Civic Intelligence

Omaha Symphony Association

990 • Fiscal year 2024 • EIN 47-6039304

Jul 01, 2023 to Jun 30, 2024 • Filed on May 12, 2025

Organization Profilewww.omahasymphony.org

View Organization Page

1905 Harney Street Suite 400Omaha, NE 68102-2318

(402) 342-3836

Siviq Scores

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

Liabilities / Assets

16th percentile

0.02x

Higher debt load relative to assets than 16% of similar nonprofits.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

34th percentile

0.19x

Higher debt load relative to revenue than 34% of similar nonprofits.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

10th percentile

-19%

Higher net margin than 10% of similar nonprofits.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

36th percentile

$280,035

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

47th percentile

5.6%

Faster asset growth than 47% of similar nonprofits.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

16th percentile

-9.1%

Faster revenue growth than 16% of similar nonprofits.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$70,682,214

Up $3,768,301 (+5.6%) from 2023

Net Assets

Up

$69,093,418

Up $3,864,534 (+5.9%) from 2023

Liabilities

Down

$1,588,796

Down $96,233 (-5.7%) from 2023

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin10th percentile

Revenue

Down

$8,230,304

Down $819,006 (-9.1%) from 2023

Expenses

Up

$9,758,049

Up $186,543 (+1.9%) from 2023

Net Income

Down

-$1,527,745

Down $1,005,549 (-193%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

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

$80M$60M$40M$20M$0Assets 2010: $21,603,489Liabilities 2010: $1,823,795Net Assets 2010: $19,779,6942010Assets 2011: $23,300,250Liabilities 2011: $1,624,103Net Assets 2011: $21,676,1472011Assets 2012: $24,333,081Liabilities 2012: $1,846,097Net Assets 2012: $22,486,9842012Assets 2013: $28,119,382Liabilities 2013: $1,382,094Net Assets 2013: $26,737,2882013Assets 2014: $29,607,869Liabilities 2014: $1,614,811Net Assets 2014: $27,993,0582014Assets 2015: $30,681,070Liabilities 2015: $2,332,355Net Assets 2015: $28,348,7152015Assets 2016: $28,312,507Liabilities 2016: $2,996,768Net Assets 2016: $25,315,7392016Assets 2017: $30,254,730Liabilities 2017: $3,237,657Net Assets 2017: $27,017,0732017Assets 2018: $36,687,775Liabilities 2018: $3,506,297Net Assets 2018: $33,181,4782018Assets 2019: $57,002,368Liabilities 2019: $1,599,854Net Assets 2019: $55,402,5142019Assets 2020: $60,392,506Liabilities 2020: $2,314,888Net Assets 2020: $58,077,6182020Assets 2021: $71,026,158Liabilities 2021: $2,461,557Net Assets 2021: $68,564,6012021Assets 2022: $63,749,711Liabilities 2022: $1,562,283Net Assets 2022: $62,187,4282022Assets 2023: $66,913,913Liabilities 2023: $1,685,029Net Assets 2023: $65,228,8842023Assets 2024: $70,682,214Liabilities 2024: $1,588,796Net Assets 2024: $69,093,4182024

Highlighted filing

2024

Assets$70,682,214
Liabilities$1,588,796
Net Assets$69,093,418
Open 2024 Filing

Operations Trend

Revenue Growth16th percentile

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

$30M$20M$10M$0-$10MExpenses 2010: $6,223,1862010Expenses 2011: $5,791,6592011Expenses 2012: $6,063,8852012Expenses 2013: $6,387,5872013Revenue 2014: $6,261,859Expenses 2014: $6,606,663Net Income 2014: -$344,8042014Revenue 2015: $9,220,114Expenses 2015: $7,025,131Net Income 2015: $2,194,9832015Revenue 2016: $6,527,719Expenses 2016: $7,702,073Net Income 2016: -$1,174,3542016Revenue 2017: $8,254,055Expenses 2017: $7,876,033Net Income 2017: $378,0222017Revenue 2018: $14,090,252Expenses 2018: $8,538,677Net Income 2018: $5,551,5752018Revenue 2019: $29,050,227Expenses 2019: $8,748,123Net Income 2019: $20,302,1042019Revenue 2020: $9,474,465Expenses 2020: $7,574,524Net Income 2020: $1,899,9412020Revenue 2021: $5,852,032Expenses 2021: $5,658,367Net Income 2021: $193,6652021Revenue 2022: $10,617,532Expenses 2022: $8,440,086Net Income 2022: $2,177,4462022Revenue 2023: $9,049,310Expenses 2023: $9,571,506Net Income 2023: -$522,1962023Revenue 2024: $8,230,304Expenses 2024: $9,758,049Net Income 2024: -$1,527,7452024

Highlighted filing

2024

Revenue$8,230,304
Expenses$9,758,049
Net Income-$1,527,745
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$8,230,304
Mission and Program Overview

Mission

To enrich people's lives through the exhilarating experience of live orchestral music. Provide Symphonic Orchestral Music to the Greater Omaha, Nebraska and Midwest Region while producing a wide variety of concerts to reach the most diverse audiences possible. To be the primary musical resource in the region.

To enrich people's lives through the exhilarating experience of live orchestral music.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$53,948,734$62,072,571▲ $8,123,837
Pledges and Grants Receivable$10,618,744$6,789,064▼ $3,829,680
Cash and Non-Interest-Bearing Accounts$1,467,029$972,650▼ $494,379
Land, Buildings, and Equipment, Net$553,441$519,748▼ $33,693
Prepaid Expenses and Deferred Charges$167,033$182,995▲ $15,962
Accounts Receivable$112,858$99,100▼ $13,758
Savings and Temporary Cash Investments$10--
Total Assets$66,913,913$70,682,214▲ $3,768,301
Other Assets Total$46,064$46,086▲ $22
Liabilities
Deferred Revenue$1,412,675$1,309,988▼ $102,687
Accounts Payable and Accrued Expenses$272,354$278,808▲ $6,454
Total Liabilities$1,685,029$1,588,796▼ $96,233
Net Assets / Fund Balance
Net Assets With Donor Restrictions$55,135,605$56,169,456▲ $1,033,851
Net Assets Without Donor Restrictions$10,093,279$12,923,962▲ $2,830,683
Total Net Assets Fund Balance$65,228,884$69,093,418▲ $3,864,534
Total Liabilities and Net Assets / Fund Balance$66,913,913$70,682,214▲ $3,768,301

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$519,748$2,221,832$2,741,580
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$53,941,322$3,661,609▲ $6,784,022$2,270,601$62,116,352
2022$47,630,188$2,106,706▲ $4,704,428$500,000$53,941,322
2021$54,638,184$2,010,773▼ $7,664,899$1,353,870$47,630,188
2020$42,033,376$2,057,638▲ $11,047,170$500,000$54,638,184
2019$37,774,255$3,946,786▲ $1,512,335$1,200,000$42,033,376
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer L Boomgaarden Daoudex officio, President and CEOFT$247,800$32,234$280,034
Brett Hodgeex officio, Musician RepresentativeFT$43,869$1,877$45,746
Robert Scharmannex officio, Orchestra Committee ChairFT$28,138$1,044$29,182

Board Members and Trustees

NameTitle
D David SlosburgChairman of the Board
James Davenportex officio, Governing Member Chair
Julie Liakosex officio, Omaha Guild President
Angie QuinnBoard Member
Arun AgarwalBoard Member
Beth F WhitedBoard Member
Brian KetchamBoard Member
Connie RyanBoard Member
Dana E WashingtonBoard Member
David VanderginsteBoard Member
Eric N GurleyBoard Member
Fred R HunzekerBoard Member
Jeff GordmanBoard Member
Jeffery P GoldBoard Member
Jesse SullivanBoard Member
Joanne LiBoard Member
Joel SchlessingerBoard Member
Leonard SommerBoard Member
Sarah Singletary WalkerBoard Member
Rob ReedBoard Secretary
David A DiamondBoard Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ankush Kumar BahlMusic Director1905 Harney Street, Suite 400, Omaha, NE 68102$206,010
Revenue and Support

Revenue Composition

Contributions and Grants
$4,287,052
Program Service Revenue
$2,548,423
Investment Income
$1,392,835
Other Revenue
$1,994
All Other Contributions
$4,018,765
Change in Net Assets
$-1,527,745

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table3$37,096Comparable Sales
Other Non Cash Contri Table2$30,503Comparable Sales
Other Non Cash Contri Table3$9,560Comparable Sales
Food Inventory1$7,457Market Value
Other Non Cash Contri Table12$7,002Comparable Sales
Securities Publicly Traded1$4,925Market Value
Total Noncash Contributions22$96,543-

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,230,304
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$5,392,279
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$13,622,583
Total Revenue per Form 990
$8,230,304
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,999,844
Other Expenses$3,701,394
Total Fundraising Expense$756,619
Professional Fundraising Fees$56,811
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,269,575$59,863$200,566$4,530,004
Payroll Taxes$500,771$24,353$19,909$545,033
Other Employee Benefits$459,322$49,381$31,849$540,552
Office Expenses$394,427$91,260$29,530$515,217
Occupancy$374,876$94,183$0$469,059
Advertising$312,296$0$8,018$320,314
Current Officers, Directors, Trustees, and Key Employees$0$280,582$0$280,582
Travel$164,765$16,089$0$180,854
Fees for Services Other$173,769$0$0$173,769
Other Expenses$168,997$0$0$168,997
Fees for Services Accounting$0$122,458$0$122,458
Pension Plan Contributions$98,528$1,793$3,352$103,673
Depreciation Depletion$61,262$4,873$0$66,135
Fees for Services Professional Fundraising--$56,811$56,811
Information Technology$14,368$16,644$9,876$40,888
Conferences and Meetings$0$24,969$5,624$30,593
Insurance$26,903$0$0$26,903
Fees for Services Legal$0$6,369$0$6,369
Fees for Services Management$0$2,229$0$2,229
Total Functional Expenses$8,206,384$795,046$756,619$9,758,049

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,758,049
Total Expenses per Audited Statements$9,758,049
Total Expenses per Form 990$9,758,049
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$56,811
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
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
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, Part VI, Section A, Line 4

“At the Omaha Symphony Association Annual Meeting on September 24, 2024, the Membership approved several revisions to the OSA bylaws and a restatement of the OSA articles of incorporation, as recommended by the Board of Directors. The bylaw changes increased the maximum size of the Board from 15 to 30; established the Governance Committee as a standing committee, replacing the Nominating Committee; combined the Finance and Investment Committees; and revised the Board's duties and responsibilities. The articles of incorporation were updated to align with the Nebraska Nonprofit Corporation Act.”

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

“Following a review by key employees and the Board Treasurer, the Form 990 is reviewed by the Finance Committee and subsequently the full Board before filing. The Form 990 is then discussed at the next scheduled Board meeting.”

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

“On an annual basis, Board members and key employees review the Conflict of Interest Policy and complete a disclosure form identifying any existing conflicts and their nature.”

Form 990, Part VI, Section B, Line 15

“National salary data for Group 2 orchestras (i.e. those orchestras with a similar-sized budget) in addition to the Non-Profit Association of the Midlands compensation survey provide a guideline for staff salaries, including the CEO and senior staff positions. An annual performance review is conducted with every member of the staff. Staff compensation is included in the annual budget that is approved by the Board.”

Form 990, Part VI, Section C, Line 19

“The most recent Form 990 is available for viewing on the GuideStar and ProPublica websites. Our audited Financial Statements are provided to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Omaha Symphony Association
EIN
47-6039304
Phone
4023423836
Address
1905 Harney Street Suite 400, Omaha, NE 68102-2318

Signing Officer

Name
Jennifer Boomgaarden Daoud
Title
President and CEO
Phone
4023423836
Signed
2025-05-12

Organization Details

Principal Officer
Jennifer Boomgaarden Daoud
Formed
1943
Legal Domicile
Ne
Voting Board Members
19
Independent Board Members
19
Employees
266
Volunteers
100
Supplemental Narrative

Financial Statement Notes

Schedule D, Part III, Line 4

“The Omaha Symphony has five violins, two violin bows, and one viola bow for use by the musicians to enhance the quality of the Orchestra's sound.”

Schedule D, Part V, Line 4

“The Omaha Symphony Association's endowment fund is used to ensure the sustainability of the Omaha Symphony through an annual board-approved draw in a manner consistent with the standard of prudence prescribed by the Nebraska Uniform Prudent Management of Institutional Funds Act (NUPMIFA).”

Raw XML AppendixShowing 400 of 854 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/PersonNm0Jennifer L Boomgaarden Daoud
IRS990/Form990PartVIISectionAGrp/PersonNm1Brett Hodge
IRS990/Form990PartVIISectionAGrp/PersonNm2Robert Scharmann
IRS990/Form990PartVIISectionAGrp/PersonNm3D David Slosburg
IRS990/Form990PartVIISectionAGrp/PersonNm4David A Diamond
IRS990/Form990PartVIISectionAGrp/PersonNm5Rob Reed
IRS990/Form990PartVIISectionAGrp/PersonNm6Arun Agarwal
IRS990/Form990PartVIISectionAGrp/PersonNm7Jeffery P Gold
IRS990/Form990PartVIISectionAGrp/PersonNm8Jeff Gordman
IRS990/Form990PartVIISectionAGrp/PersonNm9Eric N Gurley
IRS990/Form990PartVIISectionAGrp/PersonNm10Fred R Hunzeker
IRS990/Form990PartVIISectionAGrp/PersonNm11Brian Ketcham
IRS990/Form990PartVIISectionAGrp/PersonNm12Joanne Li
IRS990/Form990PartVIISectionAGrp/PersonNm13Angie Quinn
IRS990/Form990PartVIISectionAGrp/PersonNm14Connie Ryan
IRS990/Form990PartVIISectionAGrp/PersonNm15Joel Schlessinger
IRS990/Form990PartVIISectionAGrp/PersonNm16Sarah Singletary Walker
IRS990/Form990PartVIISectionAGrp/PersonNm17Leonard Sommer
IRS990/Form990PartVIISectionAGrp/PersonNm18Jesse Sullivan
IRS990/Form990PartVIISectionAGrp/PersonNm19David Vanderginste
IRS990/Form990PartVIISectionAGrp/PersonNm20Dana E Washington
IRS990/Form990PartVIISectionAGrp/PersonNm21Beth F Whited
IRS990/Form990PartVIISectionAGrp/PersonNm22James Davenport
IRS990/Form990PartVIISectionAGrp/PersonNm23Julie Liakos
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IRS990/Form990PartVIISectionAGrp/TitleTxt0ex officio, President and CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1ex officio, Musician Representative
IRS990/Form990PartVIISectionAGrp/TitleTxt2ex officio, Orchestra Committee Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Chairman of the Board
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt17Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt18Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt19Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt20Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt21Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt22ex officio, Governing Member Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt23ex officio, Omaha Guild President
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IRS990/MissionDesc0To enrich people's lives through the exhilarating experience of live orchestral music. We do this through passionate pursuit of excellence and integrity in all we do; deep commitment to education with the communities we serve; and collaboration among people and organizations committed to sustaining the Omaha Symphony's mission.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$70,682,214
Liabilities
$1,588,796
Net assets
$69,093,418
Revenue
$8,230,304
Expenses
$9,758,049
Net income
-$1,527,745
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$70.7$1.59$69.1$8.23$9.76$1.53
2023Detailed filing. Detailed filing data is available for this year.$66.9$1.69$65.2$9.05$9.57$0.52
2022Detailed filing. Detailed filing data is available for this year.$63.7$1.56$62.2$10.6$8.44$2.18
2021Detailed filing. Detailed filing data is available for this year.$71.0$2.46$68.6$5.85$5.66$0.19
2020Detailed filing. Detailed filing data is available for this year.$60.4$2.31$58.1$9.47$7.57$1.90
2019Detailed filing. Detailed filing data is available for this year.$57.0$1.60$55.4$29.1$8.75$20.3
2018Detailed filing. Detailed filing data is available for this year.$36.7$3.51$33.2$14.1$8.54$5.55
2017Detailed filing. Detailed filing data is available for this year.$30.3$3.24$27.0$8.25$7.88$0.38
2016Detailed filing. Detailed filing data is available for this year.$28.3$3.00$25.3$6.53$7.70$1.17
2015Detailed filing. Detailed filing data is available for this year.$30.7$2.33$28.3$9.22$7.03$2.19
2014Detailed filing. Detailed filing data is available for this year.$29.6$1.61$28.0$6.26$6.61$0.34
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.1$1.38$26.7$6.39
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.3$1.85$22.5$6.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.3$1.62$21.7$5.79
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.6$1.82$19.8$6.22