Waco Symphony Association Inc
- Assets
- $500.1k
- Revenue
- $371.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Waco, TX
- Founding
- 04/1964
- Data as of
- 04/2021
- EIN
- 74-6062658
Organization Overview
Waco Symphony Association Inc is located in Waco, TX. The organization was established in 1964. 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 04/2022, Waco Symphony Association Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waco 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 04/2021, Waco Symphony Association Inc generated $371.6k 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 (16.6%) each year. All expenses for the organization totaled $378.5k during the year ending 04/2021. As we would expect to see with falling revenues, expenses have declined by (14.9%) 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
SUPPORT OF THE WACO SYMPHONY AND RELATED EVENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONCERTS - IN LINE WITH THE WACO SYMPHONY'S MISSION STATEMENT OF BRINGING CLASSICAL MUSIC TO THE LOCAL COMMUNITY, THE WACO SYMPHONY PRESENTED FIVE CLASSICAL CONCERTS DURING THE YEAR WHICH INCLUDED GUEST ARTISTS MIA OROSCO KELSO AND THE NAUGHTON SISTERS. THE WSA PROVIDES AN INTERNSHIP FOR COLLEGE STUDENTS MAJORING IN MUSIC PERFORMANCE, WHICH AFFORDS THEM AN OPPORTUNITY TO PERFORM WITH THE WACO SYMPHONY ORCHESTRA. IN ADDITION TO THE OPPORTUNITY TO PERFORM WITH A PROFESSIONAL ORCHESTRA THROUGH THE INTERNSHIP, STUDENTS ARE AWARDED A SCHOLARSHIP FOR THEIR COLLEGE EDUCATION.
BELLES AND BRASS - THE WACO SYMPHONY ASSOCIATION'S LONG-STANDING BELLE AND BRASS PROGRAM ACCEPTS HIGH SCHOOL SOPHOMORE AND JUNIOR GIRLS AND JUNIOR BOYS IN AN ETIQUETTE TRAINING AND CLASSICAL MUSIC APPRECIATION PROGRAM WHICH NOT ONLY INTRODUCES YOUNG STUDENTS TO THE WORLD OF CLASSICAL MUSIC BUT ALSO ENCOURAGES THEIR PARENTS TO ATTEND ALL SYMPHONY CONCERT PERFORMANCES.
WACO YOUTH ORCHESTRA- THE ASSOCIATION SPONSORS THE WACO YOUTH ORCHESTRA AND ALSO PAYS TUITION FOR SELECT STUDENTS AS NEEDED AND REQUESTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Taylor Executive Director 5/1/21-08/31/21 | Officer | 50 | $64,783 |
Carolyn Bess Executive Director 9/1/21-04/30/22 | Officer | 50 | $36,667 |
Joe Calao President | OfficerTrustee | 2 | $0 |
Ann Harder President-Elect | OfficerTrustee | 1 | $0 |
Jana Millar Co-Vice-Pres.,artistc Advisor | OfficerTrustee | 1 | $0 |
Tyrha Lindsey-Warren Vice-Pres.,audience Development | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,510 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $79,165 |
| All other contributions, gifts, grants, and similar amounts not included above | $198,668 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $290,343 |
| Total Program Service Revenue | $78,004 |
| Investment income | $3,295 |
| 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 | $371,642 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,150 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,771 |
| Compensation of current officers, directors, key employees. | $21,337 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,699 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,943 |
| Payroll taxes | $17,760 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,765 |
| Office expenses | $6,880 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,640 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $480 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,869 |
| Insurance | $4,102 |
| All other expenses | $6,023 |
| Total functional expenses | $378,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $346,598 |
| Savings and temporary cash investments | $150,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,481 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $500,079 |
| Accounts payable and accrued expenses | $6,504 |
| Grants payable | $0 |
| Deferred revenue | $126,342 |
| 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 | $132,846 |
| Net assets without donor restrictions | $367,233 |
| 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 | $500,079 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Waco Symphony Association Inc has recieved totaling $37,539.
| Awarding Organization | Amount |
|---|---|
Creative Waco Waco, TX PURPOSE: OPERATIONAL SUPPORT | $37,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
Endowment Analysis
| Beg. Balance | $170,300 |
| Earnings | -$15,115 |
| Admin Expense | $714 |
| Ending Balance | $154,471 |
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 |