Modesto Symphony Orchestra Association
- Assets
- $1.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 108
- Location
- Modesto, CA
- Founding
- 09/1944
- Data as of
- 06/2022
- EIN
- 94-2150279
Organization Overview
Modesto Symphony Orchestra Association is located in Modesto, CA. The organization was established in 1944. 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, Modesto Symphony Orchestra Association employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Modesto Symphony Orchestra 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 06/2022, Modesto Symphony Orchestra Association generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS A PROFESSIONAL ORGANIZATION THAT CONSTANTLY STRIVES TO PROVIDE THE HIGHEST STANDARDS IN MUSICAL PERFORMANCES TO ATTRACT THE BROADEST AUDIENCE FROM THE REGION.
Describe the Organization's Program Activity:
TO PROVIDE SYMPHONY ORCHESTRA CONCERTS AND PERFORMANCES TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caroline Nickel President & CEO | Officer | 40 | $95,340 |
John Wallace Director | Trustee | 0 | $0 |
Robert Hawks Director | Trustee | 0 | $0 |
Kent Johnson Treasurer | Trustee | 0 | $0 |
Sheila Carroll Director | Trustee | 0 | $0 |
Dr Phillip Beck Board Chair | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $833,452 |
| All other contributions, gifts, grants, and similar amounts not included above | $862,989 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,696,441 |
| Total Program Service Revenue | $387,318 |
| Investment income | $18,704 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,990 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,137,453 |
| 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. | $95,340 |
| Compensation of current officers, directors, key employees. | $33,465 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $922,857 |
| Pension plan accruals and contributions | $72,478 |
| Other employee benefits | $15,179 |
| Payroll taxes | $64,780 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,949 |
| Advertising and promotion | $28,938 |
| Office expenses | $0 |
| Information technology | $19,837 |
| Royalties | $0 |
| Occupancy | $102,645 |
| Travel | $43,323 |
| 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 | $275 |
| Insurance | $15,010 |
| All other expenses | $60,993 |
| Total functional expenses | $1,569,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $689,240 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,252 |
| 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 | $20,820 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,098,467 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,815,779 |
| Accounts payable and accrued expenses | $63,408 |
| Grants payable | $0 |
| Deferred revenue | $69,846 |
| 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 | $0 |
| Total liabilities | $133,254 |
| Net assets without donor restrictions | $794,601 |
| Net assets with donor restrictions | $887,924 |
| 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 | $1,815,779 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Modesto Symphony Orchestra Association has recieved totaling $195,690.
| Awarding Organization | Amount |
|---|---|
Stanislaus Community Foundation Modesto, CA | | $129,300 |
Reed Foundation Modesto, CA PURPOSE: TO SUPPORT PROGRAMS THAT PROVIDE A RIGOROUS AND INSPIRING ORCHESTRAL EXPERIENCE FOR YOUNG MUSICIANS. | $17,200 |
Bright Family Foundation Modesto, CA PURPOSE: SUPPORT LOCAL ARTS. | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $14,050 |
Bob And Marie Gallo Foundation Modesto, CA PURPOSE: GENERAL SUPPORT | $10,000 |
Antone And Marie Raymus Foundation Manteca, CA PURPOSE: SCHOLARSHIPS TO YOUTH | $5,000 |
Endowment Analysis
| Beg. Balance | $938,754 |
| Earnings | -$73,712 |
| Net Contributions | $22,882 |
| Ending Balance | $887,924 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Eugene Symphony Association Inc Eugene, OR | $630,258 | $3,023,786 |