Civic Intelligence

Anderson Symphony Orchestra Association Inc.

990 • Fiscal year 2016 • EIN 31-0940546

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2017

1124 Meridian Plaza No CAnderson, IN 46016

(765) 644-2111

Siviq Scores

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

Liabilities / Assets

80th percentile

0.15x

Higher debt load relative to assets than 80% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

82nd percentile

0.11x

Higher debt load relative to revenue than 82% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

78th percentile

21%

Higher net margin than 78% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

91st percentile

$44,840

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 13.5% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

83rd percentile

45%

Faster asset growth than 83% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

66th percentile

13%

Faster revenue growth than 66% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$240,068

Up $74,860 (+45%) from 2015

Net Assets

Up

$205,053

Up $69,615 (+51%) from 2015

Liabilities

Up

$35,015

Up $5,245 (+18%) from 2015

Revenue

Up

$331,558

Up $37,376 (+13%) from 2015

Expenses

Up

$261,943

Up $24,287 (+10%) from 2015

Net Income

Up

$69,615

Up $13,089 (+23%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2011: $66,930Liabilities 2011: $57,399Net Assets 2011: $9,5312011Assets 2012: $29,364Liabilities 2012: $23,575Net Assets 2012: $5,7892012Assets 2013: $53,341Liabilities 2013: $44,456Net Assets 2013: $8,8852013Assets 2014: $113,198Liabilities 2014: $34,285Net Assets 2014: $78,9132014Assets 2015: $165,208Liabilities 2015: $29,770Net Assets 2015: $135,4382015Assets 2016: $240,068Liabilities 2016: $35,015Net Assets 2016: $205,0532016Assets 2018: $276,338Liabilities 2018: $45,169Net Assets 2018: $231,1692018Assets 2020: $249,687Liabilities 2020: $11,942Net Assets 2020: $237,7452020Assets 2021: $300,976Liabilities 2021: $22,988Net Assets 2021: $277,9882021Assets 2023: $281,793Liabilities 2023: $988Net Assets 2023: $280,8052023Assets 2024: $199,755Liabilities 2024: $975Net Assets 2024: $198,7802024

Highlighted filing

2016

Assets$240,068
Liabilities$35,015
Net Assets$205,053

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $240,3482011Expenses 2012: $273,4542012Expenses 2013: $268,4922013Revenue 2014: $322,156Expenses 2014: $252,128Net Income 2014: $70,0282014Revenue 2015: $294,182Expenses 2015: $237,656Net Income 2015: $56,5262015Revenue 2016: $331,558Expenses 2016: $261,943Net Income 2016: $69,6152016Revenue 2018: $296,225Expenses 2018: $291,813Net Income 2018: $4,4122018Revenue 2020: $272,876Expenses 2020: $256,801Net Income 2020: $16,0752020Revenue 2021: $176,221Expenses 2021: $136,502Net Income 2021: $39,7192021Revenue 2023: $283,201Expenses 2023: $324,353Net Income 2023: -$41,1522023Revenue 2024: $335,648Expenses 2024: $416,795Net Income 2024: -$81,1472024

Highlighted filing

2016

Revenue$331,558
Expenses$261,943
Net Income$69,615
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$333,917
Mission and Program Overview

Mission

Anderson symphony orchestra enriches lives through beautiful music of high artistic quality and provides experiences that excite, entertain,engage, and educate our community. We are committed to offering the community a diverse repertoire of music with a goal of cultivating new audiences and growing the organization while remaining fiscally responsible.

To enrich lives through beautiful music of high artistic quality

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,700$38,947▲ $37,247
Cash and Non-Interest-Bearing Accounts$59,505$33,769▼ $25,736
Savings and Temporary Cash Investments$6,407$31,208▲ $24,801
Land, Buildings, and Equipment, Net$5,674$3,816▼ $1,858
Prepaid Expenses and Deferred Charges$300$2,500▲ $2,200
Total Assets$165,208$240,068▲ $74,860
Other Assets Total$91,622$129,828▲ $38,206
Liabilities
Deferred Revenue$26,797$33,840▲ $7,043
Other Liabilities$2,297$1,154▼ $1,143
Accounts Payable and Accrued Expenses$676$21▼ $655
Total Liabilities$29,770$35,015▲ $5,245
Net Assets / Fund Balance
Unrestricted Net Assets$135,438$163,056▲ $27,618
Temporarily Rstr Net Assets-$41,997-
Total Net Assets Fund Balance$135,438$205,053▲ $69,615
Total Liabilities and Net Assets / Fund Balance$165,208$240,068▲ $74,860

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,816$21,863$25,679
Other Assets Org$129,828--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dana StoneExecutive DirectorFT$44,840$44,840

Board Members and Trustees

NameTitle
Dr E Darlene MillerPast President
Cindy LananePresident
Philip Lavelle JrVice President
Angela BarbosaDirector
Angela EdenDirector
David HappeDirector
David ShadeDirector
Jessica Carson-bannonDirector
Julie StiersDirector
Kendall ZinszerDirector
Laura SandlinDirector
Marilyn AultDirector
Rick ValeDirector
Stephanie DaughertyDirector
Stephen BourkeDirector
Sydney SchieveDirector
Paula BivensSecretary
Brett SpanglerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$221,462
Program Service Revenue
$100,189
Investment Income
$11
Other Revenue
$9,896
All Other Contributions
$221,462
Change in Net Assets
$69,615
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$212,694
Salaries, Compensation, and Employee Benefits$49,249
Total Fundraising Expense$7,136
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$40,851$2,270$2,269$45,390
All Other Expenses$20,808$6,252$2,160$29,220
Other Expenses$14,950--$14,950
Travel$12,069--$12,069
Office Expenses$2,000$5,997$2,000$9,997
Advertising$8,372--$8,372
Insurance$4,343$241$241$4,825
Occupancy$3,240$180$180$3,600
Payroll Taxes$2,979$166$165$3,310
Fees for Services Other-$1,900-$1,900
Depreciation Depletion$1,672$93$93$1,858
Other Salaries and Wages$494$27$28$549
Interest-$71-$71
Total Functional Expenses$237,610$17,197$7,136$261,943
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$12,215
Fundraising Direct Expenses$2,359
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$1,154
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
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, Part VI, Section B, Line 11

The form 990 is reviewed by the executive committee and a recommendation is made to the full board for their approval.

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

A copy of the symphony's conflict of interest policy is given to all board members, staff members, volunteers or other key stakeholders upon commencement of such person's relationship with the symphony or at the official adoption of stated policy. Each board member, officer, staff member, and volunteer shall sign and date the policy at the beginning of her/his term of service or employment and each year thereafter. Full disclosure, by notice in writing, shall be made by the interested parties to the full board of directors in all conflicts of interest. Following full disclosure of a possible conflict of interest or any condition listed above, the board of directors shall determine whether a conflict of interest exists, and if so, the board shall vote to authorize or reject the transaction or take any other action deemed necessary to address the conflict and protect the symphony's best interests. Both votes shall be by a majority vote without counting the vote of any interested director, even if the disinterested directors are less than a quorum provided that at least one consenting director is disinterested.

Form 990, Part VI, Section B, Line 15

Compensation for the executive director is determined through an annual review by the executive committee. The compensation process for officers or key employees is determined by the employee's annual review.

Form 990, Part VI, Section C, Line 19

Governing documents, as well as copies of the form 990, will be made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Anderson Symphony Orchestra Assoc
EIN
31-0940546
Phone
7656442111
Address
1124 MERIDIAN PLAZA NO C, ANDERSON, IN 46016

Signing Officer

Name
Brett Spangler
Title
Treasurer
Phone
7656442111
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dana Stone
Formed
1978
Legal Domicile
In
Voting Board Members
18
Independent Board Members
18
Employees
3
Volunteers
75

Preparer

Firm
Sikich Llp
Address
8555 NORTH RIVER ROAD SUITE 300, INDIANAPOLIS, IN 46240
Preparer
Joseph E Gordon CPA Cfp
Phone
3178424466
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Auditorium: program service expenses 6,775. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,775. Personnel manager & librarian: program service expenses 5,470. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,470. Music: program service expenses 4,729. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,729. Programs: program service expenses 3,834. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,834. Bad debt expense: program service expenses 0. Management and general expenses 3,050. Fundraising expenses 0. Total expenses 3,050. Dues & subscriptions: program service expenses 0. Management and general expenses 2,305. Fundraising expenses 0. Total expenses 2,305. Fundraising expense: program service expenses 0. Management and general expenses 0. Fundraising expenses 2,160. Total expenses 2,160. Miscellaneous: program service expenses 0. Management and general expenses 693. Fundraising expenses 0. Total expenses 693. Income tax: program service expenses 0. Management and general expenses 204. Fundraising expenses 0. Total expenses 204.

Financial Statement Notes

PART X, LINE 2:

The organization is a not-for-profit organization exempt from income taxes under section 501(c)(3) of the u.s. Internal revenue code. Accordingly, no provision for income taxes has been reflected in the organization's financial statements when considering measurement guidance addressed in fasb asc 48: provisions of uncertain tax positions disclosure. The organization has evaluated it's tax positions for all open tax years. Currently, the tax years open and subject to examination by the internal revenue service are the 2012, 2013, and 2014 tax years. However, the organization is not currently under audit nor has the organization been contacted by any jurisdiction. Management believes all tax positions taken would be upheld under an examination. Therefore, no provision for the effects of uncertain tax positions has been recorded.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18EXECUTIVE DIRECTOR
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IRS990/Form990TFiledInd01
IRS990/FormationYr01978
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IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
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IRS990/FundraisingGrossIncomeAmt012215
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
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IRS990/IndivRcvdGreaterThan100KCnt00
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IRS990/InfoInScheduleOPartIIIInd0X
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IRS990/InsuranceGrp/ManagementAndGeneralAmt0241
IRS990/InsuranceGrp/ProgramServicesAmt04343
IRS990/InsuranceGrp/TotalAmt04825
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IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ANDERSON SYMPHONY ORCHESTRA ENRICHES LIVES THROUGH BEAUTIFUL MUSIC OF HIGH ARTISTIC QUALITY AND PROVIDES EXPERIENCES THAT EXCITE, ENTERTAIN, ENGAGE, AND EDUCATE OUR COMMUNITY. WE ARE COMMITTED TO OFFERING THE COMMUNITY A DIVERSE REPERTOIRE OF MUSIC WITH A GOAL OF CULTIVATING NEW AUDIENCES AND GROWING THE ORGANIZATION WHILE REMAINING FISCALLY RESPONSIBLE.
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0180
IRS990/OccupancyGrp/ManagementAndGeneralAmt0180
IRS990/OccupancyGrp/ProgramServicesAmt03240
IRS990/OccupancyGrp/TotalAmt03600
IRS990/OfficeExpensesGrp/FundraisingAmt02000
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05997
IRS990/OfficeExpensesGrp/ProgramServicesAmt02000
IRS990/OfficeExpensesGrp/TotalAmt09997
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt091622
IRS990/OtherAssetsTotalGrp/EOYAmt0129828
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MUSICIANS
IRS990/OtherExpensesGrp/Desc1CONDUCTOR
IRS990/OtherExpensesGrp/Desc2OTHER CONCERT EXPENSE
IRS990/OtherExpensesGrp/Desc3GUEST ARTISTS
IRS990/OtherExpensesGrp/ProgramServicesAmt083278
IRS990/OtherExpensesGrp/ProgramServicesAmt126201
IRS990/OtherExpensesGrp/ProgramServicesAmt216353
IRS990/OtherExpensesGrp/ProgramServicesAmt314950
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IRS990/OtherExpensesGrp/TotalAmt126201
IRS990/OtherExpensesGrp/TotalAmt216353
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0494
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01700
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IRS990/PoliticalCampaignActyInd00
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IRS990/RegularMonitoringEnfrcInd01
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt031208
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0145440
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0136409
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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt046
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0205247
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02643
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt037489
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0880064
IRS990ScheduleA/TotalSupportAmt0918835
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt00
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt0327
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt01236
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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