Civic Intelligence

Tupelo Symphony Orchestra Association

990 • Fiscal year 2016 • EIN 23-7228350

Jun 01, 2015 to May 31, 2016 • Filed on Oct 27, 2016

1800 West Main StreetTupelo, MS 38801

(662) 842-8433

Siviq Scores

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

Liabilities / Assets

60th percentile

0.01x

Higher debt load relative to assets than 60% of similar nonprofits.

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

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

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

Net Margin

58th percentile

6.8%

Higher net margin than 58% of similar nonprofits.

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

Top Officer Pay

87th percentile

$31,200

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

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

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Assets

$252,464

No earlier filing loaded for comparison.

Net Assets

$251,109

No earlier filing loaded for comparison.

Liabilities

$1,355

No earlier filing loaded for comparison.

Revenue

$392,157

No earlier filing loaded for comparison.

Expenses

$365,456

No earlier filing loaded for comparison.

Net Income

$26,701

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2016: $252,464Liabilities 2016: $1,355Net Assets 2016: $251,1092016Assets 2018: $242,974Liabilities 2018: $11,270Net Assets 2018: $231,7042018Assets 2019: $191,976Liabilities 2019: $20,663Net Assets 2019: $171,3132019Assets 2020: $212,642Liabilities 2020: $11,090Net Assets 2020: $201,5522020Assets 2021: $244,456Liabilities 2021: $49,785Net Assets 2021: $194,6712021Assets 2022: $193,957Liabilities 2022: $58,823Net Assets 2022: $135,1342022Assets 2023: $199,943Liabilities 2023: $93,867Net Assets 2023: $106,0762023Assets 2024: $286,714Liabilities 2024: $77,279Net Assets 2024: $209,4352024Assets 2025: $276,472Liabilities 2025: $68,789Net Assets 2025: $207,6832025

Highlighted filing

2016

Assets$252,464
Liabilities$1,355
Net Assets$251,109

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2016: $392,157Expenses 2016: $365,456Net Income 2016: $26,7012016Revenue 2018: $412,936Expenses 2018: $411,961Net Income 2018: $9752018Revenue 2019: $344,952Expenses 2019: $405,343Net Income 2019: -$60,3912019Revenue 2020: $375,535Expenses 2020: $345,296Net Income 2020: $30,2392020Revenue 2021: $235,394Expenses 2021: $242,275Net Income 2021: -$6,8812021Revenue 2022: $361,593Expenses 2022: $421,130Net Income 2022: -$59,5372022Revenue 2023: $399,021Expenses 2023: $427,156Net Income 2023: -$28,1352023Revenue 2024: $420,070Expenses 2024: $316,711Net Income 2024: $103,3592024Revenue 2025: $382,648Expenses 2025: $384,400Net Income 2025: -$1,7522025

Highlighted filing

2016

Revenue$392,157
Expenses$365,456
Net Income$26,701
Jump To
Filing Snapshot
Filing Period
Jun 1, 2015 to May 31, 2016
Signed
Oct 27, 2016
Return Version
2015v2.1
Gross Receipts
$398,387
Mission and Program Overview

Mission

To provide quality classical music for the citizens of north mississippi, to strengthen community outreach, and to increase music education for all levels.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$125,314$123,440▼ $1,874
Cash and Non-Interest-Bearing Accounts$35,163$69,143▲ $33,980
Investments Other Securities$63,475$59,881▼ $3,594
Inventories for Sale or Use$3,499$0▼ $3,499
Investments in Publicly Traded Securities$1,264--
Other Notes and Loans Receivable, Net-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$228,715$252,464▲ $23,749
Liabilities
Other Liabilities$1,738$1,355▼ $383
Total Liabilities$1,738$1,355▼ $383
Net Assets / Fund Balance
Unrestricted Net Assets$127,855$128,655▲ $800
Permanently Rstr Net Assets$94,167$122,454▲ $28,287
Temporarily Rstr Net Assets$4,955$0▼ $4,955
Total Net Assets Fund Balance$226,977$251,109▲ $24,132
Total Liabilities and Net Assets / Fund Balance$228,715$252,464▲ $23,749

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$116,486$0$116,486
Leasehold Improvements$3,786$14,535$18,321
Equipment$3,168$12,389$15,557
Other Securities$59,881--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$94,167$31,920▼ $716$2,453$122,454
2014$67,724$25,838▲ $3,524$2,328$94,167
2013$57,986$5,000▲ $7,322$2,134$67,724
2012$47,964$3,679▲ $8,739$1,975$57,986
2011$51,930$75▼ $1,767$1,802$47,964
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lisa MartinExecutive DirectorFT$31,200$31,200

Board Members and Trustees

NameTitle
Ted MollBoard Chairman
Gerald WagesVice Chairman
Allen BradfordDirector
Beverly C McalillyDirector
Brad PrewittDirector
Cathy RobertsonDirector
Doyce DeasDirector
Ernie JoynerDirector
George BoothDirector
Jimmy MilamDirector
Jo OrrDirector
Letitia P HortonDirector
Lori CulpDirector
Lynne MizeDirector
Nancy DiffeeDirector
Noel GarciaDirector
Pamela CoxDirector
Rob RiceDirector
Rusty WatererDirector
Sally KeppleDirector
Margaret Anne MurpheyCreative Consultant
Ann MilamSecretary
Bb HoschTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$292,963
Program Service Revenue
$96,527
Investment Income
$1,854
Other Revenue
$813
All Other Contributions
$292,963
Change in Net Assets
$26,701

Audited Revenue Reconciliation

Revenue per Audited Statements
$392,157
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,372
Total Revenue per Audited Statements
$393,529
Total Revenue per Form 990
$392,157
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$331,651
Salaries, Compensation, and Employee Benefits$33,805
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-$31,200-$31,200
Occupancy-$11,743-$11,743
Office Expenses-$11,454-$11,454
Conferences and Meetings-$4,618-$4,618
Advertising-$2,631-$2,631
Payroll Taxes-$2,605-$2,605
Depreciation Depletion-$1,874-$1,874
Insurance-$1,239-$1,239
Other Expenses$291,142$970-$970
All Other Expenses-$964-$964
Fees for Services Accounting-$570-$570
Total Functional Expenses$291,142$74,314$0$365,456

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$369,397
Expenses per Audited Statements$365,456
Total Expenses per Form 990$365,456
Expenses Not Reported on Form 990$3,941
Expenses Not Reported on Financial Statements$0
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
Payroll Tax Witholdings$1,355
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
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, Part VI, Section B, Line 11

Chairman of the board and executive director review a draft of the 990 prior to signing by the executive director.

Form 990, Part VI, Section C, Line 19

Formation and governing documents will be provided upon reasonable request to the organization.

Filing and Contact Details

Filer

Filer Name
Tupelo Symphony Orchestra Association
EIN
23-7228350
Phone
6628428433
Address
1800 WEST MAIN STREET, TUPELO, MS 38801
Doing Business As
North Ms Symphony Orchestra

Signing Officer

Name
Lisa Martin
Title
Executive Director
Phone
6628428433
Signed
2016-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Martin
Formed
1971
Legal Domicile
Ms
Voting Board Members
24
Independent Board Members
24
Employees
1
Volunteers
0

Preparer

Firm
Ashby & Assoc Pllc
Address
144 S THOMAS 101-4, TUPELO, MS 38801
Preparer
Ron Ashby CPA
Phone
6628403965
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 1

Response - "other" - modified cash basis of accounting the modified cash basis of accounting generally recognizes revenues when cash is received and expenses, except for the costs of cookbooks sold, are recognized when cash is disbursed.

Form 990, Part XII, Line 2C

The treasurer, vp finance, and executive director oversee the review. This process remains unchanged from prior years.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt under section 501(a) of the internal revenue code as an organization described in section 501(c)(3), but is not considered to be a private foundation. However, the internal revene code may subject an organization to tax on unrelated business income. It is management's opinion that the organization had no unrelated business taxable income activity during fiscal 2012 and 2011.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of sales of cookbooks 3,941.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of sales of cookbooks 3,941.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23CREATIVE CONSULTANT
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IRS990/FormationYr01971
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IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt024
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02619
IRS990/GrossReceiptsAmt0398387
IRS990/GrossSalesOfInventoryAmt04061
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt024
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/LegalDomicileStateCd0MS
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02289
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE QUALITY CLASSICAL MUSIC FOR THE CITIZENS OF NORTH MISSISSIPPI, TO STRENGTHEN COMMUNITY OUTREACH, AND TO INCREASE MUSIC EDUCATION FOR ALL LEVELS.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0120
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0120
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-2569
IRS990/NondeductibleContributionsInd00
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IRS990/OfficeExpensesGrp/TotalAmt011454
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2SCHOLORSHIP
IRS990/OtherExpensesGrp/Desc3RECEPTIONS
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11500
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IRS990/OtherExpensesGrp/TotalAmt21500
IRS990/OtherExpensesGrp/TotalAmt3970
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IRS990/OtherRevenueMiscGrp/BusinessCd0711190
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0122454
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
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IRS990/ProgramServiceRevenueGrp/BusinessCd0711190
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IRS990/ProgramServiceRevenueGrp/Desc1ADVERTISING
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt175
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt175
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd00
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt026701
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0285060
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0288321
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0233915
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0229634
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01329893
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01737
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01684
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03426
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0101281
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt073232
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt075103
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt079650
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt068569
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0397835
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01

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