The Virginia Symphony Foundation
990 • Fiscal year 2012 • EIN 52-1597415
Scores are not available for this record yet.
Assets
Flat$4,962,414
Flat from 2012
Net Assets
Flat$4,962,414
Flat from 2012
Liabilities
Flat$0
Flat from 2012
Revenue
-
No earlier filing loaded for comparison.
Expenses
Flat$201,207
Flat from 2012
Net Income
-
No earlier filing loaded for comparison.
- Filing Period
- Jul 1, 2011 to Jun 30, 2012
- Signed
- May 13, 2013
- Return Version
- 2011v1.5
- Gross Receipts
- $215,497
Mission
Provide financial support to virginia symphony orchestra by administering funds and property, engaging in other activities as qualify for an exempt organization, solicit and receive funds and property by gift, transfer, devise or bequest and administering and applying such funds and property only in furtherance of these purposes.
Filer
- EIN
- 52-1597415
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| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 0 | THE ENDOWMENT FUNDS WERE ESTABLISHED TO ENSURE THE CONTINUED OPERATIONS OF A PROFESSIONAL ORCHESTRAL ORGANIZATION IN HAMPTON ROADS. |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 1 | THE SYMPHONY AND THE FOUNDATION QUALIFY AS NONPROFIT ENTITIES AS DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND ARE THEREFORE EXEMPT FROM FEDERAL AND STATE INCOME TAXES, EXCEPT ON NET INCOME, IF ANY, GENERATED FROM UNRELATED BUSINESS TAXABLE INCOME. FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. MANAGEMENT HAS EVALUATED THE IMPACT OF THIS GUIDANCE TO ITS FINANCIAL STATEMENTS. MANAGEMENT IS NOT AWARE OF ANY MATERIAL UNCERTAIN TAX POSITIONS, AND HAS NOT ACCRUED THE EFFECT OF ANY UNCERTAIN TAX PROVISIONS AS OF JUNE 30, 2012. THE SYMPHONY AND THE FOUNDATION RECOGNIZE INTEREST AND PENALTIES INCURRED, IF ANY, RELATED TO INCOME TAX POSITIONS AS OTHER INTEREST EXPENSE AND PENALTIES EXPENSE, RESPECTIVELY. WITH FEW EXCEPTIONS, THE SYMPHONY AND THE FOUNDATION ARE NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY FEDERAL, STATE OR LOCAL AUTHORITIES FOR YEARS BEFORE 2008. |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 2 | UNREALIZED LOSS ON INVESTMENTS 260,593. |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier | 0 | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier | 1 | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier | 2 | PART XIII, LINE 2D - OTHER ADJUSTMENTS: |
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| IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference | 1 | PART X: |
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| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | WINTHROP SHORT, JR. AND JANE SHORT ARE HUSBAND AND WIFE. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | A COPY OF THE FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW BEFORE FILING. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | A GOVERNMENT INSPECTION COPY OF THE FORM 990 IS AVAILABLE TO THE PUBLIC. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | NET UNREALIZED LOSSES ON INVESTMENTS: -260,593. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | QUESTION 1C DOES NOT APPLY TO THE ORGANIZATION BECAUSE THE ORGANIZATION DID NOT HAVE BACKUP WITHHOLDING FOR REPORTABLE PAYMENTS TO VENDORS AND REPORTABLE GAMING WINNINGS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | QUESTIONS 7G AND 7H DO NOT APPLY TO THE ORGANIZATION BECAUSE THE ORGANIZATION DID NOT HAVE CONTRIBUTIONS OF QUALIFIED INTELLECTUAL PROPERTY OR CONTRIBUTIONS OF CARS, BOATS, AIRPLANES OR OTHER VEHICLES DURING THE YEAR. |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | CHANGES IN NET ASSETS OR FUND BALANCES: |
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| IRS990ScheduleO/GeneralExplanation/ReturnReference | 4 | FORM 990, PART V, Q 1C |
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| IRS990/StatesWhereCopyOfReturnIsFiled | 0 | VA |
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| IRS990/TotalFunctionalExpenses/Fundraising | 0 | 0 |
| IRS990/TotalFunctionalExpenses/ManagementAndGeneral | 0 | 26265 |
| IRS990/TotalFunctionalExpenses/ProgramServices | 0 | 174942 |
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| IRS990/TotalGrossUBI | 0 | 0 |
| IRS990/TotalLiabilities/BOY | 0 | 0 |
| IRS990/TotalLiabilitiesBOY | 0 | 0 |
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| IRS990/TotalLiabNetAssetsFundBalances/EOY | 0 | 4962414 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $4,962,414
- Liabilities
- $0
- Net assets
- $4,962,414
- Revenue
- -
- Expenses
- $201,207
- Net income
- -