Civic Intelligence

Lafayette Symphony Foundation Inc

990 • Fiscal year 2020 • EIN 35-2080594

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 28, 2020

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

39th percentile

0.05x

Higher debt load relative to assets than 39% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

72nd percentile

0.37x

Higher debt load relative to revenue than 72% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

92nd percentile

59%

Higher net margin than 92% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

42nd percentile

2.9%

Faster asset growth than 42% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

99th percentile

1518%

Faster revenue growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$2,896,201

Up $80,694 (+2.9%) from 2019

Net Assets

Up

$2,762,979

Up $80,281 (+3.0%) from 2019

Liabilities

Up

$133,222

Up $413 (+0.3%) from 2019

Revenue

Up

$364,019

Up $341,522 (+1518%) from 2019

Expenses

Down

$150,281

Down $2,656 (-1.7%) from 2019

Net Income

Up

$213,738

Up $344,178 (+264%) from 2019

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

2020

Assets$2,896,201
Liabilities$133,222
Net Assets$2,762,979

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

2020

Revenue$364,019
Expenses$150,281
Net Income$213,738
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 28, 2020
Return Version
2019v5.0
Gross Receipts
$2,148,706
Mission and Program Overview

Mission

Support of the lafayette symphony orchestra.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,691,332$2,724,416▲ $33,084
Savings and Temporary Cash Investments$33,409$83,984▲ $50,575
Prepaid Expenses and Deferred Charges$267$333▲ $66
Total Assets$2,815,507$2,896,201▲ $80,694
Other Assets Total$90,499$87,468▼ $3,031
Liabilities
Accounts Payable and Accrued Expenses$124,654$124,720▲ $66
Other Liabilities$8,155$8,502▲ $347
Total Liabilities$132,809$133,222▲ $413
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,409,667$2,592,620▲ $182,953
Net Assets Without Donor Restrictions$273,031$170,359▼ $102,672
Total Net Assets Fund Balance$2,682,698$2,762,979▲ $80,281
Total Liabilities and Net Assets / Fund Balance$2,815,507$2,896,201▲ $80,694

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$2,287,313$175,733▲ $108,854-$2,468,431
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
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$179,823
Program Service Revenue
$0
Investment Income
$182,768
Other Revenue
$1,428
All Other Contributions
$179,823
Change in Net Assets
$213,738
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$124,532
Other Expenses$25,749
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$124,532--$124,532
Fees for Service Investment Mgmnt Fees-$19,978-$19,978
Fees for Services Accounting-$4,300-$4,300
Insurance-$733-$733
Other Expenses-$632-$632
Office Expenses-$106-$106
Total Functional Expenses$124,532$25,749$0$150,281
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lafayette Symphony OrchestraLafayette, IN3General Support$124,532
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$8,502
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
2020-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rabindra Mukerjea
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/OtherRevenueTotalAmt01428
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0267
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0333
IRS990/PrincipalOfficerNm0RABINDRA MUKERJEA
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt018417
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0131150
IRS990/PYInvestmentIncomeAmt0-5844
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IRS990/PYOtherRevenueAmt09924
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IRS990/PYTotalExpensesAmt0152937
IRS990/PYTotalRevenueAmt022497
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0213738
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt033409
IRS990/SavingsAndTempCashInvstGrp/EOYAmt083984
IRS990ScheduleA/AdjustedNetIncomeGrp/AdjustedGrossIncomeGrp/CurrentYearAmt069155
IRS990ScheduleA/AdjustedNetIncomeGrp/AdjustedGrossIncomeGrp/PriorYearAmt070618
IRS990ScheduleA/AdjustedNetIncomeGrp/DepreciationDepletionGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/NetSTCapitalGainAdjNetIncmGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherExpensesGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherGrossIncomeGrp/CurrentYearAmt069155
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherGrossIncomeGrp/PriorYearAmt070618
IRS990ScheduleA/AdjustedNetIncomeGrp/ProductionIncomeGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/RecoveriesPYDistributionsGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/TotalAdjustedNetIncomeGrp/CurrentYearAmt069155
IRS990ScheduleA/AdjustedNetIncomeGrp/TotalAdjustedNetIncomeGrp/PriorYearAmt070618
IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt070618
IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt088794
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt088794
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
IRS990ScheduleA/DistributableAmountGrp/CYPct85AdjustedNetIncomeAmt060025
IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt088794
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IRS990ScheduleA/DistributionAllocationsGrp/CYDistributableAsAdjustedAmt088794
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistrCPYAmt088794
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistriPYAmt00
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IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionAmt0124532
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovAmt0170389
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr1Amt0128150
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr2Amt0121689
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr3Amt09344
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistriCyovToNextYrAmt0294921
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear1Amt0124532
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear2Amt0128150
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear3Amt042239
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriCYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/TotalExcessDistributionCyovAmt0259183
IRS990ScheduleA/DistributionAllocationsGrp/UnderdistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYAdministrativeExpensePaidAmt0532
IRS990ScheduleA/DistributionsGrp/CYDistriAttentiveSuprtOrgAmt0124000
IRS990ScheduleA/DistributionsGrp/CYDistributableAsAdjustedAmt088794
IRS990ScheduleA/DistributionsGrp/CYDistributionYrRt01.000000000000
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IRS990ScheduleA/DistributionsGrp/CYPaidAccomplishExemptPrpsAmt0124000
IRS990ScheduleA/DistributionsGrp/CYPdInExcessIncomeActivityAmt00
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IRS990ScheduleA/DistributionsGrp/ExemptUseAssetsAcquisPaidAmt00
IRS990ScheduleA/DistributionsGrp/QualifiedSetAsideAmt00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
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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
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IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/PriorYearAmt02575604
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IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/PriorYearAmt02575604
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/CurrentYearAmt040059
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt038634
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
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IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt02536970
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED

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