Omaha Symphony Association
- Assets
- $71.0m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 195
- Location
- Omaha, NE
- Founding
- 10/1943
- Data as of
- 06/2021
- EIN
- 47-6039304
Organization Overview
Omaha Symphony Association is located in Omaha, NE. The organization was established in 1943. 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, Omaha Symphony Association employed 195 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Omaha Symphony Association 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 06/2021, Omaha Symphony Association generated $5.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $5.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH PEOPLE'S LIVES THROUGH THE EXHILARATING EXPERIENCE OF LIVE ORCHESTRAL MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2020/21 THE OMAHA SYMPHONY'S ACTIVITIES WERE DRAMATICALLY IMPACTED DUE TO THE COVID-19 PANDEMIC. THE OMAHA SYMPHONY SERVED ITS COMMUNITY WITH OVER 70 LIVE CONCERTS OFFERING A DIVERSE RANGE OF CLASSICAL AND POPULAR MUSIC FOR IN-PERSON AUDIENCES; DEVELOPED A SIGNIFICANT DIGITAL INITIATIVE THAT INCLUDED NETWORK TELEVISION BROADCAST AND THE LAUNCH OF SYMPHONYANYWHERE.COM; AND CREATED THE VIRTUAL CLASSROOM. THE OMAHA SYMPHONY SERVED MORE THAN 10,000 WITH IN PERSON EVENTS, OVER 100,000 THROUGH ITS DIGITAL INITIATIVES, AND NEARLY 60,000 IN ITS VIRTUAL CLASSROOM; EXCEEDING THE REACH OF A NORMAL SEASON.
OMAHA SYMPHONY EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS SERVE MORE THAN 30,000 PARTICIPANTS THROUGHOUT THE GREATER OMAHA METRO AREA, THE STATE OF NEBRASKA, AND WESTERN IOWA. DEEPLY COMMITTED TO ITS EDUCATIONAL ENDEAVORS, IN ANY GIVEN SEASON 30-35% OF THE ORCHESTRA'S SERVICES ARE DEDICATED TO EDUCATION, COMMUNITY ENGAGEMENT, AND FAMILY CONCERT EXPERIENCES. THE OMAHA SYMPHONY PROVIDES EDUCATIONAL PROGRAMS ANNUALLY FOR STUDENTS AGED PRE-K THROUGH HIGH SCHOOL. ADULT EDUCATION PROGRAMS INCLUDE PRE-CONCERT LECTURES AND CONDUCTING SEMINARS FOR MUSIC EDUCATORS. DURING THE PANDEMIC, THE ORCHESTRA DEVELOPED A VIRTUAL CLASSROOM, ENGAGING STUDENTS IN DIGITAL CONCERTS, A LEARNING LIBRARY, AND VIRTUAL VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer L Boomgaarden Ex Officio, President And CEO | Trustee | 60 | $206,169 |
Brett Hodge Ex Officio, Musician Representative | Trustee | 1 | $38,136 |
Christopher Hake Ex Officio, Orchestra Committee Chair | Trustee | 1 | $28,282 |
D David Slosburg Chairman Of The Board | OfficerTrustee | 3 | $0 |
David A Diamond Board Treasurer | OfficerTrustee | 1 | $0 |
Eric N Gurley Board Member | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,752,996 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,618,311 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,371,307 |
| Total Program Service Revenue | $429,552 |
| Investment income | $754,574 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,852,032 |
| 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. | $166,345 |
| Compensation of current officers, directors, key employees. | $166,345 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,750,466 |
| Pension plan accruals and contributions | $26,720 |
| Other employee benefits | $444,417 |
| Payroll taxes | $336,847 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,067 |
| Fees for services: Accounting | $102,711 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,768 |
| Advertising and promotion | $75,777 |
| Office expenses | $333,034 |
| Information technology | $54,247 |
| Royalties | $0 |
| Occupancy | $319,403 |
| Travel | $71,173 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,516 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,408 |
| Insurance | $15,214 |
| All other expenses | $19,938 |
| Total functional expenses | $5,658,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,421,207 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $13,738,153 |
| Accounts receivable, net | $354,082 |
| 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 | $143,382 |
| Net Land, buildings, and equipment | $677,401 |
| Investments—publicly traded securities | $54,646,039 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,894 |
| Total assets | $71,026,158 |
| Accounts payable and accrued expenses | $195,152 |
| Grants payable | $0 |
| Deferred revenue | $1,365,386 |
| 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 | $901,019 |
| Other liabilities | $0 |
| Total liabilities | $2,461,557 |
| Net assets without donor restrictions | $6,315,372 |
| Net assets with donor restrictions | $62,249,229 |
| 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 | $71,026,158 |
Grants Recieved
Over the last fiscal year, we have identified 25 grants that Omaha Symphony Association has recieved totaling $2,156,726.
| Awarding Organization | Amount |
|---|---|
Sherwood Foundation Omaha, NE PURPOSE: PERMANENTLY RESTRICTED ENDOWMENT FUND | $1,000,000 |
Walter Scott Family Foundation Omaha, NE PURPOSE: GENERAL OPERATING SUPPORT | $500,000 |
Nebraska Cultural Endowment Omaha, NE PURPOSE: GENERAL SUPPORT | $110,219 |
Centene Charitable Foundation St Louis, MO PURPOSE: PERMANENTLY RESTRICTED ENDOWMENT MATCH - MY 2019-2 | $100,000 |
Robert B Daugherty Foundation Omaha, NE PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $72,100 |
Endowment Analysis
| Beg. Balance | $42,033,376 |
| Earnings | $11,047,170 |
| Net Contributions | $2,057,638 |
| Other Expense | $500,000 |
| Ending Balance | $54,638,184 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kansas City Symphony Kansas City, MO | $64,822,369 | $17,397,853 |
Colorado Symphony Association Denver, CO | $12,961,781 | $18,715,868 |
Saint Louis Symphony Endowment Trust Saint Louis, MO | $280,111,729 | $18,922,089 |
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 |
Wichita Symphony Society Inc Wichita, KS | $8,512,602 | $2,677,998 |
Colorado Springs Philharmonic Orchestra Colorado Springs, CO | $3,792,415 | $1,751,968 |
The Symphony Fund Denver, CO | $76,088,728 | $4,099,144 |
Orchestra Iowa Inc Cedar Rapids, IA | $6,413,175 | $1,876,177 |
Boulder Philharmonic Orchestra Boulder, CO | $1,166,319 | $1,630,291 |