Richmond Symphony Orchestra Association
- Assets
- $1.9m
- Revenue
- $512.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Richmond, IN
- Founding
- 08/1961
- Data as of
- 06/2022
- EIN
- 35-6042479
Organization Overview
Richmond Symphony Orchestra Association is located in Richmond, IN. The organization was established in 1961. 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 06/2022, Richmond Symphony Orchestra Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richmond 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 06/2022, Richmond Symphony Orchestra Association generated $512.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $420.5k during the year ending 06/2022. While expenses have increased by 2.2% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SHAPE THE CULTURAL LIFE OF OUR REGION BY DELIVERING EXCEPTIONAL, INCLUSIVE MUSIC EXPERIENCES THAT ENRICH, ENTERTAIN AND EDUCATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NUMEROUS MUSICAL PRODUCTIONS AND RELATED ACTIVITIES WERE PRESENTED BY THE SYMPHONY THROUGHOUT ONE SEASON AND THOUSANDS IN THE COMMUNITY BENEFITED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Carter President | OfficerTrustee | 1 | $0 |
Leslie Bolser Vice-Preside | OfficerTrustee | 1 | $0 |
John Zetzl Secretary | OfficerTrustee | 1 | $0 |
Marty Van Der Burgt Treasurer | OfficerTrustee | 1 | $0 |
Tom Alberts Director | Trustee | 1 | $0 |
Michael Buchholz Director | Trustee | 1 | $0 |
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 | $288,428 |
| Noncash contributions included in lines 1a–1f | $3,683 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $288,428 |
| Total Program Service Revenue | $49,939 |
| Investment income | $52,265 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,444 |
| Net Income from Fundraising Events | $116,197 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $512,304 |
| 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. | $47,050 |
| Compensation of current officers, directors, key employees. | $30,192 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,542 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,250 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,905 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,523 |
| Fees for services: Other | $195,570 |
| Advertising and promotion | $13,049 |
| Office expenses | $29,810 |
| Information technology | $0 |
| Royalties | $642 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,100 |
| Insurance | $2,975 |
| All other expenses | $5,041 |
| Total functional expenses | $420,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $364,265 |
| Pledges and grants receivable | $23,000 |
| 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 | $5,577 |
| Net Land, buildings, and equipment | $32,063 |
| Investments—publicly traded securities | $393,390 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,102,059 |
| Total assets | $1,920,554 |
| Accounts payable and accrued expenses | $28,211 |
| Grants payable | $0 |
| Deferred revenue | $27,080 |
| 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 | $55,291 |
| Net assets without donor restrictions | $1,818,838 |
| Net assets with donor restrictions | $46,425 |
| 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 | $1,920,554 |