Anchorage Symphony Orchestra
- Assets
- $988.0k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 21
- Location
- Anchorage, AK
- Founding
- 01/1953
- Data as of
- 06/2022
- EIN
- 92-6002867
Organization Overview
Anchorage Symphony Orchestra is located in Anchorage, AK. The organization was established in 1953. 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, Anchorage Symphony Orchestra employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anchorage 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, Anchorage Symphony Orchestra generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $945.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 years. 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
TO SUPPORT, PRODUCE AND PROMOTE SYMPHONIC MUSIC IN THE ANCHORAGE AREA.
Describe the Organization's Program Activity:
PRODUCTION OF CONCERTS AND PROMOTION OF SYMPHONIC MUSIC IN THE ANCHORAGE AREA. DUE TO COVID-19 RESTRICTIONS IN FY21, ASO STREAMED ALL OF ITS CONCERTS ON-LINE, SELLING NO TICKETS FOR LIVE PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Bernier Past Preside | Trustee | $0 | |
Caroline Blair Secretary | OfficerTrustee | $0 | |
Jan Cawvey Past Preside | Trustee | $0 | |
Jessica Cederberg Director | Trustee | $0 | |
John Cleveland Asopa Repres | Trustee | $0 | |
Marcie Errico Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $375,228 |
| All other contributions, gifts, grants, and similar amounts not included above | $514,137 |
| Noncash contributions included in lines 1a–1f | $20,675 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $889,365 |
| Total Program Service Revenue | $163,368 |
| Investment income | -$22,682 |
| 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 | $62,983 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,093,034 |
| 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 | $240,421 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,417 |
| Payroll taxes | $21,701 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,285 |
| Office expenses | $13,690 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,197 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,300 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,729 |
| Insurance | $7,348 |
| All other expenses | $22,567 |
| Total functional expenses | $945,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,606 |
| Savings and temporary cash investments | $508,283 |
| Pledges and grants receivable | $42,459 |
| Accounts receivable, net | $3,819 |
| 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 | $10,631 |
| Net Land, buildings, and equipment | $10,246 |
| Investments—publicly traded securities | $165,716 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,227 |
| Total assets | $987,987 |
| Accounts payable and accrued expenses | $9,435 |
| Grants payable | $0 |
| Deferred revenue | $15,000 |
| 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 | $149,900 |
| Other liabilities | $1,398 |
| Total liabilities | $175,733 |
| Net assets without donor restrictions | $664,537 |
| Net assets with donor restrictions | $147,717 |
| 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 | $987,987 |