Winston Salem Symphony Assoc

Organization Overview

Winston Salem Symphony Assoc is located in Winstonsalem, NC. The organization was established in 1952. 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 05/2022, Winston Salem Symphony Assoc employed 107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winston Salem Symphony Assoc 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 05/2022, Winston Salem Symphony Assoc generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $2.9m during the year ending 05/2022. While expenses have increased by 1.5% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO BRING MUSIC TO LIFE.

Describe the Organization's Program Activity:

PERFORMANCES: 28 IN-PERSON PERFORMANCES AND EDUCATIONAL PROGRAMS SERVING 36,196 AUDIENCE MEMBERS WHO ATTENDED EVENTS WITHIN OUR CLASSICS SERIES, MUSIC THAT POPS SERIES, IGNITE FAMILY SERIES, MARY STARLING EDUCATIONAL CONCERTS, WSS CHORUS AND THE MESSIAH.


EDUCATION: SUMMER PLAY MUSIC CAMP SERVED 25 STUDENTS OVER 7 WEEKS AND SUMMER YOUTH ORCHESTRA FESTIVAL (INAUGURAL) SERVED 60 STUDENTS OVER A ONE WEEK CAMP. PROVIDED 240 IN-PERSON CLASSES FOR 150 STUDENTS FOR OUR PLAY MUSIC PROGRAM (PIEDMONT LEARNING ACADEMY FOR YOUTH). PROVIDED 112 IN-PERSON REHEARSALS FOR 125 YOUTH ORCHESTRA STUDENTS OF VARYING LEVELS AND GROUPS (CHAMBER SINFONIA/PREMIERE STRINGS, YOUTH PHILHARMONIC, AND YOUTH SYMPHONY)


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Board, Officers & Key Employees

Name (title)Compensation
E Merritt Vale
President &
$135,542
Timothy Redmond End 82321
Symphony Dir
$106,982
Carol Reeve
Board Chair
$0
Thomas Bornemann
Treasurer
$0
Pam Cash
Secretary
$0
Ann Fritchman Merkel
Immediate Pa
$0

Financial Statements

Statement of Revenue
Federated campaigns$153,250
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $914,556
All other contributions, gifts, grants, and similar amounts not included above$1,405,932
Noncash contributions included in lines 1a–1f $148,131
Total Revenue from Contributions, Gifts, Grants & Similar$2,473,738
Total Program Service Revenue$673,729
Investment income $299,397
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $4,950
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,471,563

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Winston Salem Symphony Assoc has recieved totaling $202,311.

Awarding OrganizationAmount
Winston-Salem Foundation

Winstonsalem, NC

PURPOSE: 77 GRANT(S) FOR VARYING PURPOSES

$198,061
Mcswain Trust Agreement

Sanford, NC

PURPOSE: FUND RECIPIENT'S EXEMPT PURPOSE

$2,000
Strickland Family Foundation

Winston Salem, NC

PURPOSE: ARTS SUPPORT

$2,000
Reynolds American Foundation

Winston Salem, NC

PURPOSE: CHARITABLE ACTIVITIES

$250
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,587,868
Earnings-$313,031
Admin Expense$30,629
Net Contributions$190,000
Other Expense$192,469
Ending Balance$5,241,739

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