Las Vegas Philharmonic
- Assets
- $664.3k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 171
- Location
- Las Vegas, NV
- Founding
- 11/1998
- Data as of
- 06/2021
- EIN
- 88-0398092
Organization Overview
Las Vegas Philharmonic is located in Las Vegas, NV. The organization was established in 1998. 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 06/2021, Las Vegas Philharmonic employed 171 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Las Vegas Philharmonic 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 06/2021, Las Vegas Philharmonic generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (11.4%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE LAS VEGAS PHILHARMONIC IS TO PERFORM MUSIC THAT ENRICHES AND EDUCATES, HELPING TO BUILD A VIBRANT, CULTURALLY RICH COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALTERNATE DIGITAL PROGRAMMING DURING COVID PANDEMIC. NO LIVE PUBLIC CONCERTS WERE PERFORMED DURING THIS FISCAL YEAR.
COMPLETE CONCERT SEASON WITH ONLINE ORCHESTRA SHOWS
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 |
|---|---|---|---|
Ellis Landau Treasurer | OfficerTrustee | 2 | $0 |
Jeri Crawford Chairman | OfficerTrustee | 5 | $0 |
Patricia Pieper Fink Secretary | OfficerTrustee | 2 | $0 |
Rachelle Crupi Vice Chairman | OfficerTrustee | 2 | $0 |
Dorothy Flagler Trustee | Trustee | 2 | $0 |
Dorthy Blake Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $67,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,226,483 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,293,983 |
| Total Program Service Revenue | $6,852 |
| Investment income | $308 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,151 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,580,786 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $463,143 |
| Pension plan accruals and contributions | $6,140 |
| Other employee benefits | $50,555 |
| Payroll taxes | $45,791 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,137 |
| Fees for services: Accounting | $43,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,629 |
| Advertising and promotion | $55,603 |
| Office expenses | $32,108 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,576 |
| Travel | $22,285 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,284 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,485 |
| Insurance | $16,830 |
| All other expenses | $15,378 |
| Total functional expenses | $1,027,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450,431 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,363 |
| 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 | $10,233 |
| Net Land, buildings, and equipment | $54,929 |
| Investments—publicly traded securities | $45,575 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,817 |
| Total assets | $664,348 |
| Accounts payable and accrued expenses | $76,715 |
| Grants payable | $0 |
| Deferred revenue | $118,114 |
| 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 | $384,608 |
| Other liabilities | $90,594 |
| Total liabilities | $670,031 |
| Net assets without donor restrictions | -$86,736 |
| Net assets with donor restrictions | $81,053 |
| 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 | $664,348 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Las Vegas Philharmonic has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Tito And Sandra Tiberti Foundation Las Vegas, NV PURPOSE: CHARITABLE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Diego Symphony Orchestra Association San Diego, CA | $168,111,113 | $56,683,795 |
Oregon Symphony Association Portland, OR | $27,740,551 | $13,773,397 |
Pacific Symphony Irvine, CA | $52,133,763 | $17,603,170 |
San Diego Symphony Foundation San Diego, CA | $121,018,561 | $925,945 |
Philharmonia Baroque Orchestra & Chorale San Francisco, CA | $8,005,058 | $4,824,687 |
Santa Rosa Symphony Association Santa Rosa, CA | $23,001,628 | $6,302,463 |
Tucson Symphony Society Tucson, AZ | $15,428,177 | $6,501,284 |
Phoenix Symphony Association Phoenix, AZ | $1,368,252 | $4,890,998 |
Pasadena Symphony Association Pasadena, CA | $11,596,205 | $5,563,647 |
Santa Barbara Symphony Orchestra Association Santa Barbara, CA | $1,028,763 | $2,763,199 |
The Los Angeles Chamber Orchestra Society Inc Los Angeles, CA | $5,194,806 | $3,490,076 |
Eugene Symphony Association Inc Eugene, OR | $630,258 | $3,023,786 |