Eastern Connecticut Symphony Inc
- Assets
- $5.0m
- Revenue
- $767.1k
- Investments
- $0.0
- Employees
- 60
- Location
- New London, CT
- Founding
- 10/1954
- Data as of
- 06/2024
- EIN
- 06-6068892
Organization Overview
Eastern Connecticut Symphony Inc is located in New London, CT. The organization was established in 1954. 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, Eastern Connecticut Symphony Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastern Connecticut Symphony 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 06/2024, Eastern Connecticut Symphony Inc generated $767.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $897.9k during the year ending 06/2024. While expenses have increased by 1.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE EASTERN CONNECTICUT SYMPHONY, INC. IS TO INSPIRE, EDUCATE AND CONNECT OUR COMMUNITIES THROUGH LIVE ORCHESTRAL MUSIC.
Describe the Organization's Program Activity:
PRODUCTION OF CONCERTS AND OTHER MUSICAL ACTIVITIES IN SOUTHEASTERN CONNECTICUT.
ADVERITISING FOR SPACE IN PROGRAM BOOKLETS FOR CONCERTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Pernal Vice Preside | Officer | 2 | $0 |
Liane Crawford President | Officer | 2 | $0 |
Ellen Cummings Secretary | Officer | 2 | $0 |
Tom Castle Treasurer | Officer | 2 | $0 |
John P Anthony Director | Trustee | 1 | $0 |
Steve Bousquet Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,499 |
| All other contributions, gifts, grants, and similar amounts not included above | $330,846 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $337,345 |
| Total Program Service Revenue | $175,615 |
| Investment income | $119,920 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $56,836 |
| Net Income from Fundraising Events | $26,119 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $767,101 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $320,390 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $33,696 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,271 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $39,368 |
| Office expenses | $11,219 |
| Information technology | $0 |
| Royalties | $2,471 |
| Occupancy | $7,800 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,992 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,802 |
| Insurance | $19,302 |
| All other expenses | $30,517 |
| Total functional expenses | $897,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,755 |
| Savings and temporary cash investments | $65,417 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,235 |
| 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 | $12,976 |
| Net Land, buildings, and equipment | $70,457 |
| Investments—publicly traded securities | $4,751,081 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,011,921 |
| Accounts payable and accrued expenses | $5,443 |
| Grants payable | $0 |
| Deferred revenue | $145,573 |
| 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 | $151,016 |
| Net assets without donor restrictions | $4,810,114 |
| Net assets with donor restrictions | $50,791 |
| 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 | $5,011,921 |