Northwest Indiana Symphony Society Inc
- Assets
- $694.5k
- Revenue
- $458.3k
- Investments
- $0.0
- Employees
- 93
- Location
- Munster, IN
- Founding
- 08/1944
- Data as of
- 06/2021
- EIN
- 35-1359750
Organization Overview
Northwest Indiana Symphony Society Inc is located in Munster, IN. The organization was established in 1944. 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, Northwest Indiana Symphony Society Inc employed 93 individuals. This organization is the central organization for a national or regional group of organizations. Northwest Indiana Symphony Society 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 06/2021, Northwest Indiana Symphony Society Inc generated $458.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $355.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (16.9%) 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 NORTHWEST INDIANA SYMPHONY IS DEDICATED TO PROVIDING QUALITY ORCHESTRAL PROGRAMMING THAT PROMOTES OPPORTUNITIES FOR ENJOYMENT AND EXPANDS INTEREST IN AND UNDERSTANDING OF DIVERSE MUSIC. THE SYMPHONY IS A CULTURAL ASSET THAT SERVES AS A UNIFYING FORCE FOR NORTHWEST INDIANA COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION OF SYMPHONY CONCERTS FOR THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny Yalowitz VP Exhibits | OfficerTrustee | 1 | $0 |
Danette Garza VP Administr | OfficerTrustee | 1 | $0 |
Seda Turan VP Marketing | OfficerTrustee | 1 | $0 |
Leane Cerven President El | OfficerTrustee | 1 | $0 |
Marcia Glaros VP Developme | OfficerTrustee | 1 | $0 |
Jeremy Willett VP Governanc | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $150,314 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $117,658 |
| All other contributions, gifts, grants, and similar amounts not included above | $159,844 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $427,816 |
| Total Program Service Revenue | $14,644 |
| Investment income | $5,141 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,731 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $458,332 |
| 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. | $32,217 |
| Compensation of current officers, directors, key employees. | $32,217 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,090 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,650 |
| Payroll taxes | $15,430 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,586 |
| Office expenses | $2,640 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,092 |
| 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 | $249 |
| Insurance | $0 |
| All other expenses | $3,597 |
| Total functional expenses | $355,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,600 |
| Savings and temporary cash investments | $223,740 |
| Pledges and grants receivable | $4,433 |
| 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 | $8,701 |
| Net Land, buildings, and equipment | $327 |
| Investments—publicly traded securities | $288,355 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,361 |
| Other assets | $0 |
| Total assets | $694,517 |
| Accounts payable and accrued expenses | $6,047 |
| Grants payable | $0 |
| Deferred revenue | $83,000 |
| 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 | $52,322 |
| Other liabilities | $11,359 |
| Total liabilities | $152,728 |
| Net assets without donor restrictions | $541,789 |
| Net assets with donor restrictions | $0 |
| 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 | $694,517 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northwest Indiana Symphony Society Inc has recieved totaling $29,740.
| Awarding Organization | Amount |
|---|---|
Crown Point Community Foundation Inc Crown Point, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $29,740 |
Endowment Analysis
| Beg. Balance | $234,781 |
| Earnings | $52,869 |
| Admin Expense | $3,119 |
| Net Contributions | $3,825 |
| Ending Balance | $288,355 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Symphony Orchestra Chicago, IL | $576,700,123 | $109,905,535 |
Saint Louis Symphony Orchestra St Louis, MO | $77,659,859 | $61,304,520 |
Kansas City Symphony Kansas City, MO | $64,822,369 | $17,397,853 |
Milwaukee Symphony Orchestra Inc Milwaukee, WI | $122,941,209 | $33,243,126 |
Saint Louis Symphony Endowment Trust Saint Louis, MO | $280,111,729 | $18,922,089 |
Indiana Symphony Society Inc Indianapolis, IN | $13,063,766 | $26,550,940 |
The Louisville Orchestra Inc Louisville, KY | $7,756,568 | $11,516,592 |
Fort Wayne Philharmonic Orchestra Inc Fort Wayne, IN | $27,926,694 | $5,947,084 |
Madison Symphony Orchestra Inc Madison, WI | $6,807,074 | $3,792,114 |
Milwaukee Youth Symphony Orchestra Inc Milwaukee, WI | $9,958,210 | $2,491,222 |
Elgin Symphony Orchestra Assoc Elgin, IL | $718,957 | $2,098,094 |
Wisconsin Chamber Orchestra Inc Madison, WI | $6,414,052 | $3,173,196 |