Civic Intelligence

Carmel Symphony Orchestera Inc.

990 • Fiscal year 2014 • EIN 31-0918565

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 03, 2015

760 3rd Avenue SW Ste 10246032

(317) 844-9717

Siviq Scores

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

Liabilities / Assets

24th percentile

0.00x

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

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

Liabilities / Revenue

24th percentile

0.00x

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

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

Net Margin

38th percentile

-0.3%

Higher net margin than 38% of similar nonprofits.

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

Top Officer Pay

69th percentile

$55,000

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 9.2% of source-year revenue.

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

Asset Growth

40th percentile

-0.5%

Faster asset growth than 40% 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

$362,404

Down $1,895 (-0.5%) from 2013

Net Assets

Down

$362,404

Down $1,895 (-0.5%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

$596,877

No earlier filing loaded for comparison.

Expenses

Up

$598,772

Up $73,029 (+14%) from 2013

Net Income

-$1,895

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.

$800K$600K$400K$200K$0Assets 2012: $344,373Liabilities 2012: $0Net Assets 2012: $344,3732012Assets 2013: $364,299Liabilities 2013: $0Net Assets 2013: $364,2992013Assets 2014: $362,404Liabilities 2014: $0Net Assets 2014: $362,4042014Assets 2015: $309,544Liabilities 2015: $0Net Assets 2015: $309,5442015Assets 2016: $316,908Liabilities 2016: $0Net Assets 2016: $316,9082016Assets 2017: $299,168Liabilities 2017: $0Net Assets 2017: $299,1682017Assets 2018: $252,567Liabilities 2018: $0Net Assets 2018: $252,5672018Assets 2019: $163,308Liabilities 2019: $0Net Assets 2019: $163,3082019Assets 2020: $148,921Liabilities 2020: $67,352Net Assets 2020: $81,5692020Assets 2021: $710,194Liabilities 2021: $61,561Net Assets 2021: $648,6332021Assets 2022: $628,467Liabilities 2022: $10,589Net Assets 2022: $617,8782022Assets 2023: $529,257Liabilities 2023: $38,961Net Assets 2023: $490,2962023Assets 2024: $263,146Liabilities 2024: $25,480Net Assets 2024: $237,6662024

Highlighted filing

2014

Assets$362,404
Liabilities$0
Net Assets$362,404

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2012: $574,6872012Expenses 2013: $525,7432013Revenue 2014: $596,877Expenses 2014: $598,772Net Income 2014: -$1,8952014Revenue 2015: $694,477Expenses 2015: $673,725Net Income 2015: $20,7522015Revenue 2016: $623,582Expenses 2016: $616,218Net Income 2016: $7,3642016Revenue 2017: $677,093Expenses 2017: $694,833Net Income 2017: -$17,7402017Revenue 2018: $579,010Expenses 2018: $625,611Net Income 2018: -$46,6012018Revenue 2019: $751,888Expenses 2019: $841,147Net Income 2019: -$89,2592019Revenue 2020: $751,133Expenses 2020: $807,788Net Income 2020: -$56,6552020Revenue 2021: $1,064,969Expenses 2021: $498,529Net Income 2021: $566,4402021Revenue 2022: $725,269Expenses 2022: $756,024Net Income 2022: -$30,7552022Revenue 2023: $808,276Expenses 2023: $934,832Net Income 2023: -$126,5562023Revenue 2024: $770,176Expenses 2024: $1,024,167Net Income 2024: -$253,9912024

Highlighted filing

2014

Revenue$596,877
Expenses$598,772
Net Income-$1,895
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 3, 2015
Return Version
2013v4.0
Gross Receipts
$596,877
Mission and Program Overview

Mission

To organize and sustain a symphonic orchestra in the hamilton county area

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$205,000--
Savings and Temporary Cash Investments$91,290$202,108▲ $110,818
Cash and Non-Interest-Bearing Accounts-$86,684-
Total Assets$364,299$362,404▼ $1,895
Other Assets Total$68,009$73,612▲ $5,603
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$338,954$288,792▼ $50,162
Permanently Rstr Net Assets$25,345$73,612▲ $48,267
Total Net Assets Fund Balance$364,299$362,404▼ $1,895
Total Liabilities and Net Assets / Fund Balance$364,299$362,404▼ $1,895

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$73,612--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$68,009-▲ $9,991-$73,612
2012$64,758-▲ $7,347-$68,009
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dr Alan DavisPresident &FT$55,000$55,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$377,475
Program Service Revenue
$202,631
Investment Income
$10,117
Other Revenue
$6,654
All Other Contributions
$174,323
Change in Net Assets
$-1,895

Audited Revenue Reconciliation

Revenue per Audited Statements
$596,877
Revenue Not Reported on Form 990
$126,175
Total Revenue per Audited Statements
$723,052
Total Revenue per Form 990
$596,877
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$309,146
Salaries, Compensation, and Employee Benefits$289,626
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$185,354$19,390-$204,744
Current Officers, Directors, Trustees, and Key Employees$49,790$5,210-$55,000
Office Expenses-$54,929-$54,929
Advertising$44,872--$44,872
Occupancy$39,570$2,631-$42,201
Fees for Services Other$31,942$5,967-$37,909
Payroll Taxes$28,015$1,867-$29,882
Conferences and Meetings-$15,362-$15,362
All Other Expenses$2,312$5,040-$7,352
Insurance-$5,045-$5,045
Travel-$4,745-$4,745
Other Expenses$2,450$2,515-$2,450
Total Functional Expenses$476,071$122,701$0$598,772

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$724,947
Expenses per Audited Statements$598,772
Total Expenses per Form 990$598,772
Expenses Not Reported on Form 990$126,175
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
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
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

Each board member will receive a copy of the return and will have an opportunity to review the return before the board treasurer approves it for filing.

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

Board reviews annually as part of regularly scheduled meetings.

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

Board of directors determines the executive director's salary as independent persons by using comparable data.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

EIN
31-0918565
Phone
3178449717

Signing Officer

Name
Alan Davis
Title
President
Phone
3178449717
Signed
2015-02-03

Organization Details

Principal Officer
Alan Davis
Formed
1975
Legal Domicile
In
Voting Board Members
13
Independent Board Members
13
Employees
37
Volunteers
110

Preparer

Preparer
Steven R Imler CPA
Phone
3178424466
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Furtherance of the symphony's mission.

Schedule D, Page 3, Part X

The organization is a not-for-profit organization exempt from income taxes under section 501(c)(3) of the internal revenue code. The organization is not considered to be a private foundation. Accordingly, no provision for income taxes has been reflected in the organization's financial statements. The organization has adopted the provisions of uncertain tax positions disclosure topics of fasb asc, which prescribes a recognition threshold of more-likely-than-not to be sustained upon examination. Measurement of the tax uncertainty occurs if the recognition threshold has not been met. This guidance also addresses de-recognition, classification, interest and penalties, disclosure, and transition. In the normal course of business, the organization is subject to examination by taxing authorities. The organization's tax returns for years subsequent to fiscal 2010 are open, by statute, for review by authorities. However, at present, there are no ongoing income tax audits or unresolved disputes with the various tax authorities that the organization currently files or has filed with.

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IRS990/PrincipalOfficerNm0ALAN DAVIS
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0351857
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0320833
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0314724
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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt014117
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FURTHERANCE OF THE SYMPHONY'S MISSION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF UNCERTAIN TAX POSITIONS DISCLOSURE TOPICS OF FASB ASC, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS NOT BEEN MET. THIS GUIDANCE ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. IN THE NORMAL COURSE OF BUSINESS, THE ORGANIZATION IS SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION'S TAX RETURNS FOR YEARS SUBSEQUENT TO FISCAL 2010 ARE OPEN, BY STATUTE, FOR REVIEW BY AUTHORITIES. HOWEVER, AT PRESENT, THERE ARE NO ONGOING INCOME TAX AUDITS OR UNRESOLVED DISPUTES WITH THE VARIOUS TAX AUTHORITIES THAT THE ORGANIZATION CURRENTLY FILES OR HAS FILED WITH.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalRevenuePerForm990Amt0596877
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH BOARD MEMBER WILL RECEIVE A COPY OF THE RETURN AND WILL HAVE AN OPPORTUNITY TO REVIEW THE RETURN BEFORE THE BOARD TREASURER APPROVES IT FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD REVIEWS ANNUALLY AS PART OF REGULARLY SCHEDULED MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS DETERMINES THE EXECUTIVE DIRECTOR'S SALARY AS INDEPENDENT PERSONS BY USING COMPARABLE DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00

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