Civic Intelligence

Bay-Atlantic Symphony

990 • Fiscal year 2023 • EIN 22-2668832

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 27, 2024

1616 Pacific Ave Suite 308Atlantic City, NJ 08401

(609) 449-8780

Siviq Scores

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

Liabilities / Assets

98th percentile

2.04x

Higher debt load relative to assets than 98% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

78th percentile

0.22x

Higher debt load relative to revenue than 78% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

19th percentile

-16%

Higher net margin than 19% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

3rd percentile

-52%

Faster asset growth than 3% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

26th percentile

-9.2%

Faster revenue growth than 26% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Flat

$59,185

Flat from 2023

Net Assets

Flat

-$61,385

Flat from 2023

Liabilities

Flat

$120,570

Flat from 2023

Revenue

Flat

$544,570

Flat from 2023

Expenses

Flat

$632,217

Flat from 2023

Net Income

Flat

-$87,647

Flat from 2023

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2011: $114,274Liabilities 2011: $94,538Net Assets 2011: $19,7362011Assets 2012: $90,867Liabilities 2012: $72,669Net Assets 2012: $18,1982012Assets 2013: $104,062Liabilities 2013: $40,293Net Assets 2013: $63,7692013Assets 2014: $66,020Liabilities 2014: $27,945Net Assets 2014: $38,0752014Assets 2015: $41,588Liabilities 2015: $23,516Net Assets 2015: $18,0722015Assets 2016: $83,632Liabilities 2016: $54,612Net Assets 2016: $29,0202016Assets 2017: $65,988Liabilities 2017: $49,045Net Assets 2017: $16,9432017Assets 2018: $26,803Liabilities 2018: $14,941Net Assets 2018: $11,8622018Assets 2019: $98,792Liabilities 2019: $99,113Net Assets 2019: -$3212019Assets 2020: $106,125Liabilities 2020: $55,641Net Assets 2020: $50,4842020Assets 2021: $228,900Liabilities 2021: $99,921Net Assets 2021: $128,9792021Assets 2022: $122,961Liabilities 2022: $96,699Net Assets 2022: $26,2622022Assets 2023: $59,185Liabilities 2023: $120,570Net Assets 2023: -$61,3852023Assets 2023: $59,185Liabilities 2023: $120,570Net Assets 2023: -$61,3852023Assets 2024: $68,514Liabilities 2024: $160,490Net Assets 2024: -$91,9762024

Highlighted filing

2023

Assets$59,185
Liabilities$120,570
Net Assets-$61,385

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $468,0242011Expenses 2012: $460,6242012Revenue 2013: $570,819Expenses 2013: $525,357Net Income 2013: $45,4622013Revenue 2014: $605,304Expenses 2014: $599,652Net Income 2014: $5,6522014Revenue 2015: $660,044Expenses 2015: $680,047Net Income 2015: -$20,0032015Revenue 2016: $658,174Expenses 2016: $647,226Net Income 2016: $10,9482016Revenue 2017: $660,713Expenses 2017: $672,788Net Income 2017: -$12,0752017Revenue 2018: $686,432Expenses 2018: $691,513Net Income 2018: -$5,0812018Revenue 2019: $541,656Expenses 2019: $553,839Net Income 2019: -$12,1832019Revenue 2020: $384,271Expenses 2020: $333,466Net Income 2020: $50,8052020Revenue 2021: $483,144Expenses 2021: $404,649Net Income 2021: $78,4952021Revenue 2022: $599,564Expenses 2022: $702,281Net Income 2022: -$102,7172022Revenue 2023: $544,570Expenses 2023: $632,217Net Income 2023: -$87,6472023Revenue 2023: $544,570Expenses 2023: $632,217Net Income 2023: -$87,6472023Revenue 2024: $545,695Expenses 2024: $576,286Net Income 2024: -$30,5912024

Highlighted filing

2023

Revenue$544,570
Expenses$632,217
Net Income-$87,647
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 27, 2024
Return Version
2023v5.0
Gross Receipts
$544,570
Mission and Program Overview

Mission

Promotion and the enjoyment and appreciation of symphonic and classical music in the southern new jersey region through the presentation of concerts and related events.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$32,000-
Pledges and Grants Receivable$13,750--
Cash and Non-Interest-Bearing Accounts$81,375$11,604▼ $69,771
Prepaid Expenses and Deferred Charges$12,113$8,060▼ $4,053
Land, Buildings, and Equipment, Net$2,758$1,871▼ $887
Total Assets$122,961$59,185▼ $63,776
Other Assets Total$12,965$5,650▼ $7,315
Liabilities
Mortgage Notes Payable Secured by Investment Property$50,000$74,370▲ $24,370
Deferred Revenue$18,799$21,808▲ $3,009
Accounts Payable and Accrued Expenses$14,957$14,905▼ $52
Other Liabilities$12,943$9,487▼ $3,456
Total Liabilities$96,699$120,570▲ $23,871
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$26,262$-61,385▼ $87,647
Total Net Assets Fund Balance$26,262$-61,385▼ $87,647
Total Liabilities and Net Assets / Fund Balance$122,961$59,185▼ $63,776

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,871$3,416$5,287
Other Assets Org$635--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$234,904
Program Service Revenue
$309,666
Investment Income
$0
Other Revenue
$0
All Other Contributions
$153,688
Change in Net Assets
$-87,647

Audited Revenue Reconciliation

Revenue per Audited Statements
$544,570
Total Revenue per Audited Statements
$544,570
Total Revenue per Form 990
$544,570
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$426,908
Salaries, Compensation, and Employee Benefits$205,309
Total Fundraising Expense$10,768
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$101,694$11,964$5,982$119,640
Advertising$101,777--$101,777
Current Officers, Directors, Trustees, and Key Employees$56,950$6,700$3,350$67,000
Insurance$19,719$2,191-$21,910
Payroll Taxes$15,869$1,867$933$18,669
Fees for Services Accounting-$15,264-$15,264
Occupancy$422$14,520-$14,942
Interest-$9,076-$9,076
Other Expenses$30,704$2,423-$2,423
Office Expenses$549$838$503$1,890
Fees for Services Other$1,825--$1,825
All Other Expenses-$1,793-$1,793
Travel$1,300--$1,300
Depreciation Depletion$887--$887
Total Functional Expenses$551,540$69,909$10,768$632,217

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$632,217
Total Expenses per Audited Statements$632,217
Total Expenses per Form 990$632,217
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability-operating Lease$5,015
Payroll Taxes Payable$4,472
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
No
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

Review and approved by the board before filling.

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

UPDATED AS BOARD CHANGES

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

APPROVED BY THE BOARD.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Bay-atlantic Symphony
EIN
22-2668832
Phone
6094498780
Address
1616 PACIFIC AVE SUITE 308, ATLANTIC CITY, NJ 08401
Doing Business As
Bay-atlantic Symphony

Signing Officer

Name
Robert Woodruff
Title
Treasurer
Phone
6094498780
Signed
2024-06-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Barr
Formed
1983
Legal Domicile
Nj
Voting Board Members
10
Independent Board Members
10
Employees
5
Volunteers
10

Preparer

Firm
Fitzpatrick Bongiovanni & Kelly Pc
Address
401 NEW RD STE 102, LINWOOD, NJ 08221
Preparer
Robert J Kelly Jr
Phone
6096530110
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Direct fundraising costs 0 direct fundraising costs 0

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Direct fundraising costs 0

Schedule D, Page 4, Part XII, Line 2D

Direct fundraising costs 0

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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/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEW AND APPROVED BY THE BOARD BEFORE FILLING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPDATED AS BOARD CHANGES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DIRECT FUNDRAISING COSTS 0 DIRECT FUNDRAISING COSTS 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990/USAddress/AddressLine1Txt01616 PACIFIC AVE SUITE 308

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$1.60$0.92$5.46$5.76$0.31
2023Detailed filing. Detailed filing data is available for this year.$0.59$1.21$0.61$5.45$6.32$0.88
2023Summary only. Only limited summary data is available for this year.$0.59$1.21$0.61$5.45$6.32$0.88
2022Summary only. Only limited summary data is available for this year.$1.23$0.97$0.26$6.00$7.02$1.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.29$1.00$1.29$4.83$4.05$0.78
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.56$0.50$3.84$3.33$0.51
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.99$0.99$0.00$5.42$5.54$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$0.15$0.12$6.86$6.92$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$0.49$0.17$6.61$6.73$0.12
2016Summary only. Only limited summary data is available for this year.$0.84$0.55$0.29$6.58$6.47$0.11
2015Summary only. Only limited summary data is available for this year.$0.42$0.24$0.18$6.60$6.80$0.20
2014Summary only. Only limited summary data is available for this year.$0.66$0.28$0.38$6.05$6.00$0.06
2013Detailed filing. Detailed filing data is available for this year.$1.04$0.40$0.64$5.71$5.25$0.45
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.73$0.18$4.61
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.95$0.20$4.68