Greensboro Symphony Orchestra Incorporated
- Assets
- $1.1m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 93
- Location
- Greensboro, NC
- Founding
- 06/1964
- Data as of
- 05/2022
- EIN
- 56-6063111
Organization Overview
Greensboro Symphony Orchestra Incorporated is located in Greensboro, NC. The organization was established in 1964. 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, Greensboro Symphony Orchestra Incorporated employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greensboro Symphony Orchestra Incorporated 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, Greensboro Symphony Orchestra Incorporated generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $3.5m during the year ending 05/2022. While expenses have increased by 12.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE GREENSBORO SYMPHONY ORCHESTRA, INC. IS TO ENRICH THE CULTURAL LIFE OF GREENSBORO, NC AND SURROUNDING AREAS THROUGH THE DEVELOPMENT, PRODUCTION, AND PROMOTION OF THE HIGHEST QUALITY MUSIC AND MUSIC EDUCATION PROGRAMS.
Describe the Organization's Program Activity:
THE GREENSBORO SYMPHONY ORCHESTRA PRESENTS 6 CLASSICAL CONCERTS WITH OUTSTANDING, WORLD-RENOWNED GUEST ARTISTS, 6 POPS CONCERTS WHICH FEATURE POPULAR GROUPS AND SOLOISTS, A COMMUNITY GOSPEL CONCERT WITH A COMMUNITY CHOIR AND SPECIAL ARTISTS, (RECENTLY STING) AT THE NEW STEVEN TANGER CENTER FOR THE PERFORMING ARTS IN DOWNTOWN GREENSBORO. OTHER PROGRAMS INCLUDE 5 CHAMBER CONCERTS AT UNCG AND ANNUAL HOLIDAY CONCERTS, FREE TO THE COMMUNITY, WHICH SERVE AS A BENEFIT CONCERT FOR THE SALVATION ARMY AT THE GREENSBORO COLISEUM AND WILLIAMS HIGH SCHOOL IN BURLINGTON.
THE GSO BOASTS ONE OF THE LARGEST SUITES OF MUSIC EDUCATION PROGRAMS AMONG SOUTHEASTERN ORCHESTRAS. PROGRAM HIGHLIGHTS FOLLOW: ORKIDSTRA INCLUDES MUSIC CLASSES AND CHAMBER CONCERTS FOR 4-YEAR-OLDS IN HEAD START ACROSS FOUR COUNTIES; THE LILLIAN RAUCH BEGINNING STRINGS PROGRAM, IN COLLABORATION WITH UNCG, PROVIDES INSTRUMENTS AND INSTRUCTION FREE OF CHARGE TO STUDENTS AT PECK AND CONE ELEMENTARY SCHOOLS; THE GREENSBORO SYMPHONY YOUTH ORCHESTRA, COMPRISED OF THREE ENSEMBLES- YOUTH ORCHESTRA, YOUTH PHILHARMONIC, AND YOUTH STRINGS, PROVIDES A PROFESSIONALLY DIRECTED ENVIRONMENT FOR YOUNG MUSICIANS TO STUDY, PREPARE, AND PERFORM MUSIC; GSO SMALL ENSEMBLES GIVE IN-SCHOOL PERFORMANCES FOR EVERY GUILFORD COUNTY SCHOOLS (GCS) 3RD, 4TH, AND 5TH GRADER AND FULL ORCHESTRAL CONCERTS FOR ALL GCS 3RD, 4TH, AND 7TH GRADERS AT THE TANGER CENTER; CARINGSOUND PROVIDES MUSICIAN VISITS TO PEDIATRIC PATIENTS AND FAMILIES AT CONE HOSPITAL AND IS EXPANDING TO THE MEMORY CARE UNIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dmitry Sitkovetsky Music Director | 40 | $119,540 | |
Lisa Crawford President And CEO | Officer | 40 | $102,093 |
Doug Boike Chairman | OfficerTrustee | 0 | $0 |
Myrna Carlock Secretary | OfficerTrustee | 0 | $0 |
Ryan Homer Assistant Treasurer | OfficerTrustee | 0 | $0 |
Peggy Hamilton Vice Chair - Development | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $250,300 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $710,877 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $961,177 |
| Total Program Service Revenue | $2,443,667 |
| Investment income | $1,995 |
| 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 | $3,569,093 |
| 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. | $104,106 |
| Compensation of current officers, directors, key employees. | $31,232 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $943,418 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,464 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,484,682 |
| Advertising and promotion | $77,459 |
| Office expenses | $12,993 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $174,931 |
| Travel | $83,510 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,843 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,248 |
| Insurance | $7,747 |
| All other expenses | $119,862 |
| Total functional expenses | $3,539,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,361 |
| Savings and temporary cash investments | $711,591 |
| Pledges and grants receivable | $47,164 |
| Accounts receivable, net | $11,425 |
| 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 | $86,750 |
| Net Land, buildings, and equipment | $143,905 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,104,196 |
| Accounts payable and accrued expenses | $57,308 |
| Grants payable | $0 |
| Deferred revenue | $516,494 |
| 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 | $573,802 |
| Net assets without donor restrictions | $383,792 |
| Net assets with donor restrictions | $146,602 |
| 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 | $1,104,196 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Greensboro Symphony Orchestra Incorporated has recieved totaling $96,624.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Greensboro Inc Greensboro, NC PURPOSE: GENERAL SUPPORT | $24,225 |
Lincoln Financial Foundation Inc Radnor, PA PURPOSE: ARTS PROGRAMS | $21,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $16,265 |
Tannenbaum-Sternberger Foundation Inc Greensboro, NC PURPOSE: GRANTS | $15,000 |
The Cemala Foundation Inc Greensboro, NC PURPOSE: GENERAL OPERATING SUPPORT | $12,500 |
Anonymous Fund Greensboro, NC PURPOSE: ANNUAL FUND | $5,000 |
Endowment Analysis
| Beg. Balance | $5,731,812 |
| Earnings | -$201,216 |
| Admin Expense | $41,472 |
| Net Contributions | $83,264 |
| Grants | $234,500 |
| Ending Balance | $5,337,888 |
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 |