Civic Intelligence

Imperial Symphony Orchestra Inc.

990 • Fiscal year 2018 • EIN 59-6177414

Jul 01, 2017 to Jun 30, 2018 • Filed on Jun 07, 2019

PO Box 2623Lakeland, FL 33806-2623

(863) 688-3743

Siviq Scores

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

Liabilities / Assets

70th percentile

0.16x

Higher debt load relative to assets than 70% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

75th percentile

0.19x

Higher debt load relative to revenue than 75% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

24th percentile

-7.5%

Higher net margin than 24% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

21st percentile

-7.9%

Faster asset growth than 21% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

35th percentile

-2.3%

Faster revenue growth than 35% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$593,229

Down $50,756 (-7.9%) from 2017

Net Assets

Down

$499,769

Down $35,977 (-6.7%) from 2017

Liabilities

Down

$93,460

Down $14,779 (-14%) from 2017

Revenue

Down

$500,958

Down $11,880 (-2.3%) from 2017

Expenses

Down

$538,627

Down $4,969 (-0.9%) from 2017

Net Income

Down

-$37,669

Down $6,911 (-22%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $431,773Liabilities 2010: $84,844Net Assets 2010: $346,9292010Assets 2011: $441,563Liabilities 2011: $81,259Net Assets 2011: $360,3042011Assets 2012: $442,957Liabilities 2012: $78,621Net Assets 2012: $364,3362012Assets 2013: $478,847Liabilities 2013: $73,713Net Assets 2013: $405,1342013Assets 2014: $552,373Liabilities 2014: $73,288Net Assets 2014: $479,0852014Assets 2015: $581,870Liabilities 2015: $90,394Net Assets 2015: $491,4762015Assets 2016: $602,820Liabilities 2016: $74,864Net Assets 2016: $527,9562016Assets 2017: $643,985Liabilities 2017: $108,239Net Assets 2017: $535,7462017Assets 2018: $593,229Liabilities 2018: $93,460Net Assets 2018: $499,7692018Assets 2019: $506,465Liabilities 2019: $72,919Net Assets 2019: $433,5462019Assets 2020: $533,566Liabilities 2020: $147,779Net Assets 2020: $385,7872020Assets 2022: $935,661Liabilities 2022: $53,024Net Assets 2022: $882,6372022

Highlighted filing

2018

Assets$593,229
Liabilities$93,460
Net Assets$499,769

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2010: $450,725Expenses 2010: $432,392Net Income 2010: $18,3332010Expenses 2011: $555,0172011Expenses 2012: $402,1392012Expenses 2013: $427,9152013Revenue 2014: $445,083Expenses 2014: $415,260Net Income 2014: $29,8232014Revenue 2015: $463,193Expenses 2015: $413,224Net Income 2015: $49,9692015Revenue 2016: $576,269Expenses 2016: $522,339Net Income 2016: $53,9302016Revenue 2017: $512,838Expenses 2017: $543,596Net Income 2017: -$30,7582017Revenue 2018: $500,958Expenses 2018: $538,627Net Income 2018: -$37,6692018Revenue 2019: $509,635Expenses 2019: $617,153Net Income 2019: -$107,5182019Revenue 2020: $420,467Expenses 2020: $469,949Net Income 2020: -$49,4822020Revenue 2022: $813,294Expenses 2022: $535,085Net Income 2022: $278,2092022

Highlighted filing

2018

Revenue$500,958
Expenses$538,627
Net Income-$37,669
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jun 7, 2019
Return Version
2017v2.3
Gross Receipts
$616,037
Mission and Program Overview

Mission

To cultivate an understanding of music

To cultivate an understanding of music.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$229,355$311,574▲ $82,219
Investments in Publicly Traded Securities$399,787$272,523▼ $127,264
Cash and Non-Interest-Bearing Accounts$5,037$4,817▼ $220
Accounts Receivable$3,600$3,000▼ $600
Land, Buildings, and Equipment, Net$943$791▼ $152
Savings and Temporary Cash Investments$4,807$68▼ $4,739
Total Assets$643,985$593,229▼ $50,756
Other Assets Total$456$456→ $0
Liabilities
Deferred Revenue$90,895$91,522▲ $627
Accounts Payable and Accrued Expenses$17,344$1,938▼ $15,406
Total Liabilities$108,239$93,460▼ $14,779
Net Assets / Fund Balance
Permanently Rstr Net Assets$471,816$460,748▼ $11,068
Unrestricted Net Assets$63,930$39,021▼ $24,909
Total Net Assets Fund Balance$535,746$499,769▼ $35,977
Total Liabilities and Net Assets / Fund Balance$643,985$593,229▼ $50,756

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$791$109,226$110,017
Other Securities$31,550--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$629,142$10,750▲ $49,990$100,000$584,097
2016$537,064$42,257▲ $70,284$15,000$629,142
2015$446,804$100,000▼ $4,967-$537,064
2014$430,526$9,886▲ $10,725-$446,804
2013$367,232-▲ $67,242-$430,526
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brad LunzPresident
Arietta TorresDirector
Dr Ed LammDirector
Karen KovachDirector
Kavita SoniDirector
Luisa HarrisonDirector
Matthew VaughnDirector
Maurice RaymondDirector
Meredith ProkuskiDirector
Rob HurlburtDirector
Kelly Aiken1st Vice Pre
Deedre Daniel2nd Vice Pre
Lu FitzwaterAdvisory Boa
Alyssia TottenSecretary
Todd BaylisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$288,393
Program Service Revenue
$142,484
Investment Income
$48,251
Other Revenue
$21,830
All Other Contributions
$288,393
Change in Net Assets
$-37,669
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$389,177
Salaries, Compensation, and Employee Benefits$149,450
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$282,610$7,985-$290,595
Other Salaries and Wages$32,445$41,500-$73,945
Current Officers, Directors, Trustees, and Key Employees-$62,000-$62,000
Advertising-$60,803-$60,803
Insurance-$15,786-$15,786
Payroll Taxes$2,482$7,918-$10,400
Fees for Services Accounting-$9,014-$9,014
Fees for Service Investment Mgmnt Fees-$4,923-$4,923
Pension Plan Contributions-$3,105-$3,105
Other Expenses-$795-$795
Depreciation Depletion$152--$152
Interest-$21-$21
Total Functional Expenses$317,689$220,938$0$538,627
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 11B

The cpa who prepares form 990 goes over the return with the entire board of directors and addresses questions and/or concerns. After which, the return is signed by the treasurer.

Form 990, Page 6, Part VI, Line 12C

The board of directors is required to review, sign and date a disclosure form annually to confirm that there are no conflicts of interest or to disclose any such violations of the policy.

Form 990, Page 6, Part VI, Line 19

The public may review the governing documents, conflict of interest policy and financial statements by calling (863)688-3743 and making an appointment during regular office hours, which are monday - friday 9:00 am - 5:00 pm excluding holidays.

Filing and Contact Details

Filer

Filer Name
The Imperial Symphony Orchestrainc
EIN
59-6177414
Phone
8636883743
Address
PO BOX 2623, LAKELAND, FL 33806-2623

Signing Officer

Name
Todd Baylis
Title
Treasurer
Phone
8636883743
Signed
2019-06-07

Organization Details

Principal Officer
Todd Baylis
Formed
1965
Legal Domicile
Fl
Voting Board Members
15
Independent Board Members
15
Employees
3
Volunteers
25

Preparer

Firm
Parrish & Parrish Cpas Pa
Address
6700 S FLORIDA AVE STE 19, LAKELAND, FL 33813-3311
Preparer
J Wade Parrish CPA
Phone
8637098337
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Concert expenses 99,669 0 0 telephone 0 2,350 0 artistic expenses 182,941 0 0 postage 0 1,469 0 office supplies 0 4,166 0 total 282,610 7,985 0

Financial Statement Notes

Schedule D, Page 4, Part XIII

1. The beth mason young artists endowment fund provides grants, scholarships and funding for the imperial symphony orchestra's "young artist program". 2. The other endowment fund is for support and operation of the imperial symphony orchestra.

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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt09886
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.36$0.53$8.83$8.13$5.35$2.78
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.34$1.48$3.86$4.20$4.70$0.49
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.06$0.73$4.34$5.10$6.17$1.08
2018Detailed filing. Detailed filing data is available for this year.$5.93$0.93$5.00$5.01$5.39$0.38
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.44$1.08$5.36$5.13$5.44$0.31
2016Detailed filing. Detailed filing data is available for this year.$6.03$0.75$5.28$5.76$5.22$0.54
2015Detailed filing. Detailed filing data is available for this year.$5.82$0.90$4.91$4.63$4.13$0.50
2014Detailed filing. Detailed filing data is available for this year.$5.52$0.73$4.79$4.45$4.15$0.30
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.79$0.74$4.05$4.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.43$0.79$3.64$4.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.42$0.81$3.60$5.55
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.32$0.85$3.47$4.51$4.32$0.18