Bakersfield Symphony Orchestra Inc
- Assets
- $623.3k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 186
- Location
- Bakersfield, CA
- Founding
- 06/1948
- Data as of
- 06/2023
- EIN
- 95-6001765
Organization Overview
Bakersfield Symphony Orchestra Inc is located in Bakersfield, CA. The organization was established in 1948. 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 06/2023, Bakersfield Symphony Orchestra Inc employed 186 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bakersfield Symphony Orchestra Inc 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 06/2023, Bakersfield Symphony Orchestra Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $1.0m during the year ending 06/2023. While expenses have increased by 1.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE BAKERSFIELD SYMPHONY IS TO UNIFY AND CELEBRATE OUR DIVERSE COMMUNITY THROUGH SHARED MUSICAL EXPERIENCES AND TO PROVIDE STUDENTS ACROSS KERN COUNTY, BUT ESPECIALLY THOSE IN RURAL AND DISADVANTAGED AREAS, EVERY OPPORTUNITY FOR QUALITY MUSICAL, ARTISTIC, AND EDUCATIONAL EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2022 2023 SEASON CONCERTSTHIS SEASON WAS WITHOUT COVID RESTRICTIONS ALL CONCERT PERFORMANCES WERE ATTENDED BY LIVE AUDIENCES.OPENING NIGHTAMERICAN COMPOSSERSVERDIS REQUIEMBERLIOZ AND RODRIGOHOME FOR THE HOLIDAYSTHE MAGICAL INSTRUMENTS OF HARRY POTTER - FAMILY MATINEE2022 2023 BSO NEXT (GENERATION) EDUCATION PROGRAMSATTENDED BY OVER 1000 STUDENTS FROM KERN COUNTY SCHOOLS2023 YOUNG PEOPLES CONCERTS 5500 STUDENTS ATTENDED FROM KERN COUNTY SCHOOLS2023 BEALE PARK BAND PATRIOTIC CONCERT SERIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Arnold Executive Dir. | Officer | 40 | $105,890 |
Stilian Kirov Music Director | Officer | 1 | $80,757 |
Beth Pandol Chair | OfficerTrustee | 2 | $0 |
Alan Doud Past Chair | OfficerTrustee | 2 | $0 |
Nicole Giumarra Ms Rd Secretary | OfficerTrustee | 2 | $0 |
Patrick Paggi CPA Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $161,840 |
| All other contributions, gifts, grants, and similar amounts not included above | $745,305 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $907,145 |
| Total Program Service Revenue | $231,649 |
| Investment income | $7,002 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,154,792 |
| 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. | $186,647 |
| Compensation of current officers, directors, key employees. | $58,240 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $422,166 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,905 |
| Payroll taxes | $53,836 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $851 |
| Fees for services: Accounting | $21,477 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,532 |
| Fees for services: Other | $14,484 |
| Advertising and promotion | $54,106 |
| Office expenses | $3,326 |
| Information technology | $11,829 |
| Royalties | $0 |
| Occupancy | $93,742 |
| Travel | $13,249 |
| 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 | $1,581 |
| Insurance | $13,930 |
| All other expenses | $7,493 |
| Total functional expenses | $1,032,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,254 |
| Savings and temporary cash investments | $316,922 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $720 |
| 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 | $4,181 |
| Net Land, buildings, and equipment | $2,792 |
| Investments—publicly traded securities | $200,969 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,412 |
| Total assets | $623,250 |
| Accounts payable and accrued expenses | $24,890 |
| Grants payable | $0 |
| Deferred revenue | $116,082 |
| 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 | $140,972 |
| Net assets without donor restrictions | $20,000 |
| Net assets with donor restrictions | $462,278 |
| 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 | $623,250 |