Amarillo Symphony, Inc.

aka Amarillo Symphony | Amarillo, TX | www.amarillosymphony.org

GuideStar Charity Check

EIN: 75-1153018

Contributions tax deductible
as of September 2024

IRS BMF 509(a)(2)
as of September 09, 2024

View summary

Charity Check report

Mission

The Amarillo Symphony inspires, educates, and unites our region through the power of music.

Ruling year info

1945

Executive Director

Larry Lang

Main address

301 S Polk Suite 700

Amarillo, TX 79101 USA

Show more contact info

EIN

75-1153018

Subject area info

Orchestral music

Population served info

Adults

Children and youth

NTEE code info

Symphony Orchestras (A69)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Programs and results

What we aim to solve

This profile needs more info.

If it is your nonprofit, add a problem overview.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

The Amarillo Symphony Programs

The Amarillo Symphony has been touching lives with beautiful music since 1924. As the only professional orchestra in the Panhandle area, the Symphony employs 85 skilled musicians to perform for more than 2,300 subscribers each year. The Symphony's season is anchored by a seven-concert series in the Globe-News Center for the Performing Arts. These concerts are devoted to bringing audiences some of the canon's most memorable works, masterpieces ripe for rediscovery and brilliant compositions never before heard in Amarillo. The Symphony is also joined by renowned guest artists, including Van Cliburn Award-winning pianists and other acclaimed instrumentalists and vocalists. The Symphony's musicians are the most sought-after performers in Amarillo. Many maintain full schedules as music teachers and private instructors, though several have day jobs outside the music field. Our musicians also are frequently sought out to play in a variety of endeavors in Amarillo's bustling arts scene. In addition to its regular concerts, the Symphony offers an array of successful education programs, from youth orchestras to specialized music programs for underprivileged children, bringing the gift of music to thousands of young people throughout the Texas Panhandle each year. In addition, the Symphony and the Symphony Guild provide educational opportunities for adults interested in learning more about classical music.

Population(s) Served

Adults

Children and youth

Where we work

Affiliations & memberships

League of American Orchestras 2023

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

We shared information about our current feedback practices.

How is your organization using feedback from the people you serve?

To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
Which of the following feedback practices does your organization routinely carry out?
What challenges does the organization face when collecting feedback?

Financials

Amarillo Symphony, Inc.

Fiscal year: Jul 01 - Jun 30

Financial documents

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023

SOURCE: IRS Form 990

7.34

Average of 14.20 over 10 years

Months of cash in 2023

SOURCE: IRS Form 990

2.6

Average of 2.2 over 10 years

Fringe rate in 2023

SOURCE: IRS Form 990

12%

Average of 13% over 10 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Digitizing IRS form 990 data

Amarillo Symphony, Inc.

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: Download Data

Revenue
Contributions	$579,030
Government Grants	$5,380
Program Services	$555,725
Investments	($213,779)
Special Events	($5,478)
Sales	$0
Other	$1,500
Total Revenue	$922,378

Expenses
Program Services	$946,866
Administration	$326,557
Fundraising	$81,432
Total Expenses	$1,354,855
Net Gain/Loss	($432,477)

Functional expenses
Accounting Fees	$29,800
Advertising & Promotion	$46,930
Information Technology Expenses	$0
Insurance Expenses	$10,438
Interest Expenses	$1,752
Investment Management Fees	$27,856
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$505,483
Government Grants	$36,935
Program Services	$464,240
Investments	$212,921
Special Events	($11,741)
Sales	$0
Other	$2,788
Total Revenue	$1,210,626

Expenses
Program Services	$866,391
Administration	$327,154
Fundraising	$84,682
Total Expenses	$1,278,227
Net Gain/Loss	($67,601)

Functional expenses
Accounting Fees	$36,161
Advertising & Promotion	$41,638
Information Technology Expenses	$0
Insurance Expenses	$19,027
Interest Expenses	$4,202
Investment Management Fees	$27,829
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$532,149
Government Grants	$20,500
Program Services	$549,346
Investments	$303,144
Special Events	$65,829
Sales	$0
Other	$1,817
Total Revenue	$1,472,785

Expenses
Program Services	$947,427
Administration	$198,160
Fundraising	$71,041
Total Expenses	$1,216,628
Net Gain/Loss	$256,157

Functional expenses
Accounting Fees	$35,300
Advertising & Promotion	$34,915
Information Technology Expenses	$0
Insurance Expenses	$17,391
Interest Expenses	$0
Investment Management Fees	$23,724
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$463,929
Government Grants	$33,240
Program Services	$537,994
Investments	$176,653
Special Events	($34,512)
Sales	$0
Other	$6,846
Total Revenue	$1,184,150

Expenses
Program Services	$984,536
Administration	$133,502
Fundraising	$104,454
Total Expenses	$1,222,492
Net Gain/Loss	($38,342)

Functional expenses
Accounting Fees	$35,800
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$16,265
Interest Expenses	$0
Investment Management Fees	$21,410
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$739,340
Government Grants	$14,240
Program Services	$407,911
Investments	$460,792
Special Events	$68,903
Sales	$0
Other	$4,091
Total Revenue	$1,695,277

Expenses
Program Services	$918,530
Administration	$186,436
Fundraising	$201,330
Total Expenses	$1,306,296
Net Gain/Loss	$388,981

Functional expenses
Accounting Fees	$35,000
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$16,631
Interest Expenses	$0
Investment Management Fees	$23,124
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$10,000

Revenue
Contributions	$555,187
Government Grants	$20,750
Program Services	$408,981
Investments	$317,085
Special Events	$44,730
Sales	$0
Other	$2,594
Total Revenue	$1,349,327

Expenses
Program Services	$1,239,798
Administration	$169,258
Fundraising	$156,238
Total Expenses	$1,565,294
Net Gain/Loss	($215,967)

Functional expenses
Accounting Fees	$37,000
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$23,712
Interest Expenses	$0
Investment Management Fees	$22,459
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$792,863
Government Grants	$23,500
Program Services	$428,564
Investments	$303,759
Special Events	($58,547)
Sales	$0
Other	$0
Total Revenue	$1,490,139

Expenses
Program Services	$1,148,983
Administration	$184,658
Fundraising	$119,777
Total Expenses	$1,453,418
Net Gain/Loss	$36,721

Functional expenses
Accounting Fees	$51,000
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$22,998
Interest Expenses	$4,794
Investment Management Fees	$24,848
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$755,743
Government Grants	$0
Program Services	$500,934
Investments	$213,023
Special Events	($87,985)
Sales	$0
Other	$3,047
Total Revenue	$1,384,762

Expenses
Program Services	$1,209,785
Administration	$195,070
Fundraising	$159,491
Total Expenses	$1,564,346
Net Gain/Loss	($179,584)

Functional expenses
Accounting Fees	$28,500
Advertising & Promotion	$0
Information Technology Expenses	$3,868
Insurance Expenses	$25,026
Interest Expenses	$3,479
Investment Management Fees	$21,526
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,076,492
Government Grants	$0
Program Services	$580,253
Investments	$192,300
Special Events	($52,821)
Sales	$0
Other	$2,089
Total Revenue	$1,798,313

Expenses
Program Services	$1,452,655
Administration	$162,671
Fundraising	$255,792
Total Expenses	$1,871,118
Net Gain/Loss	($72,805)

Functional expenses
Accounting Fees	$29,041
Advertising & Promotion	$138,460
Information Technology Expenses	$3,230
Insurance Expenses	$24,826
Interest Expenses	$2,818
Investment Management Fees	$22,990
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$1,568

Revenue
Contributions	$881,594
Government Grants	$0
Program Services	$561,719
Investments	$262,181
Special Events	($28,061)
Sales	$0
Other	$491
Total Revenue	$1,677,924

Expenses
Program Services	$1,341,481
Administration	$153,863
Fundraising	$297,314
Total Expenses	$1,792,658
Net Gain/Loss	($114,734)

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$132,316
Information Technology Expenses	$0
Insurance Expenses	$23,408
Interest Expenses	$5,234
Investment Management Fees	$25,236
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$3,147

Revenue
Contributions	$1,033,166
Government Grants	$0
Program Services	$644,473
Investments	$287,133
Special Events	($23,261)
Sales	$0
Other	$4,300
Total Revenue	$1,945,811

Expenses
Program Services	$1,594,260
Administration	$125,425
Fundraising	$289,460
Total Expenses	$2,009,145
Net Gain/Loss	($63,334)

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$154,547
Information Technology Expenses	$0
Insurance Expenses	$24,340
Interest Expenses	$5,837
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$3,016

Revenue
Contributions	$974,502
Government Grants	$95,000
Program Services	$501,316
Investments	$211,007
Special Events	($60,885)
Sales	$0
Other	$6,665
Total Revenue	$1,727,605

Expenses
Program Services	$1,413,360
Administration	$142,973
Fundraising	$323,374
Total Expenses	$1,879,707
Net Gain/Loss	($152,102)

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$133,956
Information Technology Expenses	$0
Insurance Expenses	$25,296
Interest Expenses	$8,916
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$8,128

Revenue
Contributions	$895,256
Government Grants	$194,543
Program Services	$292,843
Investments	$290,486
Special Events	($72,834)
Sales	$0
Other	$14
Total Revenue	$1,600,308

Expenses
Program Services	$1,290,631
Administration	$228,200
Fundraising	$124,277
Total Expenses	$1,643,108
Net Gain/Loss	($42,800)

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$84,949
Information Technology Expenses	$0
Insurance Expenses	$22,256
Interest Expenses	$112
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$8,503

Revenue
Contributions	$1,477,603
Government Grants	$0
Program Services	$841,892
Investments	$278,374
Special Events	$3,388
Sales	$0
Other	($8,755)
Total Revenue	$2,592,502

Expenses
Program Services	$2,337,973
Administration	$248,420
Fundraising	$85,608
Total Expenses	$2,672,001
Net Gain/Loss	($79,499)

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$192,028
Information Technology Expenses	$0
Insurance Expenses	$18,299
Interest Expenses	$648
Investment Management Fees	$25,296
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$5,254

Revenue
Contributions	$1,468,357
Government Grants	$0
Program Services	$896,081
Investments	$192,201
Special Events	($112,268)
Sales	$0
Other	$55
Total Revenue	$2,444,426

Expenses
Program Services	$2,292,675
Administration	$203,623
Fundraising	$91,813
Total Expenses	$2,588,111
Net Gain/Loss	($143,685)

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$216,601
Information Technology Expenses	$0
Insurance Expenses	$20,869
Interest Expenses	$0
Investment Management Fees	$23,050
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$9,500

Amarillo Symphony, Inc.

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Jul 01, 2008	Jun 30, 2009	Change
Contributions	$579,030
Cash & Equivalents	$166,082	$202,331	$36,249
Accounts Receivable	$9,320	$12,820	$3,500
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$5,118,401	$4,245,180	($873,221)
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$28,850	$24,256	($4,594)
Other	$40,089	$30,598	($9,491)
Total Assets	$5,362,742	$4,515,185	($847,557)

Liabilities	Jul 01, 2008	Jun 30, 2009	Change
Accounts Payable	$1,325	$39,537	$38,212
Grants Payable	$0	$0	$0
Deferred Revenue	$470,404	$380,171	($90,233)
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$471,729	$419,708	($52,021)

Fund balance	Jul 01, 2008	Jun 30, 2009	Change
Temporarily Restricted Net Assets	$0	$103,000	$103,000
Permanently Restricted Net Assets	$1,477,302	$1,485,002	$7,700
Total Restricted Net Assets	$1,477,302	$1,588,002	$110,700
Unrestricted Net Assets	$3,413,711	$2,507,475	($906,236)
Net Assets	$4,891,013	$4,095,477	($795,536)

Assets	Jul 01, 2009	Jun 30, 2010	Change
Contributions	$505,483
Cash & Equivalents	$202,331	$285,104	$82,773
Accounts Receivable	$12,820	$6,543	($6,277)
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$4,245,180	$4,355,427	$110,247
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$24,256	$18,590	($5,666)
Other	$30,598	$32,409	$1,811
Total Assets	$4,515,185	$4,698,073	$182,888

Liabilities	Jul 01, 2009	Jun 30, 2010	Change
Accounts Payable	$39,537	$7,545	($31,992)
Grants Payable	$0	$0	$0
Deferred Revenue	$380,171	$369,950	($10,221)
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$419,708	$377,495	($42,213)

Amarillo Symphony, Inc.

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Amarillo Symphony, Inc.’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Fiscal year: Jul 01 - Jun 30 View full report Download data

Business model indicators

Profitability	2019	2020	2021	2022	2023
Unrestricted surplus (deficit) before depreciation	$181,607	-$112,401	$1,029,913	-$651,365	$63,473
As % of expenses	9.1%	-6.0%	62.8%	-24.4%	2.5%
Unrestricted surplus (deficit) after depreciation	$165,701	-$121,120	$1,026,838	-$653,690	$54,582
As % of expenses	8.2%	-6.4%	62.5%	-24.5%	2.1%

Revenue composition
Total revenue (unrestricted & restricted)	$1,945,811	$1,727,605	$1,600,308	$2,592,502	$2,444,426
Total revenue, % change over prior year	16.0%	-11.2%	-7.4%	62.0%	-5.7%
Program services revenue	33.1%	29.0%	18.3%	32.5%	36.7%
Membership dues	0.3%	0.3%	0.2%	0.1%	0.2%
Investment income	5.1%	6.2%	5.6%	6.1%	5.6%
Government grants	0.0%	5.5%	12.2%	0.0%	0.0%
All other grants and contributions	51.6%	52.6%	51.2%	57.0%	55.3%
Other revenue	9.9%	6.4%	12.6%	4.3%	2.2%

Expense composition
Total expenses before depreciation	$1,993,239	$1,870,988	$1,640,033	$2,669,676	$2,579,220
Total expenses, % change over prior year	12.2%	-6.1%	-12.3%	62.8%	-3.4%
Personnel	46.7%	50.7%	58.3%	46.6%	53.1%
Professional fees	14.3%	14.0%	5.2%	12.7%	6.3%
Occupancy	1.7%	2.2%	2.9%	1.8%	2.0%
Interest	0.3%	0.5%	0.0%	0.0%	0.0%
Pass-through	0.1%	0.0%	0.0%	0.0%	0.0%
All other expenses	37.0%	32.7%	33.5%	38.9%	38.5%

Full cost components (estimated)	2019	2020	2021	2022	2023
Total expenses (after depreciation)	$2,009,145	$1,879,707	$1,643,108	$2,672,001	$2,588,111
One month of savings	$166,103	$155,916	$136,669	$222,473	$214,935
Debt principal payment	$0	$151,203	$0	$1,327	$1,326
Fixed asset additions	$0	$0	$155,565	$41,927	$148,403
Total full costs (estimated)	$2,175,248	$2,186,826	$1,935,342	$2,937,728	$2,952,775

Capital structure indicators

Liquidity	2019	2020	2021	2022	2023
Months of cash	2.9	1.6	1.6	2.5	2.6
Months of cash and investments	34.5	34.8	47.4	25.1	26.8
Months of estimated liquid unrestricted net assets	20.9	21.5	31.0	16.5	16.7

Balance sheet composition	2019	2020	2021	2022	2023
Cash	$478,440	$243,134	$214,063	$555,477	$559,348
Investments	$5,248,566	$5,178,146	$6,257,640	$5,031,200	$5,193,979
Receivables	$41,301	$0	$0	$0	$0
Gross land, buildings, equipment (LBE)	$193,422	$195,891	$354,822	$250,488	$389,458
Accumulated depreciation (as a % of LBE)	95.2%	98.4%	56.2%	75.0%	48.1%
Liabilities (as a % of assets)	10.3%	6.9%	5.0%	8.2%	12.7%
Unrestricted net assets	$3,476,994	$3,355,874	$4,382,712	$3,729,022	$3,783,604
Temporarily restricted net assets	$249,380	N/A	N/A	N/A	N/A
Permanently restricted net assets	$1,525,676	N/A	N/A	N/A	N/A
Total restricted net assets	$1,775,056	$1,711,319	$1,938,789	$1,599,137	$1,612,756
Total net assets	$5,252,050	$5,067,193	$6,321,501	$5,328,159	$5,396,360

Key data checks

Key data checks	2019	2020	2021	2022	2023
Material data errors	No	No	No	No	No

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination

Form 1023/1024 is not available for this organization

Executive Director

Larry Lang

Number of employees

Source: IRS Form 990

Amarillo Symphony, Inc.

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Amarillo Symphony, Inc.

Board of directors
as of 06/12/2023

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board chair

Terry White

Laura Street

Steve Bowen

Brian Bruckner

Doug Hyde

Alan Rhodes

Robyn Rhodes

Terry White

Terry Sheldon

Clint Esler

Suzanne Wheeler

Craig Cunningham

Ginger Denney

Christine Garner

Robert Hansen

Dan Hanson

Kimberly Hieb

Kay Kennedy

Eileene Moss

Camille Nies

Marianne Pierce

James Rauscher

Kathy Sheldon

Claudia Stuart

Peter Stynes

Janet Townsend

Shane Williams

Mindi Zanowiak

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? No
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? No
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Amarillo Symphony, Inc.

Mission

Is this your nonprofit?

Programs and results

What we aim to solve

This profile needs more info.

Our programs

The Amarillo Symphony Programs

Where we work

Affiliations & memberships

How we listen

Financials

Financial documents

Revenue vs. expenses: breakdown

Liquidity in 2023 info

7.34

Months of cash in 2023 info

2.6

Fringe rate in 2023 info

12%

Funding sources info

Assets & liabilities info

Financial data

Digitizing IRS form 990 data

Amarillo Symphony, Inc.

Amarillo Symphony, Inc.

Amarillo Symphony, Inc.

Business model indicators

Capital structure indicators

Key data checks

Operations

Documents

Executive Director

Larry Lang

Number of employees

Amarillo Symphony, Inc.

Compensation data

Amarillo Symphony, Inc.

Board of directors data

Terry White

Board leadership practices

Board orientation and education

CEO oversight

Ethics and transparency

Board composition

Board performance

Liquidity in 2023

Months of cash in 2023

Fringe rate in 2023

Funding sources

Assets & liabilities