Civic Intelligence

Jacksonville Symphony Association Inc

EIN 59-6002520 • 501(c)3 • Jacksonville, FL

Profile

To present artistically excellent classical and other orchestral performances for the enjoyment, education and enrichment of an ever-increasing diverse audience, while maintaining fiscal integrity.

300 Water Street Suite 200Jacksonville, FL 32202

www.jaxsymphony.org

Siviq Scores

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

Liabilities / Assets

31st percentile

0.07x

Higher debt load relative to assets than 31% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

39th percentile

0.19x

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

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

20th percentile

-7.4%

Higher net margin than 20% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

94th percentile

57%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Revenue Growth

32nd percentile

-0.1%

Faster revenue growth than 32% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Assets

Up

$32,569,211

Up $834,781 (+2.6%) from 2023

Liabilities

Up

$2,255,228

Up $285,084 (+14%) from 2023

Net Assets

Up

$30,313,983

Up $549,697 (+1.8%) from 2023

Revenue

Down

$12,083,683

Down $16,736,610 (-58%) from 2023

Expenses

Up

$12,983,751

Up $1,047,652 (+8.8%) from 2023

Net Income

Down

-$900,068

Down $17,784,262 (-105%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $9,166,688Liabilities 2010: $1,842,331Net Assets 2010: $7,324,3572010Assets 2011: $8,721,127Liabilities 2011: $1,889,497Net Assets 2011: $6,831,6302011Assets 2012: $9,462,719Liabilities 2012: $3,388,877Net Assets 2012: $6,073,8422012Assets 2013: $9,602,601Liabilities 2013: $3,893,942Net Assets 2013: $5,708,6592013Assets 2014: $10,645,450Liabilities 2014: $4,341,963Net Assets 2014: $6,303,4872014Assets 2015: $9,094,230Liabilities 2015: $4,885,385Net Assets 2015: $4,208,8452015Assets 2016: $12,454,341Liabilities 2016: $3,802,303Net Assets 2016: $8,652,0382016Assets 2017: $15,725,334Liabilities 2017: $5,282,672Net Assets 2017: $10,442,6622017Assets 2018: $14,968,655Liabilities 2018: $6,217,862Net Assets 2018: $8,750,7932018Assets 2019: $13,647,806Liabilities 2019: $6,001,265Net Assets 2019: $7,646,5412019Assets 2020: $11,456,662Liabilities 2020: $6,019,875Net Assets 2020: $5,436,7872020Assets 2021: $14,561,376Liabilities 2021: $3,912,970Net Assets 2021: $10,648,4062021Assets 2022: $13,168,401Liabilities 2022: $1,649,149Net Assets 2022: $11,519,2522022Assets 2023: $31,734,430Liabilities 2023: $1,970,144Net Assets 2023: $29,764,2862023Assets 2024: $32,569,211Liabilities 2024: $2,255,228Net Assets 2024: $30,313,9832024

Highlighted filing

2024

Assets$32,569,211
Liabilities$2,255,228
Net Assets$30,313,983

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $7,838,7182010Expenses 2011: $8,107,6362011Expenses 2012: $8,618,5892012Revenue 2013: $6,644,445Expenses 2013: $8,116,676Net Income 2013: -$1,472,2312013Revenue 2014: $9,280,230Expenses 2014: $9,074,131Net Income 2014: $206,0992014Revenue 2015: $7,806,876Expenses 2015: $9,927,343Net Income 2015: -$2,120,4672015Revenue 2016: $14,120,453Expenses 2016: $9,683,021Net Income 2016: $4,437,4322016Revenue 2017: $14,691,682Expenses 2017: $13,394,954Net Income 2017: $1,296,7282017Revenue 2018: $10,024,701Expenses 2018: $12,397,836Net Income 2018: -$2,373,1352018Revenue 2019: $9,595,497Expenses 2019: $11,090,763Net Income 2019: -$1,495,2662019Revenue 2020: $9,523,661Expenses 2020: $10,972,085Net Income 2020: -$1,448,4242020Revenue 2021: $11,991,040Expenses 2021: $8,762,633Net Income 2021: $3,228,4072021Revenue 2022: $12,101,083Expenses 2022: $10,709,554Net Income 2022: $1,391,5292022Revenue 2023: $28,820,293Expenses 2023: $11,936,099Net Income 2023: $16,884,1942023Revenue 2024: $12,083,683Expenses 2024: $12,983,751Net Income 2024: -$900,0682024

Highlighted filing

2024

Revenue$12,083,683
Expenses$12,983,751
Net Income-$900,068

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$32.6$2.26$30.3$12.1$13.0$0.90
2023Detailed filing. Detailed filing data is available for this year.$31.7$1.97$29.8$28.8$11.9$16.9
2022Detailed filing. Detailed filing data is available for this year.$13.2$1.65$11.5$12.1$10.7$1.39
2021Detailed filing. Detailed filing data is available for this year.$14.6$3.91$10.6$12.0$8.76$3.23
2020Detailed filing. Detailed filing data is available for this year.$11.5$6.02$5.44$9.52$11.0$1.45
2019Detailed filing. Detailed filing data is available for this year.$13.6$6.00$7.65$9.60$11.1$1.50
2018Detailed filing. Detailed filing data is available for this year.$15.0$6.22$8.75$10.0$12.4$2.37
2017Detailed filing. Detailed filing data is available for this year.$15.7$5.28$10.4$14.7$13.4$1.30
2016Detailed filing. Detailed filing data is available for this year.$12.5$3.80$8.65$14.1$9.68$4.44
2015Detailed filing. Detailed filing data is available for this year.$9.09$4.89$4.21$7.81$9.93$2.12
2014Detailed filing. Detailed filing data is available for this year.$10.6$4.34$6.30$9.28$9.07$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.60$3.89$5.71$6.64$8.12$1.47
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.46$3.39$6.07$8.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.72$1.89$6.83$8.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.17$1.84$7.32$7.84
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$15,439,428
Mission and Program Overview

Mission

To present artistically excellent classical and other orchestral performances for the enjoyment, education and enrichment of an ever-increasing diverse audience, while maintaining fiscal integrity.

The mission of the jacksonville symphony is to enrich the human spirit through symphonic music.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$17,699,085$20,686,609▲ $2,987,524
Pledges and Grants Receivable$5,837,308$4,926,883▼ $910,425
Savings and Temporary Cash Investments$5,855,799$3,734,001▼ $2,121,798
Cash and Non-Interest-Bearing Accounts$1,073,360$1,526,843▲ $453,483
Land, Buildings, and Equipment, Net$404,696$977,546▲ $572,850
Prepaid Expenses and Deferred Charges$87,376$421,394▲ $334,018
Accounts Receivable$6,319$72,814▲ $66,495
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$31,734,430$32,569,211▲ $834,781
Other Assets Total$770,487$223,121▼ $547,366
Liabilities
Deferred Revenue$973,610$1,068,319▲ $94,709
Accounts Payable and Accrued Expenses$661,518$956,992▲ $295,474
Other Liabilities$335,016$229,917▼ $105,099
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,970,144$2,255,228▲ $285,084
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$23,149,819$24,436,082▲ $1,286,263
Net Assets With Donor Restrictions$6,614,467$5,877,901▼ $736,566
Total Net Assets Fund Balance$29,764,286$30,313,983▲ $549,697
Total Liabilities and Net Assets / Fund Balance$31,734,430$32,569,211▲ $834,781

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$325,600$1,119,990$1,445,590
Leasehold Improvements$457,813$356,038$813,851
Other Land Buildings$194,133$430,901$625,034
Other Securities$476,559--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$21,723,632$617,494▲ $2,263,025$1,380,100$23,224,051
2023$9,531,420$10,556,010▲ $1,636,202-$21,723,632
2022$9,514,219$299,999▼ $282,798-$9,531,420
2021$6,806,127$602,110▲ $2,105,982-$9,514,219
2020$7,958,892-▼ $643,817$508,948$6,806,127
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ms Courtney LewisConductorFT$254,883$45,272$300,155
Mr Steven LibmanPresident & CEOFT$255,250$41,436$296,686
Mr Bryan DeboerVP & Chief Advancement OfficerFT$156,473$37,696$194,169
Mr Thomas FlahertyVP & CFOFT$174,036$17,907$191,943
Mr Danny RiosOrchestra RepresentativeFT$50,925$27,784$78,709
Mr Jorge PeaOrchestra RepresentativeFT$50,172$18,701$68,873

Highest Paid Contractors

ContractorServicesLocationCompensation
The Angelo Group IncArchitect11363-300 San Jose Blvd, Jacksonville, FL 32223$389,822
WME Entertainment LLCMovie Licensing9601 Wilshire Blvd 3rd fl, Beverly Hills, CA 90210$124,746
Revenue and Support

Revenue Composition

Contributions and Grants
$7,036,804
Program Service Revenue
$4,038,194
Investment Income
$824,589
Other Revenue
$184,096
All Other Contributions
$5,992,432
Change in Net Assets
$-900,068

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Closely Held Stock6$75,099Fair Market Value (FMV)
Total Noncash Contributions6$75,099-

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,055,385
Revenue Not Reported on Financial Statements
$28,298
Revenue Not Reported on Form 990
$1,635,280
Total Revenue per Audited Statements
$13,690,665
Total Revenue per Form 990
$12,083,683
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,756,037
Other Expenses$4,224,739
Total Fundraising Expense$1,170,761
Grants and Similar Amounts Paid$2,975
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,749,091$973,339$440,650$6,163,080
Other Employee Benefits$719,686$147,502$66,777$933,965
Current Officers, Directors, Trustees, and Key Employees$604,417$123,877$56,082$784,376
Advertising$142,072$283,449$165,017$590,538
Payroll Taxes$388,859$79,698$36,081$504,638
Fees for Services Other$95,804$191,141$111,278$398,223
Pension Plan Contributions$285,094$58,431$26,453$369,978
Information Technology$56,570$62,045$63,870$182,485
Insurance$32,734$65,308$38,021$136,063
Occupancy$40,639$44,571$45,882$131,092
Other Expenses$27,558$30,225$31,114$88,897
Depreciation Depletion$27,212$29,846$30,723$87,781
Travel$8,167$44,603$1,470$54,240
Office Expenses$14,512$15,916$16,385$46,813
Fees for Services Legal-$41,654-$41,654
Fees for Services Accounting-$33,000-$33,000
Interest$32,376--$32,376
Fees for Service Investment Mgmnt Fees-$28,298-$28,298
All Other Expenses$8,374$9,182$9,453$27,009
Grants to Domestic Individuals$2,975--$2,975
Total Functional Expenses$9,496,789$2,316,201$1,170,761$12,983,751

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$13,140,968
Total Expenses per Form 990$12,983,751
Expenses per Audited Statements$12,955,453
Expenses Not Reported on Form 990$185,515
Expenses Not Reported on Financial Statements$28,298
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$250,537
Fundraising Direct Expenses$165,653
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$478,589$250,537$165,653$84,884
Total Events$478,589$250,537$165,653$84,884
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease$229,917
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 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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

After the president/ceo and the cfo review the form 990, it is then reviewed by the chair of the finance committee and the chair of the board, on behalf of the finance committee. The form is then shared with the full board of directors prior to filing. After filing, the form 990 is placed on the organization's website.

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

During the annual audit, there is a process to review the enforcement of and compliance with the organization's conflict of interest policy, and any issues are then disclosed to management and the board of directors via a "Management Letter" from the auditors. Staff sign an acknowledgement form upon distribution of the team guide. There is a board of director's conflict of interest policy which mandates documentation of any issues.

Form 990, Part VI, Section B, Line 15A

Compensation for the organization's president is approved by the board chair.

Form 990, Part VI, Section B, Line 15B

Salaries for the president/ceo and music director are approved by the board of directors, and salaries are monitored as a part of the budgeting process.

Form 990, Part VI, Section B, Line 19

Jacksonville Symphony Association, Inc's governing documents, conflict of interest policy, and financial statements are available for public inspection upon request at their office at 300 West Water St, Jacksonville, Fl.

Filing and Contact Details

Filer

Filer Name
Jacksonville Symphony Association Inc
EIN
59-6002520
In Care Of
% THOMAS FLAHERTY
Phone
9043540792
Address
300 WATER STREET SUITE 200, JACKSONVILLE, FL 32202

Signing Officer

Name
Thomas Flaherty
Title
CFO
Phone
9043540792
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Libman
Formed
1950
Legal Domicile
Fl
Voting Board Members
37
Independent Board Members
34
Employees
366
Volunteers
192

Preparer

Firm
Smith & Howard Advisory LLC
Address
271 17TH STREET NW SUITE 2100, ATLANTA, GA 30363
Preparer
Sabre J Linahan
Phone
4048746244
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

INDOOR CONCERT SERIES - CONTINUED Today, with the support of committed corporate and individual donors, and strong new administrative and artistic leadership, the Jacksonville Symphony is reaching new heights, enhancing the quality of life of Northeast Florida residents through innovative performances, music education programs, community engagement activities and local partnerships. Through the hard work of our dedicated Board of Directors, staff and talented musicians, we were able to reach more than 165,000 patrons in 2023/24.

Form 990, Part III, Line 4B

YOUTH MUSIC PROGRAM - CONTINUED Our VP of Music Education and DEI Initiatives works with school district administrators to develop and provide music education opportunities to students throughout the region such as Ensemble School Visits, Youth Concerts for elementary school students in Jacoby Symphony Hall, Nutcracker School Performances, and Students at the Symphony for middle and high school students. We've impacted 70,338 students through our music education programs such as the Jacksonville Symphony Youth Orchestras program that provides almost 200 young musicians with weekly individualized, ability-specific instruction and five opportunities to perform on the Jacoby Symphony Hall stage during the school year. To provide access to symphonic music for all, we offer reduced ticket-price programs for students, seniors and veterans, free ensemble performances at local venues and free tickets to almost 100 community partners and non-profit organizations.

Form 990, Part XI, Line 9

Change in value of beneficial trust

Financial Statement Notes

Schedule D, Part V, Line 4

The endowment fund represents funds that are either designated for a particular use by the board of directors or are subject to restrictions by the donor or grantor. Income from endowment investments may be used for support of assocation operations.

Schedule D, Part X, Line 2

The association is a not-for-profit organizations as described in section 501(c)(3) of the internal revenue code and is exempt from federal and state income taxes on related income pursuant to section 501(a) of the internal revenue code and chapter 220.13 of the florida statutes, respectively. The symphony evaluates its tax positions for any uncertainties based on the technical merits of the positions taken. The symphony recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be upheld on examination by taxing authorities. The symphony has analyzed the tax positions taken and has concluded that as of june 30, 2024 and 2023, there were no uncertain tax positions taken, or expected to be taken, that would require recognition of a liability or disclosure in the consolidating financial statements. Management is required to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions, including federal and certain state taxing authorities. With few exceptions, at june 30, 2024, the symphony is no longer subject to u.s. Federal, state or local income tax examinations by taxing authorities for years before 2021. As of and for the years ended june 30, 2024 and 2023, the symphony did not have a liability for any unrecognized taxes. The symphony has no examinations in progress and is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax liabilities will significantly change in the next twelve months.

Part XI, Line 2D

$ 165,653 direct fundraising event expenses $ 36,039 change value of in beneficial trust ----------- $ 201,692 total

Part XII, Line 2D

$ 165,653 direct fundraising event expenses

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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/Desc0INDOOR CONCERT SERIES - WHAT STARTED IN 1949 AS A PART-TIME PERFORMANCE GROUP HOUSED IN THE CITY'S CIVIC AUDITORIUM HAS TRANSFORMED INTO A WORLD-CLASS SYMPHONY ORCHESTRA WITH 60 FULL-TIME MUSICIANS AND 40 WEEKS OF PROGRAMMING. IN 1994, THE JACKSONVILLE COMMUNITY CAME TOGETHER TO RAISE FUNDS AND BUILD JACOBY SYMPHONY HALL IN DOWNTOWN JACKSONVILLE, FLORIDA AND OVER THE LAST 75 YEARS, THE JACKSONVILLE SYMPHONY HAS HOSTED SOME OF THE MOST RENOWNED ARTISTS OF THE MUSIC WORLD INCLUDING ISAAC STERN, BENNY GOODMAN, DUKE ELLINGTON, MARILYN HORNE, LUCIANO PAVAROTTI, ITZHAK PERLMAN, MSTISLAV ROSTOPOVICH, JOSHUA BELL, LANG LANG, AND RENE FLEMING.
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