GREATER AKRON MUSICAL ASSOCIATION INC Charity Report

Public IRS 990 nonprofit record

GREATER AKRON MUSICAL ASSOCIATION INC

EIN 34-6003828 · Arts, Culture & Humanities (A690)

What they do

The Akron Symphony Enriches The Lives of Audiences, Musicians, and Our Community Through Exceptional Symphonic Music, and Meaningful, Collaborative, and Educational Programming That Welcomes, Connects, and Engages A Broad and Diverse Regional Community.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $78.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders26 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

81.78%of revenue went to mission work78.0% of expenses · Program services

7.98%of revenue went to fundraising7.6% of expenses

$104.90spent for every $100 of revenueSpending was higher than revenue this year.

15.14%of revenue went to management and office costs14.4% of expenses

$0.14in assets for every $1 spent this yearSome assets cannot be spent right away.

81.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $91,301 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $88,273 for PAUL JARRETT (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,863,436

Mission workProgram services$1,523,87481.78% of revenue78.0% of expenses

ManagementOffice and general costs$282,16915.14% of revenue14.4% of expenses

FundraisingAsking for donations$148,6947.98% of revenue7.6% of expenses

Total expenses$1,954,737104.90% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 78.0% mission · 14.4% management · 7.6% fundraisingTotal expenses: 104.90% of revenue

2023Expense mix: 78.4% mission · 11.5% management · 10.1% fundraisingTotal expenses: 105.36% of revenue

2022Expense mix: 77.6% mission · 14.4% management · 8.0% fundraisingTotal expenses: 93.91% of revenue

2021Expense mix: 75.0% mission · 16.2% management · 8.8% fundraisingTotal expenses: 79.36% of revenue

2020Expense mix: 67.5% mission · 23.8% management · 8.7% fundraisingTotal expenses: 90.16% of revenue

2019Expense mix: 81.3% mission · 11.1% management · 7.6% fundraisingTotal expenses: 100.92% of revenue

2018Expense mix: 83.7% mission · 10.6% management · 5.7% fundraisingTotal expenses: 100.72% of revenue

2017Expense mix: 81.4% mission · 13.5% management · 5.2% fundraisingTotal expenses: 99.34% of revenue

Money in and money out

Revenue$1,863,436

Expenses$1,954,737

Annual shortfall $91,301 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,523,874 · 78.0% of expenses

Management and office costs$282,169 · 14.4% of expenses

Fundraising$148,694 · 7.6% of expenses

See all reported dollar amounts

Revenue$1,863,436

Expenses$1,954,737

Assets$282,087

Income$1,925,792

Contributions$1,513,327

Mission work (program services)$1,523,874

Fundraising$148,694

Management and general$282,169

Stocks and bonds$247,672

Accounting fees$22,325

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

PAUL JARRETTEXECUTIVE DIRECTOR · 40 hrs/week $88,273Base $80,161 · Other $8,112

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (26)

PAUL JARRETTEXECUTIVE DIRECTOR

KITTIE CLARKETRUSTEE

TOM KNAUERTRUSTEE

TOM CROOKESPRESIDENT

THOMAS JEFFERSONDEI CHAIR

THOMAS HITETRUSTEE

THERESA PETIT-LERNERSECRETARY

STEVE SEDLOCKMARKETING CHAIR

ROULA BAILEYTRUSTEE

PATRICIA NILSESTUENCO-CHAIR

MICHAEL SFERROTRUSTEE

MARTHA BANKSTRUSTEE

LIA JONESDEVELOPMENT CHAIR

ADAM LINTZTRUSTEE

JOHNNETTE CURRYTRUSTEE

JEANA SINGLETONTRUSTEE

JACK KEHRLITRUSTEE

HEATHER HAHNTRUSTEE

GERALDINE WOJNO KIEFERTRUSTEE

GEORGE ROSINTRUSTEE

ELIZABETH SARACENOTRUSTEE

EDA VALENTINTRUSTEE

BONNIE PANLASIGUIEDUCATION CHAIR

ANDREW ZIEGLERFINANCE CHAIR

ANDREW LEASKTRUSTEE

ALEX QUAYVICE PRESIDENT

About this charity

Recognized since: January 1964
Location: 92 N MAIN ST, AKRON, OH 44308-1932
County: Summit
In care of: % PAUL JARRETT
Primary officer: Paul Jarrett, Executive Director

How to reach them

WebsiteVisit the charity’s website Emailasoconnect@akronsymphony.org Phone(330) 535-8131

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: 415 GROUP INC
NTEE classification: Arts, Culture & Humanities (A690)