Civic Intelligence

Shreveport Symphony Inc

EIN 72-6001334 • 501(c)3 • Shreveport, LA

Profile

The mission of the shreveport symphony, inc. Is to provide classical music to northwest louisiana communities.the symphony offers diverse programs representing the community it serves in a series of 8 subscription concerts and 4 chamber music concerts. It also provides many in-depth programs for elementary students in the region, including concerts in the schools and larger format concerts at central locations. The shreveport symphony broadcasts its master series and other select concerts on public radio via the red river radio network.

P O Box 205Shreveport, LA 71162

www.shreveportsymphony.com

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.15x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

54th percentile

0.10x

Higher debt load relative to revenue than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

38th percentile

-0.2%

Higher net margin than 38% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

56th percentile

$0

Higher top officer pay than 56% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

50th percentile

3.8%

Faster asset growth than 50% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

16th percentile

-18%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$1,791,458

Up $885,857 (+98%) from 2023

Liabilities

Up

$1,038,150

Up $903,481 (+671%) from 2023

Net Assets

Down

$753,308

Down $17,624 (-2.3%) from 2023

Operations
Liabilities / Revenue54th percentileNet Margin38th percentile

Revenue

Down

$1,327,905

Down $14,638 (-1.1%) from 2023

Expenses

Up

$1,370,573

Up $25,763 (+1.9%) from 2023

Net Income

Down

-$42,668

Down $40,401 (-1782%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth50th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2011: $678,283Liabilities 2011: $184,166Net Assets 2011: $494,1172011Assets 2012: $588,240Liabilities 2012: $318,231Net Assets 2012: $270,0092012Assets 2013: $281,256Liabilities 2013: $331,409Net Assets 2013: -$50,1532013Assets 2014: $268,876Liabilities 2014: $300,582Net Assets 2014: -$31,7062014Assets 2015: $288,957Liabilities 2015: $287,653Net Assets 2015: $1,3042015Assets 2016: $305,441Liabilities 2016: $280,803Net Assets 2016: $24,6382016Assets 2017: $521,367Liabilities 2017: $271,585Net Assets 2017: $249,7822017Assets 2018: $522,689Liabilities 2018: $248,744Net Assets 2018: $273,9452018Assets 2019: $542,055Liabilities 2019: $292,374Net Assets 2019: $249,6812019Assets 2020: $580,674Liabilities 2020: $267,909Net Assets 2020: $312,7652020Assets 2021: $549,820Liabilities 2021: $177,494Net Assets 2021: $372,3262021Assets 2022: $872,720Liabilities 2022: $114,328Net Assets 2022: $758,3922022Assets 2023: $905,601Liabilities 2023: $134,669Net Assets 2023: $770,9322023Assets 2024: $1,791,458Liabilities 2024: $1,038,150Net Assets 2024: $753,3082024

Highlighted filing

2024

Assets$1,791,458
Liabilities$1,038,150
Net Assets$753,308
Open 2024 Filing

Operations Trend

Revenue Growth16th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $208,535Expenses 2011: $143,010Net Income 2011: $65,5252011Revenue 2012: $919,409Expenses 2012: $950,187Net Income 2012: -$30,7782012Expenses 2013: $1,150,0342013Revenue 2014: $1,203,949Expenses 2014: $1,207,744Net Income 2014: -$3,7952014Revenue 2015: $1,350,842Expenses 2015: $1,317,832Net Income 2015: $33,0102015Revenue 2016: $1,331,442Expenses 2016: $1,330,508Net Income 2016: $9342016Revenue 2017: $1,482,620Expenses 2017: $1,312,524Net Income 2017: $170,0962017Revenue 2018: $1,321,759Expenses 2018: $1,332,010Net Income 2018: -$10,2512018Revenue 2019: $1,249,425Expenses 2019: $1,282,521Net Income 2019: -$33,0962019Revenue 2020: $1,226,816Expenses 2020: $1,176,481Net Income 2020: $50,3352020Revenue 2021: $955,967Expenses 2021: $952,697Net Income 2021: $3,2702021Revenue 2022: $1,629,623Expenses 2022: $1,222,754Net Income 2022: $406,8692022Revenue 2023: $1,342,543Expenses 2023: $1,344,810Net Income 2023: -$2,2672023Revenue 2024: $1,327,905Expenses 2024: $1,370,573Net Income 2024: -$42,6682024

Highlighted filing

2024

Revenue$1,327,905
Expenses$1,370,573
Net Income-$42,668
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,791,458
Liabilities
$1,038,150
Net assets
$753,308
Revenue
$1,327,905
Expenses
$1,370,573
Net income
-$42,668
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.79$1.04$0.75$1.33$1.37$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.91$0.13$0.77$1.34$1.34$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.87$0.11$0.76$1.63$1.22$0.41
2021Detailed filing. Detailed filing data is available for this year.$0.55$0.18$0.37$0.96$0.95$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.58$0.27$0.31$1.23$1.18$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.54$0.29$0.25$1.25$1.28$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.52$0.25$0.27$1.32$1.33$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.52$0.27$0.25$1.48$1.31$0.17
2016Detailed filing. Detailed filing data is available for this year.$0.31$0.28$0.02$1.33$1.33$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.29$0.29$0.00$1.35$1.32$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.27$0.30$0.03$1.20$1.21$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.33$0.05$1.15
2012Summary only. Only limited summary data is available for this year.$0.59$0.32$0.27$0.92$0.95$0.03
2011Summary only. Only limited summary data is available for this year.$0.68$0.18$0.49$0.21$0.14$0.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 5, 2025
Return Version
2023v6.0
Gross Receipts
$1,327,905
Mission and Program Overview

Mission

The mission of the shreveport symphony, inc. Is to provide classical music to northwest louisiana communities.the symphony offers diverse programs representing the community it serves in a series of six master works concerts. It also provides many in-depth programs for elementary students in the region, including concerts in the schools and larger format concerts at central locations. The shreveport symphony broadcasts its master series and other select concerts on public radio via the red river radio network.

The mission of the shreveport symphony, inc. Is to provide classical music to northwest louisiana communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$491,188$1,235,153▲ $743,965
Savings and Temporary Cash Investments$7,966$135,434▲ $127,468
Land, Buildings, and Equipment, Net$40,999$31,174▼ $9,825
Accounts Receivable$2,110$9,575▲ $7,465
Prepaid Expenses and Deferred Charges$13,609$7,514▼ $6,095
Total Assets$905,601$1,791,458▲ $885,857
Other Assets Total$349,729$372,608▲ $22,879
Liabilities
Other Liabilities$5,000$912,700▲ $907,700
Deferred Revenue$128,309$104,470▼ $23,839
Accounts Payable and Accrued Expenses$1,360$20,980▲ $19,620
Total Liabilities$134,669$1,038,150▲ $903,481
Net Assets / Fund Balance
Net Assets With Donor Restrictions$344,729$559,624▲ $214,895
Net Assets Without Donor Restrictions$426,203$193,684▼ $232,519
Total Net Assets Fund Balance$770,932$753,308▼ $17,624
Total Liabilities and Net Assets / Fund Balance$905,601$1,791,458▲ $885,857

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$18,168$106,829$124,997
Buildings$13,006$3,252$16,258
Other Assets Org$372,608--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$349,729$0▲ $36,857-$372,608
2022$238,373$101,095▲ $22,525-$349,729
2021$261,393-▼ $11,288-$238,373
2020$221,580-▲ $59,610-$261,393
2019$227,839-▼ $4,075-$221,580
Compensation and Service Providers
Top Officer Pay56th percentile

Board Members and Trustees

NameTitle
Charlton Lyons IvImmediate Past President
Leigh Anne ChambersPresident
Jazmin JerniganVice President
Jerard MartinVice President
Chris FarrellDirector
Connor PetersonDirector
Dalila SalazarDirector
Holly RocaDirector
Joe RiceDirector
John Paul YoungDirector
Knox GoodmanDirector
Lorraine KrajewskiDirector
Nell SheheeDirector
Rebecca RadfordDirector
Robert CrawfordDirector
Sherry PendleyDirector
Stanley HancockDirector
Wendell RileyDirector
William SaleDirector
Laura MclemoreSecretary
Jennifer ElliottTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$810,181
Program Service Revenue
$481,741
Investment Income
$21,610
Other Revenue
$14,373
All Other Contributions
$538,456
Change in Net Assets
$-42,668
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$955,356
Other Expenses$415,217
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$683,223$272,133-$955,356
Travel$88,736$7,849-$96,585
Advertising-$59,534-$59,534
Fees for Services Other-$36,052-$36,052
Other Expenses$2,658$12,072-$14,730
Office Expenses$7,513$4,793-$12,306
Insurance-$12,209-$12,209
Depreciation Depletion$4,636$5,189-$9,825
Occupancy-$9,167-$9,167
All Other Expenses-$7,409-$7,409
Total Functional Expenses$931,702$438,871$0$1,370,573
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
Intercompany Payable$912,700
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
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, Part VI, Section B, Line 11B

“The form 990 is reviewed by the executive director and the treasurer prior to filing with the irs. A copy of the form 990 is available to all board members for their review.”

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

“The board of directors regularly monitors and enforces compliance with the conflict of interest policy by reviewing the operations of the organization on a regular basis.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
Shreveport Symphony Inc
EIN
72-6001334
Phone
3182227496
Address
P O BOX 205, SHREVEPORT, LA 71162

Signing Officer

Name
Morgan Walker
Title
Executive Director
Phone
3182227496
Signed
2025-03-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Morgan Walker
Formed
1948
Legal Domicile
La
Voting Board Members
21
Independent Board Members
21
Employees
175
Volunteers
0

Preparer

Firm
Cri Advisors LLC
Address
1000 E PRESTON AVE STE 200, SHREVEPORT, LA 71105
Preparer
Jed B Rimmer
Phone
3182222222
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The board of directors assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“Under section 501(c)(3) of the internal revenue code and the applicable income tax regulations of the state of louisiana, the shreveport symphony and the foundation are exempt from income taxes, except from unrelated business income. There were no unrelated business activities for the year ended june 30, 2024; accordingly, no tax expense was incurred for the year ended june 30, 2024. The symphony utilizes the accounting requirements associated with uncertainty in income taxes using the provisions of fasb asc 740, income taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more-likely-than-not the positions will be sustained upon examination by the tax authorities. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of june 30, 2024, the symphony has no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements.”

Raw XML AppendixShowing 400 of 589 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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IRS990/Form990PartVIISectionAGrp/PersonNm20JOHN PAUL YOUNG
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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IRS990/MissionDesc0THE MISSION OF THE SHREVEPORT SYMPHONY, INC. IS TO PROVIDE CLASSICAL MUSIC TO NORTHWEST LOUISIANA COMMUNITIES.THE SYMPHONY OFFERS DIVERSE PROGRAMS REPRESENTING THE COMMUNITY IT SERVES IN A SERIES OF 8 SUBSCRIPTION CONCERTS AND 4 CHAMBER MUSIC CONCERTS. IT ALSO PROVIDES MANY IN-DEPTH PROGRAMS FOR ELEMENTARY STUDENTS IN THE REGION, INCLUDING CONCERTS IN THE SCHOOLS AND LARGER FORMAT CONCERTS AT CENTRAL LOCATIONS. THE SHREVEPORT SYMPHONY BROADCASTS ITS MASTER SERIES AND OTHER SELECT CONCERTS ON PUBLIC RADIO VIA THE RED RIVER RADIO NETWORK.
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