Charlotte Symphony Orchestra Society Inc
- Assets
- $18.7m
- Revenue
- $14.3m
- Investments
- $0.0
- Employees
- 227
- Location
- Charlotte, NC
- Founding
- 12/1959
- Data as of
- 06/2022
- EIN
- 56-6011568
Organization Overview
Charlotte Symphony Orchestra Society Inc is located in Charlotte, NC. The organization was established in 1959. 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, Charlotte Symphony Orchestra Society Inc employed 227 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlotte Symphony Orchestra 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, Charlotte Symphony Orchestra Society Inc generated $14.3m 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 $11.3m during the year ending 06/2022. While expenses have increased by 2.1% 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 CHARLOTTE SYMPHONY UPLIFTS, ENTERTAINS, AND EDUCATES THE DIVERSE COMMUNITIES OF CHARLOTTE-MECKLENBURG AND BEYOND THROUGH EXCEPTIONAL MUSICAL EXPERIENCES. REACHING OUT THROUGH THE TRANSFORMATIVE POWER OF LIVE MUSIC, THE CHARLOTTE SYMPHONY WILL BE A CIVIC LEADER, REFLECTING AND UNITING OUR REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SYMPHONY PERFORMANCES - LAST YEAR THE CHARLOTTE SYMPHONY OFFERED 94 PERFORMANCES FOR 102,000 PATRONS. EVENTS INCLUDED VIRTUAL AND IN-PERSON PERFORMANCES OF CLASSICAL MASTERWORKS, POPS FAVORITES, INFORMAL CONCERTS IN LOCAL BREWERIES, AND VIRTUAL EDUCATIONAL CONCERTS FOR THOUSANDS OF CHILDREN.
YOUTH ORCHESTRAS - WITH THE BELIEF THAT MAKING MUSIC IS A RIGHT, NOT A PRIVILEGE, WE ACTIVELY NURTURE THE NEXT GENERATION OF MUSICIANS AND MUSIC LOVERS BY SUPPORTING TWO YOUTH ORCHESTRAS FOCUSED ON DUAL GOALS OF EXTRAORDINARY MUSIC EDUCATION AND DIVERSITY, EQUITY AND INCLUSION. WE PROVIDE A NURTURING ENVIRONMENT FOR OUR YOUNG MUSICIANS TO CREATE LASTING BONDS THROUGH MUSIC AND FRIENDSHIP, AND INSTILL THE VALUES OF COMMUNITY SERVICE THROUGH MUSIC.
COMMUNITY EDUCATION - AN INTENSIVE AFTERSCHOOL YOUTH PROGRAM FOCUSED ON CHARLOTTE'S CHILDREN WITH THE GREATEST NEEDS AND FEWEST RESOURCES, PROJECT HARMONY IS A MUSIC AND LEADERSHIP PROGRAM AIMED AT EXPANDING THE VISION OF WHAT IS POSSIBLE FOR OUR AREA YOUTH. CHILDREN ARE GIVEN FREE INSTRUMENTS, ORCHESTRA ENSEMBLE TRAINING, AND ACADEMIC SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Fisk President & CEO | Officer | 60 | $226,150 |
Christopher Warren-Green Music Director | Officer | 30 | $217,900 |
Calin Lupanu Concertmaster | 40 | $100,834 | |
Robert Rydel Director/musician | Trustee | 13 | $46,666 |
Thomas Burge Director/musician | Trustee | 13 | $45,022 |
John Barquin Vice Chairperson | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bob Carter Companies Campaign Consulting Services | 6/29/22 | $140,363 |
Chazin & Company Accounting Services | 6/29/22 | $119,416 |
Lake Printing Printing Services | 6/29/22 | $111,007 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $441,975 |
| Membership dues | $0 |
| Fundraising events | $377,441 |
| Related organizations | $0 |
| Government grants | $3,849,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,495,427 |
| Noncash contributions included in lines 1a–1f | $73,471 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,164,243 |
| Total Program Service Revenue | $3,324,242 |
| 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 | -$157,236 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,331,249 |
| 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. | $400,439 |
| Compensation of current officers, directors, key employees. | $93,456 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,415,990 |
| Pension plan accruals and contributions | $259,433 |
| Other employee benefits | $1,037,443 |
| Payroll taxes | $609,980 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,763 |
| Fees for services: Accounting | $240,597 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $146,662 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $229,228 |
| Advertising and promotion | $473,562 |
| Office expenses | $227,886 |
| Information technology | $69,053 |
| Royalties | $0 |
| Occupancy | $176,364 |
| Travel | $6,336 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,718 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,713 |
| Insurance | $38,863 |
| All other expenses | $63,149 |
| Total functional expenses | $11,331,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,817 |
| Savings and temporary cash investments | $1,505,026 |
| Pledges and grants receivable | $4,516,561 |
| Accounts receivable, net | $150,014 |
| 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 | $122,811 |
| Net Land, buildings, and equipment | $622,434 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,569,604 |
| Total assets | $18,656,267 |
| Accounts payable and accrued expenses | $801,869 |
| Grants payable | $0 |
| Deferred revenue | $357,728 |
| 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 | $1,350,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,509,597 |
| Net assets without donor restrictions | $2,107,803 |
| Net assets with donor restrictions | $14,038,867 |
| 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 | $18,656,267 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that Charlotte Symphony Orchestra Society Inc has recieved totaling $2,527,955.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $2,371,990 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: ARTS AND CULTURE | $40,000 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $30,750 |
The Trexler Foundation Charlotte, NC PURPOSE: GENERAL | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $15,050 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $13,881 |
Endowment Analysis
| Beg. Balance | $13,378,775 |
| Earnings | -$1,864,297 |
| Net Contributions | $55,126 |
| Ending Balance | $11,569,604 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
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 |
Winston Salem Symphony Assoc Winstonsalem, NC | $6,175,789 | $3,471,563 |
Charleston Symphony Orchestra Charleston, SC | $3,900,208 | $3,884,009 |
Augusta Symphony Inc Augusta, GA | $19,725,932 | $3,708,047 |
Greenville Symphony Association Greenville, SC | $3,125,608 | $3,582,952 |