Civic Intelligence

Des Moines Symphony Association Foundation

990 • Fiscal year 2023 • EIN 42-1246575

Jul 01, 2022 to Jun 30, 2023 • Filed on May 07, 2024

Organization ProfileWWW.DMSYMPHONY.ORG
1011 Locust St Ste 200 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

24th percentile

0.03x

Higher debt load relative to assets than 24% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

77th percentile

0.84x

Higher debt load relative to revenue than 77% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

5th percentile

-71%

Higher net margin than 5% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

47th percentile

$172,603

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 26.3% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

49th percentile

5.7%

Faster asset growth than 49% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

1st percentile

-92%

Faster revenue growth than 1% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$17,988,003

Up $965,030 (+5.7%) from 2022

Net Assets

Up

$17,434,197

Up $1,019,692 (+6.2%) from 2022

Liabilities

Down

$553,806

Down $54,662 (-9.0%) from 2022

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin5th percentile

Revenue

Down

$656,241

Down $7,777,208 (-92%) from 2022

Expenses

Up

$1,123,198

Up $55,224 (+5.2%) from 2022

Net Income

Down

-$466,957

Down $7,832,432 (-106%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

2023

Assets$17,988,003
Liabilities$553,806
Net Assets$17,434,197
Open 2023 Filing

Operations Trend

Revenue Growth1st percentile

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

2023

Revenue$656,241
Expenses$1,123,198
Net Income-$466,957
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 7, 2024
Return Version
2022v5.0
Gross Receipts
$2,170,841
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$9,774,106$10,774,232▲ $1,000,126
Pledges and Grants Receivable$3,502,799$979,356▼ $2,523,443
Cash and Non-Interest-Bearing Accounts$344,657$326,766▼ $17,891
Total Assets$17,022,973$17,988,003▲ $965,030
Other Assets Total$3,401,411$5,907,649▲ $2,506,238
Liabilities
Accounts Payable and Accrued Expenses$608,468$553,806▼ $54,662
Total Liabilities$608,468$553,806▼ $54,662
Net Assets / Fund Balance
Net Assets With Donor Restrictions$10,620,361$10,596,394▼ $23,967
Net Assets Without Donor Restrictions$5,794,144$6,837,803▲ $1,043,659
Total Net Assets Fund Balance$16,414,505$17,434,197▲ $1,019,692
Total Liabilities and Net Assets / Fund Balance$17,022,973$17,988,003▲ $965,030

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$5,907,649--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$12,961,706$3,332,017▲ $1,428,948$1,220,931$16,454,840
2021$10,871,529$4,591,937▼ $1,829,364$624,354$12,961,706
2020$8,899,590$692,310▲ $1,894,014$575,437$10,871,529
2019$7,462,743$1,996,551▲ $372,319$872,829$8,899,590
2018$6,297,183$1,211,904▲ $506,354$502,101$7,462,743
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleOtherTotal
Renee DavenportSecretary$50,454$50,454

Board Members and Trustees

NameTitle
Dr Stephen C SmtihImmediate Past President
John Ruan IvPresident
Amy BeattieVice President/president Elect
Angela R SandersDirector
Ashlee ViereggerDirector
Douglas B DornerDirector
Eugene T MeyerDirector
Rebecca D ShawDirector
Stacey HorstDirector
Trudy Holman HurdDirector
Richard EarlyExecutive Director
Bradley D SmerageTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$713,942
Program Service Revenue
$0
Investment Income
$-57,701
Other Revenue
$0
All Other Contributions
$713,942
Change in Net Assets
$-466,957

Audited Revenue Reconciliation

Revenue per Audited Statements
$656,241
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,439,749
Total Revenue per Audited Statements
$2,095,990
Total Revenue per Form 990
$656,241
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,058,300
Other Expenses$64,898
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,058,300--$1,058,300
Fees for Service Investment Mgmnt Fees-$46,900-$46,900
Fees for Services Accounting-$14,600-$14,600
Advertising-$2,300-$2,300
Insurance-$940-$940
Other Expenses-$158-$158
Total Functional Expenses$1,058,300$64,898$0$1,123,198

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,123,198
Expenses per Audited Statements$1,076,298
Total Expenses per Audited Statements$1,076,298
Expenses Not Reported on Financial Statements$46,900
Other Expense Adjustments$46,900
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Des Moines Symphony AssociationDes Moines, IA501(c)(3)Operations of Dsma$1,058,300
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
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 35% controlled entity
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 11B

“The treasurer annually reviews the form 990 and submits it to the full board of directors, who review and approve it for filing with the internal revenue service.”

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

“The conflicts of interest policy is distributed to each member of the board of directors. This policy is monitored by the executive director and board president.”

Form 990, Part VI, Section C, Line 19

“The des moines symphony foundation's governing documents, conflicts of interest policy, and financial statements are kept on file at their main office. Photocopies of the documents are provided within one week of any request. These documents are available for the same period of time as described in the 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 STE 200 200, DES MOINES, IA 50309

Signing Officer

Name
Richard Early
Title
Executive Director
Phone
5152804000
Signed
2024-05-07
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Denman CPA Llp
Address
1601 22ND STREET SUITE 400, WEST DES MOINES, IA 50266-1453
Preparer
Jefferey Roy
Phone
5152258400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in beneficial interest 361,533.”

Financial Statement Notes

PART X, LINE 2:

“Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the foundation and recognize a tax liability (or asset) for an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. Management has evaluated their material tax positions and determined there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The foundation is subject to routine audits by tax authorities; however, there are currently no audits for any tax periods in progress. Management believes the foundation is no longer subject to income tax examinations for tax periods prior to 2019.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Change in beneficial interest 361,533. Investment fees -46,900.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“INVESTMENT FEES 46,900.”

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IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt016414505
IRS990/NetAssetsOrFundBalancesEOYAmt017434197
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-289005
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-289005
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01125116
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05794144
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06837803
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03401411
IRS990/OtherAssetsTotalGrp/EOYAmt05907649
IRS990/OtherChangesInNetAssetsAmt0361533
IRS990/OtherExpensesGrp/Desc0TRAINING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0158
IRS990/OtherExpensesGrp/TotalAmt0158
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03502799
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0979356
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0RICHARD EARLY
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt07946944
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0961463
IRS990/PYInvestmentIncomeAmt0486505
IRS990/PYOtherExpensesAmt0106511
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt07365475
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01067974
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08433449
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-466957
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FOUNDATION AND THE ASSOCIATION ARE UNDER COMMON MANAGEMENT CONTROL.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION C, LINE 1:
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0426058830
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01058300
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0DES MOINES SYMPHONY ASSOCIATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt01058300
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/BoardDesignatedBalanceEOYPct00.47020
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt046900
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt012961706
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt03332017
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt016454840
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01428948
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt01220931
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt048042
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt010871529
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt04591937
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt012961706
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1829364
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0624354
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt038948
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt08899590
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0692310
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt010871529
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01894014
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0575437
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt059194
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt07462743
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01996551
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt08899590
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0372319
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0872829
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt050597
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt06297183
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01211904
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt07462743
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0506354
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0502101
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt046900
IRS990ScheduleD/ExpensesSubtotalAmt01076298
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01125116
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05907649
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICIAL INTEREST IN ASSETS HELD AT THE COMMUNITY FOUNDATION
IRS990ScheduleD/OtherExpensesNotIncludedAmt046900
IRS990ScheduleD/OtherRevenueAmt0314633
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.47028
IRS990ScheduleD/RevenueNotReportedAmt01439749
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0656241
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) FOR AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS AND DETERMINED THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAX AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR TAX PERIODS PRIOR TO 2019.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN BENEFICIAL INTEREST 361,533. INVESTMENT FEES -46,900.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INVESTMENT FEES 46,900.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.05952
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05907649
IRS990ScheduleD/TotalExpensesPerForm990Amt01123198
IRS990ScheduleD/TotalRevenuePerForm990Amt0656241
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02095990
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01076298
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt01058300
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0OPERATIONS OF DSMA
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/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt01684
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0141899
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt05676
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt023344
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RICHARD EARLY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0172603
IRS990ScheduleJ/SeverancePaymentInd00

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,988,003
Liabilities
$553,806
Net assets
$17,434,197
Revenue
$656,241
Expenses
$1,123,198
Net income
-$466,957
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