Plano Symphony Orchestra Non-Profit Corp
- Assets
- $1.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Plano, TX
- Founding
- 06/1984
- Data as of
- 06/2021
- 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 06/2021, Plano Symphony Orchestra Non-Profit Corp employed 8 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 06/2021, Plano Symphony Orchestra Non-Profit Corp generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) 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
IT IS THE MISSION OF THE PLANO SYMPHONY 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 APPROXIMATELY 190,000. THIS NUMBER WAS LESSENED DUE THE CONTINUATION OF THE COVID-19 PANDEMIC. THE 2020-2021 SEASON INCLUDED: - SUBSCRIPTION SERIES OF 8 CONCERTS, ALL MADE AVAILABLE THROUGH A HYBRID PRESENTATION OF IN-PERSON AND LIVE STREAMING - FAMILY SERIES OF 5 CONCERTS ACROSS THREE DIFFERENT CITIES - SCHOOL CONCERTS PRESENTED BOTH IN PERSON AND STREAMED ACROSS 4 PERFORMANCES, REACHING MORE THAN 7,000 AREA 4TH AND 5TH GRADERS; ALL SCHOOLS RECEIVED A MUSICIAN VISIT RECORDING. BEFORE THE COVID CRISIS, MANY CONCERTS WERE SOLD OUT AND MANY OTHER EVENTS WERE HELD FOR AWARENESS, DONOR CULTIVATION AND APPRECIATION, AND MARKETING PURPOSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reed Robert A Executive Di | Officer | 40 | $83,519 |
Barber Craig President | OfficerTrustee | 1 | $0 |
Brockette Marion Vice Preside | OfficerTrustee | 1 | $0 |
Orr Janie Secretary | OfficerTrustee | 1 | $0 |
Mangum Mike Treasurer | OfficerTrustee | 1 | $0 |
Barnum Julianne Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $73,850 |
| Related organizations | $0 |
| Government grants | $223,658 |
| All other contributions, gifts, grants, and similar amounts not included above | $295,292 |
| Noncash contributions included in lines 1a–1f | $6,670 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $592,800 |
| Total Program Service Revenue | $615,508 |
| Investment income | $5,317 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,276 |
| Net Income from Fundraising Events | $97,660 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,338,686 |
| 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. | $83,520 |
| Compensation of current officers, directors, key employees. | $16,704 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $366,568 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,842 |
| Payroll taxes | $31,946 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,418 |
| Fees for services: Other | $291,812 |
| Advertising and promotion | $72,132 |
| Office expenses | $18,003 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,879 |
| Travel | $163 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,627 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,819 |
| Insurance | $11,215 |
| All other expenses | $35,207 |
| Total functional expenses | $1,343,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,442 |
| Savings and temporary cash investments | $16,729 |
| Pledges and grants receivable | $200,286 |
| 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 | $37,826 |
| Net Land, buildings, and equipment | $605,232 |
| Investments—publicly traded securities | $359,547 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,020 |
| Total assets | $1,380,082 |
| Accounts payable and accrued expenses | $101,413 |
| Grants payable | $0 |
| Deferred revenue | $207,986 |
| 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 | $433,706 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $743,105 |
| Net assets without donor restrictions | $460,624 |
| Net assets with donor restrictions | $176,353 |
| 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 | $1,380,082 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Plano Symphony Orchestra Non-Profit Corp has recieved totaling $83,924.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $25,924 |
Andrea Family Foundation Wilmington, DE PURPOSE: SCHOOL CONCERT PROGRAM | $25,000 |
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX PURPOSE: GENERAL SUPPORT | $15,000 |
Taca Inc Dallas, TX PURPOSE: ARTS | $11,000 |
Frisco Association For The Arts Frisco, TX | | $7,000 |
Endowment Analysis
| Beg. Balance | $135,617 |
| Earnings | $15,059 |
| Ending Balance | $150,676 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
El Paso Symphony Orchestra Assn El Paso, TX | $1,877,584 | $1,540,640 |
River Oaks Chamber Orchestra Houston, TX | $650,565 | $1,492,663 |