ROANOKE SYMPHONY FOUNDATION

EIN: 521357397 501(c)(3) Arts, Culture & Humanities

ROANOKE, VA

Total Revenue
$66,783
Total Expenses
$47,772
Total Assets
$1,880,884
Net Assets
$1,880,884
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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
VA
Principal Officer
DAVID CRANE
Phone
5403436221
Tax Period
2024-07-01 to 2025-06-30

ROANOKE SYMPHONY FOUNDATION, founded in 1953, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $43K in total revenue in fiscal year 2018. Revenue decreased 19% compared to the prior year. Expenses of $90K exceeded revenue, resulting in a 108% operating deficit.

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION IS INVESTMENT OF ENDOWMENT CONTRIBUTIONS. EARNINGS FROM THE INVESTMENTS ARE USED TO SUPPORT THE ACTIVITIES OF THE ROANOKE SYMPHONY ORCHESTRA, AN AFFILIATED ORGANIZATION, WHOSE MAIN PURPOSE IS TO AFFORD CITIZENS OF THE ROANOKE VALLEY AND SURROUNDING COMMUNITIES OPPORTUNITIES FOR MUSICAL ENTERTAINMENT AND TO OFFER ASSISTANCE AND ENCOURAGEMENT TO AREA YOUTH STUDYING MUSIC.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $66,783
Other Revenue $0
TOTAL REVENUE $66,783

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $47,772
Other Expenses $47,772
TOTAL EXPENSES $47,772

Year-over-Year Comparison

2024 2023 Change
Revenue $66,783 $88,394 -0.2%
Expenses $47,772 $12,728 +2.8%
Net Income $19,011 $75,666 -0.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$126,200
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID CRANE Executive Dir. 0.00
Officer
$0 $1,166 $126,200
CHRIS HEAD Director 0.00
Director
$0 $0 $0
JEANNE FISHWICK Director 0.00
Director
$0 $0 $0
ELLIE HAMMER Director 0.00
Director
$0 $0 $0
SANDRA SMITH Director 0.00
Director
$0 $0 $0
MARY HELEN CHISHOLM Director 0.00
Director
$0 $0 $0
SAMUEL OAKEY IV Director 0.00
Director
$0 $0 $0
PAUL ECONOMY Past President 0.00
Officer Director
$0 $0 $0
JIM HURT Director 0.00
Director
$0 $0 $0
MONICA MONDAY Vice President 0.00
Officer Director
$0 $0 $0
CHRIS VOGADO Director 0.00
Director
$0 $0 $0
DR LEE LEARMAN Director 0.00
Director
$0 $0 $0
MICHAEL MAXEY President 0.00
Officer Director
$0 $0 $0
HELENE DREILING Secretary 0.00
Officer Director
$0 $0 $0
RICHARD GARBEE Treasurer 0.00
Officer Director
$0 $0 $0
SAM LIONBERGER Director 0.00
Director
$0 $0 $0
BRENDA CHAPMAN Director 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $66,783 $47,772 $1,880,884 $19,011
2024 $88,394 $12,728 $1,717,661 $75,666
2023 $2,033 $19,889 $1,556,864 $-17,856
2022 $121,345 $23,196 $1,444,410 $98,149
2021 $31,150 $86,206 $1,673,139 $-55,056
2020 $40,389 $88,433 $1,437,822 $-48,044
2019 $43,314 $90,209 $1,479,254 $-46,895
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