions | $305,664 |
| Other employee benefits | $1,203,259 |
| Payroll taxes | $901,823 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $77,377 |
| Fees for services: Accounting | $71,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $868 |
| Fees for services: Other | $1,104,867 |
| Advertising and promotion | $610,967 |
| Office expenses | $49,702 |
| Information technology | $221,846 |
| Royalties | $0 |
| Occupancy | $304,488 |
| Travel | $382,054 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,987 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,639 |
| Insurance | $72,287 |
| All other expenses | $309,889 |
| Total functional expenses | $17,904,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,779,392 |
| Pledges and grants receivable | $171,154 |
| Accounts receivable, net | $167,013 |
| 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 | $164,089 |
| Net Land, buildings, and equipment | $644,375 |
| Investments—publicly traded securities | $7,017,322 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,614,537 |
| Total assets | $14,557,882 |
| Accounts payable and accrued expenses | $892,831 |
| Grants payable | $0 |
| Deferred revenue | $2,278,033 |
| 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 | $78,685 |
| Total liabilities | $3,249,549 |
| Net assets without donor restrictions | $6,514,454 |
| Net assets with donor restrictions | $4,793,879 |
| 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 | $14,557,882 |