Vermont Symphony Orchestra Inc
- Assets
- $6.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 122
- Location
- Burlington, VT
- Founding
- 11/1939
- Data as of
- 05/2022
- EIN
- 03-0222134
Organization Overview
Vermont Symphony Orchestra Inc is located in Burlington, VT. The organization was established in 1939. 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 05/2022, Vermont Symphony Orchestra Inc employed 122 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Symphony Orchestra Inc 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 05/2022, Vermont Symphony Orchestra Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.6m during the year ending 05/2022. 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
THE VERMONT SYMPHONY ORCHESTRA FOSTERS AND ENCOURAGES THE LOVE OF MUSIC THROUGHOUT VERMONT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR FY22: EIGHT CORE PERFORMANCES WITH FULL ORCHESTRA INCLUDED CLASSICAL SERIES, SUMMER FESTIVAL CONCERTS, BURLINGTON DOES BROADWAY AND HOLIDAY POPS. TO THIS WE ADDED THREE VISUALIZER CONCERTS WITH CHAMBER ORCHESTRA.
FOR FY22: 44 STATEWIDE SMALL ENSEMBLE PERFORMANCES TOOK PLACE BOTH INDOORS AND OUTDOORS THROUGHOUT THE YEAR, INCLUDING JUKEBOX, BRASS QUINTET, CLOSE TO HOME, GLORIA CONCERTS AND MORE.
FOR FY22: EDUCATIONAL PROGRAMS SUCH AS YOUNG COMPOSERS, MASTERCLEF, PIANO MASTERCLASS, MUSICIANS IN SCHOOLS, AND MORE TOOK PLACE THROUGHOUT THE YEAR PRIMARILY WITH ELEMENTARY AND MIDDLE SCHOOL STUDENTS STATEWIDE. DUE TO THE ONGOING PANDEMIC, PARTICIPATION OF YOUTH WAS SIGNIFICANTLY CURTAILED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elise Brunelle Executive Director | Officer | 40 | $96,474 |
Randall Sargent Treasurer | OfficerTrustee | 2 | $0 |
Robert Kenny Chair | OfficerTrustee | 2 | $0 |
Victoria Young Secretary | OfficerTrustee | 2 | $0 |
Betsy Bloomer Vice Chair | OfficerTrustee | 2 | $0 |
Simeon Ananou Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $813,084 |
| All other contributions, gifts, grants, and similar amounts not included above | $743,078 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,556,162 |
| Total Program Service Revenue | $334,301 |
| Investment income | $66,268 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $333,099 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,290,759 |
| 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. | $125,931 |
| Compensation of current officers, directors, key employees. | $12,593 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $509,861 |
| Pension plan accruals and contributions | $16,045 |
| Other employee benefits | $11,004 |
| Payroll taxes | $61,973 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,687 |
| Fees for services: Accounting | $15,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,448 |
| Fees for services: Other | $258,383 |
| Advertising and promotion | $130,304 |
| Office expenses | $24,910 |
| Information technology | $7,029 |
| Royalties | $0 |
| Occupancy | $34,799 |
| Travel | $53,071 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,674 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,480 |
| Insurance | $18,094 |
| All other expenses | $10,671 |
| Total functional expenses | $1,562,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,806 |
| Savings and temporary cash investments | $24,463 |
| Pledges and grants receivable | $264,339 |
| Accounts receivable, net | $244,279 |
| 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 | $59,388 |
| Net Land, buildings, and equipment | $48,019 |
| Investments—publicly traded securities | $5,325,131 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $315,632 |
| Total assets | $6,301,057 |
| Accounts payable and accrued expenses | $57,824 |
| Grants payable | $0 |
| Deferred revenue | $125,279 |
| 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 | $149,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $333,003 |
| Net assets without donor restrictions | $62,952 |
| Net assets with donor restrictions | $5,905,102 |
| 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 | $6,301,057 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Vermont Symphony Orchestra Inc has recieved totaling $165,076.
| Awarding Organization | Amount |
|---|---|
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $67,876 |
Vermont Council On The Arts Inc Montpelier, VT PURPOSE: GENERAL PURPOSE | $35,000 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $25,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $11,700 |
George W Mergens Foundation Milton, VT PURPOSE: YOUTHPROGRAMS | $10,000 |
Windham Foundation Grafton, VT PURPOSE: PERFORMANCE UNDERWRITING | $7,000 |
Endowment Analysis
| Beg. Balance | $5,340,990 |
| Earnings | -$294,339 |
| Net Contributions | $287,680 |
| Other Expense | $9,200 |
| Ending Balance | $5,325,131 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buffalo Philharmonic Orchestra Society Inc Buffalo, NY | $15,185,404 | $13,394,584 |
Rochester Philharmonic Orchestra Inc Rochester, NY | $20,757,567 | $7,702,051 |
Cape Arts & Entertainment Inc West Barnstable, MA | $10,466,895 | $5,101,262 |
Orpheus Chamber Orchestra Inc New York, NY | $1,908,737 | $3,345,104 |
Boston Youth Symphony Orchestra Inc Boston, MA | $8,731,148 | $5,999,512 |
Musical Associates Of Central New York Inc Syracuse, NY | $3,413,784 | $4,180,183 |
Albany Symphony Orchestra Inc Albany, NY | $12,413,747 | $2,273,007 |
Vermont Symphony Orchestra Inc Burlington, VT | $6,301,057 | $2,290,759 |
Empire State Youth Orchestra Scotia, NY | $2,045,485 | $1,515,051 |
New Bedford Symphony Orchestra Association Inc New Bedford, MA | $4,865,407 | $2,823,621 |
New York Youth Symphony Inc New York, NY | $7,744,082 | $1,961,364 |
Plymouth Philharmonic Orchestra Inc Plymouth, MA | $1,084,927 | $1,591,741 |