Civic Intelligence

Plano Symphony Orchestra Non-Profit Corp

990 • Fiscal year 2018 • EIN 75-1929103

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 09, 2019

1635 Dorchester DrivePlano, TX 75075

(972) 473-7262

Siviq Scores

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

Liabilities / Assets

66th percentile

0.23x

Higher debt load relative to assets than 66% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

66th percentile

0.22x

Higher debt load relative to revenue than 66% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

24th percentile

-7.1%

Higher net margin than 24% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

62nd percentile

$86,700

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

26th percentile

-4.3%

Faster asset growth than 26% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

31st percentile

-3.5%

Faster revenue growth than 31% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,514,996

Down $68,813 (-4.3%) from 2017

Net Assets

Down

$1,169,080

Down $78,347 (-6.3%) from 2017

Liabilities

Up

$345,916

Up $9,534 (+2.8%) from 2017

Revenue

Down

$1,589,331

Down $56,830 (-3.5%) from 2017

Expenses

Up

$1,701,706

Up $73,769 (+4.5%) from 2017

Net Income

Down

-$112,375

Down $130,599 (-717%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,363,744Liabilities 2011: $287,168Net Assets 2011: $1,076,5762011Assets 2012: $1,399,950Liabilities 2012: $281,156Net Assets 2012: $1,118,7942012Assets 2013: $1,348,827Liabilities 2013: $296,082Net Assets 2013: $1,052,7452013Assets 2014: $1,359,048Liabilities 2014: $310,900Net Assets 2014: $1,048,1482014Assets 2015: $1,518,647Liabilities 2015: $331,078Net Assets 2015: $1,187,5692015Assets 2016: $1,516,814Liabilities 2016: $347,168Net Assets 2016: $1,169,6462016Assets 2017: $1,583,809Liabilities 2017: $336,382Net Assets 2017: $1,247,4272017Assets 2018: $1,514,996Liabilities 2018: $345,916Net Assets 2018: $1,169,0802018Assets 2019: $1,718,795Liabilities 2019: $810,028Net Assets 2019: $908,7672019Assets 2020: $1,435,956Liabilities 2020: $826,593Net Assets 2020: $609,3632020Assets 2021: $1,380,082Liabilities 2021: $743,105Net Assets 2021: $636,9772021Assets 2022: $1,794,236Liabilities 2022: $702,058Net Assets 2022: $1,092,1782022Assets 2023: $1,770,549Liabilities 2023: $882,539Net Assets 2023: $888,0102023Assets 2024: $1,914,104Liabilities 2024: $885,518Net Assets 2024: $1,028,5862024Assets 2025: $2,467,606Liabilities 2025: $1,044,442Net Assets 2025: $1,423,1642025

Highlighted filing

2018

Assets$1,514,996
Liabilities$345,916
Net Assets$1,169,080

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,271,6402011Expenses 2012: $1,303,5462012Revenue 2013: $1,303,681Expenses 2013: $1,425,212Net Income 2013: -$121,5312013Revenue 2014: $1,313,061Expenses 2014: $1,418,419Net Income 2014: -$105,3582014Revenue 2015: $1,632,563Expenses 2015: $1,505,004Net Income 2015: $127,5592015Revenue 2016: $1,587,925Expenses 2016: $1,564,930Net Income 2016: $22,9952016Revenue 2017: $1,646,161Expenses 2017: $1,627,937Net Income 2017: $18,2242017Revenue 2018: $1,589,331Expenses 2018: $1,701,706Net Income 2018: -$112,3752018Revenue 2019: $1,741,256Expenses 2019: $2,004,299Net Income 2019: -$263,0432019Revenue 2020: $1,473,784Expenses 2020: $1,744,988Net Income 2020: -$271,2042020Revenue 2021: $1,338,686Expenses 2021: $1,343,265Net Income 2021: -$4,5792021Revenue 2022: $2,161,170Expenses 2022: $1,658,398Net Income 2022: $502,7722022Revenue 2023: $1,549,803Expenses 2023: $1,753,971Net Income 2023: -$204,1682023Revenue 2024: $2,254,601Expenses 2024: $2,126,642Net Income 2024: $127,9592024Revenue 2025: $2,838,501Expenses 2025: $2,480,283Net Income 2025: $358,2182025

Highlighted filing

2018

Revenue$1,589,331
Expenses$1,701,706
Net Income-$112,375
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 9, 2019
Return Version
2017v2.3
Gross Receipts
$1,726,882
Mission and Program Overview

Mission

It is the mission of our orchestra to inspire, educate, entertain and involve the children, youth and adults of our community in the enjoyment of great music. The pso's education vision is to ensure that music is available to as many people as possible regardless of age, race, ethnicity, or socio-economic status.

It is the mission of the plano symphony orchestra to inspire, educate, entertain and involve the children, youth and adults of our community in the enjoyment of great music.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$776,521$781,801▲ $5,280
Pledges and Grants Receivable$216,682$293,091▲ $76,409
Cash and Non-Interest-Bearing Accounts$331,332$205,316▼ $126,016
Land, Buildings, and Equipment, Net$21,567$45,910▲ $24,343
Prepaid Expenses and Deferred Charges$40,312$36,391▼ $3,921
Total Assets$1,583,809$1,514,996▼ $68,813
Other Assets Total$197,395$152,487▼ $44,908
Liabilities
Deferred Revenue$327,107$331,801▲ $4,694
Accounts Payable and Accrued Expenses$9,275$14,115▲ $4,840
Total Liabilities$336,382$345,916▲ $9,534
Net Assets / Fund Balance
Unrestricted Net Assets$832,786$765,505▼ $67,281
Temporarily Rstr Net Assets$414,641$403,575▼ $11,066
Total Net Assets Fund Balance$1,247,427$1,169,080▼ $78,347
Total Liabilities and Net Assets / Fund Balance$1,583,809$1,514,996▼ $68,813

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$45,910$127,151$173,061
Other Assets Org$152,487--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$121,510$235▲ $6,740-$128,485
2016$110,386$210▲ $10,914-$121,510
2015$111,565$460▼ $1,639-$110,386
2014$110,018$100▲ $1,447-$111,565
2013$84,895$15,057▲ $10,066-$110,018
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Robert a ReedExecutive DiFT$86,700$86,700

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$823,353
Program Service Revenue
$709,085
Investment Income
$10,231
Other Revenue
$46,662
All Other Contributions
$430,711
Change in Net Assets
$-112,375

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 Amount
Other Non Cash Contri Table1$51,800
Other Non Cash Contri Table1$9,281
Total Noncash Contributions2$61,081

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,589,331
Revenue Not Reported on Form 990
$294,719
Total Revenue per Audited Statements
$1,884,050
Total Revenue per Form 990
$1,589,331
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,127,255
Salaries, Compensation, and Employee Benefits$574,451
Total Fundraising Expense$237,970
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$556,309-$23,500$579,809
Other Salaries and Wages$229,413$77,037$94,806$401,256
Advertising$142,304--$142,304
Current Officers, Directors, Trustees, and Key Employees$17,340$43,350$26,010$86,700
All Other Expenses$14,297$53,321-$67,618
Other Employee Benefits$26,704$13,004$13,067$52,775
Payroll Taxes$17,062$8,309$8,349$33,720
Office Expenses$411$21,046$552$22,009
Occupancy-$17,224-$17,224
Other Expenses$16,797$22,193$71,686$16,797
Fees for Services Accounting-$15,800-$15,800
Insurance-$8,386-$8,386
Information Technology-$229-$229
Total Functional Expenses$1,183,837$279,899$237,970$1,701,706

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,962,397
Expenses per Audited Statements$1,701,706
Total Expenses per Form 990$1,701,706
Expenses Not Reported on Form 990$260,691
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$184,213
Fundraising Direct Expenses$137,551
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
"ENCORE" GUILD$249,053$167,983$137,551$30,432
Tickets for Dra$16,230$16,230-$16,230
Total Events$265,283$184,213$137,551$46,662
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
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 7A

The organization's by-laws provide for an annual election of directors. The election is held at the annual meeting in june of each year.

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

The finance and business oversight committee (a board of directors appointed committee) will review the form. The form 990 will also be distributed to the entire board of directors before filing the form.

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

Conflict of interest policy forms are signed annually by all directors. The executive committee reviews all conflict of interest statements with a view to minimizing the potential for any detrimental effects from conflicts and excess benefits under section 4958 of the internal revenue code. A report of all conflicts voted during the preceding year or reported by directors is forwarded to the board of directors by the executive committee with a statement of applicable exceptions for each conflict or of a finding of no conflict.

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

The process used to determine compensation utilizes the annual survey data provided by the league of american orchestras (lao). Salary range comparisons are reviewed based on budget size and size of staff. Compensation is then based on performance and overall contribution as determined by the performance appraisal committee.

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

The process used to determine compensation for utilizes the annual survey data provided by the league of american orchestras (lao). Salary range comparisons are reviewed based on budget size and size of staff. Compensation is then based on performance and overall contribution as determined by the performance appraisal committee.

Form 990, Page 6, Part VI, Line 19

The governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Plano Symphony Orchestra Assoc
EIN
75-1929103
Phone
9724737262
Address
1635 DORCHESTER DRIVE, PLANO, TX 75075

Signing Officer

Name
Robert a Reed
Title
Executive Director
Phone
9724737262
Signed
2019-01-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert a Reed
Formed
1983
Legal Domicile
TX
Voting Board Members
33
Independent Board Members
33
Employees
13
Volunteers
251,300

Preparer

Firm
Psk Llp
Address
3001 MEDLIN DR STE 100, ARLINGTON, TX 76015
Preparer
Kathy Howlett
Phone
8176643000
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Volunteers are crucial to the plano symphony orchestra. Their services provided include the following: 1) secretarial/interns, 2) guild committees, 3) debutante program, 4) applause (teen volunteers), 5) board committee work, 6) ushers (concert production), and 7) education program.

Form 990, Part IX, Line 11G

Artistic services 556,309 0 0 consultant 0 0 23,500 total 556,309 0 23,500

Form 990, Part XI, Line 9

Special events expense 137,551 in kind architect services 15,500 special events expense -137,551 book / tax depreciation difference -4,798 total 10,702

Financial Statement Notes

Schedule D, Page 3, Part X

The association follows the income taxes topic of the fasb asc, which prescribes a comprehensive model for the financial statement recognition, measurement, presentation and disclosure of uncertain tax positions taken or expected to be taken in income tax returns. The association is not aware of any activities that would jeopardize its tax-exempt status and is not aware of any activities that are subject to tax on unrelated business income. As of june 30, 2018, the association has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements and does not expect this to change in the next twelve months. The 2015 through 2018 tax years remain subject to examination by the internal revenue service.

Schedule D, Page 4, Part XI, Line 2D

Special events expense 137,551 in kind architect services 15,500

Schedule D, Page 4, Part XII, Line 2D

Special events expense 137,551 book / tax depreciation difference 4,798

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IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33EXECUTIVE DI
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IRS990/MissionDesc0IT IS THE MISSION OF OUR ORCHESTRA TO INSPIRE, EDUCATE, ENTERTAIN AND INVOLVE THE CHILDREN, YOUTH AND ADULTS OF OUR COMMUNITY IN THE ENJOYMENT OF GREAT MUSIC.
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IRS990/OtherExpensesGrp/Desc2BANK/CREDIT CARD FEES
IRS990/OtherExpensesGrp/Desc3EDUCATION

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.47$1.04$1.42$2.84$2.48$0.36
2024Detailed filing. Detailed filing data is available for this year.$1.91$0.89$1.03$2.25$2.13$0.13
2023Detailed filing. Detailed filing data is available for this year.$1.77$0.88$0.89$1.55$1.75$0.20
2022Detailed filing. Detailed filing data is available for this year.$1.79$0.70$1.09$2.16$1.66$0.50
2021Detailed filing. Detailed filing data is available for this year.$1.38$0.74$0.64$1.34$1.34$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.44$0.83$0.61$1.47$1.74$0.27
2019Detailed filing. Detailed filing data is available for this year.$1.72$0.81$0.91$1.74$2.00$0.26
2018Detailed filing. Detailed filing data is available for this year.$1.51$0.35$1.17$1.59$1.70$0.11
2017Detailed filing. Detailed filing data is available for this year.$1.58$0.34$1.25$1.65$1.63$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.52$0.35$1.17$1.59$1.56$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.52$0.33$1.19$1.63$1.51$0.13
2014Detailed filing. Detailed filing data is available for this year.$1.36$0.31$1.05$1.31$1.42$0.11
2013Summary only. Only limited summary data is available for this year.$1.35$0.30$1.05$1.30$1.43$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.40$0.28$1.12$1.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.29$1.08$1.27