Hartford Symphony Orchestra Inc
- Assets
- $12.0m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 277
- Location
- Hartford, CT
- Founding
- 12/1949
- Data as of
- 08/2023
- EIN
- 06-0637319
Organization Overview
Hartford Symphony Orchestra Inc is located in Hartford, CT. The organization was established in 1949. 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 08/2023, Hartford Symphony Orchestra Inc employed 277 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hartford 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 08/2023, Hartford Symphony Orchestra Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $5.2m during the year ending 08/2023. While expenses have increased by 0.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH LIVES AND COMMUNITY THROUGH GREAT MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED OVER 50 CONCERTS AND OVER 75 EDUCATIONAL AND OUTREACH PROGRAMS, REACHING AN AUDIENCE OF 80,000 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Kuan Music Direct | Officer | 40 | $192,215 |
Stephen H Collins President & | Officer | 40 | $143,738 |
Karen Sprout Director | Trustee | 1 | $0 |
Andrew L Salner MD Director | Trustee | 1 | $0 |
David M Roth Director | Trustee | 1 | $0 |
Bernard Clark MD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $316,034 |
| Related organizations | $0 |
| Government grants | $448,138 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,386,563 |
| Noncash contributions included in lines 1a–1f | $29,715 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,150,735 |
| Total Program Service Revenue | $1,510,500 |
| Investment income | $257,209 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$405,370 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,513,074 |
| 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. | $335,954 |
| Compensation of current officers, directors, key employees. | $86,243 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,223,864 |
| Pension plan accruals and contributions | $139,427 |
| Other employee benefits | $94,521 |
| Payroll taxes | $195,030 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,134 |
| Fees for services: Accounting | $27,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $37,820 |
| Fees for services: Investment Management | $53,466 |
| Fees for services: Other | $0 |
| Advertising and promotion | $247,788 |
| Office expenses | $92,244 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $372,483 |
| Travel | $99,571 |
| 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 | $72,178 |
| All other expenses | $64,824 |
| Total functional expenses | $5,195,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,391,460 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $670,544 |
| Accounts receivable, net | $47,494 |
| 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 | $41,895 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,742,240 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $132,852 |
| Total assets | $12,026,485 |
| Accounts payable and accrued expenses | $640,281 |
| Grants payable | $0 |
| Deferred revenue | $623,193 |
| 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 | $1,263,474 |
| Net assets without donor restrictions | $2,638,366 |
| Net assets with donor restrictions | $8,124,645 |
| 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 | $12,026,485 |