Civic Intelligence

Symphony Park Master Association Inc

990 • Fiscal year 2014 • EIN 27-1958496

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 31, 2015

495 South Main Street 6th FloorLas Vegas, NV 89101

(702) 229-1020

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

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

2014 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

21st percentile

0.00x

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

2014 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2014

Net Margin

2nd percentile

-155%

Higher net margin than 2% of similar nonprofits.

2014 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

57th percentile

$0

Higher top officer pay than 57% of similar nonprofits.

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

2014 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

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

Source year 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Assets

$1,554,123

No earlier filing loaded for comparison.

Net Assets

$1,554,123

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$75,538

No earlier filing loaded for comparison.

Expenses

$192,895

No earlier filing loaded for comparison.

Net Income

-$117,357

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.

$2.0M$1.5M$1.0M$500K$0Assets 2014: $1,554,123Liabilities 2014: $0Net Assets 2014: $1,554,1232014Assets 2015: $1,475,569Liabilities 2015: $0Net Assets 2015: $1,475,5692015Assets 2016: $1,348,863Liabilities 2016: $0Net Assets 2016: $1,348,8632016Assets 2017: $1,220,215Liabilities 2017: $0Net Assets 2017: $1,220,2152017Assets 2018: $1,101,394Liabilities 2018: $0Net Assets 2018: $1,101,3942018Assets 2019: $1,041,511Liabilities 2019: $11,000Net Assets 2019: $1,030,5112019Assets 2020: $945,837Liabilities 2020: $7,998Net Assets 2020: $937,8392020Assets 2021: $821,690Liabilities 2021: $0Net Assets 2021: $821,6902021Assets 2022: $699,562Liabilities 2022: $8,000Net Assets 2022: $691,5622022Assets 2023: $594,228Liabilities 2023: $16,000Net Assets 2023: $578,2282023Assets 2024: $477,968Liabilities 2024: $8,001Net Assets 2024: $469,9672024

Highlighted filing

2014

Assets$1,554,123
Liabilities$0
Net Assets$1,554,123

Operations Trend

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

$200K$100K$0-$100K-$200KRevenue 2014: $75,538Expenses 2014: $192,895Net Income 2014: -$117,3572014Revenue 2015: $92,074Expenses 2015: $170,628Net Income 2015: -$78,5542015Revenue 2016: $24,696Expenses 2016: $151,402Net Income 2016: -$126,7062016Revenue 2017: $21,437Expenses 2017: $150,085Net Income 2017: -$128,6482017Revenue 2018: $32,209Expenses 2018: $151,030Net Income 2018: -$118,8212018Revenue 2019: $73,159Expenses 2019: $144,042Net Income 2019: -$70,8832019Revenue 2020: $42,720Expenses 2020: $135,392Net Income 2020: -$92,6722020Revenue 2021: $47,178Expenses 2021: $163,327Net Income 2021: -$116,1492021Revenue 2022: $38,035Expenses 2022: $168,163Net Income 2022: -$130,1282022Revenue 2023: $70,858Expenses 2023: $184,192Net Income 2023: -$113,3342023Revenue 2024: $68,648Expenses 2024: $176,909Net Income 2024: -$108,2612024

Highlighted filing

2014

Revenue$75,538
Expenses$192,895
Net Income-$117,357
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 31, 2015
Return Version
2014v5.0
Gross Receipts
$75,538
Mission and Program Overview

Mission

SPMA constructed a park on 2 parcels of land deeded to them by City Parkway V, Inc an affiliate of the City of Las Vegas. The park preserves and beautifies the areas around the surrounding commercial developments. SPMA is responsible for maintaining and operating the park.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,671,480$1,554,123▼ $117,357
Land, Buildings, and Equipment, Net$1,579,820$1,421,838▼ $157,982
Cash and Non-Interest-Bearing Accounts$91,660$93,429▲ $1,769
Savings and Temporary Cash Investments-$38,856-
Total Assets$1,671,480$1,554,123▼ $117,357
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,671,480$1,554,123▼ $117,357
Total Liabilities and Net Assets / Fund Balance$1,671,480$1,554,123▼ $117,357

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,421,838$425,816$1,847,654
Compensation and Service Providers

Board Members and Trustees

NameTitle
Scott D AdamsPresidentDirector
William ArentSecretaryDirector
Mark VincentTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$75,515
Program Service Revenue
$0
Investment Income
$23
Other Revenue
$0
Change in Net Assets
$-117,357
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$192,895
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$157,982--$157,982
Insurance$13,177--$13,177
Other Expenses$5,675--$5,675
All Other Expenses$32--$32
Total Functional Expenses$192,895$0$0$192,895
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

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

Officer directors etc family relationship Part VI line 2

All of the officers and directors are employees of the City of Las Vegas, a political subdivision of the State of Nevada.

Management duties delegation Part VI line 3

Management duties may be dilegated to employees of the City of Las Vegas as the Officers and Directors see fit as Symphony Park has no management or clerical staff on payroll.

Members or stockholder classes and rights Part VI line 6

The association collected association dues from all members during 2014. As commercial parcels surrounding the park are acquired and developed by others in the future, they will be added as members. There is (1) membership per parcel. Each parcel (member) shall be allocated the number of votes corresponding to the number of Equivalent Units assigned to the Parcel in accordance with the formula set forth in Exhibit D of the Symphony Park Community Charter.

Member election for additional members Part VI line 7A

As commercial parcels surrounding the park are acquired by others in the future, they will be added as members. There will be one (1) membership per parcel. Each parcel (member) shall be allocated the number of votes corresponding to the number of Equivalent Units assigned to the Parcel in accordance with the formula set forth in Exhibit D of the Symphony Park Community Charter. The dues for 2014 were paid based on this equivilent units calulation in 2014 and will be used for future years dues calculations and budgeting purposes.

Form 990 governing body review Part VI line 11

The govening body meetd, review the 990 including all forms and schdules, record written confirmation signed by all members of the governing board that it is correct to the best of their knowledge and approved for filing. The President then signs the efile authorization and the return is efile with the IRS efile system.

Governing documents etc available to public Part VI line 19

The governing documents were recorded with the Clark County recorder (instrument 201202090001635) on February 9, 2012. The First Amendment to Amended and Restated Community Charter for Symphony Park was recorded with the Clark County recorder (instrument 201305020000995) on May 2, 2013.

Filing and Contact Details

Filer

Filer Name
Symphony Park Master Association Inc
EIN
27-1958496
Address
495 South Main Street 6th Floor, Las Vegas, NV 89101

Signing Officer

Name
Scott D Adams
Title
PresidentDirec
Phone
7022291020
Signed
2015-07-31
Discuss with paid preparer
No

Organization Details

Formed
2008
Legal Domicile
Nv
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Jacquelyn Stephens CPA
Address
330 East Warm Springs Road, Las Vegas, NV 89119
Preparer
Jacquelyn Stephens
Phone
7028232415
Raw XML Appendix262 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/CYGrantsAndSimilarPaidAmt00
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IRS990/Desc0The Association completed construction on the park and opened to the public in April of 2012. During 2014 the association received $75,515 from quarterly assessments. The Association had operating expenses as reported above and increased reserves by scheduled amounts for future repairs maintenance and replacements in the park. The association received quarterly assessments from 3 commercial tenants during 2014. The parks major annual expenses are for depreciation, insurance, landscape maintenance and utilities.
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IRS990/Form990ProvidedToGvrnBodyInd0true
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IRS990/MethodOfAccountingAccrualInd0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All of the officers and directors are employees of the City of Las Vegas, a political subdivision of the State of Nevada.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Management duties may be dilegated to employees of the City of Las Vegas as the Officers and Directors see fit as Symphony Park has no management or clerical staff on payroll.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The association collected association dues from all members during 2014. As commercial parcels surrounding the park are acquired and developed by others in the future, they will be added as members. There is (1) membership per parcel. Each parcel (member) shall be allocated the number of votes corresponding to the number of Equivalent Units assigned to the Parcel in accordance with the formula set forth in Exhibit D of the Symphony Park Community Charter.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3As commercial parcels surrounding the park are acquired by others in the future, they will be added as members. There will be one (1) membership per parcel. Each parcel (member) shall be allocated the number of votes corresponding to the number of Equivalent Units assigned to the Parcel in accordance with the formula set forth in Exhibit D of the Symphony Park Community Charter. The dues for 2014 were paid based on this equivilent units calulation in 2014 and will be used for future years dues calculations and budgeting purposes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The govening body meetd, review the 990 including all forms and schdules, record written confirmation signed by all members of the governing board that it is correct to the best of their knowledge and approved for filing. The President then signs the efile authorization and the return is efile with the IRS efile system.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The governing documents were recorded with the Clark County recorder (instrument 201202090001635) on February 9, 2012. The First Amendment to Amended and Restated Community Charter for Symphony Park was recorded with the Clark County recorder (instrument 201305020000995) on May 2, 2013.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Management duties delegation Part VI line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
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IRS990/WebsiteAddressTxt0www.symphonypark.com
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ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Scott D Adams
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PresidentDirec
ReturnHeader/BusinessOfficerGrp/PhoneNum07022291020
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-07-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Symphony Park Master Association Inc
ReturnHeader/Filer/BusinessNameControlTxt0SYMP
ReturnHeader/Filer/EIN0271958496
ReturnHeader/Filer/USAddress/AddressLine1Txt0495 South Main Street 6th Floor
ReturnHeader/Filer/USAddress/CityNm0Las Vegas
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NV
ReturnHeader/Filer/USAddress/ZIPCd089101
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454954935
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jacquelyn Stephens CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0330 East Warm Springs Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Las Vegas
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd089119
ReturnHeader/PreparerPersonGrp/PhoneNum07028232415
ReturnHeader/PreparerPersonGrp/PreparationDt02015-08-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jacquelyn Stephens
ReturnHeader/ReturnTs02015-08-19T13:36:32-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.01$0.47$0.07$0.18$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.02$0.58$0.07$0.18$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$0.01$0.69$0.04$0.17$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$0.00$0.82$0.05$0.16$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.01$0.94$0.04$0.14$0.09
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.01$1.03$0.07$0.14$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.00$1.10$0.03$0.15$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.22$0.00$1.22$0.02$0.15$0.13
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$0.00$1.35$0.02$0.15$0.13
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.48$0.00$1.48$0.09$0.17$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.55$0.00$1.55$0.08$0.19$0.12