Fargo-Moorhead Orchestral
- Assets
- $390.8k
- Revenue
- $828.9k
- Investments
- $0.0
- Employees
- 79
- Location
- Fargo, ND
- Founding
- 05/1961
- Data as of
- 05/2022
- EIN
- 45-0275135
Organization Overview
Fargo-Moorhead Orchestral is located in Fargo, ND. 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 05/2022, Fargo-Moorhead Orchestral employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fargo-Moorhead Orchestral 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 05/2022, Fargo-Moorhead Orchestral generated $828.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $748.1k during the year ending 05/2022. 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 ENRICH OUR COMMUNITY THROUGH THE POWER OF LIVE MUSIC THAT EDUCATES, ENTERTAINS, AND INSPIRES. OUR GOALS SPAN EDUCATION AND ENGAGEMENT PROGRAMS, BEING A STRONG VOICE FOR THE ARTS THROUGH OUR ADVOCACY EFFORTS, FOCUSING ON THE ARTISTIC QUALITY OF THE ORCHESTRA, AND STRENGTHENING OUR FISCAL GROWTH AND SUSTAINABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FARGO-MOORHEAD SYMPHONY CONTINUES TO BE ONE OF THE PREMIERE ARTS ORGANIZATIONS IN THE REGION. MUSIC DIRECTOR CHRISTOPHER ZIMMERMAN, NOW IN HIS NINTH YEAR AT THE PODIUM, CONDUCTS FMSO IN ITS FIVE PAIRS OF MASTERWORKS CONCERTS AND LEADS OUR INTERNATIONAL CONDUCTOR SEMINAR. ASSOCIATE CONDUCTOR JANE LINDE CAPISTRAN CONDUCTS FMSO IN ITS EDUCATIONAL, FAMILY AND POPS CONCERTS. FMSO MUSICIANS CREATE INFORMAL, CHAMBER-ENSEMBLE PERFORMANCES MARKETED AS FUN-SIZE CONCERTS THROUGHOUT THE COMMUNITY. OUR EDUCATIONAL PROGRAMMING INCLUDES ANNUAL YOUNG PEOPLE'S CONCERTS (THREE PERFORMANCES DURING THE SCHOOL DAY FOR ALL 4TH GRADERS IN THE REGION), A FAMILY MATINEE CONCERT (SAME PROGRAMMING AS THE YOUNG PEOPLE'S CONCERTS OFFERED TO THE PUBLIC ON A SATURDAY AFTERNOON), AN ANNUAL YOUNG ARTISTS SOLO COMPETITION, AN INTERNATIONAL CONDUCTING SEMINAR, AND THE WELCOME TO A WORLD OF BEAUTIFUL MUSIC OUTREACH PROJECT TO CHILDREN AND SENIOR CITIZENS. ON ONE MASTERWORKS CONCERT EACH YEAR, WE WELCOME THE MUSICIANS OF THE FM AREA YOUTH SYMPHONIES' SENIOR HIGH ORCHESTRA TO OUR STAGE FOR A SIDE-BY-SIDE PERFORMANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Hegland Executive Director-Left April 2022 | Officer | 40 | $67,064 |
Mark Johnson Chair | OfficerTrustee | 1 | $0 |
Benjamin Zietz Vice Chair And Treasurer | OfficerTrustee | 1 | $0 |
Becky Gilbertson Secretary | OfficerTrustee | 1 | $0 |
Jane Linde Capistran Director | Trustee | 1 | $0 |
John Cox Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $223,076 |
| All other contributions, gifts, grants, and similar amounts not included above | $338,324 |
| Noncash contributions included in lines 1a–1f | $1,425 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $561,400 |
| Total Program Service Revenue | $178,718 |
| Investment income | $452 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,475 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $85,890 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $828,935 |
| 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. | $69,279 |
| Compensation of current officers, directors, key employees. | $41,567 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,402 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,484 |
| Payroll taxes | $31,895 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $280 |
| Fees for services: Accounting | $30,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,789 |
| Advertising and promotion | $24,210 |
| Office expenses | $10,694 |
| Information technology | $8,819 |
| Royalties | $0 |
| Occupancy | $13,380 |
| 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 | $1,058 |
| Insurance | $6,143 |
| All other expenses | $26,027 |
| Total functional expenses | $748,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,113 |
| Savings and temporary cash investments | $204,055 |
| Pledges and grants receivable | $2,200 |
| Accounts receivable, net | $85 |
| 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 | $1,415 |
| Net Land, buildings, and equipment | $41,255 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $135,696 |
| Total assets | $390,819 |
| Accounts payable and accrued expenses | $26,444 |
| Grants payable | $0 |
| Deferred revenue | $357 |
| 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 | $26,801 |
| Net assets without donor restrictions | $364,018 |
| Net assets with donor restrictions | $0 |
| 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 | $390,819 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Fargo-Moorhead Orchestral has recieved totaling $169,155.
| Awarding Organization | Amount |
|---|---|
Fargo-Moorhead Area Foundation Corporation Fargo, ND PURPOSE: GENERAL SUPPORT | $50,075 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $40,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $40,000 |
Sanford Sioux Falls, SD PURPOSE: ECONOMIC DEVELOPMENT | $20,000 |
The Arts Partnership Of The Red River Valley Fargo, ND PURPOSE: GENERAL OPERATING SUPPORT | $6,500 |
Arts Midwest Minneapolis, MN PURPOSE: ARP Relief Funding | $6,000 |
Endowment Analysis
| Beg. Balance | $829,806 |
| Other Expense | $829,806 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Orchestral Association Minneapolis, MN | $187,473,763 | $23,588,719 |
Saint Paul Chamber Orchestra Society St Paul, MN | $57,703,244 | $22,202,532 |
South Dakota Symphony Orchestra Sioux Falls, SD | $2,471,738 | $2,231,218 |
Billings Symphony Society Billings, MT | $4,831,498 | $2,161,521 |
Greater Twin Cities Youth Symphonies St Paul, MN | $1,493,786 | $1,297,904 |
Duluth-Superior Symphony Association Duluth, MN | $1,861,417 | $795,245 |
Helena Symphony Society Helena, MT | $351,537 | $815,895 |
Fargo-Moorhead Orchestral Fargo, ND | $390,819 | $828,935 |
Great Falls Symphony Asso Inc Great Falls, MT | $1,881,219 | $729,276 |
Bozeman Symphony Society Bozeman, MT | $828,625 | $908,996 |
Glacier Symphony And Chorale Inc Kalispell, MT | $525,029 | $674,842 |
Missoula Civic Symphony Association Missoula, MT | $866,121 | $720,309 |