Civic Intelligence

Houston Symphony Endowment

990 • Fiscal year 2019 • EIN 20-8350227

Jun 01, 2018 to May 31, 2019 • Filed on Jan 27, 2020

Organization ProfileN/A
615 Louisiana StHouston, TX 77002

(713) 224-4240

Siviq Scores

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

Liabilities / Assets

2nd percentile

0.00x

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

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

2nd percentile

0.00x

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

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

3rd percentile

-72%

Higher net margin than 3% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

5th percentile

$0

Higher top officer pay than 5% of similar nonprofits.

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

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

16th percentile

-3.1%

Faster asset growth than 16% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

4th percentile

-51%

Faster revenue growth than 4% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets2nd percentile

Assets

Down

$75,471,987

Down $2,403,494 (-3.1%) from 2018

Net Assets

Down

$75,471,987

Down $2,403,494 (-3.1%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue2nd percentileNet Margin3rd percentile

Revenue

Down

$2,200,422

Down $2,284,041 (-51%) from 2018

Expenses

Down

$3,791,934

Down $311,801 (-7.6%) from 2018

Net Income

Down

-$1,591,512

Down $1,972,240 (-518%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

$100M$50M$0Assets 2011: $70,195,468Liabilities 2011: $0Net Assets 2011: $70,195,4682011Assets 2012: $66,511,868Liabilities 2012: $0Net Assets 2012: $66,511,8682012Assets 2013: $71,276,690Liabilities 2013: $0Net Assets 2013: $71,276,6902013Assets 2014: $73,729,642Liabilities 2014: $0Net Assets 2014: $73,729,6422014Assets 2015: $75,501,151Liabilities 2015: $0Net Assets 2015: $75,501,1512015Assets 2016: $72,640,980Liabilities 2016: $0Net Assets 2016: $72,640,9802016Assets 2017: $74,610,515Liabilities 2017: $0Net Assets 2017: $74,610,5152017Assets 2018: $77,875,481Liabilities 2018: $0Net Assets 2018: $77,875,4812018Assets 2019: $75,471,987Liabilities 2019: $0Net Assets 2019: $75,471,9872019Assets 2020: $73,523,933Liabilities 2020: $0Net Assets 2020: $73,523,9332020Assets 2021: $90,419,052Liabilities 2021: $0Net Assets 2021: $90,419,0522021Assets 2022: $87,456,110Liabilities 2022: $5,177Net Assets 2022: $87,450,9332022Assets 2023: $86,515,822Liabilities 2023: $0Net Assets 2023: $86,515,8222023

Highlighted filing

2019

Assets$75,471,987
Liabilities$0
Net Assets$75,471,987
Open 2019 Filing

Operations Trend

Revenue Growth4th percentile

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

$10M$5.0M$0-$5.0MRevenue 2011: $1,509,832Expenses 2011: $3,943,476Net Income 2011: -$2,433,6442011Expenses 2012: $4,128,8082012Expenses 2013: $4,589,9552013Revenue 2014: $6,120,692Expenses 2014: $4,156,952Net Income 2014: $1,963,7402014Revenue 2015: $8,289,366Expenses 2015: $4,305,282Net Income 2015: $3,984,0842015Revenue 2016: $2,215,472Expenses 2016: $4,563,949Net Income 2016: -$2,348,4772016Revenue 2017: $2,656,900Expenses 2017: $5,140,374Net Income 2017: -$2,483,4742017Revenue 2018: $4,484,463Expenses 2018: $4,103,735Net Income 2018: $380,7282018Revenue 2019: $2,200,422Expenses 2019: $3,791,934Net Income 2019: -$1,591,5122019Revenue 2020: $2,650,050Expenses 2020: $5,469,767Net Income 2020: -$2,819,7172020Revenue 2021: $3,639,134Expenses 2021: $3,656,998Net Income 2021: -$17,8642021Revenue 2022: $3,071,634Expenses 2022: $4,034,226Net Income 2022: -$962,5922022Revenue 2023: $5,113,564Expenses 2023: $4,500,976Net Income 2023: $612,5882023

Highlighted filing

2019

Revenue$2,200,422
Expenses$3,791,934
Net Income-$1,591,512
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Jan 27, 2020
Return Version
2018v3.1
Gross Receipts
$2,481,114
Mission and Program Overview

Mission

To support the operations of the Houston Symphony Society.

The Houston Symphony Endowment's sole purpose is to support the operations of the Houston Symphony Society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$40,462,329$41,953,074▲ $1,490,745
Investments in Publicly Traded Securities$25,652,138$25,177,436▼ $474,702
Pledges and Grants Receivable$7,330,697$5,526,590▼ $1,804,107
Savings and Temporary Cash Investments$3,808,230$1,043,157▼ $2,765,073
Land, Buildings, and Equipment, Net$480,000$480,000→ $0
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$77,875,481$75,471,987▼ $2,403,494
Other Assets Total$142,087$1,291,730▲ $1,149,643
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$77,865,566$74,780,324▼ $3,085,242
Temporarily Rstr Net Assets$2,187,261$681,663▼ $1,505,598
Unrestricted Net Assets$-2,177,346$10,000▲ $2,187,346
Total Net Assets Fund Balance$77,875,481$75,471,987▼ $2,403,494
Total Liabilities and Net Assets / Fund Balance$77,875,481$75,471,987▼ $2,403,494

Asset Categories

AssetBook ValueDepreciationBasis
Land$480,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$76,888,296$332,720▲ $2,010,118-$75,471,987
2017$74,610,515$352,019▲ $5,996,874-$76,888,296
2016$72,640,980$553,844▲ $6,524,797-$74,610,515
2015$75,501,151$4,109,801▼ $2,437,539-$72,640,980
2014$73,729,642$3,711,580▲ $2,331,320-$75,501,151
Compensation and Service Providers
Top Officer Pay5th percentile

Board Members and Trustees

NameTitle
Alexandra PrunerPresident
Fredric WeberTrustee
Gene DewhurstTrustee
James LeeTrustee
Jerry SimonTrustee
William Toomey IITrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$332,720
Program Service Revenue
$0
Investment Income
$1,791,150
Other Revenue
$76,552
All Other Contributions
$332,720
Change in Net Assets
$-1,591,512

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,167,635
Revenue Not Reported on Financial Statements
$32,787
Revenue Not Reported on Form 990
$-811,982
Total Revenue per Audited Statements
$1,355,653
Total Revenue per Form 990
$2,200,422
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,759,147
Other Expenses$32,787
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,759,147--$3,759,147
Fees for Service Investment Mgmnt Fees-$32,787-$32,787
Total Functional Expenses$3,759,147$32,787$0$3,791,934

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,791,934
Expenses per Audited Statements$3,759,147
Total Expenses per Audited Statements$3,759,147
Expenses Not Reported on Financial Statements$32,787
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Houston Symphony SocietyHouston, TX501(c)(3)Support ongoing operations$3,359,147
Houston Symphony SocietyHouston, TX501(c)(3)Admin & fundraising expenses$400,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“The officers of the Houston Symphony Society (the Society) designate for three-year terms qualified persons to succeed the directors whose terms next expire. At least one of such persons designated annually to serve as director must be a person who is serving as a member of the Board of Trustees of the Society at the time of such person's designation as a director. The President of the Society may not be designated to serve as a voting member of the Board of Directors of the Endowment.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“The Certificate of Formation may only be amended with the joint approval of the governing body of the Houston Symphony Society and the Houston Symphony Endowment.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The Houston Symphony Endowment's Form 990 is reviewed by the President of the Endowment Board, along with the CEO and the CFO of the Houston Symphony Society. The Form is sent electronically to all Trustees prior to the form being filed with the IRS.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Each year the Board discusses any potential conflicts of interest that are brought to their attention based on the conflict of interest policy statements signed by Board members.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The Houston Symphony Endowment makes its financial statements available on the Houston Symphony Society website. Financial statements, the conflict of interest policy and all governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Houston Symphony Endowment
EIN
20-8350227
Phone
7132244240
Address
615 Louisiana St, Houston, TX 77002

Signing Officer

Name
William Toomey
Title
President
Signed
2020-01-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Toomey
Formed
2006
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
5
Employees
0
Volunteers
8

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027-5132
Preparer
Barbara Murphy
Phone
7134395739
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Loss on uncollectible pledges = -$987185”

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

“The Board of Trustees reviews the financial statements and the Form 990.”

Part V & VI - Employees and policies

“The Endowment has no employees. All management functions are performed by employees of the Houston Symphony Society. The Society has all appropriate policies in place, including whistleblower and document retention policies.”

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“Houston Symphony Endowment (the Endowment) was established to support the operations of the Houston Symphony Society (the Society). The Endowment holds contributed funds in perpetuity, invests those funds, and makes contributions from time to time to the Society. Such contributions must meet the stated restrictions of donors as well as the current policies of the Endowment. The Endowment is governed by a Board of Directors who are elected by the officers of the Board of Directors of the Society.”

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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/PrincipalOfficerNm0William Toomey
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IRS990/PYOtherRevenueAmt075278
IRS990/PYRevenuesLessExpensesAmt0380728
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-1591512
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IRS990/RentalIncomeOrLossGrp/RealAmt060000
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IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt016552
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt016552
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03808230
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01043157
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0741157373
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt03791934
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Houston Symphony Society
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt03791934
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00010
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt076888296
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0332720
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt075471987
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt03759147
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt02010118
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt074610515
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0352019
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt076888296
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt04071112
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05996874
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt072640980
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt074610515
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt05109106
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06524797
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt075501151
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt072640980
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt04532433
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-2437539
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt073729642
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt03711580
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt075501151
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt04271391
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02331320
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt032787
IRS990ScheduleD/ExpensesSubtotalAmt03759147
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt032787
IRS990ScheduleD/InvestmentExpensesNotIncldAmt032787
IRS990ScheduleD/LandGrp/BookValueAmt0480000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0480000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0175203
IRS990ScheduleD/OtherRevenueAmt0-987185
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.99080
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt0-811982
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt032787
IRS990ScheduleD/RevenueSubtotalAmt02167635
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Houston Symphony Endowment (the Endowment) was established to support the operations of the Houston Symphony Society (the Society). The Endowment holds contributed funds in perpetuity, invests those funds, and makes contributions from time to time to the Society. Such contributions must meet the stated restrictions of donors as well as the current policies of the Endowment. The Endowment is governed by a Board of Directors who are elected by the officers of the Board of Directors of the Society.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00910
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0480000
IRS990ScheduleD/TotalBookValueSecuritiesAmt041953074
IRS990ScheduleD/TotalExpensesPerForm990Amt03791934
IRS990ScheduleD/TotalRevenuePerForm990Amt02200422
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01355653
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03759147
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt03359147
IRS990ScheduleI/RecipientTable/CashGrantAmt1400000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Support ongoing operations
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Admin & fundraising expenses
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Houston Symphony Society
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Houston Symphony Society
IRS990ScheduleI/RecipientTable/RecipientEIN0741157373
IRS990ScheduleI/RecipientTable/RecipientEIN1741157373
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0615 Louisiana
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1615 Louisiana
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Houston
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Houston
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd077002
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd177002
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Endowment Trustees require regular updates from the Houston Symphony Societys management team. The grant for ongoing operations is partially based on the Endowment's investment performance. The Endowment Trustees have chosen to provide support for administrative and fundraising efforts by the Society on behalf of the Endowment.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The officers of the Houston Symphony Society (the Society) designate for three-year terms qualified persons to succeed the directors whose terms next expire. At least one of such persons designated annually to serve as director must be a person who is serving as a member of the Board of Trustees of the Society at the time of such person's designation as a director. The President of the Society may not be designated to serve as a voting member of the Board of Directors of the Endowment.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Certificate of Formation may only be amended with the joint approval of the governing body of the Houston Symphony Society and the Houston Symphony Endowment.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Houston Symphony Endowment's Form 990 is reviewed by the President of the Endowment Board, along with the CEO and the CFO of the Houston Symphony Society. The Form is sent electronically to all Trustees prior to the form being filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Each year the Board discusses any potential conflicts of interest that are brought to their attention based on the conflict of interest policy statements signed by Board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Houston Symphony Endowment makes its financial statements available on the Houston Symphony Society website. Financial statements, the conflict of interest policy and all governing documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Loss on uncollectible pledges = -$987185
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Board of Trustees reviews the financial statements and the Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The Endowment has no employees. All management functions are performed by employees of the Houston Symphony Society. The Society has all appropriate policies in place, including whistleblower and document retention policies.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XII, Line 2: Change of Oversight or Selection Process

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$75,471,987
Liabilities
$0
Net assets
$75,471,987
Revenue
$2,200,422
Expenses
$3,791,934
Net income
-$1,591,512
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$86.5$0.00$86.5$5.11$4.50$0.61
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$87.5$0.01$87.5$3.07$4.03$0.96
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$90.4$0.00$90.4$3.64$3.66$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$73.5$0.00$73.5$2.65$5.47$2.82
2019Detailed filing. Detailed filing data is available for this year.$75.5$0.00$75.5$2.20$3.79$1.59
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$77.9$0.00$77.9$4.48$4.10$0.38
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$74.6$0.00$74.6$2.66$5.14$2.48
2016Detailed filing. Detailed filing data is available for this year.$72.6$0.00$72.6$2.22$4.56$2.35
2015Detailed filing. Detailed filing data is available for this year.$75.5$0.00$75.5$8.29$4.31$3.98
2014Detailed filing. Detailed filing data is available for this year.$73.7$0.00$73.7$6.12$4.16$1.96
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$71.3$0.00$71.3$4.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$66.5$0.00$66.5$4.13
2011Summary only. Only limited summary data is available for this year.$70.2$0.00$70.2$1.51$3.94$2.43