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Nonprofiteer
← SUN VALLEY SUMMER SYMPHONY INC

Form 990 for tax year 2022

Filed by SUN VALLEY SUMMER SYMPHONY INC.

Totals

Total revenue
$5,896,340
Total expenses
$4,710,978
Contributions and grants received
$5,042,087
Grants paid
$0
Program service revenue
$147,879
Investment income
$895,989
Other revenue
-$189,615
Total assets, end of year
$20,629,529
Total liabilities, end of year
$136,146
Net assets or fund balances, end of year
$20,493,383
Program services expenses (Part IX)
$3,207,948
Management and general expenses
$574,953
Fundraising expenses
$928,077
Program service expenses (Part III)
$3,207,948

Program services were 68.1% 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.

  • 1c · Fundraising events

    $402,495

  • 1e · Government grants (contributions)

    $258,358

  • 1f · All other contributions, gifts and grants

    $4,381,234

  • 1g · Noncash contributions included above

    $172,112

  • 2a · Program service revenue: EDUCATION

    total $84,300 · related or exempt $84,300

  • 2b · Program service revenue: SUMMER SEASON

    total $63,579 · related or exempt $63,579

  • 3 · Investment income

    total $549,733 · excluded $549,733

  • 7a · Gross sales of assets other than inventory

    securities $4,583,484

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

    securities $4,237,228

  • 7c · Gain or loss

    securities $346,256

  • 7d · Net gain or loss

    total $346,256 · excluded $346,256

  • 8a · Fundraising events: gross income

    $152,877

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

    $402,495

  • 8b · Fundraising events: direct expenses

    $358,219

  • 8c · Net income from fundraising events

    total -$205,342 · excluded -$205,342

  • 11a · Other revenue: OTHER

    total $15,727 · related or exempt $15,727

  • 11e · Other revenue, total

    $15,727

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $351,256 · program services $179,067 · management and general $65,685 · fundraising $106,504

  • 7 · Other salaries and wages

    total $1,143,263 · program services $582,823 · management and general $213,791 · fundraising $346,649

  • 8 · Pension plan contributions

    total $39,814 · program services $20,297 · management and general $7,445 · fundraising $12,072

  • 9 · Other employee benefits

    total $86,488 · program services $44,090 · management and general $16,174 · fundraising $26,224

  • 10 · Payroll taxes

    total $99,889 · program services $50,922 · management and general $18,680 · fundraising $30,287

  • 11b · Fees: legal

    total $765 · program services $678 · management and general $7 · fundraising $80

  • 11c · Fees: accounting

    total $65,576 · program services $58,140 · management and general $612 · fundraising $6,824

  • 11f · Fees: investment management

    total $62,463 · management and general $62,463

  • 11g · Fees: other

    total $1,446,579 · program services $1,282,551 · management and general $13,501 · fundraising $150,527

  • 12 · Advertising and promotion

    total $173,730 · program services $130,828 · management and general $2,372 · fundraising $40,530

  • 13 · Office expenses

    total $228,614 · program services $82,121 · management and general $4,898 · fundraising $141,595

  • 16 · Occupancy

    total $27,049 · program services $23,824 · fundraising $3,225

  • 17 · Travel

    total $512,056 · program services $503,587 · management and general $380 · fundraising $8,089

  • 22 · Depreciation, depletion and amortization

    total $164,848 · management and general $164,848

  • 24a · Other expenses: PRODUCTIONS

    total $273,829 · program services $225,027 · fundraising $48,802

  • 24b · Other expenses: PERSONNEL COSTS

    total $19,933 · program services $10,162 · management and general $3,727 · fundraising $6,044

  • 24c · Other expenses: STORE MERCHANDISE

    total $7,804 · program services $7,804

  • 24d · Other expenses: AWARDS AND GIFTS

    total $7,022 · program services $6,027 · management and general $370 · fundraising $625

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $587,413 · end of year $156,351

  • 2 · Savings and temporary cash investments

    end of year $306,958

  • 3 · Pledges and grants receivable

    beginning of year $14,415 · end of year $76,997

  • 4 · Accounts receivable

    beginning of year $11,875 · end of year $2,227

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,749 · end of year $35,517

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

    $4,034,542

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

    $1,156,202

  • 10c · Land, buildings and equipment, net

    beginning of year $2,007,202 · end of year $2,878,340

  • 11 · Investments: publicly traded securities

    beginning of year $13,403,485 · end of year $13,968,235

  • 12 · Investments: other securities

    beginning of year $229,904 · end of year $204,904

  • 14 · Intangible assets

    beginning of year $3,000,000 · end of year $3,000,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $150,977 · end of year $136,146

  • 27 · Net assets without donor restrictions

    beginning of year $17,025,843 · end of year $19,124,007

  • 28 · Net assets with donor restrictions

    beginning of year $2,106,223 · end of year $1,369,376

Mission and programs · 2022

Mission

TO ENRICH, INSPIRE, AND INSTILL IN OUR COMMUNITY A LIFELONG LOVE OF CLASSICAL MUSIC THROUGH EXTRAORIDNARY, FREE CONCERTS AND EDUCATION PROGRAMS.

Activities or mission (Part I)

TO INSTILL IN OUR COMMUNITY A LIFELONG LOVE OF CLASSICAL MUSIC.

  • SUMMER SEASON: EACH SUMMER, THE ORGANIZATION BRINGS MUSICIANS AND GUEST ARTISTS TO SUN VALLEY TO PRESENT A SERIES OF CLASSICAL MUSIC CONCERTS. OVER 100 MUSICIANS FORM THE FESTIVAL ORCHESTRA, LED BY MUSIC DIRECTOR ALASDAIR NEALE. THE CONCERTS ARE PRESENTED AT THE SUN VALLEY PAVILION. ALL CONCERTS - EXCEPT THE FUNDRAISING GALA - ARE PRESENTED FREE OF CHARGE TO THE PUBLIC. EACH SUMMER, OVER 50,000 PEOPLE ATTEND UP TO 15 FREE CONCERTS.

    Expenses $2,268,723 · Revenue $100,027

  • EDUCATION: THE FESTIVAL'S MUSIC INSTITUTE RUNS MUSIC EDUCATION PROGRAMS DURING THE SCHOOL YEAR IN CONJUNCTION WITH LOCAL PUBLIC SCHOOLS AND, IN ADDITION, RUNS TWO SUMMER CAMPS DURING THE FESTIVAL'S SUMMER SEASON. SCHOOL-YEAR PROGRAMS SERVE STUDENTS IN LOCAL PUBLIC AND PRIVATE ELEMENTARY, MIDDLE, AND HIGH SCHOOLS IN PARTNERSHIP WITH MUSIC TEACHERS IN THESE SCHOOLS. THE MUSIC INSTITUTE OFFERS COMPREHENSIVE MUSIC EDUCATION INCLUDING MUSIC THEORY AND ENSEMBLE AND INDIVIDUAL INSTRUCTION. THE SUMMER PROGRAMS OFFER MUSIC EDUCATION FOR CHILDREN IN GRADES 2-12 IN A ONE-WEEK PROGRAM, AND FOR ADVANCED STUDENTS IN A TWO-WEEK ADVANCED CHAMBER PROGRAM. ALL SUMMER PROGRAMS INVOLVE MUSICIANS FROM THE FESTIVAL ORCHESTRA, AS WELL AS GUEST ARTISTS.

    Expenses $660,759 · Revenue $63,579

  • WINTER SEASON: THE MUSIC FESTIVAL PRESENTS A WINTER CONCERT SERIES IN FEBRUARY OR MARCH. PAST FESTIVALS HAVE PRESENTED THREE OR FOUR CONCERTS - ALL FREE OF CHARGE- WITH PERFORMERS INCLUDING MUSICIANS FROM THE FESTIVAL ORCHESTRA AS WELL AS GUEST ARTISTS.

    Expenses $278,466

As filed on the 2022 return.

Listed in Part VII

  • Judy Getto

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1.2

  • Jane Springman

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Deb Mello

    TREASURER

    Total calculated
    $0
    Hours/week
    0.7

  • Tony Price

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.9

  • Mitch August

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jim Daniels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Dan Dunn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Greg Lindstrom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Lisa Mayer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mark Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Vicky Rogers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Gail Severn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Julie Siegel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Peter Ziegler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Derek Dean

    EXECUTIVE DIRECTOR

    Total calculated
    $339,939
    From this org
    $312,026
    From related orgs
    $0
    Other
    $27,913
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $312,026
    Bonus
    $0
    Other
    $0
    Deferred
    $12,481
    Nontaxable benefits
    $15,432
    Filer's total
    $339,939

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

  • 3 · Compensation committee

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
20 March 2024
IRS schema version
2022v5.0
Source object
202440909349300204

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