Civic Intelligence

Lexington Philharmonic Orchestra Foundation Inc.

990 • Fiscal year 2022 • EIN 31-0951921

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 15, 2023

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

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

56th percentile

10%

Higher net margin than 56% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

9th percentile

-18%

Faster asset growth than 9% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

5th percentile

-59%

Faster revenue growth than 5% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$2,728,841

Down $613,623 (-18%) from 2021

Net Assets

Down

$2,728,841

Down $613,623 (-18%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Down

$174,681

Down $253,968 (-59%) from 2021

Expenses

Up

$156,664

Up $17,050 (+12%) from 2021

Net Income

Down

$18,017

Down $271,018 (-94%) from 2021

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

2022

Assets$2,728,841
Liabilities$0
Net Assets$2,728,841

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

2022

Revenue$174,681
Expenses$156,664
Net Income$18,017
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 15, 2023
Return Version
2021v4.2
Gross Receipts
$174,681
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$2,855,228$2,272,500▼ $582,728
Savings and Temporary Cash Investments$80,139$80,139→ $0
Cash and Non-Interest-Bearing Accounts$44,584$52,516▲ $7,932
Accounts Receivable$3,098$5,721▲ $2,623
Pledges and Grants Receivable$2,700$2,700→ $0
Total Assets$3,342,464$2,728,841▼ $613,623
Other Assets Total$356,715$315,265▼ $41,450
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,090,871$2,477,248▼ $613,623
Net Assets With Donor Restrictions$251,593$251,593→ $0
Total Net Assets Fund Balance$3,342,464$2,728,841▼ $613,623
Total Liabilities and Net Assets / Fund Balance$3,342,464$2,728,841▼ $613,623

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$54,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$2,244,514---$2,244,514
2020$2,243,118$1,396--$2,244,514
2019$2,145,914$97,204--$2,243,118
2018$2,143,064$2,850--$2,145,914
2017$2,117,464$25,600--$2,143,064
Compensation and Service Providers

Board Members and Trustees

NameTitle
John WhartonChair
Sharon ReedVice-chair
David PorterBoard Member
Jackie S HamiltonBoard Member
John GardnerBoard Member
Larry C DeenerBoard Member
Lou H JonesBoard Member
Renee SmithBoard Member
Carol Mcleod DvmEx Officio Member
Denise H McclellandSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$174,681
Other Revenue
$0
Change in Net Assets
$18,017
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$156,664
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-$19,086-$19,086
Insurance-$1,078-$1,078
Other Expenses$6,000$500-$500
Total Functional Expenses$136,000$20,664$0$156,664
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
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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 A, Line 4

The foundation amended their bylaws to reflect that at all times a majority of the board of directors of the foundation shall be appointed by action of the lexington philharmonic society, inc.

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
John Wharton
Title
Chairperson
Phone
8592334226
Signed
2023-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Wharton
Formed
1977
Legal Domicile
Ky
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

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, 2022, 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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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0136000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LEXINGTON PHILHARMONIC SOCIETY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0136000
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02244514
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02244514
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02243118
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01396
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02244514
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02145914
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt097204
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02243118
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02143064
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt02850
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02145914
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02117464
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt025600
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02143064
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0261265
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt154000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICIAL INTEREST IN INVESTMENTS HELD BY BLUEGRASS COMMUNITY FOUNDATION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LOAN RECEIVABLE - LEXINGTON PHILHARMONIC SOCIETY
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, 2022, 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/TotalBookValueOtherAssetsAmt0315265
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION AMENDED THEIR BYLAWS TO REFLECT THAT AT ALL TIMES A MAJORITY OF THE BOARD OF DIRECTORS OF THE FOUNDATION SHALL BE APPOINTED BY ACTION OF THE LEXINGTON PHILHARMONIC SOCIETY, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTORS 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/ExplanationTxt3ORGANIZATIONAL DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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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/InvolvedAmt0136000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt154000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0BOARD DECISION
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1AMOUNT LOANED
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0LEXINGTON PHILHARMONIC SOCIETY INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1LEXINGTON PHILHARMONIC SOCIETY INC
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IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1D
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IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt02728841
IRS990/TotalAssetsGrp/BOYAmt03342464
IRS990/TotalAssetsGrp/EOYAmt02728841
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020664
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0136000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0156664
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03342464
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02728841
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0136000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0107941
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt066740
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0174681
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03342464
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02728841
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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