Symphony Of Southeast Texas Inc
- Assets
- $1.1m
- Revenue
- $986.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Beaumont, TX
- Founding
- 02/1953
- Data as of
- 05/2022
- EIN
- 74-1366294
Organization Overview
Symphony Of Southeast Texas Inc is located in Beaumont, TX. The organization was established in 1953. 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, Symphony Of Southeast Texas Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Symphony Of Southeast Texas 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 05/2022, Symphony Of Southeast Texas Inc generated $986.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $966.4k during the year ending 05/2022. While expenses have increased by 4.8% 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
TO DEVELOP, MAINTAIN, AND NURTURE A SYMPHONY ORCHESTRA OF THE HIGHEST ACHIEVABLE ARTISTIC QUALITY THAT WILL, WITHIN A VIABLE ECONOMIC FRAMEWORK, PLAY A MAJOR ROLE IN THE EDUCATION, ENTERTAINMENT, AND CULTURAL ENRICHMENT OF ALL RESIDENTS OF SOUTHEAST TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SYMPHONY PROGRAMS PROMOTE A FURTHER APPRECIATION OF SYMPHONIC MUSIC AND PRESENT STUDENT CONCERTS TO FURTHER THE MUSICAL EDUCATION OF STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Brown Treasurer | OfficerTrustee | $0 | |
Kate Davis Symphony Lea | OfficerTrustee | $0 | |
Dr Jeanette Fresne Lamar Repres | OfficerTrustee | $0 | |
Rachel Grove Secretary | OfficerTrustee | $0 | |
Chad Mason VP Admin | OfficerTrustee | $0 | |
Bert Labath VP Strategic | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $175,121 |
| All other contributions, gifts, grants, and similar amounts not included above | $457,230 |
| Noncash contributions included in lines 1a–1f | $5,531 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $632,351 |
| Total Program Service Revenue | $295,119 |
| Investment income | $57,115 |
| 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 | $986,885 |
| 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 | $305,194 |
| Pension plan accruals and contributions | $8,182 |
| Other employee benefits | $0 |
| Payroll taxes | $23,347 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,401 |
| Office expenses | $54,095 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $74,280 |
| Travel | $52,268 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $864 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,891 |
| Insurance | $11,114 |
| All other expenses | $48,585 |
| Total functional expenses | $966,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,163 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,790 |
| 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 | $11,372 |
| Net Land, buildings, and equipment | $7,805 |
| Investments—publicly traded securities | $908,357 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,061,487 |
| Accounts payable and accrued expenses | $10,442 |
| Grants payable | $0 |
| Deferred revenue | $227,148 |
| 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 | $70,000 |
| Other liabilities | $0 |
| Total liabilities | $307,590 |
| Net assets without donor restrictions | $337,072 |
| Net assets with donor restrictions | $416,825 |
| 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 | $1,061,487 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Symphony Of Southeast Texas Inc has recieved totaling $176,755.
| Awarding Organization | Amount |
|---|---|
Dujay Charitable Foundation New Orleans, LA PURPOSE: GENERAL SUPPORT | $88,524 |
Edaren Foundation Houston, TX PURPOSE: SUPPORT SYMPHONY OF OUR WORLD PROD | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $17,265 |
Foundation For Southeast Texas Inc Beaumont, TX PURPOSE: GENERAL SUPPORT | $15,466 |
Mechia Foundation Beaumont, TX PURPOSE: CONTINUING OPERATIONS | $10,500 |
H C & C B Locke Charitable Tr Uw Dallas, TX PURPOSE: SOUTHEAST TEXAS ORCHESTRAL | $10,000 |
Endowment Analysis
| Beg. Balance | $999,519 |
| Earnings | -$49,472 |
| Admin Expense | $8,119 |
| Other Expense | $33,571 |
| Ending Balance | $908,357 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Symphony Association Inc Dallas, TX | $30,480,044 | $38,703,176 |
Houston Symphony Society Houston, TX | $6,917,238 | $35,994,603 |
Fort Worth Symphony Orchestra Association Inc Fort Worth, TX | $39,389,813 | $15,284,563 |
Oklahoma Philharmonic Society Inc Oklahoma City, OK | $16,602,843 | $6,401,721 |
Austin Symphony Orchestra Society Austin, TX | $7,592,727 | $4,195,926 |
Louisiana Philharmonic Orchestra New Orleans, LA | $3,918,513 | $4,011,115 |
Tulsa Symphony Orchestra Inc Tulsa, OK | $3,114,616 | $2,041,644 |
Amarillo Symphony Inc Amarillo, TX | $5,802,759 | $2,592,502 |
The Arkansas Symphony Orchestra Society Inc Little Rock, AR | $14,211,799 | $5,063,125 |
Symphony Society Of San Antonio San Antonio, TX | $0 | $201,376 |
New Mexico Philharmonic Inc Albuquerque, NM | $458,933 | $1,791,722 |
Youth Orchestras Of San Antonio San Antonio, TX | $968,250 | $1,461,155 |