Civic Intelligence

Lima Symphony Orchestra Association Inc.

990 • Fiscal year 2020 • EIN 34-4465022

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 12, 2020

PO Box 1651Lima, OH 45802

(419) 222-5701

Siviq Scores

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

Liabilities / Assets

90th percentile

0.73x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

80th percentile

0.36x

Higher debt load relative to revenue than 80% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

52nd percentile

7.5%

Higher net margin than 52% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

77th percentile

$72,000

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 9.6% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

86th percentile

66%

Faster asset growth than 86% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

54th percentile

1.4%

Faster revenue growth than 54% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$374,372

Up $149,001 (+66%) from 2019

Net Assets

Up

$100,776

Up $56,348 (+127%) from 2019

Liabilities

Up

$273,596

Up $92,653 (+51%) from 2019

Revenue

Up

$753,155

Up $10,495 (+1.4%) from 2019

Expenses

Down

$696,807

Down $44,514 (-6.0%) from 2019

Net Income

Up

$56,348

Up $55,009 (+4108%) from 2019

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2013: $166,824Liabilities 2013: $157,062Net Assets 2013: $9,7622013Assets 2014: $225,065Liabilities 2014: $183,831Net Assets 2014: $41,2342014Assets 2015: $245,592Liabilities 2015: $190,647Net Assets 2015: $54,9452015Assets 2016: $248,663Liabilities 2016: $184,232Net Assets 2016: $64,4312016Assets 2017: $280,148Liabilities 2017: $220,447Net Assets 2017: $59,7012017Assets 2018: $197,611Liabilities 2018: $154,522Net Assets 2018: $43,0892018Assets 2019: $225,371Liabilities 2019: $180,943Net Assets 2019: $44,4282019Assets 2020: $374,372Liabilities 2020: $273,596Net Assets 2020: $100,7762020Assets 2021: $509,602Liabilities 2021: $357,980Net Assets 2021: $151,6222021Assets 2022: $574,745Liabilities 2022: $327,240Net Assets 2022: $247,5052022Assets 2023: $701,452Liabilities 2023: $284,591Net Assets 2023: $416,8612023Assets 2024: $768,060Liabilities 2024: $342,262Net Assets 2024: $425,7982024

Highlighted filing

2020

Assets$374,372
Liabilities$273,596
Net Assets$100,776

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2013: $633,9802013Revenue 2014: $664,314Expenses 2014: $632,842Net Income 2014: $31,4722014Revenue 2015: $615,754Expenses 2015: $602,043Net Income 2015: $13,7112015Revenue 2016: $631,140Expenses 2016: $621,654Net Income 2016: $9,4862016Revenue 2017: $666,215Expenses 2017: $670,945Net Income 2017: -$4,7302017Revenue 2018: $636,948Expenses 2018: $653,559Net Income 2018: -$16,6112018Revenue 2019: $742,660Expenses 2019: $741,321Net Income 2019: $1,3392019Revenue 2020: $753,155Expenses 2020: $696,807Net Income 2020: $56,3482020Revenue 2021: $696,065Expenses 2021: $677,955Net Income 2021: $18,1102021Revenue 2022: $891,749Expenses 2022: $795,866Net Income 2022: $95,8832022Revenue 2023: $964,250Expenses 2023: $803,775Net Income 2023: $160,4752023Revenue 2024: $824,554Expenses 2024: $824,197Net Income 2024: $3572024

Highlighted filing

2020

Revenue$753,155
Expenses$696,807
Net Income$56,348
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 12, 2020
Return Version
2019v5.1
Gross Receipts
$758,471
Mission and Program Overview

Mission

Perform full orchestra concerts, chamber music, ensambles and special appearances of guest artists. Average attendance at all functions is 700- 1000 people.

Performance of music related programs for the public

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$93,886$242,454▲ $148,568
Savings and Temporary Cash Investments$45,506$76,092▲ $30,586
Land, Buildings, and Equipment, Net$47,731$51,716▲ $3,985
Accounts Receivable$26,826$0▼ $26,826
Prepaid Expenses and Deferred Charges$11,422$4,110▼ $7,312
Total Assets$225,371$374,372▲ $149,001
Liabilities
Mortgage Notes Payable Secured by Investment Property-$158,000-
Deferred Revenue$176,893$102,154▼ $74,739
Accounts Payable and Accrued Expenses$4,050$13,442▲ $9,392
Total Liabilities$180,943$273,596▲ $92,653
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$44,428$100,776▲ $56,348
Total Net Assets Fund Balance$44,428$100,776▲ $56,348
Total Liabilities and Net Assets / Fund Balance$225,371$374,372▲ $149,001

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$13,118$67,749$80,867
Other Land Buildings$38,598$38,108$76,706
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth BrownExecutive DirectorFT$66,000$6,000$72,000

Board Members and Trustees

NameTitle
Shannon WannemacherPresident
Ty LotzVice President
Anita UetrechtDirector
Ben DiepenbrockDirector
Chad StearnsDirector
Chris DibiasioDirector
Donald WitterDirector
Jeff UnterbrinkDirector
Jim GideonDirector
Keith DavisDirector
Lynn SchaubDirector
Marleen WehriDirector
Martha MacdonellDirector
Nancy StrohDirector
Natasha KaufmanDirector
Neil DarrDirector
Omar ZeheryDirector
Stacey ReinekeDirector
Stephanie HoltzDirector
Steve JohnsonDirector
William WalterDirector
Jan HawkSecretary
Fr David RossTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$493,367
Program Service Revenue
$218,456
Investment Income
$740
Other Revenue
$40,592
All Other Contributions
$413,843
Change in Net Assets
$56,348
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$441,083
Salaries, Compensation, and Employee Benefits$255,724
Total Fundraising Expense$35,988
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$106,636$37,377$25,740$169,753
Current Officers, Directors, Trustees, and Key Employees-$66,000-$66,000
Advertising$43,043--$43,043
Travel$36,129--$36,129
Office Expenses$18,683$5,990$3,961$28,634
All Other Expenses$384$26,660-$27,044
Occupancy$8,574$14,418$3,590$26,582
Payroll Taxes$6,443$10,831$2,697$19,971
Fees for Services Other$16,950--$16,950
Other Expenses$9,287--$9,287
Fees for Services Accounting-$7,960-$7,960
Insurance$3,954$3,954-$7,908
Conferences and Meetings$5,791$49-$5,840
Depreciation Depletion$3,061$1,190-$4,251
Total Functional Expenses$486,390$174,429$35,988$696,807
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$40,236
Fundraising Direct Expenses$5,316
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Wine Tasting$40,236$40,236$5,316$34,920
Total Events$40,236$40,236$5,316$34,920
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 35% controlled entity
No
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
Yes
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 draft of the form 990 is reviewed by either the finance committee or the executive committee before it is finalized for filing.

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

Each board member is asked to be accountable for their actions.

Form 990, Part VI, Section B, Line 15

The executive committee reviews comparability data from the national association for wages before making wage change recommendations.

Form 990, Part VI, Section C, Line 18

Forms 990 are made available for public inspection upon request.

Form 990, Part VI, Section C, Line 19

Governing documents and other applicable documents are made available to the public at the organization's office, upon request.

Filing and Contact Details

Filer

Filer Name
Lima Symphony Orchestra Association
EIN
34-4465022
Phone
4192225701
Address
PO BOX 1651, LIMA, OH 45802

Signing Officer

Name
Elizabeth Brown
Title
Executive Director
Phone
4192225701
Signed
2020-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Brown
Formed
1957
Legal Domicile
Oh
Voting Board Members
25
Independent Board Members
25
Employees
11
Volunteers
25

Preparer

Firm
Rea & Associates Inc
Address
2579 SHAWNEE ROAD, LIMA, OH 45806
Preparer
Christopher J Ricker CPA
Phone
4193311040
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The symphony is required to evaluate the level of uncertainty related to whether tax positions taken on the accrual basis will be sustained upon examination. Any positions taken on the accrual basis that do not meet the more-likely-than-not threshold must be quantified and recorded as a liability for unrecognized tax benefits in the accompanying statements of financial position along with interest and penalties that would be payable to the taxing authorities upon examination. The symphony believes that none of the tax positions taken would materially impact the financial statements, and no such liabilities have been recorded

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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/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23EXECUTIVE DIRECTOR
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