Civic Intelligence

New Century Chamber Orchestra

990 • Fiscal year 2021 • EIN 68-0263473

Sep 01, 2020 to Aug 31, 2021 • Filed on Jan 12, 2022

1668 Bush StreetSan Francisco, CA 94109

(415) 357-1111

Siviq Scores

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

Liabilities / Assets

69th percentile

0.22x

Higher debt load relative to assets than 69% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

61st percentile

0.16x

Higher debt load relative to revenue than 61% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

43rd percentile

8.8%

Higher net margin than 43% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

64th percentile

17%

Faster asset growth than 64% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

62nd percentile

24%

Faster revenue growth than 62% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,256,570

Up $183,886 (+17%) from 2020

Net Assets

Up

$980,209

Up $147,171 (+18%) from 2020

Liabilities

Up

$276,361

Up $36,715 (+15%) from 2020

Revenue

Up

$1,675,096

Up $319,306 (+24%) from 2020

Expenses

Up

$1,527,925

Up $56,516 (+3.8%) from 2020

Net Income

Up

$147,171

Up $262,790 (+227%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $693,472Liabilities 2011: $89,381Net Assets 2011: $604,0912011Assets 2012: $679,645Liabilities 2012: $109,125Net Assets 2012: $570,5202012Assets 2013: $508,241Liabilities 2013: $93,004Net Assets 2013: $415,2372013Assets 2014: $544,243Liabilities 2014: $95,357Net Assets 2014: $448,8862014Assets 2015: $674,081Liabilities 2015: $94,718Net Assets 2015: $579,3632015Assets 2016: $675,888Liabilities 2016: $124,582Net Assets 2016: $551,3062016Assets 2017: $896,521Liabilities 2017: $95,795Net Assets 2017: $800,7262017Assets 2018: $890,243Liabilities 2018: $93,635Net Assets 2018: $796,6082018Assets 2019: $1,128,449Liabilities 2019: $182,996Net Assets 2019: $945,4532019Assets 2020: $1,072,684Liabilities 2020: $239,646Net Assets 2020: $833,0382020Assets 2021: $1,256,570Liabilities 2021: $276,361Net Assets 2021: $980,2092021Assets 2022: $1,423,790Liabilities 2022: $330,070Net Assets 2022: $1,093,7202022Assets 2023: $815,061Liabilities 2023: $281,690Net Assets 2023: $533,3712023Assets 2024: $544,678Liabilities 2024: $210,957Net Assets 2024: $333,7212024

Highlighted filing

2021

Assets$1,256,570
Liabilities$276,361
Net Assets$980,209

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,480,831Expenses 2011: $1,398,275Net Income 2011: $82,5562011Revenue 2012: $1,441,635Expenses 2012: $1,451,667Net Income 2012: -$10,0322012Expenses 2013: $1,692,0662013Revenue 2014: $1,353,294Expenses 2014: $1,298,752Net Income 2014: $54,5422014Revenue 2015: $1,340,697Expenses 2015: $1,210,220Net Income 2015: $130,4772015Revenue 2016: $1,195,677Expenses 2016: $1,223,734Net Income 2016: -$28,0572016Revenue 2017: $1,551,957Expenses 2017: $1,332,611Net Income 2017: $219,3462017Revenue 2018: $1,268,430Expenses 2018: $1,272,548Net Income 2018: -$4,1182018Revenue 2019: $1,694,804Expenses 2019: $1,542,755Net Income 2019: $152,0492019Revenue 2020: $1,355,790Expenses 2020: $1,471,409Net Income 2020: -$115,6192020Revenue 2021: $1,675,096Expenses 2021: $1,527,925Net Income 2021: $147,1712021Revenue 2022: $1,728,312Expenses 2022: $1,587,459Net Income 2022: $140,8532022Revenue 2023: $1,681,668Expenses 2023: $2,259,034Net Income 2023: -$577,3662023Revenue 2024: $1,520,502Expenses 2024: $1,736,285Net Income 2024: -$215,7832024

Highlighted filing

2021

Revenue$1,675,096
Expenses$1,527,925
Net Income$147,171
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jan 12, 2022
Return Version
2020v4.0
Gross Receipts
$1,710,877
Mission and Program Overview

Mission

The New Century Chamber Orchestra, a virtuoso, conductorless string ensemble founded in 1992, presents performances of extraordinary quality in the San Francisco Bay Area with a commitment to innovation, education, and accessibility.

New Century is driven by its mission to be a virtuoso, conductorless ensemble that creates -- through performance, education, and accessibility -- a personal connection that conveys the passion and joy of the music directly to its listeners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$512,131$731,033▲ $218,902
Cash and Non-Interest-Bearing Accounts$268,309$352,749▲ $84,440
Pledges and Grants Receivable$225,418$110,937▼ $114,481
Prepaid Expenses and Deferred Charges$17,737$43,336▲ $25,599
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,072,684$1,256,570▲ $183,886
Other Assets Total$49,089$18,515▼ $30,574
Liabilities
Other Liabilities$223,636$207,976▼ $15,660
Accounts Payable and Accrued Expenses$10,228$40,349▲ $30,121
Deferred Revenue$5,782$28,036▲ $22,254
Total Liabilities$239,646$276,361▲ $36,715
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$495,342$715,513▲ $220,171
Net Assets With Donor Restrictions$337,696$264,696▼ $73,000
Total Net Assets Fund Balance$833,038$980,209▲ $147,171
Total Liabilities and Net Assets / Fund Balance$1,072,684$1,256,570▲ $183,886

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$29,457-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard LonsdorfExec DirectorFT$75,485$2,518$78,003
Jenny ChisholmDirector of FinancePT$56,333$1,127$57,460

Board Members and Trustees

NameTitle
Mark SalkindPresident
Lucinda Lee KatzVice President
Alisa WonDirector
Caroline WoodDirector
Jefferson HanDirector
John GambsDirector
Mary HardenDirector
Patricia De LucaDirector
Paula GambsDirector
Shira Lee KatzDirector
Sue LarsonDirector
Susan S BlakeDirector
Joel KaufmannSecretary
Carolyn SpitzTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Daniel HopeMusic DirectorKurfuestendamm 193K, Berlin, Gm$172,613
Revenue and Support

Revenue Composition

Contributions and Grants
$1,663,295
Program Service Revenue
$3,590
Investment Income
$187
Other Revenue
$8,024
All Other Contributions
$1,207,809
Change in Net Assets
$147,171

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 Publicly Traded2$49,895Fair Market Value (FMV)
Total Noncash Contributions2$49,895-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,675,096
Total Revenue per Audited Statements
$1,675,096
Total Revenue per Form 990
$1,675,096
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$837,075
Salaries, Compensation, and Employee Benefits$690,850
Total Fundraising Expense$173,575
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$240,322$10,735$99,853$350,910
Current Officers, Directors, Trustees, and Key Employees$138,150$63,486$27,629$229,265
Occupancy$48,060$9,425$16,188$73,673
Other Employee Benefits$46,342$5,757$9,883$61,982
Payroll Taxes$33,737$5,504$9,452$48,693
Fees for Services Other$40,425--$40,425
Advertising$17,339--$17,339
Fees for Services Accounting-$15,752-$15,752
Information Technology$7,219$1,416$2,432$11,067
Insurance$4,671$916$1,573$7,160
Other Expenses$7,182$7,157$2,419$7,157
Fees for Services Legal-$7,069-$7,069
All Other Expenses$496$352$4,146$4,994
Office Expenses-$4,664-$4,664
Total Functional Expenses$1,220,709$133,641$173,575$1,527,925

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,527,925
Total Expenses per Audited Statements$1,527,925
Total Expenses per Form 990$1,527,925
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$42,937
Fundraising Direct Expenses$35,781
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$174,190$42,937$12,951$29,986
Total Events$174,190$42,937$35,781$7,156
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-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable advances$170,497
Lease payable$18,992
Accrued payroll liabilities$18,487
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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

John and Paula Gambs are husband and wife; Lucinda Lee Katz and Shira Lee Katz are mother and daughter;Susan S. Blake and Joel Kaufmann are husband and wife

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is prepared by an outside tax professional. The form is then reviewed bythe organization's management team. After a full review, the final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final form 990 which is then e-filed with the internal revenue service.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Members of the board of directors review all potential conflicts of interest periodically. All personnel and board members are required to disclose potential conflicts and any related party affiliations. The organization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Members of the board of directors review the compensation of all high-level personnel periodically in accordance with irs rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with irs guidelines and the organization's policies and procedures.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation of other high-level personnel is reviewed periodically by members of management. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries and all related benefits. All decisions are then documented in personnel files.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All of the organization's governing documents, financial statements and other legalfilings are maintained in a secure environment and held available for inspection bytax authorities and the general public. Tax returns are posted annually towww.guidestar.org (where they are available for viewing as electronic copies) and are also available by request from the organization's office in san francisco, california.

Filing and Contact Details

Filer

Filer Name
New Century Chamber Orchestra
EIN
68-0263473
Phone
4153571111
Address
1668 Bush Street, SAN FRANCISCO, CA 94109

Signing Officer

Name
Richard Lonsdorf
Title
Executive Director
Phone
4152549511
Signed
2022-01-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Lonsdorf
Formed
1992
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
14
Employees
18
Volunteers
25

Preparer

Firm
Regalia & Associates Cpas
Address
103 TOWN COUNTRY DR STE K, DANVILLE, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: [Continued from 990 page 2]was released in May 2012, and weaves together documentary footage and a live tour concert from a February 2011 performance at the Broad Stage in Santa Monica. The DVD was filmed by Paola di Florio, director of the 1999 Academy Award-nominated film Speaking in Strings.Other recordings include a 1996 collaborative project with Kent Nagano and Berkeley Symphony Orchestra featuring the work of 20th century Swiss composer Frank Martin, and Written With the Hearts Blood, a 1997 Grammy Award finalist, both on the New Albion label. In 1998 the orchestra recorded and released works of Argentine composers Alberto Williams and Alberto Ginastera on the dNote label, and, in 2004, the orchestra recorded and released Oculus, a CD of Kurt Rohdes compositions on the Mondovibe label. All of the recordings have been distributed both in the United States and internationally.

Financial Statement Notes

Part X : FIN48 Footnote

Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, NCCO is required to report information regarding its exposure to various tax positions taken by NCCO and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that NCCO has adequately evaluated its current tax positions and has concluded that as of August 31, 2021, NCCO does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.NCCO has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. The exemptions are subject to periodic review by the federal and state taxing authorities and management is confident that NCCO continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. NCCO may periodically receive unrelated business income requiring NCCO to file separate tax returns under federal and state statutes. Under such conditions, NCCO will calculate, accrue and remit the applicable taxes.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0Exec Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Dir. of Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt2President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
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IRS990/MissionDesc0New Century is driven by its mission to be a virtuoso, conductorless ensemble that creates -- through performance, education, and accessibility -- a personal connection that conveys the passion and joy of the music directly to its listeners.
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IRS990/ProgSrvcAccomActy2Grp/Desc0One of only a handful of conductorless chamber ensembles in the world, New Century Chamber Orchestra was founded in 1992 and includes 19 string players from the San Francisco Bay Area as well throughout the United States. Musical decisions are made collaboratively, resulting in an enhanced level of commitment from the musicians and concerts of remarkable precision, passion, and power. In the 2017-2018 season, British violinist Daniel Hope served as the ensembles Artistic Partner and concertmaster and was appointed beginning in the 2018-2019 season as the ensembles Music Director, bringing a new era of vibrancy and leadership. Previous music directors of the ensemble include Nadja Salerno-Sonnenberg (2008-2017), Krista Bennion Feeney (1999-2006) and Stuart Canin (1992-1999).In addition to performing beloved masterworks from the chamber orchestra repertoire,
IRS990/ProgSrvcAccomActy3Grp/Desc0and Philharmonie Essen. Critically acclaimed recordings include From A to Z: 21st Century Concertos (May 2014), LIVE: Barber, Strauss, Mahler (November 2010) and Together (August 2009).The orchestra has released seven compact discs. The most recent,From A to Z: 21st Century Concertos, is a compilation of four of New Centurys live world premiere performances of its newly commissioned works by William Bolcom, Ellen Taaffe Zwilich, Clarice Assad and Michael Daugherty. The recording was released in May 2014 on the NSS Music label.Two additional albums were released on the NSS Music label,LIVE: Barber, Strauss, Mahler, released in November 2010, and Together, released in August 2009. The Orchestras first concert DVD,On Our Way, [continued on Schedule O]
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.21$0.33$1.52$1.74$0.22
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$0.28$0.53$1.68$2.26$0.58
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$0.33$1.09$1.73$1.59$0.14
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.28$0.98$1.68$1.53$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.07$0.24$0.83$1.36$1.47$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.13$0.18$0.95$1.69$1.54$0.15
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.09$0.80$1.27$1.27$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.10$0.80$1.55$1.33$0.22
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.12$0.55$1.20$1.22$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.67$0.09$0.58$1.34$1.21$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.54$0.10$0.45$1.35$1.30$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.09$0.42$1.69
2012Summary only. Only limited summary data is available for this year.$0.68$0.11$0.57$1.44$1.45$0.01
2011Summary only. Only limited summary data is available for this year.$0.69$0.09$0.60$1.48$1.40$0.08