Civic Intelligence

MID-Texas Symphony Society Inc

990 • Fiscal year 2015 • EIN 74-2003063

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 11, 2016

1000 W Court Street 3216Seguin, TX 78155

(830) 463-5353

Siviq Scores

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

Liabilities / Assets

60th percentile

0.10x

Higher debt load relative to assets than 60% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

75th percentile

0.24x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

63rd percentile

8.4%

Higher net margin than 63% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

48th percentile

0.6%

Faster asset growth than 48% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

54th percentile

5.1%

Faster revenue growth than 54% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$899,287

Up $5,746 (+0.6%) from 2014

Net Assets

Up

$807,560

Up $8,321 (+1.0%) from 2014

Liabilities

Down

$91,727

Down $2,575 (-2.7%) from 2014

Revenue

Up

$377,904

Up $18,342 (+5.1%) from 2014

Expenses

Up

$346,146

Up $28,585 (+9.0%) from 2014

Net Income

Down

$31,758

Down $10,243 (-24%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $365,124Liabilities 2010: $94,399Net Assets 2010: $270,7252010Assets 2011: $465,142Liabilities 2011: $104,480Net Assets 2011: $360,6622011Assets 2012: $737,618Liabilities 2012: $99,987Net Assets 2012: $637,6312012Assets 2013: $806,926Liabilities 2013: $102,836Net Assets 2013: $704,0902013Assets 2014: $893,541Liabilities 2014: $94,302Net Assets 2014: $799,2392014Assets 2015: $899,287Liabilities 2015: $91,727Net Assets 2015: $807,5602015Assets 2016: $817,515Liabilities 2016: $65,332Net Assets 2016: $752,1832016Assets 2017: $666,847Liabilities 2017: $25,405Net Assets 2017: $641,4422017Assets 2018: $542,529Liabilities 2018: $8,912Net Assets 2018: $533,6172018Assets 2019: $422,662Liabilities 2019: $41,613Net Assets 2019: $381,0492019Assets 2020: $429,367Liabilities 2020: $55,099Net Assets 2020: $374,2682020Assets 2021: $526,339Liabilities 2021: $99,932Net Assets 2021: $426,4072021Assets 2022: $537,255Liabilities 2022: $131,114Net Assets 2022: $406,1412022Assets 2023: $711,035Liabilities 2023: $199,337Net Assets 2023: $511,6982023Assets 2024: $808,050Liabilities 2024: $189,038Net Assets 2024: $619,0122024

Highlighted filing

2015

Assets$899,287
Liabilities$91,727
Net Assets$807,560

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $239,2592010Expenses 2011: $277,0992011Revenue 2012: $541,305Expenses 2012: $277,404Net Income 2012: $263,9012012Revenue 2013: $341,301Expenses 2013: $295,123Net Income 2013: $46,1782013Revenue 2014: $359,562Expenses 2014: $317,561Net Income 2014: $42,0012014Revenue 2015: $377,904Expenses 2015: $346,146Net Income 2015: $31,7582015Revenue 2016: $338,313Expenses 2016: $416,411Net Income 2016: -$78,0982016Revenue 2017: $366,028Expenses 2017: $476,769Net Income 2017: -$110,7412017Revenue 2018: $292,426Expenses 2018: $367,048Net Income 2018: -$74,6222018Revenue 2019: $221,651Expenses 2019: $360,377Net Income 2019: -$138,7262019Revenue 2020: $309,046Expenses 2020: $309,719Net Income 2020: -$6732020Revenue 2021: $248,096Expenses 2021: $235,156Net Income 2021: $12,9402021Revenue 2022: $452,968Expenses 2022: $388,158Net Income 2022: $64,8102022Revenue 2023: $525,989Expenses 2023: $429,499Net Income 2023: $96,4902023Revenue 2024: $566,797Expenses 2024: $479,301Net Income 2024: $87,4962024

Highlighted filing

2015

Revenue$377,904
Expenses$346,146
Net Income$31,758
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 11, 2016
Return Version
2014v6.0
Gross Receipts
$534,901
Mission and Program Overview

Mission

The mid-texas symphony brings symphonic music to the new braunfels and seguin, texas communities. The symphony presents a children's concert series, a music memory contest and a concerto competition for university students. Together with texas lutheran university, the symphony sponsors a community music academy offering string lessons and youth orchestral and choral groups.

The mid-texas symphony brings symphonic music to the new braunfels and seguin, texas communities. The symphony presents a children's concert series, a music memory contest and a concerto competition for university students. Together with texas luthern university, the symphony sponsors a community music academy offering string lessons and youth orchestral and choral groups.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$584,049$622,475▲ $38,426
Cash and Non-Interest-Bearing Accounts-$124,001-
Savings and Temporary Cash Investments$246,954$93,548▼ $153,406
Prepaid Expenses and Deferred Charges$6,346$9,972▲ $3,626
Land, Buildings, and Equipment, Net$6,820$7,996▲ $1,176
Accounts Receivable$9,002$925▼ $8,077
Total Assets$893,541$899,287▲ $5,746
Other Assets Total$40,370$40,370→ $0
Liabilities
Deferred Revenue$87,846$82,735▼ $5,111
Accounts Payable and Accrued Expenses$2,341$7,572▲ $5,231
Other Liabilities$4,115$1,420▼ $2,695
Total Liabilities$94,302$91,727▼ $2,575
Net Assets / Fund Balance
Temporarily Rstr Net Assets$554,100$572,796▲ $18,696
Unrestricted Net Assets$235,089$224,714▼ $10,375
Permanently Rstr Net Assets$10,050$10,050→ $0
Total Net Assets Fund Balance$799,239$807,560▲ $8,321
Total Liabilities and Net Assets / Fund Balance$893,541$899,287▲ $5,746

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,996$17,984$25,980

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$590,369$1,600▲ $14,178$20,757$585,390
2013$525,025$2,020▲ $75,738$12,414$590,369
2012$481,807$2,897▲ $44,269$3,948$525,025
2011$180,376$277,746▲ $27,257$3,572$481,807
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carl CongerPresident
Alicia B OlsonBoard Member
Barbara OakesBoard Member
Becky HuffBoard Member
Betsy CunninghamBoard Member
Daniel MillerBoard Member
Donald BrandeberryBoard Member
Eldyn IngerickBoard Member
Ellen SalyersBoard Member
Harry GroveBoard Member
John OyerBoard Member
Kenneth WillmannBoard Member
Marjorie PetersBoard Member
Martha S AlexanderBoard Member
Marty KeilBoard Member
Maury Osborn MeyerBoard Member
Susan BradenBoard Member
Tom MeyerBoard Member
David MairsMusic Direct
Lisa LasseterNb Guild
Cathy TalcottPast Preside
Patt LindenPast Preside
Martha RinnSecretary
Trina EastwoodSeguin Guild
Linda CongerTreasurer
Jack LindenVP Education
Ken FynanVP Friends
Kathy NossamanVP Guild
Adrienne StoneVP Music
Revenue and Support

Revenue Composition

Contributions and Grants
$199,031
Program Service Revenue
$96,150
Investment Income
$37,902
Other Revenue
$44,821
All Other Contributions
$143,036
Change in Net Assets
$31,758
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$293,415
Salaries, Compensation, and Employee Benefits$39,731
Grants and Similar Amounts Paid$13,000
Total Fundraising Expense$6,706
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$171,693$14,610-$186,303
Comp Disqual Persons$34,619$2,500-$37,119
Advertising$19,302-$6,207$25,509
Office Expenses$8,722$10,881$225$19,828
Grants to Domestic Orgs$13,000--$13,000
Fees for Services Accounting-$11,336-$11,336
Occupancy$6,967$84-$7,051
Depreciation Depletion$6,193--$6,193
All Other Expenses$3,600$1,011-$4,611
Conferences and Meetings$406$4,204-$4,610
Insurance-$4,378-$4,378
Other Expenses$3,875$3,237$274$3,875
Travel$2,187$765-$2,952
Payroll Taxes$2,612--$2,612
Total Functional Expenses$279,649$59,791$6,706$346,146
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Community Music AcademySeguin, TX501c-3Free Music Lessons$13,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$165,990
Fundraising Direct Expenses$123,334
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Symphony Ball$160,936$160,936$119,580$41,356
Charity Dinner$5,054$5,054-$5,054
Total Events$165,990$165,990$123,334$42,656
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
Kathy NossamanVp of GuildInvestment FeesNo$5,757
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$913
Vacation Accrual$507
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Carl conger linda conger president treasurer spouses jack linden patt linden vp education past pres spouses ken willmann patt linden board member past pres siblings maury meyer tom meyer board member board member spouses

Form 990, Page 6, Part VI, Line 6

Members of the organization are those persons, corporations and other entities who make contributions to the organization in the fiscal year.

Form 990, Page 6, Part VI, Line 7A

The election of the directors is made by the membership at the regular annual meeting, and the directors shall take office on july 1 of the year in which elected. The board of directors shall select the officers.

Form 990, Page 6, Part VI, Line 11B

Form 990 is provided to the board for their approval at the board of directors meeting prior to filing with the irs.

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

Annual review of procedures, self disclosures, referrals, and through board nomination and election process and financial audit.

Form 990, Page 6, Part VI, Line 15A

Board committee review and analysis vis-a-vis peer organizations.

Form 990, Page 6, Part VI, Line 15B

Board committee review and analysis vis-a-vis peer organizations.

Form 990, Page 6, Part VI, Line 19

Governing documents are available to interested parties on request, and through guidestar.org, and to members (all contributors) at the annual meeting.

Filing and Contact Details

Filer

Filer Name
Mid-texas Symphony Society Inc
EIN
74-2003063
Phone
8304635353
Address
1000 W COURT STREET 3216, SEGUIN, TX 78155

Signing Officer

Name
Linda Conger
Title
Treasurer
Phone
8304635353
Signed
2016-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Conger
Formed
1978
Legal Domicile
TX
Voting Board Members
30
Independent Board Members
30
Employees
3
Volunteers
165

Preparer

Firm
Armstrong Vaughan & Associates Pc
Address
941 WEST BYRD BLVD STE 101, UNIVERSAL CITY, TX 78148
Preparer
Deborah F Fraser
Phone
2106586229
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mid-texas symphony brings symphonic music to the new braunfels and seguin, texas communities. The symphony presents a children's concert series, a music memory contest and a concerto competition for university students. Together with texas luthern university, the symphony sponsors a community music academy offering string lessons and youth orchestral and choral groups.

Form 990, Part IX, Line 11G

Conductor 30,242 0 0 concertmaster 4,233 0 0 musicians 118,305 0 0 guest artist 6,250 0 0 conductor arranging fees 500 0 0 operations manager 920 0 0 choral director 1,500 0 0 choral soloist 3,150 0 0 personnel manager 1,400 4,500 0 librarian 3,333 1,689 0 stage manager 1,860 0 0 student office assistant 0 307 0 admin assistant 0 8,114 0

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.08$1.89$6.19$5.67$4.79$0.87
2023Detailed filing. Detailed filing data is available for this year.$7.11$1.99$5.12$5.26$4.29$0.96
2022Detailed filing. Detailed filing data is available for this year.$5.37$1.31$4.06$4.53$3.88$0.65
2021Detailed filing. Detailed filing data is available for this year.$5.26$1.00$4.26$2.48$2.35$0.13
2020Detailed filing. Detailed filing data is available for this year.$4.29$0.55$3.74$3.09$3.10$0.01
2019Detailed filing. Detailed filing data is available for this year.$4.23$0.42$3.81$2.22$3.60$1.39
2018Detailed filing. Detailed filing data is available for this year.$5.43$0.09$5.34$2.92$3.67$0.75
2017Detailed filing. Detailed filing data is available for this year.$6.67$0.25$6.41$3.66$4.77$1.11
2016Detailed filing. Detailed filing data is available for this year.$8.18$0.65$7.52$3.38$4.16$0.78
2015Detailed filing. Detailed filing data is available for this year.$8.99$0.92$8.08$3.78$3.46$0.32
2014Detailed filing. Detailed filing data is available for this year.$8.94$0.94$7.99$3.60$3.18$0.42
2013Summary only. Only limited summary data is available for this year.$8.07$1.03$7.04$3.41$2.95$0.46
2012Summary only. Only limited summary data is available for this year.$7.38$1.00$6.38$5.41$2.77$2.64
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.65$1.04$3.61$2.77
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.65$0.94$2.71$2.39
Peer Organizations

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