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Nonprofiteer
← FAYETTEVILLE SYMPHONY ORCHESTRA INC

Form 990 for tax year 2023

Filed by FAYETTEVILLE SYMPHONY ORCHESTRA INC.

Totals

Total revenue
$544,517
Total expenses
$687,626
Contributions and grants received
$465,242
Grants paid
$0
Program service revenue
$69,284
Investment income
$554
Other revenue
$9,437
Total assets, end of year
$425,624
Total liabilities, end of year
$34,021
Net assets or fund balances, end of year
$391,603
Program services expenses (Part IX)
$554,443
Management and general expenses
$110,948
Fundraising expenses
$22,235
Program service expenses (Part III)
$554,443

Program services were 80.6% 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

    $465,242

  • 2a · Program service revenue: CONCERT TICKETS

    total $41,205 · unrelated business $41,205

  • 2b · Program service revenue: EDUCATION PROGRAM FEES

    total $17,960 · unrelated business $17,960

  • 2c · Program service revenue: PRIVATE PERFORMANCE FE

    total $10,119 · unrelated business $10,119

  • 3 · Investment income

    total $554 · related or exempt $554

  • 8a · Fundraising events: gross income

    $15,735

  • 8b · Fundraising events: direct expenses

    $8,695

  • 8c · Net income from fundraising events

    total $7,040 · excluded $7,040

  • 11a · Other revenue: MISCELLEANEOUS

    total $2,397 · related or exempt $2,397

  • 11e · Other revenue, total

    $2,397

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $207,158 · program services $161,583 · management and general $26,931 · fundraising $18,644

  • 10 · Payroll taxes

    total $19,638 · program services $15,318 · management and general $2,553 · fundraising $1,767

  • 11c · Fees: accounting

    total $25,533 · management and general $25,533

  • 12 · Advertising and promotion

    total $25,310 · program services $25,310

  • 13 · Office expenses

    total $18,672 · program services $3,734 · management and general $14,938

  • 16 · Occupancy

    total $24,767 · program services $495 · management and general $23,281 · fundraising $991

  • 22 · Depreciation, depletion and amortization

    total $8,812 · program services $8,107 · management and general $705

  • 23 · Insurance

    total $9,259 · program services $4,722 · management and general $3,704 · fundraising $833

  • 24a · Other expenses: CONCERT & MUSICIAN EXPE

    total $313,098 · program services $313,098

  • 24b · Other expenses: EDUCATION AND OUTREACH

    total $21,489 · program services $21,489

  • 24c · Other expenses: BOARD AND STAFF DEVELOP

    total $4,845 · management and general $4,845

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $4,765 · management and general $4,765

  • 24e · All other expenses

    total $4,280 · program services $587 · management and general $3,693

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $398,823 · end of year $268,130

  • 4 · Accounts receivable

    beginning of year $33,750 · end of year $33,750

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,796 · end of year $7,057

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

    $172,049

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

    $86,845

  • 10c · Land, buildings and equipment, net

    beginning of year $94,016 · end of year $85,204

  • 12 · Investments: other securities

    beginning of year $717 · end of year $780

  • 15 · Other assets

    beginning of year $30,435 · end of year $30,703

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,164 · end of year $7,504

  • 19 · Deferred revenue

    beginning of year $44,724 · end of year $26,517

  • 27 · Net assets without donor restrictions

    beginning of year $534,649 · end of year $391,603

Mission and programs · 2023

Mission

TO PROVIDE FINANCIAL AND MATERIAL SUPPORT TO THE FAYETTEVILLE SYMPHONY ORCHESTRA, TO FURTHER MUSICAL EDUCATION IN THE SCHOOLS OF CUMBERLAND COUNTY AND ADJACENT AREAS OF THE STATE OF NORTH CAROLINA, TO FURTHER MUSICAL APPRECIATION AMONG THE POPULATION OF FAYETTEVILLE, CUMBERLAND COUNTY AND ADJACENT AREAS OF THE STATE OF NORTH CAROLINA; AND TO AFFORD THE CITIZENS OF THAT AREA OPPORTUNITIES FOR MUSICAL ENTERTAINMENT AND ENJOYMENT.

  • THE ORGANIZATION SUPPORTS THE FAYETTEVILLE SYMPHONY IN PERFORMING A NUMBER OF CONCERTS IN THE COMMUNITY EVERY YEAR.

    Expenses $554,443

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

Listed in Part VII

  • Doug Stephens

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Mark Regensburger

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Phillip Hedrick

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Rhonda Haskins

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Latasha Wolokolie

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Patti Monroe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Zach Pritchett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carrie Callahan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Brenda Depaola

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brittany Dickerhoff

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amy Steffan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Turner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Savanna Samuelian

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Addison Davis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Louise Brooks

    BOARD MEMBER

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
7 October 2024
IRS schema version
2023v5.1
Source object
202402859349301010

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