Civic Intelligence

Des Moines Symphony Association

EIN 42-6058830 • 501(c)3 • Des Moines, IA

View Organization Page

Profile

The des moines symphony is a not-for-profit, professional orchestra formed in 1937 to enrich, educate, and inspire the community by performing great orchestral music. The symphony association, governed by a volunteer board of trustees and operating on an annual budget of more than 4.2 million, supports the symphony academy and its numerous music education programs including four youth orchestras and a youth wind ensemble. The association also supports the des moines symphony orchestra which performs seven pairs of masterworks concerts, a summer season of free outdoor concerts at the lauridsen amphitheater in water works park, a regular season pops series including the traditional new year's eve pops, and education, outreach, and family concerts. The des moines symphony also produces and performs the annual yankee doodle pops concert in july on the ground of the iowa state capital.

1011 Locust St 200Des Moines, IA 50309

www.dmsymphony.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

30th percentile

0.05x

Higher debt load relative to assets than 30% of similar nonprofits.

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

Liabilities / Revenue

60th percentile

0.33x

Higher debt load relative to revenue than 60% of similar nonprofits.

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

Net Margin

10th percentile

-25%

Higher net margin than 10% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

49th percentile

4.7%

Faster asset growth than 49% of similar nonprofits.

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

Revenue Growth

6th percentile

-40%

Faster revenue growth than 6% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets30th percentile

Assets

Up

$20,891,226

Up $705,015 (+3.5%) from 2023

Liabilities

Down

$987,268

Down $70,935 (-6.7%) from 2023

Net Assets

Up

$19,903,958

Up $775,950 (+4.1%) from 2023

Operations
Liabilities / Revenue60th percentileNet Margin10th percentile

Revenue

Up

$3,572,179

Up $407,021 (+13%) from 2023

Expenses

Up

$4,051,749

Up $104,685 (+2.7%) from 2023

Net Income

Up

-$479,570

Up $302,336 (+39%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth49th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $4,740,005Liabilities 2011: $913,655Net Assets 2011: $3,826,3502011Assets 2012: $6,537,351Liabilities 2012: $1,006,507Net Assets 2012: $5,530,8442012Assets 2013: $8,076,773Liabilities 2013: $493,984Net Assets 2013: $7,582,7892013Assets 2014: $9,331,920Liabilities 2014: $512,960Net Assets 2014: $8,818,9602014Assets 2015: $9,386,978Liabilities 2015: $528,394Net Assets 2015: $8,858,5842015Assets 2016: $7,989,269Liabilities 2016: $394,218Net Assets 2016: $7,595,0512016Assets 2017: $7,710,025Liabilities 2017: $422,080Net Assets 2017: $7,287,9452017Assets 2018: $7,582,364Liabilities 2018: $392,973Net Assets 2018: $7,189,3912018Assets 2019: $8,811,777Liabilities 2019: $462,774Net Assets 2019: $8,349,0032019Assets 2020: $10,095,559Liabilities 2020: $699,734Net Assets 2020: $9,395,8252020Assets 2021: $12,208,795Liabilities 2021: $648,108Net Assets 2021: $11,560,6872021Assets 2022: $19,278,487Liabilities 2022: $388,266Net Assets 2022: $18,890,2212022Assets 2023: $20,186,211Liabilities 2023: $1,058,203Net Assets 2023: $19,128,0082023Assets 2024: $20,891,226Liabilities 2024: $987,268Net Assets 2024: $19,903,9582024

Highlighted filing

2024

Assets$20,891,226
Liabilities$987,268
Net Assets$19,903,958
Open 2024 Filing

Operations Trend

Revenue Growth6th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $2,754,681Expenses 2011: $2,312,916Net Income 2011: $441,7652011Revenue 2012: $2,617,085Expenses 2012: $2,476,975Net Income 2012: $140,1102012Expenses 2013: $3,234,1362013Revenue 2014: $2,661,068Expenses 2014: $2,720,993Net Income 2014: -$59,9252014Revenue 2015: $2,987,728Expenses 2015: $2,891,718Net Income 2015: $96,0102015Revenue 2016: $4,090,912Expenses 2016: $3,998,180Net Income 2016: $92,7322016Revenue 2017: $3,168,103Expenses 2017: $3,233,749Net Income 2017: -$65,6462017Revenue 2018: $3,354,502Expenses 2018: $3,387,724Net Income 2018: -$33,2222018Revenue 2019: $3,682,472Expenses 2019: $3,688,420Net Income 2019: -$5,9482019Revenue 2020: $3,171,142Expenses 2020: $3,561,169Net Income 2020: -$390,0272020Revenue 2021: $2,653,432Expenses 2021: $2,441,776Net Income 2021: $211,6562021Revenue 2022: $5,286,185Expenses 2022: $3,499,627Net Income 2022: $1,786,5582022Revenue 2023: $3,165,158Expenses 2023: $3,947,064Net Income 2023: -$781,9062023Revenue 2024: $3,572,179Expenses 2024: $4,051,749Net Income 2024: -$479,5702024

Highlighted filing

2024

Revenue$3,572,179
Expenses$4,051,749
Net Income-$479,570
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,891,226
Liabilities
$987,268
Net assets
$19,903,958
Revenue
$3,572,179
Expenses
$4,051,749
Net income
-$479,570
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$20.9$0.99$19.9$3.57$4.05$0.48
2023Detailed filing. Detailed filing data is available for this year.$20.2$1.06$19.1$3.17$3.95$0.78
2022Detailed filing. Detailed filing data is available for this year.$19.3$0.39$18.9$5.29$3.50$1.79
2021Detailed filing. Detailed filing data is available for this year.$12.2$0.65$11.6$2.65$2.44$0.21
2020Detailed filing. Detailed filing data is available for this year.$10.1$0.70$9.40$3.17$3.56$0.39
2019Detailed filing. Detailed filing data is available for this year.$8.81$0.46$8.35$3.68$3.69$0.01
2018Detailed filing. Detailed filing data is available for this year.$7.58$0.39$7.19$3.35$3.39$0.03
2017Detailed filing. Detailed filing data is available for this year.$7.71$0.42$7.29$3.17$3.23$0.07
2016Detailed filing. Detailed filing data is available for this year.$7.99$0.39$7.60$4.09$4.00$0.09
2015Detailed filing. Detailed filing data is available for this year.$9.39$0.53$8.86$2.99$2.89$0.10
2014Detailed filing. Detailed filing data is available for this year.$9.33$0.51$8.82$2.66$2.72$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.08$0.49$7.58$3.23
2012Summary only. Only limited summary data is available for this year.$6.54$1.01$5.53$2.62$2.48$0.14
2011Summary only. Only limited summary data is available for this year.$4.74$0.91$3.83$2.75$2.31$0.44
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$3,639,682
Mission and Program Overview

Mission

The mission of the des moines symphony is to enrich, educate and inspire the community by performing great orchestral music.

The mission of the des moines symphony is to enrich, educate, and inspire the community by performing great orchestral music.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$805,533$640,469▼ $165,064
Cash and Non-Interest-Bearing Accounts$348,263$596,625▲ $248,362
Land, Buildings, and Equipment, Net$128,057$209,153▲ $81,096
Prepaid Expenses and Deferred Charges$151,771$94,328▼ $57,443
Accounts Receivable$16,851$20,038▲ $3,187
Total Assets$20,186,211$20,891,226▲ $705,015
Other Assets Total$18,735,736$19,330,613▲ $594,877
Liabilities
Other Liabilities$732,474$667,080▼ $65,394
Deferred Revenue$252,059$257,897▲ $5,838
Accounts Payable and Accrued Expenses$73,670$62,291▼ $11,379
Total Liabilities$1,058,203$987,268▼ $70,935
Net Assets / Fund Balance
Net Assets With Donor Restrictions$17,720,997$18,924,853▲ $1,203,856
Net Assets Without Donor Restrictions$1,407,011$979,105▼ $427,906
Total Net Assets Fund Balance$19,128,008$19,903,958▲ $775,950
Total Liabilities and Net Assets / Fund Balance$20,186,211$20,891,226▲ $705,015

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$132,465$548,748$681,213
Leasehold Improvements$76,688$127,338$204,026
Other Assets Org$640,894--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$16,454,840$537,293▲ $2,254,338$950,806$18,245,060
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
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph GiuntaMusic DirectorFT$255,500$31,969$287,469
Richard L EarlyExecutive DirectorFT$148,994$34,433$183,427
Scott WyckoffDirector of FinanceFT$105,881$22,050$127,931

Board Members and Trustees

NameTitle
Douglas B Dorner MdImmediate Past President
Barbara Beatty MdPresident
Rebecca L YoungVice President/president Elect
Alan Magruder PhdTrustee
Ann CollinsTrustee
Billy WeathersTrustee
Bryan MyersTrustee
David BrickTrustee
David SagulaTrustee
Dr Yulia JohnsonTrustee
Emily StorkTrustee
Kate Hightshoe-lambertTrustee
Kathryn GreenfieldTrustee
Kayleigh KoesterTrustee
Laurie Wolf PhdTrustee
Lizzy Neugent DixonTrustee
Mary EdringtonTrustee
Proctor LuremanTrustee
Ron MaahsTrustee
Russell J BittermanTrustee
Stacy PolydoranTrustee
Robert H WoottenSecretary
Lynne FlaterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,414,037
Program Service Revenue
$1,135,839
Investment Income
$0
Other Revenue
$22,303
All Other Contributions
$916,148
Change in Net Assets
$-479,570

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table2$88,000Appraised Value
Other Non Cash Contri Table1$15,000Book Value
Total Noncash Contributions3$103,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,440,510
Other Expenses$1,611,239
Total Fundraising Expense$262,955
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,268,233$217,075$144,149$1,629,457
Current Officers, Directors, Trustees, and Key Employees$353,387$68,383$45,589$467,359
Travel$229,520--$229,520
Payroll Taxes$135,341$21,700$14,263$171,304
Other Employee Benefits$80,272$43,415$28,511$152,198
Advertising$110,210--$110,210
Occupancy$61,472$15,835$15,835$93,142
All Other Expenses-$45,150-$45,150
Insurance$33,150$11,050-$44,200
Fees for Services Other$16,908$18,289-$35,197
Depreciation Depletion-$25,326-$25,326
Information Technology$1,739$21,934-$23,673
Pension Plan Contributions$15,144$3,029$2,019$20,192
Fees for Services Accounting-$20,100-$20,100
Other Expenses$8,905$8,331$1,206$17,236
Office Expenses$4,591$9,754-$14,345
Conferences and Meetings-$2,687-$2,687
Total Functional Expenses$3,226,241$562,553$262,955$4,051,749
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$67,503
Fundraising Gross Income$37,587
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Opening Gala$37,587$37,587$67,503$-29,916
Total Events$37,587$37,587$67,503$-29,916
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$667,080
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
Yes
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 A, Line 6

“The des moines symphony association is a membership organization whose members include concert season subscribers and donors who contribute more than $50 to the annual fund.”

Form 990, Part VI, Section A, Line 7A

“The members elect the board of trustees at the annual meeting.”

Form 990, Part VI, Section B, Line 11B

“The audit/finance committee of the board of trustees annually reviews the form 990 and the full board approves 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 trustees. This policy is monitored by the executive director and board president.”

Form 990, Part VI, Section B, Line 15

“Committee members and officers of the board of trustees complete written evaluations. Based on these evaluations and progress towards goals previously set, and in consultation with the audit/finance committee, the hr/compensation committee determines compensation for the next year for the executive director and music director.”

Form 990, Part VI, Section C, Line 19

“The des moines symphony association'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 Association
EIN
42-6058830
Phone
5152804000
Address
1011 LOCUST ST 200, DES MOINES, IA 50309

Signing Officer

Name
Richard Early
Title
Executive Director
Phone
5152804000
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Early
Formed
1937
Legal Domicile
Ia
Voting Board Members
23
Independent Board Members
23
Employees
279
Volunteers
89

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 of dsm symphony foundation 1,255,520.”

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 association 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 association is subject to routine audits by tax authorities; however, there are currently no audits for any tax periods in progress. Management believes the association is no longer subject to income tax examinations for years prior to 2020.”

Raw XML AppendixShowing 400 of 763 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.

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IRS990/Form990PartVIISectionAGrp/PersonNm2SCOTT WYCKOFF
IRS990/Form990PartVIISectionAGrp/PersonNm3BARBARA BEATTY MD
IRS990/Form990PartVIISectionAGrp/PersonNm4DOUGLAS B DORNER MD
IRS990/Form990PartVIISectionAGrp/PersonNm5REBECCA L YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm6LYNNE FLATER
IRS990/Form990PartVIISectionAGrp/PersonNm7ROBERT H WOOTTEN
IRS990/Form990PartVIISectionAGrp/PersonNm8RUSSELL J BITTERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm9DAVID BRICK
IRS990/Form990PartVIISectionAGrp/PersonNm10LIZZY NEUGENT DIXON
IRS990/Form990PartVIISectionAGrp/PersonNm11MARY EDRINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm12KATHRYN GREENFIELD
IRS990/Form990PartVIISectionAGrp/PersonNm13KATE HIGHTSHOE-LAMBERT
IRS990/Form990PartVIISectionAGrp/PersonNm14DR YULIA JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm15KAYLEIGH KOESTER
IRS990/Form990PartVIISectionAGrp/PersonNm16RON MAAHS
IRS990/Form990PartVIISectionAGrp/PersonNm17ALAN MAGRUDER PHD
IRS990/Form990PartVIISectionAGrp/PersonNm18BRYAN MYERS
IRS990/Form990PartVIISectionAGrp/PersonNm19STACY POLYDORAN
IRS990/Form990PartVIISectionAGrp/PersonNm20DAVID SAGULA
IRS990/Form990PartVIISectionAGrp/PersonNm21EMILY STORK
IRS990/Form990PartVIISectionAGrp/PersonNm22LAURIE WOLF PHD
IRS990/Form990PartVIISectionAGrp/PersonNm23ANN COLLINS
IRS990/Form990PartVIISectionAGrp/PersonNm24PROCTOR LUREMAN
IRS990/Form990PartVIISectionAGrp/PersonNm25BILLY WEATHERS
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1MUSIC DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4IMMEDIATE PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT/PRESIDENT ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt24TRUSTEE
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IRS990/MembersOrStockholdersInd01
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE DES MOINES SYMPHONY IS A NOT-FOR-PROFIT, PROFESSIONAL ORCHESTRA FORMED IN 1937 TO ENRICH, EDUCATE, AND INSPIRE THE COMMUNITY BY PERFORMING GREAT ORCHESTRAL MUSIC. THE SYMPHONY ASSOCIATION, GOVERNED BY A VOLUNTEER BOARD OF TRUSTEES AND OPERATING ON AN ANNUAL BUDGET OF MORE THAN 4.2 MILLION, SUPPORTS THE SYMPHONY ACADEMY AND ITS NUMEROUS MUSIC EDUCATION PROGRAMS INCLUDING FOUR YOUTH ORCHESTRAS AND A YOUTH WIND ENSEMBLE. THE ASSOCIATION ALSO SUPPORTS THE DES MOINES SYMPHONY ORCHESTRA WHICH PERFORMS SEVEN PAIRS OF MASTERWORKS CONCERTS, A SUMMER SEASON OF FREE OUTDOOR CONCERTS AT THE LAURIDSEN AMPHITHEATER IN WATER WORKS PARK, A REGULAR SEASON POPS SERIES INCLUDING THE TRADITIONAL NEW YEAR'S EVE POPS, AND EDUCATION, OUTREACH, AND FAMILY CONCERTS. THE DES MOINES SYMPHONY ALSO PRODUCES AND PERFORMS THE ANNUAL YANKEE DOODLE POPS CONCERT IN JULY ON THE GROUND OF THE IOWA STATE CAPITAL.
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IRS990/ProgramServiceRevenueGrp/BusinessCd2711300
IRS990/ProgramServiceRevenueGrp/BusinessCd3711300

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