Traverse Symphony Orchestra in Traverse City, Michigan (MI)

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Traverse Symphony Orchestra
Employer Identification Number (EIN)382680276
Name of OrganizationTraverse Symphony Orchestra
Address300 E Front St Ste 230, Traverse City, MI 49684-5773
ActivitiesCultural performances
SubsectionCharitable Organization
Ruling Date03/1990
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period08/2012
Assets$500,000 to $999,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$562,000
Amount of Income$661,865
Form 990 Revenue Amount$661,865
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Symphony Orchestras


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Amount of income in 2012: $661,865 (it was $616,952 in 2011)
This organization: 

 $661,865
Other organizations performing similar types of work: 

 $190,892

Assets in 2012: $562,000 (it was $746,344 in 2011)
Traverse Symphony Orchestra: 

 $562,000
Other organizations performing similar types of work: 

 $114,101

Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$616,952
Contributions, Gifts, Grants and Other Similar Amounts$433,970
Program Service Revenue$163,854
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$16,638
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$2,415
Gross income from fundraising events$2,415
Less: direct expenses$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$75
Statement of Functional Expenses (for 2011)
Total functional expenses$639,939
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$13,817
Professional fundraising services$0
Other$626,122
Balance Sheet (for 2011)
Total assets$746,344
Total liabilities$403,856
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$105,100
Other$298,756
Total net assets or fund balances$342,488
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$4,194,072
Gifts, grants, contributions, and membership fees received$2,643,652
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$1,454,275
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$96,145
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$24,197$0$24,197
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$241,971$0$24,197
Deductions Not Taken Elsewhere (for 2008)
Total deductions$68,582
Compensation of officers, directors, and trustees$0
Salaries and wages$20,200
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$48,382
Unrelated business taxable income$-44,385
Unrelated business taxable income before net operating loss deduction$-44,385
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$0
Specific deduction$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Yakima Symphony Orchestra Inc32 N 3rd St Ste 333, Yakima, WA 98901-2730WA1974-02$746,905
2Greater Grand Forks Symphony Association3350 Campus Road, Grand Forks, ND 58202-6076ND1977-03$125,334
3Louisiana Philharmonic Orchestra1010 Common St, New Orleans, LA 70112-2401LA1992-01$5,252,558
4Long Beach Symphony Association555 E Ocean Blvd Ste 106, Long Beach, CA 90802-5056CA1945-03$2,922,540
5Lancaster Symphony OrchestraPO BOX 1281, Lancaster, PA 17608-1281PA1948-03$1,754,591
6Portland Youth Philharmonic Association421 Sw 6th Ave Ste 1350, Portland, OR 97204-1612OR1926-07$1,570,445
7Montgomery Symphony AssociationPO BOX 1864, Montgomery, AL 36102-1864AL1981-01$1,488,953
8California Youth Symphony Association441 S California Ave Ste 5, Palo Alto, CA 94306-1848CA1954-05$1,476,026
9Princeton Symphony Orchestra IncPO BOX 250, Princeton, NJ 08542-0250NJ1980-12$1,437,263
10Marin Symphony Assn4340 Redwood Hwy Ste 409, San Rafael, CA 94903-2104CA1953-12$1,346,246
11Boston Philharmonic Orchestra Corporation295 Huntington Ave Ste 210, Boston, MA 02115-4433MA1979-08$1,253,535
12Asheville Symphony Society IncPO BOX 2852, Asheville, NC 28802-2852NC1963-05$1,206,680
13Waco Symphony Association Inc600 Austin Ave Ste 10, Waco, TX 76701-2044TX1964-04$1,055,128
14Traverse Symphony Orchestra300 E Front St Ste 230, Traverse City, MI 49684-5773MI1990-03$661,865
15Saginaw Symphony Association, Saginaw Bay Orchestra201 N Washington Avenue, Saginaw, MI 48607-1209MI1953-03$577,893
16Dearborn Orchestral Society IncPO BOX 2063, Dearborn, MI 48123-2063MI1964-06$195,656
17Birmingham-Bloomfield Symphony Orchestra1800 W Big Beavr Rd Ste 100, Troy, MI 48084-3519MI1977-07$89,832
18Metropolitan Youth Symphony IncPO BOX 2065, Farmingtn Hls, MI 48333-2065MI1982-10$82,667
19Grosse Pointe Symphony Orchestra Society32 Lake Shore Rd, Grosse Pointe, MI 48236-3726MI1955-03$58,288
20Grand Rapids Symphonic BandPo Box 3571, Grand Rapids, MI 49501-3571MI1981-05$0
Number of organizations performing similar types of work
Alaska3
Alabama3
Arkansas5
Arizona8
California39
Colorado11
Connecticut11
District of Columbia3
Delaware1
Florida14
Georgia5
Hawaii3
Iowa2
Idaho3
Illinois12
Indiana13
Kansas3
Kentucky3
Louisiana6
Massachusetts13
Maryland5
Maine3
Michigan13
Minnesota6
Missouri2
Mississippi2
Montana1
North Carolina9
North Dakota3
Nebraska3
New Hampshire2
New Jersey8
New Mexico2
Nevada1
New York21
Ohio13
Oklahoma4
Oregon10
Pennsylvania28
Rhode Island1
South Carolina4
South Dakota1
Tennessee4
Texas26
Utah2
Virginia9
Vermont1
Washington16
Wisconsin8
West Virginia3
Wyoming2
Total374

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