Civic Intelligence

Terre Haute Symphony Association Inc

990 • Fiscal year 2020 • EIN 35-1120529

Jul 01, 2019 to Jun 30, 2020 • Filed on May 11, 2020

25 North 6th StTerre Haute, IN 47807-3123

(812) 242-8476

Siviq Scores

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

Liabilities / Assets

81st percentile

0.23x

Higher debt load relative to assets than 81% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

78th percentile

0.12x

Higher debt load relative to revenue than 78% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

63rd percentile

14%

Higher net margin than 63% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

98th percentile

$111,000

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 28.5% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

83rd percentile

63%

Faster asset growth than 83% of similar nonprofits.

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

Revenue Growth

69th percentile

4.9%

Faster revenue growth than 69% of similar nonprofits.

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

Assets

Up

$199,835

Up $77,467 (+63%) from 2019

Net Assets

Up

$153,933

Up $54,299 (+54%) from 2019

Liabilities

Up

$45,902

Up $23,168 (+102%) from 2019

Revenue

Up

$389,183

Up $18,158 (+4.9%) from 2019

Expenses

Down

$334,879

Down $18,871 (-5.3%) from 2019

Net Income

Up

$54,304

Up $37,029 (+214%) from 2019

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200KAssets 2012: $14,986Liabilities 2012: $29,808Net Assets 2012: -$14,8222012Assets 2013: $42,618Liabilities 2013: $45,346Net Assets 2013: -$2,7282013Assets 2014: $32,131Liabilities 2014: $30,101Net Assets 2014: $2,0302014Assets 2015: $18,995Liabilities 2015: $61,240Net Assets 2015: -$42,2452015Assets 2019: $122,368Liabilities 2019: $22,734Net Assets 2019: $99,6342019Assets 2020: $199,835Liabilities 2020: $45,902Net Assets 2020: $153,9332020Assets 2021: $281,975Liabilities 2021: $27,623Net Assets 2021: $254,3522021Assets 2022: $343,917Liabilities 2022: $11,021Net Assets 2022: $332,8962022Assets 2023: $344,407Liabilities 2023: $59,374Net Assets 2023: $285,0332023Assets 2024: $380,674Liabilities 2024: $79,702Net Assets 2024: $300,9722024Assets 2025: $391,044Liabilities 2025: $73,833Net Assets 2025: $317,2112025

Highlighted filing

2020

Assets$199,835
Liabilities$45,902
Net Assets$153,933

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2012: $222,5082012Expenses 2013: $247,5492013Revenue 2014: $256,803Expenses 2014: $252,045Net Income 2014: $4,7582014Revenue 2015: $232,875Expenses 2015: $277,150Net Income 2015: -$44,2752015Revenue 2019: $371,025Expenses 2019: $353,750Net Income 2019: $17,2752019Revenue 2020: $389,183Expenses 2020: $334,879Net Income 2020: $54,3042020Revenue 2021: $417,614Expenses 2021: $317,194Net Income 2021: $100,4202021Revenue 2022: $565,347Expenses 2022: $486,804Net Income 2022: $78,5432022Revenue 2023: $533,343Expenses 2023: $581,206Net Income 2023: -$47,8632023Revenue 2024: $619,223Expenses 2024: $603,284Net Income 2024: $15,9392024Revenue 2025: $654,549Expenses 2025: $638,311Net Income 2025: $16,2382025

Highlighted filing

2020

Revenue$389,183
Expenses$334,879
Net Income$54,304
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 11, 2020
Return Version
2019v5.1
Gross Receipts
$403,818
Mission and Program Overview

Mission

To provide great music close to home. We present audience friendly concerts, and resources for those focused on the joy, appreciation, and education of music.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$122,014$113,904▼ $8,110
Savings and Temporary Cash Investments-$60,704-
Accounts Receivable$354$15,404▲ $15,050
Prepaid Expenses and Deferred Charges-$8,025-
Land, Buildings, and Equipment, Net$0$1,798▲ $1,798
Total Assets$122,368$199,835▲ $77,467
Liabilities
Deferred Revenue$20,899$27,500▲ $6,601
Other Liabilities$669$17,267▲ $16,598
Accounts Payable and Accrued Expenses$1,166$1,135▼ $31
Total Liabilities$22,734$45,902▲ $23,168
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$99,634$153,933▲ $54,299
Total Net Assets Fund Balance$99,634$153,933▲ $54,299
Total Liabilities and Net Assets / Fund Balance$122,368$199,835▲ $77,467

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,798$50,135$51,933
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David BowdenExecutive/artistic DirectorPT$111,000$111,000

Board Members and Trustees

NameTitle
Jacquelyn TrinlerLeague President
Sheron J DaileyPast President
Tonya BalchPresident
Terri ConleyVice President
Barb HagermanDirector
Bob BrownDirector
Carol WetherellDirector
David HaynesDirector
Eileen ProseDirector
Fred NationDirector
Jean KristellerDirector
Julie SchlosserDirector
Mike KingDirector
Norma SchmitzDirector
Ron DanielsonDirector
Terry HoganDirector
Terry TevlinDirector
Bill FenoglioHonorary Director
Greg GibsonHonorary Director
Jack RagleHonorary Director
Lu MeisHonorary Director
William ShrinerHonorary Director
Wieke Van Der Weijden BenjaminEmerita Member
Jim JenkinsSecretary
Don SchroederTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$321,176
Program Service Revenue
$59,522
Investment Income
$721
Other Revenue
$7,764
All Other Contributions
$303,021
Change in Net Assets
$54,304
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$208,255
Other Expenses$126,624
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$51,000$60,000$0$111,000
Other Salaries and Wages$59,952$31,240$0$91,192
Advertising$14,381$0$0$14,381
Fees for Services Accounting$0$6,225$0$6,225
Payroll Taxes$3,061$3,002$0$6,063
Occupancy$0$5,940$0$5,940
Travel$5,639$0$0$5,639
Insurance$0$4,002$0$4,002
Other Expenses$3,842$0$0$3,842
Office Expenses$2,661$309$0$2,970
All Other Expenses$0$509$0$509
Information Technology$0$70$0$70
Depreciation Depletion$0$44$0$44
Total Functional Expenses$222,398$112,481$0$334,879
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$14,635
Fundraising Gross Income$14,141
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Supper at the$9,266$9,266$11,366$-2,100
Total Events$9,266$9,266$11,366$-2,100
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$16,500
Payroll Tax Withheld$767
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Terre Haute Symphony Association Inc
EIN
35-1120529
Phone
8122428476
Address
25 NORTH 6TH ST, TERRE HAUTE, IN 47807-3123

Signing Officer

Name
David Bowden
Title
Artistic Director
Phone
8122428476
Signed
2020-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Bowden
Formed
1926
Legal Domicile
In
Voting Board Members
24
Independent Board Members
23
Employees
75
Volunteers
45

Preparer

Firm
Hobbs & Company Inc
Address
500 Farrington Street, Terre Haute, IN 47807
Preparer
Linc Hobbs
Phone
8122347984
Supplemental Narrative

Additional Explanations

Other

Form 990, part i, line 1 - organization mission or significant activities - the mission of the terre haute symphony association is to provide "great music! Close to home!" we serve terre haute and the greater wabash valley region by: presenting audience-friendly concerts of great music performed with passion and excellence; providing educational opportunities, live concerts, and resources for children and adults, focused on the joy of music, and; securing resources and providing advocacy for these concerts and educational objectives. The terre haute symphony association envisions a future that will enhance the lives of all residents in the greater wabash valley by encouraging appreciation and knowledge of music.

Other

Form 990, part i, line 1 - organization mission or significant activities - the mission of the terre haute symphony association is to provide "great music! Close to home!" we serve terre haute and the greater wabash valley region by: presenting audience-friendly concerts of great music performed with passion and excellence; providing educational opportunities, live concerts, and resources for children and adults, focused on the joy of music, and; securing resources and providing advocacy for these concerts and educational objectives. The terre haute symphony association envisions a future that will enhance the lives of all residents in the greater wabash valley by encouraging appreciation and knowledge of music.

Pt VI, Line 11B

Form 990 review process - a copy of form 990 and attachments is available for review by the governing body prior to its submission to the internal revenue service.

Pt VI, Line 12C

Explanation of monitoring and enforcement of conflicts - regular conversation at board meetings reinforcing conflicts of interest

Pt VI, Line 15A

Compensation review & approval process - ceo & top management - recommendation from personnel committee to executive committee, with input from outside data; recommendation from executive committee (done in executive session) to board of directors; discussion and vote at board of directors meeting (in executive session) to implement compensation adjustments.

Pt VI, Line 15B

Compensation review & approval process - ceo & top management - recommendation from personnel committee to executive committee, with input from outside data; recommendation from executive committee (done in executive session) to board of directors; discussion and vote at board of directors meeting (in executive session) to implement compensation adjustments.

Pt VI, Line 19

Other organization documents publicly available - copies are available upon written request.

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