Civic Intelligence

Jacksonville Symphony Foundation Inc

990 • Fiscal year 2018 • EIN 20-5180812

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

300 Water Street Suite 200Jacksonville, FL 32202

(904) 354-0792

Siviq Scores

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

Liabilities / Assets

4th percentile

0.00x

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

4th percentile

0.00x

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

92nd percentile

55%

Higher net margin than 92% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

80th percentile

14%

Faster asset growth than 80% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

10th percentile

-27%

Faster revenue growth than 10% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Up

$12,097,749

Up $1,479,320 (+14%) from 2017

Net Assets

Up

$12,097,749

Up $1,479,320 (+14%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Down

$1,774,914

Down $643,820 (-27%) from 2017

Expenses

Down

$793,558

Down $367,212 (-32%) from 2017

Net Income

Down

$981,356

Down $276,608 (-22%) from 2017

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $5,321,961Liabilities 2010: $1,030Net Assets 2010: $5,320,9312010Assets 2011: $6,567,864Liabilities 2011: $2,060Net Assets 2011: $6,565,8042011Assets 2012: $6,804,491Liabilities 2012: $0Net Assets 2012: $6,804,4912012Assets 2013: $7,977,461Liabilities 2013: $0Net Assets 2013: $7,977,4612013Assets 2014: $8,465,228Liabilities 2014: $0Net Assets 2014: $8,465,2282014Assets 2015: $9,017,806Liabilities 2015: $0Net Assets 2015: $9,017,8062015Assets 2016: $8,266,741Liabilities 2016: $0Net Assets 2016: $8,266,7412016Assets 2017: $10,618,429Liabilities 2017: $0Net Assets 2017: $10,618,4292017Assets 2018: $12,097,749Liabilities 2018: $0Net Assets 2018: $12,097,7492018Assets 2019: $11,067,687Liabilities 2019: $0Net Assets 2019: $11,067,6872019Assets 2020: $9,407,868Liabilities 2020: $0Net Assets 2020: $9,407,8682020Assets 2021: $11,614,969Liabilities 2021: $0Net Assets 2021: $11,614,9692021Assets 2022: $8,048,569Liabilities 2022: $0Net Assets 2022: $8,048,5692022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2018

Assets$12,097,749
Liabilities$0
Net Assets$12,097,749

Operations Trend

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

$10M$5.0M$0-$5.0M-$10MExpenses 2010: $279,3062010Expenses 2011: $295,7372011Expenses 2012: $351,0822012Revenue 2013: $659,320Expenses 2013: $384,644Net Income 2013: $274,6762013Revenue 2014: $420,517Expenses 2014: $596,860Net Income 2014: -$176,3432014Revenue 2015: $1,233,264Expenses 2015: $681,511Net Income 2015: $551,7532015Revenue 2016: $114,425Expenses 2016: $1,048,858Net Income 2016: -$934,4332016Revenue 2017: $2,418,734Expenses 2017: $1,160,770Net Income 2017: $1,257,9642017Revenue 2018: $1,774,914Expenses 2018: $793,558Net Income 2018: $981,3562018Revenue 2019: $623,623Expenses 2019: $1,483,835Net Income 2019: -$860,2122019Revenue 2020: $368,442Expenses 2020: $1,275,968Net Income 2020: -$907,5262020Revenue 2021: $1,244,585Expenses 2021: $890,729Net Income 2021: $353,8562021Revenue 2022: $235,822Expenses 2022: $1,169,980Net Income 2022: -$934,1582022Revenue 2023: $205,207Expenses 2023: $9,271,196Net Income 2023: -$9,065,9892023

Highlighted filing

2018

Revenue$1,774,914
Expenses$793,558
Net Income$981,356
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$2,896,504
Mission and Program Overview

Mission

The organization was established to provide financial assistance and support to the jacksonville symphony association, inc.

The organization was establised to provide financial assistance and support to the jacksonville symphony association, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$10,618,429$12,097,749▲ $1,479,320
Total Assets$10,618,429$12,097,749▲ $1,479,320
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$10,618,429$12,097,749▲ $1,479,320
Total Net Assets Fund Balance$10,618,429$12,097,749▲ $1,479,320
Total Liabilities and Net Assets / Fund Balance$10,618,429$12,097,749▲ $1,479,320

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$55,341--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Margaret GomezPresident
Gilcrhist BergTrustee
Peter KarpenTrustee
R Chris DoerrTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$981,211
Program Service Revenue
$0
Investment Income
$793,703
Other Revenue
$0
Change in Net Assets
$981,356

Audited Revenue Reconciliation

Revenue per Audited Statements
$793,703
Revenue Not Reported on Financial Statements
$981,211
Revenue Not Reported on Form 990
$497,964
Other Revenue Adjustments
$981,211
Total Revenue per Audited Statements
$1,291,667
Total Revenue per Form 990
$1,774,914
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$750,807
Other Expenses$42,751
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$750,807--$750,807
Fees for Services Management-$42,751-$42,751
Total Functional Expenses$750,807$42,751$0$793,558

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$793,558
Expenses Not Reported on Financial Statements$750,807
Other Expense Adjustments$750,807
Expenses per Audited Statements$42,751
Total Expenses per Audited Statements$42,751
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
No
Audit committee
Yes
Backup withholding compliance
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
No
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

Form 990 is reviewed by the director of finance before it is filed with the irs. It is available to the board of directors after filing.

Form 990, Page 6, Part VI, Line 19

Jacksonville symphony foundation, inc.'s governing documents and financial statements are available for publc inspection upon request at their office in jacksonville, fl at 300 west water street.

Filing and Contact Details

Filer

Filer Name
Jacksonville Symphony Foundation
EIN
20-5180812
Phone
9043540792
Address
300 WATER STREET SUITE 200, JACKSONVILLE, FL 32202

Signing Officer

Name
Margaret Gomez
Title
President
Phone
9043540792
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Margaret Gomez
Formed
2006
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
2
Employees
0

Preparer

Firm
Gunnchamberlain Pl
Address
4350 PABLO PROFESSIONAL CT STE 200, JACKSONVILLE, FL 32224-3224
Preparer
Brian a Hall CPA
Phone
9042962024
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The foundation is a not-for-profit corporation as described in section 501 (c)(3) of the internal revenue code and is exempt from federal and state income taxes on related income pursuant to section 501(a) of the internal revenue code and chapter 220.13 of the florida statutes, respectively. The foundation evaluates its tax positions for any uncertainties based on the technical merits of the position taken in accordance with authoritative guidance. The foundation recognizes the tax benefit from an uncertain position only if it is more likely than not that the position will be upheld on examination by taxing authorities. The foundation has analyzed the tax positions taken and has concluded that as of june 30, 2018 and 2017, there were no uncertain tax positions taken, or expected to be taken, that would require recognition of a liability or disclosure in the financial statements. Management is required to analyze all open tax years, as defined by the statute of limitations, for all jurisdictions, including federal and certain state taxing authorities. At june 30, 2018, the foundation is no longer subject to u.s. Federal, state and local, or non-u.s. Income tax examinations by taxing authorities for years before 2015. As of and for the years ended june 30, 2018 and 2017, the foundation did not have a liability for unrecognized taxes. The foundation has no examinations in progress and is not aware of any tax positions for which it is reasonably possible that the total amounts of unreconciled tax liabilities will significantly change in the next twelve months.

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

Revenue from related org on page 9, part viii, line 1d 981,211

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

Transfer to related org on page 10, part ix, line 1 750,807

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE INTERNAL REVENUE CODE AND CHAPTER 220.13 OF THE FLORIDA STATUTES, RESPECTIVELY. THE FOUNDATION EVALUATES ITS TAX POSITIONS FOR ANY UNCERTAINTIES BASED ON THE TECHNICAL MERITS OF THE POSITION TAKEN IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE. THE FOUNDATION RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE UPHELD ON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF JUNE 30, 2018 AND 2017, THERE WERE NO UNCERTAIN TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. MANAGEMENT IS REQUIRED TO ANALYZE ALL OPEN TAX YEARS, AS DEFINED BY THE STATUTE OF LIMITATIONS, FOR ALL JURISDICTIONS, INCLUDING FEDERAL AND CERTAIN STATE TAXING AUTHORITIES. AT JUNE 30, 2018, THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL, OR NON-U.S. INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2015. AS OF AND FOR THE YEARS ENDED JUNE 30, 2018 AND 2017, THE FOUNDATION DID NOT HAVE A LIABILITY FOR UNRECOGNIZED TAXES. THE FOUNDATION HAS NO EXAMINATIONS IN PROGRESS AND IS NOT AWARE OF ANY TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECONCILED TAX LIABILITIES WILL SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1REVENUE FROM RELATED ORG ON PAGE 9, PART VIII, LINE 1D 981,211
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2TRANSFER TO RELATED ORG ON PAGE 10, PART IX, LINE 1 750,807
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleD/TotalExpensesPerForm990Amt0793558
IRS990ScheduleD/TotalRevenuePerForm990Amt01774914
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01291667
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE DIRECTOR OF FINANCE BEFORE IT IS FILED WITH THE IRS. IT IS AVAILABLE TO THE BOARD OF DIRECTORS AFTER FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JACKSONVILLE SYMPHONY FOUNDATION, INC.'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLC INSPECTION UPON REQUEST AT THEIR OFFICE IN JACKSONVILLE, FL AT 300 WEST WATER STREET.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042751
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0750807
IRS990/TotalFunctionalExpensesGrp/TotalAmt0793558
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IRS990/TotalRevenueGrp/ExclusionAmt0793703
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01774914
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012097749
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-01-14 16:20:31Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MARGARET GOMEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0JACKSONVILLE SYMPHONY FOUNDATION
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.165.200.169
ReturnHeader/FilingSecurityInformation/IPDt02019-05-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:41:11
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461041593
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GUNNCHAMBERLAIN PL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04350 PABLO PROFESSIONAL CT STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JACKSONVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0322243224
ReturnHeader/PreparerPersonGrp/PhoneNum09042962024
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN A HALL CPA
ReturnHeader/ReturnTs02019-05-15T14:41:11-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.21$9.27$9.07
2022Detailed filing. Detailed filing data is available for this year.$8.05$0.00$8.05$0.24$1.17$0.93
2021Detailed filing. Detailed filing data is available for this year.$11.6$0.00$11.6$1.24$0.89$0.35
2020Detailed filing. Detailed filing data is available for this year.$9.41$0.00$9.41$0.37$1.28$0.91
2019Detailed filing. Detailed filing data is available for this year.$11.1$0.00$11.1$0.62$1.48$0.86
2018Detailed filing. Detailed filing data is available for this year.$12.1$0.00$12.1$1.77$0.79$0.98
2017Detailed filing. Detailed filing data is available for this year.$10.6$0.00$10.6$2.42$1.16$1.26
2016Detailed filing. Detailed filing data is available for this year.$8.27$0.00$8.27$0.11$1.05$0.93
2015Detailed filing. Detailed filing data is available for this year.$9.02$0.00$9.02$1.23$0.68$0.55
2014Detailed filing. Detailed filing data is available for this year.$8.47$0.00$8.47$0.42$0.60$0.18
2013Summary only. Only limited summary data is available for this year.$7.98$0.00$7.98$0.66$0.38$0.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.80$0.00$6.80$0.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.57$0.00$6.57$0.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.32$0.00$5.32$0.28
Peer Organizations

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