Victoria Symphony Society Inc
- Assets
- $604.5k
- Revenue
- $639.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Victoria, TX
- Founding
- 11/1976
- Data as of
- 05/2022
- EIN
- 74-1907660
Organization Overview
Victoria Symphony Society Inc is located in Victoria, TX. The organization was established in 1976. 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, Victoria Symphony Society Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victoria Symphony Society 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, Victoria Symphony Society Inc generated $639.8k 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 (3.9%) each year. All expenses for the organization totaled $613.3k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 years. 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 PROVIDE PERFORMANCES OF THE VICTORIA SYMPHONY ORCHESTRA AND OTHER MUSICAL EVENTS TO THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMANCES OF THE VICTORIA SYMPHONY ORCHESTRA. THE AVERAGE ATTENDANCE RANGES FROM 500 TO 1,400 PER CONCERT.
PERFORMANCES OF THE VICTORIA SYMPHONY ORCHESTRA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Wall Director/vic | OfficerTrustee | $0 | |
Barbara Lack Director | OfficerTrustee | $0 | |
Teri Murray Director/pre | OfficerTrustee | $0 | |
Dr Jill Fox Director | Trustee | $0 | |
Mrs Kathy Frels Director | Trustee | $0 | |
Nancy Blackwell Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $65,000 |
| Government grants | $27,166 |
| All other contributions, gifts, grants, and similar amounts not included above | $271,140 |
| Noncash contributions included in lines 1a–1f | $41,579 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $363,306 |
| Total Program Service Revenue | $138,046 |
| Investment income | $222 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $138,197 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $639,771 |
| 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 | $116,680 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,000 |
| Payroll taxes | $8,790 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,003 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $11,009 |
| Insurance | $3,141 |
| All other expenses | $48,155 |
| Total functional expenses | $613,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,757 |
| Savings and temporary cash investments | $217,684 |
| Pledges and grants receivable | $17,538 |
| Accounts receivable, net | $11,159 |
| 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 | $840 |
| Net Land, buildings, and equipment | $262,515 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $604,493 |
| Accounts payable and accrued expenses | $6,232 |
| Grants payable | $0 |
| Deferred revenue | $113,401 |
| 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 | $119,633 |
| Net assets without donor restrictions | $484,860 |
| 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 | $604,493 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Victoria Symphony Society Inc has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
South Texas Charitable Foundation Victoria, TX PURPOSE: CHARITABLE/EDUCATIONAL | $4,000 |
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 |