Spokane Symphony Society
- Assets
- $21.6m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 189
- Location
- Spokane, WA
- Founding
- 05/1963
- Data as of
- 06/2020
- EIN
- 91-0730435
Organization Overview
Spokane Symphony Society is located in Spokane, WA. The organization was established in 1963. 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, Spokane Symphony Society employed 189 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spokane Symphony Society 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 06/2020, Spokane Symphony Society generated $5.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $5.3m during the year ending 06/2020. While expenses have increased by 2.2% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE SPOKANE SYMPHONY SOCIETY PRESENTS HIGH-QUALITY PERFORMANCES OF CLASSICAL, POPULAR AND NEW MUSIC, CREATING CULTURAL ENRICHMENT FOR AUDIENCES OF ALL AGES. IT DELIVERS EDUCATIONAL AND COMMUNITY OUTREACH PROGRAMS, WHICH TOUCH TENS OF THOUSANDS OF LIVES EACH YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SPOKANE SYMPHONY SOCIETY PRESENTS 60 CONCERTS AND OVER 500 EDUCATION EVENTS ANNUALLY PLUS OPERATES A HISTORIC THEATER WHICH, BRINGS TOURING GROUPS AND PROVIDES SPACE FOR CONCERTS, EDUCATIONAL AND COMMUNITY EVENTS BY OTHER AREA ORGANIZATIONS. TOTAL REACH OF THE SYMPHONY AND THE FOX IS APPROXIMATELY 150,000 PEOPLE ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Lowes Music Director | 40 | $110,709 | |
Jeff Vom Saal Executive Director | Officer | 40 | $86,030 |
Weiling Zhu Chief Financial Officer | Officer | 40 | $83,654 |
Francisco R Velazquez President Elect | OfficerTrustee | 0.5 | $0 |
Dawn E Dewitt Talbot Vice President | OfficerTrustee | 0.5 | $0 |
Elizabeth Kelley President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,446,681 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$521 |
| Net Income from Fundraising Events | $2,171 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,421,713 |
| Statement of Expenses | |
|---|---|
| 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. | $328,553 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,652,288 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $289,465 |
| Payroll taxes | $219,261 |
| 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 | $100,789 |
| Advertising and promotion | $419,887 |
| Office expenses | $67,334 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,797 |
| Travel | $59,930 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,973 |
| Interest | $11,002 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,433 |
| Insurance | $83,730 |
| All other expenses | $0 |
| Total functional expenses | $5,336,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,372,352 |
| Savings and temporary cash investments | $2,457 |
| Pledges and grants receivable | $128,396 |
| Accounts receivable, net | $16,388 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,410,887 |
| Total assets | $21,554,106 |
| Accounts payable and accrued expenses | $344,817 |
| Grants payable | $0 |
| Deferred revenue | $829,282 |
| 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 | $732,100 |
| Other liabilities | $152,724 |
| Total liabilities | $2,058,923 |
| 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 |
| Total liabilities and net assets/fund balances | $19,495,183 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Spokane Symphony Society has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Johnston-Fix Foundation Spokane, WA PURPOSE: CHARITABLE DISTRIBUTION. | $25,000 |
I S & Emily Fetterman Foundation Spokane, WA PURPOSE: GENERAL PURPOSES | $10,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
The Vancouver Symphony Orchestra Vancouver, WA | $456,487 | $913,941 |