Civic Intelligence

Illinois Philharmonic Orchestra

990 • Fiscal year 2016 • EIN 36-3293300

Jun 01, 2015 to May 31, 2016 • Filed on Nov 29, 2016

377 Artists WalkPark Forest, IL 60466

(708) 481-7774

Siviq Scores

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

Liabilities / Assets

99th percentile

2.74x

Higher debt load relative to assets than 99% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

73rd percentile

0.19x

Higher debt load relative to revenue than 73% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

43rd percentile

0.6%

Higher net margin than 43% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Assets

$54,407

No earlier filing loaded for comparison.

Net Assets

-$94,602

No earlier filing loaded for comparison.

Liabilities

$149,009

No earlier filing loaded for comparison.

Revenue

$800,101

No earlier filing loaded for comparison.

Expenses

$795,114

No earlier filing loaded for comparison.

Net Income

$4,987

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2016: $54,407Liabilities 2016: $149,009Net Assets 2016: -$94,6022016Assets 2017: $69,349Liabilities 2017: $149,497Net Assets 2017: -$80,1482017Assets 2019: $3,284,086Liabilities 2019: $166,729Net Assets 2019: $3,117,3572019Assets 2020: $3,360,680Liabilities 2020: $186,644Net Assets 2020: $3,174,0362020Assets 2021: $4,696,867Liabilities 2021: $213,068Net Assets 2021: $4,483,7992021Assets 2022: $4,568,708Liabilities 2022: $90,889Net Assets 2022: $4,477,8192022Assets 2023: $4,434,029Liabilities 2023: $92,955Net Assets 2023: $4,341,0742023Assets 2024: $4,636,652Liabilities 2024: $99,093Net Assets 2024: $4,537,5592024Assets 2025: $5,032,435Liabilities 2025: $117,237Net Assets 2025: $4,915,1982025

Highlighted filing

2016

Assets$54,407
Liabilities$149,009
Net Assets-$94,602

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $800,101Expenses 2016: $795,114Net Income 2016: $4,9872016Revenue 2017: $679,326Expenses 2017: $664,872Net Income 2017: $14,4542017Revenue 2019: $1,156,288Expenses 2019: $888,637Net Income 2019: $267,6512019Revenue 2020: $915,591Expenses 2020: $900,019Net Income 2020: $15,5722020Revenue 2021: $1,136,151Expenses 2021: $623,876Net Income 2021: $512,2752021Revenue 2022: $1,420,692Expenses 2022: $953,828Net Income 2022: $466,8642022Revenue 2023: $1,198,396Expenses 2023: $1,063,521Net Income 2023: $134,8752023Revenue 2024: $931,433Expenses 2024: $1,122,888Net Income 2024: -$191,4552024Revenue 2025: $1,209,523Expenses 2025: $1,060,680Net Income 2025: $148,8432025

Highlighted filing

2016

Revenue$800,101
Expenses$795,114
Net Income$4,987
Jump To
Filing Snapshot
Filing Period
Jun 1, 2015 to May 31, 2016
Signed
Nov 29, 2016
Return Version
2015v2.1
Gross Receipts
$838,133
Mission and Program Overview

Mission

To provide concerts of compelling professional symphonic music, support music education, and expand audience awareness of musical excellence for the diverse communities of the greater Chicago region.

To provide vibrant professional musical entertainment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$43,304$26,719▼ $16,585
Accounts Receivable$6,494$25,010▲ $18,516
Prepaid Expenses and Deferred Charges$2,087$2,610▲ $523
Land, Buildings, and Equipment, Net$774$68▼ $706
Total Assets$52,659$54,407▲ $1,748
Liabilities
Unsecured Notes Loans Payable$60,000$70,000▲ $10,000
Deferred Revenue$77,355$66,690▼ $10,665
Accounts Payable and Accrued Expenses$14,892$12,319▼ $2,573
Total Liabilities$152,247$149,009▼ $3,238
Net Assets / Fund Balance
Unrestricted Net Assets$-99,588$-94,602▲ $4,986
Total Net Assets Fund Balance$-99,588$-94,602▲ $4,986
Total Liabilities and Net Assets / Fund Balance$52,659$54,407▲ $1,748

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$68$31,327$31,395
Compensation and Service Providers

Board Members and Trustees

NameTitle
William DonneDirector/past President
Timothy CoburnPresident
Michael RogersVice President
Barbara DeboltDirector
Billie HauserDirector
Charles AmentaDirector
Donna StocktonDirector
Dory MachtingerDirector
Frank CorralDirector
John WestermanDirector
Karen HoagDirector
Kathleen Field OrrDirector
Marilynn TannebaumDirector
Paul GreenawaltDirector
Richard MoutvicDirector
Shantha SreekanthDirector
Stacy HollandDirector
Steve WingerDirector
Tim BorchertDirector
William HofmannDirector
Carolee SamuelsSecretary
Barbara SturgesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$507,339
Program Service Revenue
$230,000
Investment Income
$0
Other Revenue
$62,762
All Other Contributions
$496,923
Change in Net Assets
$4,987

Audited Revenue Reconciliation

Revenue per Audited Statements
$800,101
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$29,526
Total Revenue per Audited Statements
$829,627
Total Revenue per Form 990
$800,101
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$571,367
Other Expenses$223,747
Total Fundraising Expense$93,406
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$309,290$132,029$74,773$516,092
Advertising$50,051--$50,051
Payroll Taxes$21,225$11,844$6,707$39,776
Occupancy$13,966$15,879-$29,845
Travel$27,356$640-$27,996
Office Expenses-$17,326-$17,326
Fees for Services Other$4,295$8,996$3,084$16,375
Pension Plan Contributions$14,499--$14,499
Insurance-$13,447-$13,447
Fees for Services Accounting-$8,868-$8,868
Fees for Services Management-$6,109-$6,109
Information Technology-$5,799-$5,799
Royalties$2,720--$2,720
Interest-$1,638-$1,638
Conferences and Meetings-$1,575-$1,575
Other Expenses$345$930$8,842$1,275
All Other Expenses$1,229--$1,229
Other Employee Benefits-$1,000-$1,000
Depreciation Depletion-$707-$707
Total Functional Expenses$474,921$226,787$93,406$795,114

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$824,640
Expenses per Audited Statements$795,114
Total Expenses per Form 990$795,114
Expenses Not Reported on Form 990$29,526
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$82,181
Fundraising Direct Expenses$38,032
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fanfare Gala$55,331$51,761$6,014$45,747
Friends Fashion Show/luncheon$22,039$22,039$1,392$20,647
Total Events$91,297$82,181$38,032$44,149
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 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
No

Governance Explanations

Form 990, Part VI, Section B, line 11

Form 990, with request for comment, was delivered electronically to all board members prior to filing.

Form 990, Part VI, Section C, line 19

Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Illinois Philharmonic Orchestra
EIN
36-3293300
Phone
7084817774
Address
377 ARTISTS WALK, PARK FOREST, IL 60466

Signing Officer

Name
Timothy Coburn
Title
President
Phone
7084817774
Signed
2016-11-29
Discuss with paid preparer
No

Organization Details

Principal Officer
Timothy Coburn
Formed
1954
Legal Domicile
Il
Voting Board Members
21
Independent Board Members
21
Employees
175
Volunteers
75

Preparer

Firm
Graves Financial Services Inc
Address
107 S MEADOW ST, GRANT PARK, IL 60940-0656
Preparer
Barbara G Sturges
Phone
8154656781
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

ROUNDING -1.

Financial Statement Notes

Part XI, Line 2D - Other Adjustments:

Direct costs of fund-raising events other than the fashion show and rising 29526. Stars concert which were shown net of expenses in the audit.

Part XII, Line 2D - Other Adjustments:

Direct costs of fund-raising events with exceptions explained above. 29526.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR/PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01954
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt09116
IRS990/FundraisingDirectExpensesAmt038032
IRS990/FundraisingGrossIncomeAmt082181
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GovernmentGrantsAmt050
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0838133
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt021
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt05799
IRS990/InformationTechnologyGrp/TotalAmt05799
IRS990/InsuranceGrp/ManagementAndGeneralAmt013447
IRS990/InsuranceGrp/TotalAmt013447
IRS990/InterestGrp/ManagementAndGeneralAmt01638
IRS990/InterestGrp/TotalAmt01638
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt031327
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0774
IRS990/LandBldgEquipBasisNetGrp/EOYAmt068
IRS990/LandBldgEquipCostOrOtherBssAmt031395
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt01250
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE VIBRANT PROFESSIONAL MUSICAL ENTERTAINMENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-99588
IRS990/NetAssetsOrFundBalancesEOYAmt0-94602
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt044149
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt044149
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt015879
IRS990/OccupancyGrp/ProgramServicesAmt013966
IRS990/OccupancyGrp/TotalAmt029845
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt017326
IRS990/OfficeExpensesGrp/TotalAmt017326
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-1
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01000
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01000
IRS990/OtherExpensesGrp/Desc0CONCERT EXPENSE
IRS990/OtherExpensesGrp/Desc1DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2AUDITIONS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt08842
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0930
IRS990/OtherExpensesGrp/ProgramServicesAmt028204
IRS990/OtherExpensesGrp/ProgramServicesAmt11741
IRS990/OtherExpensesGrp/ProgramServicesAmt2345
IRS990/OtherExpensesGrp/TotalAmt028204
IRS990/OtherExpensesGrp/TotalAmt18842
IRS990/OtherExpensesGrp/TotalAmt21741
IRS990/OtherExpensesGrp/TotalAmt31275
IRS990/OtherRevenueMiscGrp/BusinessCd0711130
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt018613
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt018613
IRS990/OtherRevenueTotalAmt018613
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt074773
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0132029
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0309290
IRS990/OtherSalariesAndWagesGrp/TotalAmt0516092
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt06707
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011844
IRS990/PayrollTaxesGrp/ProgramServicesAmt021225
IRS990/PayrollTaxesGrp/TotalAmt039776
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt014499
IRS990/PensionPlanContributionsGrp/TotalAmt014499
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02087
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02610
IRS990/PrincipalOfficerNm0TIMOTHY COBURN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711130
IRS990/ProgramServiceRevenueGrp/BusinessCd1711130
IRS990/ProgramServiceRevenueGrp/Desc0CONCERT ADMISSIONS
IRS990/ProgramServiceRevenueGrp/Desc1CONTRACTED CONCERTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0227050
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12950
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0227050
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12950
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0529412
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0222052
IRS990/PYOtherRevenueAmt063550
IRS990/PYProgramServiceRevenueAmt0204002
IRS990/PYRevenuesLessExpensesAmt0653
IRS990/PYSalariesCompEmpBnftPaidAmt0574259
IRS990/PYTotalExpensesAmt0796311
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0796964
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt04987
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0248613
IRS990/RoyaltiesGrp/ProgramServicesAmt02720
IRS990/RoyaltiesGrp/TotalAmt02720
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0507339
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0529412
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0436352
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0391191
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0370662
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02234956
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt046500
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt046000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt049719
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt045972
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt0188191
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01040239
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt062762
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt063550
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt057132
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt072804
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt070966

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