Newark Symphony Orchestra Inc
- Assets
- $243.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, DE
- Founding
- 07/1980
- Data as of
- 06/2022
- EIN
- 51-0232073
Organization Overview
Newark Symphony Orchestra Inc is located in Newark, DE. The organization was established in 1980. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newark 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, Newark Symphony Orchestra Inc generated $105.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $99.6k during the year ending 06/2022. While expenses have increased by 2.7% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Simeone Tartaglione Music Director | 10 | $30,000 | |
Roxanne Rust Business Manager | 15 | $13,757 | |
Karen Rosenberg President | 6 | $0 | |
Michael Smith Grant Coordinator | 2 | $0 | |
Sally Cornell President - Friends Of The Nso | 2 | $0 | |
Fernando Serrano Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,630 |
| Total Program Service Revenue | $9,960 |
| Membership dues | $0 |
| Investment income | $3,713 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $20,710 |
| Total Revenue | $105,013 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $13,757 |
| Professional fees and other payments to independent contractors | $50,010 |
| Occupancy, rent, utilities, and maintenance | $4,104 |
| Printing, publications, postage, and shipping | $3,166 |
| Other expenses | $28,606 |
| Total expenses | $99,643 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $232,499 |
| Other assets | $0 |
| Total assets | $243,107 |
| Total liabilities | $1,473 |
| Net assets or fund balances | $241,634 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Newark Symphony Orchestra Inc has recieved totaling $1,207.
| Awarding Organization | Amount |
|---|---|
Caulkins Family Foundation Denver, CO PURPOSE: SUPPORT EXEMPT PURPOSE | $500 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $400 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $307 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Philharmonic Orchestra & Chorale Of Mongomery County Inc North Bethesda, MD | $1,849,727 | $2,888,620 |
Harrisburg Symphony Association Harrisburg, PA | $13,261,535 | $3,046,479 |
Allentown Symphony Association Inc Allentown, PA | $15,521,853 | $2,408,487 |
Philadelphia Youth Orchestra Philadelphia, PA | $1,696,190 | $1,961,434 |
Princeton Symphony Orchestra Inc Princeton, NJ | $11,470,025 | $3,029,525 |
Reading Symphony Orchestra Assn Reading, PA | $2,131,744 | $1,809,021 |
Annapolis Symphony Orchestra Association Inc Annapolis, MD | $7,107,921 | $5,168,158 |
Delaware Symphony Association Wilmington, DE | $2,036,217 | $1,506,268 |
Erie Philharmonic Erie, PA | $4,500,246 | $2,304,109 |
Johnstown Symphony Orchestra Johnstown, PA | $1,355,239 | $1,000,958 |
Symphony In C A New Jersey Non Profit Corporation Collingswood, NJ | $796,545 | $1,070,898 |
York Symphony Orchestra York, PA | $7,471,090 | $968,289 |