Nashville Symphony Association
Fiscal Year
Fiscal Year Start
08/01/2021
Fiscal Year End
07/31/2022
Projected Revenue
$25,582,748.00
Projected Expenses
$25,582,747.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Nashville Symphony Association 501(c)(3) |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2020 | 2019 | 2018 |
|---|---|---|---|
| Total Revenue | $15,947,022.00 | $23,179,344.00 | $23,557,261.00 |
| Total Expenses | $23,610,906.00 | $27,421,525.00 | $26,456,868.00 |
| Revenue Less Expenses | ($7,663,884.00) | ($4,242,181.00) | ($2,899,607.00) |
Revenue Sources
| Fiscal Year | 2020 | 2019 | 2018 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $25,000.00 | $249,700.00 | $277,130.00 |
| Individual Contributions | $8,163,437.00 | $7,957,743.00 | $6,616,845.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $5,552,895.00 | $11,174,696.00 | $12,876,077.00 |
| Investment Income, Net of Losses | $64,928.00 | $381,036.00 | $640,930.00 |
| Membership Dues | $5,925.00 | $11,325.00 | $10,485.00 |
| Special Events | $883,923.00 | $1,066,229.00 | $845,687.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $1,250,914.00 | $2,338,615.00 | $2,290,107.00 |
Expense Allocation
| Fiscal Year | 2020 | 2019 | 2018 |
|---|---|---|---|
| Program Expense | $19,537,841.00 | $22,851,856.00 | $22,374,053.00 |
| Administration Expense | $2,836,923.00 | $3,123,602.00 | $2,693,609.00 |
| Fundraising Expense | $1,236,142.00 | $1,446,067.00 | $1,389,206.00 |
| Total Revenue/Total Expenses | 68% | 85% | 89% |
| Program Expense/Total Expenses | 83% | 83% | 85% |
| Fundraising Expense/Contributed Revenue | 5% | 5% | 5% |
Top Funding Sources
| Fiscal Year | 2020 | 2019 | 2018 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts and Grants $8,163,437.00 | Program Revenue $11,174,696.00 | Program Revenue $12,876,077.00 |
| Second Highest Funding Source & Dollar Amount | Program Revenue $5,552,895.00 | Contributions, Gifts and Grants $7,957,743.00 | Contributions, Gifts and Grants $6,616,845.00 |
| Third Highest Funding Source & Dollar Amount | Other Revenue $1,250,914.00 | Other Revenue $2,338,615.00 | Other Revenue $2,290,107.00 |
Assets and Liabilities
| Fiscal Year | 2020 | 2019 | 2018 |
|---|---|---|---|
| Total Assets | $92,523,857.00 | $97,192,767.00 | $101,369,905.00 |
| Current Assets | $8,379,809.00 | $8,671,003.00 | $13,214,482.00 |
| Long-Term Liabilities | $2,847,380.00 | $0.00 | $0.00 |
| Current Liabilities | $26,498,048.00 | $26,362,252.00 | $26,315,206.00 |
| Total Net Assets | $63,178,429.00 | $70,830,515.00 | $75,054,699.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$715,166.00
What is the spending policy for your endowment?
Income plus capital appreciation
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Under Extension
Form 990s
Audit Documents
Foundation Staff Comments
| Financial figures are taken from the 990. Financial documents prepared by Crowe LLP. Comments provided by Kathryn Bennett 5/24/2021. |
