Symphony Tacoma
- Assets
- $1.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 147
- Location
- Tacoma, WA
- Founding
- 03/1961
- Data as of
- 06/2022
- EIN
- 91-6032976
Organization Overview
Symphony Tacoma is located in Tacoma, WA. The organization was established in 1961. 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 06/2022, Symphony Tacoma employed 147 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Symphony Tacoma 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 06/2022, Symphony Tacoma generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 2.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SYMPHONY TACOMA'S MISSION IS "BUILDING COMMUNITY THROUGH MUSIC."
Describe the Organization's Program Activity:
Part 3 - Line 4a
SYMPHONY TACOMA IS A WASHINGTON STATE NONPROFIT ORGANIZATION FOUNDED IN 1946 AND CURRENTLY HAS 80 CONTRACT MUSICIANS AND AN AFFILIATED VOLUNTEER CHORUS. SYMPHONY TACOMA'S MISSION IS "BUILDING COMMUNITY THROUGH MUSIC." SYMPHONY TACOMA ENGAGED IN A MULTI-YEAR INITIATIVE TO CHAMPION DIVERSITY, EQUITY, INCLUSION, ACCESS AND BELONGING IN ALL ASPECTS OF OUR BUSINESS. OUR SUBSCRIPTION SERIES FEATURED A DIVERSE ARRAY OF GUEST ARTIST AND REPERTOIRE. AS A CHAMPION OF NEW MUSIC, MUSIC DIRECTOR SARAH IOANNIDES HAS PREMIERED SEVERAL WORKS BY LIVING COMPOSERS, A RARITY IN OUR INDUSTRY. OUR EDUCATION PROGRAMS RETURNED TO IN-PERSON THIS YEAR. OUR SYMPHONY2U PROGRAM SUPPORTING MIDDLE AND HIGH SCHOOL STRING PROGRAMS WAS EXPANDED AND DELIVERED IN-PERSON TO SEVEN SCHOOLS AND PROVIDED CONSECUTIVE WEEKS OF INTENSIVE COACHING AND PERFORMANCES. WE WERE ONE OF JUST A FEW ORGANIZATIONS IN TACOMA TO HAVE PERFORMANCES THAT WERE USED AS A FIELD TRIP (OUR SIMPLY SYMPHONIC SERIES). IN ADDITION, SYMPHONY TACOMA CREATED OPPORTUNITIES TO HAVE FREE PERFORMANCES AND OTHER OPPORTUNITIES. WE BROUGHT MUSICIANS TO PERFORM AT THE FARMER'S MARKET AND OFFERED FREE MASTERCLASSES LED BY NOTABLE ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Ioannides Music Director | 40 | $106,912 | |
Karina Bharne Executive Director | Officer | 40 | $92,510 |
Rick Meeder Vice President | OfficerTrustee | 2 | $0 |
Julie Dunbar Treasurer | OfficerTrustee | 2 | $0 |
Patricia Wooster Secretary | OfficerTrustee | 2 | $0 |
Dianne K Conway President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $90,595 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,265,603 |
| Noncash contributions included in lines 1a–1f | $14,970 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,356,198 |
| Total Program Service Revenue | $268,502 |
| Investment income | $16,052 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,175 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,665,927 |
| 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. | $107,327 |
| Compensation of current officers, directors, key employees. | $21,465 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $728,450 |
| Pension plan accruals and contributions | $16,600 |
| Other employee benefits | $65,187 |
| Payroll taxes | $70,698 |
| 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 | $61,997 |
| Advertising and promotion | $80,391 |
| Office expenses | $33,471 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,387 |
| Travel | $1,765 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,323 |
| Insurance | $9,814 |
| All other expenses | $12,647 |
| Total functional expenses | $1,357,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $324,845 |
| Savings and temporary cash investments | $143,045 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $354,660 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,491 |
| Prepaid expenses and deferred charges | $16,744 |
| Net Land, buildings, and equipment | $5,451 |
| Investments—publicly traded securities | $1,028,030 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,799 |
| Total assets | $1,937,065 |
| Accounts payable and accrued expenses | $8,117 |
| Grants payable | $0 |
| Deferred revenue | $85,876 |
| 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 | $93,993 |
| Net assets without donor restrictions | $741,822 |
| Net assets with donor restrictions | $1,101,250 |
| 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 | $1,937,065 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Symphony Tacoma has recieved totaling $114,462.
| Awarding Organization | Amount |
|---|---|
Ben B Cheney Foundation Inc Tacoma, WA PURPOSE: 2021-22 AND 2022-23 SYMPHONY SEASONS | $40,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $24,951 |
Bates Family Foundation Tacoma, WA PURPOSE: PAYMENT FOR THE BENEFIT OF THE ORGANIZATION | $20,000 |
Gottfried & Mary Fuchs Foundation Phoenix, AZ PURPOSE: CHARITABLE | $14,000 |
Greater Tacoma Community Foundation Tacoma, WA PURPOSE: OPERATING SUPPORT | $8,900 |
L T Murray Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $4,000 |
Endowment Analysis
| Beg. Balance | $1,102,990 |
| Earnings | -$96,633 |
| Admin Expense | $380 |
| Net Contributions | $1,250 |
| Ending Balance | $1,007,227 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Symphony Association Portland, OR | $27,740,551 | $13,773,397 |
Spokane Symphony Society Spokane, WA | $21,554,106 | $5,421,713 |
Eugene Symphony Association Inc Eugene, OR | $630,258 | $3,023,786 |
Boise Philharmonic Association Inc Boise, ID | $1,686,396 | $2,920,206 |
Seattle Symphony Foundation Seattle, WA | $45,740,973 | $2,180,352 |
Portland Youth Philharmonic Association Portland, OR | $5,269,398 | $1,550,813 |
Symphony Tacoma Tacoma, WA | $1,937,065 | $1,665,927 |
Portland Baroque Orchestra Portland, OR | $709,672 | $1,187,093 |
Metropolitan Youth Symphony Portland, OR | $1,134,069 | $1,228,572 |
Seattle Youth Symphony Orchestra Seattle, WA | $2,216,519 | $1,310,501 |
Bellevue Youth Symphony Orchestra Bellevue, WA | $708,416 | $694,146 |
The Vancouver Symphony Orchestra Vancouver, WA | $456,487 | $913,941 |