Civic Intelligence

Princeton Symphony Orchestra Inc.

990 • Fiscal year 2016 • EIN 22-2327766

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 15, 2016

PO Box 250Princeton, NJ 08542

(609) 479-0020

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.03x

Higher debt load relative to assets than 42% of similar nonprofits.

2016 filings • NTEE A • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

47th percentile

0.09x

Higher debt load relative to revenue than 47% of similar nonprofits.

2016 filings • NTEE A • $1M-$5M nonprofits • Source year 2016

Net Margin

77th percentile

20%

Higher net margin than 77% of similar nonprofits.

2016 filings • NTEE A • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

59th percentile

$70,681

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2016 filings • NTEE A • $1M-$5M nonprofits • Source year 2016

Asset Growth

71st percentile

8.6%

Faster asset growth than 71% of similar nonprofits.

2016 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

39th percentile

-3.6%

Faster revenue growth than 39% of similar nonprofits.

2016 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$4,261,160

Up $338,045 (+8.6%) from 2015

Net Assets

Up

$4,115,213

Up $323,545 (+8.5%) from 2015

Liabilities

Up

$145,947

Up $14,500 (+11%) from 2015

Revenue

Down

$1,670,388

Down $62,882 (-3.6%) from 2015

Expenses

Up

$1,328,201

Up $91,099 (+7.4%) from 2015

Net Income

Down

$342,187

Down $153,981 (-31%) from 2015

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: $2,344,336Liabilities 2010: $100,130Net Assets 2010: $2,244,2062010Assets 2011: $2,730,904Liabilities 2011: $159,239Net Assets 2011: $2,571,6652011Assets 2012: $2,867,115Liabilities 2012: $140,711Net Assets 2012: $2,726,4042012Assets 2013: $3,195,490Liabilities 2013: $114,060Net Assets 2013: $3,081,4302013Assets 2014: $3,506,177Liabilities 2014: $102,029Net Assets 2014: $3,404,1482014Assets 2015: $3,923,115Liabilities 2015: $131,447Net Assets 2015: $3,791,6682015Assets 2016: $4,261,160Liabilities 2016: $145,947Net Assets 2016: $4,115,2132016Assets 2017: $4,849,021Liabilities 2017: $206,247Net Assets 2017: $4,642,7742017Assets 2018: $5,571,757Liabilities 2018: $257,062Net Assets 2018: $5,314,6952018Assets 2019: $7,452,835Liabilities 2019: $274,735Net Assets 2019: $7,178,1002019Assets 2020: $8,497,892Liabilities 2020: $192,876Net Assets 2020: $8,305,0162020Assets 2021: $11,470,025Liabilities 2021: $167,410Net Assets 2021: $11,302,6152021Assets 2022: $10,355,967Liabilities 2022: $445,429Net Assets 2022: $9,910,5382022Assets 2023: $10,110,371Liabilities 2023: $405,578Net Assets 2023: $9,704,7932023Assets 2024: $10,508,299Liabilities 2024: $1,154,285Net Assets 2024: $9,354,0142024Assets 2025: $12,092,985Liabilities 2025: $1,031,787Net Assets 2025: $11,061,1982025

Highlighted filing

2016

Assets$4,261,160
Liabilities$145,947
Net Assets$4,115,213

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $873,1302010Revenue 2011: $1,048,731Expenses 2011: $991,922Net Income 2011: $56,8092011Expenses 2012: $1,133,2322012Expenses 2013: $1,131,2452013Revenue 2014: $1,281,633Expenses 2014: $1,319,809Net Income 2014: -$38,1762014Revenue 2015: $1,733,270Expenses 2015: $1,237,102Net Income 2015: $496,1682015Revenue 2016: $1,670,388Expenses 2016: $1,328,201Net Income 2016: $342,1872016Revenue 2017: $1,517,579Expenses 2017: $1,499,115Net Income 2017: $18,4642017Revenue 2018: $1,899,368Expenses 2018: $1,568,723Net Income 2018: $330,6452018Revenue 2019: $3,487,715Expenses 2019: $1,812,579Net Income 2019: $1,675,1362019Revenue 2020: $2,664,246Expenses 2020: $1,838,171Net Income 2020: $826,0752020Revenue 2021: $3,029,525Expenses 2021: $1,635,937Net Income 2021: $1,393,5882021Revenue 2022: $2,561,737Expenses 2022: $3,429,005Net Income 2022: -$867,2682022Revenue 2023: $3,147,824Expenses 2023: $3,852,685Net Income 2023: -$704,8612023Revenue 2024: $2,941,794Expenses 2024: $3,760,446Net Income 2024: -$818,6522024Revenue 2025: $4,801,679Expenses 2025: $4,330,875Net Income 2025: $470,8042025

Highlighted filing

2016

Revenue$1,670,388
Expenses$1,328,201
Net Income$342,187
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 15, 2016
Return Version
2015v3.0
Gross Receipts
$1,889,080
Mission and Program Overview

Mission

To provide extraordinary musical experiences and to do so as an integral part of the greater princeton community and to attract and support outstanding musical talent. To present artistically excellent performances of traditional and new classical music, bringing musicians and audiences together in an atmosphere of exploration and intimacy, education of children and adults to build understanding and appreciation of classical music, musicians and music making and connect concerts with innovative programs and events in partnerships with local organizations to attract a diverse audience and enrich the cultural life of our community.

Create opportunities for people in the greater princeton area to experience excellent, innovative live music in many forms and venues, encouraging them to engage in the art form.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$3,306,375$3,740,770▲ $434,395
Savings and Temporary Cash Investments$381,783$282,807▼ $98,976
Cash and Non-Interest-Bearing Accounts$113,184$182,760▲ $69,576
Pledges and Grants Receivable$89,439$26,434▼ $63,005
Prepaid Expenses and Deferred Charges$23,212$12,347▼ $10,865
Accounts Receivable$2,825$10,622▲ $7,797
Land, Buildings, and Equipment, Net$3,820$3,256▼ $564
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$3,923,115$4,261,160▲ $338,045
Other Assets Total$2,477$2,164▼ $313
Liabilities
Deferred Revenue$115,430$122,265▲ $6,835
Accounts Payable and Accrued Expenses$16,017$23,682▲ $7,665
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$131,447$145,947▲ $14,500
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,019,864$3,554,913▲ $535,049
Unrestricted Net Assets$771,804$560,300▼ $211,504
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$3,791,668$4,115,213▲ $323,545
Total Liabilities and Net Assets / Fund Balance$3,923,115$4,261,160▲ $338,045

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,256$13,615$16,871
Other Securities$3,740,770--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$3,370,675$565,958▲ $14,022$208,750$3,721,787
2014$2,953,766$462,309▲ $70,086$96,250$3,370,675
2013$2,521,288$254,453▲ $321,756$125,000$2,953,766
2012$2,180,193$281,338▲ $187,836$115,000$2,521,288
2011$2,076,982$190,873▲ $24,574$100,000$2,180,193
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Marc UysExec Director From 7/1/15-ee PriorFT$70,681$70,681
Melanie ClarkeExec. Director Through 6/30/15FT$49,725$49,725

Board Members and Trustees

NameTitle
David TiernoChairman
Yvonne Marcuse1st Vice Chairman/chair-elect
Richard J LevineVice Chairman
Anne Van LentTrustee
Cynthia HillasTrustee
Debora HainesTrustee
Deborah PrenticeTrustee
Henry J Oechler JrTrustee
Ingrid ReedTrustee
Jacqueline O PharesTrustee
Jay VawterTrustee
John EllisTrustee
Julian GrantTrustee
Kathleen BigginsTrustee
Kris MuseTrustee
Martha VaughnTrustee
Michael GehretTrustee
Paul AllenTrustee
Rachel GrayTrustee
Robert N RidolfiTrustee
Ruta K SmithsonTrustee
Matthew ShaftelTrustee From 1/27/16
Peggy Hughes-fulmerTrustee Through 11/18/15
Deborah LunderSecretary
Mark M LarsenTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Rossen Milanov INCMusic Director2576 BROADWAY 239, New York, NY 10025$100,500
Revenue and Support

Revenue Composition

Contributions and Grants
$1,353,113
Program Service Revenue
$283,962
Investment Income
$33,313
Other Revenue
$0
All Other Contributions
$1,114,108
Change in Net Assets
$342,187

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded6$61,554Fair Market Value (FMV)
Total Noncash Contributions6$61,554-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,726,797
Revenue Not Reported on Financial Statements
$-56,409
Revenue Not Reported on Form 990
$-18,642
Other Revenue Adjustments
$-76,527
Total Revenue per Audited Statements
$1,708,155
Total Revenue per Form 990
$1,670,388
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$768,773
Other Expenses$559,428
Total Fundraising Expense$147,333
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$444,835$97,456$61,245$603,536
Advertising$87,387-$35,079$122,466
Current Officers, Directors, Trustees, and Key Employees$33,411$33,411$28,638$95,460
All Other Expenses$26,911$36,624-$63,535
Payroll Taxes$16,611$19,292$16,925$52,828
Other Expenses$38,158$5,580-$38,158
Travel$26,569--$26,569
Fees for Services Accounting-$20,188-$20,188
Fees for Service Investment Mgmnt Fees-$20,118-$20,118
Occupancy-$19,800-$19,800
Insurance-$18,449-$18,449
Other Employee Benefits$5,276$6,227$5,446$16,949
Fees for Services Management-$10,510-$10,510
Conferences and Meetings-$10,478-$10,478
Office Expenses-$8,926-$8,926
Depreciation Depletion-$2,022-$2,022
Fees for Services Legal-$1,434-$1,434
Total Functional Expenses$870,353$310,515$147,333$1,328,201

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,384,610
Total Expenses per Audited Statements$1,384,610
Total Expenses per Form 990$1,328,201
Expenses Not Reported on Financial Statements$-56,409
Other Expense Adjustments$-76,527
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$76,527
Fundraising Gross Income$76,527
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Benefit$234,083$71,078$31,169$39,909
Musicale$25,857$5,449-$5,449
Total Events$259,940$76,527$76,527-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

PART VI, SECTION B, LINE 11B: REVIEW OF FORM 990

The audit committee and the executive committee, designated by the by-laws as the organization's finance committee, will review the final draft of the form 990 prior to its filing. All board members receive a copy prior to its filing.

PART VI, SECTION B, LINE 12C: COMPLIANCE OF INTEREST POLICY

The symphony has a conflict of interest policy that was approved by the board of trustees. This policy is signed by all board members and advisors annually.

PART VI, SECTION B, LINE 15: DETERMINATION OF COMPENSATION

One of the functions of the executive committee is to understand the role and responsbilities of the staff and to determine if the compensation paid is appropriate. The committee meets to discuss compensation on an annual basis and uses data compiled on similar size symphonies in their decision making process.

PART VI, SECTION C, LINE 19: AVAILABILITY OF DOCUMENTS

The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Princeton Symphony Orchestra
EIN
22-2327766
In Care Of
% TREASURER
Phone
6094790020
Address
PO BOX 250, PRINCETON, NJ 08542

Signing Officer

Name
Treasurer
Title
Treasurer
Phone
6094970020
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marc Uys
Formed
1980
Legal Domicile
Nj
Voting Board Members
24
Independent Board Members
24
Employees
183
Volunteers
60

Preparer

Firm
Withum Smith Brown Pc
Address
506 CARNEGIE CENTER STE 400, PRINCETON, NJ 08540-6243
Preparer
Richard C Coyne
Phone
6095201188
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4: INTENDED USES OF ORGANIZATION'S ENDOWMENT FUNDS

The symphony uses funds designated as endowment funds to take an annual draw based on a spending formula, which is used towards operations of the symphony. The endowment can also be used, with board approval, to fund special projects, or supplement the symphony's operating budget in times of financial need.

PART V, LINE 3A(I): ENDOWMENT MANAGEMENT

Endowment funds are pooled investment accounts which are held and managed by the princeton area community foundation.

PART X, LINE 2: LIABILITY FOR UNCERTAIN TAX POSITIONS

The organization files tax returns in the us federal jurisdiction. The organization has no tax examinations in progress and none are expected at this time. The organization has no unrecognized tax benefits and no liability for uncertain tax positions as of june 30, 2016. The organization classifies interest accrued on unrecognized tax benefits with interest expense. Penalties accrued on unrecognized tax benefits are classified with operating expenses. During 2016, the organization recognized $0 in interest and penalties. There were no accruals for interest and penalties as of june 30, 2016.

PART XI, LINE 4B: REVENUE ON RETURN, NOT ON AUDITED FINANCIAL STATEMENTS

Special event expenses $76,527

PART XII, LINE 4B: EXPENSES ON AUDITED FINANCIAL STATEMENTS, NOT ON RETURN

Special event expenses $76,527

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IRS990/Form990PartVIISectionAGrp/TitleTxt21ST VICE CHAIRMAN/CHAIR-ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE THROUGH 11/18/15
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24TRUSTEE FROM 1/27/16
IRS990/Form990PartVIISectionAGrp/TitleTxt25EXEC. DIRECTOR THROUGH 6/30/15
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IRS990/MissionDesc0THE PRINCETON SYMPHONY ORCHESTRA CREATES OPPORTUNITIES FOR PEOPLE IN THE GREATER PRINCETON AREA TO EXPERIENCE EXCELLENT, INNOVATIVE LIVE MUSIC IN MANY FORMS AND VENUES, ENHANCING THEIR APPRECIATION FOR MUSIC AND ENCOURAGING THEM TO ENGAGE IN THE ART FORM.
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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.$12.1$1.03$11.1$4.80$4.33$0.47
2024Detailed filing. Detailed filing data is available for this year.$10.5$1.15$9.35$2.94$3.76$0.82
2023Detailed filing. Detailed filing data is available for this year.$10.1$0.41$9.70$3.15$3.85$0.70
2022Detailed filing. Detailed filing data is available for this year.$10.4$0.45$9.91$2.56$3.43$0.87
2021Detailed filing. Detailed filing data is available for this year.$11.5$0.17$11.3$3.03$1.64$1.39
2020Detailed filing. Detailed filing data is available for this year.$8.50$0.19$8.31$2.66$1.84$0.83
2019Detailed filing. Detailed filing data is available for this year.$7.45$0.27$7.18$3.49$1.81$1.68
2018Detailed filing. Detailed filing data is available for this year.$5.57$0.26$5.31$1.90$1.57$0.33
2017Detailed filing. Detailed filing data is available for this year.$4.85$0.21$4.64$1.52$1.50$0.02
2016Detailed filing. Detailed filing data is available for this year.$4.26$0.15$4.12$1.67$1.33$0.34
2015Detailed filing. Detailed filing data is available for this year.$3.92$0.13$3.79$1.73$1.24$0.50
2014Detailed filing. Detailed filing data is available for this year.$3.51$0.10$3.40$1.28$1.32$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.20$0.11$3.08$1.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.87$0.14$2.73$1.13
2011Summary only. Only limited summary data is available for this year.$2.73$0.16$2.57$1.05$0.99$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.34$0.10$2.24$0.87