Albany Symphony Association Inc
- Assets
- $212.1k
- Revenue
- $211.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Albany, GA
- Founding
- 09/1969
- Data as of
- 06/2021
- EIN
- 23-7036243
Organization Overview
Albany Symphony Association Inc is located in Albany, GA. 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 06/2022, Albany Symphony Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albany 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 06/2021, Albany Symphony Association Inc generated $211.6k 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 $189.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 7 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
THE MISSION OF THE ALBANY SYMPHONY ASSOCIATION IS TO ENRICH THE QUALITY OF LIFE IN SOUTHWEST GEORGIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
LINK-UP CONCERT - PROVIDES EDUCATIONAL MATERIALS TO AREA SCHOOLS FOR STUDENTS IN GRADES THREE THROUGH FIVE AND CULMINATES IN CONCERT ALLOWING THE CHILDREN TO PARTICIPATE WITH PROFESSIONAL MUSICIANS IN A CONCERT.
THE ALBANY SYMPHONY ORCHESTRA IS A COMMUNITY ORCHESTRA THAT PRESENTS CONCERTS TO THE PUBLIC, CIVIC ORGANIZATIONS AND AREA SCHOOLS.
THE ALBANY SYMPHONY ORCHESTRA CONTRACTS WITH PRIVATE GROUPS TO PROVIDE MUSICIANS FOR EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruston Allen Treasurer | OfficerTrustee | $0 | |
Dawn Benson Immediate Pa | Trustee | $0 | |
Richard Danne Secretary | OfficerTrustee | $0 | |
Marcia M Hood Board Of Dir | Trustee | $0 | |
Dr Kathy Hudson Board Of Dir | Trustee | $0 | |
Gill Moura Board Of Dir | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,092 |
| Investment income | $33 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $211,555 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $95,916 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,929 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,127 |
| Advertising and promotion | $591 |
| Office expenses | $2,699 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,233 |
| 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 | $5,975 |
| Insurance | $3,720 |
| All other expenses | $0 |
| Total functional expenses | $189,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,586 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,207 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $212,129 |
| Accounts payable and accrued expenses | $1,715 |
| 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 | $25,595 |
| Total liabilities | $27,310 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $184,819 |