Civic Intelligence

Anderson Symphony Orchestra Association Inc.

990 • Fiscal year 2021 • EIN 31-0940546

Jul 01, 2020 to Jun 30, 2021 • Filed on May 14, 2022

1124 Meridian Plaza Suite CAnderson, IN 46016

(765) 644-2111

Siviq Scores

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

Liabilities / Assets

76th percentile

0.08x

Higher debt load relative to assets than 76% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

81st percentile

0.13x

Higher debt load relative to revenue than 81% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

67th percentile

23%

Higher net margin than 67% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

88th percentile

$33,341

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 18.9% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

66th percentile

21%

Faster asset growth than 66% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

23rd percentile

-35%

Faster revenue growth than 23% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$300,976

Up $51,289 (+21%) from 2020

Net Assets

Up

$277,988

Up $40,243 (+17%) from 2020

Liabilities

Up

$22,988

Up $11,046 (+92%) from 2020

Revenue

Down

$176,221

Down $96,655 (-35%) from 2020

Expenses

Down

$136,502

Down $120,299 (-47%) from 2020

Net Income

Up

$39,719

Up $23,644 (+147%) from 2020

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

2021

Assets$300,976
Liabilities$22,988
Net Assets$277,988

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

2021

Revenue$176,221
Expenses$136,502
Net Income$39,719
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 14, 2022
Return Version
2020v4.0
Gross Receipts
$176,221
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
Cash and Non-Interest-Bearing Accounts$63,072$106,329▲ $43,257
Savings and Temporary Cash Investments$9,290$15,419▲ $6,129
Accounts Receivable-$7,500-
Prepaid Expenses and Deferred Charges$3,500--
Land, Buildings, and Equipment, Net$2,097--
Total Assets$249,687$300,976▲ $51,289
Other Assets Total$171,728$171,728→ $0
Liabilities
Other Liabilities$11,790$22,102▲ $10,312
Accounts Payable and Accrued Expenses$152$886▲ $734
Total Liabilities$11,942$22,988▲ $11,046
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$237,745$277,988▲ $40,243
Total Net Assets Fund Balance$237,745$277,988▲ $40,243
Total Liabilities and Net Assets / Fund Balance$249,687$300,976▲ $51,289

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$26,529$26,529
Other Assets Org$171,728--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dana StoneExecutive DiFT$33,341$33,341
Darla SalleeExecutive DiFT$2,083$2,083

Board Members and Trustees

NameTitle
Angela BarbosaPresident
Michele HockwaltPresident
Angela EdenDirector
David HappeDirector
David ShadeDirector
Holly MillerDirector
Kathi MeyerDirector
Kendall ZinserDirector
Laura SandlinDirector
Leila KelleyDirector
Marilyn AultDirector
Nancy RickerDirector
Paula BivensDirector
Shelly SparksDirector
Sydney SchieveDirector
Cindy LananePast Preside
Dr E Darlene MillerPast Preside
Rick ValePast Preside
Julie StiersSecretary
Brett SpanglerTreasurer
Jessica Carson-bannonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$146,828
Program Service Revenue
$28,776
Investment Income
$1
Other Revenue
$616
All Other Contributions
$146,828
Change in Net Assets
$39,719
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$96,063
Salaries, Compensation, and Employee Benefits$40,439
Total Fundraising Expense$4,203
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$33,809$1,878$1,878$37,565
Fees for Services Management$10,664$593$593$11,850
Other Expenses$7,823--$7,823
Office Expenses$6,109$339$339$6,787
Occupancy$4,860$270$270$5,400
Advertising$4,115--$4,115
Insurance$3,429$191$191$3,811
Fees for Services Accounting$2,849$158$158$3,165
Payroll Taxes$2,586$144$144$2,874
All Other Expenses$1,750-$525$2,275
Depreciation Depletion$1,887$105$105$2,097
Interest$38--$38
Total Functional Expenses$128,621$3,678$4,203$136,502
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Protection Plan$21,192
Payroll Liability$910
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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 form 990 is reviewed by the executive committee and a recommendation is made to the full board for their approval.

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

Compensation for the executive director is determined through an annual review by the executive committee.

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

The compensation process for officers or key employees is determined by theemployee's annual review.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Anderson Symphony Orchestra Assoc
EIN
31-0940546
Phone
7656442111
Address
1124 MERIDIAN PLAZA SUITE C, ANDERSON, IN 46016

Signing Officer

Name
Darla Sallee
Title
Executive Director
Phone
7656442111
Signed
2022-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Darla Sallee
Formed
1978
Legal Domicile
In
Voting Board Members
21
Independent Board Members
21
Employees
2

Preparer

Firm
Silverstone Business Solutions Inc
Address
12638 CASTETTER CT, FISHERS, IN 46038-1081
Preparer
Brett a Spangler
Phone
3174451118
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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Peer Organizations

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