Civic Intelligence

International Trombone Association

990 • Fiscal year 2014 • EIN 23-7306397

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 27, 2015

PO Box 850Norman, OK 73070

(888) 236-6241

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.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

63rd percentile

0.01x

Higher debt load relative to revenue than 63% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

66th percentile

11%

Higher net margin than 66% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

76th percentile

$4,485

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

60th percentile

8.5%

Faster asset growth than 60% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

46th percentile

-0.4%

Faster revenue growth than 46% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$347,929

Up $27,323 (+8.5%) from 2013

Net Assets

Up

$345,746

Up $31,168 (+9.9%) from 2013

Liabilities

Down

$2,183

Down $3,845 (-64%) from 2013

Revenue

Down

$201,115

Down $901 (-0.4%) from 2013

Expenses

Down

$178,963

Down $5,000 (-2.7%) from 2013

Net Income

Up

$22,152

Up $4,099 (+23%) from 2013

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2012: $302,974Liabilities 2012: $14,116Net Assets 2012: $288,8582012Assets 2013: $320,606Liabilities 2013: $6,028Net Assets 2013: $314,5782013Assets 2014: $347,929Liabilities 2014: $2,183Net Assets 2014: $345,7462014Assets 2015: $381,398Liabilities 2015: $9,630Net Assets 2015: $371,7682015Assets 2016: $409,124Liabilities 2016: $4,550Net Assets 2016: $404,5742016Assets 2017: $458,487Liabilities 2017: $1,268Net Assets 2017: $457,2192017Assets 2018: $475,742Liabilities 2018: $33,150Net Assets 2018: $442,5922018Assets 2019: $574,264Liabilities 2019: $208Net Assets 2019: $574,0562019Assets 2020: $625,534Liabilities 2020: $11,668Net Assets 2020: $613,8662020Assets 2021: $680,156Liabilities 2021: $13,466Net Assets 2021: $666,6902021Assets 2022: $599,872Liabilities 2022: $21,745Net Assets 2022: $578,1272022Assets 2023: $675,120Liabilities 2023: $13,028Net Assets 2023: $662,0922023Assets 2024: $815,548Liabilities 2024: $13,175Net Assets 2024: $802,3732024

Highlighted filing

2014

Assets$347,929
Liabilities$2,183
Net Assets$345,746

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2012: $187,9572012Revenue 2013: $202,016Expenses 2013: $183,963Net Income 2013: $18,0532013Revenue 2014: $201,115Expenses 2014: $178,963Net Income 2014: $22,1522014Revenue 2015: $209,662Expenses 2015: $177,480Net Income 2015: $32,1822015Revenue 2016: $183,939Expenses 2016: $166,454Net Income 2016: $17,4852016Revenue 2017: $184,307Expenses 2017: $160,225Net Income 2017: $24,0822017Revenue 2018: $374,464Expenses 2018: $358,976Net Income 2018: $15,4882018Revenue 2019: $506,874Expenses 2019: $428,003Net Income 2019: $78,8712019Revenue 2020: $175,746Expenses 2020: $163,496Net Income 2020: $12,2502020Revenue 2021: $354,283Expenses 2021: $348,030Net Income 2021: $6,2532021Revenue 2022: $405,328Expenses 2022: $416,531Net Income 2022: -$11,2032022Revenue 2023: $427,620Expenses 2023: $390,077Net Income 2023: $37,5432023Revenue 2024: $518,728Expenses 2024: $421,925Net Income 2024: $96,8032024

Highlighted filing

2014

Revenue$201,115
Expenses$178,963
Net Income$22,152
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 27, 2015
Return Version
2014v5.0
Gross Receipts
$201,115
Mission and Program Overview

Mission

The international trombone association shall promote, nurture and celebrate the trombone and trombone related activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$139,327$153,673▲ $14,346
Cash and Non-Interest-Bearing Accounts$144,868$148,227▲ $3,359
Savings and Temporary Cash Investments$26,218$37,124▲ $10,906
Accounts Receivable$10,193$8,905▼ $1,288
Total Assets$320,606$347,929▲ $27,323
Liabilities
Accounts Payable and Accrued Expenses$6,028$2,183▼ $3,845
Total Liabilities$6,028$2,183▼ $3,845
Net Assets / Fund Balance
Unrestricted Net Assets$314,578$345,746▲ $31,168
Total Net Assets Fund Balance$314,578$345,746▲ $31,168
Total Liabilities and Net Assets / Fund Balance$320,606$347,929▲ $27,323

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$165,545$10,903▲ $14,349-$190,797
2013$135,603$12,368▲ $17,574-$165,545
2012$124,335$4,245▲ $7,023-$135,603
2011$104,153$10,670▲ $9,512-$124,335
2010$96,891$5,184▲ $2,078-$104,153
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Matt HortonOperations DPT$4,485$4,485

Board Members and Trustees

NameTitle
Chris HouldingChair
Bradley PalmerVice-chair
Magnus NilssonExecutive Di
Christopher ShookSecretary-tr
Revenue and Support

Revenue Composition

Contributions and Grants
$9,603
Program Service Revenue
$179,438
Investment Income
$5,284
Other Revenue
$6,790
All Other Contributions
$9,603
Change in Net Assets
$22,152
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$178,963
Total Fundraising Expense$504
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$27,985$6,958-$34,943
All Other Expenses$15,606$7,339$504$23,449
Other Expenses$6,844$9,100-$6,844
Fees for Services Accounting-$5,195-$5,195
Insurance-$1,752-$1,752
Royalties$1,362--$1,362
Occupancy$1,248--$1,248
Advertising$643--$643
Travel$500--$500
Total Functional Expenses$108,150$70,309$504$178,963
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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, Page 6, Part VI, Line 6

YES

Form 990, Page 6, Part VI, Line 11B

A draft of the form 990 is provided to the board for approval via email before filing.

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

The conflict of interest policy is addressed at every executive board meeting. New board and committee members are required to sign the ita conflict of interest statement.

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

The executive director's annual compensation is set by the ita executive board.

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

Key employee compensations are set by the executive director with approval of the executive board.

Form 990, Page 6, Part VI, Line 19

All annual general meeting minutes, policies and financial statements are available for download to the general public on the ita website.

Filing and Contact Details

Filer

Filer Name
International Trombone Association
EIN
23-7306397
Phone
8882366241
Address
PO BOX 850, NORMAN, OK 73070

Signing Officer

Name
Chris Shook
Title
Secretary-treasurer
Phone
8882366241
Signed
2015-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Magnus Nilsson
Formed
1973
Legal Domicile
Tn
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
28

Preparer

Firm
Seber Tans Plc
Address
555 W CROSSTOWN PARKWAY STE 304, KALAMAZOO, MI 49008
Preparer
Jennifer Holder
Phone
2693438180
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Other exempt purpose accomplishments include awards, festival, archives, ita press, commissions, and cd production.

Form 990, Part IX, Line 24E

Development 0 4,590 0 prizes 4,000 0 0 miscellaneous 2,700 410 0 registration 2,600 0 0 bank and credit card fees 0 2,192 0 accompanists 2,000 0 0 membership fee 1,672 0 0 commissions 1,500 0 0 hosting 1,134 0 0 fundraising 0 0 504 telephone 0 147 0

Financial Statement Notes

Schedule D, Page 1, Part III, Line 1A

Collections consist of historical trombone-related materials including administrative documents, sound recordings and video recordings, musical instruments, audio recording and playback equipment, and professional papers of distinguished association members. Collections acquired either through purchase or donation are not capitalized. Purchases of collection items are recorded as decreases in unrestricted net assets. Contributions of collection items are not recognized in the statement of activities. Donations and acquisitions of collections are not required to be recognized since they are added to collections that are held for public exhibition and education in furtherance of public service rather than financial gain; are protected, kept unencumbered, cared for, and preserved; and are subject to a policy that requires the proceeds from sales of collection items to be used to acquire other items for collections.

Schedule D, Page 2, Part III, Line 4

Collections consist of historical trombone-related materials including administrative documents, sound recordings and video recordings, musical instruments, audio recording and playback equipment, and professional papers of distinguished association members. The collections are held for public exhibition and education in furtherance of public service.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COLLECTIONS CONSIST OF HISTORICAL TROMBONE-RELATED MATERIALS INCLUDING ADMINISTRATIVE DOCUMENTS, SOUND RECORDINGS AND VIDEO RECORDINGS, MUSICAL INSTRUMENTS, AUDIO RECORDING AND PLAYBACK EQUIPMENT, AND PROFESSIONAL PAPERS OF DISTINGUISHED ASSOCIATION MEMBERS. COLLECTIONS ACQUIRED EITHER THROUGH PURCHASE OR DONATION ARE NOT CAPITALIZED. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENT OF ACTIVITIES. DONATIONS AND ACQUISITIONS OF COLLECTIONS ARE NOT REQUIRED TO BE RECOGNIZED SINCE THEY ARE ADDED TO COLLECTIONS THAT ARE HELD FOR PUBLIC EXHIBITION AND EDUCATION IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN; ARE PROTECTED, KEPT UNENCUMBERED, CARED FOR, AND PRESERVED; AND ARE SUBJECT TO A POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF COLLECTION ITEMS TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COLLECTIONS CONSIST OF HISTORICAL TROMBONE-RELATED MATERIALS INCLUDING ADMINISTRATIVE DOCUMENTS, SOUND RECORDINGS AND VIDEO RECORDINGS, MUSICAL INSTRUMENTS, AUDIO RECORDING AND PLAYBACK EQUIPMENT, AND PROFESSIONAL PAPERS OF DISTINGUISHED ASSOCIATION MEMBERS. THE COLLECTIONS ARE HELD FOR PUBLIC EXHIBITION AND EDUCATION IN FURTHERANCE OF PUBLIC SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 1, PART III, LINE 1A
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 2, PART III, LINE 4
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER EXEMPT PURPOSE ACCOMPLISHMENTS INCLUDE AWARDS, FESTIVAL, ARCHIVES, ITA PRESS, COMMISSIONS, AND CD PRODUCTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT OF THE FORM 990 IS PROVIDED TO THE BOARD FOR APPROVAL VIA EMAIL BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS ADDRESSED AT EVERY EXECUTIVE BOARD MEETING. NEW BOARD AND COMMITTEE MEMBERS ARE REQUIRED TO SIGN THE ITA CONFLICT OF INTEREST STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE EXECUTIVE DIRECTOR'S ANNUAL COMPENSATION IS SET BY THE ITA EXECUTIVE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5KEY EMPLOYEE COMPENSATIONS ARE SET BY THE EXECUTIVE DIRECTOR WITH APPROVAL OF THE EXECUTIVE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL ANNUAL GENERAL MEETING MINUTES, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE FOR DOWNLOAD TO THE GENERAL PUBLIC ON THE ITA WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DEVELOPMENT 0 4,590 0 PRIZES 4,000 0 0 MISCELLANEOUS 2,700 410 0 REGISTRATION 2,600 0 0 BANK AND CREDIT CARD FEES 0 2,192 0 ACCOMPANISTS 2,000 0 0 MEMBERSHIP FEE 1,672 0 0 COMMISSIONS 1,500 0 0 HOSTING 1,134 0 0 FUNDRAISING 0 0 504 TELEPHONE 0 147 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 24E
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0INTERNATIONAL TROMBONE FESTIVAL INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0300235817
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0COPPELL
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