Civic Intelligence

Texarkana Symphony Orchestra Inc

990 • Fiscal year 2017 • EIN 20-4350824

Jun 01, 2016 to May 31, 2017 • Filed on Nov 29, 2017

Refreshing map…

421 Hickory StreetTexarkana, AR 71854

(870) 773-3401

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.98x

Higher debt load relative to assets than 93% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

71st percentile

0.15x

Higher debt load relative to revenue than 71% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

53rd percentile

4.7%

Higher net margin than 53% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

76th percentile

$69,479

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 12.0% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

75th percentile

17%

Faster asset growth than 75% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

45th percentile

2.3%

Faster revenue growth than 45% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$86,319

Up $12,575 (+17%) from 2016

Net Assets

Up

$1,767

Up $27,204 (+107%) from 2016

Liabilities

Down

$84,552

Down $14,629 (-15%) from 2016

Revenue

Up

$579,216

Up $12,914 (+2.3%) from 2016

Expenses

Down

$552,012

Down $65,696 (-11%) from 2016

Net Income

Up

$27,204

Up $78,610 (+153%) from 2016

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100K-$200KAssets 2010: $63,647Liabilities 2010: $27,613Net Assets 2010: $36,0342010Assets 2011: $117,145Liabilities 2011: $66,265Net Assets 2011: $50,8802011Assets 2012: $141,488Liabilities 2012: $93,495Net Assets 2012: $47,9932012Assets 2013: $150,675Liabilities 2013: $120,963Net Assets 2013: $29,7122013Assets 2014: $197,543Liabilities 2014: $157,288Net Assets 2014: $40,2552014Assets 2015: $118,538Liabilities 2015: $92,569Net Assets 2015: $25,9692015Assets 2016: $73,744Liabilities 2016: $99,181Net Assets 2016: -$25,4372016Assets 2017: $86,319Liabilities 2017: $84,552Net Assets 2017: $1,7672017Assets 2018: $53,742Liabilities 2018: $71,990Net Assets 2018: -$18,2482018Assets 2019: $35,700Liabilities 2019: $56,325Net Assets 2019: -$20,6252019Assets 2020: $77,724Liabilities 2020: $98,097Net Assets 2020: -$20,3732020Assets 2021: $26,484Liabilities 2021: $82,875Net Assets 2021: -$56,3912021Assets 2022: $124,359Liabilities 2022: $149,822Net Assets 2022: -$25,4632022Assets 2023: $203,046Liabilities 2023: $212,053Net Assets 2023: -$9,0072023Assets 2024: $137,025Liabilities 2024: $255,888Net Assets 2024: -$118,8632024

Highlighted filing

2017

Assets$86,319
Liabilities$84,552
Net Assets$1,767

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $302,313Expenses 2010: $321,551Net Income 2010: -$19,2382010Expenses 2011: $366,2042011Expenses 2012: $454,7362012Expenses 2013: $462,9112013Revenue 2014: $561,352Expenses 2014: $550,809Net Income 2014: $10,5432014Revenue 2015: $533,336Expenses 2015: $547,622Net Income 2015: -$14,2862015Revenue 2016: $566,302Expenses 2016: $617,708Net Income 2016: -$51,4062016Revenue 2017: $579,216Expenses 2017: $552,012Net Income 2017: $27,2042017Revenue 2018: $506,076Expenses 2018: $526,091Net Income 2018: -$20,0152018Revenue 2019: $547,424Expenses 2019: $549,801Net Income 2019: -$2,3772019Revenue 2020: $553,345Expenses 2020: $553,093Net Income 2020: $2522020Revenue 2021: $552,173Expenses 2021: $588,191Net Income 2021: -$36,0182021Revenue 2022: $1,119,748Expenses 2022: $1,088,820Net Income 2022: $30,9282022Revenue 2023: $1,770,024Expenses 2023: $1,753,568Net Income 2023: $16,4562023Revenue 2024: $2,039,003Expenses 2024: $2,148,859Net Income 2024: -$109,8562024

Highlighted filing

2017

Revenue$579,216
Expenses$552,012
Net Income$27,204
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Nov 29, 2017
Return Version
2016v3.0
Gross Receipts
$585,888
Mission and Program Overview

Mission

The mission of the texarkana symphony orchestra, inc. Is to pursue, for all, the transformative power of symphonic music through excellence in live permormance and education.

The mission of the texarkana symphony orchestra, inc. Is to pursue, for all, the transformative power of symphonic music through excellence in live performances and education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$49,335$59,049▲ $9,714
Accounts Receivable$15,273$20,907▲ $5,634
Land, Buildings, and Equipment, Net$8,886$6,113▼ $2,773
Total Assets$73,744$86,319▲ $12,575
Other Assets Total$250$250→ $0
Liabilities
Deferred Revenue$97,274$63,031▼ $34,243
Other Liabilities-$20,000-
Accounts Payable and Accrued Expenses$1,907$1,521▼ $386
Total Liabilities$99,181$84,552▼ $14,629
Net Assets / Fund Balance
Unrestricted Net Assets$-25,437$1,767▲ $27,204
Total Net Assets Fund Balance$-25,437$1,767▲ $27,204
Total Liabilities and Net Assets / Fund Balance$73,744$86,319▲ $12,575

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,113$25,202$31,315
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
R Andrew ClarkExecutive DiFT$69,479$69,479
Marc-andre BougieMusic DirectPT$38,428$38,428
Steve BennettYouth SymphoPT$10,307$10,307

Board Members and Trustees

NameTitle
Don HowrenPresident
Charlotte BanksBoard Member
David J PotterBoard Member
David OrrBoard Member
Dr George W English IiiBoard Member
Dr Susan KeeneyBoard Member
Edward MillerBoard Member
George MattesonBoard Member
Janell IngramBoard Member
Lairie KincaidBoard Member
Lynnel WestermanBoard Member
Margaret DavisBoard Member
Patti ShafferBoard Member
Paul MccashBoard Member
Philip WhiteBoard Member
Robin ThomasBoard Member
Ronald L MillsBoard Member
Rosanne StriplingBoard Member
Tonja Luker HaysBoard Member
Victor HlavinkaBoard Member
Remica GrayOperations D
Michael MalekSecretary
Janis Fischer HollidayTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$366,608
Program Service Revenue
$161,466
Investment Income
$0
Other Revenue
$51,142
All Other Contributions
$297,854
Change in Net Assets
$27,204

Audited Revenue Reconciliation

Revenue per Audited Statements
$579,216
Total Revenue per Audited Statements
$579,216
Total Revenue per Form 990
$579,216
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$423,453
Salaries, Compensation, and Employee Benefits$128,559
Total Fundraising Expense$7,486
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$37,500$80,714-$118,214
Advertising$64,750-$6,830$71,580
Office Expenses$16,800$10,726-$27,526
Other Expenses$14,517$10,962$656$14,517
Other Salaries and Wages-$10,345-$10,345
Occupancy-$10,160-$10,160
All Other Expenses$3,981$2,656-$6,637
Fees for Services Other-$6,600-$6,600
Insurance-$3,267-$3,267
Conferences and Meetings-$3,104-$3,104
Depreciation Depletion-$2,773-$2,773
Information Technology-$645-$645
Total Functional Expenses$402,574$141,952$7,486$552,012

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$552,012
Total Expenses per Audited Statements$552,012
Total Expenses per Form 990$552,012
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$57,814
Fundraising Direct Expenses$6,672
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Benefit$30,209$30,209$6,502$23,707
Celebrity Condu$27,605$27,605$170$27,435
Total Events$57,814$57,814$6,672$51,142
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable From Related Party$20,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

All tax forms are given to the board in electronic format to review.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policy, and financial statements are made available to the public upon request anytime during the tax year.

Filing and Contact Details

Filer

Filer Name
Texarkana Symphony Orchestra Inc
EIN
20-4350824
Phone
8707733401
Address
421 HICKORY STREET, TEXARKANA, AR 71854

Signing Officer

Name
R Andrew Clark
Title
Executive Director
Phone
8707733401
Signed
2017-11-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
R Andrew Clark
Formed
2006
Legal Domicile
Ar
Voting Board Members
26
Independent Board Members
26
Employees
6
Volunteers
178

Preparer

Firm
Wilf & Henderson Pc
Address
1430 COLLEGE DR, TEXARKANA, TX 75503-3534
Preparer
Kelly Birdwell
Phone
9037935646
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Concert performances are high quality symphonies orchestrated for the public. Educational programs are programs conducted for local schools.

Form 990, Part XI, Line 9

Fundraising expense 0 fundraising expense 0

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

FUNDRAISING EXPENSE 0

Schedule D, Page 4, Part XII, Line 2D

FUNDRAISING EXPENSE 0

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/TitleTxt0MUSIC DIRECT
IRS990/Form990PartVIISectionAGrp/TitleTxt1YOUTH SYMPHO
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4OPERATIONS D
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt23SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt24PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt25TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02006
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
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IRS990/FundraisingGrossIncomeAmt057814
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt026
IRS990/GovernmentGrantsAmt068754
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0585888
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
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IRS990/IndoorTanningServicesInd0false
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IRS990/InsuranceGrp/ManagementAndGeneralAmt03267
IRS990/InsuranceGrp/TotalAmt03267
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IRS990/IRPDocumentCnt095
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IRS990/LandBldgEquipCostOrOtherBssAmt031315
IRS990/LegalDomicileStateCd0AR
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IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE MISSION OF THE TEXARKANA SYMPHONY ORCHESTRA, INC. IS TO PURSUE, FOR ALL, THE TRANSFORMATIVE POWER OF SYMPHONIC MUSIC THROUGH EXCELLENCE IN LIVE PERMORMANCE AND EDUCATION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0-25437
IRS990/NetAssetsOrFundBalancesEOYAmt01767
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt051142
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt051142
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt010160
IRS990/OccupancyGrp/TotalAmt010160
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010726
IRS990/OfficeExpensesGrp/ProgramServicesAmt016800
IRS990/OfficeExpensesGrp/TotalAmt027526
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0250
IRS990/OtherAssetsTotalGrp/EOYAmt0250
IRS990/OtherExpensesGrp/Desc0ARTISTIC PRODUCTION
IRS990/OtherExpensesGrp/Desc1EDUCATION PROGRAMS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3YOUTH SYMPHONY ORCHESTRA
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010962
IRS990/OtherExpensesGrp/ProgramServicesAmt0233815
IRS990/OtherExpensesGrp/ProgramServicesAmt123387
IRS990/OtherExpensesGrp/ProgramServicesAmt27824
IRS990/OtherExpensesGrp/ProgramServicesAmt314517
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IRS990/OtherExpensesGrp/TotalAmt123387
IRS990/OtherExpensesGrp/TotalAmt219442
IRS990/OtherExpensesGrp/TotalAmt314517
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IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0R ANDREW CLARK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0711130
IRS990/ProgramServiceRevenueGrp/Desc0PERFORMANCE REVENUE
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0CONCERT PERFORMANCES ARE HIGH QUALITY SYMPHONIES ORCHESTRATED FOR THE PUBLIC. EDUCATIONAL PROGRAMS ARE PROGRAMS CONDUCTED FOR LOCAL SCHOOLS.
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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0244,938
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0334318
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0377967
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0300420
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0423
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt024
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0311
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0759
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0659904
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0219280
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt061893
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt068439
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt067525
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt047081
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0464218

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.14$0.26$0.12$2.04$2.15$0.11
2023Detailed filing. Detailed filing data is available for this year.$0.20$0.21$0.01$1.77$1.75$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.12$0.15$0.03$1.12$1.09$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.03$0.08$0.06$0.55$0.59$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.08$0.10$0.02$0.55$0.55$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.04$0.06$0.02$0.55$0.55$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.05$0.07$0.02$0.51$0.53$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.09$0.08$0.00$0.58$0.55$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.07$0.10$0.03$0.57$0.62$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.12$0.09$0.03$0.53$0.55$0.01
2014Summary only. Only limited summary data is available for this year.$0.20$0.16$0.04$0.56$0.55$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.12$0.03$0.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.09$0.05$0.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.07$0.05$0.37
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.03$0.04$0.30$0.32$0.02
Peer Organizations

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