Indianapolis Symphony Orchestra Foundation Inc

Organization Overview

Indianapolis Symphony Orchestra Foundation Inc is located in Indianapolis, IN. The organization was established in 1990. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indianapolis Symphony Orchestra Foundation 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 08/2021, Indianapolis Symphony Orchestra Foundation Inc generated $10.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $7.8m during the year ending 08/2021. While expenses have increased by 0.6% 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 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE INDIANAPOLIS SYMPHONY ORCHESTRA FOUNDATION, INC. (THE "ISO FOUNDATION") WAS FORMED IN SEPTEMBER 1990 FOR THE PURPOSE OF EDUCATING THE PUBLIC AND PROVIDING FINANCIAL AND OTHER SUPPORT TO THE INDIANA SYMPHONY SOCIETY, INC. (THE "SOCIETY"), AN INDIANA NOT-FOR-PROFIT CORPORATION THAT OPERATES THE INDIANAPOLIS SYMPHONY ORCHESTRA. IT IS THE GENERAL PRACTICE OF THE SOCIETY TO TRANSFER CONTRIBUTIONS RAISED, OTHER THAN ANNUAL FUND CONTRIBUTIONS, TO THE ISO FOUNDATION UNLESS A DONOR SPECIFICALLY REQUIRES THE CONTRIBUTION TO BE MAINTAINED BY THE SOCIETY. ALL FUNDRAISING EXPENSES ARE RECORDED AND REPORTED IN THE SOCIETY'S ACCOUNTS.

Describe the Organization's Program Activity:

PROVIDE SUPPORT TO INDIANA SYMPHONY SOCIETY, INC.


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Board, Officers & Key Employees

Name (title)Compensation
Jill Margetts
Treasurer
$0
Robert D Ramsey
Secretary
$0
John R Thornburgh
Chair
$0
Scott Davis
Director
$0
Tom Grein
Director
$0
Mark Mutz
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cambridge Associates Llc
Investment Advisor
$187,500
Partners Group
Money Manager
$138,266
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$294,518
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$294,518
Total Program Service Revenue$1,250,000
Investment income $1,358,248
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $7,596,027
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,534,808

Grants Awarded

Over the last fiscal year, Indianapolis Symphony Orchestra Foundation Inc has awarded $7,781,540 in support to 2 organizations.

Grant RecipientAmount

INDIANA SYMPHONY SOCIETY INC

Org PageRecipient Profile

Indianapolis, IN

PURPOSE: TO FUND OPERATING EXPENSES, RENT, EDUCATION, AND ARTISTIC ENDEAVORS.

$7,771,927

INDIANAPOLIS SYMPHONY ORCHESTRA ASSOCIATION

Org PageRecipient Profile

Indianapolis, IN

PURPOSE: TO FUND THE MAURER YOUNG MUSICIAN CONTEST

$9,613
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Indianapolis Symphony Orchestra Foundation Inc has recieved totaling $2,000.

Awarding OrganizationAmount
Zink Family Foundation Inc

Indianapolis, IN

PURPOSE: TO SUPPORT GENERAL OPERATIONS

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$37,571,663
Earnings$3,743,298
Net Contributions$55,998
Ending Balance$41,370,959

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