Civic Intelligence

Cleveland Pops Orchestra

990 • Fiscal year 2016 • EIN 34-1769835

Sep 01, 2015 to Aug 31, 2016 • Filed on Jul 17, 2017

24000 Mercantile Rd Unit 8Beachwood, OH 44122

(216) 765-7677

Siviq Scores

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

Liabilities / Assets

86th percentile

0.59x

Higher debt load relative to assets than 86% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

82nd percentile

0.40x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

33rd percentile

-3.0%

Higher net margin than 33% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

68th percentile

$54,000

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

22nd percentile

-6.3%

Faster asset growth than 22% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

28th percentile

-8.1%

Faster revenue growth than 28% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$627,481

Down $41,891 (-6.3%) from 2015

Net Assets

Down

$254,986

Down $18,572 (-6.8%) from 2015

Liabilities

Down

$372,495

Down $23,319 (-5.9%) from 2015

Revenue

Down

$929,961

Down $82,283 (-8.1%) from 2015

Expenses

Down

$958,091

Down $34,221 (-3.4%) from 2015

Net Income

Down

-$28,130

Down $48,062 (-241%) from 2015

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $459,360Liabilities 2010: $223,484Net Assets 2010: $235,8762010Assets 2012: $644,792Liabilities 2012: $242,984Net Assets 2012: $401,8082012Assets 2013: $632,413Liabilities 2013: $335,243Net Assets 2013: $297,1702013Assets 2014: $624,038Liabilities 2014: $348,854Net Assets 2014: $275,1842014Assets 2015: $669,372Liabilities 2015: $395,814Net Assets 2015: $273,5582015Assets 2016: $627,481Liabilities 2016: $372,495Net Assets 2016: $254,9862016Assets 2017: $463,091Liabilities 2017: $333,604Net Assets 2017: $129,4872017Assets 2018: $549,080Liabilities 2018: $401,730Net Assets 2018: $147,3502018Assets 2019: $630,101Liabilities 2019: $522,620Net Assets 2019: $107,4812019Assets 2020: $375,833Liabilities 2020: $291,044Net Assets 2020: $84,7892020Assets 2021: $788,447Liabilities 2021: $548,817Net Assets 2021: $239,6302021Assets 2022: $688,573Liabilities 2022: $255,069Net Assets 2022: $433,5042022Assets 2023: $504,291Liabilities 2023: $376,315Net Assets 2023: $127,9762023Assets 2024: $653,823Liabilities 2024: $591,261Net Assets 2024: $62,5622024

Highlighted filing

2016

Assets$627,481
Liabilities$372,495
Net Assets$254,986

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $913,9732010Expenses 2012: $942,6402012Expenses 2013: $946,8452013Revenue 2014: $1,005,100Expenses 2014: $1,027,086Net Income 2014: -$21,9862014Revenue 2015: $1,012,244Expenses 2015: $992,312Net Income 2015: $19,9322015Revenue 2016: $929,961Expenses 2016: $958,091Net Income 2016: -$28,1302016Revenue 2017: $917,550Expenses 2017: $1,042,572Net Income 2017: -$125,0222017Revenue 2018: $1,066,232Expenses 2018: $1,057,433Net Income 2018: $8,7992018Revenue 2019: $1,029,056Expenses 2019: $1,069,654Net Income 2019: -$40,5982019Revenue 2020: $843,041Expenses 2020: $865,007Net Income 2020: -$21,9662020Revenue 2021: $559,742Expenses 2021: $443,262Net Income 2021: $116,4802021Revenue 2022: $1,301,957Expenses 2022: $1,085,378Net Income 2022: $216,5792022Revenue 2023: $1,096,959Expenses 2023: $1,413,025Net Income 2023: -$316,0662023Revenue 2024: $1,164,725Expenses 2024: $1,324,738Net Income 2024: -$160,0132024

Highlighted filing

2016

Revenue$929,961
Expenses$958,091
Net Income-$28,130
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Jul 17, 2017
Return Version
2015v3.0
Gross Receipts
$962,184
Mission and Program Overview

Mission

The cleveland pops orchestra is committed to preserving symphonic pops music of the highest artistic quality that is entertaining and exciting to a wide and diverse audience, and to provide educational programs that develop a love and understanding of music for youth and adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$159,400$240,815▲ $81,415
Prepaid Expenses and Deferred Charges$85,543$111,214▲ $25,671
Investments in Publicly Traded Securities$81,608$92,863▲ $11,255
Accounts Receivable$35,735$91,546▲ $55,811
Pledges and Grants Receivable$38,977$57,338▲ $18,361
Intangible Assets$27,854$16,662▼ $11,192
Land, Buildings, and Equipment, Net-$8,395-
Savings and Temporary Cash Investments$237,305$5,698▼ $231,607
Total Assets$669,372$627,481▼ $41,891
Other Assets Total$2,950$2,950→ $0
Liabilities
Deferred Revenue$304,315$315,332▲ $11,017
Accounts Payable and Accrued Expenses$91,499$57,163▼ $34,336
Total Liabilities$395,814$372,495▼ $23,319
Net Assets / Fund Balance
Unrestricted Net Assets$215,372$220,787▲ $5,415
Temporarily Rstr Net Assets$58,186$34,199▼ $23,987
Total Net Assets Fund Balance$273,558$254,986▼ $18,572
Total Liabilities and Net Assets / Fund Balance$669,372$627,481▼ $41,891

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$8,395$847$9,242

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$81,608-▲ $6,539-$88,147
2014$174,514-▼ $7,906$85,000$81,608
2013$206,655-▲ $22,859$50,000$179,514
2012$301,424-▲ $5,231$100,000$206,655
2011$150,059$150,000▲ $191-$301,424
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Shirley MorgensternPres & CEOFT$54,000$54,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$304,980
Program Service Revenue
$628,000
Investment Income
$-3,019
Other Revenue
$0
All Other Contributions
$133,544
Change in Net Assets
$-28,130

Audited Revenue Reconciliation

Revenue per Audited Statements
$929,961
Revenue Not Reported on Form 990
$54,558
Total Revenue per Audited Statements
$984,519
Total Revenue per Form 990
$929,961
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$784,545
Salaries, Compensation, and Employee Benefits$133,103
Total Fundraising Expense$80,998
Professional Fundraising Fees$40,443
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$97,646$586$366$98,598
Other Salaries and Wages$21,501$16,800$28,390$66,691
Current Officers, Directors, Trustees, and Key Employees$43,200$8,100$2,700$54,000
Fees for Services Professional Fundraising--$40,443$40,443
Occupancy$25,167$4,249$3,268$32,684
Office Expenses$23,034$4,066$1,542$28,642
All Other Expenses$23,145$1,122$556$24,823
Fees for Services Accounting-$22,574-$22,574
Other Expenses$12,825--$12,825
Payroll Taxes$6,905$2,507$3,000$12,412
Depreciation Depletion$12,040--$12,040
Information Technology$6,347-$705$7,052
Insurance$2,014$2,014-$4,028
Conferences and Meetings$1,990$351$28$2,369
Total Functional Expenses$814,724$62,369$80,998$958,091

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,003,091
Expenses per Audited Statements$958,091
Total Expenses per Form 990$958,091
Expenses Not Reported on Form 990$45,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$40,443
Fundraising Direct Expenses$32,223
Fundraising Gross Income$32,223

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gclef Ball$81,295$30,400$3,237$27,163
Other Special E$16,253$1,823$38$1,785
Total Events$97,548$32,223$32,223-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Carl TopilowSpouse of CEOMusic Dir/conductNo$14,490
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
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

Form 990, Page 6, Part VI, Line 11B

Prior to filing, the form 990 is presented to the finance/audit committee, finance staff, and the president/ceo director for review and approval. The board was then provided a copy prior to electronic filing.

Form 990, Page 6, Part VI, Line 12C

Each year, board members and staff are asked to review the pops' conflict of interest policy and to complete a "disclosure of interest certificate". The certificate requests that the directors and staff, to the best of their knowledge and belief, disclose affiliations with organizations, or related parties of such organizations, that may potentially result in a conflict of interest. If a potential conflict of interest is identified, appropriate steps are taken both to assess the nature of the potential conflict and, subsequently, to ensure that the possibiity of an actual conflict is mitigated. Such mitigation may be achieved through the recusal or firewalling of the individual in question, thus ensuring that the conflict is managed and the letter and spirit of the conflicts policy is upheld. The governance committee is charged for monitoring the organization's conflict of interest policy.

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

The executive committee annually evaluates the performance of the president/ceo. Compensation is based on performance and compared to statistics published each year by the america orchestra league and also to comparison to her peers with similar orchestras in budget size and number of performances. The review is performed by independent persons and after deliberation, the decision is contemporaneously documented.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Cleveland Pops Orchestra
EIN
34-1769835
Phone
2167657677
Address
24000 MERCANTILE RD UNIT 8, BEACHWOOD, OH 44122

Signing Officer

Name
Shirley Morgenstern
Title
Pres & CEO
Phone
2167657677
Signed
2017-07-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Messinger
Formed
1994
Legal Domicile
Oh
Voting Board Members
19
Independent Board Members
19
Employees
6
Volunteers
120

Preparer

Firm
H & J Certified Public Accountants Inc
Address
7555 FREDLE DR STE 110, CONCORD, OH 44077
Preparer
Rolland B Standish
Phone
4409512997
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The cleveland pops orchestra is committed to preserving symphonic pops music of the highest artistic quality that is entertaining and exciting to a wide and diverse audience, and to provide educational programs that develop a love and understanding of music for youth and adults.

Form 990, Page 2, Part III, Line 4A

Our actual music program in schools throughout the region, thereby giving the next generation the beginning of a lifelong appreciation of the arts. - our jean l. Petitt scholarship award for high school students provided young artists performance opportunities with the cleveland pops orchestra and resources towards continuing their education. - youth ensembles, including the contemporary youth orchestra, performed with our professional musicians. The cleveland pops orchestra performed 7 concerts with an approximate attendance of 14,000. Also, 5 run-out concerts were performed, sponsored by local corporations, municipalities, schools and nonprofit entities with an approximate attendance of 30,000.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

To provide financial stability to the orchestra and to enrich and expand its programs, all as determined from time to time by its board.

Schedule D, Page 3, Part X

The orchestra is exempt from federal income taxes under section 501(c)(3) of the internal revenue code (the "code") as a charitable organization whereby only unrelated business income, as defined by section 509(a)(1) of the code, is subject to federal income tax. The orchestra currently has no unrelated business income. Accordingly, no provision for income taxes has been recorded. The orchestra's policy is to record a liability for any tax position taken that is beneficial to the orchestra, including penalties and interest, when it is more likely than not the position taken will be overturned by a taxing authority upon examination. Management believes there are no such positions as of august 31, 2016 and, accordingly, no liability has been accrued.

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IRS990/Desc0ACCOMPLISHMENTS IN 2016. THROUGH YOUR GENEROSITY, WE ACHIEVED NEW HEIGHTS, INCLUDING: - OVER 44,000 PEOPLE WERE ABLE TO ATTEND OUR CONCERTS. FROM SEVERANCE HALL, CONNOR PALACE, AND FREE OUTDOOR CONCERTS AROUND OUR REGION, THE POPS CONNECTS PEOPLE FROM ALL WALKS OF LIFE WITH THE MUSIC OF THEIR LIVES. - OVER 100 PROFESSIONAL MUSICIANS FROM NORTHEAST OHIO WERE EMPLOYED THROUGH THE POPS. - NATIONALLY ACCLAIMED GUEST STARS HAVE WOWED AUDIENCES, BRINGING YOU THE MUSIC YOU LOVE FROM BROADWAY, THE MOVIES, JAZZ, AND LIGHT CLASSICS. - SCHOOL CHILDREN LEARNED MOVEMENT, VOICE, AND HOW TO PLAY MUSIC THROUGH OUR ACTUAL MUSIC PROGRAM IN SCHOOLS THROUGHOUT THE REGION, THEREBY GIVING THE NEXT GENERATION THE BEGINNING OF A LIFELONG APPRECIATION OF THE ARTS. - OUR JEAN L. PETITT SCHOLARSHIP AWARD FOR HIGH SCHOOL STUDENTS PROVIDED YOUNG ARTISTS PERFORMANCE OPPORTUNITIES WITH THE CLEVELAND POPS ORCHESTRA AND RESOURCES TOWARDS CONTINUING THEIR EDUCATION. - YOUTH ENSEMBLES, INCLUDING THE CONTEMPORARY YOUTH ORCHESTRA, PERFORMED WITH OUR PROFESSIONAL MUSICIANS. THE CLEVELAND POPS ORCHESTRA PERFORMED 7 CONCERTS WITH AN APPROXIMATE ATTENDANCE OF 14,000. ALSO, 5 RUN-OUT CONCERTS WERE PERFORMED, SPONSORED BY LOCAL CORPORATIONS, MUNICIPALITIES, SCHOOLS AND NONPROFIT ENTITIES WITH AN APPROXIMATE ATTENDANCE OF 30,000.
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IRS990/Form990PartVIISectionAGrp/PersonNm17MICHAEL A SHEMO
IRS990/Form990PartVIISectionAGrp/PersonNm18ROBERT WELTMAN
IRS990/Form990PartVIISectionAGrp/PersonNm19SHIRLEY MORGENSTERN
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IRS990/MissionDesc0THE CLEVELAND POPS ORCHESTRA IS COMMITTED TO PRESERVING SYMPHONIC POPS MUSIC OF THE HIGHEST ARTISTIC QUALITY THAT IS ENTERTAINING AND EXCITING TO A WIDE AND DIVERSE AUDIENCE, AND TO PROVIDE EDUCATIONAL PROGRAMS THAT DEVELOP A LOVE AND UNDERSTANDING OF MUSIC FOR YOUTH AND ADULTS.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.65$0.59$0.06$1.16$1.32$0.16
2023Detailed filing. Detailed filing data is available for this year.$0.50$0.38$0.13$1.10$1.41$0.32
2022Detailed filing. Detailed filing data is available for this year.$0.69$0.26$0.43$1.30$1.09$0.22
2021Detailed filing. Detailed filing data is available for this year.$0.79$0.55$0.24$0.56$0.44$0.12
2020Detailed filing. Detailed filing data is available for this year.$0.38$0.29$0.08$0.84$0.87$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.63$0.52$0.11$1.03$1.07$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.55$0.40$0.15$1.07$1.06$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.46$0.33$0.13$0.92$1.04$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.63$0.37$0.25$0.93$0.96$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.67$0.40$0.27$1.01$0.99$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.62$0.35$0.28$1.01$1.03$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.34$0.30$0.95
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.24$0.40$0.94
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.22$0.24$0.91