Reno Chamber Orchestra Inc
- Assets
- $140.9k
- Revenue
- $670.9k
- Investments
- $0.0
- Employees
- 88
- Location
- Reno, NV
- Founding
- 01/1976
- Data as of
- 06/2023
- EIN
- 88-0134278
Organization Overview
Reno Chamber Orchestra Inc, operating under the name Reno Chamber Orchestra, is located in Reno, NV. 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 06/2023, Reno Chamber Orchestra employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reno Chamber Orchestra 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, Reno Chamber Orchestra generated $670.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $712.0k during the year ending 06/2023. While expenses have increased by 0.8% 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
TO PROVIDE AN ORCHESTRA EXPERIENCE TO THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENO CHAMBER ORCHESTRA (RCO): PROVIDE ORCHESTRA CONCERTS TO THE GENERAL PUBLIC AND PROMOTE AWARENESS AND APPRECIATION FOR THE MUSICAL ARTS. OUR NORMAL PROGRAMMING SCHEDULE CONSISTS OF 10 PERFORMANCES. THE 2022-2023 SEASON SAW AN INCREASE IN TICKET SALES OVER THE 21-22 SEASON HOWEVER WE HAVE STILL NOT REACHED PRE-PANDEMIC SALES.
THE NEVADA CHAMBER MUSIC FESTIVAL (NCMF): THIS ANNUAL FESTIVAL BRINGS WORLD RENOWNED CHAMBER MUSICIANS TO PERFORM ALONGSIDE LOCAL RENO MUSICIANS BETWEEN CHRISTMAS AND THE NEW YEAR. THE CALIBER OF MUSICIAN THAT PERFORMS IN THIS FESTIVAL IS NOT SEEN IN RENO DURING ANY OTHER TIME OF THE YEAR. IN THE 2022-2023 WE RETURNED TO THE ORIGINAL FORMAT OF ONE WINTER FESTIVAL, PERFORMING SIX CONCERTS OVER FIVE DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Tozzi President | OfficerTrustee | 5 | $0 |
Edie Cartwright First Vice President | OfficerTrustee | 3 | $0 |
Lloyd Rogers Second Vice President | OfficerTrustee | 3 | $0 |
Holly Walton-Buchanan Secretary | OfficerTrustee | 3 | $0 |
Patrick Ellingsworth Treasurer | OfficerTrustee | 3 | $0 |
Les Cohen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $54,783 |
| Related organizations | $0 |
| Government grants | $47,812 |
| All other contributions, gifts, grants, and similar amounts not included above | $440,927 |
| Noncash contributions included in lines 1a–1f | $13,034 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $543,522 |
| Total Program Service Revenue | $126,500 |
| Investment income | $338 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $536 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $670,896 |
| 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. | $62,615 |
| Compensation of current officers, directors, key employees. | $62,615 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $304,778 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,264 |
| Payroll taxes | $27,613 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,698 |
| Office expenses | $50,521 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,794 |
| Travel | $25,041 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $338 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,564 |
| Insurance | $5,458 |
| All other expenses | $6,791 |
| Total functional expenses | $711,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,569 |
| Savings and temporary cash investments | $95,226 |
| 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 | $750 |
| Net Land, buildings, and equipment | $3,323 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $140,868 |
| Accounts payable and accrued expenses | $2,772 |
| Grants payable | $0 |
| Deferred revenue | $135,415 |
| 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 | $138,187 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $2,681 |
| Total liabilities and net assets/fund balances | $140,868 |