The Loudoun Symphony Association Inc
- Assets
- $106.1k
- Revenue
- $230.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Leesburg, VA
- Founding
- 05/1992
- Data as of
- 06/2022
- EIN
- 54-1575633
Organization Overview
The Loudoun Symphony Association Inc is located in Leesburg, VA. The organization was established in 1992. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, 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. Loudoun 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, Loudoun Symphony Association Inc generated $230.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $224.2k during the year ending 06/2022. While expenses have increased by 2.6% 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 ENRICH THE CULTURAL CLIMATE OF THE LOUDOUN COUNTY COMMUNITY THROUGH FINE MUSICAL PERFORMANCES AND MUSIC EDUCATION ENRICHMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOUDOUN SYMPHONY ORCHESTRA(LSO)SUBSCRIPTION CONCERTS - AS COVID RESTRICTIONS WERE RELAXED, WE PRESENTED FIVE LIVE ORCHESTRA CONCERTS DURING THE YEAR. WE ALSO PRESENTED A SERIES OF VIRTUAL CONCERT VIDEOS ONLINE. THE ORCHESTRA HAS APPROXIMATELY 65 PROFESSIONALLY-TRAINED AND COMMUNITY MUSICIANS. TEN PRINCIPAL STRINGS MUSICIANS AS WELL AS ALL WINDS AND PERCUSSION MUSICIANS RECEIVE A PER-SERVICE HONORARIUM.
ONLINE VIDEO CONCERT SERIES PRODUCTION AND ASSOCIATED COSTS OF MUSICIANS AND STAFF.
LOUDOUN SYMPHONY YOUTH ORCHESTRA(LSYO)CONCERT SEASON PROVIDED PERFORMANCE OPPORTUNITIES AND EDUCATIONAL SERVICES FOR ABOUT 100 MUSICIANS BETWEEN THE AGES OF 8-18 WHO PARTICIPATE IN ONE OF THREE ORCHESTRAS BASED ON SKILL LEVEL, EACH LED BY A PROFESSIONAL CONDUCTOR. PARTICIPATION IS BY AUDITION AND SUBJECT TO AN ANNUAL TUITION FEE. SCHOLARSHIPS ARE ALSO PROVIDED BASED ON FINANCIAL NEED. THE LSYO PRESENTED THREE LIVE CONCERTS THIS YEAR. WE ALSO OFFERED A WEEK-LONG SUMMER ORCHESTRAL INSTITUTE WITH INTENSIVE PRACTICE AND PERFORMANCE OPPORTUNITIES FOR OUR YOUTH MUSICIANS.
CONTRACT PERFORMANCES - AN ENSEMBLE OF LSO MEMBERS PERFORMED A CONTRACT CONCERT FOR THE HUNT COUNTRY MUSIC FESTIVAL OF MIDDLEBURG, VA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Banner President | OfficerTrustee | 22 | $0 |
Michelle Rippey Vice Preside | OfficerTrustee | 6 | $0 |
Sheryl F Rader Treasurer | OfficerTrustee | 2 | $0 |
Anne Nouri Member | Trustee | 0 | $0 |
Lisa Brackenbury Member | Trustee | 0.25 | $0 |
Malcolm Mcdonald Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,856 |
| All other contributions, gifts, grants, and similar amounts not included above | $129,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,706 |
| Total Program Service Revenue | $90,694 |
| Investment income | $8 |
| 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 | $230,829 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $53,415 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $117,073 |
| Advertising and promotion | $5,024 |
| Office expenses | $3,327 |
| Information technology | $384 |
| Royalties | $0 |
| Occupancy | $3,260 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $204 |
| Interest | $279 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $719 |
| Insurance | $1,481 |
| All other expenses | $1,030 |
| Total functional expenses | $224,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $305 |
| Savings and temporary cash investments | $87,850 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $953 |
| 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 | $15,404 |
| Net Land, buildings, and equipment | $1,620 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $106,132 |
| Accounts payable and accrued expenses | $2,526 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $10,022 |
| Other liabilities | $33,400 |
| Total liabilities | $45,948 |
| Net assets without donor restrictions | $60,184 |
| 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 | $106,132 |