Form 990 for tax year 2023
Filed by THE VIRGINIA SYMPHONY FOUNDATION.
Totals
- Total revenue
- $521,089
- Total expenses
- $439,652
- Contributions and grants received
- $270,742
- Grants paid
- $380,554
- Program service revenue
- $0
- Investment income
- $250,347
- Other revenue
- $0
- Total assets, end of year
- $11,080,833
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $11,080,833
- Program services expenses (Part IX)
- $380,554
- Management and general expenses
- $59,098
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $380,554
Program services were 86.6% 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.
-
1f · All other contributions, gifts and grants
$270,742
-
3 · Investment income
total $250,347 · excluded $250,347
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $380,554 · program services $380,554
-
11c · Fees: accounting
total $8,700 · management and general $8,700
-
11f · Fees: investment management
total $49,898 · management and general $49,898
-
23 · Insurance
total $500 · management and general $500
Balance sheet
Part X, book values.
-
3 · Pledges and grants receivable
beginning of year $20,000 · end of year $25,000
-
9 · Prepaid expenses and deferred charges
beginning of year $500
-
11 · Investments: publicly traded securities
beginning of year $9,881,882 · end of year $11,055,833
-
17 · Accounts payable and accrued expenses
beginning of year $5,054
-
27 · Net assets without donor restrictions
beginning of year $5,161,562 · end of year $6,345,067
-
28 · Net assets with donor restrictions
beginning of year $4,735,766 · end of year $4,735,766
Mission and programs · 2023
Mission
PROVIDE FINANCIAL SUPPORT TO VIRGINIA SYMPHONY ORCHESTRA BY ADMINISTERING FUNDS AND PROPERTY, ENGAGING IN OTHER ACTIVITIES AS QUALIFY FOR AN EXEMPT ORGANIZATION, SOLICIT AND RECEIVE FUNDS AND PROPERTY BY GIFT, TRANSFER, DEVISE OR BEQUEST AND ADMINISTERING AND APPLYING SUCH FUNDS AND PROPERTY ONLY IN FURTHERANCE OF THESE PURPOSES.THE FOUNDATION ALSO RECEIVES RESTRICTED GIFTS WHOSE INVESTMENT INCOME IS DISTRIBUTED TO THE SYMPHONY ANNUALLY FOR CERTAIN PROGRAMMING ACTIVITIES INCLUDING FAMILY CONCERTS, EDUCATION, MASTER CLASSES, PROGRAMMING AND OUTREACH IN THE SUFFOLK AREA AND TO UNDERWRITE GUEST ARTISTS.
Activities or mission (Part I)
TO RECEIVE FUNDS AND PROPERTY BY GIFT, TRANSFER, DEVISE OR BEQUEST AND ADMINISTRATE AND APPLY SUCH FUNDS IN SUPPORT OF THE VIRGINIA SYMPHONY ORCHESTRA WHICH IS A LEADING CULTURAL ASSET CONNECTING EVERYONE IN HAMPTON ROADS THROUGH THE TRANSFORMATIVE POWER OF EXCEPTIONAL MUSICAL PERFORMANCES AND EDUCATIONAL ACTIVITIES.
-
FINANCIAL SUPPORT FOR VIRGINIA SYMPHONY ORCHESTRA.
Expenses $380,554 · Grants $380,554
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Bette Minette CooperBETTE MINETTE COOPER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Winthrop Short JrWINTHROP SHORT JR
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Bob PettersonBOB PETTERSON
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jane ShortJANE SHORT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve WinterSTEVE WINTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patrick McDermottPATRICK MCDERMOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Howard KernHOWARD KERN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Chris JohnsonCHRIS JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael McClellanMICHAEL MCCLELLAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Andrea WarrenANDREA WARREN
EXECUTIVE DIRECTOR (EFFECT
- Total calculated
- $165,410
- From this org
- $0
- From related orgs
- $165,000
- Other
- $410
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $165,000 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $410 related
- Filer's total
- $0 + $165,410 related
-
Teresa KrausTERESA KRAUS
CFO
- Total calculated
- $132,794
- From this org
- $0
- From related orgs
- $106,839
- Other
- $25,955
- Hours/week
- 1 + 40 related
-
Shannon E KellySHANNON E KELLY
VICE PRESIDENT OF DEVELOPMENT
- Total calculated
- $126,847
- From this org
- $0
- From related orgs
- $126,471
- Other
- $376
- Hours/week
- 1 + 40 related
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
-
$380,553
OPERATING SUPPORT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
VIRGINIA SYMPHONY ORCHESTRA (VSO)
501(C)(3) · VSO CONNECTS AUDIENCES OF ALL AGES THROUGH MUSICAL PERFORMANCES & EDUCATION · VA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501349349308085
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