Seattle Youth Symphony Orchestra
- Assets
- $2.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 13
- Location
- Seattle, WA
- Founding
- 11/1965
- Data as of
- 06/2021
- EIN
- 91-0493840
Organization Overview
Seattle Youth Symphony Orchestra is located in Seattle, WA. The organization was established in 1965. 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, Seattle Youth Symphony Orchestra employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seattle Youth Symphony 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 06/2021, Seattle Youth Symphony Orchestra generated $1.3m 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 (6.4%) each year. All expenses for the organization totaled $821.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (13.0%) 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021 SYSO ADJUSTED ITS NORMAL PROGRAMMING BECAUSE OF THE IMPACTS OF THE COVID-19 PANDEMIC. SYSO OPERATES VIRTUAL ORCHESTRAS DURING THE ACADEMIC YEAR, VIRTUAL SYSO SUMMER MUSIC AND OPERATES THE PROGRAMS OF THE SEATTLE CONSERVATORY OF MUSIC ONLINE VIA ZOOM. SYSO ALSO RUNS IN-SCHOOL PROGRAMS AS PART OF THE SYSO IN THE SCHOOLS INITIATIVE THROUGH REMOTE LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juan Felipe Molano Munoz Music Director | 40 | $120,000 | |
Kathleen Allen Excutive Director | Officer | 40 | $103,318 |
Erika Dowd Vice President | OfficerTrustee | 5 | $0 |
Katharyn Shaw Secretary | OfficerTrustee | 5 | $0 |
Hana Park Board Member | Trustee | 1 | $0 |
Thomas Jefferson Eby III President | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $33,985 |
| Related organizations | $0 |
| Government grants | $236,636 |
| All other contributions, gifts, grants, and similar amounts not included above | $535,979 |
| Noncash contributions included in lines 1a–1f | $48,202 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $806,600 |
| Total Program Service Revenue | $468,797 |
| Investment income | $22,903 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,918 |
| Net Income from Fundraising Events | -$13,740 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,310,501 |
| 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. | $105,414 |
| Compensation of current officers, directors, key employees. | $27,123 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $296,783 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,640 |
| Payroll taxes | $41,146 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $48,281 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,785 |
| Fees for services: Other | $144,221 |
| Advertising and promotion | $1,854 |
| Office expenses | $28,563 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,236 |
| Travel | $8 |
| 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 | $2,036 |
| Insurance | $15,400 |
| All other expenses | $0 |
| Total functional expenses | $821,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $627,334 |
| Savings and temporary cash investments | $73,352 |
| Pledges and grants receivable | $161,053 |
| Accounts receivable, net | $17,900 |
| 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 | $38,801 |
| Net Land, buildings, and equipment | $2,073 |
| Investments—publicly traded securities | $940,850 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $355,156 |
| Total assets | $2,216,519 |
| Accounts payable and accrued expenses | $36,228 |
| Grants payable | $0 |
| Deferred revenue | $60,585 |
| 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 | $119,839 |
| Other liabilities | $0 |
| Total liabilities | $216,652 |
| Net assets without donor restrictions | $856,833 |
| Net assets with donor restrictions | $1,143,034 |
| 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 | $2,216,519 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Seattle Youth Symphony Orchestra has recieved totaling $134,394.
| Awarding Organization | Amount |
|---|---|
Islands Foundation Richland, WA PURPOSE: SEATTLE IN-SCHOOL PROGRAMS | $50,000 |
Peach Foundation Conway, WA PURPOSE: ARTS & COMMUNITY | $30,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $29,847 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $10,600 |
D V & Ida Mceachern Charitable Fdn Phoenix, AZ PURPOSE: CHARITABLE | $7,500 |
D Addario Foundation Inc Farmingdale, NY PURPOSE: TO SUPPORT GROWTH AND APPRECIATION OF MUSIC | $3,697 |
Endowment Analysis
| Beg. Balance | $805,380 |
| Earnings | $208,822 |
| Ending Balance | $1,014,202 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seattle Symphony Orchestra Inc Seattle, WA | $18,857,224 | $30,239,580 |
Oregon Symphony Association Portland, OR | $27,740,551 | $13,773,397 |
Spokane Symphony Society Spokane, WA | $21,554,106 | $5,421,713 |
Eugene Symphony Association Inc Eugene, OR | $630,258 | $3,023,786 |
Boise Philharmonic Association Inc Boise, ID | $1,686,396 | $2,920,206 |
Seattle Symphony Foundation Seattle, WA | $45,740,973 | $2,180,352 |
Portland Youth Philharmonic Association Portland, OR | $5,269,398 | $1,550,813 |
Symphony Tacoma Tacoma, WA | $1,937,065 | $1,665,927 |
Portland Baroque Orchestra Portland, OR | $709,672 | $1,187,093 |
Metropolitan Youth Symphony Portland, OR | $1,134,069 | $1,228,572 |
Seattle Youth Symphony Orchestra Seattle, WA | $2,216,519 | $1,310,501 |
Bellevue Youth Symphony Orchestra Bellevue, WA | $708,416 | $694,146 |