Civic Intelligence

Lexington Symphony Inc.

990 • Fiscal year 2022 • EIN 04-3301650

Jul 01, 2021 to Jun 30, 2022 • Filed on Oct 17, 2022

Organization Profilewww.lexingtonsymphony.org
PO Box 194Lexington, MA 02420-0002

(781) 523-9009

Siviq Scores

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

Liabilities / Assets

85th percentile

0.42x

Higher debt load relative to assets than 85% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

83rd percentile

0.37x

Higher debt load relative to revenue than 83% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

64th percentile

15%

Higher net margin than 64% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

70th percentile

$55,000

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

76th percentile

22%

Faster asset growth than 76% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

85th percentile

76%

Faster revenue growth than 85% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$486,157

Up $88,991 (+22%) from 2021

Net Assets

Up

$284,000

Up $79,273 (+39%) from 2021

Liabilities

Up

$202,157

Up $9,718 (+5.0%) from 2021

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin64th percentile

Revenue

Up

$552,152

Up $239,252 (+76%) from 2021

Expenses

Up

$468,371

Up $233,485 (+99%) from 2021

Net Income

Up

$83,781

Up $5,767 (+7.4%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$600K$400K$200K$0Assets 2011: $275,551Liabilities 2011: $1,276Net Assets 2011: $274,2752011Assets 2012: $203,894Liabilities 2012: $69,316Net Assets 2012: $134,5782012Assets 2013: $233,766Liabilities 2013: $89,974Net Assets 2013: $143,7922013Assets 2014: $254,346Liabilities 2014: $79,957Net Assets 2014: $174,3892014Assets 2015: $214,389Liabilities 2015: $62,886Net Assets 2015: $151,5032015Assets 2016: $196,054Liabilities 2016: $46,496Net Assets 2016: $149,5582016Assets 2017: $146,009Liabilities 2017: $37,082Net Assets 2017: $108,9272017Assets 2018: $139,477Liabilities 2018: $55,776Net Assets 2018: $83,7012018Assets 2019: $146,567Liabilities 2019: $72,670Net Assets 2019: $73,8972019Assets 2020: $188,488Liabilities 2020: $67,355Net Assets 2020: $121,1332020Assets 2021: $397,166Liabilities 2021: $192,439Net Assets 2021: $204,7272021Assets 2022: $486,157Liabilities 2022: $202,157Net Assets 2022: $284,0002022Assets 2023: $440,490Liabilities 2023: $227,627Net Assets 2023: $212,8632023Assets 2024: $483,166Liabilities 2024: $258,137Net Assets 2024: $225,0292024Assets 2025: $464,346Liabilities 2025: $286,708Net Assets 2025: $177,6382025

Highlighted filing

2022

Assets$486,157
Liabilities$202,157
Net Assets$284,000
Open 2022 Filing

Operations Trend

Revenue Growth85th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $316,583Expenses 2011: $310,464Net Income 2011: $6,1192011Expenses 2012: $338,9852012Revenue 2013: $342,857Expenses 2013: $333,643Net Income 2013: $9,2142013Revenue 2014: $347,151Expenses 2014: $316,554Net Income 2014: $30,5972014Revenue 2015: $352,685Expenses 2015: $375,571Net Income 2015: -$22,8862015Revenue 2016: $424,290Expenses 2016: $426,235Net Income 2016: -$1,9452016Revenue 2017: $472,440Expenses 2017: $513,633Net Income 2017: -$41,1932017Revenue 2018: $409,965Expenses 2018: $436,291Net Income 2018: -$26,3262018Revenue 2019: $416,553Expenses 2019: $428,197Net Income 2019: -$11,6442019Revenue 2020: $502,333Expenses 2020: $456,833Net Income 2020: $45,5002020Revenue 2021: $312,900Expenses 2021: $234,886Net Income 2021: $78,0142021Revenue 2022: $552,152Expenses 2022: $468,371Net Income 2022: $83,7812022Revenue 2023: $532,705Expenses 2023: $605,933Net Income 2023: -$73,2282023Revenue 2024: $612,862Expenses 2024: $606,507Net Income 2024: $6,3552024Revenue 2025: $573,819Expenses 2025: $627,805Net Income 2025: -$53,9862025

Highlighted filing

2022

Revenue$552,152
Expenses$468,371
Net Income$83,781
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Oct 17, 2022
Return Version
2021v4.1
Gross Receipts
$552,152
Mission and Program Overview

Mission

Lexington Symphony offers world-class programming at affordable prices, and outreach programs that introduce music lovers of all ages to classical music.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$227,860$228,313▲ $453
Cash and Non-Interest-Bearing Accounts$104,497$190,880▲ $86,383
Prepaid Expenses and Deferred Charges$9,707$18,827▲ $9,120
Pledges and Grants Receivable$4,313$1,013▼ $3,300
Total Assets$397,166$486,157▲ $88,991
Other Assets Total$50,789$47,124▼ $3,665
Liabilities
Unsecured Notes Loans Payable$168,645$150,000▼ $18,645
Deferred Revenue$18,845$38,555▲ $19,710
Accounts Payable and Accrued Expenses$4,949$13,602▲ $8,653
Total Liabilities$192,439$202,157▲ $9,718
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$194,727$274,000▲ $79,273
Net Assets With Donor Restrictions$10,000$10,000→ $0
Total Net Assets Fund Balance$204,727$284,000▲ $79,273
Total Liabilities and Net Assets / Fund Balance$397,166$486,157▲ $88,991

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$47,124--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$50,789$0▼ $3,665-$47,124
2020$41,672$0▲ $9,117-$50,789
2019$40,471$1,000▲ $201-$41,672
2018$37,740$1,000▲ $1,731-$40,471
2017$34,842$1,100▲ $1,798-$37,740
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jeffrey LevensonExecutive DirectorPT$55,000$55,000
-General ManagerPT$42,000$42,000
Jonathan McPheeMusic DirectorPT$37,605$37,605
Deborah JonesCo-PresidentPT$2,378$2,378
Jan LerbingerVice President-$1,768$1,768
Jeffrey LeonardDirector-$648$648

Board Members and Trustees

NameTitle
Alix FoxCo-President
Anthony GalaitsisDirector
Anwell TsaiDirector
Betty BlumeDirector
David RothsteinDirector
Deborah BrownDirector
Jillian TungDirector
John TarrhDirector
Marlene StoneDirector
Patricia ManhardDirector
William FrawleyDirector
Carol MarineSecretary
Barbara HugheyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$410,203
Program Service Revenue
$140,652
Investment Income
$1,297
Other Revenue
$0
All Other Contributions
$221,887
Change in Net Assets
$83,781
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$354,295
Salaries, Compensation, and Employee Benefits$114,076
Total Fundraising Expense$8,834
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$158,534$46,978$0$205,512
Other Salaries and Wages$0$105,422$0$105,422
All Other Expenses$3,903$45,218$7,308$56,429
Payroll Taxes$0$8,654$0$8,654
Occupancy$0$7,740$0$7,740
Fees for Services Accounting$0$7,171$0$7,171
Insurance$0$6,241$0$6,241
Interest$0$4,282$0$4,282
Other Expenses$0$1,974$0$1,974
Office Expenses$0$566$0$566
Total Functional Expenses$220,728$238,809$8,834$468,371
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Lexington Symphony Inc
EIN
04-3301650
Phone
7815239009
Address
PO Box 194, Lexington, MA 02420-0002

Signing Officer

Name
Barbara Hughey
Title
Treasurer
Phone
7815239009
Signed
2022-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Hughey
Formed
1995
Legal Domicile
Ma
Voting Board Members
18
Independent Board Members
18
Employees
3
Volunteers
14

Preparer

Firm
Joseph T Twardy Jr CPA LLC
Address
24 Pine Grove Rd, Sunapee, NH 03782
Preparer
Joseph T Twardy Jr
Phone
6037630350
Supplemental Narrative

Additional Explanations

Pt V, PBC

“Personal Benefit Contract Statement”

Pt V, PBC

“(Form 990, Part V, lines 7e and 7f)”

Pt V, PBC

“The Organization did not pay any premiums on any personal”

Pt V, PBC

“benefit contracts during FY2022, nor did the Organization”

Pt V, PBC

“receive any income from any such personal benefit contracts.”

Pt V, PBC

“-”

Pt VI, Line 6

“The Organization's bylaws provide that 'playing members'”

Pt VI, Line 6

“of the orchestra are, by invitation, permitted to elect”

Pt VI, Line 6

“the Board of Directors.”

Pt VI, Line 6

“-”

Pt VI, Line 7A

“The Organization's bylaws provide that 'playing members'”

Pt VI, Line 7A

“of the orchestra are, by invitation, permitted to elect”

Pt VI, Line 7A

“the Board of Directors.”

Pt VI, Line 7A

“-”

Pt VI, Line 7B

“Governance decisions and changes to the Organizaiton's”

Pt VI, Line 7B

“bylaws must be approved by the playing members.”

Pt VI, Line 7B

“-”

Pt VI, Line 11B

“The Treasurer and President review the organizations”

Pt VI, Line 11B

“Form 990 return.”

Pt VI, Line 11B

“-”

Pt VI, Line 18

“The organizations Form 990 return is available for”

Pt VI, Line 18

“public inspection on the following web sites:”

Pt VI, Line 18

“http://www.charities.ago.state.ma.us”

Pt VI, Line 18

“http://www.guidestar.org”

Pt VI, Line 18

“-”

Pt VI, Line 19

“The organization will provide a copy of its Reviewed”

Pt VI, Line 19

“Financial Statements, Notes to the Financial Statements”

Pt VI, Line 19

“and Form 990 return to the public upon request.”

Pt VI, Line 19

“-”

Pt VIII

“Form 990, Part IX, line 11(g), column B:”

Pt VIII

“Other Program Services expenses included the following:”

Pt VIII

“a. $117,924 Players' compensation at concerts”

Pt VIII

“b. 23,277 Conductor”

Pt VIII

“c. 13,600 Guest artists”

Pt VIII

“d. 2,588 Personnel manager”

Pt VIII

“e. 1,145 Personnel expenses - other”

Pt VIII

“--------”

Pt VIII

“$158,534 Total Other Program Services expenses”

Pt VIII

“-”

Pt VIII

“Form 990, Part IX, line 11(g), column C:”

Pt VIII

“Other Management and General expenses included the following”

Pt VIII

“expenses for consultants:”

Pt VIII

“a. $ 28,300 Marketing and publicity”

Pt VIII

“b. 14,328 Music director”

Pt VIII

“c. 4,350 Other”

Pt VIII

“--------”

Pt VIII

“$ 46,978 Total Other Management and General expenses”

Pt VIII

“-”

Pt XI

“Form 990, Part XI, line 9:”

Pt XI

“The organization received supplemental contributions to”

Pt XI

“the Lexington Symphony Fund of $0 and $0 during”

Pt XI

“FY2022 and FY2021, respectively.”

Form 990, Part IX, Line 11G

“Players' compensation at concerts 117924. 117924. 0. 0.”

Form 990, Part IX, Line 11G

“Conductor 23277. 23277. 0. 0.”

Form 990, Part IX, Line 11G

“Guest artists 13600. 13600. 0. 0.”

Form 990, Part IX, Line 11G

“Personnel manager 2588. 2588. 0. 0.”

Form 990, Part IX, Line 11G

“Personnel expenses - other 1145. 1145. 0. 0.”

Form 990, Part IX, Line 11G

“Consultants 46978. 0. 46978. 0.”

Form 990, Part IX, Line 24E

“Community engagement 6722. 0. 0. 6722.”

Form 990, Part IX, Line 24E

“Development events 53. 0. 0. 53.”

Form 990, Part IX, Line 24E

“Marketing and promotion 29833. 0. 29833. 0.”

Form 990, Part IX, Line 24E

“Outreach & gig expenses 3903. 3903. 0. 0.”

Form 990, Part IX, Line 24E

“Pandemic-related gifts to musicians 0. 0. 0. 0.”

Form 990, Part IX, Line 24E

“Postage and delivery 659. 0. 659. 0.”

Form 990, Part IX, Line 24E

“Telephone / Internet 1147. 0. 1147. 0.”

Form 990, Part IX, Line 24E

“Ticket handling fees 11966. 0. 11966. 0.”

Form 990, Part IX, Line 24E

“Web site 493. 0. 493. 0.”

Form 990, Part IX, Line 24E

“Other 1653. 0. 1120. 533.”

Financial Statement Notes

Pt V, Line 4

“For general operating purposes of the Lexington Symphony, Inc.,”

Pt V, Line 4

“including, but not limited to, musician and staff compensation,”

Pt V, Line 4

“facilities rental, and marketing and development expenses.”

Pt V, Line 4

“-”

Pt IV, Line 1B

“Form 990, Part IV, Line 11f and Schedule D, Part X, Line 2”

Pt IV, Line 1B

“FIN 48 (ASC 740) "Uncertain Tax Positions" footnote:”

Pt IV, Line 1B

“Lexington Symphony, Inc. files information income tax”

Pt IV, Line 1B

“returns with the United States Treasury and the Commonwealth”

Pt IV, Line 1B

“of Massachusetts. In accordance with FASB Interpretation”

Pt IV, Line 1B

“No. (FIN) 48 (ASC-740), "Accounting for Uncertainties in”

Pt IV, Line 1B

“Income Taxes", with few exceptions, the organization is”

Pt IV, Line 1B

“no longer subject to U.S. federal and state income tax”

Pt IV, Line 1B

“examinations by tax authorities for years prior to the”

Pt IV, Line 1B

“fiscal year ended June 30, 2019.”

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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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IRS990/Form990PartVIISectionAGrp/PersonNm16Jonathan McPhee
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
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IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Music Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18General Manager
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IRS990/OtherExpensesGrp/Desc2Donor solicitation
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt025634
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0217914
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part III, Line 12 Description: Gain on forgiveness of debt 2021: 18788.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt III Ln 12
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0185390
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Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$486,157
Liabilities
$202,157
Net assets
$284,000
Revenue
$552,152
Expenses
$468,371
Net income
$83,781
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.64$2.87$1.78$5.74$6.28$0.54
2024Detailed filing. Detailed filing data is available for this year.$4.83$2.58$2.25$6.13$6.07$0.06
2023Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$4.40$2.28$2.13$5.33$6.06$0.73
2022Detailed filing. Detailed filing data is available for this year.$4.86$2.02$2.84$5.52$4.68$0.84
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.97$1.92$2.05$3.13$2.35$0.78
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$0.67$1.21$5.02$4.57$0.46
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.47$0.73$0.74$4.17$4.28$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.39$0.56$0.84$4.10$4.36$0.26
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.46$0.37$1.09$4.72$5.14$0.41
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.46$1.50$4.24$4.26$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.14$0.63$1.52$3.53$3.76$0.23
2014Detailed filing. Detailed filing data is available for this year.$2.54$0.80$1.74$3.47$3.17$0.31
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.34$0.90$1.44$3.43$3.34$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$0.69$1.35$3.39
2011Summary only. Only limited summary data is available for this year.$2.76$0.01$2.74$3.17$3.10$0.06
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • $500k-$1M nonprofits