Monterey County Symphony Assn
- Assets
- $18.0m
- Revenue
- $1.9m
- Investments
- $497.2k
- Employees
- 80
- Location
- Carmelbythesea, CA
- Founding
- 01/1965
- Data as of
- 06/2022
- EIN
- 94-1584123
Organization Overview
Monterey County Symphony Assn is located in Carmelbythesea, CA. 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 06/2022, Monterey County Symphony Assn employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monterey County Symphony Assn 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 06/2022, Monterey County Symphony Assn generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 0.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MONTEREY SYMPHONY PRODUCES AND PRESENTS CONCERTS AT THE SUNSET CENTER AND FOREST THEATER IN CARMEL. CONCERTS SHOWCASE WELL KNOWN WORKS, AS WELL AS LESSER KNOWN WORKS. THE SYMPHONY TYPICALLY COMMISSIONS ONE NEW WORK EACH YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEASON: EACH SEASON, MONTEREY SYMPHONY PERFORMS MAJOR WORKS BY GREAT COMPOSERS, LESSER-KNOWN WORKS BY THEM AND THEIR CONTEMPORARIES, WORKS BY LIVING COMPOSERS AND POPULAR MUSIC THAT USES SYMPHONIC INSTRUMENTATION. DURING THE 2021-2022 SEASON 4 CONCERT SETS, WITH A TOTAL OF 8 PERFORMANCES, WERE PRESENTED AT THE SUNSET CENTER IN CARMEL. EACH CONCERT SET INCLUDES TWO PERFORMANCES.POPS: MONTEREY SYMPHONY'S OUTDOOR POPS CONCERT SERIES FEATURES A VARIETY OF FAMILY FRIENDLY COMPOSITIONS FROM FILMS, MUSICALS, TV SHOWS AND VARIOUS OTHER TYPES OF MEDIA. THE POPS CONCERT SERIES WAS PRESENTED AT THE FOREST THEATRE IN CARMEL AND INCLUDED TWO PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicola Reilly Executive Dir. | Officer | 40 | $186,000 |
Bruce Lindsey President | OfficerTrustee | 2 | $0 |
Patricia Yellich Vice President | OfficerTrustee | 2 | $0 |
Charles Schimmel Treasurer | OfficerTrustee | 2 | $0 |
Jeffrey Wallace Secretary | OfficerTrustee | 2 | $0 |
Jeryl Abelmann Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $916,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $916,160 |
| Total Program Service Revenue | $193,155 |
| Investment income | $382,816 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $367,126 |
| Net Income from Fundraising Events | $47,538 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,906,795 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| 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. | $219,764 |
| Compensation of current officers, directors, key employees. | $139,564 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $570,846 |
| Pension plan accruals and contributions | $33,455 |
| Other employee benefits | $36,787 |
| Payroll taxes | $56,880 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45 |
| Fees for services: Accounting | $24,246 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,184 |
| Fees for services: Other | $169,772 |
| Advertising and promotion | $123,612 |
| Office expenses | $99,412 |
| Information technology | $29,041 |
| Royalties | $0 |
| Occupancy | $53,963 |
| Travel | $85,009 |
| 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 | $4,301 |
| Insurance | $29,752 |
| All other expenses | $34,623 |
| Total functional expenses | $2,013,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,571 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,750 |
| 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 | $47,326 |
| Net Land, buildings, and equipment | $18,915 |
| Investments—publicly traded securities | $10,308,697 |
| Investments—other securities | $497,206 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,022,070 |
| Total assets | $18,005,535 |
| Accounts payable and accrued expenses | $31,918 |
| Grants payable | $0 |
| Deferred revenue | $11,673 |
| 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 | $0 |
| Other liabilities | $70,962 |
| Total liabilities | $114,553 |
| Net assets without donor restrictions | $1,606,675 |
| Net assets with donor restrictions | $16,284,307 |
| 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 | $18,005,535 |