Civic Intelligence

Symphony Park Master Association Inc

990 • Fiscal year 2020 • EIN 27-1958496

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

495 South Main Street 6th FloorLas Vegas, NV 89101

(702) 229-2254

Siviq Scores

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

Liabilities / Assets

46th percentile

0.01x

Higher debt load relative to assets than 46% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

65th percentile

0.19x

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

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Net Margin

2nd percentile

-217%

Higher net margin than 2% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

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

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Asset Growth

14th percentile

-9.2%

Faster asset growth than 14% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

12th percentile

-42%

Faster revenue growth than 12% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$945,837

Down $95,674 (-9.2%) from 2019

Net Assets

Down

$937,839

Down $92,672 (-9.0%) from 2019

Liabilities

Down

$7,998

Down $3,002 (-27%) from 2019

Revenue

Down

$42,720

Down $30,439 (-42%) from 2019

Expenses

Down

$135,392

Down $8,650 (-6.0%) from 2019

Net Income

Down

-$92,672

Down $21,789 (-31%) from 2019

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

2020

Assets$945,837
Liabilities$7,998
Net Assets$937,839

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

2020

Revenue$42,720
Expenses$135,392
Net Income-$92,672
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.0
Gross Receipts
$42,720
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$1,030,511$937,839▼ $92,672
Land, Buildings, and Equipment, Net$818,374$709,176▼ $109,198
Cash and Non-Interest-Bearing Accounts$184,334$197,827▲ $13,493
Savings and Temporary Cash Investments$38,803$38,834▲ $31
Total Assets$1,041,511$945,837▼ $95,674
Liabilities
Accounts Payable and Accrued Expenses$11,000$7,998▼ $3,002
Total Liabilities$11,000$7,998▼ $3,002
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,030,511$937,839▼ $92,672
Total Liabilities and Net Assets / Fund Balance$1,041,511$945,837▼ $95,674

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$709,176$1,138,478$1,847,654
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jorge CervantesPresident/di
Gary AmelingTreasurer/se
Tom PerrigoVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$42,688
Program Service Revenue
$0
Investment Income
$32
Other Revenue
$0
Change in Net Assets
$-92,672
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$135,392
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$109,196--$109,196
Insurance$3,348--$3,348
Other Expenses$942--$942
All Other Expenses$462--$462
Total Functional Expenses$135,392$0$0$135,392
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
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
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
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Management duties may be delegated 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.

Form 990, Page 6, Part VI, Line 6

The associatin collected association dues from members during the year. 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.

Form 990, Page 6, 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 2017 were paid based on this equivalent units calculation in 2017 and will be used for future years dues calculations and budgeting purposes.

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

The governing body reviews the completed 990. The president then signs the efile autorization form to file the return with the irs.

Form 990, Page 6, 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
EIN
27-1958496
Phone
7022292254
Address
495 SOUTH MAIN STREET 6TH FLOOR, LAS VEGAS, NV 89101

Signing Officer

Name
Jorge Cervantes
Title
President/director
Phone
7022292254
Signed
2021-11-10

Organization Details

Principal Officer
Jorge Cervantes
Formed
2008
Legal Domicile
Nv
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Layton Layton & Tobler Llp Cpas
Address
606 SOUTH NINTH STREET, LAS VEGAS, NV 89101-7013
Preparer
Stephen D Waldron CPA
Phone
7023841995
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Symphony park master association 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 resposible for maintaining and operating the park.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SYMPHONY PARK MASTER ASSOCIATION 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 RESPOSIBLE FOR MAINTAINING AND OPERATING THE PARK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT DUTIES MAY BE DELEGATED 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 ASSOCIATIN COLLECTED ASSOCIATION DUES FROM MEMBERS DURING THE YEAR. 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 2017 WERE PAID BASED ON THIS EQUIVALENT UNITS CALCULATION IN 2017 AND WILL BE USED FOR FUTURE YEARS DUES CALCULATIONS AND BUDGETING PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING BODY REVIEWS THE COMPLETED 990. THE PRESIDENT THEN SIGNS THE EFILE AUTORIZATION FORM TO FILE THE RETURN WITH THE IRS.
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/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SYMPHONY PARK MASTER ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0SYMP
ReturnHeader/Filer/EIN0271958496
ReturnHeader/Filer/PhoneNum07022292254
ReturnHeader/Filer/USAddress/AddressLine1Txt0495 SOUTH MAIN STREET 6TH FLOOR
ReturnHeader/Filer/USAddress/CityNm0LAS VEGAS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NV
ReturnHeader/Filer/USAddress/ZIPCd089101
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0880176927
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LAYTON LAYTON & TOBLER LLP CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0606 SOUTH NINTH STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAS VEGAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0891017013
ReturnHeader/PreparerPersonGrp/PhoneNum07023841995
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHEN D WALDRON CPA
ReturnHeader/ReturnTs02021-11-15T18:44:55-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JORGE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CERVANTES
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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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
2020Detailed filing. Detailed filing data is available for this year.$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