Civic Intelligence

Lafayette Symphony Foundation Inc

EIN 35-2080594 • 501(c)3 • Lafayette, IN

Profile

Support of the lafayette symphony orchestra.

PO Box 1225Lafayette, IN 47902-1225
Siviq Scores

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

Liabilities / Assets

46th percentile

0.05x

Higher debt load relative to assets than 46% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

63rd percentile

0.17x

Higher debt load relative to revenue than 63% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

96th percentile

78%

Higher net margin than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

12th percentile

-14%

Faster asset growth than 12% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

97th percentile

292%

Faster revenue growth than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$3,454,758

Up $229,380 (+7.1%) from 2023

Liabilities

Down

$156,186

Down $2,088 (-1.3%) from 2023

Net Assets

Up

$3,298,572

Up $231,468 (+7.5%) from 2023

Revenue

Up

$108,720

Up $126,790 (+702%) from 2023

Expenses

Down

$169,798

Down $1,414 (-0.8%) from 2023

Net Income

Up

-$61,078

Up $128,204 (+68%) from 2023

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2013: $2,493,336Liabilities 2013: $127,615Net Assets 2013: $2,365,7212013Assets 2014: $2,841,560Liabilities 2014: $133,818Net Assets 2014: $2,707,7422014Assets 2016: $2,615,934Liabilities 2016: $134,116Net Assets 2016: $2,481,8182016Assets 2017: $2,795,402Liabilities 2017: $134,811Net Assets 2017: $2,660,5912017Assets 2018: $2,859,571Liabilities 2018: $131,666Net Assets 2018: $2,727,9052018Assets 2019: $2,815,507Liabilities 2019: $132,809Net Assets 2019: $2,682,6982019Assets 2020: $2,896,201Liabilities 2020: $133,222Net Assets 2020: $2,762,9792020Assets 2021: $3,687,666Liabilities 2021: $138,505Net Assets 2021: $3,549,1612021Assets 2022: $3,170,588Liabilities 2022: $148,730Net Assets 2022: $3,021,8582022Assets 2023: $3,225,378Liabilities 2023: $158,274Net Assets 2023: $3,067,1042023Assets 2024: $3,454,758Liabilities 2024: $156,186Net Assets 2024: $3,298,5722024

Highlighted filing

2024

Assets$3,454,758
Liabilities$156,186
Net Assets$3,298,572

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2013: $134,6992013Revenue 2014: $249,371Expenses 2014: $143,735Net Income 2014: $105,6362014Revenue 2016: $163,563Expenses 2016: $173,397Net Income 2016: -$9,8342016Revenue 2017: $325,750Expenses 2017: $282,295Net Income 2017: $43,4552017Revenue 2018: $445,659Expenses 2018: $147,659Net Income 2018: $298,0002018Revenue 2019: $22,497Expenses 2019: $152,937Net Income 2019: -$130,4402019Revenue 2020: $364,019Expenses 2020: $150,281Net Income 2020: $213,7382020Revenue 2021: $220,145Expenses 2021: $154,522Net Income 2021: $65,6232021Revenue 2022: $863,193Expenses 2022: $185,775Net Income 2022: $677,4182022Revenue 2023: -$18,070Expenses 2023: $171,212Net Income 2023: -$189,2822023Revenue 2024: $108,720Expenses 2024: $169,798Net Income 2024: -$61,0782024

Highlighted filing

2024

Revenue$108,720
Expenses$169,798
Net Income-$61,078

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 2, 2025
Return Version
2023v6.0
Gross Receipts
$843,364
Mission and Program Overview

Mission

Support of the lafayette symphony orchestra.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,090,710$3,311,751▲ $221,041
Savings and Temporary Cash Investments$33,264$39,463▲ $6,199
Prepaid Expenses and Deferred Charges$200$330▲ $130
Total Assets$3,225,378$3,454,758▲ $229,380
Other Assets Total$101,204$103,214▲ $2,010
Liabilities
Accounts Payable and Accrued Expenses$150,000$149,235▼ $765
Other Liabilities$8,274$6,951▼ $1,323
Total Liabilities$158,274$156,186▼ $2,088
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,087,472$3,390,000▲ $302,528
Net Assets Without Donor Restrictions$-20,368$-91,428▼ $71,060
Total Net Assets Fund Balance$3,067,104$3,298,572▲ $231,468
Total Liabilities and Net Assets / Fund Balance$3,225,378$3,454,758▲ $229,380

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$2,938,575-▲ $435,663-$3,225,004
2022$2,791,944-▲ $296,630-$2,938,575
2021$3,205,436-▼ $273,492-$2,791,944
2020$2,468,431$75,121▲ $783,903-$3,205,436
2019$2,287,313$175,733▲ $108,854-$2,468,431
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$58,041
Program Service Revenue
$0
Investment Income
$29,245
Other Revenue
$21,434
All Other Contributions
$58,041
Change in Net Assets
$-61,078
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$149,234
Other Expenses$20,564
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$149,234--$149,234
Fees for Service Investment Mgmnt Fees-$18,291-$18,291
Insurance-$1,077-$1,077
Other Expenses$669--$669
Fees for Services Accounting-$345-$345
Office Expenses-$182-$182
Total Functional Expenses$149,903$19,895$0$169,798
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lafayette Symphony OrchestraLafayette, IN3General Support$149,234
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Kimberley Morisette CPATreasurerTax Return FeesNo-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
LIABILITIES UNDER UNITRUSTS:UNITRUST$6,951
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
Yes
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, Page 6, Part VI, Line 11B

The treasurer prepares the form 990 and a copy is provided to each board member prior to filing.

Form 990, Page 6, Part VI, Line 12C

Conflict of interest statements are reviewed annually by the board.

Form 990, Page 6, Part VI, Line 19

Documents available upon request.

Filing and Contact Details

Filer

Filer Name
Lafayette Symphony Foundation Inc
EIN
35-2080594
Phone
7657421056
Address
PO BOX 1225, LAFAYETTE, IN 47902-1225

Signing Officer

Name
Kimberley Morisette CPA
Title
Treasurer
Phone
7657426463
Signed
2025-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charlene Sullivan
Formed
1998
Legal Domicile
In
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Huth Thompson Llp
Address
PO BOX 970, LAFAYETTE, IN 47902-0970
Preparer
Kimberley R Morisette
Phone
7654285000
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Support of the lafayette symphony orchestra, inc.

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IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr2Amt0140000
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr3Amt0109003
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistriCyovToNextYrAmt0445355
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear1Amt0149234
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear2Amt0150000
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear3Amt0140000
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear4Amt06121
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriCYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/TotalExcessDistributionCyovAmt0399003
IRS990ScheduleA/DistributionAllocationsGrp/UnderdistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYAdministrativeExpensePaidAmt00
IRS990ScheduleA/DistributionsGrp/CYDistriAttentiveSuprtOrgAmt0149234
IRS990ScheduleA/DistributionsGrp/CYDistributableAsAdjustedAmt0102882
IRS990ScheduleA/DistributionsGrp/CYDistributionYrRt01.000000000000
IRS990ScheduleA/DistributionsGrp/CYOtherDistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYPaidAccomplishExemptPrpsAmt0149234
IRS990ScheduleA/DistributionsGrp/CYPdInExcessIncomeActivityAmt00
IRS990ScheduleA/DistributionsGrp/CYTotalAnnualDistributionsAmt0149234
IRS990ScheduleA/DistributionsGrp/ExemptUseAssetsAcquisPaidAmt00
IRS990ScheduleA/DistributionsGrp/QualifiedSetAsideAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0VOTE ON BOARD
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1DISTRIBUTIONS TO LAFAYETTE SYMPHONY ORCHESTRA, INC. FROM THE LAFAYETTE SYMPHONY FOUNDATION, INC. FOR OPERATIONS OF THE OVERALL ORGANIZATION FOR THIS FISCAL YEAR.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION D, LINE 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART V, SECTION D, LINE 8
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/CurrentYearAmt03083906
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/PriorYearAmt02984240
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/CurrentYearAmt03083906
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/PriorYearAmt02984240
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/CurrentYearAmt046259
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt044764
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/CurrentYearAmt03037647
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt02939476
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/CurrentYearAmt0106318
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/PriorYearAmt0102882
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/CurrentYearAmt03083906
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/PriorYearAmt02984240
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/CurrentYearAmt0106318
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt0102882
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0356029483
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0149234
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LAFAYETTE SYMPHONY ORCHESTRA
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0LAFAYETTE SYMPHONY ORCHESTRA
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/SupportSumAmt0149234
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/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02938575
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt03225004
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0-149234
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0435663
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02791944
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02938575
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-150000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0296630
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03205436
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02791944
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-140000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-273492
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02468431
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt075121
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03205436
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-122020
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0783903
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02287313
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0175733
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02468431
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-103469
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0108854
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06951
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LIABILITIES UNDER UNITRUSTS:UNITRUST
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.71770
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SUPPORT OF THE LAFAYETTE SYMPHONY ORCHESTRA, INC.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.28230
IRS990ScheduleD/TotalLiabilityAmt06951
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0149234
IRS990ScheduleI/RecipientTable/IRCSectionDesc03
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LAFAYETTE SYMPHONY ORCHESTRA
IRS990ScheduleI/RecipientTable/RecipientEIN0356029483
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 52
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LAFAYETTE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd047902
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0N/A

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