Fort Worth Symphony Orchestra Association Inc
- Assets
- $39.4m
- Revenue
- $15.3m
- Investments
- $0.0
- Employees
- 310
- Location
- Fort Worth, TX
- Founding
- 10/1958
- Data as of
- 07/2021
- EIN
- 75-6004761
Organization Overview
Fort Worth Symphony Orchestra Association Inc is located in Fort Worth, TX. The organization was established in 1958. 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 07/2021, Fort Worth Symphony Orchestra Association Inc employed 310 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Worth Symphony Orchestra 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 07/2021, Fort Worth Symphony Orchestra Association Inc generated $15.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $11.8m during the year ending 07/2021. 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
PERFORM GREAT SYMPHONIC MUSIC TO EDUCATE, ENTERTAIN, AND ENHANCE LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORCHESTRAL PRODUCTIONS -- 26 SYMPHONIC, 12 POPS AND 3 SPECIAL PERFORMANCES WITH AN ATTENDANCE OF APPROXIMATELY 5,162. AMIDST THE PANDEMIC, THE FWSO MAINTAINED A MODIFIED SEASON ALLOWING FOR SOCIAL DISTANCING WITH A REDUCED CAPACITY.
EDUCATIONAL PROGRAMS -- DURING THE PANDEMIC, FWSO'S EDUCATIONAL PROGRAMS WERE MOVED TO ONLINE PERFORMANCES THROUGH INNOVATIVE APPROACHES REACHING 14,480 STUDENTS VIA KINDERCONCERTS, 15,575 VIA YOUNG PERSONS' CONCERTS AND 8,870 STUDENTS VIA LINKUP WITH CARNEGIE HALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Keith Cerny President And CEO | OfficerTrustee | 40 | $212,729 |
Miguel Harth-Bedoya Music Director | Officer | 40 | $174,217 |
Carrie Adamian Chief Marketing Officer | 40 | $140,710 | |
Julie Baker VP Development | 40 | $136,095 | |
Michael Shih Concert Master | 40 | $129,264 | |
David Sanders VP Finance And CFO | Officer | 40 | $123,537 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hck2 Marketing And Creative Service | 7/30/21 | $188,889 |
Onstage Systems Auditorium Equipment And Stage Setup | 7/30/21 | $160,207 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $467,350 |
| Related organizations | $0 |
| Government grants | $3,357,971 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,758,387 |
| Noncash contributions included in lines 1a–1f | $475,808 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,583,708 |
| Total Program Service Revenue | $1,150,052 |
| Investment income | $531,819 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,018,984 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,284,563 |
| 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. | $485,248 |
| Compensation of current officers, directors, key employees. | $278,324 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,186,858 |
| Pension plan accruals and contributions | $314,370 |
| Other employee benefits | $1,215,248 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $115,968 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $114,460 |
| Fees for services: Other | $133,498 |
| Advertising and promotion | $293,026 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $550,595 |
| Travel | $1,679 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $134,583 |
| Interest | $165,492 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,251 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $11,797,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,300,687 |
| Pledges and grants receivable | $1,279,250 |
| Accounts receivable, net | $39,177 |
| 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 | $1,759,551 |
| Net Land, buildings, and equipment | $317,592 |
| Investments—publicly traded securities | $31,983,721 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,709,835 |
| Total assets | $39,389,813 |
| Accounts payable and accrued expenses | $516,037 |
| Grants payable | $0 |
| Deferred revenue | $1,698,872 |
| 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 | $2,214,909 |
| Net assets without donor restrictions | $1,139,218 |
| Net assets with donor restrictions | $36,035,686 |
| 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 | $39,389,813 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Fort Worth Symphony Orchestra Association Inc has recieved totaling $273,773.
| Awarding Organization | Amount |
|---|---|
Crystelle Waggoner Charitable Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $75,000 |
Community Foundation Of North Texas Fort Worth, TX PURPOSE: FOR GENERAL PURPOSES | $35,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $32,244 |
Community Foundation Of North Texas Fort Worth, TX PURPOSE: FOR GENERAL OPERATING SUPPORT | $32,000 |
Community Foundation Of North Texas Fort Worth, TX PURPOSE: FOR GENERAL PURPOSES | $20,000 |
United Way Of Greater St Louis Inc Saint Louis, MO PURPOSE: CCS - Strengthen Communities | $15,000 |
Endowment Analysis
| Beg. Balance | $25,202,888 |
| Earnings | $7,040,020 |
| Net Contributions | $1,706,716 |
| Other Expense | $1,240,903 |
| Ending Balance | $32,708,721 |
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 |