Florence Symphony Orchestra
- Assets
- $370.5k
- Revenue
- $266.6k
- Investments
- $201.6k
- Employees
- 2
- Location
- Florence, SC
- Founding
- 02/1950
- Data as of
- 06/2022
- EIN
- 57-6025741
Organization Overview
Florence Symphony Orchestra is located in Florence, SC. The organization was established in 1950. 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, Florence Symphony Orchestra employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florence Symphony Orchestra 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, Florence Symphony Orchestra generated $266.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $202.6k during the year ending 06/2022. 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
TO PERFORM, CULTIVATE AND ENCOURAGE INTEREST IN SYMPHONIC MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN A TYPICAL YEAR THE ORCHESTRA PERFORMS SIX INDOOR CONCERTS PROVIDING ENTERTAINING CULTURAL ENRICHMENT FOR THE COMMUNITY. TYPICAL ATTENDANCE AVERAGES 680. SEASON TICKET HOLDERSACCOUNT FOR 85% OF THE PER-CONCERT ATTENDANCE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alec Hogsette Secretary | Officer | 1 | $0 |
Brad Parham Chairman | Officer | 4 | $0 |
Lalla Saleeby Member | Officer | 1 | $0 |
Nancy Matthews Vice-Chairman | Officer | 1 | $0 |
Brian Fast Past Chairman | Trustee | 1 | $0 |
Dr Carroll Player Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $67,225 |
| All other contributions, gifts, grants, and similar amounts not included above | $104,592 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,817 |
| Total Program Service Revenue | $84,212 |
| Investment income | $5,928 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,679 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $266,636 |
| 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 | $69,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,278 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,562 |
| Office expenses | $3,955 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,255 |
| Travel | $1,309 |
| 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 | $1,909 |
| Insurance | $5,026 |
| All other expenses | $6,404 |
| Total functional expenses | $202,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,151 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $4,463 |
| Net Land, buildings, and equipment | $317 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $201,604 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $370,535 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $44,273 |
| 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 | $1,278 |
| Total liabilities | $45,551 |
| Net assets without donor restrictions | $324,984 |
| Net assets with donor restrictions | $0 |
| 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 | $370,535 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Florence Symphony Orchestra has recieved totaling $31,703.
| Awarding Organization | Amount |
|---|---|
Eastern Carolina Communityfoundation Inc Florence, SC PURPOSE: PROMOTE THE LOCAL SYMPHONY IN THE FLORENCE AREA | $29,103 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $2,600 |
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 |