Civic Intelligence

Cincinnati Chamber Orchestra Inc.

990 • Fiscal year 2014 • EIN 31-0865998

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 05, 2015

4046 Hamilton AveRoom/Suite 20045223

(513) 723-1182

Siviq Scores

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

Liabilities / Assets

45th percentile

0.03x

Higher debt load relative to assets than 45% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

40th percentile

0.02x

Higher debt load relative to revenue than 40% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

30th percentile

-3.5%

Higher net margin than 30% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

23rd percentile

-5.4%

Faster asset growth than 23% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Assets

Down

$325,283

Down $18,521 (-5.4%) from 2013

Net Assets

Down

$315,583

Down $21,771 (-6.5%) from 2013

Liabilities

Up

$9,700

Up $3,250 (+50%) from 2013

Revenue

$511,918

No earlier filing loaded for comparison.

Expenses

Down

$529,995

Down $53,984 (-9.2%) from 2013

Net Income

-$18,077

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.

$1.5M$1.0M$500K$0Assets 2011: $342,309Liabilities 2011: $2,072Net Assets 2011: $340,2372011Assets 2012: $349,400Liabilities 2012: $11,464Net Assets 2012: $337,9362012Assets 2013: $343,804Liabilities 2013: $6,450Net Assets 2013: $337,3542013Assets 2014: $325,283Liabilities 2014: $9,700Net Assets 2014: $315,5832014Assets 2015: $365,823Liabilities 2015: $38,314Net Assets 2015: $327,5092015Assets 2016: $357,705Liabilities 2016: $8,179Net Assets 2016: $349,5262016Assets 2017: $394,068Liabilities 2017: $25,827Net Assets 2017: $368,2412017Assets 2018: $430,040Liabilities 2018: $4,273Net Assets 2018: $425,7672018Assets 2019: $494,407Liabilities 2019: $3,912Net Assets 2019: $490,4952019Assets 2020: $663,577Liabilities 2020: $80,229Net Assets 2020: $583,3482020Assets 2021: $949,589Liabilities 2021: $2,849Net Assets 2021: $946,7402021Assets 2022: $786,864Liabilities 2022: $3,122Net Assets 2022: $783,7422022Assets 2023: $1,103,363Liabilities 2023: $1,789Net Assets 2023: $1,101,5742023Assets 2024: $1,262,970Liabilities 2024: $4,858Net Assets 2024: $1,258,1122024

Highlighted filing

2014

Assets$325,283
Liabilities$9,700
Net Assets$315,583

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $469,5212011Expenses 2012: $488,9802012Expenses 2013: $583,9792013Revenue 2014: $511,918Expenses 2014: $529,995Net Income 2014: -$18,0772014Revenue 2015: $470,688Expenses 2015: $424,208Net Income 2015: $46,4802015Revenue 2016: $473,397Expenses 2016: $488,279Net Income 2016: -$14,8822016Revenue 2017: $509,905Expenses 2017: $466,434Net Income 2017: $43,4712017Revenue 2018: $605,226Expenses 2018: $573,451Net Income 2018: $31,7752018Revenue 2019: $676,663Expenses 2019: $611,935Net Income 2019: $64,7282019Revenue 2020: $432,026Expenses 2020: $339,173Net Income 2020: $92,8532020Revenue 2021: $789,333Expenses 2021: $425,940Net Income 2021: $363,3932021Revenue 2022: $609,436Expenses 2022: $665,389Net Income 2022: -$55,9532022Revenue 2023: $935,104Expenses 2023: $697,612Net Income 2023: $237,4922023Revenue 2024: $867,080Expenses 2024: $790,729Net Income 2024: $76,3512024

Highlighted filing

2014

Revenue$511,918
Expenses$529,995
Net Income-$18,077
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 5, 2015
Return Version
2013v4.0
Gross Receipts
$550,218
Mission and Program Overview

Mission

Cincinnati chamber orchestra provides a vibrant and fresh musical experience in an intimate and informal setting for the seasoned patron and new audience. The cincinnati chamber orchestra is committed to spreading the joy of music by providing high-quality classical music in an accessible manner through performance, community outreach and education. The orchestra's core values are: artistic excellence, innovative programming, collaboration, flexibility and adaptability, accessibility and affordability, and fiscal responsibility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$274,811$249,166▼ $25,645
Cash and Non-Interest-Bearing Accounts$11,383$43,385▲ $32,002
Accounts Receivable$54,463$28,933▼ $25,530
Land, Buildings, and Equipment, Net-$3,217-
Prepaid Expenses and Deferred Charges$3,147$582▼ $2,565
Total Assets$343,804$325,283▼ $18,521
Liabilities
Deferred Revenue$6,432$9,700▲ $3,268
Accounts Payable and Accrued Expenses$18--
Total Liabilities$6,450$9,700▲ $3,250
Net Assets / Fund Balance
Permanently Rstr Net Assets$274,811$249,166▼ $25,645
Unrestricted Net Assets$62,543$66,417▲ $3,874
Total Net Assets Fund Balance$337,354$315,583▼ $21,771
Total Liabilities and Net Assets / Fund Balance$343,804$325,283▼ $18,521

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,217$10,532$13,749

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$274,811-▲ $40,805$-66,450$249,166
2012$275,609-▲ $24,202$-25,000$274,811
2011$278,541-▲ $6,001$-8,933$275,609
2010$255,982-▲ $30,098$-7,539$278,541
2009$242,779-▲ $20,983$-7,780$255,982
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jennifer FunkPresident
Alice Rogers UhlDirector
Barbara BushmanDirector
Betsy HodgesDirector
Brett StoverDirector
Jack RouseDirector
Marina AbantoDirector
Rebekah ChesnesDirector
Scott CookDirector
Tim TepeDirector
Wesley NeedhamDirector
William TsacalisDirector
Eric AllenPast Preside
Ruth SchwallieSecretary
Marvin KolodzikTresurer
Larry MagnesenVice Preside
Michael CioffiVice Preside
Robert ChavezVice Preside
Rosemary SchlachterVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$327,003
Program Service Revenue
$67,899
Investment Income
$40,846
Other Revenue
$76,170
All Other Contributions
$327,003
Change in Net Assets
$-18,077

Audited Revenue Reconciliation

Revenue per Audited Statements
$508,650
Revenue Not Reported on Financial Statements
$3,268
Other Revenue Adjustments
$3,268
Total Revenue per Audited Statements
$508,650
Total Revenue per Form 990
$511,918
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$317,208
Other Expenses$212,787
Total Fundraising Expense$43,284
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$200,576$41,162$36,802$278,540
Payroll Taxes$12,505$14,068$4,689$31,262
Advertising$26,435--$26,435
Occupancy$2,150$7,758-$9,908
Other Employee Benefits$5,953$962$491$7,406
Travel$5,218$725-$5,943
Fees for Services Accounting$5,350--$5,350
Office Expenses$2,181$1,692$489$4,362
Other Expenses$1,722$1,148$656$2,870
All Other Expenses$253$2,321-$2,574
Insurance$1,091$857-$1,948
Interest$630$419-$1,049
Information Technology$56-$55$111
Total Functional Expenses$413,068$73,643$43,284$529,995

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$530,421
Expenses per Audited Statements$529,995
Total Expenses per Form 990$529,995
Expenses Not Reported on Form 990$426
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$111,870
Fundraising Direct Expenses$38,300
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$111,870$111,870$38,300$73,570
Total Events$111,870$111,870$38,300$73,570
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
Audit committee
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 11B

The board reviews the 990 before it is filed.

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

A trustee, officer or key staff member shall not vote on, approve, or recommend any transaction or arrangement in which he or she has a conflict of interest. If such trustee, officer or key staff member is present at a meeting of the board or committee at which such a matter is considered, he or she shall be excused from the meeting.

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

The executive director of the cco is evaluated annually following the completion of the fiscal year by the executive commitee of the board of trustees. Sufficient information is obtained by the committee to provide the necessary data to make compensation decisions, which are documented in the minutes.

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

The staff of the cco are evaluated annually following the completion of the the fiscal year by the executive committee of the board of trustees. Sufficient information is obtained by the committee to provide the necessary data to make compensation decisions, which are documented in the minutes.

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

EIN
31-0865998
Phone
5137231182

Signing Officer

Name
Jennifer Funk
Title
President
Phone
5137231182
Signed
2015-02-05

Organization Details

Formed
1975
Legal Domicile
Oh
Voting Board Members
19
Independent Board Members
19
Employees
85
Volunteers
30

Preparer

Preparer
William B Donlin
Phone
8597819800
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Cincinnati chamber orchestra provides a vibrant and fresh musical experience in an intimate and informal setting for the seasoned patron and new audience. The cincinnati chamber orchestra is committed to spreading the joy of music by providing high-quality classical music in an accessible manner through performance, community outreach and education. The orchestra's core values are: artistic excellence, innovative programming, collaboration, flexibility and adaptability, accessibility and affordability, and fiscal responsibility.

Form 990, Part XI, Line 9

Deferred revenue - c/y -9,700 deferred revenue - p/y 6,432 book / tax depreciation difference -426

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

Deferred revenue - c/y 9,700 deferred revenue - p/y -6,432

Schedule D, Page 4, Part XII, Line 2D

Book / tax depreciation difference 426

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IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.26$0.87$0.79$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$0.94$0.70$0.24
2022Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.78$0.61$0.67$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$0.79$0.43$0.36
2020Detailed filing. Detailed filing data is available for this year.$0.66$0.08$0.58$0.43$0.34$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.49$0.00$0.49$0.68$0.61$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.43$0.00$0.43$0.61$0.57$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.39$0.03$0.37$0.51$0.47$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.36$0.01$0.35$0.47$0.49$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.37$0.04$0.33$0.47$0.42$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.33$0.01$0.32$0.51$0.53$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.01$0.34$0.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.01$0.34$0.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.00$0.34$0.47