Chattanooga Symphony And Opera Association
- Assets
- $2.7m
- Revenue
- $2.7m
- Investments
- $1.6m
- Employees
- 176
- Location
- Chattanooga, TN
- Founding
- 12/1951
- Data as of
- 05/2022
- EIN
- 62-6002098
Organization Overview
Chattanooga Symphony And Opera Association is located in Chattanooga, TN. The organization was established in 1951. 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, Chattanooga Symphony And Opera Association employed 176 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chattanooga Symphony And Opera 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, Chattanooga Symphony And Opera Association generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $2.3m during the year ending 05/2022. 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 INSPIRE, ENGAGE & ENRICH THE GREATER CHATTANOOGA COMMUNITY THROUGH MUSIC AND MUSIC EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCES A VARIETY OF LIVE MUSICAL PERFORMANCES OF SYMPHONY, OPERA AND POPS FOR A VARIETY OF AUDIENCES.
PROVIDES EDUCATIONAL PROGRAMS
PROVIDES A YOUTH ORCHESTRA FOR THE COMMUNITY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samantha Teter Executive Director (end 12/31/21) | Officer | 40 | $83,224 |
Ed Rusk Treasurer | OfficerTrustee | 2 | $0 |
Don Mcdowell President | OfficerTrustee | 2 | $0 |
Amy Mahone Secretary | OfficerTrustee | 2 | $0 |
John Kilkenny Executive Director (start 3/1/22) | Officer | 40 | $0 |
Mitch Carter Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,288,563 |
| All other contributions, gifts, grants, and similar amounts not included above | $779,396 |
| Noncash contributions included in lines 1a–1f | $50,147 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,067,959 |
| Total Program Service Revenue | $465,263 |
| Investment income | $87,986 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $34,950 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,680,505 |
| 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. | $87,360 |
| Compensation of current officers, directors, key employees. | $87,360 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,344,004 |
| Pension plan accruals and contributions | $53,522 |
| Other employee benefits | $101,129 |
| Payroll taxes | $105,454 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,712 |
| Fees for services: Accounting | $12,721 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,356 |
| Advertising and promotion | $135,260 |
| Office expenses | $17,058 |
| Information technology | $30,522 |
| Royalties | $0 |
| Occupancy | $53,156 |
| Travel | $16,733 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $838 |
| Interest | $5,743 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $651 |
| Insurance | $18,610 |
| All other expenses | $16,315 |
| Total functional expenses | $2,315,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,834 |
| Savings and temporary cash investments | $56,514 |
| Pledges and grants receivable | $1,800 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,473 |
| Investments—publicly traded securities | $974,240 |
| Investments—other securities | $1,573,462 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,375 |
| Total assets | $2,736,698 |
| Accounts payable and accrued expenses | $67,434 |
| Grants payable | $0 |
| Deferred revenue | $30,657 |
| 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 | $241,543 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $339,634 |
| Net assets without donor restrictions | $712,802 |
| Net assets with donor restrictions | $1,684,262 |
| 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 | $2,736,698 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Chattanooga Symphony And Opera Association has recieved totaling $31,148.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: 2021 ANNUAL FUND | $25,000 |
Hazel Montague Hutcheson Foundation Chattanooga, TN PURPOSE: UNRESTRICTED GRANT | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $148 |
Endowment Analysis
| Beg. Balance | $1,687,867 |
| Earnings | $329,630 |
| Net Contributions | $2,000 |
| Other Expense | $310,277 |
| Ending Balance | $1,709,220 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kansas City Symphony Kansas City, MO | $64,822,369 | $17,397,853 |
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 |
Saint Louis Symphony Endowment Trust Saint Louis, MO | $280,111,729 | $18,922,089 |
Nashville Symphony Association Nashville, TN | $100,031,908 | $12,366,678 |
The Louisville Orchestra Inc Louisville, KY | $7,756,568 | $11,516,592 |
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 |
Alabama Symphonic Association Inc Birmingham, AL | $2,772,905 | $5,743,069 |
Greensboro Symphony Orchestra Incorporated Greensboro, NC | $1,104,196 | $3,569,093 |