Las Vegas Philharmonic
- Assets
- $664.3k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 171
- Location
- Las Vegas, NV
- Founding
- 11/1998
- Data as of
- 06/2021
- EIN
- 88-0398092
Organization Overview
Las Vegas Philharmonic is located in Las Vegas, NV. The organization was established in 1998. 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, Las Vegas Philharmonic employed 171 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Las Vegas Philharmonic 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, Las Vegas Philharmonic generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (11.4%) 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
THE MISSION OF THE LAS VEGAS PHILHARMONIC IS TO PERFORM MUSIC THAT ENRICHES AND EDUCATES, HELPING TO BUILD A VIBRANT, CULTURALLY RICH COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALTERNATE DIGITAL PROGRAMMING DURING COVID PANDEMIC. NO LIVE PUBLIC CONCERTS WERE PERFORMED DURING THIS FISCAL YEAR.
COMPLETE CONCERT SEASON WITH ONLINE ORCHESTRA SHOWS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellis Landau Treasurer | OfficerTrustee | 2 | $0 |
Jeri Crawford Chairman | OfficerTrustee | 5 | $0 |
Patricia Pieper Fink Secretary | OfficerTrustee | 2 | $0 |
Rachelle Crupi Vice Chairman | OfficerTrustee | 2 | $0 |
Scott Kerestesi Past Chair | Trustee | 0 | $0 |
Amber Fontaine Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $67,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,226,483 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,293,983 |
| Total Program Service Revenue | $6,852 |
| Investment income | $308 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,151 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,580,786 |
| 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 | $463,143 |
| Pension plan accruals and contributions | $6,140 |
| Other employee benefits | $50,555 |
| Payroll taxes | $45,791 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,137 |
| Fees for services: Accounting | $43,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,629 |
| Advertising and promotion | $55,603 |
| Office expenses | $32,108 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,576 |
| Travel | $22,285 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,284 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,485 |
| Insurance | $16,830 |
| All other expenses | $15,378 |
| Total functional expenses | $1,027,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450,431 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,363 |
| 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 | $10,233 |
| Net Land, buildings, and equipment | $54,929 |
| Investments—publicly traded securities | $45,575 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,817 |
| Total assets | $664,348 |
| Accounts payable and accrued expenses | $76,715 |
| Grants payable | $0 |
| Deferred revenue | $118,114 |
| 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 | $384,608 |
| Other liabilities | $90,594 |
| Total liabilities | $670,031 |
| Net assets without donor restrictions | -$86,736 |
| Net assets with donor restrictions | $81,053 |
| 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 | $664,348 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Las Vegas Philharmonic has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Tito And Sandra Tiberti Foundation Las Vegas, NV PURPOSE: CHARITABLE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Diego Symphony Orchestra Association San Diego, CA | $168,111,113 | $56,683,795 |
Oregon Symphony Association Portland, OR | $27,740,551 | $13,773,397 |
Pacific Symphony Irvine, CA | $52,133,763 | $17,603,170 |
San Diego Symphony Foundation San Diego, CA | $121,018,561 | $925,945 |
Philharmonia Baroque Orchestra & Chorale San Francisco, CA | $8,005,058 | $4,824,687 |
Santa Rosa Symphony Association Santa Rosa, CA | $23,001,628 | $6,302,463 |
Tucson Symphony Society Tucson, AZ | $15,428,177 | $6,501,284 |
Phoenix Symphony Association Phoenix, AZ | $1,368,252 | $4,890,998 |
Pasadena Symphony Association Pasadena, CA | $11,596,205 | $5,563,647 |
Santa Barbara Symphony Orchestra Association Santa Barbara, CA | $1,028,763 | $2,763,199 |
The Los Angeles Chamber Orchestra Society Inc Los Angeles, CA | $5,194,806 | $3,490,076 |
Eugene Symphony Association Inc Eugene, OR | $630,258 | $3,023,786 |