Civic Intelligence

Penfield Symphony Orchestra Inc.

990 • Fiscal year 2017 • EIN 22-2517865

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 12, 2017

1587 Jackson RoadPenfield, NY 14526

(585) 872-0774

Siviq Scores

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

Liabilities / Assets

70th percentile

0.03x

Higher debt load relative to assets than 70% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

82nd percentile

0.10x

Higher debt load relative to revenue than 82% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

70th percentile

15%

Higher net margin than 70% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

85th percentile

$24,000

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 25.3% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

55th percentile

4.8%

Faster asset growth than 55% of similar nonprofits.

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

Revenue Growth

88th percentile

63%

Faster revenue growth than 88% of similar nonprofits.

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

Assets

Up

$259,900

Up $11,971 (+4.8%) from 2016

Net Assets

Up

$250,882

Up $14,220 (+6.0%) from 2016

Liabilities

Down

$9,018

Down $2,249 (-20%) from 2016

Revenue

Up

$94,836

Up $36,800 (+63%) from 2016

Expenses

Up

$80,616

Up $6,908 (+9.4%) from 2016

Net Income

Up

$14,220

Up $29,892 (+191%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $188,637Liabilities 2011: $7,957Net Assets 2011: $180,6802011Assets 2012: $194,557Liabilities 2012: $3,185Net Assets 2012: $191,3722012Assets 2013: $231,102Liabilities 2013: $1,968Net Assets 2013: $229,1342013Assets 2014: $263,575Liabilities 2014: $1,784Net Assets 2014: $261,7912014Assets 2015: $262,927Liabilities 2015: $10,593Net Assets 2015: $252,3342015Assets 2016: $247,929Liabilities 2016: $11,267Net Assets 2016: $236,6622016Assets 2017: $259,900Liabilities 2017: $9,018Net Assets 2017: $250,8822017Assets 2018: $279,854Liabilities 2018: $9,192Net Assets 2018: $270,6622018Assets 2019: $307,239Liabilities 2019: $11,275Net Assets 2019: $295,9642019Assets 2020: $345,480Liabilities 2020: $13,929Net Assets 2020: $331,5512020Assets 2021: $466,007Liabilities 2021: $3,928Net Assets 2021: $462,0792021Assets 2022: $387,294Liabilities 2022: $3,789Net Assets 2022: $383,5052022Assets 2023: $408,993Liabilities 2023: $3,768Net Assets 2023: $405,2252023Assets 2024: $1,188,161Liabilities 2024: $3,278Net Assets 2024: $1,184,8832024

Highlighted filing

2017

Assets$259,900
Liabilities$9,018
Net Assets$250,882

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $127,780Expenses 2011: $59,171Net Income 2011: $68,6092011Expenses 2012: $55,9662012Expenses 2013: $49,9132013Revenue 2014: $88,762Expenses 2014: $56,105Net Income 2014: $32,6572014Revenue 2015: $62,379Expenses 2015: $72,234Net Income 2015: -$9,8552015Revenue 2016: $58,036Expenses 2016: $73,708Net Income 2016: -$15,6722016Revenue 2017: $94,836Expenses 2017: $80,616Net Income 2017: $14,2202017Revenue 2018: $98,859Expenses 2018: $79,080Net Income 2018: $19,7792018Revenue 2019: $105,577Expenses 2019: $80,376Net Income 2019: $25,2012019Revenue 2020: $114,981Expenses 2020: $79,393Net Income 2020: $35,5882020Revenue 2021: $146,756Expenses 2021: $16,220Net Income 2021: $130,5362021Revenue 2022: $45,406Expenses 2022: $51,249Net Income 2022: -$5,8432022Revenue 2023: $99,777Expenses 2023: $78,057Net Income 2023: $21,7202023Revenue 2024: $865,010Expenses 2024: $85,352Net Income 2024: $779,6582024

Highlighted filing

2017

Revenue$94,836
Expenses$80,616
Net Income$14,220
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 12, 2017
Return Version
2016v3.0
Gross Receipts
$94,836
Mission and Program Overview

Mission

The mission of the PSO is to perform and

The mission of the PSO is to perform and promote live symphonic music for Penfield and the Greater Rochester community and to provide an opportunity for highly qualified dedicated musicians to perform in a community orchestra of the highest quality.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$233,040$251,803▲ $18,763
Cash and Non-Interest-Bearing Accounts$11,795$4,632▼ $7,163
Land, Buildings, and Equipment, Net$2,895$2,650▼ $245
Prepaid Expenses and Deferred Charges$199$198▼ $1
Total Assets$247,929$259,900▲ $11,971
Other Assets Total-$617-
Liabilities
Deferred Revenue$8,390$7,776▼ $614
Accounts Payable and Accrued Expenses$2,877$1,242▼ $1,635
Total Liabilities$11,267$9,018▼ $2,249
Net Assets / Fund Balance
Unrestricted Net Assets$180,993$192,974▲ $11,981
Permanently Rstr Net Assets$30,234$30,234→ $0
Temporarily Rstr Net Assets$25,435$27,674▲ $2,239
Total Net Assets Fund Balance$236,662$250,882▲ $14,220
Total Liabilities and Net Assets / Fund Balance$247,929$259,900▲ $11,971

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,039--
Equipment$611$1,038-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$233,040$1,027▲ $33,735$16,000$251,802
2015$242,858$10,525▼ $4,817$15,526$233,040
2014$241,750$2,144▲ $114$1,150$242,858
2013$167,083$64,223▲ $31,355$20,911$241,750
2012$149,404$15,327▲ $21,034$977$167,083
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dianne StengelOperations mgrPT$24,000$24,000
David HarmanMusic DirectorPT$10,442$10,442
William HuntConcertmaster-$4,332$4,332

Board Members and Trustees

NameTitle
Dan GriswoldPresident
Beverly VoosDirector
Carol LowneDirector
Isaac HuttonDirector
Jeanne GrayDirector
Julia FiguerasDirector
Lindsay BorglumDirector
Lynn FlemingDirector
Michael QuinnDirector
Nicole OzinkowskiDirector
Peggy HallDirector
Peter IglinskiDirector
Sue BrownDirector
Yvonne AdamsDirector
Helen ZimmermanOrchestra Representative
David MearTreasurer
Alan LowneVP-Marketing
Revenue and Support

Revenue Composition

Contributions and Grants
$26,876
Program Service Revenue
$34,223
Investment Income
$3,687
Other Revenue
$30,050
All Other Contributions
$26,876
Change in Net Assets
$14,220
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$46,145
Other Expenses$34,471
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$15,204$24,960$0$40,164
Insurance$488$5,809$0$6,297
Occupancy$2,700$2,160$0$4,860
Office Expenses$0$4,044$0$4,044
Payroll Taxes$1,255$2,024$0$3,279
Advertising$2,790$0$0$2,790
Other Salaries and Wages$1,200$1,502$0$2,702
Other Expenses$2,300$0$0$2,300
Fees for Services Accounting$0$1,544$0$1,544
Royalties$571$0$0$571
Depreciation Depletion$245$0$0$245
All Other Expenses$0$75$0$75
Total Functional Expenses$38,498$42,118$0$80,616
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
Annual disclosure for covered persons
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
Filing and Contact Details

Filer

Filer Name
Penfield Symphony Orchestra Inc
EIN
22-2517865
Phone
5858720774
Address
1587 Jackson Road, Penfield, NY 14526

Signing Officer

Name
Dan Griswold
Title
President
Phone
5858720774
Signed
2017-11-12
Discuss with paid preparer
Yes

Organization Details

Formed
1982
Legal Domicile
Ny
Voting Board Members
16
Independent Board Members
16
Employees
5
Volunteers
75

Preparer

Firm
David J Mear CPA
Address
169 DALE RD, ROCHESTER, NY 14625
Preparer
David J Mear
Phone
5853815631
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Board meeting

Pt VI, Line 12C

Forms are filled out.

Pt VI, Line 15B

Board meetings

Pt VI, Line 15A

Board meeting

Pt VI, Line 2

One director and the VP are married.

Financial Statement Notes

Pt V, Line 4

To fund programs and operating expenses

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IRS990/OccupancyGrp/ManagementAndGeneralAmt02160
IRS990/OccupancyGrp/ProgramServicesAmt02700
IRS990/OccupancyGrp/TotalAmt04860
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04044
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt04044
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt0617
IRS990/OtherExpensesGrp/Desc0Printing
IRS990/OtherExpensesGrp/Desc1Concert expenses
IRS990/OtherExpensesGrp/Desc2Music rental
IRS990/OtherExpensesGrp/Desc3Soloist fees
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt04638
IRS990/OtherExpensesGrp/ProgramServicesAmt12533
IRS990/OtherExpensesGrp/ProgramServicesAmt24574
IRS990/OtherExpensesGrp/ProgramServicesAmt32300
IRS990/OtherExpensesGrp/TotalAmt04638
IRS990/OtherExpensesGrp/TotalAmt12533
IRS990/OtherExpensesGrp/TotalAmt24574
IRS990/OtherExpensesGrp/TotalAmt32300
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0investment gains <losses>
IRS990/OtherRevenueMiscGrp/Desc1other
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt030050
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt030050
IRS990/OtherRevenueTotalAmt030050
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01502
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01200
IRS990/OtherSalariesAndWagesGrp/TotalAmt02702
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02024
IRS990/PayrollTaxesGrp/ProgramServicesAmt01255
IRS990/PayrollTaxesGrp/TotalAmt03279
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt030234
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt030234
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0199
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0198
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Dan Griswold
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0711130
IRS990/ProgramServiceRevenueGrp/BusinessCd1711130
IRS990/ProgramServiceRevenueGrp/BusinessCd2711130
IRS990/ProgramServiceRevenueGrp/Desc0Ticket sales
IRS990/ProgramServiceRevenueGrp/Desc1Young Artist application fee
IRS990/ProgramServiceRevenueGrp/Desc2Program advertising
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt022108
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1280
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt211835
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt026459
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03981
IRS990/PYOtherExpensesAmt028595
IRS990/PYOtherRevenueAmt0-7543
IRS990/PYProgramServiceRevenueAmt035139
IRS990/PYRevenuesLessExpensesAmt0-15672
IRS990/PYSalariesCompEmpBnftPaidAmt045113
IRS990/PYTotalExpensesAmt073708
IRS990/PYTotalRevenueAmt058036
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt014220
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt034223
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt0571
IRS990/RoyaltiesGrp/TotalAmt0571
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt026876
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt026459
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt023847
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt020266
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt030788
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0128236
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03921
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04725
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt03284
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt04016
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt015946
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt034223
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt034979
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt038712
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt044416
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt038960
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0191290
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03921
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04725
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03284
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04016
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt015946
IRS990ScheduleA/InvestmentIncomeCYPct00.04750
IRS990ScheduleA/InvestmentIncomePYPct00.05600
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.95250
IRS990ScheduleA/PublicSupportPY509Pct00.94400
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0319526
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt061099
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt061438
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt062559
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt064682
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt069748
IRS990ScheduleA/Total509Grp/TotalAmt0319526
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0335472
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.77000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0233040
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01027
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0251802
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt033735
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt016000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0242858
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt010525
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0233040
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-4817
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt015526
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0241750
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt02144

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.00$1.18$0.87$0.09$0.78
2023Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.10$0.08$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.38$0.05$0.05$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.46$0.15$0.02$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.35$0.01$0.33$0.11$0.08$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.31$0.01$0.30$0.11$0.08$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.28$0.01$0.27$0.10$0.08$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.26$0.01$0.25$0.09$0.08$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.25$0.01$0.24$0.06$0.07$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.26$0.01$0.25$0.06$0.07$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$0.09$0.06$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.00$0.23$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.00$0.19$0.06
2011Summary only. Only limited summary data is available for this year.$0.19$0.01$0.18$0.13$0.06$0.07