Tacoma Youth Symphony Association Inc
- Assets
- $1.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 15
- Location
- Tacoma, WA
- Founding
- 02/1969
- Data as of
- 05/2024
- EIN
- 23-7005522
Organization Overview
Tacoma Youth Symphony Association Inc is located in Tacoma, WA. The organization was established in 1969. 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 05/2024, Tacoma Youth Symphony Association Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tacoma Youth Symphony Association 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 05/2024, Tacoma Youth Symphony Association Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $931.8k during the year ending 05/2024. While expenses have increased by 3.9% 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 TACOMA YOUTH SYMPHONY ASSOCIATION IS A NON-PROFIT CORPORATION THAT PROVIDES MUSIC EDUCATION AND PROFORMANCE OPPORTUNITIES FOR YOUTHS AGE 6 TO 21.
Describe the Organization's Program Activity:
THE PROGRAM SERVICE ACTIVITY INVOLVES THE OPERATION OF A STUDENT SYMPHONY ORCHESTRA FOR YOUTH AGES 6 TO 21.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Daulton Director | Trustee | 1.5 | $0 |
Cathy Early President | OfficerTrustee | 1.5 | $0 |
Jennifer Weddermann 2nd Vice President | OfficerTrustee | 1.5 | $0 |
Laura Davis 1st Vice President | OfficerTrustee | 1.5 | $0 |
Maggie Duggan Director | Trustee | 1.5 | $0 |
Debbie Jaap Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $42,283 |
| Related organizations | $0 |
| Government grants | $108,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $311,222 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $461,705 |
| Total Program Service Revenue | $823,456 |
| Investment income | $864 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,570 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $263 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,291,758 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $131,510 |
| Compensation of current officers, directors, key employees. | $25,928 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $221,339 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,250 |
| Payroll taxes | $39,663 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,200 |
| Advertising and promotion | $9,289 |
| Office expenses | $27,838 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,708 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,132 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,154 |
| Insurance | $11,502 |
| All other expenses | $3,792 |
| Total functional expenses | $931,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $944,970 |
| Savings and temporary cash investments | $86,097 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,747 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $138,362 |
| Total assets | $1,172,176 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,086,079 |
| Net assets with donor restrictions | $86,097 |
| 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 | $1,172,176 |