Anchorage Symphony Orchestra
- Assets
- $855.5k
- Revenue
- $911.7k
- Investments
- $0.0
- Employees
- 31
- Location
- Anchorage, AK
- Founding
- 01/1953
- Data as of
- 06/2021
- EIN
- 92-6002867
Organization Overview
Anchorage Symphony Orchestra is located in Anchorage, AK. The organization was established in 1953. 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, Anchorage Symphony Orchestra employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anchorage 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, Anchorage Symphony Orchestra generated $911.7k 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 (6.1%) each year. All expenses for the organization totaled $630.0k 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT, PRODUCE AND PROMOTE SYMPHONIC MUSIC IN THE ANCHORAGE AREA.
Describe the Organization's Program Activity:
PRODUCTION OF CONCERTS AND PROMOTION OF SYMPHONIC MUSIC IN THE ANCHORAGE AREA. DUE TO COVID-19 RESTRICTIONS IN FY21, ASO STREAMED ALL OF ITS CONCERTS ON-LINE, SELLING NO TICKETS FOR LIVE PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall Maes President-El | OfficerTrustee | $0 | |
Fred Miller Treasurer | OfficerTrustee | $0 | |
Collin Middleton Legal Counse | OfficerTrustee | $0 | |
Doug Shaffer Secretary | OfficerTrustee | $0 | |
Robert Misulich President | OfficerTrustee | $0 | |
Bill Bernier Past Preside | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $93,330 |
| Related organizations | $0 |
| Government grants | $324,059 |
| All other contributions, gifts, grants, and similar amounts not included above | $411,574 |
| Noncash contributions included in lines 1a–1f | $32,358 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $828,963 |
| Total Program Service Revenue | $982 |
| Investment income | $14,977 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$19,644 |
| Net Income from Gaming Activities | $86,386 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $911,664 |
| 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 | $252,318 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,857 |
| Payroll taxes | $21,684 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,294 |
| Office expenses | $3,293 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,455 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,135 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $448 |
| Insurance | $7,355 |
| All other expenses | $20,031 |
| Total functional expenses | $629,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $223,020 |
| Savings and temporary cash investments | $368,303 |
| Pledges and grants receivable | $16,608 |
| Accounts receivable, net | $70,352 |
| 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 | $11,899 |
| Net Land, buildings, and equipment | $12,975 |
| Investments—publicly traded securities | $151,091 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,227 |
| Total assets | $855,475 |
| Accounts payable and accrued expenses | $4,285 |
| Grants payable | $0 |
| Deferred revenue | $21,586 |
| 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 | $149,900 |
| Other liabilities | $51,666 |
| Total liabilities | $227,437 |
| Net assets without donor restrictions | $517,023 |
| Net assets with donor restrictions | $111,015 |
| 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 | $855,475 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Anchorage Symphony Orchestra has recieved totaling $204,476.
| Awarding Organization | Amount |
|---|---|
Atwood Foundation Incorporated Anchorage, AK PURPOSE: GENERAL SUPPORT | $100,000 |
Atwood Foundation Incorporated Anchorage, AK PURPOSE: PERCUSSION INSTRUMENTS | $35,770 |
Richard L & Diane M Block Foundation Tr Wilmington, DE PURPOSE: ANCHORAGE SYMPHONY ORCHESTRA ENDOWMENT FUND | $25,000 |
Alaska Community Foundation Anchorage, AK | | $16,100 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: ARTS AND CULTURE | $10,000 |
Atwood Foundation Incorporated Anchorage, AK PURPOSE: BACKSTAGE COVID RAPID TESTS | $9,774 |
Endowment Analysis
| Beg. Balance | $1,797,841 |
| Earnings | $454,201 |
| Admin Expense | $23,261 |
| Net Contributions | $1,370 |
| Grants | $76,356 |
| Ending Balance | $2,153,795 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seattle Symphony Orchestra Inc Seattle, WA | $18,857,224 | $30,239,580 |
Spokane Symphony Society Spokane, WA | $21,554,106 | $5,421,713 |
Seattle Symphony Foundation Seattle, WA | $45,740,973 | $2,180,352 |
Symphony Tacoma Tacoma, WA | $1,937,065 | $1,665,927 |
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 |
Yakima Symphony Orchestra Inc Yakima, WA | $2,636,991 | $786,388 |
Tacoma Youth Symphony Association Inc Tacoma, WA | $153,224 | $676,463 |
Anchorage Symphony Orchestra Anchorage, AK | $855,475 | $911,664 |
Snohomish County Music Project Everett, WA | $228,065 | $526,932 |
Spokane Symphony Orchestraendowment Fund Spokane, WA | $13,855,347 | $894,717 |