Olympia Symphony Orchestra
- Assets
- $986.2k
- Revenue
- $486.0k
- Investments
- $216.3k
- Employees
- 93
- Location
- Olympia, WA
- Founding
- 11/1968
- Data as of
- 06/2022
- EIN
- 91-6087694
Organization Overview
Olympia Symphony Orchestra is located in Olympia, WA. The organization was established in 1968. 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, Olympia Symphony Orchestra employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olympia 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 06/2022, Olympia Symphony Orchestra generated $486.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $428.9k during the year ending 06/2022. While expenses have increased by 2.6% 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
TO PROVIDE THE HIGHEST QUALITY LIVE MUSIC TO ENRICH, EDUCATE AND ENTERTAIN AN EXPANDING AUDIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BETWEEN JULY 1, 2021 AND JUNE 30, 2022 THE OLYMPIA SYMPHONY PRESENTED NINE ORCHESTRAL CONCERTS, THREE OF WHICH WERE FREE TO THE PUBLIC. OUTDOOR SUMMER CONCERTS IN OLYMPIA AND NEIGHBORING RURAL TENINO DREW A COMBINED AUDIENCE OF APPROXIMATELY 2,000 AS LIVE MUSIC RETURNED TO OUR COMMUNITIES FOLLOWING THE PANDEMIC. SIX SUBSCRIPTION CONCERTS AT THE WASHINGTON CENTER FOR THE PERFORMING ARTS SERVED A COMBINED AUDIENCE OF ALMOST 3,000, AND NEARLY 500 ATTENDED THE FREE HOLIDAY SINGALONG CONCERT. SUBSCRIPTION CONCERTS FEATURED MUSIC DIRECTOR FINALIST CONDUCTORS FROM BRAZIL, GREECE, CANADA, AND THE US, PERFORMING WITH 65 LOCAL PROFESSIONAL MUSICIANS. NUMEROUS SMALL ENSEMBLES VISITED RETIREMENT COMMUNITIES, COMMUNITY ARTS FESTIVALS, AND FUNDRAISING EVENTS.
BETWEEN JULY 1, 2021 AND JUNE 30, 2022 THE OLYMPIA SYMPHONY PROVIDED INSTRUCTION AT EIGHT THURSTON COUNTY HIGH SCHOOLS, AS MUSIC DIRECTOR FINALISTS CONDUCTED ORCHESTRA AND BAND REHEARSALS. IN ADDITION, FOUR REHEARSALS OF STUDENT ORCHESTRAS OF GREATER OLYMPIA (SOGO) WERE CONDUCTED BY THE VISITING ARTISTS. TWO COLLABORATIONS WERE COMPLETED AT COMMUNITY "CONDUCT US" EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Hermann Executive Director | Officer | 40 | $56,000 |
Laurel Gonzalo Secretary | OfficerTrustee | 1.5 | $0 |
Lena Mendiola Vice President | OfficerTrustee | 2 | $0 |
Craig Stephens Treasurer | OfficerTrustee | 4 | $0 |
Bill Tweit President | OfficerTrustee | 3 | $0 |
Eric Charneski Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,464 |
| Related organizations | $0 |
| Government grants | $26,038 |
| All other contributions, gifts, grants, and similar amounts not included above | $176,582 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,084 |
| Total Program Service Revenue | $169,076 |
| Investment income | $61,116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,499 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $486,016 |
| 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. | $56,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $178,127 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,534 |
| 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 | $1,621 |
| Fees for services: Other | $22,239 |
| Advertising and promotion | $14,356 |
| Office expenses | $16,392 |
| Information technology | $6,022 |
| Royalties | $200 |
| Occupancy | $10,200 |
| Travel | $14,605 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,773 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,678 |
| Insurance | $3,308 |
| All other expenses | $0 |
| Total functional expenses | $428,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $291,104 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,840 |
| 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 | $2,277 |
| Net Land, buildings, and equipment | $14,531 |
| Investments—publicly traded securities | $63,434 |
| Investments—other securities | $216,278 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $372,774 |
| Total assets | $986,238 |
| Accounts payable and accrued expenses | $30,328 |
| Grants payable | $0 |
| Deferred revenue | $3,500 |
| 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 | $2,218 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $36,046 |
| Net assets without donor restrictions | $950,192 |
| Net assets with donor restrictions | $0 |
| 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 | $986,238 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Olympia Symphony Orchestra has recieved totaling $46,598.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of South Puget Sound Olympia, WA PURPOSE: OPERATING | $36,533 |
Tucker Family Foundation Mountlake Terrace, WA PURPOSE: CULTURAL ENHANCEMENT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $65 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seattle Symphony Orchestra Inc Seattle, WA | $18,857,224 | $30,239,580 |
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 |