Civic Intelligence

Asheville Symphony Society Inc

EIN 56-6060772 • 501(c)3 • Asheville, NC

View Organization Page

Profile

The Asheville Symphony Orchestra performs and promotes symphonic music for the

27 College PlaceAsheville, NC 28801-2784

www.ashevilesymphony.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

75th percentile

0.25x

Higher debt load relative to assets than 75% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

71st percentile

0.28x

Higher debt load relative to revenue than 71% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Source year 2025

Net Margin

60th percentile

12%

Higher net margin than 60% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

86th percentile

$152,753

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

NTEE A • $1M-$5M nonprofits • Source year 2025

Asset Growth

75th percentile

17%

Faster asset growth than 75% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

64th percentile

23%

Faster revenue growth than 64% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$4,002,217

Up $572,066 (+17%) from 2024

Liabilities

Up

$1,001,746

Up $54,399 (+5.7%) from 2024

Net Assets

Up

$3,000,471

Up $517,667 (+21%) from 2024

Operations
Liabilities / Revenue71st percentileNet Margin60th percentile

Revenue

Up

$3,611,228

Up $685,756 (+23%) from 2024

Expenses

Up

$3,185,239

Up $425,494 (+15%) from 2024

Net Income

Up

$425,989

Up $260,262 (+157%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth75th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $896,302Liabilities 2011: $360,787Net Assets 2011: $535,5152011Assets 2012: $808,021Liabilities 2012: $359,136Net Assets 2012: $448,8852012Assets 2013: $855,359Liabilities 2013: $447,295Net Assets 2013: $408,0642013Assets 2014: $1,730,048Liabilities 2014: $658,209Net Assets 2014: $1,071,8392014Assets 2015: $1,139,881Liabilities 2015: $455,176Net Assets 2015: $684,7052015Assets 2016: $1,736,158Liabilities 2016: $704,605Net Assets 2016: $1,031,5532016Assets 2017: $1,352,765Liabilities 2017: $224,067Net Assets 2017: $1,128,6982017Assets 2018: $1,754,992Liabilities 2018: $426,204Net Assets 2018: $1,328,7882018Assets 2019: $1,764,044Liabilities 2019: $441,716Net Assets 2019: $1,322,3282019Assets 2020: $1,570,085Liabilities 2020: $426,898Net Assets 2020: $1,143,1872020Assets 2021: $1,814,392Liabilities 2021: $555,056Net Assets 2021: $1,259,3362021Assets 2022: $2,231,484Liabilities 2022: $439,796Net Assets 2022: $1,791,6882022Assets 2023: $3,063,952Liabilities 2023: $861,804Net Assets 2023: $2,202,1482023Assets 2024: $3,430,151Liabilities 2024: $947,347Net Assets 2024: $2,482,8042024Assets 2025: $4,002,217Liabilities 2025: $1,001,746Net Assets 2025: $3,000,4712025

Highlighted filing

2025

Assets$4,002,217
Liabilities$1,001,746
Net Assets$3,000,471
Open 2025 Filing

Operations Trend

Revenue Growth64th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,081,541Expenses 2011: $1,164,513Net Income 2011: -$82,9722011Expenses 2012: $1,165,8642012Expenses 2013: $1,270,8792013Revenue 2014: $2,006,582Expenses 2014: $1,391,904Net Income 2014: $614,6782014Revenue 2015: $1,881,017Expenses 2015: $1,964,908Net Income 2015: -$83,8912015Revenue 2016: $1,960,790Expenses 2016: $1,619,819Net Income 2016: $340,9712016Revenue 2017: $1,819,116Expenses 2017: $2,057,113Net Income 2017: -$237,9972017Revenue 2018: $1,994,483Expenses 2018: $1,853,311Net Income 2018: $141,1722018Revenue 2019: $2,256,078Expenses 2019: $2,292,621Net Income 2019: -$36,5432019Revenue 2020: $1,528,451Expenses 2020: $1,706,413Net Income 2020: -$177,9622020Revenue 2021: $759,124Expenses 2021: $855,259Net Income 2021: -$96,1352021Revenue 2022: $2,644,010Expenses 2022: $1,928,673Net Income 2022: $715,3372022Revenue 2023: $2,777,217Expenses 2023: $2,441,007Net Income 2023: $336,2102023Revenue 2024: $2,925,472Expenses 2024: $2,759,745Net Income 2024: $165,7272024Revenue 2025: $3,611,228Expenses 2025: $3,185,239Net Income 2025: $425,9892025

Highlighted filing

2025

Revenue$3,611,228
Expenses$3,185,239
Net Income$425,989
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,002,217
Liabilities
$1,001,746
Net assets
$3,000,471
Revenue
$3,611,228
Expenses
$3,185,239
Net income
$425,989
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.00$1.00$3.00$3.61$3.19$0.43
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.43$0.95$2.48$2.93$2.76$0.17
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.06$0.86$2.20$2.78$2.44$0.34
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$0.44$1.79$2.64$1.93$0.72
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.81$0.56$1.26$0.76$0.86$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.57$0.43$1.14$1.53$1.71$0.18
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.76$0.44$1.32$2.26$2.29$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.75$0.43$1.33$1.99$1.85$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$0.22$1.13$1.82$2.06$0.24
2016Detailed filing. Detailed filing data is available for this year.$1.74$0.70$1.03$1.96$1.62$0.34
2015Detailed filing. Detailed filing data is available for this year.$1.14$0.46$0.68$1.88$1.96$0.08
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.73$0.66$1.07$2.01$1.39$0.61
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.45$0.41$1.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.36$0.45$1.17
2011Summary only. Only limited summary data is available for this year.$0.90$0.36$0.54$1.08$1.16$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 20, 2026
Return Version
2024v5.2
Gross Receipts
$3,927,922
Mission and Program Overview

Mission

The Asheville Symphony Orchestra performs and promotes symphonic music for the benefit, enjoyment and education of the people of Western North Carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$303,137$535,505▲ $232,368
Cash and Non-Interest-Bearing Accounts$247,766$362,850▲ $115,084
Investments in Publicly Traded Securities$329,646$345,239▲ $15,593
Pledges and Grants Receivable$588,492$111,303▼ $477,189
Land, Buildings, and Equipment, Net$70,061$59,618▼ $10,443
Accounts Receivable$12,566$14,193▲ $1,627
Prepaid Expenses and Deferred Charges$11,437$13,109▲ $1,672
Total Assets$3,430,151$4,002,217▲ $572,066
Other Assets Total$1,867,046$2,560,400▲ $693,354
Liabilities
Deferred Revenue$522,713$574,758▲ $52,045
Accounts Payable and Accrued Expenses$145,801$216,203▲ $70,402
Other Liabilities$278,833$210,785▼ $68,048
Total Liabilities$947,347$1,001,746▲ $54,399
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,063,899$2,558,443▲ $494,544
Net Assets With Donor Restrictions$418,905$442,028▲ $23,123
Total Net Assets Fund Balance$2,482,804$3,000,471▲ $517,667
Total Liabilities and Net Assets / Fund Balance$3,430,151$4,002,217▲ $572,066

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$48,291$194,528$242,819
Leasehold Improvements$11,327$119,310$130,637
Land$0--
Other Assets Org$205,369--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,588,482$570,350▲ $223,063$18,340$2,346,744
2023$1,485,008$53,595▲ $150,993$88,670$1,588,482
2022$1,284,724$154,106▲ $105,530$48,000$1,485,008
2021$1,190,463$300,000▼ $148,125$47,090$1,284,724
2020$1,002,391-▲ $243,398$47,070$1,190,463
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel CrupiExecutive DirectorFT$142,140$10,613$152,753
Daniel Crupi--$142,140$10,613$152,753

Board Members and Trustees

NameTitle
Michael AndryPast President
Sue LutherPresident
Adarrell GadsdenPresident Elect
Bolling FarmerDirector
Carol McCollumDirector
Clifford AlbertsonDirector
Cristian RubianoDirector
David WorleyDirector
Debra GreenDirector
Fred F Groce JrDirector
George DambachDirector
Jayne SchnaarsDirector
Jeffrey OwenDirector
Jim ThompsonDirector
John Jack R AndersonDirector
John P Cuellar III MDDirector
John W EllisDirector
Kevin PasarillaDirector
Mary KirbyDirector
Olivia ZahlerDirector
Pam Lowe-HoyteDirector
Patrick O'CainDirector
Rachel SossomanDirector
Richard SchafferDirector
Sarah Van GuntenDirector
Scott GreggDirector
Sean ComeauxDirector
Susan Harrington ButtsDirector
Thomas Tom C BoltonDirector
William Bill GettysDirector
Sallie BroachSecretary
G Edward TowsonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Butorac LLCConductor/Music Director515 E Park Ave, Tallahassee, FL 32301$143,125
Revenue and Support

Revenue Composition

Contributions and Grants
$1,981,640
Program Service Revenue
$1,218,182
Investment Income
$146,679
Other Revenue
$264,727
All Other Contributions
$1,794,412
Change in Net Assets
$425,989

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded6$47,983Stock Market Value
Total Noncash Contributions6$47,983-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,594,417
Revenue Not Reported on Financial Statements
$16,811
Revenue Not Reported on Form 990
$186,033
Total Revenue per Audited Statements
$3,780,450
Total Revenue per Form 990
$3,611,228
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,620,803
Salaries, Compensation, and Employee Benefits$1,556,889
Total Fundraising Expense$451,229
Grants and Similar Amounts Paid$7,547
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$812,044$230,052$190,617$1,232,713
Fees for Services Other$373,137$5,777$9,190$388,104
Occupancy$217,703$26,252$21,752$265,707
Advertising$108,929$54,215$18,072$181,216
Current Officers, Directors, Trustees, and Key Employees$57,394$55,800$46,234$159,428
Payroll Taxes$62,672$22,437$18,591$103,700
Office Expenses$24,999$34,286$33,379$92,664
Fees for Services Legal$4,083$79,001$3,289$86,373
Travel$62,528$3,215$2,664$68,407
Other Employee Benefits$18,209$17,703$14,668$50,580
Other Expenses$0$0$49,890$49,890
All Other Expenses$14,501$14,097$11,681$40,279
Information Technology$9,961$9,685$19,335$38,981
Fees for Services Accounting$0$28,130$0$28,130
Insurance$7,169$6,969$5,776$19,914
Fees for Service Investment Mgmnt Fees$0$16,811$0$16,811
Depreciation Depletion$3,056$9,167$3,055$15,278
Pension Plan Contributions$3,768$3,664$3,036$10,468
Conferences and Meetings$0$9,489$0$9,489
Grants to Domestic Orgs$7,547--$7,547
Total Functional Expenses$2,107,260$626,750$451,229$3,185,239

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,262,783
Total Expenses per Form 990$3,185,239
Expenses per Audited Statements$3,168,428
Expenses Not Reported on Form 990$94,355
Expenses Not Reported on Financial Statements$16,811
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Beloved AshevilleAsheville, NC501c3Hurricane assistance$7,547
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$416,131
Gaming Direct Expenses$228,040
Fundraising Gross Income$97,051
Fundraising Direct Expenses$88,654
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$180,791$97,051$18,934$78,117
Total Events$180,791$97,051$88,654$8,397
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$210,785
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Asheville Symphony Society Inc
EIN
56-6060772
Phone
8282547046
Address
27 College Place, Asheville, NC 28801-2784
Doing Business As
Asheville Symphony Orchestra

Signing Officer

Name
G Edward Towson
Title
Treasurer
Phone
8282547046
Signed
2026-03-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
G Edward Towson
Formed
1961
Legal Domicile
Nc
Voting Board Members
30
Independent Board Members
30
Employees
192
Volunteers
300

Preparer

Firm
Corliss & Solomon Pllc
Address
242 CHARLOTTE ST SUITE 1, ASHEVILLE, NC 28801
Preparer
Todd Oldenburg
Phone
8282360206
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The Form 990 is prepared by independent accountants and reviewed by the board treasurer.”

Pt VI, Line 12C

“All Directors are required to disclose potential conflicts of interest in writing to the Board of Directors as soon as he or she is aware of potential conflict. The Board of Directors, in the absence of the interested director, deliberates and votes to accept or deny the proposed transaction giving rise to the conflict.”

Pt VI, Line 15A

“The salary of the Executive Director is approved by the Executive Committee of the Board of Directors using comparability data of a similar position in a similar organization as well as performance indicators.”

Pt VI, Line 19

“The Society provides its governing documents, conflict of interest policy and financial statements to the general public upon request.”

Pt VI, Line 6

“Any individual who donates $100 or more is a member of the Asheville Symphony Society, Inc.”

Pt VI, Line 7A

“The nominating committee of the board of directors presents a slate of board members to the Society members at the annual meeting.”

Form 990, Part IX, Line 11G

“Professional Fees 14967. 0. 5777. 9190.”

Form 990, Part IX, Line 11G

“Contracted Artists 373137. 373137.”

Financial Statement Notes

Pt V, Line 4

“The purpose of the endowment funds is to provide investment earnings to benefit the Societys operations.”

Pt X, Line 2

“The organization is exempt from federal income taxes under 501(c)(3) of the Internal Revenue Code. Under the Code, however, income from certain activities not related to the organizations tax-exempt purpose may be subject to taxation as unrelated business income. The organization believes that it has appropriate support for all tax positions taken on its 2024-25 Exempt Organization Business Income Tax Return (Form 990-T), and as such, does not have any uncertain tax positions that are material to the financial statements.”

Pt XI, Line 2D

“Fundraising Expenses.”

Pt XII, Line 2D

“Fundraising Expenses.”

Raw XML AppendixShowing 400 of 860 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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