Civic Intelligence

Indianapolis Symphony Orchestra Foundation Inc.

990 • Fiscal year 2021 • EIN 35-1812636

Sep 01, 2020 to Aug 31, 2021 • Filed on Jun 09, 2022

Organization ProfileN/A
32 East Washington Street No 600Indianapolis, IN 46204-2919

(317) 262-1100

Siviq Scores

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

Liabilities / Assets

2nd percentile

0.00x

Higher debt load relative to assets than 2% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

3rd percentile

0.00x

Higher debt load relative to revenue than 3% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Net Margin

74th percentile

26%

Higher net margin than 74% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

4th percentile

$0

Higher top officer pay than 4% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Asset Growth

72nd percentile

20%

Faster asset growth than 72% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Revenue Growth

75th percentile

32%

Faster revenue growth than 75% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets2nd percentile

Assets

Up

$120,040,413

Up $20,058,378 (+20%) from 2020

Net Assets

Up

$120,029,114

Up $20,303,077 (+20%) from 2020

Liabilities

Down

$11,299

Down $244,699 (-96%) from 2020

Revenue And Expenses
Liabilities / Revenue3rd percentileNet Margin74th percentile

Revenue

Up

$10,534,808

Up $2,550,917 (+32%) from 2020

Expenses

Down

$7,795,739

Down $305,823 (-3.8%) from 2020

Net Income

Up

$2,739,069

Up $2,856,740 (+2428%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$150M$100M$50M$0Assets 2010: $90,541,461Liabilities 2010: $452,224Net Assets 2010: $90,089,2372010Assets 2011: $96,557,064Liabilities 2011: $389,777Net Assets 2011: $96,167,2872011Assets 2012: $88,974,087Liabilities 2012: $393,010Net Assets 2012: $88,581,0772012Assets 2013: $92,968,180Liabilities 2013: $201,619Net Assets 2013: $92,766,5612013Assets 2014: $99,612,553Liabilities 2014: $154,505Net Assets 2014: $99,458,0482014Assets 2015: $95,559,692Liabilities 2015: $123,757Net Assets 2015: $95,435,9352015Assets 2016: $93,603,384Liabilities 2016: $587,217Net Assets 2016: $93,016,1672016Assets 2017: $98,841,258Liabilities 2017: $606,669Net Assets 2017: $98,234,5892017Assets 2018: $101,397,219Liabilities 2018: $719,892Net Assets 2018: $100,677,3272018Assets 2019: $98,318,900Liabilities 2019: $472,275Net Assets 2019: $97,846,6252019Assets 2020: $99,982,035Liabilities 2020: $255,998Net Assets 2020: $99,726,0372020Assets 2021: $120,040,413Liabilities 2021: $11,299Net Assets 2021: $120,029,1142021Assets 2022: $117,619,288Liabilities 2022: $55,324Net Assets 2022: $117,563,9642022Assets 2023: $114,922,418Liabilities 2023: $192,080Net Assets 2023: $114,730,3382023Assets 2024: $121,112,166Liabilities 2024: $52,749Net Assets 2024: $121,059,4172024

Highlighted filing

2021

Assets$120,040,413
Liabilities$11,299
Net Assets$120,029,114
Open 2021 Filing

Operations Trend

Revenue Growth75th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $10,443,7762010Expenses 2011: $9,601,0322011Expenses 2012: $13,608,4322012Expenses 2013: $7,317,6842013Revenue 2014: $8,976,242Expenses 2014: $7,359,168Net Income 2014: $1,617,0742014Revenue 2015: $6,370,291Expenses 2015: $8,300,148Net Income 2015: -$1,929,8572015Revenue 2016: $6,109,218Expenses 2016: $7,531,398Net Income 2016: -$1,422,1802016Revenue 2017: $8,782,021Expenses 2017: $6,943,103Net Income 2017: $1,838,9182017Revenue 2018: $13,287,556Expenses 2018: $7,908,184Net Income 2018: $5,379,3722018Revenue 2019: $7,707,532Expenses 2019: $9,264,073Net Income 2019: -$1,556,5412019Revenue 2020: $7,983,891Expenses 2020: $8,101,562Net Income 2020: -$117,6712020Revenue 2021: $10,534,808Expenses 2021: $7,795,739Net Income 2021: $2,739,0692021Revenue 2022: $9,602,897Expenses 2022: $8,157,454Net Income 2022: $1,445,4432022Revenue 2023: $7,393,933Expenses 2023: $7,777,735Net Income 2023: -$383,8022023Revenue 2024: $8,910,190Expenses 2024: $8,504,642Net Income 2024: $405,5482024

Highlighted filing

2021

Revenue$10,534,808
Expenses$7,795,739
Net Income$2,739,069
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jun 9, 2022
Return Version
2020v4.2
Gross Receipts
$28,680,672
Mission and Program Overview

Mission

The indianapolis symphony orchestra foundation, inc. (the "iso foundation") was formed in september 1990 for the purpose of educating the public and providing financial and other support to the indiana symphony society, inc. (the "society"), an indiana not-for-profit corporation that operates the indianapolis symphony orchestra. It is the general practice of the society to transfer contributions raised, other than annual fund contributions, to the iso foundation unless a donor specifically requires the contribution to be maintained by the society. All fundraising expenses are recorded and reported in the society's accounts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$68,319,081$86,184,403▲ $17,865,322
Investments in Publicly Traded Securities$24,386,498$25,912,820▲ $1,526,322
Land, Buildings, and Equipment, Net$3,791,051$3,476,731▼ $314,320
Pledges and Grants Receivable$1,742,893$1,839,648▲ $96,755
Savings and Temporary Cash Investments$448,047$1,605,674▲ $1,157,627
Other Notes and Loans Receivable, Net$250,000--
Accounts Receivable$59,468--
Prepaid Expenses and Deferred Charges$18,750$18,750→ $0
Total Assets$99,982,035$120,040,413▲ $20,058,378
Other Assets Total$966,247$1,002,387▲ $36,140
Liabilities
Mortgage Notes Payable Secured by Investment Property$250,000--
Accounts Payable and Accrued Expenses$5,998$11,299▲ $5,301
Total Liabilities$255,998$11,299▼ $244,699
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$58,426,803$74,566,987▲ $16,140,184
Net Assets With Donor Restrictions$41,299,234$45,462,127▲ $4,162,893
Total Net Assets Fund Balance$99,726,037$120,029,114▲ $20,303,077
Total Liabilities and Net Assets / Fund Balance$99,982,035$120,040,413▲ $20,058,378

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,876,731$7,206,610$10,083,341
Land$600,000-$600,000
Leasehold Improvements$0$37,156$37,156
Other Securities$86,184,403--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$37,571,663$55,998▲ $3,743,298-$41,370,959
2019$36,728,701$501,000▲ $848,185$506,223$37,571,663
2018$36,437,597$501,000▲ $282,415$492,311$36,728,701
2017$35,646,389$111,000▲ $1,103,191$422,983$36,437,597
2016$34,461,941$12,500▲ $1,599,437$427,489$35,646,389
Compensation and Service Providers
Top Officer Pay4th percentile

Board Members and Trustees

NameTitle
John R ThornburghChair
Mark MutzDirector
Martha LamkinDirector
Scott DavisDirector
Susan RidlenDirector
Tom GreinDirector
Robert D RamseySecretary
Jill MargettsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Cambridge Associates LLCInvestment Advisor125 HIGH STREET, Boston, MA 02110$225,000
Revenue and Support

Revenue Composition

Contributions and Grants
$294,518
Program Service Revenue
$1,250,000
Investment Income
$8,954,275
Other Revenue
$36,015
All Other Contributions
$294,518
Change in Net Assets
$2,739,069

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,898,535
Revenue Not Reported on Financial Statements
$1,636,273
Revenue Not Reported on Form 990
$17,564,008
Total Revenue per Audited Statements
$26,462,543
Total Revenue per Form 990
$10,534,808
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,737,047
Other Expenses$2,058,692
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$5,737,047--$5,737,047
Fees for Service Investment Mgmnt Fees-$1,636,273-$1,636,273
Depreciation Depletion$314,321--$314,321
Fees for Services Legal-$28,881-$28,881
Fees for Services Accounting-$20,650-$20,650
Other Expenses-$7,779-$7,779
Interest-$788-$788
Total Functional Expenses$6,051,368$1,744,371$0$7,795,739

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,795,739
Expenses per Audited Statements$6,159,466
Total Expenses per Audited Statements$6,159,466
Expenses Not Reported on Financial Statements$1,636,273
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Indiana Symphony Society IncIndianapolis, IN501(c)(3)To Fund Operating Expenses and Rent$5,737,047

International Summary

Offices
0
Employees
0
Spending
$61,057,354

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,InvestmentsNone00$55,362,322
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumInvestmentsNone00$5,695,032
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
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
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Beginning in 1995, the organization entered into a service agreement with the indiana symphony society, inc. (the society) whereby the society provides the organization certain management services, including endowment fundraising, administrative services, providing office space, and preparing financial records and reports.”

Form 990, Part VI, Section B, Line 11B

“The 990 is reviewed by the audit committee before distribution to the board. A copy of the 990 is distributed to all board members prior to filing.”

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

“The conflict of interest policy is distributed annually to all board members and management with spending authority. Each person is required to sign and return a form indicating they have read the policy and have disclosed any conflicts of interest.”

Form 990, Part VI, Section C, Line 19

“The foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon verbal or written request.”

Form 990, Part VI, Section B, Line 15

“The organization has answered no to questions 15a and 15b in regards to the process for determining compensation for the executive director, officers, and key employees being subject to review and approval by independent persons. However, the organization does not have employees, thus there is no process for determining compensation.”

Filing and Contact Details

Filer

Filer Name
Indianapolis Symphony Orchestra
EIN
35-1812636
Phone
3172621100
Address
32 EAST WASHINGTON STREET NO 600, INDIANAPOLIS, IN 46204-2919

Signing Officer

Name
Jill Margetts
Title
Treasurer
Phone
3172621100
Signed
2022-06-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Janik
Formed
1990
Legal Domicile
In
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Blue & Co LLC
Address
12800 N MERIDIAN ST STE 400, CARMEL, IN 46032
Preparer
Angela N Crawford CPA
Phone
3178488920
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in npv - charitable gift annuity 44.”

Form 990, Part XII, Line 2C

“The organization has an audit committee that assumes responsibility for the oversight of the audit and the selection of an independent accountant. This process has not changed from prior years.”

Financial Statement Notes

PART V, LINE 4:

“To support the indiana symphony society, inc.”

PART X, LINE 2:

“The iso foundation is exempt from federal and state income taxes on related income under section 501(c)(3) of the internal revenue code and similar state law. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the iso foundation and recognize a tax liability if the iso foundation has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the iso foundation, and has concluded that as of august 31, 2021 and 2020, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying financial statements. The iso foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. As such, the iso foundation is generally exempt from income taxes. However, the iso foundation is required to file federal form 990 - return of organization exempt from income tax and a corresponding state return, both of which are informational returns only. The iso foundation has filed its federal and state income tax returns for periods through august 31, 2020. These income tax returns are generally open to examination by the relevant taxing authorities for a period of three years from the later of the date the return was filed or its due date (including approved extensions).”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Change in npv - charitable gift annuity 44.”

Raw XML AppendixShowing 400 of 561 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/ActivityOrMissionDesc0THE INDIANAPOLIS SYMPHONY ORCHESTRA FOUNDATION, INC. (THE "ISO FOUNDATION") WAS FORMED IN SEPTEMBER 1990 FOR THE PURPOSE OF EDUCATING THE PUBLIC AND PROVIDING FINANCIAL AND OTHER SUPPORT TO THE INDIANA SYMPHONY SOCIETY, INC. (THE "SOCIETY"), AN INDIANA NOT-FOR-PROFIT CORPORATION THAT OPERATES THE INDIANAPOLIS SYMPHONY ORCHESTRA. IT IS THE GENERAL PRACTICE OF THE SOCIETY TO TRANSFER CONTRIBUTIONS RAISED, OTHER THAN ANNUAL FUND CONTRIBUTIONS, TO THE ISO FOUNDATION UNLESS A DONOR SPECIFICALLY REQUIRES THE CONTRIBUTION TO BE MAINTAINED BY THE SOCIETY. ALL FUNDRAISING EXPENSES ARE RECORDED AND REPORTED IN THE SOCIETY'S ACCOUNTS.
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IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt078137
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt068319081
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt086184403
IRS990/InvestmentsPubTradedSecGrp/BOYAmt024386498
IRS990/InvestmentsPubTradedSecGrp/EOYAmt025912820
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt03476731
IRS990/LandBldgEquipCostOrOtherBssAmt010720497
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt018145372
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE INDIANAPOLIS SYMPHONY ORCHESTRA FOUNDATION, INC. (THE "ISO FOUNDATION") WAS FORMED IN SEPTEMBER 1990 FOR THE PURPOSE OF EDUCATING THE PUBLIC AND PROVIDING FINANCIAL AND OTHER SUPPORT TO THE INDIANA SYMPHONY SOCIETY, INC. (THE "SOCIETY"), AN INDIANA NOT-FOR-PROFIT CORPORATION THAT OPERATES THE INDIANAPOLIS SYMPHONY ORCHESTRA. IT IS THE GENERAL PRACTICE OF THE SOCIETY TO TRANSFER CONTRIBUTIONS RAISED, OTHER THAN ANNUAL FUND CONTRIBUTIONS, TO THE ISO FOUNDATION UNLESS A DONOR SPECIFICALLY REQUIRES THE CONTRIBUTION TO BE MAINTAINED BY THE SOCIETY. ALL FUNDRAISING EXPENSES ARE RECORDED AND REPORTED IN THE SOCIETY'S ACCOUNTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0250000
IRS990/NetAssetsOrFundBalancesBOYAmt099726037
IRS990/NetAssetsOrFundBalancesEOYAmt0120029114
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt07596027
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt07596027
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt017563964
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt058426803
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt074566987
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0966247
IRS990/OtherAssetsTotalGrp/EOYAmt01002387
IRS990/OtherChangesInNetAssetsAmt044
IRS990/OtherExpensesGrp/Desc0ADMIN SERVICE FEE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt050000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt17779
IRS990/OtherExpensesGrp/TotalAmt050000
IRS990/OtherExpensesGrp/TotalAmt17779
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0ANNUITIES EARNINGS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt036015
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt036015
IRS990/OtherRevenueTotalAmt036015
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0250000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01742893
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01839648
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018750
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018750
IRS990/PrincipalOfficerNm0JENNIFER JANIK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0RENT - SYMPHONY CENTRE
IRS990/ProgramServiceRevenueGrp/Desc1RENT - SYMPHONY CENTRE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0850000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1400000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0850000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1400000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01402252
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt06900000
IRS990/PYInvestmentIncomeAmt05236928
IRS990/PYOtherExpensesAmt01201562
IRS990/PYOtherRevenueAmt040584
IRS990/PYProgramServiceRevenueAmt01304127
IRS990/PYRevenuesLessExpensesAmt0-117671
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt08101562
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07983891
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02739069
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01286015
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0448047
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01605674
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE INDIANA SYMPHONY SOCIETY, INC. (SOCIETY) IS THE SUPPORTED ORGANIZATION FOR THE FOUNDATION. THE MAIN ACTIVITY OF THE FOUNDATION IS TO MANAGE THE INVESTMENTS, INCLUDING REAL ESTATE, THAT DERIVED FROM CONTRIBUTIONS THAT WERE LONG TERM IN NATURE. THIS ACTIVITY FURTHERS THE EXEMPT PURPOSE OF THE SOCIETY BY ALLOWING THE FOUNDATION TO PROVIDE FUNDING TO THE SOCIETY TO COVER EXPENSES RELATED TO ITS EXEMPT PURPOSE. THE FOUNDATION IS RESPONSIVE TO THE SOCIETY AS IT PROVIDES AN OPERATING GRANT EACH YEAR AND IT IS WILLING TO HEAR REQUESTS FROM THE SOCIETY FOR SPECIAL GRANTS WHEN THE NEEDS ARISE THAT ARE IN ADDITION TO THE YEARLY OPERATING GRANT. THE FOUNDATION WILL DECIDE WHETHER TO APPROVE OR DENY THE REQUEST BY THE SOCIETY ON A CASE BY CASE BASIS. THE FOUNDATION HAS DETERMINED THAT MANAGING THE INVESTMENTS , INCLUDING REAL ESTATE IS SUBSTANTIALLY ALL OF ITS ACTIVITIES BECAUSE IT MAKES UP 95% OF ITS ASSETS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1IF THE FOUNDATION DID NOT EXIST, THE ACTIVITIES DESCRIBED FOR LINE 2A, WOULD STILL HAVE TO BE DONE AS IT WOULD NOT BE PRUDENT TO LEAVE OVER $100 MILLION OF INVESTMENTS AND $3 MILLION OF REAL ESTATE UNMANAGED. THEREFORE, IF THE FOUNDATION DID NOT ENGAGE IN THIS ACTIVITY, THE SOCIETY WOULD NEED TO MANAGE THEM ITSELF.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION E, LINE 2A:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 2B:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0350998627
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt05737047
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0INDIANA SYMPHONY SOCIETY INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt05737047
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt02876731
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07206610
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010083341
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt037571663
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt055998
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt041370959
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt03743298
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt036728701
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0501000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt037571663
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0848185
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0506223
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt036437597
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0501000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt036728701
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0282415
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0492311
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt035646389
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0111000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt036437597
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01103191
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0422983
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt034461941
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt012500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt035646389
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01599437
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0427489
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01636273
IRS990ScheduleD/ExpensesSubtotalAmt06159466
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt01636273
IRS990ScheduleD/InvestmentExpensesNotIncldAmt01636273
IRS990ScheduleD/LandGrp/BookValueAmt0600000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0600000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt037156
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt037156
IRS990ScheduleD/NetUnrealizedGainsInvstAmt017563964
IRS990ScheduleD/OtherRevenueAmt044
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt086184403
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT PARTNERSHIPS AND PRIVATE EQUITY FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.81500
IRS990ScheduleD/RevenueNotReportedAmt017564008
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01636273
IRS990ScheduleD/RevenueSubtotalAmt08898535
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TO SUPPORT THE INDIANA SYMPHONY SOCIETY, INC.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ISO FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE LAW. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ISO FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE ISO FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ISO FOUNDATION, AND HAS CONCLUDED THAT AS OF AUGUST 31, 2021 AND 2020, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ISO FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. AS SUCH, THE ISO FOUNDATION IS GENERALLY EXEMPT FROM INCOME TAXES. HOWEVER, THE ISO FOUNDATION IS REQUIRED TO FILE FEDERAL FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX AND A CORRESPONDING STATE RETURN, BOTH OF WHICH ARE INFORMATIONAL RETURNS ONLY. THE ISO FOUNDATION HAS FILED ITS FEDERAL AND STATE INCOME TAX RETURNS FOR PERIODS THROUGH AUGUST 31, 2020. THESE INCOME TAX RETURNS ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE LATER OF THE DATE THE RETURN WAS FILED OR ITS DUE DATE (INCLUDING APPROVED EXTENSIONS).
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2CHANGE IN NPV - CHARITABLE GIFT ANNUITY 44.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.18500
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03476731
IRS990ScheduleD/TotalBookValueSecuritiesAmt086184403
IRS990ScheduleD/TotalExpensesPerForm990Amt07795739
IRS990ScheduleD/TotalRevenuePerForm990Amt010534808
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt026462543
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06159466
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt055362322
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt15695032
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0NONE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1NONE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0INVESTMENTS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1INVESTMENTS
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$120,040,413
Liabilities
$11,299
Net assets
$120,029,114
Revenue
$10,534,808
Expenses
$7,795,739
Net income
$2,739,069
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$121$0.05$121$8.91$8.50$0.41
2023Detailed filing. Detailed filing data is available for this year.$115$0.19$115$7.39$7.78$0.38
2022Detailed filing. Detailed filing data is available for this year.$118$0.06$118$9.60$8.16$1.45
2021Detailed filing. Detailed filing data is available for this year.$120$0.01$120$10.5$7.80$2.74
2020Detailed filing. Detailed filing data is available for this year.$100.0$0.26$99.7$7.98$8.10$0.12
2019Detailed filing. Detailed filing data is available for this year.$98.3$0.47$97.8$7.71$9.26$1.56
2018Detailed filing. Detailed filing data is available for this year.$101$0.72$101$13.3$7.91$5.38
2017Detailed filing. Detailed filing data is available for this year.$98.8$0.61$98.2$8.78$6.94$1.84
2016Detailed filing. Detailed filing data is available for this year.$93.6$0.59$93.0$6.11$7.53$1.42
2015Detailed filing. Detailed filing data is available for this year.$95.6$0.12$95.4$6.37$8.30$1.93
2014Detailed filing. Detailed filing data is available for this year.$99.6$0.15$99.5$8.98$7.36$1.62
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$93.0$0.20$92.8$7.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$89.0$0.39$88.6$13.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$96.6$0.39$96.2$9.60
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$90.5$0.45$90.1$10.4