Corning Elmira Musical Arts
- Assets
- $552.3k
- Revenue
- $285.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Corning, NY
- Founding
- 11/1996
- Data as of
- 06/2021
- EIN
- 16-1482732
Organization Overview
Corning Elmira Musical Arts, operating under the name Orchestra Of The Southern Finger Lakes, is located in Corning, NY. The organization was established in 1996. 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 06/2021, Orchestra Of The Southern Finger Lakes employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orchestra Of The Southern Finger Lakes 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 06/2021, Orchestra Of The Southern Finger Lakes generated $285.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $155.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.8%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRODUCING SYMPHONIC MUSIC CONCERTS AND MUSIC EDUCATION PROGRAMS TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL ORCHESTRA, YOUTH ORCHESTRA AND VOLUNTEER CHORUS PERFORMANCES FOR THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Dusek Managing Director | Officer | 40 | $47,441 |
Gary Chollet Immediate Past President | Officer | 5 | $634 |
Laura Campbell Director | Trustee | 2 | $300 |
Clare Van Den Blink President | Officer | 5 | $0 |
Savannah Paddock Secretary | Officer | 4 | $0 |
Richard Preston First Vice President | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $342 |
| Related organizations | $0 |
| Government grants | $65,781 |
| All other contributions, gifts, grants, and similar amounts not included above | $206,308 |
| Noncash contributions included in lines 1a–1f | $182 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $272,431 |
| Total Program Service Revenue | $13,790 |
| Investment income | $216 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$805 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $285,632 |
| 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. | $50,748 |
| Compensation of current officers, directors, key employees. | $49,814 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,561 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,183 |
| Payroll taxes | $5,475 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,067 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,037 |
| Advertising and promotion | $1,312 |
| Office expenses | $1,211 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,897 |
| 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 | $2,772 |
| Insurance | $2,181 |
| All other expenses | $1,129 |
| Total functional expenses | $155,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,402 |
| Savings and temporary cash investments | $147,493 |
| Pledges and grants receivable | $24,556 |
| Accounts receivable, net | $0 |
| 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 | $2,473 |
| Net Land, buildings, and equipment | $9,682 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $246,712 |
| Total assets | $552,318 |
| Accounts payable and accrued expenses | $2,424 |
| Grants payable | $0 |
| Deferred revenue | $55,040 |
| 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 | $16,509 |
| Other liabilities | $0 |
| Total liabilities | $73,973 |
| Net assets without donor restrictions | $225,924 |
| Net assets with donor restrictions | $252,421 |
| 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 | $552,318 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Corning Elmira Musical Arts has recieved totaling $62,314.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Elmira Corning And The Finger Lakes Horseheads, NY PURPOSE: GENERAL OPERATING SUPPORT | $32,618 |
Community Foundation Of Elmira Corning And The Finger Lakes Horseheads, NY PURPOSE: OSFL CONCERTS; UPGRADED TECH | $16,900 |
U S Family Foundation Inc Inverness, FL PURPOSE: FURTHER THE CHARITABLE, EDUCATIONAL AND/OR SCIENTIFIC EFFORTS OF THE CHARITY | $12,774 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Endowment Analysis
| Beg. Balance | $173,057 |
| Earnings | $51,675 |
| Admin Expense | $2,251 |
| Other Expense | $6,800 |
| Ending Balance | $215,681 |
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 |
Philadelphia Orchestra Association Philadelphia, PA | $211,538,479 | $41,118,272 |
Pittsburgh Symphony Inc Pittsburgh, PA | $194,466,393 | $30,739,984 |
New Jersey Symphony Orchestra Newark, NJ | $12,634,412 | $12,910,552 |
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 |
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 |