Fort Wayne Philharmonic Orchestra Inc

Organization Overview

Fort Wayne Philharmonic Orchestra Inc is located in Fort Wayne, IN. The organization was established in 1951. 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 08/2021, Fort Wayne Philharmonic Orchestra Inc employed 194 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Wayne 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 08/2020, Fort Wayne Philharmonic Orchestra Inc generated $5.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $5.5m during the year ending 08/2020. While expenses have increased by 3.3% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO FOSTER AND INSPIRE A LIFELONG LOVE OF CLASSICAL MUSIC THROUGH PERFORMANCE AND EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FORT WAYNE PHILHARMONIC ORCHESTRA IS A CIVIC NOT-FOR-PROFIT ORGANIZATION. THEIR PRIMARY FUNCTION IS TO PROVIDE MUSICAL ENTERTAINMENT AND EDUCATION FOR THE COMMUNITY. THEIR CONCERT SEASON IS APPROXIMATELY 28 WEEKS LONG. IN FISCAL YEAR 2021, THE SEASON WAS CUT SHORT DUE TO THE COVID-19 PANDEMIC. THE TOTAL INDIVIDUALS SERVED IN THE COMMUNITY WAS SIGNIFICANTLY REDUCED BY THE STAY AT HOME GOVERNMENTAL ORDER. MOST PROGRAMS WERE NOT RESUMED UNTILL THE SUMMER CONCERTS THAT WERE HELD JUNE THROUGH AUGUST.


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$3,745,522
Investment income $625,031
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $486,942
Net Income from Fundraising Events -$3,536
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,947,084

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Fort Wayne Philharmonic Orchestra Inc has recieved totaling $2,000.

Awarding OrganizationAmount
Tim And Libby Ash Family Foundation Inc

Fort Wayne, IN

PURPOSE: TO SUPPORT MUSIC APPRECIATION

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$23,255,983
Earnings$4,753,232
Net Contributions$9,298
Other Expense$71,752
Ending Balance$27,946,761

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