Longmont Symphony Society Inc
- Assets
- $300.7k
- Revenue
- $487.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Longmont, CO
- Founding
- 01/1974
- Data as of
- 06/2022
- EIN
- 84-0611954
Organization Overview
Longmont Symphony Society Inc is located in Longmont, CO. The organization was established in 1974. 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, Longmont Symphony Society Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Longmont Symphony Society 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 06/2022, Longmont Symphony Society Inc generated $487.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $412.3k during the year ending 06/2022. While expenses have increased by 7.0% 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
PROVIDE CLASSICAL MUSIC TO THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORCHESTRA HAD A CONCERT SEASON ALONG WITH SEVERAL NUTCRACKER AND CHAMBER PROGRAMS. JULY 4TH AND COMMUNITY CONCERTS WERE PRESENTED ALONG WITH CONCERTS AT LOCAL SCHOOLS.
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 |
|---|---|---|---|
Catherine Beeson Executive Di | Trustee | 25 | $55,414 |
Stevan Kukic President | Officer | 5 | $0 |
Laurie Brook Vice Preside | Officer | 5 | $0 |
Diane Goldstein Secretary | Officer | 1 | $0 |
Pat Young Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $163,045 |
| All other contributions, gifts, grants, and similar amounts not included above | $149,164 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $312,209 |
| Total Program Service Revenue | $163,981 |
| Investment income | $638 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,083 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $487,911 |
| 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. | $55,414 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,766 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,959 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,265 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33,113 |
| Office expenses | $5,538 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,298 |
| Travel | $0 |
| 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 | $304 |
| Insurance | $5,180 |
| All other expenses | $2,114 |
| Total functional expenses | $412,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,050 |
| Savings and temporary cash investments | $220,794 |
| 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 | $5,312 |
| Prepaid expenses and deferred charges | $7,815 |
| Net Land, buildings, and equipment | $1,498 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,237 |
| Total assets | $300,706 |
| Accounts payable and accrued expenses | $4,508 |
| Grants payable | $0 |
| Deferred revenue | $16,169 |
| 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 | $45,237 |
| Total liabilities | $65,914 |
| Net assets without donor restrictions | $197,292 |
| Net assets with donor restrictions | $37,500 |
| 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 | $300,706 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Longmont Symphony Society Inc has recieved totaling $29,541.
| Awarding Organization | Amount |
|---|---|
Longmont Community Foundation Longmont, CO PURPOSE: PROGRAM SUPPORT | $19,305 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $10,236 |
Endowment Analysis
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 |