Lansing Symphony Association Inc
- Assets
- $1.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 146
- Location
- Lansing, MI
- Founding
- 04/1945
- Data as of
- 06/2022
- EIN
- 38-6072025
Organization Overview
Lansing Symphony Association Inc is located in Lansing, MI. The organization was established in 1945. 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, Lansing Symphony Association Inc employed 146 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lansing Symphony Association 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, Lansing Symphony Association Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 0.0% 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
TO PROMOTE, FOSTER, AND MAINTAIN THE INTEREST OF THE PEOPLE IN MUSIC THROUGH CONCERTS AND EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONCERTS TO PROMOTE, FOSTER AND MAINTAIN THE INTEREST OF THE PEOPLE IN SYMPHONIC AND CHAMBER MUSIC.
EDUCATION AND OUTREACH: MENTOR PROGRAM, A SCHOOL-TO-WORK ACTIVITY FOR HIGH SCHOOL STUDENTS INVOLVING MENTORING SESSIONS AND JOINT CONCERTS. YOUNG PEOPLES CONCERTS, FREE CONCERTS FOR AREA 4TH, 5TH AND 6TH GRADERS TO BUILD AN INTEREST IN MUSIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karlis Austrins Director | Trustee | 1 | $0 |
Jenny Bond Director | Trustee | 1 | $0 |
Chris Buck Director | Trustee | 1 | $0 |
Bruce Caltrider Director | Trustee | 1 | $0 |
Sue Coley Director | Trustee | 1 | $0 |
Kris Drake Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $598 |
| Membership dues | $520 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $474,902 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,098,659 |
| Noncash contributions included in lines 1a–1f | $6,083 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,574,679 |
| Total Program Service Revenue | $294,208 |
| Investment income | $1,990 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $100,929 |
| Net Income from Gaming Activities | $20,411 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,016,717 |
| 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. | $101,110 |
| Compensation of current officers, directors, key employees. | $24,044 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $522,222 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $105,998 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,372 |
| Advertising and promotion | $174,035 |
| Office expenses | $76,480 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,737 |
| Travel | $26,587 |
| 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 | $8,351 |
| Insurance | $3,815 |
| All other expenses | $0 |
| Total functional expenses | $1,215,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $840,072 |
| Savings and temporary cash investments | $22,613 |
| Pledges and grants receivable | $443,508 |
| 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 | $0 |
| Net Land, buildings, and equipment | $33,791 |
| Investments—publicly traded securities | $26,673 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,366,657 |
| Accounts payable and accrued expenses | $25,991 |
| Grants payable | $0 |
| Deferred revenue | $11,974 |
| 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 | $37,965 |
| Net assets without donor restrictions | $821,519 |
| Net assets with donor restrictions | $507,173 |
| 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 | $1,366,657 |