Eastern Connecticut Symphony Inc
- Assets
- $4.3m
- Revenue
- $742.8k
- Investments
- $0.0
- Employees
- 63
- Location
- New London, CT
- Founding
- 10/1954
- Data as of
- 06/2022
- 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 06/2022, Eastern Connecticut Symphony Inc employed 63 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 06/2022, Eastern Connecticut Symphony Inc generated $742.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $746.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. 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
2022
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 |
|---|---|---|---|
Catherine A Marrion President | Officer | 2 | $0 |
Michael Pernal Vice Preside | Officer | 2 | $0 |
Ellen Cummings Secretary | Officer | 2 | $0 |
Liane Crawford 1st Vice Pre | Officer | 2 | $0 |
Tom Castle Treasurer | Officer | 2 | $0 |
Anish Shah Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $290,378 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $330,378 |
| Total Program Service Revenue | $128,024 |
| Investment income | $99,438 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $139,584 |
| Net Income from Fundraising Events | $32,488 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $742,811 |
| 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 | $270,250 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,016 |
| Payroll taxes | $25,390 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $40,479 |
| Office expenses | $11,849 |
| Information technology | $0 |
| Royalties | $983 |
| Occupancy | $7,800 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,370 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,686 |
| Insurance | $16,156 |
| All other expenses | $30,696 |
| Total functional expenses | $746,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,495 |
| Savings and temporary cash investments | $101,450 |
| Pledges and grants receivable | $10,472 |
| Accounts receivable, net | $1,500 |
| 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 | $722 |
| Net Land, buildings, and equipment | $52,393 |
| Investments—publicly traded securities | $4,061,010 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,332,042 |
| Accounts payable and accrued expenses | $4,448 |
| Grants payable | $0 |
| Deferred revenue | $132,836 |
| 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 | $137,284 |
| Net assets without donor restrictions | $4,139,967 |
| Net assets with donor restrictions | $54,791 |
| 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 | $4,332,042 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Eastern Connecticut Symphony Inc has recieved totaling $10,421.
| Awarding Organization | Amount |
|---|---|
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: ECSO FEBRUARY 2022 CONCERT - 75TH ANNIVERSARY | $7,500 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $1,050 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: ECSO 2021 SUMMER CONCERT GALA | $1,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $838 |
Lll Foundation Inc Greenwich, CT PURPOSE: SUPPORT FOR THE ARTS | $24 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $9 |
Endowment Analysis
| Beg. Balance | $3,367,993 |
| Earnings | -$478,777 |
| Admin Expense | -$23,564 |
| Ending Balance | $2,855,652 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Symphony Orchestra Inc Boston, MA | $745,262,219 | $89,872,398 |
Philharmonic-Symphony Society Of New York Inc New York, NY | $534,569,080 | $138,634,882 |
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 |
Rhode Island Philharmonic Orchestra & Music School East Providence, RI | $15,804,954 | $5,398,910 |
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 |
Hartford Symphony Orchestra Inc Hartford, CT | $12,831,218 | $4,378,736 |
Musical Associates Of Central New York Inc Syracuse, NY | $3,413,784 | $4,180,183 |
New Haven Symphony Orchestra Inc New Haven, CT | $4,780,690 | $3,191,138 |
Stamford Symphony Orchestra Inc Stamford, CT | $4,591,882 | $2,087,618 |