Plymouth Philharmonic Orchestra Inc
- Assets
- $1.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 120
- Location
- Plymouth, MA
- Founding
- 03/1974
- Data as of
- 06/2022
- EIN
- 23-7267766
Organization Overview
Plymouth Philharmonic Orchestra Inc is located in Plymouth, MA. The organization was established in 1974. 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, Plymouth Philharmonic Orchestra Inc employed 120 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plymouth Philharmonic 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 06/2022, Plymouth Philharmonic Orchestra Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 6.8% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PLYMOUTH PHILHARMONIC ORCHESTRA, A PROFESSIONAL ORCHESTRAL ENSEMBLE, PRESENTS A WIDE RANGE OF LIVE MUSIC AND EDUCATIONAL PROGRAMS TO PEOPLE OF ALL AGES AND BACKGROUNDS ON THE SOUTH SHORE OF MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SYMPHONY ORCHESTRA OPERATED FOR EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Corben Executive Director | OfficerTrustee | 40 | $116,373 |
Michael Keys Vice Chair | OfficerTrustee | 3 | $0 |
Kevin Kiley Chair | OfficerTrustee | 3 | $0 |
Elizabeth Pineault Treasurer | OfficerTrustee | 3 | $0 |
Heather Cozby Board Member | Trustee | 1 | $0 |
Deborah Bowen Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $28,580 |
| Related organizations | $0 |
| Government grants | $313,366 |
| All other contributions, gifts, grants, and similar amounts not included above | $812,951 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,154,897 |
| Total Program Service Revenue | $436,787 |
| Investment income | $57 |
| 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 | $1,591,741 |
| 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 | $391,756 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $61,468 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,256 |
| Fees for services: Accounting | $11,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,497 |
| Office expenses | $15,159 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,228 |
| Travel | $24,443 |
| 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 | $2,790 |
| Insurance | $4,057 |
| All other expenses | $191,716 |
| Total functional expenses | $1,277,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $524,551 |
| Savings and temporary cash investments | $51,924 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $175 |
| 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 | $10,990 |
| Net Land, buildings, and equipment | $8,939 |
| Investments—publicly traded securities | $486,348 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $1,084,927 |
| Accounts payable and accrued expenses | $22,438 |
| Grants payable | $0 |
| Deferred revenue | $20,402 |
| 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 | $42,840 |
| Net assets without donor restrictions | $860,860 |
| Net assets with donor restrictions | $181,227 |
| 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 | $1,084,927 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Plymouth Philharmonic Orchestra Inc has recieved totaling $76,348.
| Awarding Organization | Amount |
|---|---|
Gardinor-Prunaret Foundation Plymouth, MA PURPOSE: GENERAL SUPPORT | $50,000 |
Henry Hornblower Fund Inc Plymouth, MA PURPOSE: GENERAL SUPPORT | $13,848 |
Rockland Trust Charitable Foundation Rockland, MA PURPOSE: PROGRAM SUPPORT | $5,000 |
Rockland Trust Charitable Foundation Rockland, MA PURPOSE: PROGRAM SUPPORT | $5,000 |
South Shore Bank Charitable Foundation Inc South Weymouth, MA PURPOSE: EXEMPT PURPOSE | $2,500 |
Endowment Analysis
| Beg. Balance | $300,000 |
| Net Contributions | $75,000 |
| Ending Balance | $375,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Albany Symphony Orchestra Inc Albany, NY | $12,413,747 | $2,273,007 |
Vermont Symphony Orchestra Inc Burlington, VT | $6,301,057 | $2,290,759 |