Charlottesville Symphony Society
- Assets
- $8.7m
- Revenue
- $451.1k
- Investments
- $8.2m
- Employees
- 6
- Location
- Charlottesville, VA
- Founding
- 05/2015
- Data as of
- 06/2021
- EIN
- 54-1800245
Organization Overview
Charlottesville Symphony Society is located in Charlottesville, VA. The organization was established in 2015. 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, Charlottesville Symphony Society employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlottesville Symphony Society 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, Charlottesville Symphony Society generated $451.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $757.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) 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
THE CHARLOTTESVILLE SYMPHONY SOCIETY CHAMPIONS THE CHARLOTTESVILLE SYMPHONY AT THE UNIVERSITY OF VIRGINIA THROUGH EXCEPTIONAL SYMPHONIC EXPERIENCES, ENRICHING EDUCATIONAL OFFERINGS AND CREATIVE PARTNERSHIPS THAT BRING DIVERSE PEOPLE TOGETHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
39 VIRTUAL INSTRUMENT LECTURE-DEMONSTRATIONS FOR FIVE ELEMENTARY AND HIGH SCHOOLS; 2,026 STUDENTS WERE SERVED.
SEVEN VIRTUAL "TUNES AND TALES" MUSIC AND STORYBOOK PROGRAMS FOR 199 PRE-KINDERGARTEN CHILDREN REGISTERED THROUGH THE VIRGINIA DISCOVERY MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet B Kaltenbach Executive Director | 50 | $114,218 | |
Mary Buckle Searle Vice President | Officer | 1 | $0 |
Linda Smith Secretary | Officer | 1 | $0 |
Robert M Conroy Treasurer | Officer | 1 | $0 |
William H Vonreichbauer President | Officer | 2 | $0 |
Leila Shenkir N/a | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $449,664 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $449,664 |
| Total Program Service Revenue | $1,400 |
| Investment income | $0 |
| 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 | $451,064 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,360 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $94,500 |
| Compensation of current officers, directors, key employees. | $47,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $431,612 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $113,804 |
| Payroll taxes | $18,422 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,073 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,076 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,675 |
| Office expenses | $6,972 |
| Information technology | $4,938 |
| Royalties | $0 |
| Occupancy | $19,391 |
| 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 | $0 |
| Insurance | $2,719 |
| All other expenses | $2,458 |
| Total functional expenses | $757,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $531,422 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,180,492 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,712,114 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $481,108 |
| Net assets with donor restrictions | $8,231,006 |
| 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 | $8,712,114 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Charlottesville Symphony Society has recieved totaling $8,300.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $8,300 |
Endowment Analysis
| Beg. Balance | $5,735,011 |
| Earnings | $2,711,977 |
| Admin Expense | $12,076 |
| Net Contributions | $145,666 |
| Other Expense | $276,684 |
| Grants | $6,360 |
| Ending Balance | $8,297,534 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baltimore Symphony Orchestra Inc Baltimore, MD | $16,033,795 | $20,177,740 |
North Carolina Symphony Society Inc Raleigh, NC | $32,524,457 | $22,246,893 |
Charlotte Symphony Orchestra Society Inc Charlotte, NC | $18,656,267 | $14,331,249 |
Nashville Symphony Association Nashville, TN | $100,031,908 | $12,366,678 |
The Louisville Orchestra Inc Louisville, KY | $7,756,568 | $11,516,592 |
Virginia Symphony Orchestra Norfolk, VA | $5,267,903 | $8,191,490 |
Richmond Symphony Richmond, VA | $2,392,826 | $8,372,945 |
Knoxville Symphony Society Inc Knoxville, TN | $1,484,079 | $3,960,669 |
Memphis Symphony Orchestra Inc Memphis, TN | $6,274,797 | $4,582,397 |
Greensboro Symphony Orchestra Incorporated Greensboro, NC | $1,104,196 | $3,569,093 |
National Philharmonic Orchestra & Chorale Of Mongomery County Inc North Bethesda, MD | $1,849,727 | $2,888,620 |
Winston Salem Symphony Assoc Winstonsalem, NC | $6,175,789 | $3,471,563 |