Salisbury Symphony INC FY2024 filing

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To educate, entertain, inspire, engage and enrich our community through orchestral music and other musical performances of the highest quality

501(c)(3) charity; gifts are tax-deductible.
48¢ of each $1 spent went to programs.
$55K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $76K a year · 17% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
48%
of spending
Concern: 48% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$55K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
8 mo
of spending, in cash
Looks good: 8.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $384K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$107K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$771K
+105% vs prior year
Spent
$936K
To programs
48%
Net assets
$607K
By yearFY2021–FY2025
Revenue
$771K
FY2024▲ +105%
Tap a bar for its year
Revenue by fiscal year
FY2021$362K
FY2022$206K
FY2023$376K
FY2024$771K
FY2025$579K
Expenses
$936K
FY2024▲ +86%
Tap a bar for its year
Expenses by fiscal year
FY2021$194K
FY2022$367K
FY2023$503K
FY2024$936K
FY2025$672K
Net assets
$607K
FY2024▼ -22%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.1M
FY2022$903K
FY2023$776K
FY2024$607K
FY2025$514K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1974.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

48 cents of each dollar spent went to programs.

Program services 48% · $447K Management & general 52% · $489K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

20 people listed on the 990; $55K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$55,000Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

William M Bucher’s $34K as Interim Exec Director is at the 29th percentile of top reported officer pay among 2215 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Hunter Safrit$20,000$55,000$40,000$40,000$40,000
William M Bucher$34,091————
Peter Ferretti$5,625————

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.

See Salisbury Symphony INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Presents high-quality orchestral and musical performances to educate, entertain, and enrich the community.

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1 program · $447K · in their own filed words · FY2023
01

Symphony orchestra concerts, other community events and musiceducation for school children.

$447Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 4 funders$384K
See all 4 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$771K
Ln 12
Other incomeLn 4–11$321K
Fees for servicesLn 2g$279K
Gifts and grantsLn 1h$105K
Money outPt IX
$936K
Ln 25
Programscol B$447K
Managementcol C$489K
Owns and owesPt X
$607K
net assets · Ln 32
Cash and savingsLn 1–2$630K
Total assetsLn 16$715K
LiabilitiesLn 26$107K
PeoplePt VI, VII
20
listed · VII A
PaidVII A1
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$105K
Government grantsLn 1e$39K
Fees for servicesLn 2g$279K
Investment incomeLn 3$66K
Other incomeLn 4–11$321K
Total revenueLn 12$771K
Assets in detailPt X, end of year
CashLn 1$112K
SavingsLn 2$518K
Cash and savings togetherLn 1–2$630K
Total assetsLn 16$715K
LiabilitiesLn 26$107K
Net assetsLn 32$607K
OperationsPt I, VI
EmployeesI 52
VolunteersI 6300
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$769K$630K
Total assetsLn 16$773K$715K
LiabilitiesLn 26−$3K$107K
Net assetsLn 32$776K$607K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$92K$18K$74K
Other employee benefitsLn 9$3K$3K
Payroll taxesLn 10$8K$1K$7K
Accounting feesLn 11c$6K$6K
Investment management feesLn 11f$6K$6K
Other fees for servicesLn 11g$274K$274K
Advertising and promotionLn 12$19K$19K
Office expensesLn 13$11K$11K
OccupancyLn 16$13K$13K
TravelLn 17$4K$4K
InterestLn 20$742$742
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$137K$130K$6K
All other expensesLn 24e$359K$359K
Total functional expensesLn 25$936K$447K$489K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Nov 14, 2025 $579K$672K−$93K$514K 990 PDF
FY2024 ViewingFiled with the IRS Feb 8, 2025 $771K$936K−$165K$607K 990 PDF
FY2023Filed with the IRS Feb 16, 2024 $376K$503K−$127K$776K 990 PDF
FY2022Filed with the IRS Dec 9, 2022 $206K$367K−$161K$903K 990 PDF
FY2021Filed with the IRS Nov 15, 2021 $362K$194K$168K$1.1M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $770,518 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $212,461$104,898
I-9 Program service revenuePrior year $134,720$278,978
I-10 Investment incomePrior year $13,606$65,966
I-11 Other revenuePrior year $15,294$320,676
I-12 Total revenuePrior year $376,081$770,518
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $96,337$102,884
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $406,449$833,051
I-18 Total expensesPrior year $502,786$935,935
I-19 Revenue less expensesPrior year −$126,705−$165,417
Part VI · Governance 20 of 20 board members independent, 1 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $770,518 across 8 lines filed
VIII-1e Government grants$38,938
VIII-1f All other contributions, gifts and grants$65,960
VIII-1h Total contributions, gifts and grants$104,898
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $278,978$278,978
VIII-3 Investment incomeExcluded from tax $65,966$65,966
VIII-8 Net income from fundraising eventsExcluded from tax $6,484$6,484
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $314,192$314,192
VIII-12 Total revenueRelated to mission $593,170 · Unrelated business $0 · Excluded from tax $72,450$770,518
Part IX · Statement of functional expenses $935,935 across 14 lines filed
IX-7 Other salaries and wagesPrograms $18,000 · Management $73,750$91,750
IX-9 Other employee benefitsManagement $3,219$3,219
IX-10 Payroll taxesPrograms $1,377 · Management $6,538$7,915
IX-11c Accounting feesManagement $5,750$5,750
IX-11f Investment management feesManagement $5,877$5,877
IX-11g Other fees for servicesPrograms $273,937$273,937
IX-12 Advertising and promotionPrograms $18,571$18,571
IX-13 Office expensesManagement $11,202$11,202
IX-16 OccupancyManagement $12,784$12,784
IX-17 TravelManagement $3,595$3,595
IX-20 InterestManagement $742$742
IX-23 InsurancePrograms $5,169$5,169
IX-24 Other expenses (24a–d)Programs $130,322 · Management $6,364$136,686
IX-24e All other expensesManagement $358,738$358,738
IX-25 Total functional expensesPrograms $447,376 · Management $488,559 · Fundraising $0$935,935
Part X · Balance sheet $714,600 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,007$112,053
X-2 Savings and temporary cash investmentsStart of year $768,356$518,251
X-4 Accounts receivableStart of year $1,708$83,346
X-9 Prepaid expenses and deferred chargesStart of year $1,950$950
X-16 Total assetsStart of year $773,021$714,600
X-17 Accounts payable and accrued expensesStart of year −$5,458$94,983
X-19 Deferred revenueStart of year $2,500$12,497
X-26 Total liabilitiesStart of year −$2,958$107,480
X-27 Net assets without donor restrictionsStart of year −$91,857$29,439
X-28 Net assets with donor restrictionsStart of year $867,836$577,681
X-32 Total net assets or fund balancesStart of year $775,979$607,120
X-33 Total liabilities and net assetsStart of year $773,021$714,600
Part XI · Reconciliation of net assets $607,120 net assets at year end
XI-1 Total revenue$770,518
XI-2 Total expenses$935,935
XI-3 Revenue less expenses−$165,417
XI-4 Net assets at start of year$775,979
XI-8 Prior period adjustments−$3,442
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$607,120

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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