02 Oct Finances
At the Mid-Columbia Symphony Society annual meeting in August, the 2020-2021 budget was approved with a fundraising goal of $100,000. During normal times, when we perform five live concerts, the budget outlay is around $250,000. In addition to paying the service fees of the orchestra musicians and the cost of rental music, there are substantial costs incurred just to keep our non-profit organization running. These include the salaries of Dr. Nicholas Wallin, Youth symphony director Ms. Adrienne Shields, and Operations manager, Kristy Sandidge-Fargher. Additionally, there are the costs of state and federal taxes, unemployment and liability insurance, and the costs of renting the MCS office in the MacHunter building, copier rental, membership fees, licensing fees, internet fees, storage fees, etc. For the past month, these costs amounted to about $10,000.
So, the fundraising goal of $100,000 will pay just for 10 months of maintaining the symphony’s non-profit status. This will allow the resumption of producing live classical music when Covid-19 restrictions are removed.