Modesto Symphony Orchestra Association
- Assets
- $2.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 306
- Location
- Modesto, CA
- Founding
- 09/1944
- Data as of
- 06/2024
- 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 06/2024, Modesto Symphony Orchestra Association employed 306 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 06/2024, Modesto Symphony Orchestra Association generated $1.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $2.2m during the year ending 06/2024. While expenses have increased by 2.5% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
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 | $92,640 |
John Wallace Director | Trustee | 0 | $0 |
Robert Hawks Director | Trustee | 0 | $0 |
Kent Johnson Treasurer | OfficerTrustee | 0 | $0 |
Sheila Carroll Director | Trustee | 0 | $0 |
Richard Dewar MD Director | Trustee | 0 | $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 | $933,964 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $933,964 |
| Total Program Service Revenue | $662,720 |
| Investment income | $76,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,577 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,694,972 |
| 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. | $92,640 |
| Compensation of current officers, directors, key employees. | $26,866 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,214,751 |
| Pension plan accruals and contributions | $87,575 |
| Other employee benefits | $16,233 |
| Payroll taxes | $83,058 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,783 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,373 |
| Advertising and promotion | $25,031 |
| Office expenses | $3,712 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $119,572 |
| Travel | $94,319 |
| 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 | $0 |
| Insurance | $13,546 |
| All other expenses | $137,034 |
| Total functional expenses | $2,219,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313,244 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,205 |
| 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 | $28,823 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,735,517 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,108,789 |
| Accounts payable and accrued expenses | $100,399 |
| Grants payable | $0 |
| Deferred revenue | $234,000 |
| 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 | $334,399 |
| Net assets without donor restrictions | $736,393 |
| Net assets with donor restrictions | $1,037,997 |
| 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 | $2,108,789 |