Civic Intelligence

Albany Symphony Association Inc.

990 • Fiscal year 2016 • EIN 23-7036243

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 22, 2016

PO Box 70065Albany, GA 31708

(229) 430-8933

Siviq Scores

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

Liabilities / Assets

99th percentile

13.00x

Higher debt load relative to assets than 99% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

93rd percentile

0.57x

Higher debt load relative to revenue than 93% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

11th percentile

-33%

Higher net margin than 11% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

51st percentile

2.0%

Faster asset growth than 51% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

51st percentile

1.2%

Faster revenue growth than 51% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$9,391

Up $183 (+2.0%) from 2015

Net Assets

Down

-$112,667

Down $71,241 (-172%) from 2015

Liabilities

Up

$122,058

Up $71,424 (+141%) from 2015

Revenue

Up

$212,849

Up $2,475 (+1.2%) from 2015

Expenses

Up

$284,090

Up $25,838 (+10%) from 2015

Net Income

Down

-$71,241

Down $23,363 (-49%) from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $32,196Liabilities 2011: $66,373Net Assets 2011: -$34,1772011Assets 2012: $7,264Liabilities 2012: $35,399Net Assets 2012: -$28,1352012Assets 2013: $58,781Liabilities 2013: $34,741Net Assets 2013: $24,0402013Assets 2014: $41,594Liabilities 2014: $35,142Net Assets 2014: $6,4522014Assets 2015: $9,208Liabilities 2015: $50,634Net Assets 2015: -$41,4262015Assets 2016: $9,391Liabilities 2016: $122,058Net Assets 2016: -$112,6672016Assets 2017: $2,817,533Liabilities 2017: $3,004Net Assets 2017: $2,814,5292017Assets 2018: $273,867Liabilities 2018: $2,748Net Assets 2018: $271,1192018Assets 2019: $171,995Liabilities 2019: $3,672Net Assets 2019: $168,3232019Assets 2020: $191,512Liabilities 2020: $28,629Net Assets 2020: $162,8832020Assets 2021: $212,129Liabilities 2021: $27,310Net Assets 2021: $184,8192021Assets 2022: $270,085Liabilities 2022: $2,663Net Assets 2022: $267,4222022Assets 2023: $261,456Liabilities 2023: $10,017Net Assets 2023: $251,4392023

Highlighted filing

2016

Assets$9,391
Liabilities$122,058
Net Assets-$112,667

Operations Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2011: $329,3182011Expenses 2012: $289,7092012Expenses 2013: $380,1452013Revenue 2014: $355,056Expenses 2014: $372,644Net Income 2014: -$17,5882014Revenue 2015: $210,374Expenses 2015: $258,252Net Income 2015: -$47,8782015Revenue 2016: $212,849Expenses 2016: $284,090Net Income 2016: -$71,2412016Revenue 2017: $3,235,571Expenses 2017: $308,375Net Income 2017: $2,927,1962017Revenue 2018: $168,830Expenses 2018: $2,712,240Net Income 2018: -$2,543,4102018Revenue 2019: $238,474Expenses 2019: $341,270Net Income 2019: -$102,7962019Revenue 2020: $261,038Expenses 2020: $266,478Net Income 2020: -$5,4402020Revenue 2021: $211,555Expenses 2021: $189,619Net Income 2021: $21,9362021Revenue 2022: $433,120Expenses 2022: $350,517Net Income 2022: $82,6032022Revenue 2023: $386,446Expenses 2023: $412,077Net Income 2023: -$25,6312023

Highlighted filing

2016

Revenue$212,849
Expenses$284,090
Net Income-$71,241
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 22, 2016
Return Version
2015v2.1
Gross Receipts
$217,498
Mission and Program Overview

Mission

The mission of the albany symphony association is to enrich the quality of life in southwest georgia by providing and promoting symphonic music through the organization, development, and support of a symphony orchestra and related educational, artistic, and cultural activities.

The mission of the albany symphony association is to enrich the quality of life in southwest georgia

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,296$7,879▲ $4,583
Accounts Receivable$4,400--
Land, Buildings, and Equipment, Net$1,512$1,512→ $0
Rtn Earn Endowment Incm Other Fnds$-41,426$-112,667▼ $71,241
Total Assets$9,208$9,391▲ $183
Liabilities
Unsecured Notes Loans Payable$19,870$75,870▲ $56,000
Accounts Payable and Accrued Expenses$30,764$46,188▲ $15,424
Total Liabilities$50,634$122,058▲ $71,424
Net Assets / Fund Balance
Total Net Assets Fund Balance$-41,426$-112,667▼ $71,241
Total Liabilities and Net Assets / Fund Balance$9,208$9,391▲ $183

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,512$15,191$16,703
Compensation and Service Providers

Board Members and Trustees

NameTitle
Anthony LaporteBoard of Director
Donna GrayBoard of Director
Fred SharpeBoard of Director
Gordon ZeeseBoard of Director
Greg FullertonBoard of Director
Jim BullionBoard of Director
Jim LevaughnBoard of Director
Leigh DeatonBoard of Director
Lisa DavisBoard of Director
Lorie FarkasBoard of Director
Mandy HatcherBoard of Director
Michael SatchellBoard of Director
Raymond HughesBoard of Director
Ripley BellBoard of Director
Sandra CliftBoard of Director
Anne StokesSecretary
Richard BrownTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$131,565
Program Service Revenue
$30,554
Investment Income
$5
Other Revenue
$50,725
All Other Contributions
$131,565
Change in Net Assets
$-71,241
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$190,654
Salaries, Compensation, and Employee Benefits$93,436
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$174,312--$174,312
Current Officers, Directors, Trustees, and Key Employees$47,000$41,667-$88,667
Advertising-$5,273-$5,273
Office Expenses-$5,148-$5,148
Payroll Taxes-$4,769-$4,769
Other Expenses-$3,426-$3,426
Interest-$1,043-$1,043
Information Technology-$880-$880
Insurance-$572-$572
Total Functional Expenses$221,312$62,778$0$284,090
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$9,299
Fundraising Direct Expenses$4,649
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
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
No
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

The return is presented to the executive board prior to filing the return.

Form 990, Page 6, Part VI, Line 19

The governing documents and financial statements are available to the public by contacting the albany symphony association office.

Filing and Contact Details

Filer

Filer Name
Albany Symphony Association Inc
EIN
23-7036243
Phone
2294308933
Address
PO BOX 70065, ALBANY, GA 31708

Signing Officer

Name
Marcia Hood
Title
President
Phone
2294308933
Signed
2016-11-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marcia Hood
Formed
1969
Legal Domicile
Ga
Voting Board Members
15
Independent Board Members
15
Employees
3
Volunteers
45

Preparer

Firm
Brown & Mcdaniel Cpas LLC
Address
1500 DAWSON RD, ALBANY, GA 31707-3437
Preparer
Richard H Brown CPA
Phone
2298836262
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the albany symphony association is to enrich the quaility of life in southwest georgia by providing and promoting symphonic music through the organization, development and support of a symphony orchestra and related educational, artisic and cultural activities.

Form 990, Part IX, Line 11G

Link-up 22,921 0 0 concerts 116,011 0 0 private events 35,380 0 0

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IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04769
IRS990/PayrollTaxesGrp/TotalAmt04769
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MARCIA HOOD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0711130
IRS990/ProgramServiceRevenueGrp/BusinessCd1711130
IRS990/ProgramServiceRevenueGrp/Desc0SUBSCRIPTION CONCERTS
IRS990/ProgramServiceRevenueGrp/Desc1CONDUCTOR'S CIRCLE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt027639
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12915
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt027639
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12915
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ALBANY SYMPHONY ORCHESTRA IS A COMMUNITY ORCHESTRA THAT PRESENTS CONCERTS TO THE PUBLIC, CIVIC ORGANIZATIONS AND AREA SCHOOLS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0163011
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt027639
IRS990/ProgSrvcAccomActy3Grp/Desc0THE ALBANY SYMPHONY ORCHESTRA CONTRACTS WITH PRIVATE GROUPS TO PROVIDE MUSICIANS FOR EVENTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt035380
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0133708
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt09
IRS990/PYOtherExpensesAmt0187048
IRS990/PYOtherRevenueAmt011084
IRS990/PYProgramServiceRevenueAmt065573
IRS990/PYRevenuesLessExpensesAmt0-47878
IRS990/PYSalariesCompEmpBnftPaidAmt071204
IRS990/PYTotalExpensesAmt0258252
IRS990/PYTotalRevenueAmt0210374
IRS990/ReconcilationRevenueExpnssAmt0-71241
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-41426
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-112667
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0PROGRAM ADS 55,562
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0131565
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0133708
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0259024
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0338326
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0245243
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01107866
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt09
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt017
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt035
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt066
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt030554
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt09950
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt010330
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt012180
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt08075
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt015027
IRS990ScheduleA/OtherIncome170Grp/TotalAmt055562
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.42240
IRS990ScheduleA/PublicSupportPY170Pct00.60470
IRS990ScheduleA/PublicSupportTotal170Amt0497549
IRS990ScheduleA/SubstantialContributorsTotAmt0610317
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0131565
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0133708
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0259024
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0338326
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0245243
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01107866
IRS990ScheduleA/TotalSupportAmt01177839
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt014345
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt014345
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/EquipmentGrp/BookValueAmt01512
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015191
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016703
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01512
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE ALBANY SYMPHONY ASSOCIATION IS TO ENRICH THE QUAILITY OF LIFE IN SOUTHWEST GEORGIA BY PROVIDING AND PROMOTING SYMPHONIC MUSIC THROUGH THE ORGANIZATION, DEVELOPMENT AND SUPPORT OF A SYMPHONY ORCHESTRA AND RELATED EDUCATIONAL, ARTISIC AND CULTURAL ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN IS PRESENTED TO THE EXECUTIVE BOARD PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY CONTACTING THE ALBANY SYMPHONY ASSOCIATION OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LINK-UP 22,921 0 0 CONCERTS 116,011 0 0 PRIVATE EVENTS 35,380 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09208
IRS990/TotalAssetsEOYAmt09391
IRS990/TotalAssetsGrp/BOYAmt09208
IRS990/TotalAssetsGrp/EOYAmt09391
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0131565
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt062778
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0221312
IRS990/TotalFunctionalExpensesGrp/TotalAmt0284090
IRS990/TotalGrossUBIAmt036125
IRS990/TotalLiabilitiesBOYAmt050634
IRS990/TotalLiabilitiesEOYAmt0122058
IRS990/TotalLiabilitiesGrp/BOYAmt050634
IRS990/TotalLiabilitiesGrp/EOYAmt0122058
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-41426
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-112667
IRS990/TotalProgramServiceExpensesAmt0221312
IRS990/TotalProgramServiceRevenueAmt030554
IRS990/TotalRevenueGrp/ExclusionAmt014605
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt030554
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0212849
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt036125
IRS990/TotalVolunteersCnt045
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09208
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09391
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt019870
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt075870
IRS990/UponRequestInd0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.26$0.01$0.25$0.39$0.41$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.43$0.35$0.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.03$0.18$0.21$0.19$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.19$0.03$0.16$0.26$0.27$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.24$0.34$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.17$2.71$2.54
2017Detailed filing. Detailed filing data is available for this year.$2.82$0.00$2.81$3.24$0.31$2.93
2016Detailed filing. Detailed filing data is available for this year.$0.01$0.12$0.11$0.21$0.28$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.01$0.05$0.04$0.21$0.26$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.04$0.04$0.01$0.36$0.37$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.03$0.02$0.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.04$0.03$0.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.07$0.03$0.33