Civic Intelligence

Des Moines Symphony Association

990 • Fiscal year 2018 • EIN 42-6058830

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

33rd percentile

0.05x

Higher debt load relative to assets than 33% of similar nonprofits.

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

Liabilities / Revenue

42nd percentile

0.12x

Higher debt load relative to revenue than 42% of similar nonprofits.

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

Net Margin

34th percentile

-1.0%

Higher net margin than 34% of similar nonprofits.

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

Top Officer Pay

81st percentile

$226,297

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

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

Asset Growth

35th percentile

-1.7%

Faster asset growth than 35% of similar nonprofits.

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

Revenue Growth

56th percentile

5.9%

Faster revenue growth than 56% of similar nonprofits.

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

Assets

Down

$7,582,364

Down $127,661 (-1.7%) from 2017

Net Assets

Down

$7,189,391

Down $98,554 (-1.4%) from 2017

Liabilities

Down

$392,973

Down $29,107 (-6.9%) from 2017

Revenue

Up

$3,354,502

Up $186,399 (+5.9%) from 2017

Expenses

Up

$3,387,724

Up $153,975 (+4.8%) from 2017

Net Income

Up

-$33,222

Up $32,424 (+49%) from 2017

Historical Trend

Balance Sheet Trend

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

$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

2018

Assets$7,582,364
Liabilities$392,973
Net Assets$7,189,391

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$3,354,502
Expenses$3,387,724
Net Income-$33,222
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 14, 2018
Return Version
2017v2.3
Gross Receipts
$3,397,412
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$452,492$513,326▲ $60,834
Cash and Non-Interest-Bearing Accounts$598,558$439,814▼ $158,744
Land, Buildings, and Equipment, Net$184,259$154,439▼ $29,820
Prepaid Expenses and Deferred Charges$88,388$114,827▲ $26,439
Accounts Receivable$8,733$37,556▲ $28,823
Other Notes and Loans Receivable, Net$3,733$7,231▲ $3,498
Total Assets$7,710,025$7,582,364▼ $127,661
Other Assets Total$6,373,862$6,315,171▼ $58,691
Liabilities
Deferred Revenue$366,090$358,172▼ $7,918
Accounts Payable and Accrued Expenses$55,990$34,801▼ $21,189
Total Liabilities$422,080$392,973▼ $29,107
Net Assets / Fund Balance
Unrestricted Net Assets$4,145,738$4,104,230▼ $41,508
Permanently Rstr Net Assets$2,330,345$2,330,345→ $0
Temporarily Rstr Net Assets$811,862$754,816▼ $57,046
Total Net Assets Fund Balance$7,287,945$7,189,391▼ $98,554
Total Liabilities and Net Assets / Fund Balance$7,710,025$7,582,364▼ $127,661

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$77,805$359,270$437,075
Leasehold Improvements$76,634$121,531$198,165
Other Assets Org$17,988--

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

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph GiuntaMusic Dir, EFT$199,131$27,166$226,297
Joseph GiuntaMusic Dir, Ex Off.-$191,131$35,166$226,297
Richard L EarlyEx Officio,FT$121,051$27,100$148,151
Revenue and Support

Revenue Composition

Contributions and Grants
$1,865,641
Program Service Revenue
$1,329,843
Investment Income
$0
Other Revenue
$159,018
All Other Contributions
$1,255,239
Change in Net Assets
$-33,222

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,350,733
Revenue Not Reported on Financial Statements
$3,769
Revenue Not Reported on Form 990
$42,910
Other Revenue Adjustments
$3,769
Total Revenue per Audited Statements
$3,393,643
Total Revenue per Form 990
$3,354,502
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,062,894
Other Expenses$1,324,830
Total Fundraising Expense$293,701
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,013,570$289,591$144,796$1,447,957
Current Officers, Directors, Trustees, and Key Employees$265,953$75,987$37,994$379,934
Payroll Taxes$97,653$27,901$13,950$139,504
Advertising$112,822--$112,822
All Other Expenses$40,153$52,113$4,776$97,042
Other Employee Benefits$66,849$19,100$9,550$95,499
Occupancy$44,883$12,288$10,720$67,891
Depreciation Depletion$28,327$7,265$5,479$41,071
Other Expenses$36,511-$62,076$36,511
Office Expenses$4,360$24,562$4,360$33,282
Insurance$7,597$22,790-$30,387
Fees for Services Accounting-$25,000-$25,000
Conferences and Meetings-$2,735-$2,735
Total Functional Expenses$2,534,691$559,332$293,701$3,387,724

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,430,634
Expenses per Audited Statements$3,387,724
Total Expenses per Form 990$3,387,724
Expenses Not Reported on Form 990$42,910
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$49,615
Fundraising Direct Expenses$42,910
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Viewing Party$72,565$36,065$2,874$33,191
Season Opening$13,550$13,550$5,896$7,654
Total Events$86,115$49,615$42,910$6,705
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
Angie SandersBoard MemberASSOCIATION'S 401(K)No-
Wayne EllisBoard MemberASSOCIATION'S 401(K)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 family members
No
Business relationship with organization members
Yes
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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 4

Des moines symphony association updated their bylaws in june of 2018,which included language updates for the current operations of the association board as well as changing 2 of the 25 board seats into 1-year terms specifically for musicians.

Form 990, Page 6, Part VI, 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, Page 6, Part VI, Line 7A

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

Form 990, Page 6, Part VI, 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, Page 6, Part VI, 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, Page 6, Part VI, Line 15A

Part vi, line 15a the process of determining compensation of the des moines symphony association's key employees is as follows: 1. In may, committee members and officers of the board of trustees complete written evaluations of the executive director and music director. Committee members also interview committee chairs not represented otherwise to obtain additional input for their evaluations. The committee is independent. 2. The hr/compensation committee chair compiles the results of the written evaluations and prepares the summary for committee members. The committee review and accepts the evaluations which are delivered to the two key employees before the end of the fiscal year by the president of the board of trustees. 3. The executive director and music director are each asked to do a self- evaluation of their progress toward the goals for the year as set after the past year's performance review. The president of the board of trustees also evaluates progress toward goals of the two key employees. 4. Based on performance evaluations and progress toward goals. And in consultation with the audit/finance committee regarding the association's financial status, the hr/compensation committee determines compensation for the next year for the executive director and music director.

Form 990, Page 6, Part VI, Line 15B

See the statement for part vi, line 15a

Form 990, Page 6, Part VI, Line 19

The des moines symphony association's governing documents, conflicts of interest policy and financial statements are kept on file at our 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 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 SUITE 200, DES MOINES, IA 50309

Signing Officer

Name
Richard L Early
Title
Ex Officio, Exec Director
Phone
5152804000
Signed
2018-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard L Early
Formed
1937
Legal Domicile
Ia
Voting Board Members
23
Independent Board Members
23
Employees
255
Volunteers
105

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 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 3.5 million, supports the symphony academy and its numerous music education programs including four youth orchestras, and supports the des moines symphony orchestra which performs seven pairs of masterworks concerts, a pops series including the traditional new year's eve pops, education, outreach and family concerts. The des moines symphony also produces and performs the annual yankee doodle pops concert in july on the grounds of the iowa state capitol, which last year attracted more than 100,000, the largest single day attendance of any concert event in the state.

Form 990, Page 2, Part III, Line 4A

Geographic reach and the numbers of people who hear the des moines symphony performances are both expanded significantly through concert broadcasts over iowa public radio (ipr), a statewide radio network. In addition to regular civic center concerts, the symphony has a long history of run-out concerts which have had a positive effect on access and audience growth for classical music in iowa. In addition to our annual yankee doodle pops concerts, in the past we have performed concerts in ames, waukee, decorah, newton, oskaloosa, perry, corydon, grinnell and clarinda. The orchestra has also been invited to perform during two world food prize events, including in 2006 when it performed the world premiere of a commissioned work by minnesota composer steve heitzeg, symphony to a prairie farm. In its 80 year history the des moines symphony has commissioned and premiered 24 new orchestral works. The 2017-18 season was our eightieth season, coinciding with joseph giunta's twenty-ninth season as music director and conductor. Giunta's long tenure is quite notable among american orchestras and is a testament to his commitment to, and the support he has received from, des moines and central iowa. Compelling programming, combined with an aggressive marketing campaign and strategic ticket prices, including half-price student admission, has resulted in a 14% increase in attendance revenue; and an 18% increase in paid attendance over the past five years and an 80% subscription renewal rate. The des moines symphony strives to contribute, through programming, education and outreach, to community development and quality of life. The following statistics provide solid measures of the positive impact the des moines symphony has in our community and state: 1. The des moines symphony provides employment to over 185 professional musicians and academy faculty members, making us the state's largest employer of musical artists. 2. Regular attendance at all civic center and other concerts was 34,758 in 2017-18. 3. The audience for the free yankee doodle pops concert has grown to over 100,000 people. Looked at another way, nearly 18% of residents of the metro area attends yankee doodle pops. 4. 5,676 elementary school students attended the symphony's school-day youth concerts in 2018.

Form 990, Page 2, Part III, Line 4B

For the 2017-18 school year, the academy continued to increase the participation in its youth orchestras program. Following successful spring and fall auditions and new recruitment measures that inluded in-person school visits by joseph giunta, 220 students now participate. The mission of the youth orchestras is to provide accomplished and motivated young musicians of central iowa with opportunities to expand their musical horizons by performing challenging orchestral repertoire under expert and professional musical leadership. Participation in the youth orchestras builds upon the musical instruction students receive through school music programs, private lessons, and private study at the academy. Participants receive a comprehensive music education as they progress through the sequence of the four orchestras: preludio strings, youth sinfonia, youth philharmonic (intermediate strings), and youth symphony (advanced full orchestra). Each orchestra rehearses on a weekly basis in preparation for 4 or more concerts each year. The challenging repertoire for the youth symphony regularly includes works in the standard orchestral repertoire. Each of the academy's four youth orchestras is led by a professional music educator and/or professional conductor. Matt meyer is a member of the des moines symphony and conducts the preludio strings and youth sinfonia. He has degress in violin performance and music education and is serving in his sixteenth year as an elementary orchestra director in the west des moines community schools. Michelle senger, who conducts the youth philharmonic, is also a member of the symphony and was listed in the 2005 and 2006 editions of who's who among america's teachers; and in 2014 was awarded special recognition as iowa's most influential band or orchestra director by school band and orchestra magazine. Joseph giunta, the music director and conductor of the des moines symphony orchestra, conducts the advanced high school aged youth symphony. It is rare for a conductor of a professional orchestra in a metro area the size of des moines to also lead a student orchestra, but giunta's commitment to these students reflects his long-standing commitment to music education. He also started the annual yankee doodle pops concert and his leadership led to a benchmark in 2003 when the des moines symphony academy opened its doors. This was a culmination of many years of planning and working with local business leaders to great music through lessons, classes and perforamce opportunities. In addition, the academy has begun a new beginning strings program, called project encore, that is part of the boys & girls club afterschool program at george washington carver elementary school. The academy has also launched its new proprietary keyboard based curriculum called group lessons for young beginners. Music education is one of the best ways to prepare young people for success in the classroom and beyond. This positive impact extends into the community as these young people take on leadership roles. A considerable body of research shows that studying music and learning to play a musical instrument: 1. Enhances cognitive abilities, typically reflected in higher test scores. 2. Enhances abilities to assume successful leadership roles, be good listeners and productive team members. 3. Reduces involvement in risky behaviors (e.g., drugs, alcohol, violence). The academy offers scholarships on a sliding scale, meaning no student is turned away due to inability to pay tuition. This means that private funding for the academy is critical, as tuition covers only about half of operating expenses. The academy is committed to providing unique music education and instrumental ensemble performance opportunities to any young person in central iowa who exhibits a desire to learn and a passion for classical music.

Form 990, Part XI, Line 9

Ubi - qualified parking -3,769 change in beneficial interest -61,563 total -65,332

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The beneficial interest in the des moines symphony foundation is considered an endowment to the association as they exist in perpetuity to support the operations of the association.

Schedule D, Page 3, Part X

The association is exempt from income tax under section 501(c)(3) of the internal revenue code, and accordingly, no provision for income taxes has been provided. The academy is considered a disregarded entity for income tax purposes and files its annual return as part of the association. Management is unaware of any uncertain income tax positions at june 30, 2018 and 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.

Schedule D, Page 4, Part XI, Line 2D

Direct expenses related to special events 42,910

Schedule D, Page 4, Part XI, Line 4B

QUALIFIED PARKING 3,769

Schedule D, Page 4, Part XII, Line 2D

Direct expenses related to special events 42,910

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IRS990/Desc0ESTABLSIHED IN 1937 AS AN ADJUNCT OF DRAKE UNIVERSITY, THE DES MOINES SYMPHONY ASSOCIATION BECAME A SEPARATE ENTITY IN 1969. IN 1989, JOSEPH GIUNTA BEGAN HIS TENURE AS MUSIC DIRECTOR AND CONDUCTOR OF THE DES MOINES SYMPHONY. EVERY SEASON, THE SYMPHONY PERFORMS SEVEN PAIRS OF MASTERWORKS CONCERTS AT THE DES MOINES CIVIC CENTER, AS WELL AS EDUCATION AND FAMILY CONCERTS, AND A POPS SERIES, INCLUDING OUR ANNUAL NEW YEAR'S EVE POPS AND YANKEE DOODLE POPS CONCERTS. YANKEE DOODLE POPS IS A FREE INDEPENDENCE DAY HOLIDAY PERFORMANCE WHICH DRAWS OVER 100,000 PEOPLE TO THE GROUNDS OF THE IOWA STATE CAPITOL EVERY YEAR. WE DRAW AUDIENCE MEMBERS FROM THROUGHOUT IOWA, THE MAJORITY COMING FROM THE CENTRAL IOWA REGION WITH A METRO POPULATION OF APPROXIMATELY 560,000. THIS GEOGRAPHIC REACH AND THE NUMBERS OF PEOPLE WHO HEAR THE DES MOINES SYMPHONY PERFORMANCES ARE BOTH EXPANDED SIGNIFICANTLY THROUGH CONCERT BROADCASTS OVER IOWA PUBLIC RADIO (IPR), A STATEWIDE RADIO NETWORK. IN ADDITION TO REGULAR CIVIC CENTER CONCERTS, THE SYMPHONY HAS A LONG HISTORY OF RUN-OUT CONCERTS WHICH HAVE HAD A POSITIVE EFFECT ON ACCESS AND AUDIENCE GROWTH FOR CLASSICAL MUSIC IN IOWA. IN ADDITION TO OUR ANNUAL YANKEE DOODLE POPS CONCERTS, IN THE PAST WE HAVE PERFORMED CONCERTS IN AMES, WAUKEE, DECORAH, NEWTON, OSKALOOSA, PERRY, CORYDON, GRINNELL AND CLARINDA. THE ORCHESTRA HAS ALSO BEEN INVITED TO PERFORM DURING TWO WORLD FOOD PRIZE EVENTS, INCLUDING IN 2006 WHEN IT PERFORMED THE WORLD PREMIERE OF A COMMISSIONED WORK BY MINNESOTA COMPOSER STEVE HEITZEG, SYMPHONY TO A PRAIRIE FARM. IN ITS 80 YEAR HISTORY THE DES MOINES SYMPHONY HAS COMMISSIONED AND PREMIERED 24 NEW ORCHESTRAL WORKS. THE 2017-18 SEASON WAS OUR EIGHTIETH SEASON, COINCIDING WITH JOSEPH GIUNTA'S TWENTY-NINTH SEASON AS MUSIC DIRECTOR AND CONDUCTOR. GIUNTA'S LONG TENURE IS QUITE NOTABLE AMONG AMERICAN ORCHESTRAS AND IS A TESTAMENT TO HIS COMMITMENT TO, AND THE SUPPORT HE HAS RECEIVED FROM, DES MOINES AND CENTRAL IOWA. COMPELLING PROGRAMMING, COMBINED WITH AN AGGRESSIVE MARKETING CAMPAIGN AND STRATEGIC TICKET PRICES, INCLUDING HALF-PRICE STUDENT ADMISSION, HAS RESULTED IN A 14% INCREASE IN ATTENDANCE REVENUE; AND AN 18% INCREASE IN PAID ATTENDANCE OVER THE PAST FIVE YEARS AND AN 80% SUBSCRIPTION RENEWAL RATE. THE DES MOINES SYMPHONY STRIVES TO CONTRIBUTE, THROUGH PROGRAMMING, EDUCATION AND OUTREACH, TO COMMUNITY DEVELOPMENT AND QUALITY OF LIFE. THE FOLLOWING STATISTICS PROVIDE SOLID MEASURES OF THE POSITIVE IMPACT THE DES MOINES SYMPHONY HAS IN OUR COMMUNITY AND STATE: 1. THE DES MOINES SYMPHONY PROVIDES EMPLOYMENT TO OVER 185 PROFESSIONAL MUSICIANS AND ACADEMY FACULTY MEMBERS, MAKING US THE STATE'S LARGEST EMPLOYER OF MUSICAL ARTISTS. 2. REGULAR ATTENDANCE AT ALL CIVIC CENTER AND OTHER CONCERTS WAS 34,758 IN 2017-18. 3. THE AUDIENCE FOR THE FREE YANKEE DOODLE POPS CONCERT HAS GROWN TO OVER 100,000 PEOPLE. LOOKED AT ANOTHER WAY, NEARLY 18% OF RESIDENTS OF THE METRO AREA ATTENDS YANKEE DOODLE POPS. 4. 5,676 ELEMENTARY SCHOOL STUDENTS ATTENDED THE SYMPHONY'S SCHOOL-DAY YOUTH CONCERTS IN 2018.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE SYMPHONY ACADEMY WAS FOUNDED IN 2003 AND OFFERS AN ARRAY OF PROGRAMS AND OPPORTUNITIES FOR INDIVIDUAL AND GROUP INSTRUCTION, PERFORMANCE AND COMMUNITY INVOLVEMENT. OVER 600 STUDENTS, FROM PRE-SCHOOL TO ADULTS, INCLUDING FOUR YOUTH ORCHESTRAS, PARTICIPATE IN OVER 20 DIFFERENT PROGRAMS AT THE ACADEMY EACH WEEK, WHERE 25 MUSIC EDUCATORS FROM RESPECTED LOCAL INSTIUTIONS, INCLUDING DES MOINES SYMPHONY MUSICIANS AND TEACHERS FROM AREA UNIVERSITIES SERVE AS FACULTY MEMBERS. EACH YEAR THE ACADEMY ORGANIZES AN ARTIST RESIDENCY, A PROGRAM THAT GIVES OVER 4,000 STUDENTS THE OPPORTUNITY TO MEET AND WORK WITH GUEST ARTISTS EACH YEAR THROUGH VARIOUS PERFORMANCES, WORKSHOPS, SCHOOL VISITS AND PRIVATE WORK WITH OUR ACADEMY STUDENTS. FOR THE 2017-18 SCHOOL YEAR, THE ACADEMY CONTINUED TO INCREASE THE PARTICIPATION IN ITS YOUTH ORCHESTRAS PROGRAM. FOLLOWING SUCCESSFUL SPRING AND FALL AUDITIONS AND NEW RECRUITMENT MEASURES THAT INLUDED IN-PERSON SCHOOL VISITS BY JOSEPH GIUNTA, 220 STUDENTS NOW PARTICIPATE. THE MISSION OF THE YOUTH ORCHESTRAS IS TO PROVIDE ACCOMPLISHED AND MOTIVATED YOUNG MUSICIANS OF CENTRAL IOWA WITH OPPORTUNITIES TO EXPAND THEIR MUSICAL HORIZONS BY PERFORMING CHALLENGING ORCHESTRAL REPERTOIRE UNDER EXPERT AND PROFESSIONAL MUSICAL LEADERSHIP. PARTICIPATION IN THE YOUTH ORCHESTRAS BUILDS UPON THE MUSICAL INSTRUCTION STUDENTS RECEIVE THROUGH SCHOOL MUSIC PROGRAMS, PRIVATE LESSONS, AND PRIVATE STUDY AT THE ACADEMY. PARTICIPANTS RECEIVE A COMPREHENSIVE MUSIC EDUCATION AS THEY PROGRESS THROUGH THE SEQUENCE OF THE FOUR ORCHESTRAS: PRELUDIO STRINGS, YOUTH SINFONIA, YOUTH PHILHARMONIC (INTERMEDIATE STRINGS), AND YOUTH SYMPHONY (ADVANCED FULL ORCHESTRA). EACH ORCHESTRA REHEARSES ON A WEEKLY BASIS IN PREPARATION FOR 4 OR MORE CONCERTS EACH YEAR. THE CHALLENGING REPERTOIRE FOR THE YOUTH SYMPHONY REGULARLY INCLUDES WORKS IN THE STANDARD ORCHESTRAL REPERTOIRE. EACH OF THE ACADEMY'S FOUR YOUTH ORCHESTRAS IS LED BY A PROFESSIONAL MUSIC EDUCATOR AND/OR PROFESSIONAL CONDUCTOR. MATT MEYER IS A MEMBER OF THE DES MOINES SYMPHONY AND CONDUCTS THE PRELUDIO STRINGS AND YOUTH SINFONIA. HE HAS DEGRESS IN VIOLIN PERFORMANCE AND MUSIC EDUCATION AND IS SERVING IN HIS SIXTEENTH YEAR AS AN ELEMENTARY ORCHESTRA DIRECTOR IN THE WEST DES MOINES COMMUNITY SCHOOLS. MICHELLE SENGER, WHO CONDUCTS THE YOUTH PHILHARMONIC, IS ALSO A MEMBER OF THE SYMPHONY AND WAS LISTED IN THE 2005 AND 2006 EDITIONS OF WHO'S WHO AMONG AMERICA'S TEACHERS; AND IN 2014 WAS AWARDED SPECIAL RECOGNITION AS IOWA'S MOST INFLUENTIAL BAND OR ORCHESTRA DIRECTOR BY SCHOOL BAND AND ORCHESTRA MAGAZINE. JOSEPH GIUNTA, THE MUSIC DIRECTOR AND CONDUCTOR OF THE DES MOINES SYMPHONY ORCHESTRA, CONDUCTS THE ADVANCED HIGH SCHOOL AGED YOUTH SYMPHONY. IT IS RARE FOR A CONDUCTOR OF A PROFESSIONAL ORCHESTRA IN A METRO AREA THE SIZE OF DES MOINES TO ALSO LEAD A STUDENT ORCHESTRA, BUT GIUNTA'S COMMITMENT TO THESE STUDENTS REFLECTS HIS LONG-STANDING COMMITMENT TO MUSIC EDUCATION. HE ALSO STARTED THE ANNUAL YANKEE DOODLE POPS CONCERT AND HIS LEADERSHIP LED TO A BENCHMARK IN 2003 WHEN THE DES MOINES SYMPHONY ACADEMY OPENED ITS DOORS. THIS WAS A CULMINATION OF MANY YEARS OF PLANNING AND WORKING WITH LOCAL BUSINESS LEADERS TO GREAT MUSIC THROUGH LESSONS, CLASSES AND PERFORAMCE OPPORTUNITIES. IN ADDITION, THE ACADEMY HAS BEGUN A NEW BEGINNING STRINGS PROGRAM, CALLED PROJECT ENCORE, THAT IS PART OF THE BOYS & GIRLS CLUB AFTERSCHOOL PROGRAM AT GEORGE WASHINGTON CARVER ELEMENTARY SCHOOL. THE ACADEMY HAS ALSO LAUNCHED ITS NEW PROPRIETARY KEYBOARD BASED CURRICULUM CALLED GROUP LESSONS FOR YOUNG BEGINNERS. MUSIC EDUCATION IS ONE OF THE BEST WAYS TO PREPARE YOUNG PEOPLE FOR SUCCESS IN THE CLASSROOM AND BEYOND. THIS POSITIVE IMPACT EXTENDS INTO THE COMMUNITY AS THESE YOUNG PEOPLE TAKE ON LEADERSHIP ROLES. A CONSIDERABLE BODY OF RESEARCH SHOWS THAT STUDYING MUSIC AND LEARNING TO PLAY A MUSICAL INSTRUMENT: 1. ENHANCES COGNITIVE ABILITIES, TYPICALLY REFLECTED IN HIGHER TEST SCORES. 2. ENHANCES ABILITIES TO ASSUME SUCCESSFUL L
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Filings

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