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Nonprofiteer
← ALABAMA SYMPHONY ENDOWMENT

Form 990 for tax year 2022

Filed by ALABAMA SYMPHONY ENDOWMENT.

Totals

Total revenue
$1,927,240
Total expenses
$877,930
Contributions and grants received
$1,653,962
Grants paid
$783,284
Program service revenue
$0
Investment income
$275,303
Other revenue
-$2,025
Total assets, end of year
$18,741,322
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$18,741,322
Program services expenses (Part IX)
$783,284
Management and general expenses
$94,646
Fundraising expenses
$0
Program service expenses (Part III)
$783,284

Program services were 89.2% 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

    $1,653,962

  • 3 · Investment income

    total $275,303 · unrelated business $0 · excluded $275,303

  • 6a · Gross rents

    real property $12,000

  • 6b · Less rental expenses

    real property $14,025

  • 6c · Rental income or loss

    real property -$2,025

  • 6d · Net rental income or loss

    total -$2,025 · excluded -$2,025

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $783,284 · program services $783,284

  • 11b · Fees: legal

    total $349 · program services $0 · management and general $349 · fundraising $0

  • 11f · Fees: investment management

    total $79,209 · program services $0 · management and general $79,209 · fundraising $0

  • 12 · Advertising and promotion

    total $10,847 · program services $0 · management and general $10,847 · fundraising $0

  • 23 · Insurance

    total $4,241 · program services $0 · management and general $4,241 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $654,566 · end of year $204,590

  • 2 · Savings and temporary cash investments

    beginning of year $216,263 · end of year $1,718,014

  • 3 · Pledges and grants receivable

    beginning of year $970,000 · end of year $280,000

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $9,458

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

    $368,250

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

    $268,250

  • 10c · Land, buildings and equipment, net

    beginning of year $114,025 · end of year $100,000

  • 11 · Investments: publicly traded securities

    beginning of year $14,771,354 · end of year $16,429,260

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,216

  • 27 · Net assets without donor restrictions

    end of year $1,169,143

  • 28 · Net assets with donor restrictions

    beginning of year $16,720,992 · end of year $17,572,179

Mission and programs · 2022

Mission

TO PROVIDE FUNDING AND SUPPORT FOR THE ALABAMA SYMPHONIC ASSOCIATION, INC.

  • DISTRIBUTED INCOME TO HELP FUND CONCERT OPERATIONS OF THE ALABAMA SYMPHONIC ASSOCIATION, INC.

    Expenses $783,284

As filed on the 2022 return.

Listed in Part VII

  • Taylor McElroy

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Dell S Brooke

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • F Dixon Brooke Jr

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Phil Carroll

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Samuel P Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Danny McKinney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael W Meeks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Carol Phillips

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Stone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Pedro Verdu

    DIRECTOR

    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.

Grants on this return

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.

Provenance

Return type
form_990
Tax year
2022
Filed
28 October 2023
IRS schema version
2022v5.0
Source object
202410269349301511

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