Raleigh Symphony Orchestra Inc
- Assets
- $176.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Raleigh, NC
- Founding
- 05/1982
- Data as of
- 06/2023
- EIN
- 58-1466397
Organization Overview
Raleigh Symphony Orchestra Inc is located in Raleigh, NC. The organization was established in 1982. 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 06/2023, Raleigh Symphony Orchestra Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raleigh Symphony Orchestra 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 06/2023, Raleigh Symphony Orchestra Inc generated $35.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.3%) each year. All expenses for the organization totaled $63.5k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
CONCERTS AND EDUCATIONAL EXPERIENCES AT A REASONABLE COST. INKIND DONATIONS RANGING FROM HALL RENTALS, PIANO, MUSICIAN SERVICES, OFFICE SPACE VALUED AT $26250
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Shurtleff President | 15 | $0 | |
Anthony Philpot Vice President | 3 | $0 | |
Catherine Lanzotti Secretary | 3 | $0 | |
Mark Underwood Treasurer | 3 | $0 | |
Bob Jankowski Board Member | 1 | $0 | |
Irene Burke Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,241 |
| Total Program Service Revenue | $12,324 |
| Membership dues | $0 |
| Investment income | $1,934 |
| Gain or Loss | $2,757 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $35,256 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $14,425 |
| Professional fees and other payments to independent contractors | $41,830 |
| Occupancy, rent, utilities, and maintenance | $580 |
| Printing, publications, postage, and shipping | $1,319 |
| Other expenses | $5,353 |
| Total expenses | $63,507 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $164,777 |
| Other assets | $0 |
| Total assets | $176,577 |
| Total liabilities | $193 |
| Net assets or fund balances | $176,384 |