Civic Intelligence

Shoals Symphony Orchestra

990 • Fiscal year 2023 • EIN 63-0911322

Jul 01, 2022 to Jun 30, 2023 • Filed on May 14, 2024

Organization ProfileSHOALSSYMPHONY.ORG
409 North Court Street Suite 100Florence, AL 35630

(256) 627-2630

Siviq Scores

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

Liabilities / Assets

80th percentile

0.10x

Higher debt load relative to assets than 80% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

78th percentile

0.05x

Higher debt load relative to revenue than 78% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

31st percentile

-6.6%

Higher net margin than 31% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

30th percentile

-12%

Faster asset growth than 30% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

67th percentile

23%

Faster revenue growth than 67% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$240,225

Down $31,387 (-12%) from 2022

Net Assets

Down

$217,363

Down $11,734 (-5.1%) from 2022

Liabilities

Down

$22,862

Down $19,653 (-46%) from 2022

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin31st percentile

Revenue

Up

$475,255

Up $88,449 (+23%) from 2022

Expenses

Up

$506,848

Up $197,729 (+64%) from 2022

Net Income

Down

-$31,593

Down $109,280 (-141%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$300K$200K$100K$0Assets 2011: $49,628Net Assets 2011: $49,6282011Assets 2012: $75,707Liabilities 2012: $02012Assets 2013: $78,146Net Assets 2013: $78,1462013Assets 2014: $81,408Liabilities 2014: $02014Assets 2015: $93,177Liabilities 2015: $02015Assets 2016: $85,009Liabilities 2016: $02016Assets 2017: $82,683Liabilities 2017: $02017Assets 2018: $100,619Liabilities 2018: $02018Assets 2019: $119,398Liabilities 2019: $0Net Assets 2019: $119,3982019Assets 2020: $210,429Liabilities 2020: $40,000Net Assets 2020: $170,4292020Assets 2021: $213,412Liabilities 2021: $41,683Net Assets 2021: $171,7292021Assets 2022: $271,612Liabilities 2022: $42,515Net Assets 2022: $229,0972022Assets 2023: $240,225Liabilities 2023: $22,862Net Assets 2023: $217,3632023Assets 2024: $163,223Liabilities 2024: $21,056Net Assets 2024: $142,1672024Assets 2025: $113,338Liabilities 2025: $20,793Net Assets 2025: $92,5452025

Highlighted filing

2023

Assets$240,225
Liabilities$22,862
Net Assets$217,363
Open 2023 Filing

Operations Trend

Revenue Growth67th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $46,032Expenses 2011: $47,655Net Income 2011: -$1,6232011Revenue 2012: $67,111Expenses 2012: $41,032Net Income 2012: $26,0792012Revenue 2013: $75,023Expenses 2013: $72,584Net Income 2013: $2,4392013Revenue 2014: $52,020Expenses 2014: $48,758Net Income 2014: $3,2622014Revenue 2015: $64,549Expenses 2015: $52,919Net Income 2015: $11,6302015Revenue 2016: $92,606Expenses 2016: $100,897Net Income 2016: -$8,2912016Revenue 2017: $118,453Expenses 2017: $125,147Net Income 2017: -$6,6942017Revenue 2018: $148,308Expenses 2018: $132,155Net Income 2018: $16,1532018Revenue 2019: $231,791Expenses 2019: $213,012Net Income 2019: $18,7792019Revenue 2020: $234,835Expenses 2020: $178,978Net Income 2020: $55,8572020Revenue 2021: $256,301Expenses 2021: $276,432Net Income 2021: -$20,1312021Revenue 2022: $386,806Expenses 2022: $309,119Net Income 2022: $77,6872022Revenue 2023: $475,255Expenses 2023: $506,848Net Income 2023: -$31,5932023Revenue 2024: $319,854Expenses 2024: $383,225Net Income 2024: -$63,3712024Revenue 2025: $346,155Expenses 2025: $395,777Net Income 2025: -$49,6222025

Highlighted filing

2023

Revenue$475,255
Expenses$506,848
Net Income-$31,593
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 14, 2024
Return Version
2022v5.0
Gross Receipts
$475,255
Mission and Program Overview

Mission

Shoals symphony orchestra performs concerts for the general public and students. The mission of shoals symphony orchestra is to enhance the cultural life of all residents of the shoals area of northwest alabama and southern tennessee through musical performances and educational programs.

To enhance the cultural life of all residents in the shoals area of northwest alabama through musical performances and educational programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$146,158$126,895▼ $19,263
Cash and Non-Interest-Bearing Accounts$125,454$73,403▼ $52,051
Savings and Temporary Cash Investments-$39,927-
Total Assets$271,612$240,225▼ $31,387
Liabilities
Unsecured Notes Loans Payable$40,135$18,863▼ $21,272
Other Liabilities-$3,999-
Accounts Payable and Accrued Expenses$2,380--
Total Liabilities$42,515$22,862▼ $19,653
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$229,097$217,363▼ $11,734
Total Net Assets Fund Balance$229,097$217,363▼ $11,734
Total Liabilities and Net Assets / Fund Balance$271,612$240,225▼ $31,387
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Richard SmithPresident
Marie FieldsSecretary
David BlackTreasurer
Brad ClasgensVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$186,461
Program Service Revenue
$287,609
Investment Income
$1,185
Other Revenue
$0
All Other Contributions
$129,053
Change in Net Assets
$-31,593
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$420,551
Salaries, Compensation, and Employee Benefits$86,297
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$101,873--$101,873
Other Salaries and Wages$80,921--$80,921
Other Expenses$29,000--$29,000
Occupancy$13,226--$13,226
Other Employee Benefits$5,376--$5,376
Conferences and Meetings$3,762--$3,762
Insurance$2,461--$2,461
Advertising$2,082--$2,082
Office Expenses$2,052--$2,052
Fees for Services Accounting$1,766--$1,766
Interest$780--$780
Total Functional Expenses$506,848$0$0$506,848
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Tax Liabilities$3,999
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
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

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Shoals Symphony Orchestra
EIN
63-0911322
Phone
2566272630
Address
409 NORTH COURT STREET SUITE 100, FLORENCE, AL 35630
Doing Business As
Shoals Symphony at Una

Signing Officer

Name
David Black
Title
Treasurer
Phone
2566272630
Signed
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Black
Formed
1985
Legal Domicile
Al
Voting Board Members
18
Independent Board Members
18
Employees
3
Volunteers
30

Preparer

Firm
Patterson Prince and Associates Pc
Address
475 S SEMINARY STREET, FLORENCE, AL 35630
Preparer
Joshua H Russell CPA
Phone
2567668915
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Shoals symphony orchestra performs concerts for the general public and students. The mission of shoals symphony orchestra is to enhance the cultural life of all residents of the shoals area of northwest alabama and southern tennessee through musical performances and educational programs.”

Form 990, Part IX, Line 24E

“Lodging exp 18,332 0 0 ticket processing fees 16,534 0 0 credit card fees 11,421 0 0 fundraising expenses 11,156 0 0 production & other exp 10,532 0 0 rep orch personnel 7,750 0 0 guest performers 5,800 0 0 conductor's circle 4,799 0 0 music purchase 3,422 0 0 core musicians 3,130 0 0 travel 2,233 0 0 misc operating exp 1,899 0 0 ascap license fees 1,215 0 0 league of am orch/chamber 999 0 0 program notes 1-6 855 0 0 first friday music 450 0 0 concession supplies 425 0 0 string retreat 303 0 0 solo competition exp 229 0 0 signage 113 0 0 music purchase 96 0 0 adv promo 91 0 0 repertory orchestra 44 0 0 comm string project 40 0 0 adv promo 5 0 0 total 101,873 0 0”

Form 990, Part XI, Line 9

“Market adjustments 19,859 fmv adjustment (non cash adjustment) of investment balances”

Raw XML Appendix325 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SHOALS SYMPHONY ORCHESTRA PERFORMS CONCERTS FOR THE GENERAL PUBLIC AND STUDENTS. THE MISSION OF SHOALS SYMPHONY ORCHESTRA IS TO ENHANCE THE CULTURAL LIFE OF ALL RESIDENTS OF THE SHOALS AREA OF NORTHWEST ALABAMA AND SOUTHERN TENNESSEE THROUGH MUSICAL PERFORMANCES AND EDUCATIONAL PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LODGING EXP 18,332 0 0 TICKET PROCESSING FEES 16,534 0 0 CREDIT CARD FEES 11,421 0 0 FUNDRAISING EXPENSES 11,156 0 0 PRODUCTION & OTHER EXP 10,532 0 0 REP ORCH PERSONNEL 7,750 0 0 GUEST PERFORMERS 5,800 0 0 CONDUCTOR'S CIRCLE 4,799 0 0 MUSIC PURCHASE 3,422 0 0 CORE MUSICIANS 3,130 0 0 TRAVEL 2,233 0 0 MISC OPERATING EXP 1,899 0 0 ASCAP LICENSE FEES 1,215 0 0 LEAGUE OF AM ORCH/CHAMBER 999 0 0 PROGRAM NOTES 1-6 855 0 0 FIRST FRIDAY MUSIC 450 0 0 CONCESSION SUPPLIES 425 0 0 STRING RETREAT 303 0 0 SOLO COMPETITION EXP 229 0 0 SIGNAGE 113 0 0 MUSIC PURCHASE 96 0 0 ADV PROMO 91 0 0 REPERTORY ORCHESTRA 44 0 0 COMM STRING PROJECT 40 0 0 ADV PROMO 5 0 0 TOTAL 101,873 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MARKET ADJUSTMENTS 19,859 FMV ADJUSTMENT (NON CASH ADJUSTMENT) OF INVESTMENT BALANCES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0271612
IRS990/TotalAssetsEOYAmt0240225
IRS990/TotalAssetsGrp/BOYAmt0271612
IRS990/TotalAssetsGrp/EOYAmt0240225
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0186461
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0506848
IRS990/TotalFunctionalExpensesGrp/TotalAmt0506848
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt042515
IRS990/TotalLiabilitiesEOYAmt022862
IRS990/TotalLiabilitiesGrp/BOYAmt042515
IRS990/TotalLiabilitiesGrp/EOYAmt022862
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0229097
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0217363
IRS990/TotalProgramServiceExpensesAmt0506848
IRS990/TotalProgramServiceRevenueAmt0287609
IRS990/TotalRevenueGrp/ExclusionAmt01185
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0287609
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0475255
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0271612
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0240225
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt040135
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt018863
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0409 N COURT ST SUITE 100
IRS990/USAddress/CityNm0FLORENCE
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd035630
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IRS990/VotingMembersIndependentCnt018
IRS990/WebsiteAddressTxt0HTTPS://SHOALSSYMPHONY.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID BLACK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02566272630
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHOALS SYMPHONY ORCHESTRA
ReturnHeader/Filer/BusinessNameControlTxt0SHOA
ReturnHeader/Filer/EIN0630911322
ReturnHeader/Filer/PhoneNum02566272630
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PATTERSON PRINCE AND ASSOCIATES PC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FLORENCE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd035630
ReturnHeader/PreparerPersonGrp/PhoneNum02567668915
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSHUA H RUSSELL CPA
ReturnHeader/ReturnTs02024-09-11T14:40:20-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$240,225
Liabilities
$22,862
Net assets
$217,363
Revenue
$475,255
Expenses
$506,848
Net income
-$31,593
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.13$0.21$0.93$3.46$3.96$0.50
2024Detailed filing. Detailed filing data is available for this year.$1.63$0.21$1.42$3.20$3.83$0.63
2023Detailed filing. Detailed filing data is available for this year.$2.40$0.23$2.17$4.75$5.07$0.32
2022Detailed filing. Detailed filing data is available for this year.$2.72$0.43$2.29$3.87$3.09$0.78
2021Detailed filing. Detailed filing data is available for this year.$2.13$0.42$1.72$2.56$2.76$0.20
2020Summary only. Only limited summary data is available for this year.$2.10$0.40$1.70$2.35$1.79$0.56
2019Summary only. Only limited summary data is available for this year.$1.19$0.00$1.19$2.32$2.13$0.19
2018Summary only. Only limited summary data is available for this year.$1.01$0.00$1.48$1.32$0.16
2017Summary only. Only limited summary data is available for this year.$0.83$0.00$1.18$1.25$0.07
2016Summary only. Only limited summary data is available for this year.$0.85$0.00$0.93$1.01$0.08
2015Summary only. Only limited summary data is available for this year.$0.93$0.00$0.65$0.53$0.12
2014Summary only. Only limited summary data is available for this year.$0.81$0.00$0.52$0.49$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.78$0.75$0.73$0.02
2012Summary only. Only limited summary data is available for this year.$0.76$0.00$0.67$0.41$0.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.50$0.46$0.48$0.02