Odessa Symphony Guild

Odessa, TX · Public charity (501(c)(3)) · Since 1958 · Arts & Culture

✓ Tax-deductible
Revenue
$140K
+10% vs prior year
Spent
$102K
To programs
100%
Net assets
$321K
By yearFY2020–FY2024
Revenue
$140K
FY2024▲ +10%
Revenue by fiscal year
FY2020$69K
FY2021$58K
FY2022$71K
FY2023$134K
FY2024$127K
FY2024$140K
Expenses
$102K
FY2024▲ +273%
Expenses by fiscal year
FY2020Not on file
FY2021$42K
FY2022$49K
FY2023$48K
FY2024$27K
FY2024$102K
Net assets
$321K
FY2024▲ +13%
Net assets by fiscal year
FY2020$62K
FY2021$78K
FY2022$99K
FY2023$185K
FY2024$284K
FY2024$321K

From the FY2024 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
Yes — exemption reinstated (2013-11-15)
Per the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item COdessa Symphony Guild
EINHdr · item D27-2956889
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFOct 2015
Year of formationHdr · item L1958
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item COdessa, TX
NTEE classificationIRS BMFArts & Culture (A68)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$102K
Total functional expensesLn 25$102K

Financial health

Is it on solid ground?

Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
33.6mo
months of highly liquid reserves at operating expense rate▼ -68% vs prior filing year
Surplus margin
+27%
revenue over expenses, this year▼ -66% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$321K
FY2024▲ +13%
Total assets by fiscal year
FY2020Not on file
FY2021$78K
FY2022$99K
FY2023$185K
FY2024$284K
FY2024$321K
Total liabilities
$0
FY2024
Total liabilities by fiscal year
FY2020Not on file
FY2021$0
FY2022$0
FY2023$0
FY2024$0
FY2024$0
Revenue less expensesPt I · Ln 19$37K
Total assetsPt X · Ln 16$321K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$286K
Total assetsLn 16$321K
Total liabilitiesLn 26$0
Total net assetsLn 32$321K
Months of cash on handcomputed33.6

Statement of Revenue

Part VIII
Other revenue$94K · 68%
Contributions & grants$45K · 32%
Other revenue68%$94K
Contributions & grants32%$45K
Total revenueLn 12$140K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $286K · Operating expenses/yr $102K
33.6 months
Where the money goes
Program services
Program services $102K · Total expenses $102K
100%
Management & General
Management & general $0 · Total expenses $102K
0%
Fundraising
Fundraising $0 · Total expenses $102K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $43K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $45K · Total revenue $140K
32%
Government reliance
Government grants — · Total revenue $140K
—
Earned-income share
Program service revenue $0 · Total revenue $140K
0%
Investment reliance
Investment income $0 · Total revenue $140K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $102K
0%
Growth & trend
Revenue growth (YoY)
This year $140K · Prior year $127K
+10%
Revenue CAGR
FY2019 $69K · FY2024 $140K
+15%
Net-asset trend (YoY)
End of year $321K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $140K · Expenses $102K
+27%
Liabilities-to-Assets
Total liabilities — · Total assets $321K
—
Net-asset ratio
Net assets $321K · Total assets $321K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $321K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Stephanie Wright · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $102K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $102K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%——
Revenue growth 10%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Project VP
$0Pt VII · Sec A
President Elect
$0Pt VII · Sec A
Recording Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Corresponding Secretary
$0Pt VII · Sec A
Parliamentarian
$0Pt VII · Sec A
Membership VP
$0Pt VII · Sec A
See Odessa Symphony Guild executive salaries →

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Governance & Policies

Part VI
  • 8Voting board membersPt VI · Ln 1a
  • 8Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Offers community education and financial aid to the Midland Odessa Symphony & Chorale.

Provided by the organization

This section is blank until Odessa Symphony Guild claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $102K of program spending, described in the organization's own filed words · FY2024.
01

Belles and beaux ball was held and money raised was given to mosc.

$102Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$10K
Grants paid · 4 grants · $168K · 2020–2024

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $127K$27K-6% 990 PDF
FY2023 $134K$48K+90% 990 PDF
FY2022 $71K$49K+23% 990 PDF
FY2021 $58K$42K-16% 990 PDF
FY2020 $69K— 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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