North Ms Symphony Orchestra EIN 23-7228350 Form 990 (PDF) Claim this org

North Ms Symphony Orchestra

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Brings classical music and education to North Mississippi communities. For fiscal year 2025 it reported $383K in revenue, $384K in expenses, and $208K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Tupelo, MS
Website
nmsymphony.com
Filings
5 on file (2021–2025)
Revenue
$383KFY2025
Expenses
$384K
Net assets
$208K
People
21
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-7228350 Public charity (501(c)(3)) Tupelo, MS
Form 990 (PDF)
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Size
$100K–1M
What they do
Brings classical music and education to North Mississippi communities.
Leadership
Brooke Burleson · Executive Di
Money in and out
$383K revenue, $384K expenses
Bottom line
76% program efficiency
Where the money goes · FY2025
Total revenue
$383K
Pt VIII · Ln 12
Total expenses
$384K
Pt IX · Ln 25
Net assets
$208K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$2K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.23 Fundraising $0.02
Program efficiency
76%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
4.7mo
months of highly liquid reserves at operating expense rate▼ -22% vs prior filing year
Surplus margin
-0.5%
revenue over expenses, this year▼ -102% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$383K
FY2025▼ -8%
Expenses
$384K
FY2025▲ +22%
Total assets
$276K
FY2025▼ -3%
Total liabilities
$69K
FY2025▼ -7%
Total revenue
$383K
Pt VIII · Ln 12
Total expenses
$384K
Pt IX · Ln 25
Net assets
$208K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$2K
Total assetsPt X · Ln 16$276K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418
Mission & Programs · Part III

Where the work happens

1 program service account for $291K of program spending, described in the organization's own filed words · FY2024.
01

Production of several concert performances and creation of youth orchestra.

$291Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNorth Ms Symphony Orchestra
EINHdr · item D23-7228350
Principal addressHdr · item CTupelo, MS
WebsiteHdr · item Jnmsymphony.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMS
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A69Z)
Ruling yearIRS BMFApr 1973

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Di
$0Pt VII · Sec A
Music Direct
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Lisa Martin$13,500$32,400$36,000$36,000
Debra Robison$11,250

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$249K · 65%
Program service revenue$125K · 33%
Investment income$10K · 3%
Contributions & grants65%$249K
Program service revenue33%$125K
Investment income3%$10K
— government grantsLn 1e$41K
Total revenueLn 12$383K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.23 Fundraising $0.02
Program services76%$291K
Management & general23%$88K
Fundraising2%$6K
Total functional expensesLn 25$384K

Balance Sheet

Part X · end of year
CashLn 1$45K
Total assetsLn 16$276K
Total liabilitiesLn 26$69K
Total net assetsLn 32$208K
Months of cash on handcomputed1.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $152K · Operating expenses/yr $384K
4.7 months
Where the money goes
Program services
Program services $291K · Total expenses $384K
76%
Management & General
Management & general $88K · Total expenses $384K
23%
Fundraising
Fundraising $6K · Total expenses $384K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $238K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $249K · Total revenue $383K
65%
Government reliance
Government grants $41K · Total revenue $383K
11%
Earned-income share
Program service revenue $125K · Total revenue $383K
33%
Investment reliance
Investment income $10K · Total revenue $383K
+3%
Program self-sufficiency
Program service revenue $125K · Total expenses $384K
33%
Growth & trend
Revenue growth (YoY)
This year $383K · Prior year $418K
-8%
Revenue CAGR
FY2020 $235K · FY2024 $383K
+13%
Net-asset trend (YoY)
End of year $208K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $383K · Expenses $384K
-0.5%
Liabilities-to-Assets
Total liabilities — · Total assets $276K
Net-asset ratio
Net assets $208K · Total assets $276K
75%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $107K · Total assets (Pt X, ln 16) $276K
39%
People & payroll
Highest Reported Total Compensation
Individual Brooke Burleson · Reported title EXECUTIVE DI · Highest reported compensation $0 · Total expenses $384K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $40K · Total expenses $384K
10%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 23%
Fundraising cost ratio 2%
Revenue growth -8%
Investment management fee ratio 0.2%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$11K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$383K revenue · viewing · ⤓ 990 PDF
FY2024$418K revenue · ⤓ 990 PDF
FY2023$399K revenue · ⤓ 990 PDF
FY2022$362K revenue · ⤓ 990 PDF
FY2021$235K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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