Civic Intelligence

Lafayette Symphony Foundation Inc

990 • Fiscal year 2019 • EIN 35-2080594

Jul 01, 2018 to Jun 30, 2019 • Filed on Dec 02, 2019

PO Box 1225Lafayette, IN 47902-1225

(765) 742-1056

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.05x

Higher debt load relative to assets than 43% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

96th percentile

5.90x

Higher debt load relative to revenue than 96% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

1st percentile

-580%

Higher net margin than 1% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

33rd percentile

-1.5%

Faster asset growth than 33% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-95%

Faster revenue growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$2,815,507

Down $44,064 (-1.5%) from 2018

Net Assets

Down

$2,682,698

Down $45,207 (-1.7%) from 2018

Liabilities

Up

$132,809

Up $1,143 (+0.9%) from 2018

Revenue

Down

$22,497

Down $423,162 (-95%) from 2018

Expenses

Up

$152,937

Up $5,278 (+3.6%) from 2018

Net Income

Down

-$130,440

Down $428,440 (-144%) from 2018

Historical Trend

Balance Sheet Trend

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

$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

2019

Assets$2,815,507
Liabilities$132,809
Net Assets$2,682,698

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$22,497
Expenses$152,937
Net Income-$130,440
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Dec 2, 2019
Return Version
2018v3.1
Gross Receipts
$1,808,374
Mission and Program Overview

Mission

Support of the lafayette symphony orchestra.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,724,300$2,691,332▼ $32,968
Savings and Temporary Cash Investments$46,497$33,409▼ $13,088
Accounts Receivable$581--
Prepaid Expenses and Deferred Charges$263$267▲ $4
Total Assets$2,859,571$2,815,507▼ $44,064
Other Assets Total$87,930$90,499▲ $2,569
Liabilities
Accounts Payable and Accrued Expenses$121,754$124,654▲ $2,900
Other Liabilities$9,912$8,155▼ $1,757
Total Liabilities$131,666$132,809▲ $1,143
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,062,685$2,066,263▲ $3,578
Temporarily Rstr Net Assets$311,129$343,404▲ $32,275
Unrestricted Net Assets$354,091$273,031▼ $81,060
Total Net Assets Fund Balance$2,727,905$2,682,698▼ $45,207
Total Liabilities and Net Assets / Fund Balance$2,859,571$2,815,507▼ $44,064

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$2,254,398-▲ $145,655-$2,287,313
2017$2,317,647$44,063▼ $1,664-$2,254,398
2016$2,201,465-▼ $134,883-$2,317,647
2015$2,339,020-▼ $277,555-$2,201,465
2014$2,372,228-▼ $143,208-$2,339,020
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dorothy ReedChair
Rabindra MukerjeaVice Chair
Dana SmithDirector
Eric RodyDirector
John McbrideDirector
John SchneiderDirector
Kari HigbeeDirector
Karl BrandtDirector
Kathy BowmanDirector
Olga JeffaresDirector
Pris GerdeDirector
Ryan MclaughlinDirector
Shirley WestDirector
Steven StuckyDirector
Alberta BarkerImmediate Pa
Steve SchlenkSecretary
Kimberley Morisette CPATreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$18,417
Program Service Revenue
$0
Investment Income
$-5,844
Other Revenue
$9,924
All Other Contributions
$18,417
Change in Net Assets
$-130,440
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$131,150
Other Expenses$21,787
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$131,150--$131,150
Fees for Service Investment Mgmnt Fees-$16,157-$16,157
Fees for Services Accounting-$4,110-$4,110
Insurance-$796-$796
Other Expenses-$632-$632
Office Expenses-$92-$92
Total Functional Expenses$131,150$21,787$0$152,937
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lafayette Symphony OrchestraLafayette, IN3General Support$131,150
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$250
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
LIABILITIES UNDER UNITRUSTS:UNITRUST$8,155
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
2019-12-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dorothy Reed
Formed
1998
Legal Domicile
In
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
17

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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IRS990/OtherRevenueMiscGrp/Desc0CHANGE IN VALUE SPLIT INT. AG
IRS990/OtherRevenueMiscGrp/Desc1PAID UP INSURANCE INCREASE
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt12569
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07355
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt12569
IRS990/OtherRevenueTotalAmt09924
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IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt02062685
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt02066263
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0263
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0267
IRS990/PrincipalOfficerNm0DOROTHY REED
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt042624
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IRS990/PYInvestmentIncomeAmt0390650
IRS990/PYOtherExpensesAmt024970
IRS990/PYOtherRevenueAmt012385
IRS990/PYRevenuesLessExpensesAmt0298000
IRS990/PYTotalExpensesAmt0147659
IRS990/PYTotalRevenueAmt0445659
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-130440
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IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt046497
IRS990/SavingsAndTempCashInvstGrp/EOYAmt033409
IRS990ScheduleA/AdjustedNetIncomeGrp/AdjustedGrossIncomeGrp/CurrentYearAmt070618
IRS990ScheduleA/AdjustedNetIncomeGrp/AdjustedGrossIncomeGrp/PriorYearAmt087552
IRS990ScheduleA/AdjustedNetIncomeGrp/DepreciationDepletionGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/NetSTCapitalGainAdjNetIncmGrp/PriorYearAmt07332
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherExpensesGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherGrossIncomeGrp/CurrentYearAmt070618
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherGrossIncomeGrp/PriorYearAmt080220
IRS990ScheduleA/AdjustedNetIncomeGrp/ProductionIncomeGrp/PriorYearAmt00
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IRS990ScheduleA/AdjustedNetIncomeGrp/TotalAdjustedNetIncomeGrp/CurrentYearAmt070618
IRS990ScheduleA/AdjustedNetIncomeGrp/TotalAdjustedNetIncomeGrp/PriorYearAmt087552
IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt087552
IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt091876
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt091876
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
IRS990ScheduleA/DistributableAmountGrp/CYPct85AdjustedNetIncomeAmt074419
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IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionAmt0128150
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovAmt0131033
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr1Amt0121689
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr2Amt0101220
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistriCyovToNextYrAmt0259183
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear1Amt0128150
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear2Amt0121689
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear3Amt09344
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriCYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/TotalExcessDistributionCyovAmt0222909
IRS990ScheduleA/DistributionAllocationsGrp/UnderdistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYAdministrativeExpensePaidAmt07150
IRS990ScheduleA/DistributionsGrp/CYDistriAttentiveSuprtOrgAmt0121000
IRS990ScheduleA/DistributionsGrp/CYDistributableAsAdjustedAmt091876
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IRS990ScheduleA/DistributionsGrp/CYPdInExcessIncomeActivityAmt00
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IRS990ScheduleA/DistributionsGrp/ExemptUseAssetsAcquisPaidAmt00
IRS990ScheduleA/DistributionsGrp/QualifiedSetAsideAmt00
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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
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IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/PriorYearAmt02665007
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/CurrentYearAmt02575604
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/PriorYearAmt02665007
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/CurrentYearAmt038634
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt039975
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
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IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/CurrentYearAmt02536970
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt02625032
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IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/PriorYearAmt091876
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
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IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/CurrentYearAmt088794
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt091876
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0131150
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LAFAYETTE SYMPHONY ORCHESTRA
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IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X

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