East Texas Symphony Orchestra
- Assets
- $4.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Tyler, TX
- Founding
- 02/1960
- Data as of
- 05/2022
- EIN
- 75-6013387
Organization Overview
East Texas Symphony Orchestra is located in Tyler, TX. The organization was established in 1960. 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 05/2022, East Texas Symphony Orchestra employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Texas Symphony Orchestra 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 05/2022, East Texas Symphony Orchestra generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $981.9k during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING THE HIGHEST POSSIBLE QUALITY OF SYMPHONIC ENTERTAINMENT THROUGH THE PRESENTATION OF CLASSICAL AND CONTEMPORARY MUSIC IN DIVERSE SETTINGS. EDUCATING, ENRICHING AND ENLIGHTENING AUDIENCES, INDIVIDUALS, ORGANIZATIONS, AND GROUPS ABOUT CLASSICAL AND CONTEMPORARY MUSIC. PROVIDING A DIVERSE MUSICAL FABRIC TO EAST TEXANS THROUGH THE COMMISSIONING OF COMPOSITIONS, RECORDING PERFORMANCES AND PRESENTATION OF A VARIETY OF MUSICAL WORKS AND MUSICIANS. BECOMING A PREMIER ORCHESTRA ASSOCIATION WITHIN OUR AMERICAN SYMPHONY ORCHESTRA LEAGUE PEER GROUP.
Describe the Organization's Program Activity:
THE MISSION OF THE EAST TEXAS SYMPHONY ORCHESTRA IS TO ENGAGE AND INSPIRE OUR COMMUNITY THROUGH EXCEPTIONAL MUSIC EDUCATION AND PERFORMANCE. AS THE ORGANIZATION EMERGED FROM THE RESTRICTIONS OF THE PANDEMIC, ACTIVITIES IN 2021-2022 INCLUDED THE FOLLOWING: A. PRESENTED ENSEMBLE PERFORMANCES IN OUTDOOR VENUES AROUND THE CITY IN THE SPRING AND SUMMER SERVING A CUMULATIVE AUDIENCE OF APPROXIMATELY 2,200.B. PROVIDED EDUCATIONAL PROGRAMS CULMINATING WITH FOUR LIVE PERFORMANCES BY ETSO MUSICIANS TO ELEMENTARY SCHOOLS IN THE REGION, SERVING A CUMULATIVE AUDIENCE OF APPROXIMATELY 3,400.C. RETURNED WITH THE PRESENTATION OF A FULL FIVE-CONCERT SERIES WITH LIVE PERMFORMANCES IN A CONCERT VENUE SERVING APPROXIMATELY 8,000 AUDIENCE MEMBERS.D. PRESENTED TWO BACK-TO-BACK LIVE SUMMER CONCERTS AT A LOCAL COLLEGE PERFORMING ARTS CENTER SERVING 1,600 GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Kavanaugh Vice Chair | OfficerTrustee | 1 | $0 |
Dr Dm Edwards Board Chair | OfficerTrustee | 1 | $0 |
Nancy Ulrich Vice Chair | OfficerTrustee | 1 | $0 |
Betty Bower Vice Chair | OfficerTrustee | 1 | $0 |
Annette Findley Director | Trustee | 1 | $0 |
Verna Hall Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $76,458 |
| Government grants | $108,437 |
| All other contributions, gifts, grants, and similar amounts not included above | $765,257 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $950,152 |
| Total Program Service Revenue | $246,276 |
| Investment income | $562 |
| 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 | $1,273,295 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,667 |
| Pension plan accruals and contributions | $1,560 |
| Other employee benefits | $14,388 |
| Payroll taxes | $25,438 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,945 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,338 |
| Interest | $1,300 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,335 |
| Insurance | $8,176 |
| All other expenses | $135,517 |
| Total functional expenses | $981,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,887 |
| Savings and temporary cash investments | $436,959 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $111,753 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $76,458 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,098 |
| Net Land, buildings, and equipment | $14,292 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,397,962 |
| Total assets | $4,162,409 |
| Accounts payable and accrued expenses | $7,716 |
| Grants payable | $0 |
| Deferred revenue | $975 |
| 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 | $8,691 |
| Net assets without donor restrictions | $703,756 |
| Net assets with donor restrictions | $3,449,962 |
| 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 | $4,162,409 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that East Texas Symphony Orchestra has recieved totaling $43,750.
| Awarding Organization | Amount |
|---|---|
Womens Fund Of Smith County Tyler, TX PURPOSE: PROGRAM SUPPORT | $35,000 |
James I Perkins Family Foundation Tyler, TX PURPOSE: COMMUNITY ENRICHMENT | $8,750 |
Endowment Analysis
| Beg. Balance | $3,655,322 |
| Earnings | -$385,238 |
| Net Contributions | $221,651 |
| Grants | $93,773 |
| Ending Balance | $3,397,962 |
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 |