Philharmonic Society Of Orange County
- Assets
- $3.9m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 21
- Location
- Irvine, CA
- Founding
- 07/1955
- Data as of
- 06/2022
- EIN
- 95-1805452
Organization Overview
Philharmonic Society Of Orange County is located in Irvine, CA. The organization was established in 1955. 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, Philharmonic Society Of Orange County employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philharmonic Society Of Orange County 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, Philharmonic Society Of Orange County generated $5.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $3.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AN APPRECIATION FOR MUSIC BY PRESENTING PERFORMANCES AND MUSIC EDUCATION PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONCERTS - SPONSORS WORLD-CLASS ORCHESTRAS AND OTHER MUSICAL PERFORMANCES FOR ARTISTIC AND MUSICAL ENRICHMENT OF ORANGE COUNTY, CA.
YOUTH PROGRAMS - SPONSORS FREE MUSICAL CONCERTS, PROGRAMS, AND EDUCATION TO PROMOTE MUSICAL APPRECIATION TO ORANGE COUNTY SCHOOL CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Phillips President | Officer | 40 | $233,199 |
Roan Alombro VP Of Finance | Officer | 28 | $86,235 |
Jean Hsu COO | Officer | 32 | $104,650 |
John Flemming Chairperson | OfficerTrustee | 1 | $0 |
Donna Kendall Past Chair | OfficerTrustee | 1 | $0 |
Stephen Amendt Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
London Symphony Orchestra Ltd Artist Performance Fee | 6/29/22 | $160,000 |
Opus 3 Artists Llc Artist Performance Fee | 6/29/22 | $154,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $91,646 |
| Fundraising events | $326,532 |
| Related organizations | $0 |
| Government grants | $1,330,483 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,200,574 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,949,235 |
| Total Program Service Revenue | $1,377,527 |
| Investment income | $1,774 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$298,557 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,029,979 |
| 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. | $459,858 |
| Compensation of current officers, directors, key employees. | $120,723 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $650,415 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $82,480 |
| Payroll taxes | $82,263 |
| Fees for services: Management | $60,635 |
| 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 | $38,994 |
| Information technology | $43,406 |
| Royalties | $0 |
| Occupancy | $103,692 |
| Travel | $11,670 |
| 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 | $3,680 |
| Insurance | $31,383 |
| All other expenses | $83,804 |
| Total functional expenses | $3,577,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $833,317 |
| Savings and temporary cash investments | $2,756,282 |
| Pledges and grants receivable | $73,972 |
| Accounts receivable, net | $13,750 |
| 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 | $34,182 |
| Net Land, buildings, and equipment | $8,804 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $187,456 |
| Total assets | $3,907,763 |
| Accounts payable and accrued expenses | $196,088 |
| Grants payable | $0 |
| Deferred revenue | $299,409 |
| 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 | $495,497 |
| Net assets without donor restrictions | $2,648,520 |
| Net assets with donor restrictions | $763,746 |
| 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 | $3,907,763 |