Fresno Philharmonic Association
- Assets
- $2.4m
- Revenue
- $1.0m
- Investments
- $1.8m
- Employees
- 200
- Location
- Fresno, CA
- Founding
- 12/1955
- Data as of
- 06/2021
- EIN
- 94-1309738
Organization Overview
Fresno Philharmonic Association is located in Fresno, CA. The organization was established in 1955. 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, Fresno Philharmonic Association employed 200 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fresno Philharmonic Association 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, Fresno Philharmonic Association generated $1.0m 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 (3.4%) each year. All expenses for the organization totaled $822.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.1%) 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
THE MISSION OF THE FRESNO PHILHARMONIC IS TO ENRICH THE LIVES OF CENTRAL SAN JOAQUIN VALLEY RESIDENTS THROUGH INSPIRING PERFORMANCES OF ORCHESTRAL MUSIC. WE ARE AN ESSENTIAL AND COLLABORATIVE MEMBER OF A VIBRANT ARTS SCENE WHICH UNITES, DELIGHTS AND ENGAGES A DIVERSE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRESNO PHILHARMONIC PRESENTS CONCERTS OF SYMPHONIC CLASSICAL AND POPS MUSIC AND EDUCATIONAL CONCERTS FOR SCHOOLS. DUE TO THE COVID-19 PANDEMIC, IN THE 2020-2021 SEASON COVERED BY THIS RETURN, THE FRESNO PHILHARMONIC WAS NOT ABLE TO PERFORM CONCERTS FOR A LIVE AUDIENCE. THE ORGANIZATION DID PRODUCE 4 MASTERWORKS CONCERTS FOR DIGITAL DISTRIBUTION VIA YOUTUBE A DIGITAL EDUCATIONAL CONCERT DISTRIBUTED DIRECTLY TO SCHOOLS AND SEVERAL OTHER DIGITAL EDUCATION PROGRAMS DISTRIBUTED VIA YOUTUBE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Wilson President & CEO | OfficerTrustee | 40 | $78,991 |
Ben Krikorian Chairperson | OfficerTrustee | 1 | $0 |
Michael Chappell Secretary | OfficerTrustee | 1 | $0 |
Caren Myers Vice Chair | OfficerTrustee | 1 | $0 |
Curtis Wong Treasurer | OfficerTrustee | 1 | $0 |
W F Docker Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $190,382 |
| All other contributions, gifts, grants, and similar amounts not included above | $711,075 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $901,457 |
| Total Program Service Revenue | $0 |
| Investment income | $77,684 |
| 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 | $1,031,160 |
| 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. | $78,990 |
| Compensation of current officers, directors, key employees. | $31,596 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $324,924 |
| Pension plan accruals and contributions | $10,151 |
| Other employee benefits | $39,147 |
| Payroll taxes | $26,267 |
| 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 | $63,929 |
| Advertising and promotion | $22,087 |
| Office expenses | $94,167 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $400 |
| Interest | $13,627 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,400 |
| Insurance | $0 |
| All other expenses | $14,934 |
| Total functional expenses | $822,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,639 |
| Savings and temporary cash investments | $259,987 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,326 |
| 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 | $26,797 |
| Net Land, buildings, and equipment | $117,665 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,789,088 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,364,502 |
| Accounts payable and accrued expenses | $200,109 |
| Grants payable | $0 |
| Deferred revenue | $104,533 |
| 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 | $481,841 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $141,583 |
| Total liabilities | $928,066 |
| Net assets without donor restrictions | -$935,747 |
| Net assets with donor restrictions | $2,372,183 |
| 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 | $2,364,502 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Fresno Philharmonic Association has recieved totaling $23,377.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $22,850 |
Bertha And John Garabedian Charit Foundation 022-2531560 Dallas, TX PURPOSE: SUPPORT FOR OUTREACH MUSIC | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Endowment Analysis
| Beg. Balance | $2,286,133 |
| Ending Balance | $2,286,133 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Symphony San Francisco, CA | $429,119,299 | $66,425,902 |
San Diego Symphony Orchestra Association San Diego, CA | $168,111,113 | $56,683,795 |
Oregon Symphony Association Portland, OR | $27,740,551 | $13,773,397 |
Pacific Symphony Irvine, CA | $52,133,763 | $17,603,170 |
San Diego Symphony Foundation San Diego, CA | $121,018,561 | $925,945 |
Philharmonia Baroque Orchestra & Chorale San Francisco, CA | $8,005,058 | $4,824,687 |
Santa Rosa Symphony Association Santa Rosa, CA | $23,001,628 | $6,302,463 |
Tucson Symphony Society Tucson, AZ | $15,428,177 | $6,501,284 |
Phoenix Symphony Association Phoenix, AZ | $1,368,252 | $4,890,998 |
Pasadena Symphony Association Pasadena, CA | $11,596,205 | $5,563,647 |
Santa Barbara Symphony Orchestra Association Santa Barbara, CA | $1,028,763 | $2,763,199 |
The Los Angeles Chamber Orchestra Society Inc Los Angeles, CA | $5,194,806 | $3,490,076 |