Ann Arbor Symphony Orchestra Inc
- Assets
- $3.7m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 190
- Location
- Ann Arbor, MI
- Founding
- 06/1966
- Data as of
- 06/2022
- EIN
- 38-6069701
Organization Overview
Ann Arbor Symphony Orchestra Inc is located in Ann Arbor, MI. The organization was established in 1966. According to its NTEE Classification (A19) the organization is classified as: Support N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Ann Arbor Symphony Orchestra Inc employed 190 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ann Arbor 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 06/2022, Ann Arbor Symphony Orchestra Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 2.9% 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
THE ANN ARBOR SYMPHONY ORCHESTRA IS PASSIONATELY COMMITTED TO ENRICHING THE CULTURE OF THE REGION. WE FOSTER A GROWING APPRECIATION FOR ORCHESTRAL MUSIC AND REGIONAL MUSICIANS THROUGH IMAGINATIVE PROGRAMMING AND COMMUNITY INVOLVEMENT, INSPIRING AND EDUCATING A DIVERSE AUDIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTS THE COMMUNITY AND SURROUNDING COUNTIES BY PROVIDING A RESIDENT, PROFESSIONAL ORCHESTRA TO SUPPORT AND FOSTER AN ENVIRONMENT IN WHICH THE ARTS CAN THRIVE. CONDUIT FOR CONCERT AND ENSEMBLE PERFORMANCES.
EDUCATION IN THE PERFORMANCE ARTS, SPECIFICALLY MUSIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyler Rand Ended Past Executi | OfficerTrustee | 40 | $87,170 |
Sarah E Calderini Executive Of | OfficerTrustee | 40 | $7,646 |
Roderick J Little VP Artistic | OfficerTrustee | 3 | $0 |
Carol A Sewell President | OfficerTrustee | 5 | $0 |
Constance A Bridges VP Developme | OfficerTrustee | 2 | $0 |
Jeffrey S Mckelvey VP Education | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $61,090 |
| Related organizations | $0 |
| Government grants | $681,417 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,103,110 |
| Noncash contributions included in lines 1a–1f | $1,048 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,845,617 |
| Total Program Service Revenue | $528,235 |
| Investment income | $44,207 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $136,116 |
| Net Income from Fundraising Events | $13,714 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,567,889 |
| 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. | $113,155 |
| Compensation of current officers, directors, key employees. | $90,524 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $810,003 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,348 |
| Payroll taxes | $71,070 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,983 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,000 |
| Fees for services: Other | $50,671 |
| Advertising and promotion | $37,738 |
| Office expenses | $59,171 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $100,793 |
| Travel | $20,988 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,379 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,940 |
| Insurance | $7,862 |
| All other expenses | $21,663 |
| Total functional expenses | $1,575,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,647 |
| Savings and temporary cash investments | $768,057 |
| Pledges and grants receivable | $202,698 |
| Accounts receivable, net | $104,959 |
| 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 | $20,398 |
| Net Land, buildings, and equipment | $15,102 |
| Investments—publicly traded securities | $2,517,053 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,657,914 |
| Accounts payable and accrued expenses | $31,704 |
| Grants payable | $0 |
| Deferred revenue | $291,002 |
| 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 | $322,706 |
| Net assets without donor restrictions | $925,148 |
| Net assets with donor restrictions | $2,410,060 |
| 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 | $3,657,914 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ann Arbor Symphony Orchestra Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Roof Family Foundation Inc Ann Arbor, MI PURPOSE: CHARITABLE CONTRIBUTION | $3,000 |
Endowment Analysis
| Beg. Balance | $1,751,495 |
| Earnings | -$260,456 |
| Net Contributions | $596,969 |
| Other Expense | $260,456 |
| Ending Balance | $2,348,464 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connecticut Association For The Performing Arts Columbus, OH | $17,900,822 | $9,227,744 |
Pro Musica Chamber Orchestra Of Columbus Inc Columbus, OH | $5,145,950 | $3,041,933 |
Ann Arbor Symphony Orchestra Inc Ann Arbor, MI | $3,657,914 | $2,567,889 |
Discovery Center Great Lakes Traverse City, MI | $6,353,377 | $976,955 |
Zoras House Inc Columbus, OH | $407,394 | $621,638 |
The Players Detroit, MI | $722,251 | $202,772 |
Foundation For Art And Music In Elementary Education Inc Fort Wayne, IN | $265,806 | $177,296 |
Gerald A Bartell Community Theatre Foundation Inc Madison, WI | $482,486 | $169,632 |
Farmington Players Inc Farmington Hills, MI | $1,222,199 | $6,223 |
Irish Restoration Association Inc Munroe Falls, OH | $169,930 | $0 |
Theater Bus Incorporated Madison, WI | $139,242 | $0 |
Lakewood Educational Foundation Lake Odessa, MI | $489,985 | $0 |