Monterey County Symphony Assn
- Assets
- $21.2m
- Revenue
- $1.2m
- Investments
- $572.4k
- Employees
- 138
- Location
- CarmelbytheSea, CA
- Founding
- 01/1965
- Data as of
- 06/2021
- 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 06/2021, Monterey County Symphony Assn employed 138 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 06/2021, Monterey County Symphony Assn generated $1.2m 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 (5.4%) each year. All expenses for the organization totaled $764.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.1%) 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 ENGAGE, EDUCATE AND EXCITE OUR COMMUNITY THROUGH THE PERFORMANCE AND CONTINUAL DISCOVERY OF SYMPHONIC MUSIC. THE MONTEREY SYMPHONY PRODUCES AND PRESENTS THE BEST MUSICAL PROGRAMS, EDUCATIONAL ACTIVITIES AND COMMUNITY EVENTS POSSIBLE TO ENGAGE PEOPLE OF (CONTINUED ON PAGE 2)
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.COVID-19INSTEAD OF BREAKING UP THE 2020-2021 SEASON DUE TO COVID-19, EXECUTIVE DIRECTOR NICOLA REILLY AND THE SYMPHONY'S BARD DECIDED TO "MAINTAIN ARTISTIC INTEGRITY,X AND SHIFT THE SEASON AN ENTIRE YEAR.FOR WHAT WOULD HAVE BEEN ITS 75TH SEASON, MONTEREY SYMPHONY ANNOUNCED ON JULY 6, 2020 THAT ITS 2020-2021 PERFORMANCES WILL BE SHIFTED AN ENTIRE YEAR. THE ANNOUNCEMENT
COMES ON THE HEELS OF AN ANOTHER, IN WHICH THE SYMPHONY STATED IT WILL BE ABLE TO PAY ITS MUSICIANS FOR MISSED WORK BECAUSE OF MONEY RECEIVED THROUGH A TRUST.DURING A REGULAR (NON-COVID 19 YEAR), MONTEREY SYMPHONY PERFORMS MUSIC THAT HAS BOTH PUBLIC APPEAL AND INTELLECTUAL MERIT. THIS INCLUDES SELECTING A REPERTOIRE IN OUR PATRONS' "COMFORT ZONE," AS MONTEREY SYMPHONY ACTIVELY SEEKS WAYS TO ENLARGE THAT ZONE. MONTEREY SYMPHONY PROVIDES ADVANCE MATERIALS AND INFORMATION WHICH ENABLE ITS PATRONS TO ENHANCE THEIR CONCERT-GOING EXPERIENCE. MONTEREY SYMPHONY ENGAGES GUEST ARTISTS WHO ILLUMINATE THE MUSIC THROUGH THEIR INTERPRETIVE SKILLS AND VIRTUOSITY.
MONTEREY SYMPHONY MONITORS ITS TRADITIONAL CONCERT HALLS TO ENSURE THAT THE CONCERT EXPERIENCE FOR BOTH PERFORMERS AND AUDIENCE MEETS OPTIMAL STANDARDS. MONTEREY SYMPHONY PRESENTS INNOVATIVE EXPERIENCES IN THE CONCERT HALL THROUGH ELECTRONIC MEDIA AND TECHNOLOGICAL ADVANCES. MONTEREY SYMPHONY ALSO PERFORM IN NON-TRADITIONAL SETTINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicola Reilly Exec Director | Officer | 37.5 | $156,000 |
Patricia Yellich Vice President | OfficerTrustee | 2 | $0 |
Martin Wolf Vice President | OfficerTrustee | 2 | $0 |
Jeffrey Wallace Secretary | OfficerTrustee | 2 | $0 |
Charles Schimmel Treasurer | OfficerTrustee | 2 | $0 |
Bruce Lindsey President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $898,485 |
| Investment income | $245,058 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,420 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,183,026 |
| 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. | $156,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $181,777 |
| Pension plan accruals and contributions | $2,475 |
| Other employee benefits | $36,833 |
| Payroll taxes | $23,863 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,244 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,527 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,389 |
| Office expenses | $21,106 |
| Information technology | $26,792 |
| Royalties | $0 |
| Occupancy | $45,422 |
| Travel | $15,075 |
| 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 | $15,413 |
| All other expenses | $0 |
| Total functional expenses | $764,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $424,251 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $37,063 |
| 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 | $24,778 |
| Investments—publicly traded securities | $12,211,683 |
| Investments—other securities | $572,412 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,947,868 |
| Total assets | $21,241,271 |
| Accounts payable and accrued expenses | $25,715 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $57,405 |
| Other liabilities | $93,076 |
| Total liabilities | $176,196 |
| 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 | $21,065,075 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Monterey County Symphony Assn has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $6,000 |
Endowment Analysis
| Beg. Balance | $11,388,563 |
| Earnings | $3,018,487 |
| Net Contributions | $270,195 |
| Other Expense | $400,000 |
| Ending Balance | $14,277,245 |
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 |