Civic Intelligence

The Ottumwa Symphony Orchestra Foundation

990 • Fiscal year 2017 • EIN 42-1320132

Jan 01, 2017 to Dec 31, 2017 • Filed on May 31, 2018

PO Box 173Ottumwa, IA 52501-0713

(641) 777-7788

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

73rd percentile

17%

Higher net margin than 73% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

57th percentile

6.6%

Faster asset growth than 57% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

46th percentile

-0.7%

Faster revenue growth than 46% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$236,359

Up $14,584 (+6.6%) from 2016

Net Assets

Up

$236,359

Up $14,584 (+6.6%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$83,932

Down $627 (-0.7%) from 2016

Expenses

Down

$69,348

Down $17,742 (-20%) from 2016

Net Income

Up

$14,584

Up $17,115 (+676%) from 2016

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $186,241Liabilities 2011: $02011Assets 2013: $224,774Liabilities 2013: $0Net Assets 2013: $224,7742013Assets 2014: $223,271Liabilities 2014: $0Net Assets 2014: $223,2712014Assets 2015: $224,306Liabilities 2015: $0Net Assets 2015: $224,3062015Assets 2016: $221,775Liabilities 2016: $0Net Assets 2016: $221,7752016Assets 2017: $236,359Liabilities 2017: $0Net Assets 2017: $236,3592017Assets 2018: $246,876Liabilities 2018: $0Net Assets 2018: $246,8762018Assets 2019: $248,922Liabilities 2019: $0Net Assets 2019: $248,9222019Assets 2020: $241,915Liabilities 2020: $0Net Assets 2020: $241,9152020Assets 2021: $248,263Liabilities 2021: $200Net Assets 2021: $248,0632021Assets 2022: $417,301Liabilities 2022: $200Net Assets 2022: $417,1012022Assets 2023: $413,036Liabilities 2023: $0Net Assets 2023: $413,0362023Assets 2024: $422,378Liabilities 2024: $2,250Net Assets 2024: $420,1282024Assets 2025: $421,014Liabilities 2025: $0Net Assets 2025: $421,0142025

Highlighted filing

2017

Assets$236,359
Liabilities$0
Net Assets$236,359

Operations Trend

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

$200K$100K$0-$100KRevenue 2011: $77,113Expenses 2011: $66,723Net Income 2011: $10,3902011Revenue 2013: $88,294Expenses 2013: $80,987Net Income 2013: $7,3072013Revenue 2014: $66,611Expenses 2014: $68,114Net Income 2014: -$1,5032014Revenue 2015: $68,799Expenses 2015: $67,764Net Income 2015: $1,0352015Revenue 2016: $84,559Expenses 2016: $87,090Net Income 2016: -$2,5312016Revenue 2017: $83,932Expenses 2017: $69,348Net Income 2017: $14,5842017Revenue 2018: $84,223Expenses 2018: $73,706Net Income 2018: $10,5172018Revenue 2019: $90,789Expenses 2019: $88,743Net Income 2019: $2,0462019Revenue 2020: $14,154Expenses 2020: $21,161Net Income 2020: -$7,0072020Revenue 2021: $64,434Expenses 2021: $58,286Net Income 2021: $6,1482021Revenue 2022: $97,589Expenses 2022: $104,061Net Income 2022: -$6,4722022Revenue 2023: $131,387Expenses 2023: $151,226Net Income 2023: -$19,8392023Revenue 2024: $122,577Expenses 2024: $167,186Net Income 2024: -$44,6092024Revenue 2025: $97,471Expenses 2025: $137,712Net Income 2025: -$40,2412025

Highlighted filing

2017

Revenue$83,932
Expenses$69,348
Net Income$14,584
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 31, 2018
Return Version
2017v2.3
Gross Receipts
$83,932
Mission and Program Overview

Mission

The purpose of the ottumwa symphony orchestra foundation is to provide for the perpetuation of musical arts and performances in the city of ottumwa and surrounding communities and for the encouragement of musical education amongst elementary, high school and community college students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$188,508$196,125▲ $7,617
Cash and Non-Interest-Bearing Accounts$17,975$26,205▲ $8,230
Savings and Temporary Cash Investments$12,057$12,088▲ $31
Land, Buildings, and Equipment, Net$3,235$1,941▼ $1,294
Total Assets$221,775$236,359▲ $14,584
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$221,775$236,359▲ $14,584
Total Net Assets Fund Balance$221,775$236,359▲ $14,584
Total Liabilities and Net Assets / Fund Balance$221,775$236,359▲ $14,584

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,941$1,464$3,405
Compensation and Service Providers

Board Members and Trustees

NameTitle
Maggie MorrisseyPresident
Andrea BarkerBoard Member
Barb SasseenBoard Member
Beth HendredBoard Member
Cara GallowayBoard Member
Dan DowlingBoard Member
David SharpBoard Member
Dennis WillhoitBoard Member
Janet VinyardBoard Member
Linda MontgomeryBoard Member
Margaret VittetoeBoard Member
Mary Beth HammerBoard Member
Michael CarpenterBoard Member
Patty BabbBoard Member
Robert MorrisseyBoard Member
Steve MillerBoard Member
Sally PhippenPast Preside
Diane DowlingSecretary
Kimberly ArdueserTreasurer
Deb StephensonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$21,054
Program Service Revenue
$55,216
Investment Income
$7,662
Other Revenue
$0
Change in Net Assets
$14,584
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$66,348
Total Fundraising Expense$9,514
Salaries, Compensation, and Employee Benefits$3,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$42,133--$42,133
Office Expenses-$3,895$2,791$6,686
Current Officers, Directors, Trustees, and Key Employees-$3,000-$3,000
Advertising$958-$697$1,655
Other Expenses$1,390-$2,866$1,390
All Other Expenses$1,298$21$40$1,359
Depreciation Depletion$1,294--$1,294
Insurance-$777-$777
Fees for Services Accounting-$370-$370
Total Functional Expenses$51,771$8,063$9,514$69,348
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Patty BabbBoard MemberManagerNo-
Patty BabbBoard MemberMusicianNo-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

A copy of the completed form 990, and related schedules, is provided to the board of directors for review at a monthly meeting. Members are provided the opportunity to ask questions related to the completed return prior to its filing.

Form 990, Page 6, Part VI, Line 19

Governing documents are available to the public via written request to the board of directors.

Filing and Contact Details

Filer

Filer Name
The Ottumwa Symphony
EIN
42-1320132
Phone
6417777788
Address
PO BOX 173, OTTUMWA, IA 52501-0713

Signing Officer

Name
Kimberly Ardueser
Title
Treasurer
Phone
6417777788
Signed
2018-05-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maggie Morrissey
Formed
1999
Voting Board Members
20
Independent Board Members
20
Employees
0

Preparer

Firm
Kevin J Wadle CPA Pc
Address
117 S 4TH ST, KNOXVILLE, IA 50138-1757
Preparer
Kevin J Wadle
Phone
6418422137
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The purpose of the ottumwa symphony orchestra foundation is to provide for the perpetuation of musical arts and performances in the city of ottumwa and surrounding communities and for the encouragement of musical education amongst elementary, high school and community college students.

Form 990, Part IX, Line 11G

MUSICIANS 42,133 0 0

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IRS990/OtherExpensesGrp/FundraisingAmt12866
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IRS990/OtherExpensesGrp/ProgramServicesAmt11579
IRS990/OtherExpensesGrp/ProgramServicesAmt21390
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IRS990/OtherExpensesGrp/TotalAmt12866
IRS990/OtherExpensesGrp/TotalAmt21579
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MAGGIE MORRISSEY
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IRS990/ReconcilationRevenueExpnssAmt014584
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt012057
IRS990/SavingsAndTempCashInvstGrp/EOYAmt012088
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt026281
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt019795
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt058536
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt05656
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt05073
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt04460
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt028902
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt055261
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt051385
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt043348
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03002
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt083834
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt07347
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt05073
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04460
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IRS990ScheduleA/InvestmentIncomePYPct00.07000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/PublicSupportPY509Pct00.93000
IRS990ScheduleA/PublicSupportTotal509Amt0362496
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt076315
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt077666
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt063143
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt061538
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IRS990ScheduleA/Total509Grp/TotalAmt0362496
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt083662
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt088294
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0391398
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01941
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01464
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03405
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01941
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1PATTY BABB
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1MUSICIAN
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PURPOSE OF THE OTTUMWA SYMPHONY ORCHESTRA FOUNDATION IS TO PROVIDE FOR THE PERPETUATION OF MUSICAL ARTS AND PERFORMANCES IN THE CITY OF OTTUMWA AND SURROUNDING COMMUNITIES AND FOR THE ENCOURAGEMENT OF MUSICAL EDUCATION AMONGST ELEMENTARY, HIGH SCHOOL AND COMMUNITY COLLEGE STUDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE COMPLETED FORM 990, AND RELATED SCHEDULES, IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AT A MONTHLY MEETING. MEMBERS ARE PROVIDED THE OPPORTUNITY TO ASK QUESTIONS RELATED TO THE COMPLETED RETURN PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC VIA WRITTEN REQUEST TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MUSICIANS 42,133 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt0221775
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt021054
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt09514
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08063
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt051771
IRS990/TotalFunctionalExpensesGrp/TotalAmt069348
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0221775
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IRS990/TotalProgramServiceExpensesAmt051771
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IRS990/TotalRevenueGrp/ExclusionAmt07347
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt055531
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt083932
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0221775
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0236359
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0221775
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0236359
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010768 BLADENSBURG RD
IRS990/USAddress/CityNm0OTTUMWA
IRS990/USAddress/StateAbbreviationCd0IA

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.21$0.00$4.21$0.97$1.38$0.40
2024Detailed filing. Detailed filing data is available for this year.$4.22$0.02$4.20$1.23$1.67$0.45
2023Detailed filing. Detailed filing data is available for this year.$4.13$0.00$4.13$1.31$1.51$0.20
2022Detailed filing. Detailed filing data is available for this year.$4.17$0.00$4.17$0.98$1.04$0.06
2021Detailed filing. Detailed filing data is available for this year.$2.48$0.00$2.48$0.64$0.58$0.06
2020Summary only. Only limited summary data is available for this year.$2.42$0.00$2.42$0.14$0.21$0.07
2019Detailed filing. Detailed filing data is available for this year.$2.49$0.00$2.49$0.91$0.89$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.47$0.00$2.47$0.84$0.74$0.11
2017Detailed filing. Detailed filing data is available for this year.$2.36$0.00$2.36$0.84$0.69$0.15
2016Detailed filing. Detailed filing data is available for this year.$2.22$0.00$2.22$0.85$0.87$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.24$0.00$2.24$0.69$0.68$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.23$0.00$2.23$0.67$0.68$0.02
2013Summary only. Only limited summary data is available for this year.$2.25$0.00$2.25$0.88$0.81$0.07
2011Summary only. Only limited summary data is available for this year.$1.86$0.00$0.77$0.67$0.10