Augusta Symphony Inc
- Assets
- $19.7m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 194
- Location
- Augusta, GA
- Founding
- 03/1989
- Data as of
- 06/2022
- EIN
- 58-1806334
Organization Overview
Augusta Symphony Inc is located in Augusta, GA. The organization was established in 1989. 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, Augusta Symphony Inc employed 194 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Augusta Symphony 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, Augusta Symphony Inc generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $2.8m 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
THE MISSION OF SYMPHONY ORCHESTRA AUGUSTA IS TO SHARE THE JOY OF GREAT MUSICAL PERFORMANCE WITH OUR AUDIENCE. TOGETHER, WE ARE MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SYMPHONY CONCERTS AND PROMOTED MUSIC AWARENESS AND EDUCATION IN THE AUGUSTA AND AIKEN COMMUNITIES THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Catherine Murray Executive Di | Officer | 40 | $123,928 |
Dirk Meyer Music Direct | Trustee | 40 | $83,763 |
Chum Balk President | Officer | 1 | $0 |
Levi W Hill IV Imm Past Pre | Officer | 1 | $0 |
Richard Peacock Treasurer | Officer | 1 | $0 |
Beth Morrison Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $940,437 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $955,437 |
| Total Program Service Revenue | $2,752,417 |
| Investment income | $193 |
| 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 | $3,708,047 |
| 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. | $207,691 |
| Compensation of current officers, directors, key employees. | $155,768 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $591,036 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,056 |
| Payroll taxes | $68,073 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,449 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,694 |
| Advertising and promotion | $101,932 |
| Office expenses | $11,503 |
| Information technology | $40,558 |
| Royalties | $0 |
| Occupancy | $684,200 |
| Travel | $64,833 |
| 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 | $28,091 |
| Insurance | $72,877 |
| All other expenses | $159,810 |
| Total functional expenses | $2,816,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,280,887 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,529 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,642 |
| Prepaid expenses and deferred charges | $80,321 |
| Net Land, buildings, and equipment | $171,174 |
| Investments—publicly traded securities | $913,615 |
| Investments—other securities | $0 |
| Investments—program-related | $15,257,764 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,725,932 |
| Accounts payable and accrued expenses | $213,680 |
| Grants payable | $0 |
| Deferred revenue | $1,191,946 |
| 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 | $1,405,626 |
| Net assets without donor restrictions | $17,293,967 |
| Net assets with donor restrictions | $1,026,339 |
| 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 | $19,725,932 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Augusta Symphony Inc has recieved totaling $337,318.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For The Csra Augusta, GA PURPOSE: CHARITABLE PURPOSE | $232,000 |
Augusta Symphony Guild 2567 Central Augusta, GA | | $44,102 |
Augusta Symphony Guild 2567 Central Augusta, GA | | $20,166 |
Augusta Symphony Guild 2567 Central Augusta, GA | | $15,325 |
Cleon W Mauldin Foundation Las Vegas, NV PURPOSE: GENERAL OPERATING | $10,000 |
Bennett-Mothner Charitable Foundation Augusta, GA PURPOSE: COMMUNITY SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $1,020,845 |
| Earnings | -$103,035 |
| Net Contributions | $3,517 |
| Other Expense | $7,712 |
| Ending Balance | $913,615 |
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 |
Jacksonville Symphony Association Jacksonville, FL | $14,561,376 | $11,991,040 |
Florida Orchestra Inc St Petersburg, FL | $17,821,899 | $8,292,788 |
Florida West Coast Symphony Inc Sarasota, FL | $33,277,421 | $26,320,822 |
The Orlando Philharmonic Orchestra Inc Orlando, FL | $6,944,219 | $4,632,792 |
Knoxville Symphony Society Inc Knoxville, TN | $1,484,079 | $3,960,669 |
Memphis Symphony Orchestra Inc Memphis, TN | $6,274,797 | $4,582,397 |
Alabama Symphonic Association Inc Birmingham, AL | $2,772,905 | $5,743,069 |
Greensboro Symphony Orchestra Incorporated Greensboro, NC | $1,104,196 | $3,569,093 |
Winston Salem Symphony Assoc Winstonsalem, NC | $6,175,789 | $3,471,563 |