Kalamazoo Symphony Orchestra
- Assets
- $23.6m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 294
- Location
- Kalamazoo, MI
- Founding
- 04/1958
- Data as of
- 08/2023
- EIN
- 38-6005710
Organization Overview
Kalamazoo Symphony Orchestra is located in Kalamazoo, MI. The organization was established in 1958. 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 08/2023, Kalamazoo Symphony Orchestra employed 294 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kalamazoo Symphony Orchestra 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 08/2023, Kalamazoo Symphony Orchestra generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $3.5m during the year ending 08/2023. While expenses have increased by 0.4% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE KALAMAZOO SYMPHONY ORCHESTRA IS TO SERVE OUR COMMUNITY THROUGH OUTSTANDING MUSICAL LISTENING AND LEARNING EXPERIENCES.
Describe the Organization's Program Activity:
PRESENTATION OF OVER FORTY EVENTS EACH YEAR, INCLUDING SIX SEASON SUBSCRIPTION CONCERTS AND RELATED ACTIVITIES, EDUCATIONAL CONCERTS, LECTURES, CHAMBER CONCERTS, POPS CONCERTS AND FAMILY CONCERTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Mallow Gulley Executive Di | OfficerTrustee | 40 | $120,987 |
Julian Kuerti Music Direct | OfficerTrustee | 5 | $70,811 |
Renee Pearl President | OfficerTrustee | 5 | $0 |
Curtis Hall President El | OfficerTrustee | 5 | $0 |
Thomas L Drews Treasurer | OfficerTrustee | 5 | $0 |
Patricia Kenter Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $661 |
| Fundraising events | $40,425 |
| Related organizations | $0 |
| Government grants | $72,048 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,762,655 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,875,789 |
| Total Program Service Revenue | $421,809 |
| Investment income | $317,149 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $105 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$280 |
| Net Income from Fundraising Events | -$19,755 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,628,015 |
| 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. | $192,157 |
| Compensation of current officers, directors, key employees. | $130,846 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,663,194 |
| Pension plan accruals and contributions | $49,424 |
| Other employee benefits | $105,749 |
| Payroll taxes | $148,060 |
| Fees for services: Management | $12,756 |
| Fees for services: Legal | $30,784 |
| Fees for services: Accounting | $17,452 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $118,133 |
| Advertising and promotion | $126,998 |
| Office expenses | $51,507 |
| Information technology | $111,267 |
| Royalties | $0 |
| Occupancy | $147,388 |
| Travel | $149,127 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,455 |
| Insurance | $20,257 |
| All other expenses | $38,706 |
| Total functional expenses | $3,547,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $756,057 |
| Savings and temporary cash investments | $258,269 |
| Pledges and grants receivable | $137,219 |
| Accounts receivable, net | $92,976 |
| 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 | $58,153 |
| Net Land, buildings, and equipment | $403,063 |
| Investments—publicly traded securities | $21,910,209 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,000 |
| Total assets | $23,631,946 |
| Accounts payable and accrued expenses | $203,236 |
| Grants payable | $0 |
| Deferred revenue | $255,483 |
| 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 | $16,000 |
| Total liabilities | $474,719 |
| Net assets without donor restrictions | $15,841,407 |
| Net assets with donor restrictions | $7,315,820 |
| 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 | $23,631,946 |