Las Vegas Philharmonic
- Assets
- $965.0k
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 128
- Location
- Las Vegas, NV
- Founding
- 11/1998
- Data as of
- 06/2022
- 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 06/2022, Las Vegas Philharmonic employed 128 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 06/2022, Las Vegas Philharmonic generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 1.0% 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
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
COMPLETE CONCERT SEASON WITH FULL ORCHESTRA SHOWS AND SOME EDUCATIONAL PERFORMANCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice Sauro Executive Dir. | Trustee | 40 | $45,833 |
Ellis Landau Trustee | Trustee | 2 | $0 |
Jeri Crawford Chairman | OfficerTrustee | 5 | $0 |
Dorothy Flagler Trustee | Trustee | 2 | $0 |
David Crawford Trustee | Trustee | 0 | $0 |
Patricia Pieper Fink Develop Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $544,970 |
| All other contributions, gifts, grants, and similar amounts not included above | $468,711 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,013,681 |
| Total Program Service Revenue | $925,871 |
| Investment income | $2,137 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $215,894 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,421,881 |
| 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. | $403,133 |
| Compensation of current officers, directors, key employees. | $109,434 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $621,159 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $230,506 |
| 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 | $245,306 |
| Advertising and promotion | $0 |
| Office expenses | $133,463 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $97,034 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,783 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,966 |
| Insurance | $0 |
| All other expenses | $18,612 |
| Total functional expenses | $2,289,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $620,147 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,963 |
| 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 | $57,154 |
| Net Land, buildings, and equipment | $145,382 |
| Investments—publicly traded securities | $66,539 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,817 |
| Total assets | $965,002 |
| Accounts payable and accrued expenses | $176,519 |
| Grants payable | $0 |
| Deferred revenue | $376,920 |
| 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 | $194,525 |
| Other liabilities | $104,120 |
| Total liabilities | $852,084 |
| Net assets without donor restrictions | $31,865 |
| 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 | $965,002 |