Ashland Symphony Orchestra Association
- Assets
- $436.3k
- Revenue
- $182.9k
- Investments
- $191.5k
- Employees
- 6
- Location
- Ashland, OH
- Founding
- 11/1977
- Data as of
- 06/2021
- EIN
- 34-1238989
Organization Overview
Ashland Symphony Orchestra Association is located in Ashland, OH. 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 06/2021, Ashland Symphony Orchestra Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ashland Symphony Orchestra Association 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, Ashland Symphony Orchestra Association generated $182.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $103.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (11.4%) per year over the past 6 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 ASHLAND SYMPHONY ORCHESTRA ASPIRES TO BECOME A LEADING ARTS ORGANIZATION IN NORTH CENTRAL OHIO KNOWN FOR HIGH QUALITY, AFFORDABLE PERFORMANCES AND COMMUNITY OUTREACH PROGRAMS THAT IMPACT AUDIENCES FROM ASHLAND COUNTY AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASHLAND SYMPHONY ORCHESTRA ASPIRES TO BECOME A LEADING ARTS ORGANIZATION IN NORTH CENTRAL OHIO KNOWN FOR HIGH QUALITY, AFFORDABLE PERFORMANCES AND COMMUNITY OUTREACH PROGRAMS THAT IMPACT AUDIENCES FROM ASHLAND COUNTY AND BEYOND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha A Buckner Executive Di | OfficerTrustee | 40 | $41,400 |
Rev Tom Snyder President | OfficerTrustee | 0.5 | $0 |
Susan Gregg Vice Preside | OfficerTrustee | 0.5 | $0 |
Betsy Chapman Treasurer | OfficerTrustee | 0.5 | $0 |
Rebecca Owens Secretary | OfficerTrustee | 0.5 | $0 |
Rev Eric Abel Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $156,421 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,621 |
| Total Program Service Revenue | $1,500 |
| Investment income | $5,163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,703 |
| Net Income from Fundraising Events | $1,259 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $182,931 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $41,400 |
| Compensation of current officers, directors, key employees. | $13,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,974 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,318 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,363 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $647 |
| Fees for services: Other | $1,435 |
| Advertising and promotion | $2,104 |
| Office expenses | $3,536 |
| Information technology | $5,073 |
| Royalties | $0 |
| Occupancy | $14 |
| Travel | $1,333 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $437 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $362 |
| Insurance | $2,231 |
| All other expenses | $1,810 |
| Total functional expenses | $103,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,344 |
| Savings and temporary cash investments | $185,486 |
| 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 | $4,046 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $191,467 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $436,343 |
| Accounts payable and accrued expenses | $1,352 |
| Grants payable | $0 |
| Deferred revenue | $100,729 |
| 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 | $102,081 |
| Net assets without donor restrictions | $233,533 |
| Net assets with donor restrictions | $100,729 |
| 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 | $436,343 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ashland Symphony Orchestra Association has recieved totaling $6,149.
| Awarding Organization | Amount |
|---|---|
Samaritan Hospital Foundation Ashland, OH PURPOSE: REFER TO PART IV | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $149 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Musical Arts Association Cleveland, OH | $284,635,926 | $54,210,898 |
Cincinnati Symphony Orchestra Cincinnati, OH | $298,354,425 | $55,153,223 |
Philadelphia Orchestra Association Philadelphia, PA | $211,538,479 | $41,118,272 |
Detroit Symphony Orchestra Hall Inc Detroit, MI | $97,503,520 | $29,874,628 |
Pittsburgh Symphony Inc Pittsburgh, PA | $194,466,393 | $30,739,984 |
Grand Rapids Symphony Society Grand Rapids, MI | $6,657,585 | $10,068,479 |
Indiana Symphony Society Inc Indianapolis, IN | $13,063,766 | $26,550,940 |
The Louisville Orchestra Inc Louisville, KY | $7,756,568 | $11,516,592 |
Columbus Symphony Orchestra Inc Columbus, OH | $23,849,025 | $7,378,126 |
Fort Wayne Philharmonic Orchestra Inc Fort Wayne, IN | $27,926,694 | $5,947,084 |
Dayton Performing Arts Alliance Dayton, OH | $10,536,333 | $6,130,805 |
Kalamazoo Symphony Orchestra Kalamazoo, MI | $22,806,442 | $2,938,902 |