Amarillo Symphony Inc

Organization Overview

Amarillo Symphony Inc is located in Amarillo, TX. The organization was established in 1945. 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 06/2022, Amarillo Symphony Inc employed 183 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amarillo Symphony 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 06/2022, Amarillo Symphony Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $2.7m during the year ending 06/2022. While expenses have increased by 7.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE AMARILLO SYMPHONY INSPIRES, EDUCATES, AND UNITES OUR REGION THROUGH THE POWER OF MUSIC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMOTED AND PROVIDED CULTURAL, ENTERTAINING, AND EDUCATIONAL MUSICAL EXPERIENCES TO RESIDENTS OF THE TEXAS PANHANDLE. PERSONS SERVED THROUGH COMMUNITY CONCERTS, EDUCATIONAL EVENTS, YOUTH AND OTHER PROGRAMS TOTALED APPROXIMATELY 28,000 PERSONS.


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Board, Officers & Key Employees

Name (title)Compensation
Andrew R Hay
Executive Di
$70,168
Clint Esler
Secretary
$0
Alan Rhodes
President
$0
Terry Sheldon
Treasurer
$0
Terry White
Vice Preside
$0
Larry Lang
Executive Di
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$2,730
Fundraising events$156,703
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,318,170
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,477,603
Total Program Service Revenue$841,892
Investment income $158,876
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $119,498
Net Income from Fundraising Events $3,388
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,592,502

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Amarillo Symphony Inc has recieved totaling $2,000.

Awarding OrganizationAmount
William O & Louise H Mullins Foundation Trust

Amarillo, TX

PURPOSE: UNRESTRICTED OPERATING

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,208,214
Earnings-$232,101
Net Contributions$9,425
Other Expense$207,544
Ending Balance$1,777,994

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