Colorado Symphony Association
- Assets
- $13.0m
- Revenue
- $18.7m
- Investments
- $0.0
- Employees
- 271
- Location
- Denver, CO
- Founding
- 07/1922
- Data as of
- 06/2022
- 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 06/2022, Colorado Symphony Association employed 271 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 06/2022, Colorado Symphony Association generated $18.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $17.4m during the year ending 06/2022. While expenses have increased by 4.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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- Ceoco-Chairman (thru Sep '21), E. Chair(as Of Oct. '21) | OfficerTrustee | 51 | $279,738 |
Coreen Miller- Cfocoo Intrim CEO (as Of Sep. '21) | OfficerTrustee | 50 | $155,897 |
Anthony Pierce Chief Artistic Officer | Officer | 50 | $155,593 |
Yumi Hwang-Williams- Musician Trustee (thru Sep. '21)/concertmaster | Trustee | 40 | $141,389 |
Claude Sim- Musician Trustee (thru Sep. '21)/ Ass't Concertmaster | Trustee | 40 | $123,499 |
Peter Cooper Musician | 40 | $116,497 |
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 | $558,439 |
| Related organizations | $1,145,842 |
| Government grants | $7,090,086 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,998,632 |
| Noncash contributions included in lines 1a–1f | $60,977 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,792,999 |
| Total Program Service Revenue | $5,795,816 |
| Investment income | $22,427 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$219,446 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,715,868 |
| 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. | $2,250,878 |
| Compensation of current officers, directors, key employees. | $671,563 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,290,311 |
| Pension plan accruals and contributions | $269,931 |
| Other employee benefits | $1,053,022 |
| Payroll taxes | $890,451 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $226,164 |
| Fees for services: Accounting | $49,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $757,897 |
| Advertising and promotion | $431,430 |
| Office expenses | $74,089 |
| Information technology | $239,037 |
| Royalties | $0 |
| Occupancy | $281,967 |
| Travel | $225,128 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,428 |
| Interest | $6,252 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,336 |
| Insurance | $65,461 |
| All other expenses | $210,098 |
| Total functional expenses | $17,360,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,223,135 |
| Pledges and grants receivable | $106,827 |
| Accounts receivable, net | $171,312 |
| 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 | $353,084 |
| Net Land, buildings, and equipment | $644,268 |
| Investments—publicly traded securities | $2,485,805 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,977,350 |
| Total assets | $12,961,781 |
| Accounts payable and accrued expenses | $1,122,717 |
| Grants payable | $0 |
| Deferred revenue | $1,980,405 |
| 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 | $3,103,122 |
| Net assets without donor restrictions | $5,105,501 |
| Net assets with donor restrictions | $4,753,158 |
| 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 | $12,961,781 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Colorado Symphony Association has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Michael P Dowling Foundation Denver, CO PURPOSE: CULTURE/EDUCATION | $1,000 |
Endowment Analysis
| Beg. Balance | $92,178,924 |
| Earnings | -$10,404,181 |
| Net Contributions | $16,154 |
| Other Expense | $1,145,842 |
| Ending Balance | $80,645,055 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Symphony Association Denver, CO | $12,961,781 | $18,715,868 |
Oklahoma Philharmonic Society Inc Oklahoma City, OK | $16,602,843 | $6,401,721 |
Omaha Symphony Association Omaha, NE | $71,026,158 | $5,852,032 |
Tucson Symphony Society Tucson, AZ | $15,428,177 | $6,501,284 |
Phoenix Symphony Association Phoenix, AZ | $1,368,252 | $4,890,998 |
Tulsa Symphony Orchestra Inc Tulsa, OK | $3,114,616 | $2,041,644 |
New Mexico Philharmonic Inc Albuquerque, NM | $458,933 | $1,791,722 |
Wichita Symphony Society Inc Wichita, KS | $8,512,602 | $2,677,998 |
Colorado Springs Philharmonic Orchestra Colorado Springs, CO | $3,792,415 | $1,751,968 |
Santa Fe Symphony Orchestra & Chorus Inc Santa Fe, NM | $1,008,927 | $1,681,988 |
The Symphony Fund Denver, CO | $76,088,728 | $4,099,144 |
Boulder Philharmonic Orchestra Boulder, CO | $1,166,319 | $1,630,291 |