South Dakota Symphony Orchestra
- Assets
- $2.5m
- Revenue
- $2.2m
- Investments
- $484.0k
- Employees
- 142
- Location
- Sioux Falls, SD
- Founding
- 06/1967
- Data as of
- 06/2020
- EIN
- 46-6017026
Organization Overview
South Dakota Symphony Orchestra is located in Sioux Falls, SD. The organization was established in 1967. 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 06/2021, South Dakota Symphony Orchestra employed 142 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Dakota 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 06/2020, South Dakota Symphony Orchestra generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $2.3m during the year ending 06/2020. While expenses have increased by 5.9% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AN UNDERSTANDING & APPRECIATION OF THE ART OF MUSIC THROUGH EDUCATION AND CONCERTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOUTH DAKOTA SYMPHONY ORCHESTRA FULFILLED ITS MISSION OF ENRICHING LIVES THROUGH LIVE MUSIC PERFORMANCE GIVEN THE CHALLENGE THE COVID-19 PANDEMIC PRESENTED FOR GATHERING AUDIENCES AND MUSICIANS TOGETHER FOR IN-PERSON CONCERTS. THE SDSO MAINTAINED ITS COMMITMENT TO KEEP THE MUSIC GOING FOR AUDIENCES OF ALL AGES BY LAUNCHING A DIGITAL LIBRARY OF RECITALS, CLASSICAL MUSIC TALKS, MUSIC EDUCATION VIDEOS, STREAMED EDUCATION AND ENGAGEMENT PROGRAMS, AND LIVE CONCERTS WITH A SMALLER, PHYSICALLY DISTANCED AND MASKED ORCHESTRA AND AUDIENCE. IN SPITE OF THE OBSTACLES OF THE PANDEMIC DURING FISCAL YEAR 2021, THE SDSO PERFORMED 11 ORCHESTRA CONCERTS, HALF OF WHICH WERE LIVESTREAMED FOR AUDIENCES WHO COULD NOT ATTEND IN PERSON, AND 3 CHAMBER MUSIC CONCERTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Teisinger Executive Director | Officer | 50 | $118,308 |
Jack Marsh Secretary | OfficerTrustee | 2 | $0 |
Scott Lawrence President | OfficerTrustee | 10 | $0 |
Allison Suttle Vice President (thru Dec. 2020) | OfficerTrustee | 2 | $0 |
Dave Flicek Vice President (as Of Jan. 2021) | OfficerTrustee | 2 | $0 |
James Moore Past President | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,577,161 |
| Investment income | $19,161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $61,405 |
| Net Income from Fundraising Events | $4,312 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,231,218 |
| Statement of Expenses | |
|---|---|
| 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. | $185,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $907,697 |
| Pension plan accruals and contributions | $10,365 |
| Other employee benefits | $79,056 |
| Payroll taxes | $80,544 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,102 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $28,536 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $494,226 |
| Advertising and promotion | $97,270 |
| Office expenses | $74,962 |
| Information technology | $16,574 |
| Royalties | $0 |
| Occupancy | $18,360 |
| Travel | $169,762 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $464 |
| Interest | $1,309 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,568 |
| Insurance | $25,889 |
| All other expenses | $0 |
| Total functional expenses | $2,315,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $527,448 |
| Pledges and grants receivable | $990,622 |
| Accounts receivable, net | $33,678 |
| 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 | $46,732 |
| Investments—publicly traded securities | $320,488 |
| Investments—other securities | $484,043 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,471,738 |
| Accounts payable and accrued expenses | $81,369 |
| Grants payable | $0 |
| Deferred revenue | $248,136 |
| 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 | $234,307 |
| Other liabilities | $0 |
| Total liabilities | $563,812 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,907,926 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that South Dakota Symphony Orchestra has recieved totaling $174,609.
| Awarding Organization | Amount |
|---|---|
Sanford Sioux Falls, SD PURPOSE: ECONOMIC DEVELOPMENT | $85,000 |
South Dakota Community Foundation Pierre, SD PURPOSE: Community welfare and betterment | $71,833 |
Dakota Charitable Foundation Inc Rapid City, SD PURPOSE: CHARITABLE | $8,000 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: ARTS AND CULTURE GRANT | $7,000 |
Eugene & Agnes E Meyer Foundation Washington, DC PURPOSE: TO SUPPORT GENERAL OPERATIONS IN MEMORY OF KARI DEN OTTER | $2,500 |
Piper Jaffray Foundation Minneapolis, MN PURPOSE: GIFT MATCHING PAYMENTS | $250 |
Endowment Analysis
| Beg. Balance | $785,650 |
| Earnings | $294,253 |
| Net Contributions | $25,000 |
| Other Expense | $120,640 |
| Ending Balance | $984,263 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Paul Chamber Orchestra Society St Paul, MN | $57,703,244 | $22,202,532 |
Omaha Symphony Association Omaha, NE | $71,026,158 | $5,852,032 |
Des Moines Symphony Association Des Moines, IA | $12,208,795 | $2,653,432 |
South Dakota Symphony Orchestra Sioux Falls, SD | $2,471,738 | $2,231,218 |
Quad City Symphony Orchestra Association Davenport, IA | $1,491,842 | $2,535,869 |
Billings Symphony Society Billings, MT | $4,831,498 | $2,161,521 |
Orchestra Iowa Inc Cedar Rapids, IA | $6,413,175 | $1,876,177 |
Greater Twin Cities Youth Symphonies St Paul, MN | $1,493,786 | $1,297,904 |
Lincoln Orchestra Association Lincoln, NE | $428,990 | $1,300,084 |
Dubuque Symphony Orchestra Dubuque, IA | $3,373,289 | $1,369,482 |
Duluth-Superior Symphony Association Duluth, MN | $1,861,417 | $795,245 |
Sioux City Symphony Orchestra Association Sioux City, IA | $4,671,990 | $1,267,585 |