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Nonprofiteer
← WICHITA FALLS SYMPHONY ORCHESTRA INC

Form 990 for tax year 2023

Filed by WICHITA FALLS SYMPHONY ORCHESTRA INC.

Totals

Total revenue
$969,700
Total expenses
$820,819
Contributions and grants received
$827,928
Grants paid
$0
Program service revenue
$108,907
Investment income
$4,414
Other revenue
$28,451
Total assets, end of year
$1,451,617
Total liabilities, end of year
$5,150
Net assets or fund balances, end of year
$1,446,467
Program services expenses (Part IX)
$689,440
Management and general expenses
$89,373
Fundraising expenses
$42,006
Program service expenses (Part III)
$689,440

Program services were 84.0% 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.

  • 1e · Government grants (contributions)

    $50,170

  • 1f · All other contributions, gifts and grants

    $777,758

  • 2a · Program service revenue: Ticket sales

    total $108,907 · related or exempt $108,907

  • 3 · Investment income

    total $4,414 · excluded $4,414

  • 5 · Royalties

    total $176 · excluded $176

  • 8a · Fundraising events: gross income

    $890

  • 8b · Fundraising events: direct expenses

    $2,050

  • 8c · Net income from fundraising events

    total -$1,160 · excluded -$1,160

  • 11a · Other revenue: Miscellaneous income

    total $29,435 · excluded $29,435

  • 11e · Other revenue, total

    $29,435

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $55,000 · program services $27,500 · management and general $16,500 · fundraising $11,000

  • 7 · Other salaries and wages

    total $68,298 · program services $34,149 · management and general $20,489 · fundraising $13,660

  • 8 · Pension plan contributions

    total $15,114 · program services $7,557 · management and general $4,534 · fundraising $3,023

  • 10 · Payroll taxes

    total $12,476 · program services $6,238 · management and general $3,743 · fundraising $2,495

  • 11c · Fees: accounting

    total $19,573 · management and general $19,573

  • 12 · Advertising and promotion

    total $40,252 · program services $36,227 · fundraising $4,025

  • 16 · Occupancy

    total $12,000 · program services $7,200 · management and general $2,400 · fundraising $2,400

  • 22 · Depreciation, depletion and amortization

    total $7,131 · program services $4,279 · management and general $1,426 · fundraising $1,426

  • 23 · Insurance

    total $7,015 · program services $4,677 · management and general $2,338

  • 24a · Other expenses: Musicians

    total $285,521 · program services $285,521

  • 24b · Other expenses: Conductor Expenses

    total $81,660 · program services $81,660

  • 24c · Other expenses: Education Programming

    total $59,026 · program services $59,026

  • 24d · Other expenses: Guest Artists

    total $44,619 · program services $44,619

  • 24e · All other expenses

    total $113,134 · program services $90,787 · management and general $18,370 · fundraising $3,977

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,835 · end of year $46,774

  • 2 · Savings and temporary cash investments

    beginning of year $222,200 · end of year $209,460

  • 3 · Pledges and grants receivable

    beginning of year $93,758 · end of year $208,140

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,396 · end of year $0

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

    $185,202

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

    $122,365

  • 10c · Land, buildings and equipment, net

    beginning of year $69,969 · end of year $62,837

  • 11 · Investments: publicly traded securities

    beginning of year $898,928 · end of year $924,406

  • 19 · Deferred revenue

    beginning of year $6,500 · end of year $5,150

  • 27 · Net assets without donor restrictions

    beginning of year $1,111,228 · end of year $1,160,828

  • 28 · Net assets with donor restrictions

    beginning of year $186,358 · end of year $285,639

Mission and programs · 2023

Mission

The Wichita Falls Symphony Orchestra, Inc. promotes symphonic music in order to enrich, educate, and entertain diverse audiences in the Texoma community. This mission is met through programming and activities that include subscription concerts, free community concerts, and educational programs that reach children from ages 18 months to 18 years old.

  • Regular schedule of symphonic concerts, educational concerts and instruction for children from area schools.

    Expenses $689,440 · Revenue $108,907

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alicia Deges

    Executive Director

    Total calculated
    $79,874
    From this org
    $64,760
    From related orgs
    $0
    Other
    $15,114
    Hours/week
    40

  • Jessica Boyer

    Director

    Total calculated
    $0
    Hours/week
    1

  • Amanda Case

    Director

    Total calculated
    $0
    Hours/week
    1

  • Josh White

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sarah Cobb

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tim Lockhart

    Director

    Total calculated
    $0
    Hours/week
    1

  • Leigh Ray

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeanette Showalter

    Director

    Total calculated
    $0
    Hours/week
    1

  • Curtis Knobloch

    Director

    Total calculated
    $0
    Hours/week
    1

  • Laura Ramsey

    Director

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Yeager

    President

    Total calculated
    $0
    Hours/week
    2

  • Dr Clara Latham

    Vice - President

    Total calculated
    $0
    Hours/week
    1

  • John Buckley

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Linda Waters

    Secretary

    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.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or 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
2023
Filed
16 August 2024
IRS schema version
2023v5.1
Source object
202402409349301720

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