Austin Symphony Orchestra Society

Overview

The Austin Symphony Orchestra Society is a nonprofit organization with the Employer Identification Number (EIN) 41-6023056. Established in Austin, Minnesota, it has been a tax-exempt organization since March 1959. The organization is classified as an educational nonprofit, focusing on the advancement of musical education and the enjoyment of orchestral music.

Legal Status

Austin Symphony Orchestra Society operates as a public charity and is designated as a 509(a)(2) type organization. This classification means it receives no more than one-third of its support from gross investment income and unrelated business income, while more than one-third comes from contributions, fees, and gross receipts related to exempt purposes. Contributions to this organization are deductible.

Financials

The organization's financial data show that it primarily obtains its revenue from contributions, with a smaller portion coming from program services and investment income. In recent years, contributions have consistently been the largest source of income, often exceeding 70% of total revenue. Program services and investment income have also contributed significantly to its revenue, though in smaller proportions. The organization's total assets have varied, but it typically ranges between $200,000 and $300,000, with no reported liabilities.

Fiscal Operations

Austin Symphony Orchestra Society files its annual financial reports on Form 990, with the fiscal year ending in July. The organization's financial management and governance practices are outlined in these documents, which are available for public review.

Community Impact

While specific details about grants or direct community projects are not widely documented, the organization's mission is centered around promoting musical education and appreciation in Austin and its surrounding communities. This aligns with broader goals of enriching cultural experiences and fostering a love for classical music among local residents.

Note

Some sources may confuse this organization with the similarly named Austin Symphony Orchestra in Texas, but they are distinct entities with different geographical focuses and operational details.