Symphony Orchestra Of Northwest Arkansas
- Assets
- $1.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 137
- Location
- Fayetteville, AR
- Founding
- 04/1977
- Data as of
- 06/2022
- EIN
- 23-7439184
Organization Overview
Symphony Orchestra Of Northwest Arkansas is located in Fayetteville, AR. The organization was established in 1977. 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, Symphony Orchestra Of Northwest Arkansas employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Symphony Orchestra Of Northwest Arkansas 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, Symphony Orchestra Of Northwest Arkansas generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 5.2% 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
SONA BRINGS GREAT MUSIC TO LIFE IN NORTHWEST ARKANSAS. SONA WILL BE RECOGNIZED AS A TRAILBLAZING ORCHESTRA AS IT: EXPANDS THE POSSIBILITIES OF WHAT AN ORCHESTRA CAN BE; CHANGES LIVES BY INCREASING INTEREST AND EQUITY IN THE ARTS THROUGH OUTREACH, EDUCATION, COLLABORATION AND PERFORMANCE; CREATIVELY HONORS THE PAST, PRESENT AND FUTURE OF OUR ARTFORM, FOSTERING THE HIGHEST LEVELS OF ARTISTIC EXPRESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SONA BRINGS GREAT MUSIC TO LIFE IN NORTHWEST ARKANSAS. SONA WILL BE RECOGNIZED AS A TRAILBLAZING ORCHESTRA AS IT: EXPANDS THE POSSIBILITIES OF WHAT AN ORCHESTRA CAN BE; CHANGES LIVES BY INCREASING INTEREST AND EQUITY IN THE ARTS THROUGH OUTREACH, EDUCATION, COLLABORATION AND PERFORMANCE; CREATIVELY HONORS THE PAST, PRESENT AND FUTURE OF OUR ARTFORM, FOSTERING THE HIGHEST LEVELS OF ARTISTIC EXPRESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Russell Chair | OfficerTrustee | 1 | $0 |
Marti Sudduth Secretary | OfficerTrustee | 1 | $0 |
Jack Cleghorn Vice-Chair | OfficerTrustee | 1 | $0 |
Drew Hutchison Treasurer | OfficerTrustee | 1 | $0 |
Malcolm Hayward MD Director | Trustee | 1 | $0 |
Carl Frazier-Sparks Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,370 |
| Related organizations | $0 |
| Government grants | $296,149 |
| All other contributions, gifts, grants, and similar amounts not included above | $614,041 |
| Noncash contributions included in lines 1a–1f | $61,640 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $934,560 |
| Total Program Service Revenue | $306,377 |
| Investment income | $7,945 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$49,526 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,199,356 |
| 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 | $572,611 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,087 |
| Payroll taxes | $53,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,396 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $95,340 |
| Office expenses | $17,041 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,519 |
| Travel | $102,021 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,574 |
| Interest | $31,451 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,754 |
| Insurance | $10,971 |
| All other expenses | $6,342 |
| Total functional expenses | $1,155,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $356,533 |
| Savings and temporary cash investments | $15,166 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,600 |
| 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 | $6,553 |
| Investments—publicly traded securities | $1,308,315 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $600 |
| Total assets | $1,710,767 |
| Accounts payable and accrued expenses | $64,384 |
| Grants payable | $0 |
| Deferred revenue | $75,988 |
| 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 | $140,372 |
| Net assets without donor restrictions | $957,081 |
| Net assets with donor restrictions | $613,314 |
| 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 | $1,710,767 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Symphony Orchestra Of Northwest Arkansas has recieved totaling $188,000.
| Awarding Organization | Amount |
|---|---|
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO SUPPORT PROGRAMMING AND CONTINUED ORGANIZATIONAL CAPACITY BUILDING. | $90,000 |
Wal-Mart Foundation Bentonville, AR PURPOSE: NORTHWEST ARKANSAS | $29,000 |
Alice L Walton Foundation Bentonville, AR PURPOSE: GENERAL OPERATING SUPPORT - ARTS/CULTURE | $25,000 |
Bozie Foundation Bentonville, AR PURPOSE: ARTS-MUSIC | $20,000 |
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Wal-Mart Foundation Bentonville, AR PURPOSE: EXECUTIVE MATCHING GIFT PROGRAM | $6,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kansas City Symphony Kansas City, MO | $64,822,369 | $17,397,853 |
Fort Worth Symphony Orchestra Association Inc Fort Worth, TX | $39,389,813 | $15,284,563 |
Saint Louis Symphony Endowment Trust Saint Louis, MO | $280,111,729 | $18,922,089 |
Nashville Symphony Association Nashville, TN | $100,031,908 | $12,366,678 |
Oklahoma Philharmonic Society Inc Oklahoma City, OK | $16,602,843 | $6,401,721 |
Austin Symphony Orchestra Society Austin, TX | $7,592,727 | $4,195,926 |
Knoxville Symphony Society Inc Knoxville, TN | $1,484,079 | $3,960,669 |
Memphis Symphony Orchestra Inc Memphis, TN | $6,274,797 | $4,582,397 |
Louisiana Philharmonic Orchestra New Orleans, LA | $3,918,513 | $4,011,115 |
Tulsa Symphony Orchestra Inc Tulsa, OK | $3,114,616 | $2,041,644 |
Amarillo Symphony Inc Amarillo, TX | $5,802,759 | $2,592,502 |
Chattanooga Symphony And Opera Association Chattanooga, TN | $2,736,698 | $2,680,505 |