Plano Symphony Orchestra Non-Profit Corp
- Assets
- $1.8m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 10
- Location
- Plano, TX
- Founding
- 06/1984
- Data as of
- 06/2023
- EIN
- 75-1929103
Organization Overview
Plano Symphony Orchestra Non-Profit Corp is located in Plano, TX. The organization was established in 1984. 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 06/2023, Plano Symphony Orchestra Non-Profit Corp employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plano Symphony Orchestra Non-Profit Corp 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 06/2023, Plano Symphony Orchestra Non-Profit Corp generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2023. 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
IT IS THE MISSION OF OUR ORCHESTRA TO INSPIRE, EDUCATE, ENTERTAIN AND INVOLVE THE CHILDREN, YOUTH AND ADULTS OF OUR COMMUNITY IN THE ENJOYMENT OF GREAT MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLANO SYMPHONY PRESENTS OVER 200 CONCERTS AND EVENTS EACH YEAR TO AN ANNUAL AUDIENCE OF OVER 100,000. THE 2022/2023 SEASON INCLUDED: SUBSCRIPTION SERIES OF 8 CONCERTS, SEPTEMBER THRU APRIL, ALL MADE AVAILABLE THROUGH A HYBRID PRESENTATION OF IN-PERSON AND LIVE STREAMING; FAMILY CONCERT SERIES OF 7 CONCERTS ACROSS 3 DIFFERENT CITIES; SCHOOL CONCERT EDUCATION PROGRAM PRESENTED 12 PERFORMANCES, REACHING 17,000 AREA 3RD-5TH GRADERS; ALL SCHOOLS RECEIVED A MUSICIAN VISIT (150+ IN TOTAL). OTHER EVENTS WERE HELD FOR AWARENESS, DONOR CULTIVATION AND APPRECIATION, AND MARKETING PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brockette Marion President | OfficerTrustee | 1 | $0 |
Mills Brenda Vice President | OfficerTrustee | 1 | $0 |
Julianne Barnum Secretary | OfficerTrustee | 1 | $0 |
Mike Mangum Treasurer | OfficerTrustee | 1 | $0 |
Baggett Bobby Director | Trustee | 1 | $0 |
Boeger Bret Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $82,500 |
| Related organizations | $0 |
| Government grants | $225,953 |
| All other contributions, gifts, grants, and similar amounts not included above | $430,456 |
| Noncash contributions included in lines 1a–1f | $14,314 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $738,909 |
| Total Program Service Revenue | $770,022 |
| Investment income | $12,070 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,545 |
| Net Income from Fundraising Events | $12,257 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,549,803 |
| 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. | $159,870 |
| Compensation of current officers, directors, key employees. | $27,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $339,385 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,784 |
| Payroll taxes | $29,653 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $563,677 |
| Advertising and promotion | $118,248 |
| Office expenses | $14,352 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,614 |
| Travel | $192 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,480 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,739 |
| Insurance | $12,252 |
| All other expenses | $56,064 |
| Total functional expenses | $1,753,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $319,976 |
| Savings and temporary cash investments | $266,137 |
| Pledges and grants receivable | $219,065 |
| 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 | $35,671 |
| Net Land, buildings, and equipment | $599,186 |
| Investments—publicly traded securities | $330,514 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,770,549 |
| Accounts payable and accrued expenses | $74,601 |
| Grants payable | $0 |
| Deferred revenue | $388,286 |
| 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 | $419,652 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $882,539 |
| Net assets without donor restrictions | $591,281 |
| Net assets with donor restrictions | $296,729 |
| 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 | $1,770,549 |