Civic Intelligence

Federal Way Symphony Orchestra

990 • Fiscal year 2017 • EIN 23-7310860

Jul 01, 2016 to Jun 30, 2017 • Filed on May 01, 2018

P O Box 4513Federal Way, WA 98063-4513

(253) 252-2693

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

65th percentile

11%

Higher net margin than 65% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

92nd percentile

122%

Faster asset growth than 92% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

75th percentile

25%

Faster revenue growth than 75% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$40,616

Up $22,302 (+122%) from 2016

Net Assets

Up

$40,616

Up $22,302 (+122%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$194,353

Up $38,565 (+25%) from 2016

Expenses

Down

$172,676

Down $28,977 (-14%) from 2016

Net Income

Up

$21,677

Up $67,542 (+147%) from 2016

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2011: $142,121Liabilities 2011: $0Net Assets 2011: $142,1212011Assets 2012: $171,347Liabilities 2012: $300Net Assets 2012: $171,0472012Assets 2014: $98,399Liabilities 2014: $0Net Assets 2014: $98,3992014Assets 2015: $64,179Liabilities 2015: $0Net Assets 2015: $64,1792015Assets 2016: $18,314Liabilities 2016: $0Net Assets 2016: $18,3142016Assets 2017: $40,616Liabilities 2017: $0Net Assets 2017: $40,6162017Assets 2018: $35,060Liabilities 2018: $0Net Assets 2018: $35,0602018Assets 2019: $23,483Liabilities 2019: $13,000Net Assets 2019: $10,4832019Assets 2020: $47,112Liabilities 2020: $24,272Net Assets 2020: $22,8402020Assets 2022: $40,387Liabilities 2022: $0Net Assets 2022: $40,3872022Assets 2025: $53,738Liabilities 2025: $3,118Net Assets 2025: $50,6202025

Highlighted filing

2017

Assets$40,616
Liabilities$0
Net Assets$40,616

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2011: $190,1142011Expenses 2012: $195,5542012Revenue 2014: $130,773Expenses 2014: $201,544Net Income 2014: -$70,7712014Revenue 2015: $162,376Expenses 2015: $196,596Net Income 2015: -$34,2202015Revenue 2016: $155,788Expenses 2016: $201,653Net Income 2016: -$45,8652016Revenue 2017: $194,353Expenses 2017: $172,676Net Income 2017: $21,6772017Revenue 2018: $212,133Expenses 2018: $218,136Net Income 2018: -$6,0032018Revenue 2019: $201,114Expenses 2019: $225,691Net Income 2019: -$24,5772019Revenue 2020: $125,972Expenses 2020: $113,843Net Income 2020: $12,1292020Revenue 2022: $169,390Expenses 2022: $151,485Net Income 2022: $17,9052022Revenue 2025: $184,404Expenses 2025: $151,761Net Income 2025: $32,6432025

Highlighted filing

2017

Revenue$194,353
Expenses$172,676
Net Income$21,677
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 1, 2018
Return Version
2016v3.1
Gross Receipts
$194,353
Mission and Program Overview

Mission

Provide the finest in live symphonic music to entertain, educate, and enrich audiences of all ages to bring high-quality approachable music to the south sound region.

Provide the finest in live symphonic music to entertain, educate, and enrich audiences of all ages in the greater federal way area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$15,489$30,276▲ $14,787
Accounts Receivable$2,825$10,340▲ $7,515
Total Assets$18,314$40,616▲ $22,302
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$18,314$40,616▲ $22,302
Total Net Assets Fund Balance$18,314$40,616▲ $22,302
Total Liabilities and Net Assets / Fund Balance$18,314$40,616▲ $22,302

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$53,995$53,995
Compensation and Service Providers

Board Members and Trustees

NameTitle
RENE' EWINGPresident
Donna BergerDirector
Kathi VillaruzDirector
Kathleen MurrayDirector
Kathryn MurphyDirector
Luana Joslin-lesterDirector
Susan WhiteDirector
Yong AndersonDirector
David BruellPast Preside
Jennie HendrieSecretary
John GibsonTreasurer
Kathi FerrariVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$77,920
Program Service Revenue
$116,433
Investment Income
$0
Other Revenue
$0
All Other Contributions
$24,091
Change in Net Assets
$21,677
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$154,001
Salaries, Compensation, and Employee Benefits$18,675
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$86,393--$86,393
Other Salaries and Wages$17,246--$17,246
Other Expenses$11,500--$11,500
All Other Expenses$8,594--$8,594
Insurance$1,751--$1,751
Payroll Taxes$1,429--$1,429
Advertising$1,421--$1,421
Depreciation Depletion$625--$625
Total Functional Expenses$172,676$0$0$172,676
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
No
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
No
Other officer compensation reviewed
No
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 11B

The form 990 is reviewed by corporate officers before being submitted to the irs.

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

Corporate officers review the conflict of interest policy annually.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Federal Way Symphony
EIN
23-7310860
Phone
2532522693
Address
P O BOX 4513, FEDERAL WAY, WA 98063-4513

Signing Officer

Name
Kathi Ferrari
Title
Vice President
Phone
2532522693
Signed
2018-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathi Ferrari
Formed
1972
Legal Domicile
Wa
Voting Board Members
16
Independent Board Members
16
Employees
1
Volunteers
70

Preparer

Firm
Hale & Associates Ps
Address
16300 CHRISTENSEN RD STE 320, TUKWILA, WA 98188-3421
Preparer
Mark Hale CPA
Phone
2068350200
Supplemental Narrative

Additional Explanations

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

The federal way symphony presented concerts and program activities

Form 990, Part IX, Line 11G

Artistic personnel 86,393 0 0

Form 990, Part XI, Line 9

Book / tax depreciation difference 625

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FEDERAL WAY SYMPHONY PRESENTED CONCERTS AND PROGRAM ACTIVITIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY CORPORATE OFFICERS BEFORE BEING SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CORPORATE OFFICERS REVIEW THE CONFLICT OF INTEREST POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ARTISTIC PERSONNEL 86,393 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOOK / TAX DEPRECIATION DIFFERENCE 625
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt018314
IRS990/TotalAssetsEOYAmt040616
IRS990/TotalAssetsGrp/BOYAmt018314
IRS990/TotalAssetsGrp/EOYAmt040616
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IRS990/TotalContributionsAmt077920
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0172676
IRS990/TotalFunctionalExpensesGrp/TotalAmt0172676
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt018314
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt040616
IRS990/TotalOtherProgSrvcExpenseAmt0625
IRS990/TotalProgramServiceExpensesAmt0172676
IRS990/TotalProgramServiceRevenueAmt0116433
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0116433
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0194353
IRS990/TotalVolunteersCnt070
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt018314
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt040616
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt018314
IRS990/UnrestrictedNetAssetsGrp/EOYAmt040616
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WebsiteAddressTxt0WWW.FEDERALWAYSYMPHONY.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHI FERRARI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02532522693
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FEDERAL WAY SYMPHONY
ReturnHeader/Filer/BusinessNameControlTxt0FEDE
ReturnHeader/Filer/EIN0237310860
ReturnHeader/Filer/PhoneNum02532522693
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 4513
ReturnHeader/Filer/USAddress/CityNm0FEDERAL WAY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd0980634513
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C6C365C658F0C9CA692ED1B9D5AFE87F6D25C21D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C6C365C658F0C9CA692ED1B9D5AFE87F6D25C21D
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0475398159
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HALE & ASSOCIATES PS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt016300 CHRISTENSEN RD STE 320
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TUKWILA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0981883421
ReturnHeader/PreparerPersonGrp/PhoneNum02068350200
ReturnHeader/PreparerPersonGrp/PreparationDt02018-04-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK HALE CPA
ReturnHeader/ReturnTs02018-05-10T09:21:18-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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