Civic Intelligence

CIVIC Music Association Des Moines

990 • Fiscal year 2022 • EIN 23-7334841

Jun 01, 2021 to May 31, 2022 • Filed on Jan 20, 2023

900 Keosauqua Way Ste 113Des Moines, IA 50309

(515) 218-9922

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.03x

Higher debt load relative to assets than 42% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

52nd percentile

0.09x

Higher debt load relative to revenue than 52% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

74th percentile

23%

Higher net margin than 74% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

45th percentile

$39,469

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

17th percentile

-12%

Faster asset growth than 17% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

79th percentile

42%

Faster revenue growth than 79% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$1,903,874

Down $253,836 (-12%) from 2021

Net Assets

Down

$1,837,877

Down $190,416 (-9.4%) from 2021

Liabilities

Down

$65,997

Down $63,420 (-49%) from 2021

Revenue

Up

$722,778

Up $212,262 (+42%) from 2021

Expenses

Up

$555,999

Up $222,940 (+67%) from 2021

Net Income

Down

$166,779

Down $10,678 (-6.0%) from 2021

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2013: $783,363Liabilities 2013: $137,356Net Assets 2013: $646,0072013Assets 2014: $823,395Liabilities 2014: $140,174Net Assets 2014: $683,2212014Assets 2015: $1,088,410Liabilities 2015: $147,060Net Assets 2015: $941,3502015Assets 2017: $1,204,968Liabilities 2017: $65,867Net Assets 2017: $1,139,1012017Assets 2018: $1,417,121Liabilities 2018: $113,876Net Assets 2018: $1,303,2452018Assets 2020: $1,642,961Liabilities 2020: $66,665Net Assets 2020: $1,576,2962020Assets 2021: $2,157,710Liabilities 2021: $129,417Net Assets 2021: $2,028,2932021Assets 2022: $1,903,874Liabilities 2022: $65,997Net Assets 2022: $1,837,8772022Assets 2025: $4,021,222Liabilities 2025: $135,388Net Assets 2025: $3,885,8342025

Highlighted filing

2022

Assets$1,903,874
Liabilities$65,997
Net Assets$1,837,877

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2013: $351,4312013Revenue 2014: $400,111Expenses 2014: $415,684Net Income 2014: -$15,5732014Revenue 2015: $626,881Expenses 2015: $415,987Net Income 2015: $210,8942015Revenue 2017: $642,279Expenses 2017: $451,848Net Income 2017: $190,4312017Revenue 2018: $570,622Expenses 2018: $434,110Net Income 2018: $136,5122018Revenue 2020: $707,998Expenses 2020: $456,140Net Income 2020: $251,8582020Revenue 2021: $510,516Expenses 2021: $333,059Net Income 2021: $177,4572021Revenue 2022: $722,778Expenses 2022: $555,999Net Income 2022: $166,7792022Revenue 2025: $2,198,391Expenses 2025: $486,098Net Income 2025: $1,712,2932025

Highlighted filing

2022

Revenue$722,778
Expenses$555,999
Net Income$166,779
Jump To
Filing Snapshot
Filing Period
Jun 1, 2021 to May 31, 2022
Signed
Jan 20, 2023
Return Version
2021v4.0
Gross Receipts
$738,790
Mission and Program Overview

Mission

The mission of cma is to engage, enrich and educate the central iowa community through provocative, world-class musical performances by legends and rising stars. Cma is governed by a volunteer board of directors and has an annual operating budget exceeding 450,000. Cma presents a seven concert season featuring national and international classical and jazz artists. Through its cma studio program cma, contracts these performing artists to present educational events in the community concurrent with their concerts. In addition cma manages the belin quartet, a string quartet funded through a foundation created by the belin family, which performs free chamber music concerts in the community and also offers free education and outreach programs for area schools, youth agencies, retirement homes and community events.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,952,398$1,760,483▼ $191,915
Cash and Non-Interest-Bearing Accounts$198,912$132,413▼ $66,499
Accounts Receivable$6,400$5,978▼ $422
Prepaid Expenses and Deferred Charges-$5,000-
Total Assets$2,157,710$1,903,874▼ $253,836
Liabilities
Deferred Revenue$123,415$39,291▼ $84,124
Accounts Payable and Accrued Expenses$6,002$26,706▲ $20,704
Total Liabilities$129,417$65,997▼ $63,420
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,116,018$1,046,807▼ $69,211
Net Assets With Donor Restrictions$912,275$791,070▼ $121,205
Total Net Assets Fund Balance$2,028,293$1,837,877▼ $190,416
Total Liabilities and Net Assets / Fund Balance$2,157,710$1,903,874▼ $253,836

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$17,187$17,187
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Peter Stevenson Left June 2021Executive DiFT$32,724$6,745$39,469
Brian CoyleExecutive DiFT$6,154-$6,154
Revenue and Support

Revenue Composition

Contributions and Grants
$381,574
Program Service Revenue
$141,923
Investment Income
$199,281
Other Revenue
$0
All Other Contributions
$381,574
Change in Net Assets
$166,779
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$453,278
Salaries, Compensation, and Employee Benefits$102,721
Total Fundraising Expense$18,300
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$73,364-$73,364
Other Salaries and Wages$36,269$19,529-$55,798
Advertising$49,964--$49,964
Current Officers, Directors, Trustees, and Key Employees$20,575$11,079-$31,654
Travel$19,462--$19,462
Other Expenses$18,965-$18,300$18,965
Office Expenses-$17,854-$17,854
Payroll Taxes$8,485$4,569-$13,054
All Other Expenses$9,447$90-$9,537
Fees for Services Management-$7,400-$7,400
Occupancy-$6,566-$6,566
Fees for Services Accounting-$5,750-$5,750
Insurance-$4,040-$4,040
Other Employee Benefits$1,440$775-$2,215
Total Functional Expenses$386,683$151,016$18,300$555,999
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
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
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

Tax return is reviewed by the governing body for completeness and accuracy before it is filed with the internal revenue service.

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

Reviewed with board members annually

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

BASED ON PERFORMANCE

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Civic Music Association Des Moines
EIN
23-7334841
Address
900 KEOSAUQUA WAY STE 113, DES MOINES, IA 50309

Signing Officer

Name
Brian Coyle
Title
Executive Director
Phone
5152804020
Signed
2023-01-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Coyle
Voting Board Members
18
Independent Board Members
18
Employees
4
Volunteers
20

Preparer

Firm
Forge Financial & Management Consulting
Address
1245 JORDAN CREEK PKWY STE 100, WEST DES MOINES, IA 50266-2343
Preparer
Dan Montgomery CPA
Phone
5156203050
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of cma is to engage, enrich and educate the central iowa community through provocative, world-class musical performances by legends and rising stars. Cma is governed by a volunteer board of directors and has an annual operating budget exceeding 450,000. Cma presents a seven concert season featuring national and international classical and jazz artists. Through its cma studio program cma, contracts these performing artists to present educational events in the community concurrent with their concerts. In addition cma manages the belin quartet, a string quartet funded through a foundation created by the belin family, which performs free chamber music concerts in the community and also offers free education and outreach programs for area schools, youth agencies, retirement homes and community events.

Form 990, Part IX, Line 11G

Contractor fees 0 73,364 0

Financial Statement Notes

Schedule D, Page 3, Part X

The civic music association of des moines being a not-for-profit organization under section 501(c)(3) of the internal revenue code is exempt from federal income tax. None of its present or anticipated future activities are subject to taxation as unrelated business income; therefore, no provision for income taxes has been made in the accompanying financial statements. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt72ND VICE PRE
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IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt191ST VICE PRE
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
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IRS990/MissionDesc0THE MISSION OF CMA IS TO ENGAGE, ENRICH AND EDUCATE THE CENTRAL IOWA COMMUNITY THROUGH PROVOCATIVE, WORLD-CLASS MUSICAL PERFORMANCES BY LEGENDS AND RISING STARS. CMA IS GOVERNED BY A VOLUNTEER BOARD OF DIRECTORS AND HAS AN ANNUAL OPERATING BUDGET EXCEEDING 450,000. CMA PRESENTS A SEVEN CONCERT SEASON FEATURING NATIONAL AND INTERNATIONAL CLASSICAL AND JAZZ ARTISTS. THROUGH ITS CMA STUDIO PROGRAM CMA, CONTRACTS THESE PERFORMING ARTISTS TO PRESENT EDUCATIONAL EVENTS IN THE COMMUNITY CONCURRENT WITH THEIR CONCERTS. IN ADDITION CMA MANAGES THE BELIN QUARTET, A STRING QUARTET FUNDED THROUGH A FOUNDATION CREATED BY THE BELIN FAMILY, WHICH PERFORMS FREE CHAMBER MUSIC CONCERTS IN THE COMMUNITY AND ALSO OFFERS FREE EDUCATION AND OUTREACH PROGRAMS FOR AREA SCHOOLS, YOUTH AGENCIES, RETIREMENT HOMES AND COMMUNITY EVENTS.
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IRS990/PrincipalOfficerNm0BRIAN COYLE
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE BELIN QUARTET WAS ESTABLISHED IN THE YEAR 2000 BY A GRANT TO THE CIVIC MUSIC ASSOCIATION FROM THE IOWA FOUNDATION FOR EDUCATION, ENVIRONMENT, AND THE ARTS, A CHARITABLE FOUNDATION CREATED BY DAVID BELIN. HIS VISION THAT THE WHOLE COMMUNITY SHOULD HAVE THE OPPORTUNITY TO SHARE THE JOYS OF CLASSICAL MUSIC IS REALIZED THROUGH THE BELIN QUARTET. EACH YEAR THE QUARTET ENTERTAINS OVER 1000 PEOPLE AT ITS INDOOR AND OUTDOOR LUNCHTIME CONCERTS. ADDITIONALLY THEY ANNUALLY PERFORM TO MORE THAN 500 STUDENTS AND SENIOR CITIZENS IN AREA SCHOOLS AND THE WESLEY RETIREMENT COMMUNITY.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CIVIC MUSIC ASSOCIATION OF DES MOINES BEING A NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE IS EXEMPT FROM FEDERAL INCOME TAX. NONE OF ITS PRESENT OR ANTICIPATED FUTURE ACTIVITIES ARE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME; THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X

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