Ludwig Symphony Orchestra Inc
- Assets
- $1.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, GA
- Founding
- 05/2003
- Data as of
- 06/2023
- EIN
- 35-2184936
Organization Overview
Ludwig Symphony Orchestra Inc is located in Duluth, GA. The organization was established in 2003. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, 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. Ludwig Symphony 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 06/2023, Ludwig Symphony Orchestra Inc generated $16.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $19.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Ludwig Chairman | 0 | $14,000 | |
Tim Spaid Vice Preside | 0 | $0 | |
Vivian Chen Secretary | 0 | $0 | |
Jinmin Lee Treasurer | 0 | $0 | |
Heather Vicenty Board Member | 0 | $0 | |
Kathy Merrill Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,165 |
| Total Program Service Revenue | $13,558 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $16,723 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,250 |
| Occupancy, rent, utilities, and maintenance | $3,800 |
| Printing, publications, postage, and shipping | $1,420 |
| Other expenses | $12,665 |
| Total expenses | $19,135 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,261 |
| Other assets | $0 |
| Total assets | $1,261 |
| Total liabilities | $11,212 |
| Net assets or fund balances | -$9,951 |