Civic Intelligence

Lexington Philharmonic Orchestra Foundation Inc.

990 • Fiscal year 2019 • EIN 31-0951921

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 15, 2020

161 N Mill StreetLexington, KY 40507

(859) 233-4226

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

14th percentile

-19%

Higher net margin than 14% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

33rd percentile

-1.4%

Faster asset growth than 33% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

5th percentile

-49%

Faster revenue growth than 5% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$2,718,182

Down $39,202 (-1.4%) from 2018

Net Assets

Down

$2,718,182

Down $39,202 (-1.4%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$131,570

Down $125,510 (-49%) from 2018

Expenses

Down

$155,941

Down $12,839 (-7.6%) from 2018

Net Income

Down

-$24,371

Down $112,671 (-128%) from 2018

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,763,081Liabilities 2010: $0Net Assets 2010: $1,763,0812010Assets 2012: $1,934,206Liabilities 2012: $0Net Assets 2012: $1,934,2062012Assets 2013: $2,301,408Liabilities 2013: $4,326Net Assets 2013: $2,297,0822013Assets 2014: $2,736,730Liabilities 2014: $248Net Assets 2014: $2,736,4822014Assets 2015: $2,639,668Liabilities 2015: $0Net Assets 2015: $2,639,6682015Assets 2018: $2,757,384Liabilities 2018: $0Net Assets 2018: $2,757,3842018Assets 2019: $2,718,182Liabilities 2019: $0Net Assets 2019: $2,718,1822019Assets 2020: $2,725,323Liabilities 2020: $500Net Assets 2020: $2,724,8232020Assets 2021: $3,342,464Liabilities 2021: $0Net Assets 2021: $3,342,4642021Assets 2022: $2,728,841Liabilities 2022: $0Net Assets 2022: $2,728,8412022Assets 2023: $2,881,068Liabilities 2023: $0Net Assets 2023: $2,881,0682023Assets 2024: $2,991,227Liabilities 2024: $0Net Assets 2024: $2,991,2272024Assets 2025: $3,068,700Liabilities 2025: $0Net Assets 2025: $3,068,7002025

Highlighted filing

2019

Assets$2,718,182
Liabilities$0
Net Assets$2,718,182

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $64,6162010Expenses 2012: $271,3882012Expenses 2013: $140,2392013Revenue 2014: $317,016Expenses 2014: $154,090Net Income 2014: $162,9262014Revenue 2015: $161,284Expenses 2015: $145,332Net Income 2015: $15,9522015Revenue 2018: $257,080Expenses 2018: $168,780Net Income 2018: $88,3002018Revenue 2019: $131,570Expenses 2019: $155,941Net Income 2019: -$24,3712019Revenue 2020: $94,771Expenses 2020: $141,447Net Income 2020: -$46,6762020Revenue 2021: $428,649Expenses 2021: $139,614Net Income 2021: $289,0352021Revenue 2022: $174,681Expenses 2022: $156,664Net Income 2022: $18,0172022Revenue 2023: $177,166Expenses 2023: $170,445Net Income 2023: $6,7212023Revenue 2024: $145,653Expenses 2024: $260,836Net Income 2024: -$115,1832024Revenue 2025: $150,702Expenses 2025: $254,730Net Income 2025: -$104,0282025

Highlighted filing

2019

Revenue$131,570
Expenses$155,941
Net Income-$24,371
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 15, 2020
Return Version
2018v3.1
Gross Receipts
$332,376
Mission and Program Overview

Mission

To provide financial assistance to the lexington philharmonic society in its mission to foster excellence and innovation in performances and presentation of great music; to enrich the lives of our diverse citizenry; to educate current and future audiences and to bring distinction to our community through the orchestra's presence and standing.

Financial assistance to the lexington philharmonic society, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,469,078$2,379,221▼ $89,857
Cash and Non-Interest-Bearing Accounts$33,608$15,675▼ $17,933
Pledges and Grants Receivable$2,700$2,700→ $0
Accounts Receivable$659$129▼ $530
Total Assets$2,757,384$2,718,182▼ $39,202
Other Assets Total$251,339$320,457▲ $69,118
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$2,585,791$2,546,589▼ $39,202
Permanently Rstr Net Assets$110,000$110,000→ $0
Temporarily Rstr Net Assets$61,593$61,593→ $0
Total Net Assets Fund Balance$2,757,384$2,718,182▼ $39,202
Total Liabilities and Net Assets / Fund Balance$2,757,384$2,718,182▼ $39,202

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$100,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$2,143,064$2,850--$2,145,914
2017$2,117,464$25,600--$2,143,064
2016$2,101,664$15,800--$2,117,464
2015$2,108,169$14,750▼ $21,255-$2,101,664
2014$2,098,444$9,725--$2,108,169
Compensation and Service Providers

Board Members and Trustees

NameTitle
Denise H McclellandChair
Larry C DeenerVice-chair
Anne E BoltonBoard Member
Jackie HamiltonBoard Member
Lou JonesBoard Member
Paula ShivesBoard Member
Renee SmithBoard Member
Sharon C ReedBoard Member
David PorterSecretary / Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,850
Program Service Revenue
$0
Investment Income
$128,720
Other Revenue
$0
All Other Contributions
$2,850
Change in Net Assets
$-24,371
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$155,941
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$24,310-$24,310
Insurance-$1,003-$1,003
Other Expenses$130,000$550-$550
Office Expenses-$78-$78
Total Functional Expenses$130,000$25,941$0$155,941
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
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A copy of the 990 is provided to the board of directors for review before filing.

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

Directors are required to sign written disclosure statement concerning any existing or potential conflicts of interest. Directors are required to notify board of directors if circumstances change during the fiscal year.

Form 990, Part VI, Section C, Line 19

Organizational documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Lexington Philharmonic Orchestra
EIN
31-0951921
Phone
8592334226
Address
161 N MILL STREET, LEXINGTON, KY 40507

Signing Officer

Name
Denise H Mcclelland
Title
Chairperson
Phone
8592334226
Signed
2020-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Denise H Mcclelland
Formed
1977
Legal Domicile
Ky
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
15

Preparer

Firm
Rfh Pllc
Address
300 WEST VINE STREET STE 800, LEXINGTON, KY 40507-1812
Preparer
Heather R Cochran CPA
Phone
8592311800
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The foundation's endowment consists primarily of quasi-endowment funds set aside by the board of directors for the purposes of providing income to fund the lexington philharmonic society's operations.

PART X, LINE 2:

Management has analyzed the tax positions taken by the philharmonic foundation and has concluded that as of june 30, 2019, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the combined financial statements.

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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02117464
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02108169
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt014750
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02101664
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-21255
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02098444
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt09725
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02108169
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0220457
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1100000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICIAL INTEREST IN INVESTMENTS HELD BY BLUEGRASS COMMUNITY FOUNDATION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LOAN RECEIVABLE - LEXINGTON PHILHARMONIC SOCIETY
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.05130
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S ENDOWMENT CONSISTS PRIMARILY OF QUASI-ENDOWMENT FUNDS SET ASIDE BY THE BOARD OF DIRECTORS FOR THE PURPOSES OF PROVIDING INCOME TO FUND THE LEXINGTON PHILHARMONIC SOCIETY'S OPERATIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PHILHARMONIC FOUNDATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2019, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0320457
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTORS ARE REQUIRED TO SIGN WRITTEN DISCLOSURE STATEMENT CONCERNING ANY EXISTING OR POTENTIAL CONFLICTS OF INTEREST. DIRECTORS ARE REQUIRED TO NOTIFY BOARD OF DIRECTORS IF CIRCUMSTANCES CHANGE DURING THE FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATIONAL DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LEXINGTON PHILHARMONIC SOCIETY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0616033529
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ORCHESTRA PERFORMANCES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0161 N MILL STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LEXINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd040507
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0130000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1100000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0BOARD DECISION
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1AMOUNT LOANED
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0LEXINGTON PHILHARMONIC SOCIETY INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1LEXINGTON PHILHARMONIC SOCIETY INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1D
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt061593
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt061593
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02757384
IRS990/TotalAssetsEOYAmt02718182
IRS990/TotalAssetsGrp/BOYAmt02757384
IRS990/TotalAssetsGrp/EOYAmt02718182
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02850
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025941
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0130000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0155941
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02757384
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02718182
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0130000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt093603
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt035117
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0131570
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02757384
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02718182
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02585791
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02546589
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0161 N MILL STREET
IRS990/USAddress/CityNm0LEXINGTON
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd040507
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DENISE H MCCLELLAND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum08592334226
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEXINGTON PHILHARMONIC ORCHESTRA
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.07$0.00$3.07$0.15$0.25$0.10
2024Detailed filing. Detailed filing data is available for this year.$2.99$0.00$2.99$0.15$0.26$0.12
2023Detailed filing. Detailed filing data is available for this year.$2.88$0.00$2.88$0.18$0.17$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.73$0.00$2.73$0.17$0.16$0.02
2021Detailed filing. Detailed filing data is available for this year.$3.34$0.00$3.34$0.43$0.14$0.29
2020Detailed filing. Detailed filing data is available for this year.$2.73$0.00$2.72$0.09$0.14$0.05
2019Detailed filing. Detailed filing data is available for this year.$2.72$0.00$2.72$0.13$0.16$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.76$0.00$2.76$0.26$0.17$0.09
2015Detailed filing. Detailed filing data is available for this year.$2.64$0.00$2.64$0.16$0.15$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.74$0.00$2.74$0.32$0.15$0.16
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.30$0.00$2.30$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$0.00$1.93$0.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.76$0.00$1.76$0.06