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Nonprofiteer
← WINSTON SALEM SYMPHONY ASSOC

Form 990 for tax year 2022

Filed by WINSTON SALEM SYMPHONY ASSOC.

Totals

Total revenue
$2,755,041
Total expenses
$3,037,148
Contributions and grants received
$1,640,950
Grants paid
$0
Program service revenue
$886,675
Investment income
$281,200
Other revenue
-$53,784
Total assets, end of year
$6,418,839
Total liabilities, end of year
$807,577
Net assets or fund balances, end of year
$5,611,262
Program services expenses (Part IX)
$1,878,575
Management and general expenses
$899,987
Fundraising expenses
$258,586
Program service expenses (Part III)
$1,878,575

Program services were 61.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $263,750

  • 1c · Fundraising events

    $64,925

  • 1f · All other contributions, gifts and grants

    $1,312,275

  • 1g · Noncash contributions included above

    $37,421

  • 2a · Program service revenue: ADMISSIONS

    total $656,036 · related or exempt $656,036

  • 2b · Program service revenue: PERFORMANCE FEES

    total $153,091 · related or exempt $153,091

  • 2c · Program service revenue: YOUTH

    total $77,548 · related or exempt $77,548

  • 3 · Investment income

    total $281,200 · excluded $281,200

  • 8a · Fundraising events: gross income

    $33,016

  • 8a · Fundraising events: contributions included on line 1c

    $64,925

  • 8b · Fundraising events: direct expenses

    $133,758

  • 8c · Net income from fundraising events

    total -$100,742 · excluded -$100,742

  • 11a · Other revenue: MISCELLANEOUS

    total $28,783 · related or exempt $28,783

  • 11b · Other revenue: PROGRAM ADVERTISING

    total $18,175 · unrelated business $18,175

  • 11e · Other revenue, total

    $46,958

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $162,191 · program services $99,852 · management and general $47,997 · fundraising $14,342

  • 7 · Other salaries and wages

    total $1,206,645 · program services $768,733 · management and general $336,095 · fundraising $101,817

  • 9 · Other employee benefits

    total $78,890 · program services $29,823 · management and general $38,517 · fundraising $10,550

  • 10 · Payroll taxes

    total $104,453 · program services $66,641 · management and general $29,021 · fundraising $8,791

  • 11c · Fees: accounting

    total $18,000 · management and general $18,000

  • 11f · Fees: investment management

    total $28,333 · management and general $28,333

  • 11g · Fees: other

    total $110,520 · program services $17,735 · management and general $58,760 · fundraising $34,025

  • 12 · Advertising and promotion

    total $114,035 · program services $86,058 · management and general $1,896 · fundraising $26,081

  • 13 · Office expenses

    total $36,630 · program services $2,047 · management and general $13,582 · fundraising $21,001

  • 16 · Occupancy

    total $15,283 · management and general $15,283

  • 17 · Travel

    total $9,975 · program services $9,176 · management and general $555 · fundraising $244

  • 22 · Depreciation, depletion and amortization

    total $8,808 · management and general $8,808

  • 23 · Insurance

    total $24,569 · management and general $24,569

  • 24a · Other expenses: GUEST ARTIST FEES

    total $329,242 · program services $329,242

  • 24b · Other expenses: LABOR

    total $234,871 · program services $189,896 · management and general $34,518 · fundraising $10,457

  • 24c · Other expenses: LEASE COSTS

    total $228,061 · program services $135,433 · management and general $92,628

  • 24d · Other expenses: MUSIC DIRECTOR SEARCH

    total $98,140 · management and general $98,140

  • 24e · All other expenses

    total $228,502 · program services $143,939 · management and general $53,285 · fundraising $31,278

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $52,591 · end of year $48,658

  • 2 · Savings and temporary cash investments

    beginning of year $590,049 · end of year $446,122

  • 3 · Pledges and grants receivable

    beginning of year $104,414 · end of year $205,581

  • 4 · Accounts receivable

    beginning of year $97,535 · end of year $38,105

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,838 · end of year $44,657

  • 10a · Land, buildings and equipment: cost or other basis

    $189,247

  • 10b · Land, buildings and equipment: accumulated depreciation

    $137,432

  • 10c · Land, buildings and equipment, net

    beginning of year $60,623 · end of year $51,815

  • 11 · Investments: publicly traded securities

    beginning of year $5,241,739 · end of year $5,001,018

  • 15 · Other assets

    end of year $582,883

  • 17 · Accounts payable and accrued expenses

    beginning of year $46,192 · end of year $35,364

  • 19 · Deferred revenue

    beginning of year $15,934 · end of year $183,104

  • 25 · Other liabilities

    end of year $589,109

  • 27 · Net assets without donor restrictions

    beginning of year $2,063,338 · end of year $1,832,140

  • 28 · Net assets with donor restrictions

    beginning of year $4,050,325 · end of year $3,779,122

Mission and programs · 2022

Mission

TO BRING MUSIC TO LIFE: BELIEVING THAT MUSIC HAS THE POWER TO INSPIRE, THE WINSTON-SALEM SYMPHONY WILL FULFILL THIS MISSION BY ENRICHING THE COMMUNITY WITH LIVE MUSIC. THE SYMPHONY BRINGS PERFORMANCES, EDUCATIONAL PROGRAMS, AND COMMUNITY ENGAGEMENT INITIATIVES TO WHERE PEOPLE LIVE AND DESIRES FOR AUDIENCES TO EXPERIENCE MUSIC IN A WAY THAT IS RELEVANT AND MEANINGFUL TO THEIR OWN LIVES. THROUGH MUSIC, THE WINSTON-SALEM SYMPHONY ASPIRES TO CREATE SHARED EXPERIENCES AND CONNECTIONS THAT IMPROVE THE QUALITY OF LIFE IN WINSTON-SALEM AND THROUGHOUT THE REGION.

Activities or mission (Part I)

TO BRING MUSIC TO LIFE.

  • PERFORMANCES: 37 IN-PERSON PERFORMANCES (CLASSICS, POPS, FAMILY, AND CHORUS) AND EDUCATIONAL PROGRAMS SERVING 39,152 AUDIENCE MEMBERS.

    Expenses $1,451,039 · Revenue $837,910

  • PUBLIC SCHOOL INSTRUCTION: SUMMER PLAY MUSIC CAMP SERVED 34 STUDENTS OVER 7 WEEKS AND SUMMER YOUTH ORCHESTRA FESTIVAL SERVED 48 STUDENTS OVER A ONE- WEEK CAMP. PROVIDED 336 IN-PERSON CLASSES FOR 185 STUDENTS FOR OUR PLAY MUSIC PROGRAM (PIEDMONT LEARNING ACADEMY FOR YOUTH). PROVIDED 120 IN-PERSON REHEARSALS FOR 170 YOUTH ORCHESTRA STUDENTS OF VARYING LEVELS AND GROUPS (CHAMBER SINFONIA/PREMIERE STRINGS, YOUTH PHILHARMONIC, AND YOUTH SYMPHONY). PROVIDED 81 ENSEMBLE PERFORMANCES AT ELEMENTARY SCHOOLS FOR 14,379 4TH AND 5TH GRADE STUDENT INTERACTIONS.

    Expenses $427,536 · Revenue $77,548

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • E Merritt Vale

    PRESIDENT &

    Total calculated
    $158,032
    From this org
    $146,042
    From related orgs
    $0
    Other
    $11,990
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,525
    Bonus
    not reported
    Other
    $1,517
    Deferred
    $11,990
    Nontaxable benefits
    not reported
    Filer's total
    $158,032
  • Eli Kaynor

    DIRECTOR

    Total calculated
    $5,416
    From this org
    $5,416
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Jonathan Allen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Alice Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Betsy Annese

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Christopher Gyves

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cindy Rothschild

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Levy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Debbie Wesley-Farrington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Denise Robinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Frank James

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dawnielle Grace End 122022

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Gregory Holthusen End 2723

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeffery Lindsay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jim Dossinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lew Saphar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Malcolm Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mary Tucker End 11723

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Lischke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Pam Howell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stephen Kramer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Steve Holland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Steve Karr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sue Henderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • William F Clingman III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ryan Gaylord

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Derek Hicks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kenneth Boyles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chris Leak

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Will Munster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matthew Bryant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Arthur Debaugh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Carol Reeve

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Jay Reed

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Thomas Bornemann

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Pam Cash

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Ann Fritchman Merkel

    IMMEDIATE PA

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
5 February 2024
IRS schema version
2022v5.0
Source object
202420369349300997

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