Civic Intelligence

Glens Falls Symphony Orchestra Inc.

990 • Fiscal year 2020 • EIN 22-2466352

Jul 01, 2019 to Jun 30, 2020 • Filed on Jun 14, 2021

PO Box 2036Glens Falls, NY 12801

(518) 793-1348

Siviq Scores

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

Liabilities / Assets

69th percentile

0.10x

Higher debt load relative to assets than 69% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Source year 2020

Liabilities / Revenue

73rd percentile

0.13x

Higher debt load relative to revenue than 73% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Source year 2020

Net Margin

67th percentile

19%

Higher net margin than 67% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Source year 2020

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

2020 filings • NTEE A • <$500k nonprofits • Source year 2020

Asset Growth

71st percentile

33%

Faster asset growth than 71% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

57th percentile

-15%

Faster revenue growth than 57% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$477,522

Up $117,928 (+33%) from 2019

Net Assets

Up

$429,174

Up $74,345 (+21%) from 2019

Liabilities

Up

$48,348

Up $43,583 (+915%) from 2019

Revenue

Down

$385,712

Down $68,852 (-15%) from 2019

Expenses

Down

$311,367

Down $84,367 (-21%) from 2019

Net Income

Up

$74,345

Up $15,515 (+26%) from 2019

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $127,980Liabilities 2011: $5,668Net Assets 2011: $122,3122011Assets 2012: $116,223Liabilities 2012: $4,650Net Assets 2012: $111,5732012Assets 2013: $248,198Liabilities 2013: $9,186Net Assets 2013: $239,0122013Assets 2014: $227,896Liabilities 2014: $1,803Net Assets 2014: $226,0932014Assets 2015: $245,330Liabilities 2015: $4,921Net Assets 2015: $240,4092015Assets 2016: $261,524Liabilities 2016: $12,456Net Assets 2016: $249,0682016Assets 2017: $244,150Liabilities 2017: $5,610Net Assets 2017: $238,5402017Assets 2018: $302,824Liabilities 2018: $46,217Net Assets 2018: $256,6072018Assets 2019: $359,594Liabilities 2019: $4,765Net Assets 2019: $354,8292019Assets 2020: $477,522Liabilities 2020: $48,348Net Assets 2020: $429,1742020Assets 2021: $585,051Liabilities 2021: $5,960Net Assets 2021: $579,0912021Assets 2022: $524,714Liabilities 2022: $3,520Net Assets 2022: $521,1942022Assets 2023: $558,795Liabilities 2023: $4,616Net Assets 2023: $554,1792023Assets 2024: $662,551Liabilities 2024: $2,772Net Assets 2024: $659,7792024

Highlighted filing

2020

Assets$477,522
Liabilities$48,348
Net Assets$429,174

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $298,0292011Expenses 2012: $294,9072012Expenses 2013: $307,2312013Revenue 2014: $313,193Expenses 2014: $326,112Net Income 2014: -$12,9192014Revenue 2015: $347,693Expenses 2015: $333,377Net Income 2015: $14,3162015Revenue 2016: $369,267Expenses 2016: $360,608Net Income 2016: $8,6592016Revenue 2017: $345,086Expenses 2017: $355,614Net Income 2017: -$10,5282017Revenue 2018: $395,362Expenses 2018: $377,295Net Income 2018: $18,0672018Revenue 2019: $454,564Expenses 2019: $395,734Net Income 2019: $58,8302019Revenue 2020: $385,712Expenses 2020: $311,367Net Income 2020: $74,3452020Revenue 2021: $344,592Expenses 2021: $194,675Net Income 2021: $149,9172021Revenue 2022: $290,229Expenses 2022: $348,126Net Income 2022: -$57,8972022Revenue 2023: $419,907Expenses 2023: $386,922Net Income 2023: $32,9852023Revenue 2024: $554,914Expenses 2024: $449,314Net Income 2024: $105,6002024

Highlighted filing

2020

Revenue$385,712
Expenses$311,367
Net Income$74,345
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jun 14, 2021
Return Version
2019v5.0
Gross Receipts
$388,240
Mission and Program Overview

Mission

To provide a live musical experience

To provide a live musical experience that is professional, educational and entertaining.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$180,292$205,312▲ $25,020
Cash and Non-Interest-Bearing Accounts$67,605$163,915▲ $96,310
Land, Buildings, and Equipment, Net$70,134$65,899▼ $4,235
Savings and Temporary Cash Investments$26,124$27,375▲ $1,251
Prepaid Expenses and Deferred Charges$506$1,284▲ $778
Accounts Receivable$1,219$23▼ $1,196
Total Assets$359,594$477,522▲ $117,928
Other Assets Total$13,714$13,714→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property-$44,000-
Accounts Payable and Accrued Expenses$4,765$4,348▼ $417
Total Liabilities$4,765$48,348▲ $43,583
Net Assets / Fund Balance
Net Assets With Donor Restrictions$260,341$294,838▲ $34,497
Net Assets Without Donor Restrictions$94,488$134,336▲ $39,848
Total Net Assets Fund Balance$354,829$429,174▲ $74,345
Total Liabilities and Net Assets / Fund Balance$359,594$477,522▲ $117,928

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$63,759$62,288$126,047
Equipment$2,140$2,457$4,597
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$223,267
Program Service Revenue
$126,848
Investment Income
$8,920
Other Revenue
$26,677
All Other Contributions
$218,517
Change in Net Assets
$74,345
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$197,605
Other Expenses$113,762
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$156,948$27,697-$184,645
All Other Expenses$14,813$1,992-$16,805
Office Expenses$13,522$1,778-$15,300
Travel$13,368--$13,368
Payroll Taxes$11,016$1,944-$12,960
Insurance$7,909$1,977-$9,886
Occupancy$6,014$1,504-$7,518
Advertising$6,410--$6,410
Other Expenses$6,765$6,335-$6,335
Depreciation Depletion$3,812$423-$4,235
Fees for Services Accounting$3,215$804-$4,019
Information Technology$1,706$426-$2,132
Total Functional Expenses$266,487$44,880$0$311,367
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$27,044
Fundraising Direct Expenses$2,528
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Events$27,044$27,044$2,528$24,516
Total Events$27,044$27,044$2,528$24,516
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
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
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

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

Part vi, line 11b: accountant presents the review financial statements to the finance committee and board of trustees for review and approval. Once approved, the accountant prepares the 990 and presents it to the finance committee for review and approval. All board members receive a copy of the review financial statements and the 990 for review and approval.

Form 990, Page 6, Part VI, Line 12C

Conflict of interest forms are reviewed by the board of directors annually

Form 990, Page 6, Part VI, Line 15A

Compensation is reviewed by the board of directors

Form 990, Page 6, Part VI, Line 15B

Compensation is reviewed by the board of directors

Form 990, Page 6, Part VI, Line 19

The organization's governing documents and financial statements are on file at its office, and can be inspected upon request.

Filing and Contact Details

Filer

Filer Name
Glens Falls Symphony Orchestra
EIN
22-2466352
Phone
5187931348
Address
PO BOX 2036, GLENS FALLS, NY 12801

Signing Officer

Name
James Amell
Title
Treasurer
Phone
5187931348
Signed
2021-06-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Amell
Formed
1983
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
13
Employees
60
Volunteers
25

Preparer

Firm
Joseph P Lafiura CPA Pc
Address
13 CENTER ST, GLENS FALLS, NY 12801-3638
Preparer
Joseph P Lafiura
Phone
5187457076
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IRS990/ProgramServiceRevenueGrp/Desc0TICKET FEES/SUBSCRIPTIONS
IRS990/ProgramServiceRevenueGrp/Desc1SPONSORSHIPS
IRS990/ProgramServiceRevenueGrp/Desc2PROGRAM ADVERTISING
IRS990/ProgramServiceRevenueGrp/Desc3PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt065876
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt147743
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt28836
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt34393
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt065876
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt147743
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt28836
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt34393
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0225989
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt012134
IRS990/PYOtherExpensesAmt0160972
IRS990/PYOtherRevenueAmt045799
IRS990/PYProgramServiceRevenueAmt0170642
IRS990/PYRevenuesLessExpensesAmt058830
IRS990/PYSalariesCompEmpBnftPaidAmt0234762
IRS990/PYTotalExpensesAmt0395734
IRS990/PYTotalRevenueAmt0454564
IRS990/ReconcilationRevenueExpnssAmt074345
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt026124
IRS990/SavingsAndTempCashInvstGrp/EOYAmt027375
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0223267
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0225989
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0251145
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0136965
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0177035
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01014401
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt08920
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt012134
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt09010
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt011015
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0-3023
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt038056
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0472997
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96380
IRS990ScheduleA/PublicSupportPY170Pct00.96380
IRS990ScheduleA/PublicSupportTotal170Amt01014401
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0223267
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0225989
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0251145
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0136965
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0177035
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01014401
IRS990ScheduleA/TotalSupportAmt01052457
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt02140
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02457
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04597
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt063759
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt062288
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0126047
IRS990ScheduleD/TotalBookValueLandBuildingsAmt065899
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt02528
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPECIAL EVENTS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt027044
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt027044
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt027044
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt027044
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt024516
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt02528
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02528
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PART VI, LINE 11B: ACCOUNTANT PRESENTS THE REVIEW FINANCIAL STATEMENTS TO THE FINANCE COMMITTEE AND BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. ONCE APPROVED, THE ACCOUNTANT PREPARES THE 990 AND PRESENTS IT TO THE FINANCE COMMITTEE FOR REVIEW AND APPROVAL. ALL BOARD MEMBERS RECEIVE A COPY OF THE REVIEW FINANCIAL STATEMENTS AND THE 990 FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST FORMS ARE REVIEWED BY THE BOARD OF DIRECTORS ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS REVIEWED BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS REVIEWED BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE ON FILE AT ITS OFFICE, AND CAN BE INSPECTED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0359594
IRS990/TotalAssetsEOYAmt0477522
IRS990/TotalAssetsGrp/BOYAmt0359594
IRS990/TotalAssetsGrp/EOYAmt0477522
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0223267
IRS990/TotalEmployeeCnt060
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt044880
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0266487
IRS990/TotalFunctionalExpensesGrp/TotalAmt0311367
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04765
IRS990/TotalLiabilitiesEOYAmt048348
IRS990/TotalLiabilitiesGrp/BOYAmt04765
IRS990/TotalLiabilitiesGrp/EOYAmt048348
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0354829
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0429174
IRS990/TotalProgramServiceExpensesAmt0266487
IRS990/TotalProgramServiceRevenueAmt0126848
IRS990/TotalRevenueGrp/ExclusionAmt024516
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0137929
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0385712
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0359594
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0477522
IRS990/TravelGrp/ProgramServicesAmt013368
IRS990/TravelGrp/TotalAmt013368
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 2036
IRS990/USAddress/CityNm0GLENS FALLS

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.63$0.03$6.60$5.55$4.49$1.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.59$0.05$5.54$4.20$3.87$0.33
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.25$0.04$5.21$2.90$3.48$0.58
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.85$0.06$5.79$3.45$1.95$1.50
2020Detailed filing. Detailed filing data is available for this year.$4.78$0.48$4.29$3.86$3.11$0.74
2019Summary only. Only limited summary data is available for this year.$3.60$0.05$3.55$4.55$3.96$0.59
2018Summary only. Only limited summary data is available for this year.$3.03$0.46$2.57$3.95$3.77$0.18
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.44$0.06$2.39$3.45$3.56$0.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.62$0.12$2.49$3.69$3.61$0.09
2015Detailed filing. Detailed filing data is available for this year.$2.45$0.05$2.40$3.48$3.33$0.14
2014Detailed filing. Detailed filing data is available for this year.$2.28$0.02$2.26$3.13$3.26$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.48$0.09$2.39$3.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.05$1.12$2.95
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.06$1.22$2.98