Civic Intelligence

Aston Magna Foundation for Music and the Humanities Inc.

990 • Fiscal year 2019 • EIN 23-7222420

Oct 01, 2018 to Sep 30, 2019 • Filed on Feb 13, 2020

PO Box 28Great Barrington, MA 01230

(413) 528-3595

Siviq Scores

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

Liabilities / Assets

89th percentile

0.47x

Higher debt load relative to assets than 89% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

89th percentile

0.26x

Higher debt load relative to revenue than 89% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

33rd percentile

-3.5%

Higher net margin than 33% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

91st percentile

$45,965

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 13.3% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

38th percentile

-3.4%

Faster asset growth than 38% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

81st percentile

36%

Faster revenue growth than 81% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$189,545

Down $6,577 (-3.4%) from 2018

Net Assets

Down

$99,618

Down $12,196 (-11%) from 2018

Liabilities

Up

$89,927

Up $5,619 (+6.7%) from 2018

Revenue

Up

$346,502

Up $91,692 (+36%) from 2018

Expenses

Up

$358,698

Up $74,439 (+26%) from 2018

Net Income

Up

-$12,196

Up $17,253 (+59%) from 2018

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2013: $117,880Liabilities 2013: $9Net Assets 2013: $117,8712013Assets 2014: $121,514Liabilities 2014: $13,626Net Assets 2014: $107,8882014Assets 2015: $203,601Liabilities 2015: $34,756Net Assets 2015: $168,8452015Assets 2016: $141,452Liabilities 2016: $8,943Net Assets 2016: $132,5092016Assets 2017: $146,942Liabilities 2017: $5,679Net Assets 2017: $141,2632017Assets 2018: $196,122Liabilities 2018: $84,308Net Assets 2018: $111,8142018Assets 2019: $189,545Liabilities 2019: $89,927Net Assets 2019: $99,6182019Assets 2020: $120,809Liabilities 2020: $0Net Assets 2020: $120,8092020Assets 2022: $94,418Liabilities 2022: $5,609Net Assets 2022: $88,8092022Assets 2023: $149,907Liabilities 2023: $201Net Assets 2023: $149,7062023Assets 2024: $177,159Liabilities 2024: $42,997Net Assets 2024: $134,1622024

Highlighted filing

2019

Assets$189,545
Liabilities$89,927
Net Assets$99,618

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2013: $215,9672013Revenue 2014: $221,655Expenses 2014: $231,638Net Income 2014: -$9,9832014Revenue 2015: $329,005Expenses 2015: $268,048Net Income 2015: $60,9572015Revenue 2016: $232,054Expenses 2016: $268,390Net Income 2016: -$36,3362016Revenue 2017: $251,766Expenses 2017: $243,012Net Income 2017: $8,7542017Revenue 2018: $254,810Expenses 2018: $284,259Net Income 2018: -$29,4492018Revenue 2019: $346,502Expenses 2019: $358,698Net Income 2019: -$12,1962019Revenue 2020: $235,291Expenses 2020: $214,101Net Income 2020: $21,1902020Revenue 2022: $252,962Expenses 2022: $274,997Net Income 2022: -$22,0352022Revenue 2023: $339,776Expenses 2023: $278,879Net Income 2023: $60,8972023Revenue 2024: $201,821Expenses 2024: $217,366Net Income 2024: -$15,5452024

Highlighted filing

2019

Revenue$346,502
Expenses$358,698
Net Income-$12,196
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Feb 13, 2020
Return Version
2018v3.1
Gross Receipts
$346,502
Mission and Program Overview

Mission

Sponsors educational programs that bring to communities the study of music and other arts of the 17th, 18th and early 19th centuries and organizes performances at various concert halls.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$96,712$73,937▼ $22,775
Prepaid Expenses and Deferred Charges$49,783$59,238▲ $9,455
Cash and Non-Interest-Bearing Accounts$49,627$56,370▲ $6,743
Total Assets$196,122$189,545▼ $6,577
Liabilities
Other Liabilities$80,080$89,134▲ $9,054
Accounts Payable and Accrued Expenses$4,228$793▼ $3,435
Total Liabilities$84,308$89,927▲ $5,619
Net Assets / Fund Balance
Unrestricted Net Assets$111,814$99,618▼ $12,196
Total Net Assets Fund Balance$111,814$99,618▼ $12,196
Total Liabilities and Net Assets / Fund Balance$196,122$189,545▼ $6,577
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Daniel StepnerArtistic Director-$45,965$45,965
Susan ObelExecutive DirectorPT$38,534$38,534

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$191,987
Program Service Revenue
$152,557
Investment Income
$1,916
Other Revenue
$42
All Other Contributions
$186,487
Change in Net Assets
$-12,196
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$320,164
Salaries, Compensation, and Employee Benefits$38,534
Total Fundraising Expense$4,579
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$134,807$1,902$4,579$141,288
Current Officers, Directors, Trustees, and Key Employees-$38,534-$38,534
Advertising$30,248--$30,248
Insurance-$11,280-$11,280
Fees for Services Accounting-$6,150-$6,150
Other Expenses$5,633--$5,633
Total Functional Expenses$296,253$57,866$4,579$358,698
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
Deposits for Future Trip$81,374
Deferred Contributions$5,600
Customer Tickets Sales in Advance$2,160
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

A copy of the irs form 990 is reviewed by the executive director and provided to members upon request.

CEO executive director top management comp Part VI line 15A

Compensation is determined by the board.

Other officer or key employee compensation Part VI line 15B

All compensation matters are determined by the board.

Governing documents etc available to public Part VI line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Aston Magna Foundation
EIN
23-7222420
Address
PO BOX 28, Great Barrington, MA 01230

Signing Officer

Name
Susan Obel
Title
Exec Director
Phone
4135283595
Signed
2020-02-13
Discuss with paid preparer
No

Organization Details

Formed
1972
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Carbone & Company LLC
Address
57 North Street Suite 405, Danbury, CT 06810
Preparer
Robert C Carbone CPA
Phone
2033120171
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

SEE ATTACHED.

List of other expenses Part IX line 24E

SEE ATTACHED.

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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt046170
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0290419
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0221505
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER TICKETS SALES IN ADVANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEPOSITS FOR FUTURE TRIP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED CONTRIBUTIONS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE IRS FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND PROVIDED TO MEMBERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION IS DETERMINED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL COMPENSATION MATTERS ARE DETERMINED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SEE ATTACHED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SEE ATTACHED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other expenses Part IX line 24e
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IRS990/TotalOtherCompensationAmt00
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IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0950
IRS990/TotalProgramServiceExpensesAmt0296253
IRS990/TotalProgramServiceRevenueAmt0152557
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0SUSAN OBEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXEC DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04135283595

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