FAYETTEVILLE SYMPHONY ORCHESTRA INC

EIN: 581393271 501(c)(3) Arts, Culture & Humanities

FAYETTEVILLE, NC

Total Revenue
$544,517
Total Expenses
$687,626
Total Assets
$425,624
Net Assets
$391,603
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
NC
Principal Officer
ANNA MEYER
Phone
9104334690
Tax Period
2023-07-01 to 2024-06-30

FAYETTEVILLE SYMPHONY ORCHESTRA INC, founded in 1979, is a small nonprofit in the Arts, Culture & Humanities sector that reported $545K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $688K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROVIDE FINANCIAL AND MATERIAL SUPPORT TO THE FAYETTEVILLE SYMPHONY ORCHESTRA, TO FURTHER MUSICAL EDUCATION IN THE SCHOOLS OF CUMBERLAND COUNTY AND ADJACENT AREAS OF THE STATE OF NORTH CAROLINA, TO FURTHER MUSICAL APPRECIATION AMONG THE POPULATION OF FAYETTEVILLE, CUMBERLAND COUNTY AND ADJACENT AREAS OF THE STATE OF NORTH CAROLINA; AND TO AFFORD THE CITIZENS OF THAT AREA OPPORTUNITIES FOR MUSICAL ENTERTAINMENT AND ENJOYMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $465,242
Program Service Revenue $69,284
Investment Income $554
Other Revenue $9,437
TOTAL REVENUE $544,517

Expense Breakdown

Grants Paid $0
Salaries & Benefits $226,796
Fundraising Expenses $22,235
Program Expenses $554,443
Other Expenses $460,830
TOTAL EXPENSES $687,626

Year-over-Year Comparison

2023 2022 Change
Revenue $544,517 $603,488 -0.1%
Expenses $687,626 $622,877 +0.1%
Net Income $-143,109 $-19,389 +6.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
7
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
0
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUG STEPHENS CO-CHAIR 5.00
Director
$0 $0 $0
MARK REGENSBURGER VICE CHAIR 5.00
Director
$0 $0 $0
PHILLIP HEDRICK VICE CHAIR 5.00
Director
$0 $0 $0
RHONDA HASKINS TREASURER 5.00
Director
$0 $0 $0
LATASHA WOLOKOLIE SECRETARY 5.00
Director
$0 $0 $0
PATTI MONROE BOARD MEMBER 5.00
Director
$0 $0 $0
ZACH PRITCHETT BOARD MEMBER 1.00
Director
$0 $0 $0
CARRIE CALLAHAN BOARD MEMBER 1.00
Director
$0 $0 $0
DR BRENDA DEPAOLA BOARD MEMBER 1.00
Director
$0 $0 $0
BRITTANY DICKERHOFF BOARD MEMBER 1.00
Director
$0 $0 $0
AMY STEFFAN BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN TURNER BOARD MEMBER 1.00
Director
$0 $0 $0
SAVANNA SAMUELIAN BOARD MEMBER 1.00
Director
$0 $0 $0
ADDISON DAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
LOUISE BROOKS BOARD MEMBER 1.00
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 No data No data No data No data
2024 $544,517 $687,626 $425,624 $-143,109
2023 $603,488 $622,877 $584,537 $-19,389
2022 $517,867 $574,486 $591,326 $-56,619
2021 $587,859 $276,108 $631,588 $311,751
2020 $507,511 $493,323 $355,659 $14,188
2019 $570,725 $573,169 $328,336 $-2,444
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