VIRGINIA SYMPHONY FOUNDATION

EIN: 521597415 501(c)(3)

NORFOLK, VA

Total Revenue
$251,795
Total Expenses
$505,751
Total Assets
$11,833,535
Net Assets
$11,829,175
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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
VA
Principal Officer
SHANNON KELLEY
Phone
7574663060
Tax Period
2024-07-01 to 2025-06-30

VIRGINIA SYMPHONY FOUNDATION, founded in 1988, is a small nonprofit that reported $222K in total revenue in fiscal year 2017. Revenue surged 644% from the prior year, signaling strong growth momentum. Expenses of $266K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO RECEIVE FUNDS AND PROPERTY BY GIFT, TRANSFER, DEVISE OR BEQUEST AND ADMINISTRATE AND APPLY SUCH FUNDS IN SUPPORT OF THE VIRGINIA SYMPHONY ORCHESTRA WHICH IS A LEADING CULTURAL ASSET CONNECTING EVERYONE IN HAMPTON ROADS THROUGH THE TRANSFORMATIVE POWER OF EXCEPTIONAL MUSICAL PERFORMANCES AND EDUCATIONAL ACTIVITIES.

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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 $251,795
Other Revenue $0
TOTAL REVENUE $251,795

Expense Breakdown

Grants Paid $446,008
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $446,008
Other Expenses $59,743
TOTAL EXPENSES $505,751

Year-over-Year Comparison

2024 2023 Change
Revenue $251,795 $521,089 -0.5%
Expenses $505,751 $439,652 +0.2%
Net Income $-253,956 $81,437 -4.1%
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
11
Independent Members
11
Employees
N/A
Volunteers
11

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
$305,958
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETTE MINETTE COOPER SECRETARY 1.00
Officer Director
$0 $0 $0
WINTHROP SHORT JR PRESIDENT 1.00
Officer Director
$0 $0 $0
BOB PETTERSON TREASURER 1.00
Officer Director
$0 $0 $0
JANE SHORT DIRECTOR 1.00
Director
$0 $0 $0
STEVE WINTER DIRECTOR 1.00
Director
$0 $0 $0
PATRICK MCDERMOTT DIRECTOR 1.00
Director
$0 $0 $0
HOWARD KERN DIRECTOR 1.00
Director
$0 $0 $0
CHRIS JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL MCCLELLAN DIRECTOR 1.00
Director
$0 $0 $0
GORDON ROBERTSON DIRECTOR 1.00
Director
$0 $0 $0
TIM FAULKNER DIRECTOR 1.00
Director
$0 $0 $0
ANDREA WARREN EXEC. DIRECTOR - FORMER 1.00
Officer
$0 $479 $165,479
YOLANDA SPONNEY DIRECTOR OF FINANCE (AS OF 6/8/2025) 1.00
Officer
$0 $0 $0
SHANNON KELLEY EXECUTIVE DIRECTOR 1.00
Officer
$0 $479 $140,479
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 $251,795 $505,751 $11,833,535 $-253,956
2024 $521,089 $439,652 $11,080,833 $81,437
2023 $1,358,445 $366,054 $9,902,382 $992,391
2022 $1,917,405 $306,216 $7,875,824 $1,611,189
2021 $1,832,881 $242,888 $7,541,686 $1,589,993
2020 $36,172 $254,855 $4,727,364 $-218,683
2019 $1,182,668 $752,659 $4,766,912 $430,009
2018 $221,942 $265,740 $4,296,928 $-43,798
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