South Texas Symphony Association Inc
- Assets
- $803.5k
- Revenue
- $996.7k
- Investments
- $0.0
- Employees
- 8
- Location
- Mcallen, TX
- Founding
- 10/1976
- Data as of
- 05/2022
- EIN
- 74-1939277
Organization Overview
South Texas Symphony Association Inc is located in Mcallen, 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, South Texas Symphony Association Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Texas Symphony Association 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, South Texas Symphony Association Inc generated $996.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $816.5k during the year ending 05/2022. While expenses have increased by 3.8% 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 PROMOTE APPRECIATION FOR SYMPHONIC AND CHORAL MUSIC WITHIN THE GENERAL PUBLIC RESIDING IN THE LOWER RIO GRANDE VALLEY OF TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF MUSIC IN THE RIO GRANDE VALLEY AND THE PRODUCTION OF CONCERTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katy Coy Executive Director | Officer | 40 | $60,999 |
Harry Urey Jr Vice-President | OfficerTrustee | 1 | $0 |
Michelle Crane President | OfficerTrustee | 1 | $0 |
Timothy A Sers Secretary | OfficerTrustee | 1 | $0 |
Nina Torkelson MD Treasurer | OfficerTrustee | 1 | $0 |
Joshua A Cummings Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $128,175 |
| Related organizations | $0 |
| Government grants | $355,613 |
| All other contributions, gifts, grants, and similar amounts not included above | $186,264 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $670,052 |
| Total Program Service Revenue | $329,610 |
| Investment income | $13,151 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,790 |
| Net Income from Fundraising Events | -$28,180 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $996,728 |
| 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. | $71,933 |
| Compensation of current officers, directors, key employees. | $23,059 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,056 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,341 |
| Payroll taxes | $10,663 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,523 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $811 |
| Advertising and promotion | $32,312 |
| Office expenses | $20,060 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,200 |
| Travel | $18,821 |
| 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 | $3,798 |
| Insurance | $5,011 |
| All other expenses | $38,329 |
| Total functional expenses | $816,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $399,618 |
| Savings and temporary cash investments | $335,742 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,706 |
| 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 | $4,800 |
| Net Land, buildings, and equipment | $11,555 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,100 |
| Total assets | $803,521 |
| Accounts payable and accrued expenses | $82,458 |
| Grants payable | $0 |
| Deferred revenue | $20,000 |
| 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 | $102,458 |
| Net assets without donor restrictions | $701,063 |
| 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 | $803,521 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that South Texas Symphony Association Inc has recieved totaling $10,714.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $5,357 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $5,357 |
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 |