BRONZE2023

SoCal Symphony Society

aka Culver City Symphony Orchestra   |   Culver City, CA   |  https://www.culvercitysymphony.org/
GuideStar Charity Check

SoCal Symphony Society

EIN: 23-7231096


Mission

The Culver City Symphony Orchestra strives to enlighten and inspire the diverse citizenry of Culver City and the Los Angeles area through the presentation of orchestral music concerts, to present works of American composers, and to actively support aspiring young musicians though the Orchestra's annual Parness Concerto Competition.

Ruling year info

1980

President

Stephen Turk

Main address

PO Box 4846

Culver City, CA 90231 USA

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Formerly known as

Westchester Symphony Society

EIN

23-7231096

Subject area info

Musical theater

Musical ensembles and groups

Opera

Orchestral music

Population served info

Children

Adolescents

Adults

Artists and performers

NTEE code info

Symphony Orchestras (A69)

Programs and results

What we aim to solve

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This organization has not yet reported any program information.

Where we work

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Financials

SoCal Symphony Society
Fiscal year: Jul 01 - Jun 30

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2018 info

SOURCE: IRS Form 990

2.53

Average of 1.46 over 10 years

Months of cash in 2018 info

SOURCE: IRS Form 990

0.5

Average of 2.5 over 10 years

Fringe rate in 2018 info

SOURCE: IRS Form 990

0%

Average of 0% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

Source: IRS Form 990 info

SoCal Symphony Society

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990

Fiscal year ending: cloud_download Download Data

SoCal Symphony Society

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990

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: cloud_download Download Data

SoCal Symphony Society

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990

This snapshot of SoCal Symphony Society’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.

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Business model indicators

Profitability info 2014 2015 2016 2017 2018
Unrestricted surplus (deficit) before depreciation $7,171 -$10,777 -$1,017 $6,016 $3,013
As % of expenses 3.1% -5.5% -0.4% 2.4% 1.1%
Unrestricted surplus (deficit) after depreciation $7,171 -$10,777 -$1,017 $6,016 $3,013
As % of expenses 3.1% -5.5% -0.4% 2.4% 1.1%
Revenue composition info
Total revenue (unrestricted & restricted) $237,192 $186,046 $252,410 $258,423 $271,283
Total revenue, % change over prior year 1.0% -21.6% 35.7% 2.4% 5.0%
Program services revenue 89.8% 89.0% 95.1% 90.5% 90.9%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.1% 0.1% 0.0% 0.0% 0.0%
Government grants 6.6% 7.7% 4.7% 0.0% 0.0%
All other grants and contributions 3.4% 3.2% 0.2% 9.5% 9.0%
Other revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $230,021 $196,823 $253,427 $252,407 $268,270
Total expenses, % change over prior year -3.2% -14.4% 28.8% -0.4% 6.3%
Personnel 0.0% 0.0% 0.0% 0.0% 0.0%
Professional fees 0.4% 0.5% 0.4% 1.0% 0.5%
Occupancy 0.0% 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 99.6% 99.5% 99.6% 99.0% 99.5%
Full cost components (estimated) info 2014 2015 2016 2017 2018
Total expenses (after depreciation) $230,021 $196,823 $253,427 $252,407 $268,270
One month of savings $19,168 $16,402 $21,119 $21,034 $22,356
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $249,189 $213,225 $274,546 $273,441 $290,626

Capital structure indicators

Liquidity info 2014 2015 2016 2017 2018
Months of cash 0.8 0.9 0.0 0.4 0.5
Months of cash and investments 0.8 0.9 0.0 0.4 0.5
Months of estimated liquid unrestricted net assets 1.1 0.6 0.5 0.7 0.8
Balance sheet composition info 2014 2015 2016 2017 2018
Cash $14,810 $14,381 $469 $8,255 $12,020
Investments $0 $0 $0 $0 $0
Receivables $12,287 $6,000 $17,796 $11,172 $5,188
Gross land, buildings, equipment (LBE) $0 $0 $0 $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 27.8% 53.2% 53.6% 33.8% 20.6%
Unrestricted net assets $0 $0 $0 $0 $0
Temporarily restricted net assets $0 $0 $0 $0 $0
Permanently restricted net assets $0 $0 $0 $0 $0
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $21,343 $10,566 $9,549 $15,565 $18,578

Key data checks

Key data checks info 2014 2015 2016 2017 2018
Material data errors No No No No No

Operations

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

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

President

Stephen Turk

Stephen Turk has an MA from the University of Oxford and is a CPA. He was a Managing Director at Deloitte, a major international accounting and consulting firm, for 33 years. He has experience serving not-for-profit clients and has served on other not-for-profit boards. Steve was elected to the Symphony Society’s Board of Directors in 2016 and became President in 2020. He leads our funding initiatives, including grant writing, and works closely with the Treasurer, Secretary and Vice President on financial and operational matters. Steve would normally work closely with our Music Director to plan our concert seasons. Currently, while we search for a replacement for Frank Fetta, our MD who passed in 2021, Steve is working with the Board to plan our 2022-23 season and hire guest conductors. Steve joined the cello section of the Orchestra in 1980, within weeks of arriving in Los Angeles from England.

Number of employees

Source: IRS Form 990

SoCal Symphony Society

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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This organization has no recorded board members.