Civic Intelligence

Amarillo Symphony Inc.

990 • Fiscal year 2019 • EIN 75-1153018

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 16, 2020

PO Box 2586Amarillo, TX 79105

(806) 376-8782

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.10x

Higher debt load relative to assets than 43% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

64th percentile

0.31x

Higher debt load relative to revenue than 64% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

29th percentile

-3.3%

Higher net margin than 29% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

24th percentile

$44,788

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

53rd percentile

4.0%

Faster asset growth than 53% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

73rd percentile

16%

Faster revenue growth than 73% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$5,852,972

Up $222,659 (+4.0%) from 2018

Net Assets

Up

$5,252,050

Up $54,866 (+1.1%) from 2018

Liabilities

Up

$600,922

Up $167,793 (+39%) from 2018

Revenue

Up

$1,945,811

Up $267,887 (+16%) from 2018

Expenses

Up

$2,009,145

Up $216,487 (+12%) from 2018

Net Income

Up

-$63,334

Up $51,400 (+45%) from 2018

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $4,698,073Liabilities 2010: $377,495Net Assets 2010: $4,320,5782010Assets 2011: $5,471,514Liabilities 2011: $389,042Net Assets 2011: $5,082,4722011Assets 2012: $5,200,567Liabilities 2012: $310,679Net Assets 2012: $4,889,8882012Assets 2013: $5,639,569Liabilities 2013: $316,962Net Assets 2013: $5,322,6072013Assets 2014: $5,699,956Liabilities 2014: $267,775Net Assets 2014: $5,432,1812014Assets 2015: $5,580,775Liabilities 2015: $317,967Net Assets 2015: $5,262,8082015Assets 2016: $5,282,563Liabilities 2016: $343,973Net Assets 2016: $4,938,5902016Assets 2017: $5,562,973Liabilities 2017: $397,514Net Assets 2017: $5,165,4592017Assets 2018: $5,630,313Liabilities 2018: $433,129Net Assets 2018: $5,197,1842018Assets 2019: $5,852,972Liabilities 2019: $600,922Net Assets 2019: $5,252,0502019Assets 2020: $5,442,092Liabilities 2020: $374,899Net Assets 2020: $5,067,1932020Assets 2021: $6,656,614Liabilities 2021: $335,113Net Assets 2021: $6,321,5012021Assets 2022: $5,802,759Liabilities 2022: $474,600Net Assets 2022: $5,328,1592022Assets 2023: $6,180,356Liabilities 2023: $783,996Net Assets 2023: $5,396,3602023Assets 2024: $6,924,621Liabilities 2024: $669,838Net Assets 2024: $6,254,7832024

Highlighted filing

2019

Assets$5,852,972
Liabilities$600,922
Net Assets$5,252,050

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,278,2272010Revenue 2011: $1,472,785Expenses 2011: $1,216,628Net Income 2011: $256,1572011Expenses 2012: $1,222,4922012Expenses 2013: $1,306,2962013Revenue 2014: $1,349,327Expenses 2014: $1,565,294Net Income 2014: -$215,9672014Revenue 2015: $1,490,139Expenses 2015: $1,453,418Net Income 2015: $36,7212015Revenue 2016: $1,384,762Expenses 2016: $1,564,346Net Income 2016: -$179,5842016Revenue 2017: $1,798,313Expenses 2017: $1,871,118Net Income 2017: -$72,8052017Revenue 2018: $1,677,924Expenses 2018: $1,792,658Net Income 2018: -$114,7342018Revenue 2019: $1,945,811Expenses 2019: $2,009,145Net Income 2019: -$63,3342019Revenue 2020: $1,727,605Expenses 2020: $1,879,707Net Income 2020: -$152,1022020Revenue 2021: $1,600,308Expenses 2021: $1,643,108Net Income 2021: -$42,8002021Revenue 2022: $2,592,502Expenses 2022: $2,672,001Net Income 2022: -$79,4992022Revenue 2023: $2,444,426Expenses 2023: $2,588,111Net Income 2023: -$143,6852023Revenue 2024: $3,455,170Expenses 2024: $2,611,286Net Income 2024: $843,8842024

Highlighted filing

2019

Revenue$1,945,811
Expenses$2,009,145
Net Income-$63,334
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 16, 2020
Return Version
2018v3.2
Gross Receipts
$3,002,527
Mission and Program Overview

Mission

The amarillo symphony inspires, educates, and unites our region through the power of music.

To enrich life in the texas panhandle through great orchestral performances and educational and community engagement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,148,957$5,248,566▲ $99,609
Cash and Non-Interest-Bearing Accounts$342,636$478,440▲ $135,804
Prepaid Expenses and Deferred Charges$82,130$73,339▼ $8,791
Accounts Receivable$29,358$41,301▲ $11,943
Land, Buildings, and Equipment, Net$25,232$9,326▼ $15,906
Total Assets$5,630,313$5,852,972▲ $222,659
Other Assets Total$2,000$2,000→ $0
Liabilities
Deferred Revenue$368,546$409,402▲ $40,856
Mortgage Notes Payable Secured by Investment Property$3,922$152,906▲ $148,984
Accounts Payable and Accrued Expenses$60,661$38,614▼ $22,047
Total Liabilities$433,129$600,922▲ $167,793
Net Assets / Fund Balance
Unrestricted Net Assets$3,311,293$3,476,994▲ $165,701
Permanently Rstr Net Assets$1,525,676$1,525,676→ $0
Temporarily Rstr Net Assets$360,215$249,380▼ $110,835
Total Net Assets Fund Balance$5,197,184$5,252,050▲ $54,866
Total Liabilities and Net Assets / Fund Balance$5,630,313$5,852,972▲ $222,659

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,326$184,096$193,422

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$1,791,778-▲ $111,799$84,958$1,818,619
2017$1,758,126-▲ $97,130$63,478$1,791,778
2016$1,664,965-▲ $152,882$59,721$1,758,126
2015$1,708,153-▲ $20,369$63,557$1,664,965
2014$1,758,511$7,789▲ $27,891$86,038$1,708,153
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Andrew HayExecutive DiFT$44,788$44,788

Board Members and Trustees

NameTitle
Adair BucknerPresident
Ann BushBoard Member
Caroline KneeseBoard Member
Cori BurnsBoard Member
Cory JoinerBoard Member
Dr Doug HydeBoard Member
Eileene MossBoard Member
Francine DanaBoard Member
Jennie KnappBoard Member
Jessica MallardBoard Member
Jessica NeedhamBoard Member
John ShanksBoard Member
Kay PorterBoard Member
Ken CopheranhamBoard Member
Laura StreetBoard Member
Mike GoodBoard Member
Randy SharpBoard Member
Robyn RhodesBoard Member
Roy BaraBoard Member
Steve BowenBoard Member
Terry SheldonBoard Member
Terry WhiteBoard Member
Brian BrucknerSecretary
J Brad HickmanTreasurer
Alan RhodesVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,033,166
Program Service Revenue
$644,473
Investment Income
$287,133
Other Revenue
$-18,961
All Other Contributions
$885,551
Change in Net Assets
$-63,334

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
Other Non Cash Contri Table2$33,110Retail Value
Other Non Cash Contri Table1$5,000Retail Value
Total Noncash Contributions3$38,110-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,945,811
Revenue Not Reported on Form 990
$106,707
Total Revenue per Audited Statements
$2,052,518
Total Revenue per Form 990
$1,945,811
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,074,691
Salaries, Compensation, and Employee Benefits$930,438
Total Fundraising Expense$289,460
Professional Fundraising Fees$3,016
Grants and Similar Amounts Paid$1,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$635,360$40,891$100,816$777,067
Fees for Services Other$174,576$12,469$94,088$281,133
Travel$166,806$3,282$4,233$174,321
Advertising$133,524$4,332$16,691$154,547
Payroll Taxes$52,947$3,984$8,619$65,550
Current Officers, Directors, Trustees, and Key Employees$16,572$12,541$15,676$44,789
Other Employee Benefits$14,091$20,470$8,471$43,032
Other Expenses$39,083$2,280$1,401$42,764
All Other Expenses$23,014$3,392$9,521$35,927
Occupancy$20,310$5,582$7,680$33,572
Office Expenses$21,875$1,563$5,300$28,738
Insurance$16,306$3,008$5,026$24,340
Depreciation Depletion$9,705$2,544$3,657$15,906
Conferences and Meetings$2,826$2,476$1,298$6,600
Interest-$5,837-$5,837
Fees for Services Professional Fundraising--$3,016$3,016
Grants to Domestic Individuals$1,000--$1,000
Total Functional Expenses$1,594,260$125,425$289,460$2,009,145

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,025,267
Expenses per Audited Statements$2,009,145
Total Expenses per Form 990$2,009,145
Expenses Not Reported on Form 990$16,122
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$164,707
Fundraising Gross Income$141,446
Professional Fundraising Fees$3,016

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Symphony Ball$282,571$141,446$33,888$107,558
Total Events$282,571$141,446$164,707$-23,261
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

The form 990 is distributed to and reviewed by the board of directors prior to signing by the president of the board and filing with the irs.

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

The organization requires board members to annually evaluate and affirm their compliance with the conflict of interest policy

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

The process of determining compensation of the executive director and music director is integrated into the budgeting process by the executive committee who reviews comparable salary data provided by the league of american orchestra's annual salary survey. From these considerations, compensation decisions are then documented by the executive committee.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request at the organization's office at 301 south polk, suite 700, amarillo, texas.

Filing and Contact Details

Filer

Filer Name
Amarillo Symphony Inc
EIN
75-1153018
Phone
8063768782
Address
PO BOX 2586, AMARILLO, TX 79105

Signing Officer

Name
Adair Buckner
Title
President
Phone
8063768782
Signed
2020-03-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Hay
Formed
1924
Legal Domicile
TX
Voting Board Members
25
Independent Board Members
25
Employees
190
Volunteers
350

Preparer

Firm
Stewart Martin Dudley & Webb Pc
Address
P O BOX 669, AMARILLO, TX 79105-0669
Preparer
Evan M Brantley CPA
Phone
8063747576
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Artist and professional fees 174,576 12,469 94,088

Form 990, Part XI, Line 9

Absorbed assets - greater sw music festival 27,615

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.92$0.67$6.25$3.46$2.61$0.84
2023Detailed filing. Detailed filing data is available for this year.$6.18$0.78$5.40$2.44$2.59$0.14
2022Detailed filing. Detailed filing data is available for this year.$5.80$0.47$5.33$2.59$2.67$0.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.66$0.34$6.32$1.60$1.64$0.04
2020Detailed filing. Detailed filing data is available for this year.$5.44$0.37$5.07$1.73$1.88$0.15
2019Detailed filing. Detailed filing data is available for this year.$5.85$0.60$5.25$1.95$2.01$0.06
2018Detailed filing. Detailed filing data is available for this year.$5.63$0.43$5.20$1.68$1.79$0.11
2017Detailed filing. Detailed filing data is available for this year.$5.56$0.40$5.17$1.80$1.87$0.07
2016Detailed filing. Detailed filing data is available for this year.$5.28$0.34$4.94$1.38$1.56$0.18
2015Detailed filing. Detailed filing data is available for this year.$5.58$0.32$5.26$1.49$1.45$0.04
2014Detailed filing. Detailed filing data is available for this year.$5.70$0.27$5.43$1.35$1.57$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.64$0.32$5.32$1.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.20$0.31$4.89$1.22
2011Summary only. Only limited summary data is available for this year.$5.47$0.39$5.08$1.47$1.22$0.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.70$0.38$4.32$1.28