Civic Intelligence

Grand Rapids Symphony Orchestra Endowment Fund

990 • Fiscal year 2014 • EIN 38-2243585

Sep 01, 2013 to Aug 31, 2014 • Filed on Apr 01, 2015

Organization ProfileN/A
300 Ottawa Avenue NW Suite 100Grand Rapids, MI 49503

(616) 454-9451

Siviq Scores

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

Liabilities / Assets

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

73rd percentile

14%

Higher net margin than 73% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

38th percentile

$139,165

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 9.4% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

50th percentile

3.4%

Faster asset growth than 50% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

2nd percentile

-75%

Faster revenue growth than 2% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets4th percentile

Assets

Up

$22,836,123

Up $757,951 (+3.4%) from 2013

Net Assets

Up

$22,836,123

Up $1,507,410 (+7.1%) from 2013

Liabilities

Down

$0

Down $749,459 (-100%) from 2013

Revenue And Expenses
Liabilities / Revenue4th percentileNet Margin73rd percentile

Revenue

Down

$1,476,327

Down $4,443,941 (-75%) from 2013

Expenses

Up

$1,270,320

Up $328,161 (+35%) from 2013

Net Income

Down

$206,007

Down $4,772,102 (-96%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

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

$30M$20M$10M$0Assets 2010: $12,592,528Liabilities 2010: $255,011Net Assets 2010: $12,337,5172010Assets 2011: $13,573,810Liabilities 2011: $285,980Net Assets 2011: $13,287,8302011Assets 2012: $17,265,979Liabilities 2012: $446,087Net Assets 2012: $16,819,8922012Assets 2013: $22,078,172Liabilities 2013: $749,459Net Assets 2013: $21,328,7132013Assets 2014: $22,836,123Liabilities 2014: $0Net Assets 2014: $22,836,1232014Assets 2015: $23,857,806Liabilities 2015: $71,507Net Assets 2015: $23,786,2992015Assets 2016: $24,745,183Liabilities 2016: $4,403Net Assets 2016: $24,740,7802016Assets 2017: $27,132,703Liabilities 2017: $36,360Net Assets 2017: $27,096,3432017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2014

Assets$22,836,123
Liabilities$0
Net Assets$22,836,123
Open 2014 Filing

Operations Trend

Revenue Growth2nd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $652,8042010Revenue 2011: $533,413Expenses 2011: $692,335Net Income 2011: -$158,9222011Expenses 2012: $779,5462012Revenue 2013: $5,920,268Expenses 2013: $942,159Net Income 2013: $4,978,1092013Revenue 2014: $1,476,327Expenses 2014: $1,270,320Net Income 2014: $206,0072014Revenue 2015: $3,742,596Expenses 2015: $1,010,974Net Income 2015: $2,731,6222015Revenue 2016: $1,121,675Expenses 2016: $1,017,292Net Income 2016: $104,3832016Revenue 2017: $2,243,204Expenses 2017: $1,353,966Net Income 2017: $889,2382017Revenue 2018: $0Expenses 2018: $1,094,530Net Income 2018: -$1,094,5302018

Highlighted filing

2014

Revenue$1,476,327
Expenses$1,270,320
Net Income$206,007
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2013 to Aug 31, 2014
Signed
Apr 1, 2015
Return Version
2013v4.0
Gross Receipts
$6,535,957
Mission and Program Overview

Mission

Supports the operations and programs of the grand rapids symphony society by sustaining the orchestra's concert, music education and accessibility programming across west michigan.

To provide a supplemental source of funds to support operations of the grand rapids symphony society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$14,476,553$16,339,899▲ $1,863,346
Pledges and Grants Receivable$5,146,835$4,040,464▼ $1,106,371
Accounts Receivable$1,854,784$1,666,281▼ $188,503
Other Notes and Loans Receivable, Net$600,000$600,000→ $0
Savings and Temporary Cash Investments-$189,479-
Total Assets$22,078,172$22,836,123▲ $757,951
Liabilities
Accounts Payable and Accrued Expenses$749,459--
Total Liabilities$749,459$0▼ $749,459
Net Assets / Fund Balance
Permanently Rstr Net Assets$22,155,870$22,832,870▲ $677,000
Temporarily Rstr Net Assets-$989,552-
Unrestricted Net Assets$-827,157$-986,299▼ $159,142
Total Net Assets Fund Balance$21,328,713$22,836,123▲ $1,507,410
Total Liabilities and Net Assets / Fund Balance$22,078,172$22,836,123▲ $757,951

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$21,328,713$777,000▲ $1,968,040$656,000$22,836,123
2013$16,819,892$4,740,204▲ $685,990$714,000$21,328,713
2012$13,287,830$3,650,661▲ $618,508$577,000$16,819,892
2011$12,337,517$21,029▲ $1,621,619$613,000$13,287,830
2010$11,882,079$201,635▲ $906,607$581,278$12,337,517
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Peter KjomeCEOPT$139,165$139,165
Shari DickFormer Finance Director-$90,622$90,622

Board Members and Trustees

NameTitle
Joan GaretyChairperson
Allan EngelImmediate Past Chairperson
Bonnie MillerVice Chairperson
Christine MulkaInterim Finance Director
Chuck FrayerTrustee
Ellen SatterleeTrustee
Mike Van HarenTrustee
Paul PotterTrustee
Robert CollierTrustee
Mark SherwoodSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$777,000
Program Service Revenue
$0
Investment Income
$699,327
Other Revenue
$0
All Other Contributions
$761,975
Change in Net Assets
$206,007

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,443,637
Revenue Not Reported on Financial Statements
$32,690
Revenue Not Reported on Form 990
$1,301,403
Total Revenue per Audited Statements
$2,745,040
Total Revenue per Form 990
$1,476,327
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$656,000
Other Expenses$585,640
Total Fundraising Expense$393,079
Professional Fundraising Fees$28,680
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$656,000--$656,000
Fees for Services Management-$21,930$164,977$186,907
Fees for Service Investment Mgmnt Fees-$71,835-$71,835
Fees for Services Professional Fundraising--$28,680$28,680
Other Expenses-$41,711$4,754$4,754
Fees for Services Accounting-$1,925-$1,925
Total Functional Expenses$656,000$221,241$393,079$1,270,320

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,270,320
Expenses per Audited Statements$1,237,630
Total Expenses per Audited Statements$1,237,630
Expenses Not Reported on Financial Statements$32,690
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
38-6005447-501(c)(3)To Provide Funds to Support Operations of the Grand Rapids Symphony Society.$656,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$28,680
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
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The 990 is reviewed by the vp of finance and signed by the president prior to filing.”

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

“Board members and staff must sign the written conflict of interest policy annually and report any conflicts of interest on the form. Policy is monitored by the executive committee.”

Form 990, Part VI, Section C, Line 19

“The annual report with financial data is available on the website. Governing documents and conflict of interest policy are available upon request within corporate office.”

Filing and Contact Details

Filer

EIN
38-2243585
Phone
6164549451

Signing Officer

Name
Peter Kjome
Title
President
Phone
6164549451
Signed
2015-04-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Kjome
Formed
1979
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Preparer
Margaret W Bishop CPA
Phone
6162355200
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The audit committee has the responsibility of the oversight of the annual audit and selection of independent auditors. There has been no change in this process from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The internal revenue service has determined the endowment to be exempt from federal income taxes under section 501(c)(3) of the internal revenue code. In addition, the endowment qualifies for charitable contribution deductions and has been classified as an organization that is a public charity under section 509(a)(2) and 170(b)(1)(a). Tax positions taken are assessed for uncertainity and a provision may be recorded if a tax position is not likely to be sustained upon examination. With limited exceptions, the endowment is no longer subject to tax audits by federal authorities for years prior to 2010.”

PART V, LINE 4:

“Part v, line 4: to provide a supplemental source of funds to support operations of the grand rapids symphony society.”

Raw XML AppendixShowing 400 of 538 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0749459
IRS990/AccountsReceivableGrp/BOYAmt01854784
IRS990/AccountsReceivableGrp/EOYAmt01666281
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE A SUPPLEMENTAL SOURCE OF FUNDS TO SUPPORT OPERATIONS OF THE GRAND RAPIDS SYMPHONY SOCIETY.
IRS990/AllOtherContributionsAmt0761975
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine10CHRISTINE MULKA
IRS990/BooksInCareOfDetail/PhoneNum06164549451
IRS990/BooksInCareOfDetail/USAddress/AddressLine10300 OTTAWA AVENUE NW SUITE 100
IRS990/BooksInCareOfDetail/USAddress/City0GRAND RAPIDS
IRS990/BooksInCareOfDetail/USAddress/State0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCode049503
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0777000
IRS990/CYGrantsAndSimilarPaidAmt0656000
IRS990/CYInvestmentIncomeAmt0699327
IRS990/CYOtherExpensesAmt0585640
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0206007
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01270320
IRS990/CYTotalFundraisingExpenseAmt0393079
IRS990/CYTotalProfFndrsngExpnsAmt028680
IRS990/CYTotalRevenueAmt01476327
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0CONTRIBUTIONS TO THE GRAND RAPIDS SYMPHONY.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0656000
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01925
IRS990/FeesForServicesAccountingGrp/TotalAmt01925
IRS990/FeesForServicesManagementGrp/FundraisingAmt0164977
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt021930
IRS990/FeesForServicesManagementGrp/TotalAmt0186907
IRS990/FeesForServicesProfFundraising/FundraisingAmt028680
IRS990/FeesForServicesProfFundraising/TotalAmt028680
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt071835
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt071835
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt034.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt136.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt236.80
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt96.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt104.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt113.20
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt99599
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1017995
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0ALLAN ENGEL
IRS990/Form990PartVIISectionAGrp/PersonNm1MARK SHERWOOD
IRS990/Form990PartVIISectionAGrp/PersonNm2JOAN GARETY
IRS990/Form990PartVIISectionAGrp/PersonNm3CHUCK FRAYER
IRS990/Form990PartVIISectionAGrp/PersonNm4BONNIE MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm5ELLEN SATTERLEE
IRS990/Form990PartVIISectionAGrp/PersonNm6ROBERT COLLIER
IRS990/Form990PartVIISectionAGrp/PersonNm7PAUL POTTER
IRS990/Form990PartVIISectionAGrp/PersonNm8MIKE VAN HAREN
IRS990/Form990PartVIISectionAGrp/PersonNm9PETER KJOME
IRS990/Form990PartVIISectionAGrp/PersonNm10SHARI DICK
IRS990/Form990PartVIISectionAGrp/PersonNm11CHRISTINE MULKA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt9129566
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1072627
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0IMMEDIATE PAST CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10FORMER FINANCE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11INTERIM FINANCE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01979
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0278575
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt0656000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0656000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0656000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt05338205
IRS990/GrossReceiptsAmt06535957
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0420752
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0420752
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt014476553
IRS990/InvestmentsPubTradedSecGrp/EOYAmt016339899
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt05059630
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE A SUPPLEMENTAL SOURCE OF FUNDS TO SUPPORT OPERATIONS OF THE GRAND RAPIDS SYMPHONY SOCIETY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt021328713
IRS990/NetAssetsOrFundBalancesEOYAmt022836123
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0278575
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0278575
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01301403
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PRIVATE DONOR EVENT
IRS990/OtherExpensesGrp/Desc1OVERHEAD CHARGES FROM R
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3CAMPAIGN EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt0173708
IRS990/OtherExpensesGrp/FundraisingAmt120960
IRS990/OtherExpensesGrp/FundraisingAmt24754
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt083840
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt141711
IRS990/OtherExpensesGrp/TotalAmt0173708
IRS990/OtherExpensesGrp/TotalAmt1104800
IRS990/OtherExpensesGrp/TotalAmt241711
IRS990/OtherExpensesGrp/TotalAmt34754
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0600000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0600000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt022155870
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt022832870
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt05146835
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt04040464
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0PETER KJOME
IRS990/ProfessionalFundraisingInd01
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04740204
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0714000
IRS990/PYInvestmentIncomeAmt01180064
IRS990/PYOtherExpensesAmt0193063
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt04978109
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0942159
IRS990/PYTotalProfFndrsngExpnsAmt035096
IRS990/PYTotalRevenueAmt05920268
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0206007
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt015025
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0189479
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0AFTER BENCHMARKING OTHER ORCHESTRAS AND THEIR FINANCIAL PERFORMANCE, AND CAREFUL ANALYSIS OF LONG-TERM FINANCIAL PROJECTIONS, THE GRAND RAPIDS SYMPHONY BOARD OF DIRECTORS IDENTIFIED A NEED FOR AN INCREASED ENDOWMENT TO HELP ENSURE THAT ENDOWMENT INCOME AS A PERCENTAGE OF THE BUDGET IS COMPARABLE WITH OTHER WELL-RUN, STABLE ORCHESTRAS. THE CURRENT ENDOWMENT SIZE IS NOT SUFFICIENT TO ACHIEVE LONG-TERM INSTITUTIONAL OBJECTIVES, AND THE CURRENT FINANCIAL MODEL DOES NOT FULLY SUPPORT ACHIEVEMENT OF THE MISSION AND VISION OF OUR ORGANIZATION AND ITS SERVICE TO THE PEOPLE OF GRAND RAPIDS AND WEST MICHIGAN. THE GRAND RAPIDS SYMPHONY IS CURRENTLY IN THE ACTIVE PHASE OF AN ENDOWMENT CAMPAIGN TO HELP MAKE BENEFICIAL AND NECESSARY PROGRESS TOWARD DEVELOPMENT OF A SUSTAINABLE FINANCIAL MODEL FOR THE SYMPHONY. TO HELP THE ORGANIZATION MOVE FORWARD WITH THE CAMPAIGN, SIGNIFICANT LEAD COMMITMENTS WERE MADE TO MAKE PROGRESS DOWN THE PATH TOWARD LONG-TERM FINANCIAL SUSTAINABILITY. THE LEAD COMMITMENTS RECEIVED DURING THE QUIET PHASE OF THE CAMPAIGN HELPED INSPIRE AND ENCOURAGE THE GENEROUS SUPPORT OF MANY OTHERS WHO CARE DEEPLY ABOUT THE ORCHESTRA AND ITS FUTURE AND WANT IT TO ENRICH GRAND RAPIDS AND WEST MICHIGAN FOR GENERATIONS TO COME. THE EFFORTS OF THE LEGACY OF EXCELLENCE CAMPAIGN LEADERSHIP HAVE FOCUSED ON DISCUSSIONS WITH COMMUNITY LEADERS WITH THE INTEREST AND ABILITY TO PROVIDE THE GENEROUS SUPPORT THAT IS REQUIRED TO HELP ENSURE THE SUCCESS OF THE LEGACY OF EXCELLENCE CAMPAIGN. THE CAMPAIGN WILL ATTRACT THE SUPPORT OF MANY OTHERS WHO WISH TO HELP ENSURE THAT GRAND RAPIDS AND WEST MICHIGAN ARE ALWAYS HOME TO AN OUTSTANDING ORCHESTRA TO SERVE THE COMMUNITY. COMBINED WITH CONCERT REVENUE AND ANNUAL GIVING, A WELL-MANAGED ENDOWMENT WILL PROVIDE THE RESOURCES NEEDED TO MAINTAIN THE ORCHESTRA'S ARTISTIC EXCELLENCE AND EDUCATIONAL PROGRAMS FOR THE COMMUNITY.
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc0PART II, SECTION C, LINE 17A, FACTS AND CIRCUMSTANCES TEST:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0777000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04740204
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03650661
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt021029
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0201635
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt09390529
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0420752
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0421011
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0428119
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0393548
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0209075
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01872505
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.28350
IRS990ScheduleA/PublicSupportPY170Pct00.22090
IRS990ScheduleA/PublicSupportTotal170Amt03192617
IRS990ScheduleA/SubstantialContributorsTotAmt06197912
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0777000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt04740204
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03650661
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt021029
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0201635
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09390529
IRS990ScheduleA/TotalSupportAmt011263034
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/CYEndwmtFundGrp/AdministrativeExpensesAmt0581630
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt021328713
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0777000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt022836123
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01968040
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0656000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0203373
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt016819892
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt04740204
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt021328713
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0685990
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0714000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0160107
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt013287830
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt03650661
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt016819892
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0618508
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0577000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt079335
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt012337517
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt021029
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt013287830
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01621619
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0613000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt071526
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt011882079
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0201635
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt012337517
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0906607
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0581278
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt032690
IRS990ScheduleD/ExpensesSubtotalAmt01237630
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt032690
IRS990ScheduleD/InvestmentExpensesNotIncldAmt032690
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01301403
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt01301403
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt032690
IRS990ScheduleD/RevenueSubtotalAmt01443637
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTERNAL REVENUE SERVICE HAS DETERMINED THE ENDOWMENT TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE ENDOWMENT QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS A PUBLIC CHARITY UNDER SECTION 509(A)(2) AND 170(B)(1)(A). TAX POSITIONS TAKEN ARE ASSESSED FOR UNCERTAINITY AND A PROVISION MAY BE RECORDED IF A TAX POSITION IS NOT LIKELY TO BE SUSTAINED UPON EXAMINATION. WITH LIMITED EXCEPTIONS, THE ENDOWMENT IS NO LONGER SUBJECT TO TAX AUDITS BY FEDERAL AUTHORITIES FOR YEARS PRIOR TO 2010.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PART V, LINE 4: TO PROVIDE A SUPPLEMENTAL SOURCE OF FUNDS TO SUPPORT OPERATIONS OF THE GRAND RAPIDS SYMPHONY SOCIETY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART V, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01270320
IRS990ScheduleD/TotalRevenuePerForm990Amt01476327
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02745040
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01237630
IRS990ScheduleG/AgrmtProfFundraisingActyInd01
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0FUNDRAISING CONSULTING
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt1FUNDRAISING CONSULTING
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd10
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt00
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt10
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt00
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt10
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine10PARRISH CONSULTING
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm0STEVE OZINGA
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt024917
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt13763
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine10233 E FULTON ST STE 101F
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine111676 PINECROFT COURT SW
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/City0GRAND RAPIDS
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/City1WYOMING
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/State0MI
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/State1MI
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCode049503
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCode149519
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/LicensedStatesCd0MI
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SolicitationOfGovtGrantsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleG/TotalRetainedByContractorsAmt028680
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0656000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE FUNDS TO SUPPORT OPERATIONS OF THE GRAND RAPIDS SYMPHONY SOCIETY.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10GRAND RAPIDS SYMPHONY SOCIETY
IRS990ScheduleI/RecipientTable/RecipientEIN0386005447
IRS990ScheduleI/RecipientTable/USAddress/AddressLine10300 OTTAWA AVE
IRS990ScheduleI/RecipientTable/USAddress/City0GRAND RAPIDS
IRS990ScheduleI/RecipientTable/USAddress/State0MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode049503
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE VP OF FINANCE AND SIGNED BY THE PRESIDENT PRIOR TO FILING.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,836,123
Liabilities
$0
Net assets
$22,836,123
Revenue
$1,476,327
Expenses
$1,270,320
Net income
$206,007
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$1.09$1.09
2017Detailed filing. Detailed filing data is available for this year.$27.1$0.04$27.1$2.24$1.35$0.89
2016Detailed filing. Detailed filing data is available for this year.$24.7$0.00$24.7$1.12$1.02$0.10
2015Detailed filing. Detailed filing data is available for this year.$23.9$0.07$23.8$3.74$1.01$2.73
2014Detailed filing. Detailed filing data is available for this year.$22.8$0.00$22.8$1.48$1.27$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.1$0.75$21.3$5.92$0.94$4.98
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.3$0.45$16.8$0.78
2011Summary only. Only limited summary data is available for this year.$13.6$0.29$13.3$0.53$0.69$0.16
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$0.26$12.3$0.65