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CHARITY REVIEW
Issued: April 2023 Expires: April 2025

The Amarillo Symphony

Accredited Charity
Accredited Charity

Meets Standards
(806) 376-8782
301 S. Polk St. Ste. 700
Amarillo, TX, 79101
https://amarillosymphony.org/
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

The Amarillo Symphony meets the 20 Standards for Charity Accountability.

Stated Purpose:
"The Amarillo Symphony inspires, educates, and unites this region through the power of music."

Year, State Incorporated:
1924, TX

Also Known As:
Amarillo Symphony, Inc.

Celebrating 100 seasons of musical excellence in 2023-2024, the Amarillo Symphony is the largest and most active performing arts organization in the Panhandle. It was founded in 1924 as a 12-piece ensemble called the Philharmonic Club.

By the late 1960s, the Philharmonic had officially changed its name to the Amarillo Symphony, and in 1968 it began playing in the Amarillo Civic Center Auditorium, where it remained for almost four decades. Aiding them was the Symphony Guild, founded in 1955 to improve community and financial support. Through the remainder of the twentieth century, the Symphony increased its ranks of musicians, raised its artistic level, and established outstanding community and educational programs. In 2006, it made its debut in the world-class Globe-News Center for the Performing Arts.

In addition to seven concert series, the Symphony performs two Holiday Pops concerts and a Hodgetown Pops Concert. It also sponsors the Amarillo Symphony Youth Orchestra program and has several additional education programs that reach over 16,000 students across the Panhandle each year. In addition, the Symphony partners with the Lone Star Ballet to present The Nutcracker Ballet and regularly seeks opportunities to collaborate with Amarillo's many other outstanding arts organizations. In recent years, the Amarillo Symphony family has grown to include the Greater Southwest Music Festival, a cherished Amarillo music festival, and Chamber Music Amarillo, celebrating its 25th anniversary this year.

For the year ended June 30, 2022, The Amarillo Symphony's program expenses were:

Programs $2,338,419
Total Program Expenses $2,338,419

Chief Executive
Larry Lang, Executive Director

Chair of the Board
Terry White, Community Volunteer

Chair's Profession / Business Affiliation

Board Size
27

Paid Staff Size
60

Method(s) Used:
Direct mail appeals, Telephone appeals, Invitations to fund raising events, Grant proposals, Internet, Planned giving arrangements, Membership appeals, Appeals via Social Media (Facebook, etc.)

% of Related Contributions on Fundraising: 5.39%

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on The Amarillo Symphony's audited financial statements for the year ended June 30, 2022.

Source of Funds
Gifts and Grants $1,318,170
Program Services $841,892
Investment Income $133,580
Net Realized Gain on Sale of Investments $119,498
Special Events $101,628
In Kind Contributions $68,494
Memberships $2,730
Other Loss $-8,755
Net Unrealized Loss on Investments $-913,843
Total Income $1,663,394

Programs: 88% Fundraising: 3% Administrative: 9%

Total Income $1,663,394
Total expenses: $2,656,736
  Program expenses $2,338,419
  Fundraising expenses $80,354
  Administrative expenses $237,963
  Other expenses $0
Income in Excess of Expenses $-993,342
Beginning Net Assets $6,321,501
Other Changes In Net Assets $0
Ending Net Assets $5,328,159
Total Liabilities $474,600
Total Assets $5,802,759

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

RELATED CONTENT

Report completed by:
BBB of Amarillo