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Nonprofiteer
← SPOKANE SYMPHONY ORCHESTRAENDOWMENT FUND

Form 990 for tax year 2023

Filed by SPOKANE SYMPHONY ORCHESTRAENDOWMENT FUND.

Totals

Total revenue
$1,244,034
Total expenses
$764,555
Contributions and grants received
$548,882
Grants paid
$565,086
Program service revenue
$0
Investment income
$695,152
Other revenue
$0
Total assets, end of year
$13,752,946
Total liabilities, end of year
$31,019
Net assets or fund balances, end of year
$13,721,927
Program services expenses (Part IX)
$565,086
Management and general expenses
$163,756
Fundraising expenses
$35,713
Program service expenses (Part III)
$565,086

Program services were 73.9% 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

    $548,882

  • 3 · Investment income

    total $290,476 · excluded $290,476

  • 7a · Gross sales of assets other than inventory

    securities $2,617,325

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

    securities $2,212,649

  • 7c · Gain or loss

    securities $404,676

  • 7d · Net gain or loss

    total $404,676 · excluded $404,676

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $565,086 · program services $565,086

  • 11c · Fees: accounting

    total $24,545 · management and general $24,545

  • 11f · Fees: investment management

    total $98,037 · management and general $98,037

  • 11g · Fees: other

    total $35,713 · fundraising $35,713

  • 13 · Office expenses

    total $26,221 · management and general $26,221

  • 23 · Insurance

    total $14,953 · management and general $14,953

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $778,907 · end of year $960,117

  • 3 · Pledges and grants receivable

    beginning of year $182,200 · end of year $78,167

  • 11 · Investments: publicly traded securities

    beginning of year $9,879,381 · end of year $11,376,993

  • 12 · Investments: other securities

    beginning of year $1,745,569 · end of year $1,337,669

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,079 · end of year $31,019

  • 27 · Net assets without donor restrictions

    beginning of year $1,533,058 · end of year $1,543,861

  • 28 · Net assets with donor restrictions

    beginning of year $11,003,920 · end of year $12,178,066

Mission and programs · 2023

Mission

The organization's mission is to financially support the work of the Spokane Symphony and the Martin Woldson Theater at the Fox for the benefit of the community.

Activities or mission (Part I)

To raise, manage and distribute funds in support of the Spokane Symphony.

  • The expenses of the Spokane Symphony and Fox Theater Endowment Fund are all related to supporting the Spokane Symphony and its home, The Martin Woldson Theater at The Fox. These funds are used to pay for artistic and administrative expenses, which are essential to producing high-artistic concerts and educational programs and for maintaining the Fox Theater, which is on the National Register of Historic Buildings.

    Expenses $565,086 · Grants $565,086

As filed on the 2023 return.

Listed in Part VII

  • Matt Ewers

    President

    Total calculated
    $0
    Hours/week
    3

  • A Douglas Belanger

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Ann Fennessy

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Richard Trudell

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Jack Falls

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gerard Fischer

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Broom

    Director

    Total calculated
    $0
    Hours/week
    1

  • Catherine C Moye

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeff Snow

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Vom Saal

    Executive Director

    Total calculated
    $155,883
    From this org
    $144,848
    From related orgs
    $0
    Other
    $11,035
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $144,848
    Bonus
    $0
    Other
    $0
    Deferred
    $5,805
    Nontaxable benefits
    $5,243
    Filer's total
    $155,896

  • Weiling Zhu

    Chief Financial Officer

    Total calculated
    $149,821
    From this org
    $139,228
    From related orgs
    $0
    Other
    $10,593
    Hours/week
    4

    Schedule J breakdown matched by us

    Base
    $139,228
    Bonus
    $0
    Other
    $0
    Deferred
    $5,135
    Nontaxable benefits
    $5,484
    Filer's total
    $149,847

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

The filer's explanations (Part III)

Schedule J, Part II:
Jeffrey Vom Saal and Weiling Zhu are employed and compensated by Spokane Symphony Society (The Society), an unrelated organization. Said compensation is reported on Form 990 Part VII, Section A, Line 1a for Spokane Symphony and Fox Theater Endowment Fund (The Endowment). The Endowment reimburses The Society for 10% of Weiling Zhu's compensation. The Endowment reports the reimbursed compensation on Form 990, Part IX, Line 13.

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541349349308474

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