Colorado Springs Philharmonic Orchestra
- Assets
- $3.8m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 181
- Location
- Colorado Springs, CO
- Founding
- 09/2003
- Data as of
- 07/2021
- EIN
- 74-3091110
Organization Overview
Colorado Springs Philharmonic Orchestra is located in Colorado Springs, CO. The organization was established in 2003. 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 07/2021, Colorado Springs Philharmonic Orchestra employed 181 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Springs Philharmonic Orchestra 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 07/2021, Colorado Springs Philharmonic Orchestra generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $1.3m during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (15.4%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO REFLECT THE GREATNESS OF OUR COMMUNITY AND THE BEST OF HUMAN POTENTIAL THROUGH MUSICAL EXCELLENCE, CREATIVE DISCOVERY, AND CIVIC LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED CONCERTS DESIGNED TO ENRICH THE CULTURAL LIFE OF COLORADO SPRINGS AND THE SURROUNDING COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Newbrough President/ceo | OfficerTrustee | 45 | $156,067 |
Josep Caballe-Domenech Music Director | Trustee | 5 | $116,896 |
Paul Rule Musician Representative | Trustee | 5 | $10,615 |
Sergei Vassiliev Musician Representative | Trustee | 5 | $10,514 |
Martha Barton Secretary | OfficerTrustee | 5 | $0 |
Herman Tiemens Chairman | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $63,012 |
| Government grants | $1,206,359 |
| All other contributions, gifts, grants, and similar amounts not included above | $471,464 |
| Noncash contributions included in lines 1a–1f | $11,984 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,740,835 |
| Total Program Service Revenue | $40 |
| Investment income | $811 |
| 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 | $1,751,968 |
| 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. | $280,618 |
| Compensation of current officers, directors, key employees. | $121,380 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $286,361 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $81,244 |
| Payroll taxes | $54,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $260,856 |
| Fees for services: Accounting | $19,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,796 |
| Advertising and promotion | $43,275 |
| Office expenses | $12,034 |
| Information technology | $23,583 |
| Royalties | $0 |
| Occupancy | $12,334 |
| Travel | $232 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,923 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,378 |
| Insurance | $26,663 |
| All other expenses | $24,855 |
| Total functional expenses | $1,287,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,156,915 |
| Savings and temporary cash investments | $1,494,737 |
| Pledges and grants receivable | $1,046,161 |
| Accounts receivable, net | $22,752 |
| 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 | $14,922 |
| Net Land, buildings, and equipment | $56,928 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,792,415 |
| Accounts payable and accrued expenses | $190,950 |
| Grants payable | $0 |
| Deferred revenue | $1,266,779 |
| 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 | $427,020 |
| Other liabilities | $0 |
| Total liabilities | $1,884,749 |
| Net assets without donor restrictions | $1,377,666 |
| Net assets with donor restrictions | $530,000 |
| 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 | $3,792,415 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Colorado Springs Philharmonic Orchestra has recieved totaling $46,984.
| Awarding Organization | Amount |
|---|---|
Bee Vradenburg Foundation Colorado Springs, CO PURPOSE: GENERAL OPERATING | $31,984 |
Bee Vradenburg Foundation Colorado Springs, CO PURPOSE: GENERAL OPERATING | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Symphony Association Denver, CO | $12,961,781 | $18,715,868 |
Oklahoma Philharmonic Society Inc Oklahoma City, OK | $16,602,843 | $6,401,721 |
Omaha Symphony Association Omaha, NE | $71,026,158 | $5,852,032 |
Tucson Symphony Society Tucson, AZ | $15,428,177 | $6,501,284 |
Phoenix Symphony Association Phoenix, AZ | $1,368,252 | $4,890,998 |
Tulsa Symphony Orchestra Inc Tulsa, OK | $3,114,616 | $2,041,644 |
New Mexico Philharmonic Inc Albuquerque, NM | $458,933 | $1,791,722 |
Wichita Symphony Society Inc Wichita, KS | $8,512,602 | $2,677,998 |
Colorado Springs Philharmonic Orchestra Colorado Springs, CO | $3,792,415 | $1,751,968 |
Santa Fe Symphony Orchestra & Chorus Inc Santa Fe, NM | $1,008,927 | $1,681,988 |
The Symphony Fund Denver, CO | $76,088,728 | $4,099,144 |
Boulder Philharmonic Orchestra Boulder, CO | $1,166,319 | $1,630,291 |