Civic Intelligence

Grand Junction Symphony Foundation Inc.

990 • Fiscal year 2018 • EIN 20-3258849

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 22, 2019

414 Main StreetGrand Junction, CO 81501

(970) 243-6787

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

96th percentile

74%

Higher net margin than 96% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

82nd percentile

20%

Faster asset growth than 82% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

92nd percentile

85%

Faster revenue growth than 92% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,113,099

Up $188,078 (+20%) from 2017

Net Assets

Up

$1,113,099

Up $188,078 (+20%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$162,628

Up $74,510 (+85%) from 2017

Expenses

Up

$41,543

Up $893 (+2.2%) from 2017

Net Income

Up

$121,085

Up $73,617 (+155%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $560,252Liabilities 2012: $0Net Assets 2012: $560,2522012Assets 2013: $642,254Liabilities 2013: $0Net Assets 2013: $642,2542013Assets 2014: $779,402Liabilities 2014: $0Net Assets 2014: $779,4022014Assets 2015: $789,411Liabilities 2015: $0Net Assets 2015: $789,4112015Assets 2016: $797,044Liabilities 2016: $675Net Assets 2016: $796,3692016Assets 2017: $925,021Liabilities 2017: $0Net Assets 2017: $925,0212017Assets 2018: $1,113,099Liabilities 2018: $0Net Assets 2018: $1,113,0992018Assets 2019: $1,169,177Liabilities 2019: $0Net Assets 2019: $1,169,1772019Assets 2020: $1,227,322Liabilities 2020: $0Net Assets 2020: $1,227,3222020Assets 2021: $1,989,337Liabilities 2021: $4,000Net Assets 2021: $1,985,3372021Assets 2022: $1,793,107Liabilities 2022: $0Net Assets 2022: $1,793,1072022Assets 2023: $2,015,720Liabilities 2023: $20,000Net Assets 2023: $1,995,7202023Assets 2024: $2,307,914Liabilities 2024: $0Net Assets 2024: $2,307,9142024Assets 2025: $2,500,949Liabilities 2025: $0Net Assets 2025: $2,500,9492025

Highlighted filing

2018

Assets$1,113,099
Liabilities$0
Net Assets$1,113,099

Operations Trend

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

$1.0M$500K$0Expenses 2012: $26,2812012Expenses 2013: $30,0032013Revenue 2014: $159,464Expenses 2014: $22,316Net Income 2014: $137,1482014Revenue 2015: $41,612Expenses 2015: $31,603Net Income 2015: $10,0092015Revenue 2016: $45,644Expenses 2016: $38,686Net Income 2016: $6,9582016Revenue 2017: $88,118Expenses 2017: $40,650Net Income 2017: $47,4682017Revenue 2018: $162,628Expenses 2018: $41,543Net Income 2018: $121,0852018Revenue 2019: $137,703Expenses 2019: $47,411Net Income 2019: $90,2922019Revenue 2020: $124,746Expenses 2020: $42,870Net Income 2020: $81,8762020Revenue 2021: $881,392Expenses 2021: $123,377Net Income 2021: $758,0152021Revenue 2022: $221,551Expenses 2022: $60,868Net Income 2022: $160,6832022Revenue 2023: $191,657Expenses 2023: $79,539Net Income 2023: $112,1182023Revenue 2024: $255,410Expenses 2024: $79,710Net Income 2024: $175,7002024Revenue 2025: $146,954Expenses 2025: $88,702Net Income 2025: $58,2522025

Highlighted filing

2018

Revenue$162,628
Expenses$41,543
Net Income$121,085
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 22, 2019
Return Version
2017v2.3
Gross Receipts
$1,005,223
Mission and Program Overview

Mission

To support the grand junction symphony orchestra.

To guarantee the future of symphonic music in the grand valley.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$895,084$1,020,209▲ $125,125
Investments Other Securities-$72,492-
Cash and Non-Interest-Bearing Accounts$29,872$20,398▼ $9,474
Accounts Receivable$65--
Total Assets$925,021$1,113,099▲ $188,078
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$655,671$784,779▲ $129,108
Temporarily Rstr Net Assets$224,986$282,301▲ $57,315
Unrestricted Net Assets$44,364$46,019▲ $1,655
Total Net Assets Fund Balance$925,021$1,113,099▲ $188,078
Total Liabilities and Net Assets / Fund Balance$925,021$1,113,099▲ $188,078

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$72,492--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$880,657$59,616▲ $165,904-$1,070,080
2016$756,201$40,698▲ $116,364-$880,657
2015$745,159$39,493▲ $18,402$16,719$756,201
2014$742,727$42,014▲ $3,808-$745,159
2013$618,602$40,416▲ $104,725-$742,727
Compensation and Service Providers

Board Members and Trustees

NameTitle
Adele SuydamPresident
Barbara CiperanoDirector
Chris UnfugDirector
Gregg KampfDirector
Karen CombsDirector
Kate DenningDirector
Kenneth HeittDirector
Michael MccormickDirector
Milly PaciniDirector
Patti MiliusDirector
Wanda PutnamDirector
Audrey HamonSecretary
Mike SewellTreasurer
William BrodakVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$68,677
Program Service Revenue
$0
Investment Income
$98,911
Other Revenue
$-4,960
All Other Contributions
$68,677
Change in Net Assets
$121,085
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$36,097
Other Expenses$5,446
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$36,097--$36,097
Office Expenses-$3,300-$3,300
Advertising-$1,725-$1,725
Other Expenses-$218-$218
Fees for Services Other-$203-$203
Total Functional Expenses$36,097$5,446$0$41,543
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Grand Junction Symphony OrchestraGrand Junction, CO501c3Symphony Support$36,097
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$6,500
Fundraising Gross Income$1,540
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
Audit committee
Yes
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A draft of the 990 is sent to the board treasurer for approval and signature prior to the filing deadline. All board members are sent a copy of the filed and signed 990. After board members review the final 990, a formal vote for ratification of the filing of the 990 or for instructions related to amending the 990 will be held at the next board meeting.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Grand Junction Symphony Foundation
EIN
20-3258849
Phone
9702436787
Address
414 MAIN STREET, GRAND JUNCTION, CO 81501

Signing Officer

Name
Kelly Anderson
Title
Executive Director
Phone
9702436787
Signed
2019-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kelly Anderson
Formed
2004
Legal Domicile
Co
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
25

Preparer

Firm
Wipfli Llp
Address
7887 E BELLEVIEW AVE STE 700, ENGLEWOOD, CO 80111-6021
Preparer
Robert E Fabry CPA
Phone
3037590089
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Intended use of the foundation's endowment funds: gifts to the gjso foundation build the permanent endowment dedicated to providing ongoing funding for the symphony orchestra. Donations to the principle endowment fund remain restricted and intact for perpetuity. Of the total assets, 4% fund an annual gift to the symphony for operations and to udnerwrite a concert. The remainder is retained to grow total assets.

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IRS990ScheduleA/SupportingOrganization509a3Ind0X
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IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0880657
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt032606
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0116364
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt039493
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0756201
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0742727
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0INTEREST IN PERPETUAL TRUST
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.73620
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INTENDED USE OF THE FOUNDATION'S ENDOWMENT FUNDS: GIFTS TO THE GJSO FOUNDATION BUILD THE PERMANENT ENDOWMENT DEDICATED TO PROVIDING ONGOING FUNDING FOR THE SYMPHONY ORCHESTRA. DONATIONS TO THE PRINCIPLE ENDOWMENT FUND REMAIN RESTRICTED AND INTACT FOR PERPETUITY. OF THE TOTAL ASSETS, 4% FUND AN ANNUAL GIFT TO THE SYMPHONY FOR OPERATIONS AND TO UDNERWRITE A CONCERT. THE REMAINDER IS RETAINED TO GROW TOTAL ASSETS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.26380
IRS990ScheduleD/TotalBookValueSecuritiesAmt072492
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IRS990ScheduleI/RecipientTable/CashGrantAmt036097
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SYMPHONY SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0GRAND JUNCTION SYMPHONY ORCHESTRA
IRS990ScheduleI/RecipientTable/RecipientEIN0840759502
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0414 MAIN STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0GRAND JUNCTION
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IRS990ScheduleI/Total501c3OrgCnt01
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF THE 990 IS SENT TO THE BOARD TREASURER FOR APPROVAL AND SIGNATURE PRIOR TO THE FILING DEADLINE. ALL BOARD MEMBERS ARE SENT A COPY OF THE FILED AND SIGNED 990. AFTER BOARD MEMBERS REVIEW THE FINAL 990, A FORMAL VOTE FOR RATIFICATION OF THE FILING OF THE 990 OR FOR INSTRUCTIONS RELATED TO AMENDING THE 990 WILL BE HELD AT THE NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0840759502
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CONCERTS
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IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
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IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt036097
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0BOOK
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0GRAND JUNCTION SYMPHONY ORCHESTRA
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IRS990/SchoolOperatingInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0282301
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01113099
IRS990/TotalAssetsGrp/BOYAmt0925021
IRS990/TotalAssetsGrp/EOYAmt01113099
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt068677
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05446
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt036097
IRS990/TotalFunctionalExpensesGrp/TotalAmt041543
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01113099
IRS990/TotalProgramServiceExpensesAmt036097

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.50$0.00$2.50$0.15$0.09$0.06
2024Detailed filing. Detailed filing data is available for this year.$2.31$0.00$2.31$0.26$0.08$0.18
2023Detailed filing. Detailed filing data is available for this year.$2.02$0.02$2.00$0.19$0.08$0.11
2022Detailed filing. Detailed filing data is available for this year.$1.79$0.00$1.79$0.22$0.06$0.16
2021Detailed filing. Detailed filing data is available for this year.$1.99$0.00$1.99$0.88$0.12$0.76
2020Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.23$0.12$0.04$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.14$0.05$0.09
2018Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$0.16$0.04$0.12
2017Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$0.09$0.04$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$0.05$0.04$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$0.04$0.03$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.78$0.00$0.78$0.16$0.02$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.00$0.64$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.00$0.56$0.03