Spokane Symphony Society
- Assets
- $22.9m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 277
- Location
- Spokane, WA
- Founding
- 05/1963
- Data as of
- 06/2021
- 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 06/2022, Spokane Symphony Society employed 277 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 06/2021, Spokane Symphony Society generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (11.3%) per year over the past 7 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
TO ENRICH AND TRANSFORM LIVES THROUGH MUSIC.
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.
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 |
|---|---|---|---|
Dr Francisco Velzquez President | OfficerTrustee | 1 | $0 |
Michael Ebinger Vice President | OfficerTrustee | 1 | $0 |
Arsen Kitch Vice President | OfficerTrustee | 1 | $0 |
Sara Maleki Vice President | OfficerTrustee | 1 | $0 |
Jacob Reidt Vice President | OfficerTrustee | 1 | $0 |
Dr Vange Hochheimer Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,879,145 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,995,638 |
| 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. | $331,746 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $749,029 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $287,925 |
| Payroll taxes | $0 |
| 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 | $27,233 |
| Advertising and promotion | $59,890 |
| Office expenses | $36,989 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,020 |
| Travel | $7,499 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,875 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,018 |
| Insurance | $71,905 |
| All other expenses | $0 |
| Total functional expenses | $2,023,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,857,270 |
| Savings and temporary cash investments | $2,457 |
| Pledges and grants receivable | $57,512 |
| 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 | $50,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,355,768 |
| Total assets | $22,884,267 |
| Accounts payable and accrued expenses | $291,802 |
| Grants payable | $0 |
| Deferred revenue | $657,326 |
| 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 | $1,445,897 |
| Other liabilities | $279,360 |
| Total liabilities | $2,674,385 |
| 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 | $20,209,882 |