Civic Intelligence

Greater Akron Musical Association Inc

EIN 34-6003828 • 501(c)3 • Akron, OH

View Organization Page

Profile

Enhance the quality of life of our community through education andmusical excellence. In accordance with our mission, the associationpresents the akron symphony orchestra, akron symphony chorus, akronyouth symphony, gospel meets symphony, concert for kids, and othereducational programs.

92 N Main StreetAkron, OH 44308

www.akronsymphony.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.59x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

53rd percentile

0.09x

Higher debt load relative to revenue than 53% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

29th percentile

-4.9%

Higher net margin than 29% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

62nd percentile

$88,273

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

9th percentile

-21%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

49th percentile

6.5%

Faster revenue growth than 49% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$358,558

Down $120,078 (-25%) from 2023

Liabilities

Down

$150,627

Down $32,826 (-18%) from 2023

Net Assets

Down

$207,931

Down $87,252 (-30%) from 2023

Operations
Liabilities / Revenue53rd percentileNet Margin29th percentile

Revenue

Down

$1,749,010

Down $145,385 (-7.7%) from 2023

Expenses

Up

$1,842,795

Up $63,816 (+3.6%) from 2023

Net Income

Down

-$93,785

Down $209,201 (-181%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth9th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0-$500KAssets 2013: $234,540Liabilities 2013: $479,721Net Assets 2013: -$245,1812013Assets 2014: $165,752Liabilities 2014: $313,824Net Assets 2014: -$148,0722014Assets 2015: $286,470Liabilities 2015: $318,343Net Assets 2015: -$31,8732015Assets 2016: $165,020Liabilities 2016: $411,868Net Assets 2016: -$246,8482016Assets 2017: $212,835Liabilities 2017: $547,062Net Assets 2017: -$334,2272017Assets 2018: $192,191Liabilities 2018: $512,962Net Assets 2018: -$320,7712018Assets 2019: $138,507Liabilities 2019: $471,808Net Assets 2019: -$333,3012019Assets 2020: $421,808Liabilities 2020: $768,194Net Assets 2020: -$346,3862020Assets 2021: $720,607Liabilities 2021: $948,927Net Assets 2021: -$228,3202021Assets 2022: $861,062Liabilities 2022: $686,900Net Assets 2022: $174,1622022Assets 2023: $478,636Liabilities 2023: $183,453Net Assets 2023: $295,1832023Assets 2024: $358,558Liabilities 2024: $150,627Net Assets 2024: $207,9312024

Highlighted filing

2024

Assets$358,558
Liabilities$150,627
Net Assets$207,931
Open 2024 Filing

Operations Trend

Revenue Growth49th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2013: $1,604,1412013Revenue 2014: $1,813,526Expenses 2014: $1,716,417Net Income 2014: $97,1092014Revenue 2015: $2,012,137Expenses 2015: $1,895,938Net Income 2015: $116,1992015Revenue 2016: $1,761,232Expenses 2016: $1,976,207Net Income 2016: -$214,9752016Revenue 2017: $1,855,589Expenses 2017: $1,942,968Net Income 2017: -$87,3792017Revenue 2018: $2,039,388Expenses 2018: $2,025,932Net Income 2018: $13,4562018Revenue 2019: $1,742,483Expenses 2019: $1,755,013Net Income 2019: -$12,5302019Revenue 2020: $1,427,807Expenses 2020: $1,440,892Net Income 2020: -$13,0852020Revenue 2021: $1,199,690Expenses 2021: $1,081,624Net Income 2021: $118,0662021Revenue 2022: $1,949,646Expenses 2022: $1,547,164Net Income 2022: $402,4822022Revenue 2023: $1,894,395Expenses 2023: $1,778,979Net Income 2023: $115,4162023Revenue 2024: $1,749,010Expenses 2024: $1,842,795Net Income 2024: -$93,7852024

Highlighted filing

2024

Revenue$1,749,010
Expenses$1,842,795
Net Income-$93,785
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$358,558
Liabilities
$150,627
Net assets
$207,931
Revenue
$1,749,010
Expenses
$1,842,795
Net income
-$93,785
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.15$0.21$1.75$1.84$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.48$0.18$0.30$1.89$1.78$0.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.86$0.69$0.17$1.95$1.55$0.40
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.95$0.23$1.20$1.08$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.42$0.77$0.35$1.43$1.44$0.01
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.47$0.33$1.74$1.76$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.19$0.51$0.32$2.04$2.03$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.55$0.33$1.86$1.94$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.17$0.41$0.25$1.76$1.98$0.21
2015Detailed filing. Detailed filing data is available for this year.$0.29$0.32$0.03$2.01$1.90$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.17$0.31$0.15$1.81$1.72$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.48$0.25$1.60
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 29, 2025
Return Version
2023v6.0
Gross Receipts
$1,813,416
Mission and Program Overview

Mission

The Akron Symphony enriches the lives of audiences, musicians, and our community through exceptional symphonic music, and meaningful, collaborative, and educational programming that welcomes, connects, and engages a broad and diverse regional community.

Enhance the quality of life of our community through education and musical excellence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$357,470$247,672▼ $109,798
Prepaid Expenses and Deferred Charges$14,921$23,516▲ $8,595
Accounts Receivable$26,597$17,859▼ $8,738
Savings and Temporary Cash Investments$38,674$15,192▼ $23,482
Land, Buildings, and Equipment, Net$36,682$7,825▼ $28,857
Cash and Non-Interest-Bearing Accounts$4,292$2,495▼ $1,797
Total Assets$478,636$358,558▼ $120,078
Other Assets Total$0$43,999▲ $43,999
Liabilities
Deferred Revenue$102,283$104,739▲ $2,456
Other Liabilities$45,164$24,590▼ $20,574
Accounts Payable and Accrued Expenses$36,006$21,298▼ $14,708
Total Liabilities$183,453$150,627▼ $32,826
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$262,283$147,031▼ $115,252
Net Assets With Donor Restrictions$32,900$60,900▲ $28,000
Total Net Assets Fund Balance$295,183$207,931▼ $87,252
Total Liabilities and Net Assets / Fund Balance$478,636$358,558▼ $120,078

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,825$140,097$147,922
Leasehold Improvements$0$9,795$9,795
Other Assets Org$43,999--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$7,628,487$7,000▲ $1,382,269-$8,593,260
2022$7,075,051$5,000▲ $955,781-$7,628,487
2021$8,357,745$4,952▼ $894,754-$7,075,051
2020$6,683,764$205,000▲ $1,762,423-$8,357,745
2019$6,618,704$5,000▲ $500,122-$6,683,764
Compensation and Service Providers
Top Officer Pay62nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Paul JarrettExecutive DirectorFT$73,542$73,542

Board Members and Trustees

NameTitle
Karen SchreckengostCo-Chair
Patricia NilsestuenCo-Chair
Thomas JeffersonDEI Chair
Lia JonesDevelopment Chair
Bonnie PanlasiguiEducation Chair
Doug KohlGovernance Chair
Steve SedlockMarketing Chair
Erica SnowdenOrchestra Committee Chair
Tom CrookesPresident
Alex QuayVice President
Christopher WilkinsMusic Director
Adam LintzTrustee
Andrew LeaskTrustee
Bethany GonzalezTrustee
Eda ValentinTrustee
George RosinTrustee
Geraldine Wojno KieferTrustee
Heather HahnTrustee
Jeana SingletonTrustee
Juill Bacon MaddenTrustee
Julianne RobbinsTrustee
Julie WeagraffTrustee
Kevin HeraghtyTrustee
Kittie ClarkeTrustee
Roula BaileyTrustee
Thomas HiteTrustee
Theresa Petit-LernerSecretary
Andrew ZieglerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,446,673
Program Service Revenue
$349,327
Investment Income
$17,416
Other Revenue
$-64,406
All Other Contributions
$672,898
Change in Net Assets
$-93,785
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,126,807
Other Expenses$715,988
Total Fundraising Expense$185,853
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$825,035$40,578$118,224$983,837
Fees for Services Other$243,119$19,296-$262,415
Advertising$148,625$5,166-$153,791
Current Officers, Directors, Trustees, and Key Employees$25,740$3,677$44,125$73,542
Other Employee Benefits$17,072$14,341$9,139$40,552
Payroll Taxes$8,790$5,794$14,292$28,876
Fees for Services Accounting-$27,735-$27,735
Occupancy$15,050$9,757-$24,807
Office Expenses-$22,315-$22,315
Depreciation Depletion$14,767$435-$15,202
Insurance-$14,602-$14,602
Other Expenses$12,216$12,147$73$12,147
Fees for Services Legal$11,050--$11,050
Travel-$5,665-$5,665
Interest-$187-$187
Total Functional Expenses$1,444,349$212,593$185,853$1,842,795
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$64,406
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$137,613-$33,864-
Lakes Tour$35,847-$16,066-
Total Events$185,739-$64,406$-64,406
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Finance Lease Liabilities$21,035
Deposits$3,555
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
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

“The form 990 is reviewed in detail by the organization's finance committee prior to filing.”

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

“Trustees are asked to sign a conflict of interest form annually. There is no formal monitoring process in place. Conflicts, if any, would be addressed by the executive director and board president.”

Form 990, Part VI, Section B, line 15

“When a vacancy occurs, the gama president will appoint a search committee consisting of board, community, and staff members who can best represent those gama constituencies able to define the position and formally review applicants. Once the search committee has affirmed the candidate in question, key members of the executive board meet to review the league of american orchestra's comparative salary information and fringes, the candidate's salary requirements, current gama budget requirements, the prospective components of a contract, the extent to which it will be extended, and the range to which the negotiator is allowed to negotiate in good faith. If an agreement is reached, the agreement is placed before the executive board for approval or rejection. A similar procedure is undertaken annually for evaluating compensation for officers and key employees employed on an ongoing basis.”

Form 990, Part VI, Section C, line 19

“The organization makes available for public inspection, upon request, all current documents as required by federal, state and local law, including but not limited to the irs form 990, audited financial statements and minutes of the executive board.”

Filing and Contact Details

Filer

Filer Name
Greater Akron Musical Association Inc
EIN
34-6003828
Phone
3305358131
Address
92 N Main Street, Akron, OH 44308

Signing Officer

Name
Paul Jarrett
Title
Executive Director
Phone
3305358131
Signed
2025-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Jarrett
Formed
1953
Legal Domicile
Oh
Voting Board Members
29
Independent Board Members
29
Employees
249
Volunteers
200

Preparer

Firm
415 Group Inc
Address
4300 Munson Street NW, Canton, OH 44718
Preparer
Natalie Simmons CPA
Phone
3304920094
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Program expense - contract services: Program service expenses 174,300. Management and general expenses 0. Fundraising expenses 0. Total expenses 174,300. Other program expenses: Program service expenses 68,819. Management and general expenses 19,296. Fundraising expenses 0. Total expenses 88,115.”

fORM 990, PART XII, LINE 2C

“The organization has not changed its oversight process in the current year.”

Financial Statement Notes

Part V, Line 4:

“The endowment fund is held by the greater akron musical association foundation, a related organization. The intended use of the fund is determined based on donor restrictions to benefit the greater akron musical association. The endowment fund is directed by the foundation's board of trustees investment committee in consultation with a professional investment advisor. The foundation has adopted investment and spending policies with the objective of providing a stable and growing source of income to support the association's programs while preserving and enhancing capital over the long-term.”

Part X, Line 2:

“The association and the foundation are exempt from income taxes under the current provisions of the internal revenue code section 501(c)(3). Therefore, no provisions for federal and state income taxes have been recorded in the statements. The organization and the association are not classified as private foundations. The organization follows guidance issued by the financial accounting standards board (fasb) on accounting for income taxes and has evaluated its tax provisions, expiring statues of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings, and believes that no provision for income taxes is necessary to cover any uncertain tax provisions. The organizations' returns for the tax years ending 2020 and later remain subject to examination by taxing authorities.”

Raw XML AppendixShowing 400 of 686 raw XML fields

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/PersonNm0Tom Crookes
IRS990/Form990PartVIISectionAGrp/PersonNm1Julie Weagraff
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IRS990/Form990PartVIISectionAGrp/PersonNm3Jeana Singleton
IRS990/Form990PartVIISectionAGrp/PersonNm4George Rosin
IRS990/Form990PartVIISectionAGrp/PersonNm5Julianne Robbins
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IRS990/Form990PartVIISectionAGrp/PersonNm7Adam Lintz
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IRS990/Form990PartVIISectionAGrp/PersonNm9Thomas Hite
IRS990/Form990PartVIISectionAGrp/PersonNm10Kevin Heraghty
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IRS990/Form990PartVIISectionAGrp/PersonNm12Bethany Gonzalez
IRS990/Form990PartVIISectionAGrp/PersonNm13Kittie Clarke
IRS990/Form990PartVIISectionAGrp/PersonNm14Roula Bailey
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IRS990/Form990PartVIISectionAGrp/PersonNm16Christopher Wilkins
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IRS990/Form990PartVIISectionAGrp/PersonNm18Karen Schreckengost
IRS990/Form990PartVIISectionAGrp/PersonNm19Patricia Nilsestuen
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IRS990/Form990PartVIISectionAGrp/PersonNm28Geraldine Wojno Kiefer
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
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IRS990/Form990PartVIISectionAGrp/TitleTxt16Music Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Orchestra Committee Chair
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