Greenville Symphony Association
- Assets
- $3.1m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 155
- Location
- Greenville, SC
- Founding
- 06/1963
- Data as of
- 05/2022
- EIN
- 57-0447452
Organization Overview
Greenville Symphony Association is located in Greenville, SC. The organization was established in 1963. 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, Greenville Symphony Association employed 155 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenville Symphony Association 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, Greenville Symphony Association generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $2.7m during the year ending 05/2022. While expenses have increased by 0.1% 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 GREENVILLE SYMPHONY IS DEDICATED TO PROVIDING EDUCATIONAL AND CULTURAL OPPORTUNITIES FOR THE CITIZENS OF GREENVILLE AND SURROUNDING COMMUNITIES THROUGH THE PRESENTATION OF LIVE ORCHESTRAL MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION SUPPORTS A SYMPHONIC ORCHESTRA IN GREENVILLE, SOUTH CAROLINA FOR THE PURPOSE OF PROMOTING AND IMPROVING THE EDUCATION AND CULTURAL DEVELOPMENT OF THE CITY AND THE SURROUNDING AREA THROUGH THE PRESENTATION OF LIVE ORCHESTRAL PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edvard Tchivzhel Music Direct | Officer | 40 | $176,386 |
Julianne M Fish Exe Dir Thr | Officer | 40 | $131,051 |
Diane F Perlmutter Secretary | OfficerTrustee | 5 | $0 |
Marjorie R Jenkins 2nd VP | OfficerTrustee | 5 | $0 |
Terry R Weaver 1st VP | OfficerTrustee | 5 | $0 |
Susan J Bichel Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $511,000 |
| Government grants | $895,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,344,557 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,751,457 |
| Total Program Service Revenue | $764,073 |
| Investment income | $11,620 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $47,320 |
| 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 | $3,582,952 |
| 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. | $309,983 |
| Compensation of current officers, directors, key employees. | $10,111 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,043,354 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $82,236 |
| Payroll taxes | $147,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $198,528 |
| Advertising and promotion | $154,205 |
| Office expenses | $61,020 |
| Information technology | $30,429 |
| Royalties | $0 |
| Occupancy | $18,983 |
| 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 | $25,818 |
| Insurance | $29,857 |
| All other expenses | $17,933 |
| Total functional expenses | $2,667,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $323,948 |
| Savings and temporary cash investments | $1,378,912 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $909,472 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $158,400 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,847 |
| Net Land, buildings, and equipment | $330,029 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,125,608 |
| Accounts payable and accrued expenses | $113,359 |
| Grants payable | $0 |
| Deferred revenue | $305,000 |
| 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 | $4,400 |
| Total liabilities | $422,759 |
| Net assets without donor restrictions | $2,105,424 |
| Net assets with donor restrictions | $597,425 |
| 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 | $3,125,608 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Greenville Symphony Association has recieved totaling $6,500.
| Awarding Organization | Amount |
|---|---|
Elbert W Rogers Foundation Greenville, SC PURPOSE: FRENCH HORN ENDOWMENT | $5,000 |
Elbert W Rogers Foundation Greenville, SC PURPOSE: GENERAL OPERATING SUPPORT | $1,500 |
Endowment Analysis
| Beg. Balance | $13,716,169 |
| Earnings | -$1,186,013 |
| Admin Expense | $1,019 |
| Net Contributions | $176,903 |
| Other Expense | $511,000 |
| Ending Balance | $12,195,040 |
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 |
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 |
Hilton Head Symphony Orchestra Inc Hilton Head Island, SC | $1,962,762 | $2,950,253 |
Savannah Philharmonic Corporation Savannah, GA | $547,898 | $1,404,691 |
Asheville Symphony Society Inc Asheville, NC | $1,814,392 | $759,124 |
South Carolina Philharmonic Inc Columbia, SC | $1,390,921 | $1,099,021 |
Columbus Philharmonic Guild Inc Columbus, GA | $3,695,850 | $882,013 |