Civic Intelligence

Music Foundation of Spartanburginc

990 • Fiscal year 2017 • EIN 57-0485556

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 30, 2017

200 East Saint John StreetSpartanburg, SC 29306

(864) 948-9020

Siviq Scores

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

Liabilities / Assets

39th percentile

0.01x

Higher debt load relative to assets than 39% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

35th percentile

0.01x

Higher debt load relative to revenue than 35% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

82nd percentile

27%

Higher net margin than 82% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

66th percentile

$50,200

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

92nd percentile

73%

Faster asset growth than 92% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

80th percentile

34%

Faster revenue growth than 80% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$446,539

Up $188,770 (+73%) from 2016

Net Assets

Up

$441,832

Up $187,089 (+73%) from 2016

Liabilities

Up

$4,707

Up $1,681 (+56%) from 2016

Revenue

Up

$637,846

Up $161,813 (+34%) from 2016

Expenses

Down

$464,144

Down $24,958 (-5.1%) from 2016

Net Income

Up

$173,702

Up $186,771 (+1429%) from 2016

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $164,743Liabilities 2011: $4,029Net Assets 2011: $160,7142011Assets 2012: $447,303Liabilities 2012: $10,030Net Assets 2012: $437,2732012Assets 2013: $329,872Liabilities 2013: $6,579Net Assets 2013: $323,2932013Assets 2014: $373,323Liabilities 2014: $10,018Net Assets 2014: $363,3052014Assets 2015: $288,420Liabilities 2015: $7,906Net Assets 2015: $280,5142015Assets 2016: $257,769Liabilities 2016: $3,026Net Assets 2016: $254,7432016Assets 2017: $446,539Liabilities 2017: $4,707Net Assets 2017: $441,8322017Assets 2018: $523,647Liabilities 2018: $9,525Net Assets 2018: $514,1222018Assets 2019: $480,348Liabilities 2019: $5,390Net Assets 2019: $474,9582019Assets 2020: $704,202Liabilities 2020: $102,844Net Assets 2020: $601,3582020Assets 2021: $687,235Liabilities 2021: $132,784Net Assets 2021: $554,4512021Assets 2022: $755,799Liabilities 2022: $139,768Net Assets 2022: $616,0312022Assets 2023: $717,200Liabilities 2023: $8,666Net Assets 2023: $708,5342023Assets 2024: $742,519Liabilities 2024: $8,854Net Assets 2024: $733,6652024Assets 2025: $778,676Liabilities 2025: $804Net Assets 2025: $777,8722025

Highlighted filing

2017

Assets$446,539
Liabilities$4,707
Net Assets$441,832

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $326,000Expenses 2011: $379,688Net Income 2011: -$53,6882011Revenue 2012: $728,545Expenses 2012: $444,329Net Income 2012: $284,2162012Revenue 2013: $283,087Expenses 2013: $412,273Net Income 2013: -$129,1862013Revenue 2014: $460,088Expenses 2014: $439,945Net Income 2014: $20,1432014Revenue 2015: $404,477Expenses 2015: $487,791Net Income 2015: -$83,3142015Revenue 2016: $476,033Expenses 2016: $489,102Net Income 2016: -$13,0692016Revenue 2017: $637,846Expenses 2017: $464,144Net Income 2017: $173,7022017Revenue 2018: $637,265Expenses 2018: $572,889Net Income 2018: $64,3762018Revenue 2019: $582,391Expenses 2019: $621,555Net Income 2019: -$39,1642019Revenue 2020: $788,112Expenses 2020: $661,712Net Income 2020: $126,4002020Revenue 2021: $532,764Expenses 2021: $579,671Net Income 2021: -$46,9072021Revenue 2022: $833,009Expenses 2022: $771,429Net Income 2022: $61,5802022Revenue 2023: $1,017,480Expenses 2023: $922,189Net Income 2023: $95,2912023Revenue 2024: $969,820Expenses 2024: $942,753Net Income 2024: $27,0672024Revenue 2025: $1,075,663Expenses 2025: $1,036,413Net Income 2025: $39,2502025

Highlighted filing

2017

Revenue$637,846
Expenses$464,144
Net Income$173,702
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 30, 2017
Return Version
2016v3.0
Gross Receipts
$649,804
Mission and Program Overview

Mission

The spartanburg philharmonic orchestra's mission is to enrich, inspire, and educate the spartanburg community through live performances of high quality music.

Provide orchestra, opera, and concert events for the spartanburg community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$68,132$127,668▲ $59,536
Cash and Non-Interest-Bearing Accounts$43,755$115,388▲ $71,633
Accounts Receivable-$2,475-
Total Assets$257,769$446,539▲ $188,770
Other Assets Total$145,882$201,008▲ $55,126
Liabilities
Accounts Payable and Accrued Expenses$3,026$4,707▲ $1,681
Total Liabilities$3,026$4,707▲ $1,681
Net Assets / Fund Balance
Temporarily Rstr Net Assets$75,571$149,865▲ $74,294
Permanently Rstr Net Assets$109,124$148,979▲ $39,855
Unrestricted Net Assets$70,048$142,988▲ $72,940
Total Net Assets Fund Balance$254,743$441,832▲ $187,089
Total Liabilities and Net Assets / Fund Balance$257,769$446,539▲ $188,770

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$5,811$5,811
Other Assets Org$201,008--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$116,563$39,855▲ $14,085-$169,077
2015$141,270$8,095▼ $6,116-$116,563
2014$140,399-▲ $3,401-$141,270
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kathryn BoucherExecutive DiFT$50,200$50,200

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$451,691
Program Service Revenue
$168,996
Investment Income
$1,888
Other Revenue
$15,271
All Other Contributions
$326,072
Change in Net Assets
$173,702
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$287,845
Other Expenses$176,299
Total Fundraising Expense$59,519
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$154,730$30,481$24,920$210,131
Current Officers, Directors, Trustees, and Key Employees$13,475$26,950$13,475$53,900
Office Expenses$13,093$16,435-$29,528
Fees for Services Other$21,569--$21,569
Occupancy$18,156$1,514$505$20,175
Payroll Taxes$12,584$4,297$2,873$19,754
Travel$13,638$1,196$799$15,633
Advertising$14,154--$14,154
Insurance$5,769$6,126$1,317$13,212
Fees for Services Accounting-$6,621-$6,621
All Other Expenses$2,261$1,855-$4,116
Other Employee Benefits$3,248-$812$4,060
Other Expenses$6,224$2,445$14,818$2,445
Conferences and Meetings-$1,750-$1,750
Total Functional Expenses$304,955$99,670$59,519$464,144
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$26,494
Fundraising Direct Expenses$11,958
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$20,270$20,270$1,979$18,291
Motorcycle Raff$6,224$6,224$1,050$5,174
Total Events$26,494$26,494$11,958$14,536
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
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
No
Conflict-of-interest policy
No
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 11B

The form 990 is provided to the executive committee prior to filing with the taxing authorities.

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

The executive committee of the board draws from comparables in the region as well as in the field.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Music Foundation of Spartanburginc
EIN
57-0485556
Phone
8649489020
Address
200 EAST SAINT JOHN STREET, SPARTANBURG, SC 29306

Signing Officer

Name
Kathryn Boucher
Title
Executive Director
Phone
8649489020
Signed
2017-09-30

Organization Details

Principal Officer
Kathryn Boucher
Formed
1949
Legal Domicile
Sc
Voting Board Members
18
Independent Board Members
18
Employees
135
Volunteers
42

Preparer

Firm
Norman Johnson & Co Pa
Address
191 N DANIEL MORGAN AVENUE, SPARTANBURG, SC 29306
Preparer
Gary J Johnson CPA
Phone
8645738623
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Volunteers are essential when running a small non-profit. The spo's volunteers help with data entry, planning and organizing the annual fundraiser, and supporting the staff and musicians of the organization.

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

Throughout downtown spartanburg featuring historic music makers from spartanburg, and the bluegrass concert series featuring world renowned bluegrass bands.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

To provide funding to ensure the presentation of spartanburg's professional orchestra.

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IRS990/MissionDesc0THE SPARTANBURG PHILHARMONIC ORCHESTRA'S MISSION IS TO ENRICH, INSPIRE AND EDUCATE THE SPARTANBURG COMMUNITY THROUGH LIVE PERFORMANCES OF HIGH QUALITY MUSIC.
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IRS990/OtherExpensesGrp/TotalAmt32445
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IRS990/PrincipalOfficerNm0KATHRYN BOUCHER
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt128475
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt128475
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IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATION THE SPARTANBURG PHILHARMONIC ORCHESTRA PARTNERS WITH CARNEGIE HALL TO PROVIDE YEARLONG MUSIC CURRICULUM TO APPROXIMATELY 3,800 SPARTANBURG COUNTY ELEMENTARY SCHOOL STUDENTS. FOR THE STUDENTS, THE CULMINATION OF THE YEARLONG CURRICULUM IS PERFORMING IN A PARTICIPATORY CONCERT WITH OUR ORCHESTRA IN TWICHELL AUDITORIUM. COMMUNITY THE SPARTANBURG PHILHARMONIC ORCHESTRA PARTNERS WITH MANY ORGANIZATIONS IN SPARTANBURG COUNTY TO PROVIDE FREE LIVE MUSIC TO THE COMMUNITY. PARTNERSHIPS INCLUDE: SPARTANBURG DOWNTOWN LIBRARY AND OUR "MUSIC SANDWICHED IN" PROGRAM; HUB-BUB AND "SPO ON THE SQUARE- AND BOYS AND GIRLS CLUB OF THE UPSTATE AND "PEANUT BUTTER AND JAM." NEW TO THE ORGANIZATION THIS YEAR IS THE SPARTANBURG MUSIC TRAIL, A WALKING TRAIL THROUGHOUT DOWNTOWN SPARTANBURG FEATURING HISTORIC MUSIC MAKERS FROM SPARTANBURG, AND THE BLUEGRASS CONCERT SERIES FEATURING WORLD RENOWNED BLUEGRASS BANDS.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.00$0.78$1.08$1.04$0.04
2024Detailed filing. Detailed filing data is available for this year.$0.74$0.01$0.73$0.97$0.94$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.72$0.01$0.71$1.02$0.92$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.76$0.14$0.62$0.83$0.77$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.69$0.13$0.55$0.53$0.58$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.70$0.10$0.60$0.79$0.66$0.13
2019Detailed filing. Detailed filing data is available for this year.$0.48$0.01$0.47$0.58$0.62$0.04
2018Summary only. Only limited summary data is available for this year.$0.52$0.01$0.51$0.64$0.57$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.44$0.64$0.46$0.17
2016Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.25$0.48$0.49$0.01
2015Summary only. Only limited summary data is available for this year.$0.29$0.01$0.28$0.40$0.49$0.08
2014Summary only. Only limited summary data is available for this year.$0.37$0.01$0.36$0.46$0.44$0.02
2013Summary only. Only limited summary data is available for this year.$0.33$0.01$0.32$0.28$0.41$0.13
2012Summary only. Only limited summary data is available for this year.$0.45$0.01$0.44$0.73$0.44$0.28
2011Summary only. Only limited summary data is available for this year.$0.16$0.00$0.16$0.33$0.38$0.05