Austin Symphony Orchestra Society
- Assets
- $8.5m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 243
- Location
- Austin, TX
- Founding
- 07/1941
- Data as of
- 08/2023
- EIN
- 74-6000068
Organization Overview
Austin Symphony Orchestra Society is located in Austin, TX. The organization was established in 1941. 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 08/2023, Austin Symphony Orchestra Society employed 243 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Austin Symphony Orchestra Society 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 08/2023, Austin Symphony Orchestra Society generated $6.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $6.3m during the year ending 08/2023. While expenses have increased by 3.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESENT, PROMOTE, ENCOURAGE, AND ADVANCE MUSICAL EDUCATION AND ENJOYMENT OF ORCHESTRA MUSIC TO THE CITIZENS OF AUSTIN AND CENTRAL TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AUSTIN SYMPHONY ORCHESTRA SOCIETY, INC. PERFORMED ITS REGULAR 8 CONCERT SUBSCRIPTION AND 4 POPS SERIES CONCERTS AS TICKETED EVENTS TO LIVE AUDIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ernest C Butler Chairman, Executive Commitee | OfficerTrustee | 0.25 | $0 |
Ben Bentzin President | OfficerTrustee | 0.5 | $0 |
Karen Leeke Past President | OfficerTrustee | 0.25 | $0 |
Linda Van Bavel Executive Vice President | OfficerTrustee | 0.25 | $0 |
Ronald C Jernigan Executive Vice President | OfficerTrustee | 0.25 | $0 |
Lindsey Rima Felix Secretary | OfficerTrustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $101,100 |
| Related organizations | $585,030 |
| Government grants | $437,232 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,646,542 |
| Noncash contributions included in lines 1a–1f | $16,414 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,769,904 |
| Total Program Service Revenue | $2,372,284 |
| Investment income | $71,375 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $172 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $57,976 |
| Net Income from Fundraising Events | $169,051 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,594,613 |
| 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. | $389,396 |
| Compensation of current officers, directors, key employees. | $99,606 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,925,935 |
| Pension plan accruals and contributions | $82,576 |
| Other employee benefits | $123,548 |
| Payroll taxes | $257,089 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,036 |
| Fees for services: Accounting | $21,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $56,000 |
| Fees for services: Investment Management | $2,232 |
| Fees for services: Other | $175,628 |
| Advertising and promotion | $245,941 |
| Office expenses | $193,613 |
| Information technology | $126,489 |
| Royalties | $0 |
| Occupancy | $245,719 |
| Travel | $2,060 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,961 |
| Interest | $16,172 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,551 |
| Insurance | $29,072 |
| All other expenses | $0 |
| Total functional expenses | $6,343,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $476,798 |
| Savings and temporary cash investments | $3,576,336 |
| Pledges and grants receivable | $610,139 |
| Accounts receivable, net | $173,849 |
| 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 | $156,712 |
| Net Land, buildings, and equipment | $3,354,397 |
| Investments—publicly traded securities | $153,103 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,501,334 |
| Accounts payable and accrued expenses | $134,206 |
| Grants payable | $0 |
| Deferred revenue | $980,512 |
| 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 | $494,645 |
| Other liabilities | $0 |
| Total liabilities | $1,609,363 |
| Net assets without donor restrictions | $6,220,853 |
| Net assets with donor restrictions | $671,118 |
| 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 | $8,501,334 |