Pacific Symphony
- Assets
- $52.1m
- Revenue
- $17.6m
- Investments
- $26.5m
- Employees
- 333
- Location
- Irvine, CA
- Founding
- 01/1982
- Data as of
- 06/2021
- EIN
- 95-3635496
Organization Overview
Pacific Symphony is located in Irvine, CA. The organization was established in 1982. 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, Pacific Symphony employed 333 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific Symphony 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, Pacific Symphony generated $17.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $11.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 6 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 INSPIRE AND ENGAGE THROUGH EXCEPTIONAL MUSIC PERFORMANCES, EDUCATION AND COMMUNITY PROGRAMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLASSICAL, POPS CONCERTS, OUTDOOR CONCERTS, CONCERTS FOR BALLET, CHORALE GROUPS AND OTHER ORGANIZATIONS APPROXIMATELY 33,891 OF EXPERIENCES PROVIDED.
EDUCATIONAL EVENTS AND COMMUNITY OUTREACH PROGRAMS INCLUDING APPRECIATION OF MUSIC IN SCHOOL PROGRAMS, FAMILY CONCERTS, YOUTH ORCHESTRA AND OTHERS APPROXIMATELY 120,000 EXPERIENCES PROVIDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Carl St Clair Music Director | Officer | 40 | $407,640 |
Mr John E Forsyte President | OfficerTrustee | 40 | $271,011 |
Mr Gregory Cox VP Of Dev.& Ext. Relations | Officer | 40 | $214,647 |
Mr Sean Sutton Evp & COO | Officer | 40 | $155,804 |
Nikki Crabtree-Palley Sr. Dir. Of Individual Giving | 40 | $140,153 | |
Gary Good Sr. Exec. Special Campaign | 40 | $139,329 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Theater Direct Inc Telefunding | 6/29/21 | $203,690 |
Hotel Irvine Catering Services | 6/29/21 | $147,622 |
Amber Event Production Inc Event Equpment Servi | 6/29/21 | $140,918 |
Segestrom Center For The Arts Rental & Services | 6/29/21 | $1,523,736 |
Infosera Inc It Services | 6/29/21 | $128,966 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,124,565 |
| Related organizations | $0 |
| Government grants | $2,424,318 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,078,849 |
| Noncash contributions included in lines 1a–1f | $7,660,455 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,627,732 |
| Total Program Service Revenue | $35,113 |
| Investment income | $462,199 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$21,684 |
| Net Income from Fundraising Events | $1,270,488 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,060 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,603,170 |
| 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. | $1,097,471 |
| Compensation of current officers, directors, key employees. | $449,848 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,648,970 |
| Pension plan accruals and contributions | $351,612 |
| Other employee benefits | $408,720 |
| Payroll taxes | $748,525 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,491 |
| Fees for services: Accounting | $52,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $46,817 |
| Fees for services: Investment Management | $79,494 |
| Fees for services: Other | $241,058 |
| Advertising and promotion | $258,670 |
| Office expenses | $167,641 |
| Information technology | $174,231 |
| Royalties | $34,858 |
| Occupancy | $364,631 |
| Travel | $2,841 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,915 |
| Interest | $25,199 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $269,070 |
| Insurance | $88,759 |
| All other expenses | $0 |
| Total functional expenses | $11,028,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,080,934 |
| Savings and temporary cash investments | $7,599,590 |
| Pledges and grants receivable | $5,323,136 |
| Accounts receivable, net | $2,387,861 |
| 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 | $746,623 |
| Net Land, buildings, and equipment | $7,105,387 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $26,506,852 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,383,380 |
| Total assets | $52,133,763 |
| Accounts payable and accrued expenses | $1,449,602 |
| Grants payable | $0 |
| Deferred revenue | $3,468,255 |
| 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 | $4,122,346 |
| Other liabilities | $0 |
| Total liabilities | $9,040,203 |
| Net assets without donor restrictions | $8,699,132 |
| Net assets with donor restrictions | $34,394,428 |
| 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 | $52,133,763 |
Grants Recieved
Over the last fiscal year, we have identified 29 grants that Pacific Symphony has recieved totaling $2,740,451.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $1,055,000 |
William S And Nancy E Thompson Foundation Newport Beach, CA PURPOSE: GENERAL SUPPORT | $363,631 |
Lyons Share Foundation Newport Beach, CA PURPOSE: UNDERWRITE CONCERTS AND OPERATING EXPENSES | $263,000 |
Nicholas Endowment Tr Irvine, CA PURPOSE: CORE SUPPORT | $200,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $135,000 |
The Louise Merage Family Foundation Newport Beach, CA PURPOSE: GENERAL OPERATIONS | $111,401 |
Endowment Analysis
| Beg. Balance | $27,184,513 |
| Net Contributions | $2,169,545 |
| Ending Balance | $29,354,058 |
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 |