Wheeling Symphony Society Inc
- Assets
- $3.6m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 138
- Location
- Wheeling, WV
- Founding
- 01/1940
- Data as of
- 06/2022
- EIN
- 55-6000958
Organization Overview
Wheeling Symphony Society Inc is located in Wheeling, WV. The organization was established in 1940. 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 06/2022, Wheeling Symphony Society Inc employed 138 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wheeling Symphony Society 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, Wheeling Symphony Society Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 1.8% 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
THE WHEELING SYMPHONY SOCIETY, INC SERVES THE RESIDENTS OF LOCAL COMMUNITIES BY PROVIDING EXCELLENT ORCHESTRAL PROGRAMS WHICH ENTERTAIN, EDUCATE AND ENHANCE THE QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACTIVITY PROVIDES THE NECESSARY FUNDS IN ORDER TO ALLOW THE GENERAL COMMUNITY THE OPPORTUNITY TO LEARN AND EXPERIENCE THE ARTS IN THE FORM OF SYMPHONY MUSIC. FREE CONCERTS ARE PROVIDED AS WELL AS YOUTH, POPS AND MASTERWORKS SERIES CONCERTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Braunlich Executive Di | Officer | 40 | $66,345 |
David B Ellwood Treasurer | Officer | 20 | $0 |
Chatman Neely Secretary | Officer | 1 | $0 |
Mary Hanley President-El | Officer | 1 | $0 |
Roanne Burech President | Officer | 1 | $0 |
Daniel Young Treasurer-El | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $636,393 |
| All other contributions, gifts, grants, and similar amounts not included above | $590,456 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,226,849 |
| Total Program Service Revenue | $302,575 |
| Investment income | $130,307 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $92,747 |
| Net Income from Fundraising Events | $150,578 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,903,056 |
| 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 | $710,051 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,026 |
| Payroll taxes | $64,848 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $193,083 |
| Advertising and promotion | $97,418 |
| Office expenses | $30,385 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $188,249 |
| Travel | $50,337 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,800 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,120 |
| Insurance | $7,446 |
| All other expenses | $16,218 |
| Total functional expenses | $1,525,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,972 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,104 |
| 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 | $21,908 |
| Net Land, buildings, and equipment | $5,880 |
| Investments—publicly traded securities | $3,307,766 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,618,630 |
| Accounts payable and accrued expenses | $24,872 |
| Grants payable | $0 |
| Deferred revenue | $57,915 |
| 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 | $82,787 |
| Net assets without donor restrictions | $1,101,551 |
| Net assets with donor restrictions | $2,434,292 |
| 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 | $3,618,630 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Wheeling Symphony Society Inc has recieved totaling $171,636.
| Awarding Organization | Amount |
|---|---|
Meagel Charitable Tr Parkersburg, WV PURPOSE: PRESERVATION OF THE SYMPHONY | $58,969 |
Eqt Foundation Pittsburgh, PA PURPOSE: COMMUNITY ENRICHMENT | $27,500 |
Stamp Charitable Fund Wheeling, WV PURPOSE: ANNUAL FUND | $25,000 |
Elizabeth Stifel Kline Foundation Wheeling, WV PURPOSE: MASTERWORKS CONCERT SERIES | $20,000 |
The Driehorst Family Foundation Wheeling, WV PURPOSE: ORCHESTRAL PROGRAMS THAT ENTERTAIN, EDUCATE, AND ENHANCE THE QUALITY OF LIFE | $15,000 |
R H Gentile Charitable Trust Steubenville, OH PURPOSE: CHARITABLE | $5,000 |
Endowment Analysis
| Beg. Balance | $3,848,623 |
| Earnings | -$466,128 |
| Admin Expense | $4,199 |
| Net Contributions | $36,000 |
| Other Expense | $106,530 |
| Ending Balance | $3,307,766 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baltimore Symphony Orchestra Inc Baltimore, MD | $16,033,795 | $20,177,740 |
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 |
Columbus Symphony Orchestra Inc Columbus, OH | $23,849,025 | $7,378,126 |
Dayton Performing Arts Alliance Dayton, OH | $10,536,333 | $6,130,805 |
National Philharmonic Orchestra & Chorale Of Mongomery County Inc North Bethesda, MD | $1,849,727 | $2,888,620 |
West Virginia Symphony Orchestra Inc Charleston, WV | $1,691,632 | $2,378,375 |
Harrisburg Symphony Association Harrisburg, PA | $13,261,535 | $3,046,479 |
Allentown Symphony Association Inc Allentown, PA | $15,521,853 | $2,408,487 |
Youngstown Symphony Society Inc Youngstown, OH | $9,809,717 | $1,234,201 |
Philadelphia Youth Orchestra Philadelphia, PA | $1,696,190 | $1,961,434 |