Salisbury Symphony Inc

Organization Overview

Salisbury Symphony Inc is located in Salisbury, NC. 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, Salisbury Symphony Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salisbury Symphony 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, Salisbury Symphony Inc generated $205.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $367.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO EDUCATE, ENTERTAIN, INSPIRE, ENGAGE AND ENRICH OUR COMMUNITY THROUGH ORCHESTRAL MUSIC AND OTHER MUSICAL PERFORMANCES OF THE HIGHEST QUALITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATED, ENTERTAINED, INSPIRED, ENCOURAGED AND ENRICHED THE COMMUNITY THROUGH ORCHESTRAL MUSIC AND OTHER MUSICAL PERFORMANCES.


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Board, Officers & Key Employees

Name (title)Compensation
Hunter Safrit
Executive Di
$40,000
Stephanie Potter
Chair
$0
Jean Wurster
Vice Preside
$0
Jerry Cochran
Treasurer
$0
Mark Bias
Secretary
$0
Tripp Clement
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $41,591
All other contributions, gifts, grants, and similar amounts not included above$126,079
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$167,670
Total Program Service Revenue$120,036
Investment income -$79,313
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$2,840
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $205,553

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Salisbury Symphony Inc has recieved totaling $19,005.

Awarding OrganizationAmount
Foundation For The Carolinas

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$16,000
Margaret C Woodson Foundation Incorporated

Charlotte, NC

PURPOSE: NC SYMPHONY EDUCATION CONCERT 2021-2022 SEASON

$3,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

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