Civic Intelligence

Cleveland Pops Orchestra

990 • Fiscal year 2021 • EIN 34-1769835

Sep 01, 2020 to Aug 31, 2021 • Filed on Jun 10, 2022

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

90th percentile

0.70x

Higher debt load relative to assets than 90% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

90th percentile

0.98x

Higher debt load relative to revenue than 90% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

63rd percentile

21%

Higher net margin than 63% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

72nd percentile

$59,966

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 10.7% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

92nd percentile

110%

Faster asset growth than 92% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

10th percentile

-34%

Faster revenue growth than 10% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$788,447

Up $412,614 (+110%) from 2020

Net Assets

Up

$239,630

Up $154,841 (+183%) from 2020

Liabilities

Up

$548,817

Up $257,773 (+89%) from 2020

Revenue

Down

$559,742

Down $283,299 (-34%) from 2020

Expenses

Down

$443,262

Down $421,745 (-49%) from 2020

Net Income

Up

$116,480

Up $138,446 (+630%) from 2020

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

2021

Assets$788,447
Liabilities$548,817
Net Assets$239,630

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

2021

Revenue$559,742
Expenses$443,262
Net Income$116,480
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jun 10, 2022
Return Version
2020v4.0
Gross Receipts
$559,742
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.

The cleveland pops orchestra with carl topilow performs the highest quality symphonic pops music to entertain and enrich a wide and diverse audience and provides educational programs to develop an enduring appreciation of music, both enhancing the richness and vibrancy of northeast ohio living.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$178,218$585,978▲ $407,760
Investments Other Securities$108,567$145,292▲ $36,725
Pledges and Grants Receivable$9,819$41,375▲ $31,556
Prepaid Expenses and Deferred Charges$6,578$5,542▼ $1,036
Land, Buildings, and Equipment, Net$4,698$3,774▼ $924
Savings and Temporary Cash Investments$2,452$2,309▼ $143
Accounts Receivable$62,551$1,227▼ $61,324
Total Assets$375,833$788,447▲ $412,614
Other Assets Total$2,950$2,950→ $0
Liabilities
Deferred Revenue$179,828$305,730▲ $125,902
Other Liabilities$77,308$228,897▲ $151,589
Accounts Payable and Accrued Expenses$33,908$14,190▼ $19,718
Total Liabilities$291,044$548,817▲ $257,773
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$37,771$151,889▲ $114,118
Net Assets With Donor Restrictions$47,018$87,741▲ $40,723
Total Net Assets Fund Balance$84,789$239,630▲ $154,841
Total Liabilities and Net Assets / Fund Balance$375,833$788,447▲ $412,614

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,774$5,468$9,242
Other Securities$145,292--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$108,567-▲ $38,361-$145,292
2019$110,958-▼ $726-$108,567
2018$108,896-▲ $1,972-$110,958
2017$99,827-▲ $9,159-$108,986
2016$88,147$4,704▲ $6,976-$99,827
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Shirley MorgensternPresident &FT$59,966$59,966
Revenue and Support

Revenue Composition

Contributions and Grants
$504,199
Program Service Revenue
$53,265
Investment Income
$0
Other Revenue
$2,278
All Other Contributions
$191,464
Change in Net Assets
$116,480

Audited Revenue Reconciliation

Revenue per Audited Statements
$558,116
Revenue Not Reported on Financial Statements
$1,626
Revenue Not Reported on Form 990
$77,166
Total Revenue per Audited Statements
$635,282
Total Revenue per Form 990
$559,742
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$310,558
Salaries, Compensation, and Employee Benefits$132,704
Total Fundraising Expense$81,390
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$19,269-$44,000$63,269
Current Officers, Directors, Trustees, and Key Employees$48,508$9,095$3,032$60,635
Occupancy$27,363$7,727$355$35,445
Fees for Services Accounting-$34,292-$34,292
Office Expenses$28,754$5,011$100$33,865
Fees for Services Other--$29,625$29,625
Advertising$27,830$74-$27,904
All Other Expenses$7,280$4,772-$12,052
Payroll Taxes$4,938$684$3,178$8,800
Other Expenses$8,454$2,118$1,100$8,454
Insurance$2,499$1,625-$4,124
Fees for Service Investment Mgmnt Fees-$1,626-$1,626
Information Technology$1,376$153-$1,529
Depreciation Depletion$924--$924
Total Functional Expenses$294,695$67,177$81,390$443,262

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$480,441
Total Expenses per Form 990$443,262
Expenses per Audited Statements$441,636
Expenses Not Reported on Form 990$38,805
Expenses Not Reported on Financial Statements$1,626
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Carl TopilowSpouse of CEOMusic Dir/conductNo$47,430
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shuttered Venue Graht Advance$228,897
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 35% controlled entity
No
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
President & CEO
Phone
2167657677
Signed
2022-06-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James M Stone
Formed
1994
Legal Domicile
Oh
Voting Board Members
26
Independent Board Members
26
Employees
6
Volunteers
26

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 with carl topilow performs the highest quality symphonic pops music to entertain and enrich a wide and diverse audience and provides educational programs to develop an enduring appreciation of music, both enhancing the richness and vibrancy of northeast ohio living.

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

Educational programming includes: actual music - actual music is an education program designed to engage children in the wonderful world of music and dance. "actual music" provides education, participation, listening and visual excitement to the young student. The program also provides teachers with the tools to continue the program in their classrooms. The "actual music" program is based on the academic content standards set by the ohio department of education. The renowned cleveland pops orchestra, in collaboration with the music settlement, has established the cleveland pops youth orchestra to nurture and train young musicians to reach their full potential while promoting critical thinking, self-confidence, and leadership skills through music. Under the baton of conductor carl topilow, youth orchestra members explore the music of broadway, hollywood, jazz, light classics, and popular songs. The cleveland pops youth orchestra musicians receive coaching from members of the cleveland pops orchestra and teachers from the music settlement. Musicians will also perform two different programs, plus side by side with the renowned cleveland pops orchestra at their holiday concert

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.

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IRS990/MissionDesc0THE CLEVELAND POPS ORCHESTRA WITH CARL TOPILOW PERFORMS THE HIGHEST QUALITY SYMPHONIC POPS MUSIC TO ENTERTAIN AND ENRICH A WIDE AND DIVERSE AUDIENCE AND PROVIDES EDUCATIONAL PROGRAMS TO DEVELOP AN ENDURING APPRECIATION OF MUSIC, BOTH ENHANCING THE RICHNESS AND VIBRANCY OF NORTHEAST OHIO LIVING.
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IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATIONAL PROGRAMMING INCLUDES: ACTUAL MUSIC - ACTUAL MUSIC IS AN EDUCATION PROGRAM DESIGNED TO ENGAGE CHILDREN IN THE WONDERFUL WORLD OF MUSIC AND DANCE. "ACTUAL MUSIC" PROVIDES EDUCATION, PARTICIPATION, LISTENING AND VISUAL EXCITEMENT TO THE YOUNG STUDENT. THE PROGRAM ALSO PROVIDES TEACHERS WITH THE TOOLS TO CONTINUE THE PROGRAM IN THEIR CLASSROOMS. THE "ACTUAL MUSIC" PROGRAM IS BASED ON THE ACADEMIC CONTENT STANDARDS SET BY THE OHIO DEPARTMENT OF EDUCATION. THE RENOWNED CLEVELAND POPS ORCHESTRA, IN COLLABORATION WITH THE MUSIC SETTLEMENT, HAS ESTABLISHED THE CLEVELAND POPS YOUTH ORCHESTRA TO NURTURE AND TRAIN YOUNG MUSICIANS TO REACH THEIR FULL POTENTIAL WHILE PROMOTING CRITICAL THINKING, SELF-CONFIDENCE, AND LEADERSHIP SKILLS THROUGH MUSIC. UNDER THE BATON OF CONDUCTOR CARL TOPILOW, YOUTH ORCHESTRA MEMBERS EXPLORE THE MUSIC OF BROADWAY, HOLLYWOOD, JAZZ, LIGHT CLASSICS, AND POPULAR SONGS. THE CLEVELAND POPS YOUTH ORCHESTRA MUSICIANS RECEIVE COACHING FROM MEMBERS OF THE CLEVELAND POPS ORCHESTRA AND TEACHERS FROM THE MUSIC SETTLEMENT. MUSICIANS WILL ALSO PERFORM TWO DIFFERENT PROGRAMS, PLUS SIDE BY SIDE WITH THE RENOWNED CLEVELAND POPS ORCHESTRA AT THEIR HOLIDAY CONCERT
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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