Civic Intelligence

Houston Symphony Society

990 • Fiscal year 2017 • EIN 74-1157373

Jun 01, 2016 to May 31, 2017 • Filed on Apr 17, 2018

615 Louisiana StHouston, TX 77002

(713) 224-4240

Siviq Scores

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

Liabilities / Assets

99th percentile

2.05x

Higher debt load relative to assets than 99% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

73rd percentile

0.81x

Higher debt load relative to revenue than 73% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

18th percentile

-5.9%

Higher net margin than 18% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

85th percentile

$535,193

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

61st percentile

7.9%

Faster asset growth than 61% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

62nd percentile

9.4%

Faster revenue growth than 62% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Assets

Up

$12,498,458

Up $917,753 (+7.9%) from 2016

Net Assets

Down

-$13,180,199

Down $357,033 (-2.8%) from 2016

Liabilities

Up

$25,678,657

Up $1,274,786 (+5.2%) from 2016

Revenue

Up

$31,578,252

Up $2,714,186 (+9.4%) from 2016

Expenses

Up

$33,430,280

Up $1,929,889 (+6.1%) from 2016

Net Income

Up

-$1,852,028

Up $784,297 (+30%) from 2016

Historical Trend

Balance Sheet Trend

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

$40M$20M$0-$20M-$40MAssets 2010: $3,663,914Liabilities 2010: $20,582,229Net Assets 2010: -$16,918,3152010Assets 2011: $6,106,674Liabilities 2011: $21,170,737Net Assets 2011: -$15,064,0632011Assets 2012: $5,570,509Liabilities 2012: $22,954,855Net Assets 2012: -$17,384,3462012Assets 2013: $11,093,981Liabilities 2013: $20,182,728Net Assets 2013: -$9,088,7472013Assets 2014: $10,731,054Liabilities 2014: $19,551,727Net Assets 2014: -$8,820,6732014Assets 2015: $13,216,987Liabilities 2015: $21,812,535Net Assets 2015: -$8,595,5482015Assets 2016: $11,580,705Liabilities 2016: $24,403,871Net Assets 2016: -$12,823,1662016Assets 2017: $12,498,458Liabilities 2017: $25,678,657Net Assets 2017: -$13,180,1992017Assets 2018: $10,401,080Liabilities 2018: $27,902,311Net Assets 2018: -$17,501,2312018Assets 2019: $8,399,635Liabilities 2019: $29,943,902Net Assets 2019: -$21,544,2672019Assets 2020: $7,424,701Liabilities 2020: $33,474,197Net Assets 2020: -$26,049,4962020Assets 2021: $6,681,545Liabilities 2021: $22,850,463Net Assets 2021: -$16,168,9182021Assets 2022: $6,917,238Liabilities 2022: $17,391,900Net Assets 2022: -$10,474,6622022Assets 2023: $7,742,932Liabilities 2023: $19,761,307Net Assets 2023: -$12,018,3752023Assets 2024: $13,065,626Liabilities 2024: $23,244,408Net Assets 2024: -$10,178,7822024

Highlighted filing

2017

Assets$12,498,458
Liabilities$25,678,657
Net Assets-$13,180,199

Operations Trend

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

$40M$20M$0-$20MExpenses 2010: $24,430,3682010Expenses 2011: $24,620,7932011Expenses 2012: $25,817,0592012Expenses 2013: $27,082,2912013Revenue 2014: $27,726,004Expenses 2014: $29,399,965Net Income 2014: -$1,673,9612014Revenue 2015: $32,236,402Expenses 2015: $29,731,886Net Income 2015: $2,504,5162015Revenue 2016: $28,864,066Expenses 2016: $31,500,391Net Income 2016: -$2,636,3252016Revenue 2017: $31,578,252Expenses 2017: $33,430,280Net Income 2017: -$1,852,0282017Revenue 2018: $29,175,865Expenses 2018: $34,104,664Net Income 2018: -$4,928,7992018Revenue 2019: $30,468,362Expenses 2019: $33,147,136Net Income 2019: -$2,678,7742019Revenue 2020: $30,832,679Expenses 2020: $34,177,611Net Income 2020: -$3,344,9322020Revenue 2021: $27,796,543Expenses 2021: $22,029,733Net Income 2021: $5,766,8102021Revenue 2022: $35,994,603Expenses 2022: $30,071,128Net Income 2022: $5,923,4752022Revenue 2023: $33,373,525Expenses 2023: $34,437,464Net Income 2023: -$1,063,9392023Revenue 2024: $38,784,878Expenses 2024: $36,945,285Net Income 2024: $1,839,5932024

Highlighted filing

2017

Revenue$31,578,252
Expenses$33,430,280
Net Income-$1,852,028
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Apr 17, 2018
Return Version
2016v3.0
Gross Receipts
$32,953,183
Mission and Program Overview

Mission

The mission of the Houston Symphony is to inspire and engage a large and diverse audience in Greater Houston and beyond through exceptional orchestral performances, educational programs and community activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$7,089,698$9,594,414▲ $2,504,716
Prepaid Expenses and Deferred Charges$1,183,957$1,060,603▼ $123,354
Land, Buildings, and Equipment, Net$1,184,733$1,032,013▼ $152,720
Cash and Non-Interest-Bearing Accounts$1,951,856$571,217▼ $1,380,639
Accounts Receivable$137,999$218,956▲ $80,957
Receivables From Officers Etc$32,462$21,255▼ $11,207
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$11,580,705$12,498,458▲ $917,753
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,564,448$10,932,854▲ $4,368,406
Other Liabilities$9,760,958$7,847,483▼ $1,913,475
Deferred Revenue$4,389,275$3,948,698▼ $440,577
Accounts Payable and Accrued Expenses$3,689,190$2,949,622▼ $739,568
Total Liabilities$24,403,871$25,678,657▲ $1,274,786
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,253,417$4,868,706▲ $615,289
Unrestricted Net Assets$-17,076,583$-18,048,905▼ $972,322
Total Net Assets Fund Balance$-12,823,166$-13,180,199▼ $357,033
Total Liabilities and Net Assets / Fund Balance$11,580,705$12,498,458▲ $917,753

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$950,199$2,130,675$3,080,874
Leasehold Improvements$17,414$267,464$284,878
Other Land Buildings$47,485$129,446$176,931
Land$16,915-$16,915

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$72,640,980$553,844▲ $6,524,797$5,109,106$74,610,515
2015$75,501,151$4,109,801▼ $2,437,539$4,532,433$72,640,980
2014$73,729,642$3,711,580▲ $2,331,320$4,271,391$75,501,151
2013$71,276,690$76,808▲ $6,500,460$4,124,316$73,729,642
2012$66,511,868$47,898▲ $9,275,620$4,558,696$71,276,690
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark HansonExec Dir./CEOFT$512,899$22,294$535,193
David ChambersChief Development OfficerFT$249,228$22,949$265,932
Brinton SmithMusicianFT$178,906$29,096$208,002
Eric HalenMusicianFT$176,617$22,456$199,073
William Ver MeulenMusicianFT$165,438$24,833$196,603
Jonathan FischerMusicianFT$177,359$16,099$193,371
Mark HughesMusicianFT$151,781$23,908$182,021
Danny GranadosCFOFT$165,900$15,619$175,187

Board Members and Trustees

NameTitle
Justice Brett BusbyChair Ar & Orc
Anthony BohnertChair Audit
Gene DewhurstChair Brd Gover
Donna ShenChair Community
Jerry SimonChair Developmt
Billy McCartneyChair Education
Barbara J BurgerChair Finance
Gloria G PryzantChair Marketing
David PrunerChair Planning
Danielle BatchelorChair Program
Mary Lynn MarksChair Vol & S.E
Bobby TudorChairman
Mike S StudeChairman Emerit
Viviana DenechaudCochair Develp
Jesse B TutorPast Chairman
Steven P MachPresident
Janet F ClarkPresident-Elect
Alexander K McLanahanGoverning Director
Alexandra GottschalkGoverning Director
Andrew CalderGoverning Director
Betty TutorGoverning Director
Bradley CorsonGoverning Director
Cora Sue MachGoverning Director
David FrankfortGoverning Director
David J WuthrichGoverning Director
David MassinGoverning Director
Diana WeilGoverning Director
Donna ChapmanGoverning Director
Gary BeauchampGoverning Director
Helen P ShafferGoverning Director
Ishwaria SubbiahGoverning Director
James D SteinGoverning Director
Janice H BarrowGoverning Director
Jay MarksGoverning Director
Jim R SmithGoverning Director
Joan KaplanGoverning Director
John OnstottGoverning Director
John RydmanGoverning Director
Judith VincentGoverning Director
Julia A FrankelGoverning Director
Kevin O'GormanGoverning Director
L Proctor Thomas IIIGoverning Director
Manolo SanchezGoverning Director
Margaret Alkek WilliamsGoverning Director
Marie Taylor BosargeGoverning Director
Michael DohertyGoverning Director
Michael H ClarkGoverning Director
Miles O SmithGoverning Director
Paul M MannGoverning Director
Paul R MoricoGoverning Director
Ralph BurchGoverning Director
Rochelle LevitGoverning Director
Ron R RandGoverning Director
Ronald G FranklinGoverning Director
Scott WulfeGoverning Director
Stephen W GlennGoverning Director
Susan A HansenGoverning Director
Vicki WestGoverning Director
William Toomey IIGoverning Director
Allen M GelwickTrustee
Andrew DavisTrustee
Andrew TruscottTrustee
Bobbie NewmanTrustee
Brian J ThomasTrustee
Brian JamesTrustee
Carlos J LpezTrustee
Cheryl ByingtonTrustee
Craig A FoxTrustee
David StanardTrustee
David TaiTrustee
Devinder BhatiaTrustee
Dougal A CameronTrustee
Ed SchneiderTrustee
Edmond D WulfeTrustee
Edward C Osterberg JrTrustee
Eric J HaufrectTrustee
Evan B GlickTrustee
Evan D CollinsTrustee
Frank YonishTrustee
Fredric A WeberTrustee
Gabriel RioTrustee
Gary L HollingsworthTrustee
Gary MercerTrustee
Gene McDavidTrustee
Gregory PowersTrustee
I Ray KirkTrustee
J Hugh Roff JrTrustee
Jackie W MazowTrustee
James T WillersonTrustee
Janet MooreTrustee
John N Matzer IIITrustee
John T CaterTrustee
Julianne GorteTrustee
Kelli Cohen FeinTrustee
Margaret WaismanTrustee
Marianne IvanyTrustee
Marilyn MilesTrustee
Meherwan P BoyceTrustee
Michael E ShannonTrustee
Michael MannTrustee
Nancy S BraticTrustee
Philip A BahrTrustee
Prentiss C BurtTrustee
Richard RabinowTrustee
Richard RobbinsTrustee
Rita JusticeTrustee
Robert B Sloan JrTrustee
Robert WeinerTrustee
Robert YekovichTrustee
Rodney H MargolisTrustee
Ronald DePinhoTrustee
Samuel AbrahamTrustee
Scott NyquistTrustee
Shirley ToominTrustee
Steven J WilliamsTrustee
Tad SmithTrustee
Tassie NicandrosTrustee
Terry A BrownTrustee
Tracy DieterichTrustee
Ulyesse J LeGrangeTrustee
Robert A PeiserImm Past Pres.
Darlene ClarkPres. Symph Lea
Barbara McCelveySecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Tuscany Productions LLCArtist Fee1314 E Las Olas Blvd Ste 3, Fort Lauderdale, FL 33301$1,710,484
Strike MarketingMarketing906 Rutland Street, Houston, TX 77008$849,367
Jackson & CoompanyCateringPO Box 13260 River Oaks Station, Houston, TX 77219$520,105
Andres Orozco-EstradaConducting190 Oak Place Drive, Houston, TX 77006$405,086
Houston First CorporationHall rentalP0 Box 61469, Houston, TX 77208$366,320
Revenue and Support

Revenue Composition

Contributions and Grants
$21,024,630
Program Service Revenue
$11,002,982
Investment Income
$0
Other Revenue
$-449,360
All Other Contributions
$13,018,139
Change in Net Assets
$-1,852,028

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded24$1,035,982Nyse
Other Non Cash Contri Table-$307,121Fair Market Value (FMV)
Other Non Cash Contri Table1$80,694Cost
Other Non Cash Contri Table1$35,650Appraisal
Total Noncash Contributions26$1,459,447-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$21,546,026
Other Expenses$11,658,059
Total Fundraising Expense$3,701,203
Professional Fundraising Fees$226,195
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$12,993,291$1,457,491$1,534,286$15,985,068
Other Employee Benefits$2,061,357$323,838$358,453$2,743,648
Fees for Services Other$1,121,053$327,108$13,424$1,461,585
Payroll Taxes$947,710$106,308$111,908$1,165,926
Occupancy$660,029$458,146$9,923$1,128,098
Office Expenses$674,280$107,500$275,492$1,057,272
Advertising$950,460$1,652$2,222$954,334
Pension Plan Contributions$764,885$85,799$90,320$941,004
Current Officers, Directors, Trustees, and Key Employees$577,425$64,771$68,184$710,380
Other Expenses$1,017,198$394,450$927,896$394,450
Information Technology-$255,875-$255,875
Fees for Services Professional Fundraising--$226,195$226,195
Depreciation Depletion$174,098$45,051-$219,149
Travel$118,734$12,493$51,258$182,485
Interest-$163,383-$163,383
Insurance$886$108,465-$109,351
Conferences and Meetings$44,453$25,319$26,060$95,832
All Other Expenses$710$86,065$5,582$92,357
Total Functional Expenses$25,705,363$4,023,714$3,701,203$33,430,280
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,374,931
Fundraising Gross Income$925,571
Professional Fundraising Fees$226,195

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ball$1,538,948$483,349$498,451$-15,102
Opening Night$552,541$174,000$54,026$119,974
Total Events$2,648,185$925,571$1,374,931$-449,360
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Dougal CameronTrusteeOffice rentalNo$367,375
Betsey Cook WeberOwned by Gov DirIT servicesNo$187,867
-Wife of DirectorCompensationNo$45,000

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$32,462$21,255▼ $11,207
Receivables from Disqualified Persons-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued pension liability$6,905,528
Due to affiliated organization$941,955
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 family members
No
Business relationship with organization members
Yes
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
Yes
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

Joan Kaplan, Governing Director & Trustee and Rodney Margolis, Governing Director and Trustee have a family relationship. Betty Tutor, Governing Director & Lifetime Trustee and Jesse Tutor, Governing Director and Lifetime Trustee have a family relationship. Cora Sue Mach, Governing Director and Lifetime Trustee and Steven P. Mach, President board Governance, Exec. Committee, Governing Director and Trustee have a family relationship. Janice Barrow, Lifetime Trustee and Barbara McCelvey, Gov. Director and Trustee have a family relationship.

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Members of the Society are defined as anyone who has contributed, or on whose behalf there has been a contribution of at least $100. Ten or more members shall constitute a quorum at any meeting.

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

The Form 990 is reviewed by the Director of Finance and CEO before filing with the IRS. Once that review is complete, an electronic version is provided to the Governing Directors before filing with the IRS.

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

The Conflict of Interest Policy is provided annually to the Governing Board for their review and signature. If a conflict is noted the Trustee is asked to recuse himself from any applicable decisions.

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

Annually the Human Resources staff obtains salary surveys for both the Houston area and similarly sized Symphonies. The Human Resources staff then shares the information with the Board President. The Compensation Committee, consisting of the Board President, Board Chairman, and any other members as may be appointed by the Executive Committee, are responsible for reviewing the comparative data and approving the Executive Director/CEO's compensation package. Budget constraints are taken into account.

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

Annually the Director, Human Resources obtains salary surveys for both the Houston area and the Symphony universe. The Director then shares the information with the Board President. The Compensation Committee, consisting of the Board President,Board Chairman, and any other members as may be appointed by the Executive Committee from time to time, are responsible for approving the compensation packages for the Chief Financial Officer and other key employees. Budget constraints are taken into account.

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

The audited financial statements and Form 990 are available on our website. Governing documents are available upon request through the Symphony offices.

Filing and Contact Details

Filer

Filer Name
Houston Symphony Society
EIN
74-1157373
Phone
7132244240
Address
615 Louisiana St, Houston, TX 77002

Signing Officer

Name
Elizabeth Condic
Title
CFO
Signed
2018-04-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janet Clark
Formed
1913
Legal Domicile
TX
Voting Board Members
123
Independent Board Members
120
Employees
544
Volunteers
850

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027-5132
Preparer
Jody Blazek
Phone
7134395739
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Change in value of pension liability under FASB 87 = $1494995

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Houston Symphony Endowment (the Endowment) was established to support the operations of the Houston Symphony Society. The Endowment holds contributed funds in perpetuity, invests those funds, and makes contributions from time to time to the Society. Such contributions must meet the stated restrictions of donors as well as the current policies of the Endowment. The Endowment is governed by a Board of Directors who are elected by the officers of the Board of Directors of the Society.

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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/Desc0POPS SeasonThe 2016-17 Season was the final year for Principal POPS Conductor Michael Krajewski, as he prepared to hand the baton to his successor, Steven Reineke. Between them, Krajewski conducted five, and Reineke four, of the nine POPS Season concert weekends. The season featured the musical talents of Linda Eder (Linda Eder Sings Judy Garland), Tony DeSare (I Love a Piano), AJ Swearingen and Jonathan Beedle (The Sounds of Simon and Garfunkel), Pink Martini featuring China Forbes (Pink Martini Returns), Debbie Gravitte (Bond & Beyond), and Lisa Vroman, Doug LaBrecque and Rachel York (Classic Broadway). As part of its 70th anniversary celebration, the Houston Symphony Chorus performed in two POPS Season concerts, Very Merry Pops and Classic Broadway. Krajewskis tenure came to an end with the season's final concert weekend, Classic Broadway, over the Memorial Day weekend.
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Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.1$23.2$10.2$38.8$36.9$1.84
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.74$19.8$12.0$33.4$34.4$1.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.92$17.4$10.5$36.0$30.1$5.92
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.68$22.9$16.2$27.8$22.0$5.77
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.42$33.5$26.0$30.8$34.2$3.34
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.40$29.9$21.5$30.5$33.1$2.68
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.4$27.9$17.5$29.2$34.1$4.93
2017Detailed filing. Detailed filing data is available for this year.$12.5$25.7$13.2$31.6$33.4$1.85
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.6$24.4$12.8$28.9$31.5$2.64
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.2$21.8$8.60$32.2$29.7$2.50
2014Detailed filing. Detailed filing data is available for this year.$10.7$19.6$8.82$27.7$29.4$1.67
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.1$20.2$9.09$27.1
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.57$23.0$17.4$25.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.11$21.2$15.1$24.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.66$20.6$16.9$24.4