Civic Intelligence

Grant Park Orchestral Association

990 • Fiscal year 2015 • EIN 32-0005884

Jan 01, 2015 to Dec 31, 2015 • Filed on Sep 12, 2016

205 E Randolph StreetChicago, IL 60601

(312) 742-7637

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.03x

Higher debt load relative to assets than 32% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

24th percentile

0.02x

Higher debt load relative to revenue than 24% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

90th percentile

42%

Higher net margin than 90% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

88th percentile

$180,853

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

97th percentile

150%

Faster asset growth than 97% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

92nd percentile

73%

Faster revenue growth than 92% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$2,981,686

Up $1,787,677 (+150%) from 2014

Net Assets

Up

$2,905,374

Up $1,779,637 (+158%) from 2014

Liabilities

Up

$76,312

Up $8,040 (+12%) from 2014

Revenue

Up

$4,247,714

Up $1,790,062 (+73%) from 2014

Expenses

Up

$2,468,077

Up $42,205 (+1.7%) from 2014

Net Income

Up

$1,779,637

Up $1,747,857 (+5500%) from 2014

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $508,393Liabilities 2010: $198,475Net Assets 2010: $309,9182010Assets 2011: $356,749Liabilities 2011: $49,347Net Assets 2011: $307,4022011Assets 2012: $866,287Liabilities 2012: $48,771Net Assets 2012: $817,5162012Assets 2013: $1,160,066Liabilities 2013: $66,109Net Assets 2013: $1,093,9572013Assets 2014: $1,194,009Liabilities 2014: $68,272Net Assets 2014: $1,125,7372014Assets 2015: $2,981,686Liabilities 2015: $76,312Net Assets 2015: $2,905,3742015Assets 2016: $3,293,512Liabilities 2016: $163,243Net Assets 2016: $3,130,2692016Assets 2017: $3,673,058Liabilities 2017: $88,987Net Assets 2017: $3,584,0712017Assets 2018: $5,086,139Liabilities 2018: $88,675Net Assets 2018: $4,997,4642018Assets 2019: $6,335,714Liabilities 2019: $153,220Net Assets 2019: $6,182,4942019Assets 2020: $10,350,569Liabilities 2020: $983,213Net Assets 2020: $9,367,3562020Assets 2021: $15,259,948Liabilities 2021: $2,282,648Net Assets 2021: $12,977,3002021Assets 2022: $15,549,160Liabilities 2022: $334,912Net Assets 2022: $15,214,2482022Assets 2023: $23,109,304Liabilities 2023: $386,909Net Assets 2023: $22,722,3952023Assets 2024: $30,843,125Liabilities 2024: $466,100Net Assets 2024: $30,377,0252024

Highlighted filing

2015

Assets$2,981,686
Liabilities$76,312
Net Assets$2,905,374

Operations Trend

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

$15M$10M$5.0M$0Expenses 2010: $1,750,0852010Expenses 2011: $1,766,4052011Expenses 2012: $1,950,5552012Revenue 2013: $2,361,228Expenses 2013: $2,084,787Net Income 2013: $276,4412013Revenue 2014: $2,457,652Expenses 2014: $2,425,872Net Income 2014: $31,7802014Revenue 2015: $4,247,714Expenses 2015: $2,468,077Net Income 2015: $1,779,6372015Revenue 2016: $5,665,829Expenses 2016: $5,440,934Net Income 2016: $224,8952016Revenue 2017: $5,758,166Expenses 2017: $5,586,085Net Income 2017: $172,0812017Revenue 2018: $7,423,326Expenses 2018: $5,717,218Net Income 2018: $1,706,1082018Revenue 2019: $6,706,517Expenses 2019: $6,246,611Net Income 2019: $459,9062019Revenue 2020: $4,809,523Expenses 2020: $2,544,101Net Income 2020: $2,265,4222020Revenue 2021: $7,547,765Expenses 2021: $5,133,484Net Income 2021: $2,414,2812021Revenue 2022: $11,581,429Expenses 2022: $7,147,455Net Income 2022: $4,433,9742022Revenue 2023: $12,260,099Expenses 2023: $7,163,176Net Income 2023: $5,096,9232023Revenue 2024: $13,084,147Expenses 2024: $7,918,388Net Income 2024: $5,165,7592024

Highlighted filing

2015

Revenue$4,247,714
Expenses$2,468,077
Net Income$1,779,637
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Sep 12, 2016
Return Version
2015v2.1
Gross Receipts
$4,344,725
Mission and Program Overview

Mission

(SEE SCHEDULE O)

see schedule O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$809,695$1,438,392▲ $628,697
Pledges and Grants Receivable$296,379$1,425,592▲ $1,129,213
Land, Buildings, and Equipment, Net$39,989$83,579▲ $43,590
Prepaid Expenses and Deferred Charges$42,837$34,045▼ $8,792
Accounts Receivable$5,109$78▼ $5,031
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,194,009$2,981,686▲ $1,787,677
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$62,304$73,382▲ $11,078
Deferred Revenue$5,968$2,930▼ $3,038
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$68,272$76,312▲ $8,040
Net Assets / Fund Balance
Unrestricted Net Assets$805,767$1,921,874▲ $1,116,107
Temporarily Rstr Net Assets$319,970$983,500▲ $663,530
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$1,125,737$2,905,374▲ $1,779,637
Total Liabilities and Net Assets / Fund Balance$1,194,009$2,981,686▲ $1,787,677

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$83,579$70,271$153,850
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paul WinbergPresident & CEOFT$168,540$12,313$180,853

Highest Paid Contractors

ContractorServicesLocationCompensation
Kobotech IncProduction Services8 S Michigan Ave 810, Chicago, IL 60603$377,868
Revenue and Support

Revenue Composition

Contributions and Grants
$4,244,055
Program Service Revenue
$61,365
Investment Income
$0
Other Revenue
$-57,706
All Other Contributions
$2,678,315
Change in Net Assets
$1,779,637

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,247,714
Revenue Not Reported on Form 990
$3,231,632
Total Revenue per Audited Statements
$7,479,346
Total Revenue per Form 990
$4,247,714
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,548,235
Salaries, Compensation, and Employee Benefits$895,477
Total Fundraising Expense$471,370
Professional Fundraising Fees$24,365
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$918,626$9,885$29,293$957,804
Other Salaries and Wages$258,071$101,844$238,198$598,113
Current Officers, Directors, Trustees, and Key Employees-$180,853-$180,853
Office Expenses$50,867$34,542$60,456$145,865
Travel$139,657$596$1,391$141,644
Payroll Taxes$22,901$18,032$18,173$59,106
Other Employee Benefits$11,449$8,788$25,753$45,990
Information Technology$11,823$4,268$19,065$35,156
Advertising$31,588-$2,828$34,416
Fees for Services Professional Fundraising--$24,365$24,365
Other Expenses$3,601$13,276$4,984$21,861
Depreciation Depletion-$21,829-$21,829
Fees for Services Accounting-$18,066-$18,066
Pension Plan Contributions$3,666$2,398$5,351$11,415
Insurance$3,657$2,693$2,476$8,826
Conferences and Meetings-$2,064-$2,064
Total Functional Expenses$1,542,956$453,751$471,370$2,468,077

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,699,709
Expenses Not Reported on Form 990$3,231,632
Expenses per Audited Statements$2,468,077
Total Expenses per Form 990$2,468,077
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$97,011
Fundraising Gross Income$32,720
Professional Fundraising Fees$24,365

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Awards Benefit$332,782$32,720$64,311$-31,591
Total Events$332,782$32,720$97,011$-64,291
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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

Part VI, Section B, Line 11B:

The board of directors has delegated the authority to review and approve the form 990 to the finance committee. The finance committee holds a conference call or in-person meeting to review the final draft form 990. Once the committee has approved the document, it is filed. This process is begun in advance of the return deadlines to ensure the ample time is allowed for changes as deemed necessary by the committee.

Part VI, Section B, 12C:

The members of the board of directors are required to submit a conflict of interest and relationship disclosure statement annually. During the course of the year, in the event that an officer or director determines that he or she has a conflict of interest on a particular matter before the board, he or she shall disclose the conflict to the board of directors. The officer or director would then be prohibited from participating in discussion and voting on the matter at hand, unless a majority of the disinterested directors present determines otherwise.

Part VI, Section B, Line 15B:

The board of directors remanded the ceo's annual review process to the officers of the board (chair, vice chair, secretary, and treasurer). In addition to reviewing the ceo's performance, the officers also reviewed the compensation of the ceo. The committee used executive compensation data gathered by the league of american orchestras, a national association serving the orchestral music industry, to research comparable compensation rates at similarly sized and organized institutions. Contemporaneous records of the deliberation and review process were kept and have been retained by the chair.

Part VI, Section C, Line 19:

The grant park orchestral association makes its governing documents, conflict of interest policy, and financial statements available upon request. Individuals may request copies of the documents by contacting the association's office by phone, mail or email.

Part VII, Section A, L.10, 11, 12, AND 16:

Raymond a frick, jr (resigned august 2015) rose ann grundman (resigned january 2015) lisa manley (resigned june 2015) karim ahamed (resigned february 2015)

Filing and Contact Details

Filer

Filer Name
Grant Park Orchestral Association
EIN
32-0005884
In Care Of
% HANNAH LEHMAN
Phone
3127427637
Address
205 E Randolph Street, Chicago, IL 60601

Signing Officer

Name
Paul Winberg
Title
President and CEO
Phone
3127427637
Signed
2016-09-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Winberg
Formed
2002
Legal Domicile
Il
Voting Board Members
29
Independent Board Members
29
Employees
65
Volunteers
100

Preparer

Firm
Baker Tilly Virchow Krause LLP
Address
205 N Michigan Ave 28th Floor, Chicago, IL 60601-5927
Preparer
Mark Heroux
Phone
3127298000
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1:

The Grant Park Orchestral Association (the "Association") produces Chicago's Grant Park Music Festival, the nation's leading free outdoor summer classical music series dedicated to making live, high-caliber symphonic performance accessible to Chicagoans of all ages, backgrounds, and means. Featuring the Grammy(R) - nominated Grant Park Orchestra and Chorus, the Festival offers a 10-week season of concerts, artistic development initiatives, radio broadcasts, and community education and outreach programs, sharing the power of music with a worldwide audience of nearly 800,000 people each year.

Form 990 Part IX Line 11G

Description:concert/event production serv total fees:393513

Form 990 Part IX Line 11G

Description:guest artist/conductor fees total fees:344094

Form 990 Part IX Line 11G

Description:consulting services total fees:94431

Form 990 Part IX Line 11G

Description:commissioning fees total fees:42500

Form 990 Part IX Line 11G

Description:graphic design services total fees:39317

Form 990 Part IX Line 11G

Description:photography/videography total fees:4771

Form 990 Part IX Line 11G

Description:other professional fees total fees:39178

Financial Statement Notes

Part X, Line 2:

The Association follows the accounting standards for contingencies in evaluating uncertain tax positions. The guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the Association for uncertain tax positions as of December 31, 2015 and 2014. The Association's tax returns are subject to review and examination by federal and state authorities. The tax returns for the current year as well as fiscal years 2012 and thereafter are open to examination by federal and state authorities.

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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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IRS990/Form990PartVIISectionAGrp/PersonNm1STEPHEN SMITH
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IRS990/Form990PartVIISectionAGrp/PersonNm3Eileen Friestad
IRS990/Form990PartVIISectionAGrp/PersonNm4Adam Grais
IRS990/Form990PartVIISectionAGrp/PersonNm5Cynthia Mufarreh
IRS990/Form990PartVIISectionAGrp/PersonNm6Cynthia Stone Raskin
IRS990/Form990PartVIISectionAGrp/PersonNm7Don Casey
IRS990/Form990PartVIISectionAGrp/PersonNm8Ginger Meyer
IRS990/Form990PartVIISectionAGrp/PersonNm9Jamey Fadim
IRS990/Form990PartVIISectionAGrp/PersonNm10Jerry Goldstone
IRS990/Form990PartVIISectionAGrp/PersonNm11Juan Salgado
IRS990/Form990PartVIISectionAGrp/PersonNm12Karim Ahamed See Sch O
IRS990/Form990PartVIISectionAGrp/PersonNm13Kate Donaldson
IRS990/Form990PartVIISectionAGrp/PersonNm14Kevin Jones
IRS990/Form990PartVIISectionAGrp/PersonNm15Lisa Manley See Sch O
IRS990/Form990PartVIISectionAGrp/PersonNm16Marcia Lazar
IRS990/Form990PartVIISectionAGrp/PersonNm17Michael Cusick
IRS990/Form990PartVIISectionAGrp/PersonNm18Michael Feder
IRS990/Form990PartVIISectionAGrp/PersonNm19Paul Freehling
IRS990/Form990PartVIISectionAGrp/PersonNm20Paula Kahn
IRS990/Form990PartVIISectionAGrp/PersonNm21Penny Brown
IRS990/Form990PartVIISectionAGrp/PersonNm22Peter Ascoli
IRS990/Form990PartVIISectionAGrp/PersonNm23Peter V Baugher
IRS990/Form990PartVIISectionAGrp/PersonNm24Raymond A Frick Jr See Sch O
IRS990/Form990PartVIISectionAGrp/PersonNm25Renee Duba
IRS990/Form990PartVIISectionAGrp/PersonNm26Rhoda Sweeney Drucker
IRS990/Form990PartVIISectionAGrp/PersonNm27Ron Niemaszyk
IRS990/Form990PartVIISectionAGrp/PersonNm28Rose Ann Grundman See Sch O
IRS990/Form990PartVIISectionAGrp/PersonNm29Sam Amelio
IRS990/Form990PartVIISectionAGrp/PersonNm30Susan Noel
IRS990/Form990PartVIISectionAGrp/PersonNm31Vern Broders
IRS990/Form990PartVIISectionAGrp/PersonNm32William Ritchie
IRS990/Form990PartVIISectionAGrp/PersonNm33PAUL WINBERG
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33PRESIDENT & CEO
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.8$0.47$30.4$13.1$7.92$5.17
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.1$0.39$22.7$12.3$7.16$5.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.5$0.33$15.2$11.6$7.15$4.43
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.3$2.28$13.0$7.55$5.13$2.41
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.4$0.98$9.37$4.81$2.54$2.27
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.34$0.15$6.18$6.71$6.25$0.46
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.09$0.09$5.00$7.42$5.72$1.71
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.67$0.09$3.58$5.76$5.59$0.17
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.29$0.16$3.13$5.67$5.44$0.22
2015Detailed filing. Detailed filing data is available for this year.$2.98$0.08$2.91$4.25$2.47$1.78
2014Detailed filing. Detailed filing data is available for this year.$1.19$0.07$1.13$2.46$2.43$0.03
2013Detailed filing. Detailed filing data is available for this year.$1.16$0.07$1.09$2.36$2.08$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.05$0.82$1.95
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.05$0.31$1.77
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.20$0.31$1.75