Santa Barbara Symphony Orchestra Association
- Assets
- $2.6m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 124
- Location
- Santa Barbara, CA
- Founding
- 10/1959
- Data as of
- 06/2022
- EIN
- 95-2104089
Organization Overview
Santa Barbara Symphony Orchestra Association is located in Santa Barbara, CA. The organization was established in 1959. 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, Santa Barbara Symphony Orchestra Association employed 124 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Barbara 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, Santa Barbara Symphony Orchestra Association generated $3.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $4.0m during the year ending 06/2022. While expenses have increased by 8.8% per year over the past 4 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
TO ENRICH OUR COMMUNITY BY CREATING POWERFUL MUSICAL EXPERIENCES PERFORMED WITH PASSION AND EXCELLENCE, AND BY PROVIDING INDISPENSABLE MUSIC EDUCATION AND COMMUNITY ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 1953 THE SANTA BARBARA SYMPHONY IS CONSISTENTLY LAUDED FOR ITS UNIQUE ABILITY TO ENGAGE THE COMMUNITY THROUGH BRILLIANT CONCERTS AND DELIVER DYNAMIC AWARD-WINNING MUSIC EDUCATION PROGRAMS. AS ONE OF THE REGION'S PREMIER CULTURAL INSTITUTIONS, THE ORCHESTRA OF TOP-LEVEL MUSICIANS IS LED BY CHARISMATIC ISRAELI CONDUCTOR NIR KABARETTI WHO HAS BEEN ARTISTIC AND MUSIC DIRECTOR OF THE SANTA BARBARA SYMPHONY SINCE 2006. FOLLOWING THE PANDAMIC, THE SANTA BARBARA SYMPHONY RETURNED TO LIVE PERFORMANCES IN FALL OF 2021 WITH A FULL SUBSCRIPTION SEASON WITH SEVEN CONCERTS AND THE TRADITIONAL NEW YEAR'S EVE PERFORMANCE.
THE SANTA BARBARA SYMPHONY'S MUSIC EDUCATION PROGRAMS VALUE THE IMPORTANCE OF TEACHING CHILDREN THE CONNECTIONS BETWEEN THEMSELVES, MUSIC, AND THE WORLD AROUND THEM. THE EDUCATION PROGRAMS USE A CONTINUUM OF PROGRAMS TO TAKE STUDENTS FROM THEIR FIRST EXPERIENCE WITH AN INSTRUMENT THROUGH PERFORMANCE AT A HIGH-LEVEL ENSEMBLE SETTING. EACH PROGRAM IS EITHER FREE OR REASONABLY PRICED WITH FINANCIAL AID AVAILABLE. PROGRAMS ENGAGE STUDENTS THROUGH INTERACTIVE AND EXPERIENTIAL LEARNING. THE SBS MUSIC EDUCATION PROGRAMS REGULARLY SERVE 2,000 STUDENTS THROUGHOUT SANTA BARBARA COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Martin President | Officer | 40 | $169,226 |
Nir Kabaretti Director | Officer | 40 | $149,134 |
Janet Garufis Chair | Trustee | 5 | $0 |
Christopher D Harris Treasurer | Trustee | 5 | $0 |
Michelle Richardson Secretary | Trustee | 1 | $0 |
Sarah Chrisman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $646,493 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,607,025 |
| Noncash contributions included in lines 1a–1f | $153,976 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,253,518 |
| Total Program Service Revenue | $641,988 |
| Investment income | $317 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,488 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,894,335 |
| 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. | $338,366 |
| Compensation of current officers, directors, key employees. | $72,147 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $894,721 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $122,711 |
| Payroll taxes | $147,447 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,878 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $822,539 |
| Advertising and promotion | $97,833 |
| Office expenses | $70,600 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $94,955 |
| 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 | $29,718 |
| All other expenses | $0 |
| Total functional expenses | $4,038,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,257 |
| Savings and temporary cash investments | $847,566 |
| Pledges and grants receivable | $1,417,639 |
| 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 | $16,734 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $130,294 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $105,922 |
| Total assets | $2,638,412 |
| Accounts payable and accrued expenses | $52,035 |
| Grants payable | $0 |
| Deferred revenue | $388,986 |
| 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 | $344,021 |
| Total liabilities | $785,042 |
| Net assets without donor restrictions | $727,179 |
| Net assets with donor restrictions | $1,126,191 |
| 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 | $2,638,412 |