Waterbury Symphony Orchestra Inc
- Assets
- $3.2m
- Revenue
- $903.2k
- Investments
- $3.0m
- Employees
- 5
- Location
- Waterbury, CT
- Founding
- 07/1952
- Data as of
- 06/2023
- EIN
- 06-6090876
Organization Overview
Waterbury Symphony Orchestra Inc is located in Waterbury, CT. The organization was established in 1952. 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 06/2023, Waterbury Symphony Orchestra Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterbury 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 06/2023, Waterbury Symphony Orchestra Inc generated $903.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $1.1m during the year ending 06/2023. 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
SYMPHONY CONCERTS AND EDUCATION PROGRAMS IN THE GREATER WTBY. AREA AND SURROUNDING REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SYMPHONY CONCERTS AND EDUCATIONAL PROGRAMS IN THE GREATER WATERBURY AREA AND SURROUNDING REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr James Chittum Education Chair | Trustee | 4 | $0 |
Kenneth Blazier Board Of Directors | Trustee | 2 | $0 |
Matthew Krumholtz Board Of Directors | Trustee | 2 | $0 |
Paul Kelly MD Board Of Directors | Trustee | 2 | $0 |
Msgr Robert Tucker Board Of Directors | Trustee | 2 | $0 |
Rick Sadlon Board Of Directors | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $378,635 |
| All other contributions, gifts, grants, and similar amounts not included above | $281,083 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $659,718 |
| Total Program Service Revenue | $177,601 |
| Investment income | $89,085 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$23,254 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $903,150 |
| 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 | $157,658 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,957 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,329 |
| Fees for services: Accounting | $32,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,869 |
| Advertising and promotion | $31,843 |
| Office expenses | $15,714 |
| Information technology | $9,191 |
| Royalties | $0 |
| Occupancy | $22,751 |
| Travel | $0 |
| 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 | $3,042 |
| Insurance | $6,814 |
| All other expenses | $106,569 |
| Total functional expenses | $1,067,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,257 |
| Savings and temporary cash investments | $2,325 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,145 |
| 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 | $5,905 |
| Net Land, buildings, and equipment | $12,820 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,022,638 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,363 |
| Total assets | $3,155,453 |
| Accounts payable and accrued expenses | $9,073 |
| Grants payable | $0 |
| Deferred revenue | $2,065 |
| 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 | $25,363 |
| Total liabilities | $36,501 |
| Net assets without donor restrictions | $499,659 |
| Net assets with donor restrictions | $2,619,293 |
| 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 | $3,155,453 |