Civic Intelligence

Des Moines Symphony Association Foundation

990 • Fiscal year 2018 • EIN 42-1246575

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 14, 2018

1011 Locust St Suite 200Des Moines, IA 50309

(515) 280-4000

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.02x

Higher debt load relative to assets than 23% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

61st percentile

0.27x

Higher debt load relative to revenue than 61% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

8th percentile

-32%

Higher net margin than 8% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

47th percentile

1.0%

Faster asset growth than 47% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

42nd percentile

1.3%

Faster revenue growth than 42% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$6,429,414

Up $63,291 (+1.0%) from 2017

Net Assets

Down

$6,297,183

Down $61,563 (-1.0%) from 2017

Liabilities

Up

$132,231

Up $124,854 (+1692%) from 2017

Revenue

Up

$497,889

Up $6,553 (+1.3%) from 2017

Expenses

Up

$658,091

Up $76,677 (+13%) from 2017

Net Income

Down

-$160,202

Down $70,124 (-78%) from 2017

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $3,507,824Liabilities 2011: $10,175Net Assets 2011: $3,497,6492011Assets 2012: $5,072,581Liabilities 2012: $10,548Net Assets 2012: $5,062,0332012Assets 2013: $6,716,761Liabilities 2013: $0Net Assets 2013: $6,716,7612013Assets 2014: $8,082,434Liabilities 2014: $69,577Net Assets 2014: $8,012,8572014Assets 2015: $7,987,031Liabilities 2015: $30,560Net Assets 2015: $7,956,4712015Assets 2016: $6,616,949Liabilities 2016: $16,743Net Assets 2016: $6,600,2062016Assets 2017: $6,366,123Liabilities 2017: $7,377Net Assets 2017: $6,358,7462017Assets 2018: $6,429,414Liabilities 2018: $132,231Net Assets 2018: $6,297,1832018Assets 2019: $7,600,796Liabilities 2019: $138,053Net Assets 2019: $7,462,7432019Assets 2020: $8,997,769Liabilities 2020: $98,177Net Assets 2020: $8,899,5922020Assets 2021: $10,950,979Liabilities 2021: $79,450Net Assets 2021: $10,871,5292021Assets 2022: $17,022,973Liabilities 2022: $608,468Net Assets 2022: $16,414,5052022Assets 2023: $17,988,003Liabilities 2023: $553,806Net Assets 2023: $17,434,1972023Assets 2024: $19,185,050Liabilities 2024: $495,333Net Assets 2024: $18,689,7172024

Highlighted filing

2018

Assets$6,429,414
Liabilities$132,231
Net Assets$6,297,183

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $152,582Expenses 2011: $306,926Net Income 2011: -$154,3442011Revenue 2012: $2,342,128Expenses 2012: $533,799Net Income 2012: $1,808,3292012Expenses 2013: $579,6542013Revenue 2014: $1,637,062Expenses 2014: $535,343Net Income 2014: $1,101,7192014Revenue 2015: $237,443Expenses 2015: $496,121Net Income 2015: -$258,6782015Revenue 2016: $245,211Expenses 2016: $1,399,977Net Income 2016: -$1,154,7662016Revenue 2017: $491,336Expenses 2017: $581,414Net Income 2017: -$90,0782017Revenue 2018: $497,889Expenses 2018: $658,091Net Income 2018: -$160,2022018Revenue 2019: $1,547,825Expenses 2019: $552,698Net Income 2019: $995,1272019Revenue 2020: $2,277,005Expenses 2020: $932,021Net Income 2020: $1,344,9842020Revenue 2021: $1,582,759Expenses 2021: $575,437Net Income 2021: $1,007,3222021Revenue 2022: $8,433,449Expenses 2022: $1,067,974Net Income 2022: $7,365,4752022Revenue 2023: $656,241Expenses 2023: $1,123,198Net Income 2023: -$466,9572023Revenue 2024: $900,549Expenses 2024: $1,281,290Net Income 2024: -$380,7412024

Highlighted filing

2018

Revenue$497,889
Expenses$658,091
Net Income-$160,202
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 14, 2018
Return Version
2017v2.3
Gross Receipts
$3,518,558
Mission and Program Overview

Mission

The foundation was established to provide financial assistance to the des moines symphony association to allow the association to achieve both immediate and long-term goals. The foundation is intended to be a permanent endowment fund that will support the continuing viability of the association in perpetuity by providing a consisten, meaningful, annual contirbution toward the operations of the association.

The foundation provides financial assistance to the des moines symphony association.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,961,255$6,160,356▲ $199,101
Cash and Non-Interest-Bearing Accounts$198,705$238,564▲ $39,859
Pledges and Grants Receivable$206,163$30,494▼ $175,669
Total Assets$6,366,123$6,429,414▲ $63,291
Liabilities
Accounts Payable and Accrued Expenses$7,377$132,231▲ $124,854
Total Liabilities$7,377$132,231▲ $124,854
Net Assets / Fund Balance
Unrestricted Net Assets$3,835,947$3,811,348▼ $24,599
Permanently Rstr Net Assets$2,330,345$2,330,345→ $0
Temporarily Rstr Net Assets$192,454$155,490▼ $36,964
Total Net Assets Fund Balance$6,358,746$6,297,183▼ $61,563
Total Liabilities and Net Assets / Fund Balance$6,366,123$6,429,414▲ $63,291

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$6,358,746$145,077▲ $451,451$609,702$6,297,183
2016$6,063,052$275,564▲ $601,544$537,430$6,358,746
2015$7,389,599$232,541▼ $158,111$1,367,344$6,063,052
2014$8,012,857$100,306▲ $339,429$1,022,117$7,389,599
2013$6,716,761$1,082,149▲ $749,290$494,292$8,012,857
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paul R TylerPresident
Amy BeattieDirector
Ashlee ViereggerDirector
Eugene T MeyerDirector
John Ruan IvDirector
Kevin CooneyDirector
Steven M NadelDirector
Rebecca D Shaw MdEx Officio
Russell J BittermanImmediate Pa
Pamela NelsonSecretary
David S StruttTreasurer
Dr Stephen C SmithVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$145,077
Program Service Revenue
$0
Investment Income
$352,812
Other Revenue
$0
All Other Contributions
$145,077
Change in Net Assets
$-160,202

Audited Revenue Reconciliation

Revenue per Audited Statements
$497,889
Revenue Not Reported on Form 990
$98,639
Total Revenue per Audited Statements
$596,528
Total Revenue per Form 990
$497,889
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$573,902
Other Expenses$50,689
Total Fundraising Expense$35,800
Salaries, Compensation, and Employee Benefits$33,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$573,902--$573,902
Fees for Service Investment Mgmnt Fees-$34,191-$34,191
Comp Disqual Persons--$33,500$33,500
Fees for Services Accounting-$13,000-$13,000
Advertising--$2,300$2,300
Insurance-$1,015-$1,015
Other Expenses-$183-$183
Total Functional Expenses$573,902$48,389$35,800$658,091

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$658,091
Total Expenses per Audited Statements$658,091
Total Expenses per Form 990$658,091
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Des Moines Symphony AssociationDes Moines, IA501c3Operations of Dmsa$573,902
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

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
Ashlee ViereggerW.m./trust Off.Bankers TrustNo-
John Ruan IvVp, Bankers TruBankers TrustNo-
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, Page 6, Part VI, Line 11B

The treasurer reviews the annual form 990 and submits it to the board of directors for approval. The board of directors reviews the form 990 and approves it for filing.

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

The conflict of interest policy is distributed annually to each board member, who identifies any and all conflicts of interest on the form. The conflict of interest process is monitored by the board president.

Form 990, Page 6, Part VI, Line 19

The des moines symphony foundation's governing documents, conflict of interest policy and financial statements are available at our office. Photocopies of documents are provided within one week of request. These documents are available for the same period of time as described in internal revenue code section 6104(d) for other public disclosure documents.

Filing and Contact Details

Filer

Filer Name
Des Moines Symphony Foundation
EIN
42-1246575
Phone
5152804000
Address
1011 LOCUST ST SUITE 200, DES MOINES, IA 50309

Signing Officer

Name
Richard L Early
Title
Executive Director
Phone
5152804000
Signed
2018-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard L Early
Formed
1983
Legal Domicile
Ia
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
11

Preparer

Firm
Mcgowen Hurst Clark & Smith Pc
Address
1601 W LAKES PKWY STE 300, WEST DES MOINES, IA 50266
Preparer
Kathleen S New CPA
Phone
5152883279
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The foundation was established to provide financial assistance to the des moines symphony association to allow the association to achieve both immediate and long-term goals. The foundation is intended to be a permanent endowment fund that will support the continuing viability of the association in perpetuity by providing a consistent, meaningful annual contribution toward the operations of the association.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The des moines symphony foundation is a supporting organization of the des moines symphony association. Their sole purpose is to hold the endowment for the benefit of the association as stated in their articles of incorporation.

Schedule D, Page 3, Part X

The foundation has a tax determination letter from the internal revenue service stating it qualifies under the provisions of section 501(c)(3) of the internal revenue code (the code) and is exempt from federal income taxes. The foundation is subject to federal income taxes only on any net unrelated business income as defined by the code. Management is unaware of any uncertain income tax positions at june 30, 2018 or 2017. Interest and penalties associated with income tax matters would be presented as components of income tax expense. There were no interest or penalty charges during 2018 or 2017.

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IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt02330345
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt02330345
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt030494
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0RICHARD L EARLY
IRS990/ProfessionalFundraisingInd0true
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0275564
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IRS990/PYGrantsAndSimilarPaidAmt0500391
IRS990/PYInvestmentIncomeAmt0215772
IRS990/PYOtherExpensesAmt047523
IRS990/PYRevenuesLessExpensesAmt0-90078
IRS990/PYSalariesCompEmpBnftPaidAmt033500
IRS990/PYTotalExpensesAmt0581414
IRS990/PYTotalRevenueAmt0491336
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-160202
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FOUNDATION AND THE ASSOCIATION ARE UNDER COMMON MANAGEMENT CONTROL.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION C, LINE 1
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd0false
IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0573902
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0DES MOINES SYMPHONY ASSOCIATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt0573902
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.60520
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt048389
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt06358746
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0145077
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt06297183
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0451451
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0609702
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt043984
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt06063052
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0275564
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt06358746
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0601544
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt033633
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt07389599
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0232541
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt06063052
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-158111
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt01367344
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt040876
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt08012857
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0100306
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt07389599
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0339429
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt01022117
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt041051
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt06716761
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01082149
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt08012857
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0749290
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0494292
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0658091
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt098639
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.37010
IRS990ScheduleD/RevenueNotReportedAmt098639
IRS990ScheduleD/RevenueSubtotalAmt0497889
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE DES MOINES SYMPHONY FOUNDATION IS A SUPPORTING ORGANIZATION OF THE DES MOINES SYMPHONY ASSOCIATION. THEIR SOLE PURPOSE IS TO HOLD THE ENDOWMENT FOR THE BENEFIT OF THE ASSOCIATION AS STATED IN THEIR ARTICLES OF INCORPORATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION HAS A TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE STATING IT QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS EXEMPT FROM FEDERAL INCOME TAXES. THE FOUNDATION IS SUBJECT TO FEDERAL INCOME TAXES ONLY ON ANY NET UNRELATED BUSINESS INCOME AS DEFINED BY THE CODE. MANAGEMENT IS UNAWARE OF ANY UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2018 OR 2017. INTEREST AND PENALTIES ASSOCIATED WITH INCOME TAX MATTERS WOULD BE PRESENTED AS COMPONENTS OF INCOME TAX EXPENSE. THERE WERE NO INTEREST OR PENALTY CHARGES DURING 2018 OR 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.02470
IRS990ScheduleD/TotalExpensesPerForm990Amt0658091
IRS990ScheduleD/TotalRevenuePerForm990Amt0497889
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0596528
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0658091
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0573902
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0OPERATIONS OF DMSA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0DES MOINES SYMPHONY ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientEIN0426058830
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01011 LOCUST ST SUITE 200
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DES MOINES
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd050309
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHEDULE I, PART II THE DES MOINES SYMPHONY FOUNDATION EXISTS TO SUPPORT THE OPERATION OF THE DES MOINES SYMPHONY ASSOCIATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 4, PART IV
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JOHN RUAN IV
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1ASHLEE VIEREGGER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0VP, BANKERS TRU
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1W.M./TRUST OFF.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0BANKERS TRUST
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1BANKERS TRUST
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: JOHN RUAN, IV (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: VP, BANKERS TRUST COMPANY; FOUNDATION DIRECTOR (D) BTC CAPITAL MANAGEMENT GROUP, A SUBSIDIARY OF BTC FINANCIAL CORPORATION, WHICH IS ALSO THE PARENT OF BANKERS TRUST COMPANY, PROVIDES INVESTMENT MANAGEMENT SERVICES TO THE ORGANIZATION. BTC CAPITAL MANAGEMENT GROUP PROVIDES THESE SERVICES AT FAIR MARKET VALUE. (A) NAME OF PERSON: ASHLEE VIEREGGER (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION; WEALTH MANAGEMENT/TRUST OFFICER; FOUNDATION DIRECTOR (D) BTC CAPITAL MANAGEMENT GROUP, A SUBSIDIARY OF BTC FINANCIAL CORPORATION, WHICH IS ALSO THE PARENT OF BANKERS TRUST COMPANY, PROVIDES INVESTMENT MANAGEMENT SERVICES TO THE ORGANIZATION. BTC CAPITAL MANAGEMENT GROUP PROVIDES THESE SERVICES AT FAIR MARKET VALUE.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION WAS ESTABLISHED TO PROVIDE FINANCIAL ASSISTANCE TO THE DES MOINES SYMPHONY ASSOCIATION TO ALLOW THE ASSOCIATION TO ACHIEVE BOTH IMMEDIATE AND LONG-TERM GOALS. THE FOUNDATION IS INTENDED TO BE A PERMANENT ENDOWMENT FUND THAT WILL SUPPORT THE CONTINUING VIABILITY OF THE ASSOCIATION IN PERPETUITY BY PROVIDING A CONSISTENT, MEANINGFUL ANNUAL CONTRIBUTION TOWARD THE OPERATIONS OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TREASURER REVIEWS THE ANNUAL FORM 990 AND SUBMITS IT TO THE BOARD OF DIRECTORS FOR APPROVAL. THE BOARD OF DIRECTORS REVIEWS THE FORM 990 AND APPROVES IT FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY TO EACH BOARD MEMBER, WHO IDENTIFIES ANY AND ALL CONFLICTS OF INTEREST ON THE FORM. THE CONFLICT OF INTEREST PROCESS IS MONITORED BY THE BOARD PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DES MOINES SYMPHONY FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE AT OUR OFFICE. PHOTOCOPIES OF DOCUMENTS ARE PROVIDED WITHIN ONE WEEK OF REQUEST. THESE DOCUMENTS ARE AVAILABLE FOR THE SAME PERIOD OF TIME AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 6104(D) FOR OTHER PUBLIC DISCLOSURE DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0DES MOINES SYMPHONY ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0426058830
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SEE STMT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt010
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01011 LOCUST ST SUITE 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0DES MOINES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd050309
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0true
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0SCHDULE R, PART II (C) PRIMARY ACTIVITY: PROVIDE MUSIC EDUCATION AND A FULL TIME ORCHESTRA PROGRAM
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0573902
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt133500
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt2300000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CASH

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$19.2$0.50$18.7$0.90$1.28$0.38
2023Detailed filing. Detailed filing data is available for this year.$18.0$0.55$17.4$0.66$1.12$0.47
2022Detailed filing. Detailed filing data is available for this year.$17.0$0.61$16.4$8.43$1.07$7.37
2021Detailed filing. Detailed filing data is available for this year.$11.0$0.08$10.9$1.58$0.58$1.01
2020Detailed filing. Detailed filing data is available for this year.$9.00$0.10$8.90$2.28$0.93$1.34
2019Detailed filing. Detailed filing data is available for this year.$7.60$0.14$7.46$1.55$0.55$1.00
2018Detailed filing. Detailed filing data is available for this year.$6.43$0.13$6.30$0.50$0.66$0.16
2017Detailed filing. Detailed filing data is available for this year.$6.37$0.01$6.36$0.49$0.58$0.09
2016Detailed filing. Detailed filing data is available for this year.$6.62$0.02$6.60$0.25$1.40$1.15
2015Detailed filing. Detailed filing data is available for this year.$7.99$0.03$7.96$0.24$0.50$0.26
2014Detailed filing. Detailed filing data is available for this year.$8.08$0.07$8.01$1.64$0.54$1.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.72$0.00$6.72$0.58
2012Summary only. Only limited summary data is available for this year.$5.07$0.01$5.06$2.34$0.53$1.81
2011Summary only. Only limited summary data is available for this year.$3.51$0.01$3.50$0.15$0.31$0.15