Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $216,033

• 1d · Related organizations

  $1,040,567

• 1e · Government grants (contributions)

  $11,275,518

• 1f · All other contributions, gifts and grants

  $3,001,867

• 1g · Noncash contributions included above

  $262,473

• 2a · Program service revenue: CONCERT REVENUE

  total $4,889,521 · related or exempt $4,889,521

• 2b · Program service revenue: EDUCATION

  total $86,401 · related or exempt $86,401

• 2c · Program service revenue: PROGRAM PROCESSING FEE

  total $64,864 · related or exempt $64,864

• 3 · Investment income

  total $866,076 · excluded $866,076

• 7a · Gross sales of assets other than inventory

  securities $28,222,201

• 7b · Less cost or other basis and sales expenses

  securities $28,120,321

• 7c · Gain or loss

  securities $101,880

• 7d · Net gain or loss

  total $101,880 · excluded $101,880

• 8a · Fundraising events: gross income

  $41,363

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

  $216,033

• 8b · Fundraising events: direct expenses

  $96,780

• 8c · Net income from fundraising events

  total -$55,417 · excluded -$55,417

• 9a · Gaming: gross income

  $12,606

• 9b · Gaming: direct expenses

  $4,999

• 9c · Net income from gaming

  total $7,607 · excluded $7,607

• 11a · Other revenue: MISCELLANEOUS

  total $919 · excluded $919

• 11e · Other revenue, total

  $919

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $47,759 · program services $47,759

• 5 · Compensation of officers, directors and key employees

  total $1,023,932 · program services $357,391 · management and general $556,707 · fundraising $109,834

• 7 · Other salaries and wages

  total $8,893,948 · program services $7,746,183 · management and general $612,113 · fundraising $535,652

• 8 · Pension plan contributions

  total $527,971 · program services $417,988 · management and general $100,464 · fundraising $9,519

• 9 · Other employee benefits

  total $1,267,564 · program services $1,142,055 · management and general $57,580 · fundraising $67,929

• 10 · Payroll taxes

  total $724,764 · program services $604,801 · management and general $66,508 · fundraising $53,455

• 11a · Fees: management

  total $1,054,910 · program services $796,774 · management and general $59,666 · fundraising $198,470

• 11b · Fees: legal

  total $400 · management and general $400

• 11c · Fees: accounting

  total $38,660 · management and general $38,660

• 11d · Fees: lobbying

  total $189,750 · management and general $70,710 · fundraising $119,040

• 11e · Fees: professional fundraising services

  total $59,601 · fundraising $59,601

• 11f · Fees: investment management

  total $33,535 · management and general $33,535

• 11g · Fees: other

  total $46,793 · program services $27,107 · fundraising $19,686

• 12 · Advertising and promotion

  total $895,057 · program services $876,936 · fundraising $18,121

• 13 · Office expenses

  total $321,693 · program services $255,958 · management and general $15,936 · fundraising $49,799

• 14 · Information technology

  total $163,718 · program services $97,304 · management and general $34,400 · fundraising $32,014

• 16 · Occupancy

  total $275,830 · program services $148,948 · management and general $63,441 · fundraising $63,441

• 17 · Travel

  total $455,152 · program services $431,350 · management and general $7,343 · fundraising $16,459

• 19 · Conferences, conventions and meetings

  total $31,517 · program services $9,583 · management and general $21,925 · fundraising $9

• 20 · Interest

  total $6,956 · management and general $6,956

• 22 · Depreciation, depletion and amortization

  total $95,019 · program services $60,677 · management and general $17,171 · fundraising $17,171

• 23 · Insurance

  total $268,590 · program services $190,794 · management and general $77,796

• 24a · Other expenses: CONCERT PRODUCTION

  total $1,208,491 · program services $1,207,471 · management and general $1,020

• 24b · Other expenses: GUEST ARTISTS

  total $1,061,867 · program services $1,061,867

• 24c · Other expenses: BOX OFFICE

  total $256,420 · program services $256,420

• 24d · Other expenses: OTHER EXPENSES

  total $111,221 · program services $56,414 · management and general $33,778 · fundraising $21,029

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $468,423 · end of year $300,676

• 2 · Savings and temporary cash investments

  beginning of year $4,855,050 · end of year $5,698,096

• 3 · Pledges and grants receivable

  beginning of year $964,410 · end of year $867,977

• 4 · Accounts receivable

  beginning of year $35,180 · end of year $47,594

• 9 · Prepaid expenses and deferred charges

  beginning of year $201,166 · end of year $124,483

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

  $1,249,095

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

  $1,088,042

• 10c · Land, buildings and equipment, net

  beginning of year $236,860 · end of year $161,053

• 11 · Investments: publicly traded securities

  beginning of year $17,857,976 · end of year $18,604,855

• 12 · Investments: other securities

  beginning of year $6,323,313 · end of year $10,041,286

• 15 · Other assets

  beginning of year $1,496,676 · end of year $1,300,213

• 17 · Accounts payable and accrued expenses

  beginning of year $446,942 · end of year $567,124

• 19 · Deferred revenue

  beginning of year $1,521,903 · end of year $1,544,484

• 25 · Other liabilities

  beginning of year $1,629,763 · end of year $1,523,581

• 27 · Net assets without donor restrictions

  beginning of year $14,264,274 · end of year $17,619,736

• 28 · Net assets with donor restrictions

  beginning of year $14,576,172 · end of year $15,891,308

The filer's explanations (Part III)

PART I, LINE 1A

THE NORTH CAROLINA SYMPHONY HAS PARTNERED WITH THE YMCA OF THE TRIANGLE TO OFFER OPTIONAL DISCOUNTED GYM MEMBERSHIPS FOR ALL FULL-TIME EMPLOYEES. THE COST TO THE NORTH CAROLINA SYMPHONY IS $10 PER MONTH PER MEMBER EMPLOYEE.

PART I, LINE 7

NON-FIXED BONUSES TO EMPLOYEES ARE DETERMINED BY THE EXECUTIVE COMMITTEE OF THE NORTH CAROLINA SYMPHONY SOCIETY, INC. BOARD OF DIRECTORS.