Civic Intelligence

Lima Symphony Orchestra Endowment Trust

990 • Fiscal year 2016 • EIN 34-6923360

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 13, 2017

PO Box 1651Lima, OH 45802-1651

(419) 222-5701

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

67th percentile

8.9%

Higher net margin than 67% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

46th percentile

$53,066

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 76.8% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

32nd percentile

-2.6%

Faster asset growth than 32% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

30th percentile

-5.4%

Faster revenue growth than 30% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,083,649

Down $28,835 (-2.6%) from 2015

Net Assets

Down

$1,083,649

Down $28,835 (-2.6%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Down

$69,054

Down $3,905 (-5.4%) from 2015

Expenses

Down

$62,887

Down $4,183 (-6.2%) from 2015

Net Income

Up

$6,167

Up $278 (+4.7%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2014: $1,198,377Liabilities 2014: $0Net Assets 2014: $1,198,3772014Assets 2015: $1,112,484Liabilities 2015: $0Net Assets 2015: $1,112,4842015Assets 2016: $1,083,649Liabilities 2016: $0Net Assets 2016: $1,083,6492016Assets 2018: $1,043,975Liabilities 2018: $0Net Assets 2018: $1,043,9752018Assets 2019: $1,246,371Liabilities 2019: $0Net Assets 2019: $1,246,3712019Assets 2020: $1,369,181Liabilities 2020: $0Net Assets 2020: $1,369,1812020Assets 2021: $1,802,418Liabilities 2021: $0Net Assets 2021: $1,802,4182021Assets 2022: $1,470,216Liabilities 2022: $0Net Assets 2022: $1,470,2162022Assets 2023: $1,619,424Liabilities 2023: $0Net Assets 2023: $1,619,4242023

Highlighted filing

2016

Assets$1,083,649
Liabilities$0
Net Assets$1,083,649

Operations Trend

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

$400K$200K$0-$200K-$400KRevenue 2014: $76,371Expenses 2014: $63,631Net Income 2014: $12,7402014Revenue 2015: $72,959Expenses 2015: $67,070Net Income 2015: $5,8892015Revenue 2016: $69,054Expenses 2016: $62,887Net Income 2016: $6,1672016Revenue 2018: $137,070Expenses 2018: $66,708Net Income 2018: $70,3622018Revenue 2019: $79,956Expenses 2019: $67,455Net Income 2019: $12,5012019Revenue 2020: $39,726Expenses 2020: $69,445Net Income 2020: -$29,7192020Revenue 2021: $295,761Expenses 2021: $78,737Net Income 2021: $217,0242021Revenue 2022: -$239,547Expenses 2022: $92,655Net Income 2022: -$332,2022022Revenue 2023: $242,717Expenses 2023: $93,509Net Income 2023: $149,2082023

Highlighted filing

2016

Revenue$69,054
Expenses$62,887
Net Income$6,167
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 13, 2017
Return Version
2016v3.0
Gross Receipts
$477,231
Mission and Program Overview

Mission

To support programs and activities of the lima symphony orchestra association

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,112,484$1,083,649▼ $28,835
Investments in Publicly Traded Securities$1,080,845$1,031,402▼ $49,443
Cash and Non-Interest-Bearing Accounts$31,639$52,247▲ $20,608
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,112,484$1,083,649▼ $28,835
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,112,484$1,083,649▼ $28,835
Total Liabilities and Net Assets / Fund Balance$1,112,484$1,083,649▼ $28,835

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,112,484-▲ $34,052-$1,083,649
2015$1,198,377-▼ $18,823-$1,112,484
2014$1,131,267-▲ $130,741-$1,198,377
2013$1,005,201-▲ $184,757-$1,131,267
2012$952,394$1,459▲ $108,713-$1,005,201
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Elizabeth BrownExecutive Director-$53,066$53,066
-TRUstee$7,329-$7,329

Board Members and Trustees

NameTitle
Neil Darrchairman
Ken BlockTrustee
Kevin Hawleytrustee
Ty LotzTRustee
donald wittertrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$69,054
Other Revenue
$0
Change in Net Assets
$6,167
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$55,558
Salaries, Compensation, and Employee Benefits$7,329
Other Expenses$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$55,558--$55,558
Current Officers, Directors, Trustees, and Key Employees$7,329--$7,329
Total Functional Expenses$62,887$0$0$62,887
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lima Symphony Orchestra AssociationLima, OH501(c)(3)For Operations of the Organization$55,558
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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, Part VI, Section B, line 11B

The organization's board reviews the form 990 prior to its filing.

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

All trustees and officers are asked to be accountable for their actions.

Form 990, Part VI, Section C, line 19

Pertinent documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Lima Symphony Orchestra Endowment
EIN
34-6923360
Phone
4192225701
Address
PO BOX 1651, Lima, OH 45802-1651

Signing Officer

Name
Elizabeth Brown
Title
Executive director
Phone
4192225701
Signed
2017-09-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Brown
Formed
1989
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Rea & Associates Inc
Address
2579 Shawnee Road, Lima, OH 45806
Preparer
Sharon K Cole CPA
Phone
4193311040
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

This process has not changed since the previous year.

Financial Statement Notes

Part V, Line 4:

Endowment funds are to be used for the operations of lima symphony orchestra association.

Part X, Line 2:

The Symphony qualifies as a tax exempt organization under Section 501(c)(3) of the Internal Revenue Code. The Trust qualifies as a non-exempt charitable trust under Section 4947 (a)(1) of the Internal Revenue Code, and is not considered a private foundation. 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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IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FILING ORGANIZATION AND THE SUPPORTED ORGANIZATION SHARE BOARD MEMBERS, THEREFORE THE SUPPORTED ORGANIZATION HAS A SIGNIFICANT VOICE IN THE FILING ORGANIZATION'S OPERATIONS, INVESTMENT OBJECTIVES AND POLICIES, AND DETERMINATION OF WHAT FUNDS ARE USED FOR.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section D, Line 3:
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/CurrentYearAmt01131445
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/PriorYearAmt01147375
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/CurrentYearAmt044615
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/PriorYearAmt042070
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/CurrentYearAmt01086830
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/PriorYearAmt01105305
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/CurrentYearAmt016972
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt017211
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/CurrentYearAmt01114473
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt01130164
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/CurrentYearAmt039007
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/PriorYearAmt039556
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/CurrentYearAmt01131445
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/PriorYearAmt01147375
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/CurrentYearAmt039007
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt039556
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0344465022
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt055558
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LIMA SYMPHONY ORCHESTRA ASSOCIATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/SupportSumAmt055558
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.10000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt07329
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01112484
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01083649
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt055558
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt034052
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt07933
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01198377
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01112484
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt059137
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-18823
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt07788
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01131267
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01198377
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt055843
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0130741
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt07064
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01005201
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01131267
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt051627
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0184757
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt06498
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0952394
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01459
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01005201
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt050867
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0108713
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT FUNDS ARE TO BE USED FOR THE OPERATIONS OF LIMA SYMPHONY ORCHESTRA ASSOCIATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Symphony qualifies as a tax exempt organization under Section 501(c)(3) of the Internal Revenue Code. The Trust qualifies as a non-exempt charitable trust under Section 4947 (a)(1) of the Internal Revenue Code, and is not considered a private foundation. 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.90000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt055558
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FOR OPERATIONS OF THE ORGANIZATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LIMA SYMPHONY ORCHESTRA ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientEIN0344465022
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0133 N ELIZABETH ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LIMA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OH
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd045802
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S BOARD REVIEWS THE FORM 990 PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL TRUSTEES AND OFFICERS ARE ASKED TO BE ACCOUNTABLE FOR THEIR ACTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PERTINENT DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THIS PROCESS HAS NOT CHANGED SINCE THE PREVIOUS YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LIMA SYMPHONY ORCHESTRA ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0344465022
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PERFORMANCE OF MUSIC RELATED PROGRAMS FOR THE PUBLIC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0133 N ELIZABETH ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LIMA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd045802
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00

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