Civic Intelligence

Golden Tones Inc.

990EZ • Fiscal year 2013 • EIN 04-3274268

Jan 01, 2013 to Dec 31, 2013 • Filed on Oct 06, 2014

41 Cochituate RoadNatick, MA 01778

(508) 318-6318

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Net Margin

57th percentile

5.8%

Higher net margin than 57% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Top Officer Pay

94th percentile

$55,599

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 58.6% of source-year revenue.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

69th percentile

16%

Faster asset growth than 69% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

35th percentile

-7.7%

Faster revenue growth than 35% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Assets

Up

$408,614

Up $57,237 (+16%) from 2012

Net Assets

Up

$408,614

Up $57,237 (+16%) from 2012

Liabilities

Flat

$0

Flat from 2012

Revenue

Down

$94,832

Down $7,966 (-7.7%) from 2012

Expenses

Up

$89,369

Up $964 (+1.1%) from 2012

Net Income

Down

$5,463

Down $8,930 (-62%) from 2012

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2010: $304,349Liabilities 2010: $0Net Assets 2010: $304,3492010Assets 2011: $313,450Liabilities 2011: $0Net Assets 2011: $313,4502011Assets 2012: $351,377Liabilities 2012: $0Net Assets 2012: $351,3772012Assets 2013: $408,614Liabilities 2013: $0Net Assets 2013: $408,6142013Assets 2014: $436,910Liabilities 2014: $0Net Assets 2014: $436,9102014Assets 2015: $439,052Liabilities 2015: $0Net Assets 2015: $439,0522015Assets 2016: $472,773Liabilities 2016: $0Net Assets 2016: $472,7732016Assets 2017: $528,932Liabilities 2017: $0Net Assets 2017: $528,9322017Assets 2018: $488,812Liabilities 2018: $0Net Assets 2018: $488,8122018Assets 2019: $679,140Liabilities 2019: $0Net Assets 2019: $679,1402019Assets 2020: $766,568Liabilities 2020: $0Net Assets 2020: $766,5682020Assets 2021: $913,184Liabilities 2021: $0Net Assets 2021: $913,1842021Assets 2022: $737,886Liabilities 2022: $0Net Assets 2022: $737,8862022Assets 2023: $866,756Liabilities 2023: $0Net Assets 2023: $866,7562023Assets 2024: $997,638Liabilities 2024: $0Net Assets 2024: $997,6382024

Highlighted filing

2013

Assets$408,614
Liabilities$0
Net Assets$408,614

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2010: $72,422Expenses 2010: $79,098Net Income 2010: -$6,6762010Revenue 2011: $83,726Expenses 2011: $77,215Net Income 2011: $6,5112011Revenue 2012: $102,798Expenses 2012: $88,405Net Income 2012: $14,3932012Revenue 2013: $94,832Expenses 2013: $89,369Net Income 2013: $5,4632013Revenue 2014: $82,771Expenses 2014: $87,456Net Income 2014: -$4,6852014Revenue 2015: $94,049Expenses 2015: $87,579Net Income 2015: $6,4702015Revenue 2016: $99,956Expenses 2016: $94,023Net Income 2016: $5,9332016Revenue 2017: $86,135Expenses 2017: $90,818Net Income 2017: -$4,6832017Revenue 2018: $95,618Expenses 2018: $92,943Net Income 2018: $2,6752018Revenue 2019: $168,749Expenses 2019: $94,982Net Income 2019: $73,7672019Revenue 2020: $101,101Expenses 2020: $94,553Net Income 2020: $6,5482020Revenue 2021: $89,528Expenses 2021: $98,081Net Income 2021: -$8,5532021Revenue 2022: $88,118Expenses 2022: $103,274Net Income 2022: -$15,1562022Revenue 2023: $113,303Expenses 2023: $112,697Net Income 2023: $6062023Revenue 2024: $125,163Expenses 2024: $119,237Net Income 2024: $5,9262024

Highlighted filing

2013

Revenue$94,832
Expenses$89,369
Net Income$5,463
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Oct 6, 2014
Return Version
2013v3.0
Gross Receipts
$144,618
Mission and Program Overview

Mission

The mission of golden tones chorus is to practice and provide enriching entertainment for senior citizen facilities, schools, faith communities and public events. Members are men and women of retirement age who sing and dance to lift spirits, have fun, and promote health and social engagement to benefit our audiences and ourselves.

Program Services

DescriptionGrantsExpenses
THE CHORUS, WHICH INCLUDES APPROX. 60 SINGING MEMBERS AND APPROX. 13 NON-SINGING MEMBERS, HOLDS APPROX. 46 REHEARSALS AND CONDUCTS APPROX. 44 PERFORMANCES ANNUALLY.$0$50,633
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DEBORAH MARIONExecutive DirectorFT$50,400$5,199$55,599
HELEN BRODYPresidentPT$0--
BARBARA SUTHERLANDClerkPT$0--
FRED MCDOUGALLTreasurerPT$0--
JUDITH L HUBERBoard MemberPT$0--
ROBERT SUTHERLANDBoard MemberPT$0--
BOB MOSHERVice PresidentPT$0--
CHAUNCY PERRYBoard MemberPT$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$30,287$8,600$9,478$-878
Total Events$30,287$8,600$9,478$-878
Filing and Contact Details

Filer

EIN
04-3274268
Phone
5083186318

Signing Officer

Name
Fred Mcdougall
Title
President
Phone
5086530768
Signed
2014-10-06
Discuss with paid preparer
Yes

Preparer

Preparer
Richard D Tardiff
Phone
7814070300
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

Description: interest income. Amount: 110. Description: dividend income. Amount: 7,274. Total to form 990-ez, line 8: 7,384.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: accompanist. Amount: 8,135. Description: office expenses. Amount: 1,144. Description: payroll taxes. Amount: 4,049. Description: insurance. Amount: 2,432. Description: music expenses. Amount: 1,038. Description: computer expenses. Amount: 710. Description: payroll service charges. Amount: 1,403. Description: meeting & transportation. Amount: 731. Description: miscellaneous expenses. Amount: 2,349. Total to form 990-ez, line 16: 21,991.

Form 990-ez, Part I, Line 20 - Other Changes in Net Assets

Description: unrealized gain on investments. Amount: 51,774.

Form 990-ez, Part II, Line 24 - Other Assets

Description: fidelity investments. Beg. Of year amount: 295,843. End of year amount: 313,075.

FORM 990-EZ, PART V, LINE 34:

Updated and streamlined the by-laws. See below for the amended by-laws: amended and adopted january 29, 2013 bylaws of golden tones, inc article i - name as stated in the articles of incorporation article ii - mission as stated in the articles of incorporation article iii - governance all activities of golden tones, inc and its board of directors shall be governed by the laws of the land currently in force, these by-laws and robert's rules of order, with priority in the order here listed. Article iv - members section 1 any person who subscribes to the mission and policies of the golden tones, inc shall be eligible for membership. Section 2 admission to membership shall be granted by the board of directors. Removal from membership shall follow the same process. A member may resign at any time. Section 3 the annual budget shall be approved by the membership at the annual meeting upon recommendation by the board of directors. Section 4 revocation of membership shall be by the board of directors after determination of just cause. Article v - officers section 1 officers of the corporation shall be: president, vice president, secretary, and treasurer. Section 2 officers shall be elected by the membership at an annual meeting and shall serve for a term of two years and until a successor is elected. An officer, if reelected, may serve consecutive terms without limitation. Section 3 vacancies between annual meetings may be filled by appointment by the board of directors. Section 4 duties of all officers shall be those applicable to the office as prescribed by the parliamentary authority adopted as specified in these bylaws. Article vi - meetings section 1 there shall be an annual meeting of the membership at a date, time, and location determined by the board of directors. At least two weeks prior notification of the meeting shall be provided to the membership by the board and shall include the meeting agenda.

Raw XML Appendix210 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
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IRS990EZ/PrimaryExemptPurposeTxt0THE MISSION OF GOLDEN TONES CHORUS IS TO PRACTICE AND PROVIDE ENRICHING ENTERTAINMENT FOR SENIOR CITIZEN FACILITIES, SCHOOLS, FAITH COMMUNITIES AND PUBLIC EVENTS. MEMBERS ARE MEN AND WOMEN OF RETIREMENT AGE WHO SING AND DANCE TO LIFT SPIRITS, HAVE FUN, AND PROMOTE HEALTH AND SOCIAL ENGAGEMENT TO BENEFIT OUR AUDIENCES AND OURSELVES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 110. DESCRIPTION: DIVIDEND INCOME. AMOUNT: 7,274. TOTAL TO FORM 990-EZ, LINE 8: 7,384.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ACCOMPANIST. AMOUNT: 8,135. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 1,144. DESCRIPTION: PAYROLL TAXES. AMOUNT: 4,049. DESCRIPTION: INSURANCE. AMOUNT: 2,432. DESCRIPTION: MUSIC EXPENSES. AMOUNT: 1,038. DESCRIPTION: COMPUTER EXPENSES. AMOUNT: 710. DESCRIPTION: PAYROLL SERVICE CHARGES. AMOUNT: 1,403. DESCRIPTION: MEETING & TRANSPORTATION. AMOUNT: 731. DESCRIPTION: MISCELLANEOUS EXPENSES. AMOUNT: 2,349. TOTAL TO FORM 990-EZ, LINE 16: 21,991.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: UNREALIZED GAIN ON INVESTMENTS. AMOUNT: 51,774.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: FIDELITY INVESTMENTS. BEG. OF YEAR AMOUNT: 295,843. END OF YEAR AMOUNT: 313,075.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPDATED AND STREAMLINED THE BY-LAWS. SEE BELOW FOR THE AMENDED BY-LAWS: AMENDED AND ADOPTED JANUARY 29, 2013 BYLAWS OF GOLDEN TONES, INC ARTICLE I - NAME AS STATED IN THE ARTICLES OF INCORPORATION ARTICLE II - MISSION AS STATED IN THE ARTICLES OF INCORPORATION ARTICLE III - GOVERNANCE ALL ACTIVITIES OF GOLDEN TONES, INC AND ITS BOARD OF DIRECTORS SHALL BE GOVERNED BY THE LAWS OF THE LAND CURRENTLY IN FORCE, THESE BY-LAWS AND ROBERT'S RULES OF ORDER, WITH PRIORITY IN THE ORDER HERE LISTED. ARTICLE IV - MEMBERS SECTION 1 ANY PERSON WHO SUBSCRIBES TO THE MISSION AND POLICIES OF THE GOLDEN TONES, INC SHALL BE ELIGIBLE FOR MEMBERSHIP. SECTION 2 ADMISSION TO MEMBERSHIP SHALL BE GRANTED BY THE BOARD OF DIRECTORS. REMOVAL FROM MEMBERSHIP SHALL FOLLOW THE SAME PROCESS. A MEMBER MAY RESIGN AT ANY TIME. SECTION 3 THE ANNUAL BUDGET SHALL BE APPROVED BY THE MEMBERSHIP AT THE ANNUAL MEETING UPON RECOMMENDATION BY THE BOARD OF DIRECTORS. SECTION 4 REVOCATION OF MEMBERSHIP SHALL BE BY THE BOARD OF DIRECTORS AFTER DETERMINATION OF JUST CAUSE. ARTICLE V - OFFICERS SECTION 1 OFFICERS OF THE CORPORATION SHALL BE: PRESIDENT, VICE PRESIDENT, SECRETARY, AND TREASURER. SECTION 2 OFFICERS SHALL BE ELECTED BY THE MEMBERSHIP AT AN ANNUAL MEETING AND SHALL SERVE FOR A TERM OF TWO YEARS AND UNTIL A SUCCESSOR IS ELECTED. AN OFFICER, IF REELECTED, MAY SERVE CONSECUTIVE TERMS WITHOUT LIMITATION. SECTION 3 VACANCIES BETWEEN ANNUAL MEETINGS MAY BE FILLED BY APPOINTMENT BY THE BOARD OF DIRECTORS. SECTION 4 DUTIES OF ALL OFFICERS SHALL BE THOSE APPLICABLE TO THE OFFICE AS PRESCRIBED BY THE PARLIAMENTARY AUTHORITY ADOPTED AS SPECIFIED IN THESE BYLAWS. ARTICLE VI - MEETINGS SECTION 1 THERE SHALL BE AN ANNUAL MEETING OF THE MEMBERSHIP AT A DATE, TIME, AND LOCATION DETERMINED BY THE BOARD OF DIRECTORS. AT LEAST TWO WEEKS PRIOR NOTIFICATION OF THE MEETING SHALL BE PROVIDED TO THE MEMBERSHIP BY THE BOARD AND SHALL INCLUDE THE MEETING AGENDA.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART V, LINE 34:
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02015-11-30 17:44:51Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02014-10-06
ReturnHeader/Filer/BusinessName/BusinessNameLine10GOLDEN TONES INC
ReturnHeader/Filer/BusinessNameControlTxt0GOLD
ReturnHeader/Filer/EIN0043274268
ReturnHeader/Filer/PhoneNum05083186318
ReturnHeader/Filer/USAddress/AddressLine1041 COCHITUATE ROAD
ReturnHeader/Filer/USAddress/City0WAYLAND
ReturnHeader/Filer/USAddress/State0MA
ReturnHeader/Filer/USAddress/ZIPCode001778
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042088368
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10GRAY GRAY & GRAY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10150 ROYALL STREET SUITE 102
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0CANTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode002021
ReturnHeader/PreparerPersonGrp/PhoneNum07814070300
ReturnHeader/PreparerPersonGrp/PreparationDt02014-10-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD D TARDIFF
ReturnHeader/ReturnTs02014-10-20T14:15:28-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.98$0.00$9.98$1.25$1.19$0.06
2023Detailed filing. Detailed filing data is available for this year.$8.67$0.00$8.67$1.13$1.13$0.01
2022Detailed filing. Detailed filing data is available for this year.$7.38$0.00$7.38$0.88$1.03$0.15
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.13$0.00$9.13$0.90$0.98$0.09
2020Detailed filing. Detailed filing data is available for this year.$7.67$0.00$7.67$1.01$0.95$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.79$0.00$6.79$1.69$0.95$0.74
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.89$0.00$4.89$0.96$0.93$0.03
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.29$0.00$5.29$0.86$0.91$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.73$0.00$4.73$1.00$0.94$0.06
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.39$0.00$4.39$0.94$0.88$0.06
2014Detailed filing. Detailed filing data is available for this year.$4.37$0.00$4.37$0.83$0.87$0.05
2013Detailed filing. Detailed filing data is available for this year.$4.09$0.00$4.09$0.95$0.89$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.51$0.00$3.51$1.03$0.88$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.13$0.00$3.13$0.84$0.77$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.04$0.00$3.04$0.72$0.79$0.07