Civic Intelligence

Carmel Symphony Orchestera Inc.

990 • Fiscal year 2017 • EIN 31-0918565

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 16, 2018

760 3rd Avenue SW Ste 102Carmel, IN 46032

(317) 844-9717

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

32nd percentile

-2.6%

Higher net margin than 32% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

70th percentile

$59,400

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

22nd percentile

-5.6%

Faster asset growth than 22% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

57th percentile

8.6%

Faster revenue growth than 57% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$299,168

Down $17,740 (-5.6%) from 2016

Net Assets

Down

$299,168

Down $17,740 (-5.6%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$677,093

Up $53,511 (+8.6%) from 2016

Expenses

Up

$694,833

Up $78,615 (+13%) from 2016

Net Income

Down

-$17,740

Down $25,104 (-341%) from 2016

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

2017

Assets$299,168
Liabilities$0
Net Assets$299,168

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

2017

Revenue$677,093
Expenses$694,833
Net Income-$17,740
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 16, 2018
Return Version
2016v3.0
Gross Receipts
$680,380
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$248,963$238,203▼ $10,760
Cash and Non-Interest-Bearing Accounts$67,945$60,965▼ $6,980
Total Assets$316,908$299,168▼ $17,740
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$316,908$299,168▼ $17,740
Total Net Assets Fund Balance$316,908$299,168▼ $17,740
Total Liabilities and Net Assets / Fund Balance$316,908$299,168▼ $17,740
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dr Alan DavisPresident & CEOFT$59,400$59,400

Board Members and Trustees

NameTitle
Larry LawheadChair
Brad GrabowPast Chair
Bill CulpepperVice Chair
Bruce CordingleyDirector
Craig GigaxDirector
Dr George ZackDirector
Jerry TorrDirector
Jim StreeterDirector
John AdamsDirector
Luci SnyderDirector
Mike DonahueDirector
Randy BiernatDIrector
Reinhold StrnatDirector
Stan HurtDirector
Tracy MillerDirector
Rob SchlegelSecretary
Rick HarrisonTReasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$432,487
Program Service Revenue
$227,225
Investment Income
$265
Other Revenue
$17,116
All Other Contributions
$187,487
Change in Net Assets
$-17,740

Audited Revenue Reconciliation

Revenue per Audited Statements
$677,093
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$677,093
Total Revenue per Form 990
$677,093
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$450,619
Salaries, Compensation, and Employee Benefits$244,214
Total Fundraising Expense$47,195
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$80,420$52,960$34,017$167,397
Advertising$110,158--$110,158
Current Officers, Directors, Trustees, and Key Employees$59,400--$59,400
All Other Expenses$10,861$18,170$2,825$31,856
Fees for Services Other$25,647$666$42$26,355
Office Expenses$11,848$8,529$3,434$23,811
Payroll Taxes$10,738$4,067$2,612$17,417
Conferences and Meetings-$9,578$4,265$13,843
Other Expenses$10,240--$10,240
Fees for Services Accounting-$8,064-$8,064
Insurance$2,536$4,277-$6,813
Travel-$3,247-$3,247
Occupancy-$1,812-$1,812
Total Functional Expenses$536,268$111,370$47,195$694,833

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$694,833
Total Expenses per Audited Statements$694,833
Total Expenses per Form 990$694,833
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$18,218
Fundraising Direct Expenses$3,287
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
League Spring Lunch$18,218$18,218$3,287$14,931
Total Events$18,218$18,218$3,287$14,931
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, Part VI, Section B, line 11B

Organization's process to review form 990 is that each board member will receive a copy of the return and the board treasurer approves the 990 for filing.

Form 990, Part VI, Section B, line 12C

Board reviews annually as part of regularly scheduled meetings.

Form 990, Part VI, Section B, line 15A

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

Form 990, Part VI, Section C, line 19

Governing documents are made available to the public upon request

Form 990, Part VI, Line 12C

Enforcement of conflicts policy - Board reviews annually as part of regularly scheduled meetings.

Form 990, Part VI, Line 15A

Compensation process for top officials - Board of directors determine the executive director's salary as independent persons by using comparable data.

Form 990, Part VI, Line 19

Governing documents disclosure explanation - No governing documents available to the public.

Filing and Contact Details

Filer

Filer Name
Carmel Symphony Orchestra Inc
EIN
31-0918565
Phone
3178449717
Address
760 3rd Avenue SW Ste 102, Carmel, IN 46032

Signing Officer

Name
A Ridgeway Miller
Title
Treasurer
Phone
3178449717
Signed
2018-02-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alan Davis
Formed
1975
Legal Domicile
In
Voting Board Members
17
Independent Board Members
17
Employees
42
Volunteers
98

Preparer

Firm
Sikich LLP
Address
8555 North River Road Suite 300, Indianapolis, IN 46240
Preparer
Jill M Boyle CPA
Phone
3178424466
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

The Orchestra is a not-for-profit Orchestra exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Orchestra is not classified as a private foundation.

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IRS990/OccupancyGrp/TotalAmt01812
IRS990/OfficeExpensesGrp/FundraisingAmt03434
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08529
IRS990/OfficeExpensesGrp/ProgramServicesAmt011848
IRS990/OfficeExpensesGrp/TotalAmt023811
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Concert Expenses
IRS990/OtherExpensesGrp/Desc1Contract Services - Mus
IRS990/OtherExpensesGrp/Desc2Music Director Expenses
IRS990/OtherExpensesGrp/Desc3Licenses and Permits
IRS990/OtherExpensesGrp/ProgramServicesAmt0143404
IRS990/OtherExpensesGrp/ProgramServicesAmt137500
IRS990/OtherExpensesGrp/ProgramServicesAmt233516
IRS990/OtherExpensesGrp/ProgramServicesAmt310240
IRS990/OtherExpensesGrp/TotalAmt0143404
IRS990/OtherExpensesGrp/TotalAmt137500
IRS990/OtherExpensesGrp/TotalAmt233516
IRS990/OtherExpensesGrp/TotalAmt310240
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02185
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02185
IRS990/OtherRevenueTotalAmt02185
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt034017
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt052960
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt080420
IRS990/OtherSalariesAndWagesGrp/TotalAmt0167397
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02612
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04067
IRS990/PayrollTaxesGrp/ProgramServicesAmt010738
IRS990/PayrollTaxesGrp/TotalAmt017417
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Alan Davis
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711130
IRS990/ProgramServiceRevenueGrp/BusinessCd1511190
IRS990/ProgramServiceRevenueGrp/BusinessCd2711130
IRS990/ProgramServiceRevenueGrp/Desc0Concert and Perfomance
IRS990/ProgramServiceRevenueGrp/Desc1Event Programs
IRS990/ProgramServiceRevenueGrp/Desc2Music Purchases
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0211125
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt120
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0211125
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt116080
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt220
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt016080
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0383397
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0189
IRS990/PYOtherExpensesAmt0312955
IRS990/PYOtherRevenueAmt017805
IRS990/PYProgramServiceRevenueAmt0222191
IRS990/PYRevenuesLessExpensesAmt07364
IRS990/PYSalariesCompEmpBnftPaidAmt0303263
IRS990/PYTotalExpensesAmt0616218
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0623582
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-17740
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0213330
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0248963
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0238203
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0450705
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0383397
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0421474
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0377475
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0327289
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01960340
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt040000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt040000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0265
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0189
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt014117
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt014571
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0413531
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02185
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt03396
IRS990ScheduleA/OtherIncome170Grp/TotalAmt05581
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98430
IRS990ScheduleA/PublicSupportPY170Pct00.98320
IRS990ScheduleA/PublicSupportTotal170Amt01988750
IRS990ScheduleA/SubstantialContributorsTotAmt011590
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0450705
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0383397
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0421474
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0377475
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0367289
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02000340
IRS990ScheduleA/TotalSupportAmt02020492
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0694833
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0677093
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Orchestra is a not-for-profit Orchestra exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Orchestra is not classified as a private foundation.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0694833
IRS990ScheduleD/TotalRevenuePerForm990Amt0677093
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0677093
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0694833
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt03287
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0League Spring Lunch
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt018218
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt018218
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt018218
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt018218
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt014931
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt03287
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03287
IRS990/ScheduleJRequiredInd00

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