Civic Intelligence

American Symphony Orchestra League D/B/A League of American Orchestras

990 • Fiscal year 2018 • EIN 23-7300636

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 30, 2019

33 West 60th Street 5th FloorNew York, NY 10023

(212) 262-5161

Siviq Scores

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

Liabilities / Assets

67th percentile

0.11x

Higher debt load relative to assets than 67% of similar nonprofits.

2018 filings • NTEE A • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

65th percentile

0.19x

Higher debt load relative to revenue than 65% of similar nonprofits.

2018 filings • NTEE A • $5M-$10M nonprofits • Source year 2018

Net Margin

8th percentile

-41%

Higher net margin than 8% of similar nonprofits.

2018 filings • NTEE A • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

96th percentile

$335,538

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2018 filings • NTEE A • $5M-$10M nonprofits • Source year 2018

Asset Growth

3rd percentile

-16%

Faster asset growth than 3% of similar nonprofits.

2018 filings • NTEE A • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

17th percentile

-18%

Faster revenue growth than 17% of similar nonprofits.

2018 filings • NTEE A • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$9,130,271

Down $1,717,905 (-16%) from 2017

Net Assets

Down

$8,155,090

Down $1,784,918 (-18%) from 2017

Liabilities

Up

$975,181

Up $67,013 (+7.4%) from 2017

Revenue

Down

$5,008,329

Down $1,127,466 (-18%) from 2017

Expenses

Up

$7,080,872

Up $19,605 (+0.3%) from 2017

Net Income

Down

-$2,072,543

Down $1,147,071 (-124%) from 2017

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2012: $8,908,362Liabilities 2012: $1,217,087Net Assets 2012: $7,691,2752012Assets 2013: $8,066,663Liabilities 2013: $1,145,056Net Assets 2013: $6,921,6072013Assets 2014: $7,975,780Liabilities 2014: $800,322Net Assets 2014: $7,175,4582014Assets 2015: $7,429,767Liabilities 2015: $816,891Net Assets 2015: $6,612,8762015Assets 2017: $10,848,176Liabilities 2017: $908,168Net Assets 2017: $9,940,0082017Assets 2018: $9,130,271Liabilities 2018: $975,181Net Assets 2018: $8,155,0902018Assets 2019: $10,934,684Liabilities 2019: $873,014Net Assets 2019: $10,061,6702019Assets 2020: $11,342,143Liabilities 2020: $4,496,389Net Assets 2020: $6,845,7542020Assets 2021: $11,789,942Liabilities 2021: $4,203,795Net Assets 2021: $7,586,1472021Assets 2022: $11,866,825Liabilities 2022: $3,865,108Net Assets 2022: $8,001,7172022Assets 2023: $11,723,102Liabilities 2023: $3,876,857Net Assets 2023: $7,846,2452023Assets 2024: $9,335,103Liabilities 2024: $1,940,556Net Assets 2024: $7,394,5472024

Highlighted filing

2018

Assets$9,130,271
Liabilities$975,181
Net Assets$8,155,090

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2012: $6,269,7732012Expenses 2013: $5,889,6772013Revenue 2014: $5,316,544Expenses 2014: $5,506,024Net Income 2014: -$189,4802014Revenue 2015: $5,600,644Expenses 2015: $5,941,626Net Income 2015: -$340,9822015Revenue 2017: $6,135,795Expenses 2017: $7,061,267Net Income 2017: -$925,4722017Revenue 2018: $5,008,329Expenses 2018: $7,080,872Net Income 2018: -$2,072,5432018Revenue 2019: $9,953,080Expenses 2019: $8,248,058Net Income 2019: $1,705,0222019Revenue 2020: $4,846,726Expenses 2020: $8,067,720Net Income 2020: -$3,220,9942020Revenue 2021: $6,931,089Expenses 2021: $7,240,118Net Income 2021: -$309,0292021Revenue 2022: $7,956,381Expenses 2022: $6,773,420Net Income 2022: $1,182,9612022Revenue 2023: $6,165,913Expenses 2023: $6,771,911Net Income 2023: -$605,9982023Revenue 2024: $6,226,869Expenses 2024: $7,250,076Net Income 2024: -$1,023,2072024

Highlighted filing

2018

Revenue$5,008,329
Expenses$7,080,872
Net Income-$2,072,543
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 30, 2019
Return Version
2017v2.3
Gross Receipts
$5,155,034
Mission and Program Overview

Mission

To advance the experience of orchestral music, support the people and organizations that create it, and champion the contributions they make to the health and vibrancy of communities.

The mission of the league of american orchestras is to lead, encourage, support and serve orchestras as they assure the vitality of the musical experience, strengthen the entire orchestral organization and deepen their connections with their public and their communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,781,898$4,912,282▲ $130,384
Pledges and Grants Receivable$4,336,917$2,450,533▼ $1,886,384
Savings and Temporary Cash Investments$1,301,042$1,333,332▲ $32,290
Prepaid Expenses and Deferred Charges$72,353$121,440▲ $49,087
Accounts Receivable$129,031$104,659▼ $24,372
Land, Buildings, and Equipment, Net$84,826$64,716▼ $20,110
Cash and Non-Interest-Bearing Accounts$300$300→ $0
Total Assets$10,848,176$9,130,271▼ $1,717,905
Other Assets Total$141,809$143,009▲ $1,200
Liabilities
Deferred Revenue$555,141$528,652▼ $26,489
Accounts Payable and Accrued Expenses$195,392$340,686▲ $145,294
Other Liabilities$157,635$105,843▼ $51,792
Total Liabilities$908,168$975,181▲ $67,013
Net Assets / Fund Balance
Temporarily Rstr Net Assets$5,610,341$3,604,571▼ $2,005,770
Permanently Rstr Net Assets$3,561,131$3,561,131→ $0
Unrestricted Net Assets$768,536$989,388▲ $220,852
Total Net Assets Fund Balance$9,940,008$8,155,090▼ $1,784,918
Total Liabilities and Net Assets / Fund Balance$10,848,176$9,130,271▼ $1,717,905

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$64,604$1,230,501$1,295,105
Leasehold Improvements$0$904,923$904,923
Equipment$112$216,625$216,737

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$4,341,007-▲ $348,276$341,847$4,347,436
2016$4,043,032-▲ $497,975$200,000$4,341,007
2015$4,111,835-▲ $181,197$250,000$4,043,032
2014$4,350,577$100,000▼ $88,742$250,000$4,111,835
2013$4,092,055-▲ $483,522$225,000$4,350,577
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jesse RosenPresident and CEO, DirectorFT$289,759$45,779$335,538
Celeste WroblewskiVP of CommunicationsFT$161,533$38,369$199,902
Heather NoonanVP AdvocacyFT$149,853$39,947$189,800
Sarah KellyVP DevelopmentFT$173,273$1,271$174,544
Karen YairVP Knowledge Learning and LeadershipFT$157,844$2,521$160,365
Marc MartinFinancial DirectorFT$107,181$36,490$143,671
Robert SandlaChief EditorFT$107,865$15,359$123,224
Audrey Elliott-risbudDirector of Institutional GivingFT$101,551$3,601$105,152
Simon Woods OutgoingDirector/ex Officio-$5,000-$5,000

Board Members and Trustees

NameTitle
Douglas M HagermanDirector/chair
Melanie ClarkeDirector/vice Chair
Steve C ParrishDirector/vice Chair
Aaron FlaggDirector
Alan MasonDirector
Alan PiersonDirector
Alan ValentineDirector
Alberta ArthursDirector
Alfred MooreDirector
Anne ParsonsDirector
Anthony McgillDirector
Bruce E Clinton OutgoingDirector
Catherine C MoyeDirector
Cynthia M Sargent OutgoingDirector
Daniel Bernard RoumainDirector
David Alan MillerDirector
Gary GinstlingDirector
Gloria DepasqualeDirector
Henry PeyrebruneDirector
Hugh W Long PhdDirector
Jennifer MondieDirector
Jim HaslerDirector
Jonathan Weedman OutgoingDirector
Kjristine LundDirector
Lester AbbergerDirector
Lowell J NoteboomDirector
Marian GodfreyDirector
Mark JungDirector
Mary PattonDirector
Matthew VanbesienDirector
Nathaniel Sutton OutgoingDirector
Patricia a RichardsDirector
Penny Van HornDirector
Pratichi ShahDirector
Robert J WagnerDirector
Robert Levine OutgoingDirector
Tiffany AmmermanDirector
Trine SorensenDirector
Alan McintyreDirector/ex Officio
Ann Huntoon OutgoingDirector/ex Officio
Debbie Mckinney OutgoingDirector/ex Officio
Heather ClarkeDirector/ex Officio
Megen BaldaDirector/ex Officio
Sara MummeyDirector/ex Officio
David M RothDirector/secretary
Helen ShafferDirector/secretary
Burton AlterDirector/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,964,832
Program Service Revenue
$905,390
Investment Income
$122,994
Other Revenue
$15,113
All Other Contributions
$1,831,375
Change in Net Assets
$-2,072,543

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$82,777Fair Market Value (FMV)
Total Noncash Contributions5$82,777-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,008,329
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$317,201
Total Revenue per Audited Statements
$5,325,530
Total Revenue per Form 990
$5,008,329
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,095,325
Other Expenses$2,359,297
Grants and Similar Amounts Paid$1,626,250
Total Fundraising Expense$728,008
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,577,510--$1,577,510
Other Salaries and Wages$884,909$271,528$248,822$1,405,259
Current Officers, Directors, Trustees, and Key Employees$984,359$54,402$174,469$1,213,230
Occupancy$405,757$81,209$95,985$582,951
Fees for Services Other$322,957$147,552$8,538$479,047
Conferences and Meetings$335,165$23,388$31,225$389,778
Other Employee Benefits$198,448$49,294$58,919$306,661
Office Expenses$222,828$34,022$10,354$267,204
Information Technology$119,697$7,893$41,315$168,905
Payroll Taxes$117,727$22,047$26,075$165,849
Travel$140,316$10,717$7,838$158,871
Fees for Services Lobbying-$86,477-$86,477
Grants to Domestic Individuals$48,740--$48,740
Depreciation Depletion$14,746$12,497$12,574$39,817
Fees for Services Legal-$31,417-$31,417
Insurance$6,475$7,732$1,528$15,735
Fees for Service Investment Mgmnt Fees-$14,328-$14,328
Other Expenses$3,712$3,534$5,384$12,630
Pension Plan Contributions$3,014$644$668$4,326
Total Functional Expenses$5,424,036$928,828$728,008$7,080,872

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,110,448
Expenses per Audited Statements$7,080,872
Total Expenses per Form 990$7,080,872
Expenses Not Reported on Form 990$29,576
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Boston Symphony OrchestraBoston, MA501 (c)(3)FUTURE'S FUND GRANT$75,000
Dallas Symphony OrchestraDallas, TX501 (c)(3)FUTURE'S FUND GRANT$75,000
Detroit Symphony OrchestraDetroit, MI501 (c)(3)FUTURE'S FUND GRANT$75,000
Houston Symphony SocietyHouston, TX501 (c)(3)FUTURE'S FUND GRANT$75,000
Los Angeles PhilharmonicLos Angeles, CA501 (c)(3)FUTURE'S FUND GRANT$75,000
Minnesota Orchestra AssociationMinneapolis, MN501 (c)(3)FUTURE'S FUND GRANT$75,000
Nashville Symphony AssociationNashville, TN501 (c)(3)FUTURE'S FUND GRANT$75,000
New York PhilarmonicNew York, NY501 (c)(3)FUTURE'S FUND GRANT$75,000
San Diego Symphony OrchestraSan Diego, CA501 (c)(3)FUTURE'S FUND GRANT$75,000
San Francisco SymphonySan Francisco, CA501 (c)(3)FUTURE'S FUND GRANT$75,000
Seattle Symphony OrchestraSeattle, WA501 (c)(3)FUTURE'S FUND GRANT$75,000
American Composers OrchestraNew York, NY501 (c)(3)Women Composer Commission$45,000
Albany SymphonyAlbany, NY501 (c)(3)FUTURE'S FUND GRANT$40,000
Handel and Haydn SocietyBoston, MA501 (c)(3)FUTURE'S FUND GRANT$40,000
Knoxville Symphony SocietyKnoxville, TN501 (c)(3)FUTURE'S FUND GRANT$40,000
New Haven Symphony OrchestraNew Haven, CT501 (c)(3)FUTURE'S FUND GRANT$40,000
New World SymphonyMiami Beach, FL501 (c)(3)FUTURE'S FUND GRANT$40,000
ORCHESTRA OF ST LUKE'SNew York, NY501 (c)(3)FUTURE'S FUND GRANT$40,000
Oakland SymphonyOakland, CA501 (c)(3)FUTURE'S FUND GRANT$40,000
Pacific SymphonySanta Ana, CA501 (c)(3)FUTURE'S FUND GRANT$40,000
Portland Symphony OrchestraPortland, ME501 (c)(3)FUTURE'S FUND GRANT$40,000
Richmond SymphonyRichmond, VA501 (c)(3)FUTURE'S FUND GRANT$40,000
American Youth PhilharmonicAnnandale, VA501 (c)(3)FUTURE'S FUND GRANT$15,000
California Symphony OrchestraWalnut Creek, CA501 (c)(3)FUTURE'S FUND GRANT$15,000
Central Ohio SymphonyDelaware, OH501 (c)(3)FUTURE'S FUND GRANT$15,000
Chicago Youth Symphony OrchestrasChiacgo, IL501 (c)(3)FUTURE'S FUND GRANT$15,000
Contemporary Youth OrchestraCleveland, OH501 (c)(3)FUTURE'S FUND GRANT$15,000
El Paso Symphony OrcheestraEl Paso, TX501 (c)(3)FUTURE'S FUND GRANT$15,000
Empire State Youth OrchestraSchenectady, NY501 (c)(3)FUTURE'S FUND GRANT$15,000
Evansville PhilharmonicEvansville, IN501 (c)(3)FUTURE'S FUND GRANT$15,000
Fox Valley Symphony OrchestraAppleton, WI501 (c)(3)FUTURE'S FUND GRANT$15,000
Greensboro Symphony OrchestraGreensboro, NC501 (c)(3)FUTURE'S FUND GRANT$15,000
Inner City Youth Orchestra of Los AngelesLos Angeles, CA501 (c)(3)FUTURE'S FUND GRANT$15,000
Lima Symphony OrchestraLima, OH501 (c)(3)FUTURE'S FUND GRANT$15,000
Lubbock Symphony OrcheestraLubbock, TX501 (c)(3)FUTURE'S FUND GRANT$15,000
New Bedford Symphony OrchestraNew Bedford, MA501 (c)(3)FUTURE'S FUND GRANT$15,000
Project 440Philadelphia, PA501 (c)(3)FUTURE'S FUND GRANT$15,000
The Boston Modern OrchestraMalden, MA501 (c)(3)FUTURE'S FUND GRANT$15,000
Youth Orchestras of San AntonioSan Antonio, TX501 (c)(3)FUTURE'S FUND GRANT$15,000
Greater Akron Musical AssociationAkron, OH501 (c)(3)FUTURE'S FUND GRANT$6,000
Interschool Orchestras of New YorkNew York, NY501 (c)(3)FUTURE'S FUND GRANT$6,000
Northern Ohio Youth OrchestrasOberlin, OH501 (c)(3)FUTURE'S FUND GRANT$6,000
The Lexington PhilharmonicLexington, KY501 (c)(3)FUTURE'S FUND GRANT$6,000
Tulsa Symphony OrchestraTulsa, OK501 (c)(3)FUTURE'S FUND GRANT$6,000
Chicago SinfoniettaChicago, IL501 (c)(3)Fee for Conference Performance$5,010
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$105,843
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization is a membership organization.

Form 990, Part VI, Section A, Line 7A

Members are involved in governance decisions in regards to the election of board members.

Form 990, Part VI, Section B, Line 11B

Management reviews the 990 draft in detail before submitting it to the ceo who then reviews it in detail. Once approved by management, the draft 990 is the sent to the entire board with a comment period. Once the review period expires and, if there are no changes, the form is filed with the irs. If changes are required, the form is updated and filed with the irs prior to its due date.

Form 990, Part VI, Section B, Line 12C

A disclosure statement is distributed to all board members and collected annually and is discussed at the time that it is circulated. The league also investigates any conflict(s) that may be reported by any board member.

Form 990, Part VI, Section B, Line 15

A study was done to determine the proper compensation for the ceo when his contract was signed in 2008. The full board approved the contract. For other key employees hired during the year, the organization establishes salary levels that are comparable to the larger orchestras throughout the us. The full board also approves salaries of key employees.

Form 990, Part VI, Section C, Line 19

Financial statements appear on the league's website. Copies are also made available to all members at the league's annual meeting which is held during the annual conference. Copies are also available to the public upon request.

Filing and Contact Details

Filer

Filer Name
American Symphony Orchestra League
EIN
23-7300636
Phone
2122625161
Address
33 WEST 60TH STREET 5TH FLOOR, NEW YORK, NY 10023
Doing Business As
League of American Orchestras

Signing Officer

Name
Jesse Rosen
Title
Pres/CEO
Phone
2122625161
Signed
2019-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jesse Rosen
Formed
1962
Legal Domicile
Ny
Voting Board Members
49
Independent Board Members
41
Employees
38
Volunteers
49

Preparer

Firm
Marks Paneth Llp
Address
685 THIRD AVENUE, NEW YORK, NY 10017
Preparer
Magdalena M Czerniawski
Phone
2125038800
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Transportation benefts not deductible -29,576.

FORM 990, PART XII, LINE 2C:

There was no change from prior year.

Financial Statement Notes

PART V, LINE 4:

The league's endowment investment policy is to invest assets into investment instruments approved by the finance committee of the board of directors, or the investment committee subcommittee thereof, with the allocation of funds based upon specified target percentages (or range of target percentages) for each type of investment instrument. The overall investment objective is to maximize the total return from income (dividends and interest) and the appreciation of investments. Any income on the endowment funds and any increase in value over the historical dollar value at the time of the donation are generally transferred to general operating funds within the year earned for program purposes, including, where required, the purpose authorized by the relevant contributions to the endowment. Currently it is the policy of the board of directors that transfers from the endowment funds do not deplete the value of the endowment funds below historical dollar value at the time of donation.

PART X, LINE 2:

The league believes it has no uncertain tax positions as of june 30, 2018 and 2017, in accordance with accounting standards codification ("asc") topic 740 ("income taxes"), which provides standards for establishing and classifying any tax provisions for uncertain tax positions.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Transportation benefits not deductible 29,576.

Raw XML AppendixShowing 400 of 1,450 raw XML fields

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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IRS990/Desc0LEARNING AND LEADERSHIP DEVELOPMENTTHE LEAGUE OFFERS A VARIETY OF SEMINARS, FELLOWSHIPS, MENTORING CIRCLES, ONLINE LEARNING, AND MEETINGS THROUGH WHICH ORCHESTRA STAFF, BOARD MEMBERS, MUSICIANS, AND VOLUNTEERS CAN BUILD VALUABLE LEADERSHIP SKILLS TO ADDRESS THEIR ORCHESTRAS' SHORT- AND LONG-TERM CHALLENGES AND EVALUATE AND IMPROVE GOVERNANCE PRACTICE. THE ANNUAL NATIONAL CONFERENCE OFFERS ADDITIONAL OPPORTUNITIES FOR PROFESSIONAL DEVELOPMENT WHILE PROVIDING A FORUM TO DISCUSS EMERGING ISSUES AND TRENDS, EXCHANGE IDEAS, AND MODEL POSSIBLE SOLUTIONS TO COMMON PROBLEMS.
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