Civic Intelligence

Charlottesville Symphony Society

EIN 54-1800245 • 501(c)3 • Charlottesville, VA

Profile

The Charlottesville Symphony Society champions the Charlottesville Symphony at the University of Virginia through exceptional symphonic experiences, enriching educational offerings and creative partnerships that bring diverse people together.

PO Box 4206Charlottesville, VA 22905

www.cvillesymphony.org

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

10th percentile

0.00x

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

9th percentile

-33%

Higher net margin than 9% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

45th percentile

$118,069

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 13.3% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

46th percentile

2.9%

Faster asset growth than 46% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

39th percentile

1.8%

Faster revenue growth than 39% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$8,233,848

Down $47,086 (-0.6%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$8,233,848

Down $47,086 (-0.6%) from 2022

Revenue

Up

$870,305

Up $32,343 (+3.9%) from 2022

Expenses

Up

$1,065,312

Up $167,448 (+19%) from 2022

Net Income

Down

-$195,007

Down $135,105 (-226%) from 2022

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $4,176,525Liabilities 2011: $85,906Net Assets 2011: $4,090,6192011Assets 2012: $4,149,306Liabilities 2012: $0Net Assets 2012: $4,149,3062012Assets 2013: $4,525,206Liabilities 2013: $0Net Assets 2013: $4,525,2062013Assets 2014: $5,106,853Liabilities 2014: $0Net Assets 2014: $5,106,8532014Assets 2015: $5,232,397Liabilities 2015: $0Net Assets 2015: $5,232,3972015Assets 2016: $5,086,606Liabilities 2016: $0Net Assets 2016: $5,086,6062016Assets 2017: $5,706,105Liabilities 2017: $0Net Assets 2017: $5,706,1052017Assets 2018: $6,053,606Liabilities 2018: $0Net Assets 2018: $6,053,6062018Assets 2019: $6,182,203Liabilities 2019: $0Net Assets 2019: $6,182,2032019Assets 2020: $6,306,233Liabilities 2020: $0Net Assets 2020: $6,306,2332020Assets 2021: $8,712,114Liabilities 2021: $0Net Assets 2021: $8,712,1142021Assets 2022: $8,280,934Liabilities 2022: $0Net Assets 2022: $8,280,9342022Assets 2023: $8,233,848Liabilities 2023: $0Net Assets 2023: $8,233,8482023

Highlighted filing

2023

Assets$8,233,848
Liabilities$0
Net Assets$8,233,848

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,045,650Expenses 2011: $738,584Net Income 2011: $307,0662011Revenue 2012: $732,111Expenses 2012: $673,424Net Income 2012: $58,6872012Revenue 2013: $506,428Expenses 2013: $720,833Net Income 2013: -$214,4052013Revenue 2014: $648,913Expenses 2014: $747,291Net Income 2014: -$98,3782014Revenue 2015: $690,048Expenses 2015: $853,980Net Income 2015: -$163,9322015Revenue 2016: $780,541Expenses 2016: $887,130Net Income 2016: -$106,5892016Revenue 2017: $1,097,194Expenses 2017: $1,005,924Net Income 2017: $91,2702017Revenue 2018: $844,010Expenses 2018: $1,069,674Net Income 2018: -$225,6642018Revenue 2019: $753,221Expenses 2019: $936,385Net Income 2019: -$183,1642019Revenue 2020: $770,210Expenses 2020: $919,051Net Income 2020: -$148,8412020Revenue 2021: $451,064Expenses 2021: $757,159Net Income 2021: -$306,0952021Revenue 2022: $837,962Expenses 2022: $897,864Net Income 2022: -$59,9022022Revenue 2023: $870,305Expenses 2023: $1,065,312Net Income 2023: -$195,0072023

Highlighted filing

2023

Revenue$870,305
Expenses$1,065,312
Net Income-$195,007

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$8.23$0.00$8.23$0.87$1.07$0.20
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.28$0.00$8.28$0.84$0.90$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.71$0.00$8.71$0.45$0.76$0.31
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.31$0.00$6.31$0.77$0.92$0.15
2019Summary only. Only limited summary data is available for this year.$6.18$0.00$6.18$0.75$0.94$0.18
2018Summary only. Only limited summary data is available for this year.$6.05$0.00$6.05$0.84$1.07$0.23
2017Summary only. Only limited summary data is available for this year.$5.71$0.00$5.71$1.10$1.01$0.09
2016Summary only. Only limited summary data is available for this year.$5.09$0.00$5.09$0.78$0.89$0.11
2015Summary only. Only limited summary data is available for this year.$5.23$0.00$5.23$0.69$0.85$0.16
2014Summary only. Only limited summary data is available for this year.$5.11$0.00$5.11$0.65$0.75$0.10
2013Summary only. Only limited summary data is available for this year.$4.53$0.00$4.53$0.51$0.72$0.21
2012Summary only. Only limited summary data is available for this year.$4.15$0.00$4.15$0.73$0.67$0.06
2011Summary only. Only limited summary data is available for this year.$4.18$0.09$4.09$1.05$0.74$0.31
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 13, 2022
Return Version
2020v4.1
Gross Receipts
$451,064
Mission and Program Overview

Mission

The Charlottesville Symphony Society champions the Charlottesville Symphony at the University of Virginia through exceptional symphonic experiences, enriching educational offerings and creative partnerships that bring diverse people together.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$3,811,051$8,180,492▲ $4,369,441
Investments in Publicly Traded Securities$1,793,436--
Savings and Temporary Cash Investments$701,546$531,422▼ $170,124
Cash and Non-Interest-Bearing Accounts$200$200→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$6,306,233$8,712,114▲ $2,405,881
Other Assets Total$0$0→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,642,108$8,231,006▲ $2,588,898
Net Assets Without Donor Restrictions$664,125$481,108▼ $183,017
Total Net Assets Fund Balance$6,306,233$8,712,114▲ $2,405,881
Total Liabilities and Net Assets / Fund Balance$6,306,233$8,712,114▲ $2,405,881

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$229,054--
Closely Held Equity Interests$0--
Financial Derivatives$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$5,735,011$145,666▲ $2,711,977$276,684$8,297,534
2019$5,615,375$166,499▲ $261,489$291,835$5,735,011
2018$5,594,208$2,575▲ $313,204$276,246$5,615,375
2017$5,291,987$14,000▲ $565,569$264,292$5,594,208
2016$4,615,712$427,986▲ $503,282$239,612$5,291,987
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Janet B KaltenbachExecutive DirectorFT$114,218$114,218
Revenue and Support

Revenue Composition

Contributions and Grants
$449,664
Program Service Revenue
$1,400
Investment Income
$0
Other Revenue
$0
All Other Contributions
$449,664
Change in Net Assets
$-306,095
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$658,338
Total Fundraising Expense$131,580
Other Expenses$92,461
Grants and Similar Amounts Paid$6,360
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$328,012$21,000$82,600$431,612
Other Employee Benefits$90,986$9,150$13,668$113,804
Current Officers, Directors, Trustees, and Key Employees$28,350$47,250$18,900$94,500
Advertising$23,675$0$0$23,675
Occupancy$0$19,391$0$19,391
Payroll Taxes$5,527$9,211$3,684$18,422
Fees for Service Investment Mgmnt Fees$0$12,076$0$12,076
Fees for Services Accounting$0$6,037$6,036$12,073
Office Expenses$0$6,972$0$6,972
Grants to Domestic Individuals$6,360--$6,360
Information Technology$2,408$270$2,260$4,938
Insurance$0$2,719$0$2,719
All Other Expenses$2,458$0$0$2,458
Other Expenses$0$2,308$0$2,308
Total Functional Expenses$488,050$137,529$131,580$757,159
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Filing and Contact Details

Filer

Filer Name
Charlottesville Symphony Society
EIN
54-1800245
Phone
4349243139
Address
PO BOX 4206, CHARLOTTESVILLE, VA 22905

Signing Officer

Name
Janet B Kaltenbach
Title
Executive Director
Phone
4349243139
Signed
2022-05-13

Organization Details

Principal Officer
Janet B Kaltenbach
Formed
1974
Legal Domicile
Va
Voting Board Members
17
Independent Board Members
17
Employees
6
Volunteers
0

Preparer

Firm
Delltax LLC
Address
801 W Main St Ste 202, Charlottesville, VA 22903
Preparer
Bessie Smith
Phone
4342443355
Supplemental Narrative

Additional Explanations

Other

Part 1, Line 6, Volunteers: The number has dropped from 79 the previous year to 0 because COVID-19 restrictions forced the cancellation of all public events at which volunteers were utilized.

Pt III, Line 3

Program Changes: All public concerts,in-school music education programs, community engagement activities and donor stewardship events were cancelled due to COVID-19 restrictions in our community. Where possible, digital programming using archival and recorded content replaced live events.

Pt VI, Line 12C

Conflict of Interest Disclosure Forms are distributed to all board and staff members at the Corporate Annual Meeting each May, and must be returned with original signatures to The Executive Committee within 30 days. Disclosures involving directors (none to date) would be sent to the Board President. Staff disclosures (none yet) would be sent to the Executive Director. The Board of Directors or the Executive Committee, acting on the board's behalf, would determine if a conflict of interest exists and whether or not the contemplated transaction is reasonable and transparent. The decision would then be recorded in the minutes.

Pt VI, Line 15A

The Charlottesville Symphony Society participates in annual salary surveys on a national level with its service organization, the League of American Orchestras, and locally with the Center for Nonprofit Excellence. Reports containing detailed comparative data and analysis are received from both and utilized by the board's Personnel Committee as needed. The Executive Director also consults with the BoardSource publication "Nonprofit Executive Compensation - Planning Performance and Pay." Additionally, staff salaries and possible merit-based bonuses are reviewed and discussed annually by the Personnel and Executive Committees. Compensation decisions are made by these two committees and communicated first to the Finance Committee for incorporation into the annual operating budget and then to the full Board of Directors.

Pt VI, Line 11B

The Executive Director reviews the Form 990 with the Board President and Treasurer. Shedule D is completed with data provided by the University of Virginia Investment Management Company and The Director of the University of Virginia Fund who is a CPA and who reviews Schedule D information prior to submission.

Pt VI, Line 19

Documents are available for inspection at the Society's office upon request under Virginia's "sunshine" laws. Form 990 may also be viewed on Guidestar's website.

Pt VI, Line 15B

The Charlottesville Symphony Society participates in annual salary surveys on a national level with its service organization, the League of American Orchestras, and locally with the Center of Nonprofit Excellence. Reports containing detailed comparative data and analysis are received from both and utilized by the board's Personnel Committee as needed. The Executive Director also consults with the BoardSource publication "Nonprofit Executive Compensation - Planning Performance and pay." Additionally, staff salaries and possible merit-based bonuses are reviewed and discussed annually by the Personnel and Executive Committee. Compensation decisions are made by these two committees and communicated first to the Finance Committee for incorporation into the annual operating budget and then to the full board of Directors.

Form 990, Part III, Line 4D

musical instrument repairs 274. 0. 0.

Form 990, Part III, Line 4D

production expenses for digital version of Family 2458. 0. 0.

Form 990, Part III, Line 4D

Nine private lessons scholarships for student 6360. 0. 0.

Form 990, Part III, Line 4D

institutional marketing and promotion 23675. 0. 0.

Form 990, Part III, Line 4D

salaries, wages, benefits and payroll taxes for staff 452098. 0. 0.

Financial Statement Notes

Pt V, Line 4

Uses of endowment funds: orchestra members' salaries and fringe benefits; music lesson scholarships; free music education programs for pre-k-12 students.

Raw XML AppendixShowing 400 of 764 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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