Civic Intelligence

Abilene Philharmonic Foundation

990 • Fiscal year 2017 • EIN 75-2281734

Jun 01, 2016 to May 31, 2017 • Filed on Jul 25, 2017

Organization Profileabilenephilharmonic.org
401 CYPRESS STREET Room 520Abilene, TX 79601

(325) 677-6710

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

85th percentile

31%

Higher net margin than 85% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

65th percentile

8.8%

Faster asset growth than 65% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

90th percentile

75%

Faster revenue growth than 90% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$2,254,320

Up $181,679 (+8.8%) from 2016

Net Assets

Up

$2,254,320

Up $181,679 (+8.8%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin85th percentile

Revenue

Up

$140,273

Up $59,968 (+75%) from 2016

Expenses

Up

$96,224

Up $3,063 (+3.3%) from 2016

Net Income

Up

$44,049

Up $56,905 (+443%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth65th percentile

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

$6.0M$4.0M$2.0M$0Assets 2012: $1,540,176Liabilities 2012: $0Net Assets 2012: $1,540,1762012Assets 2013: $1,743,110Liabilities 2013: $0Net Assets 2013: $1,743,1102013Assets 2014: $2,149,554Liabilities 2014: $0Net Assets 2014: $2,149,5542014Assets 2015: $2,187,638Liabilities 2015: $0Net Assets 2015: $2,187,6382015Assets 2016: $2,072,641Liabilities 2016: $0Net Assets 2016: $2,072,6412016Assets 2017: $2,254,320Liabilities 2017: $0Net Assets 2017: $2,254,3202017Assets 2018: $2,422,419Liabilities 2018: $0Net Assets 2018: $2,422,4192018Assets 2019: $2,388,877Liabilities 2019: $0Net Assets 2019: $2,388,8772019Assets 2020: $2,485,641Liabilities 2020: $0Net Assets 2020: $2,485,6412020Assets 2021: $3,129,371Liabilities 2021: $0Net Assets 2021: $3,129,3712021Assets 2022: $3,802,636Liabilities 2022: $0Net Assets 2022: $3,802,6362022Assets 2023: $3,945,036Liabilities 2023: $0Net Assets 2023: $3,945,0362023Assets 2024: $4,691,639Liabilities 2024: $0Net Assets 2024: $4,691,6392024Assets 2025: $5,037,097Liabilities 2025: $0Net Assets 2025: $5,037,0972025

Highlighted filing

2017

Assets$2,254,320
Liabilities$0
Net Assets$2,254,320
Open 2017 Filing

Operations Trend

Revenue Growth90th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $75,207Expenses 2012: $79,609Net Income 2012: -$4,4022012Revenue 2013: $128,145Expenses 2013: $82,022Net Income 2013: $46,1232013Revenue 2014: $384,219Expenses 2014: $80,158Net Income 2014: $304,0612014Revenue 2015: $137,966Expenses 2015: $103,787Net Income 2015: $34,1792015Revenue 2016: $80,305Expenses 2016: $93,161Net Income 2016: -$12,8562016Revenue 2017: $140,273Expenses 2017: $96,224Net Income 2017: $44,0492017Revenue 2018: $167,442Expenses 2018: $107,352Net Income 2018: $60,0902018Revenue 2019: $236,946Expenses 2019: $101,326Net Income 2019: $135,6202019Revenue 2020: $184,363Expenses 2020: $117,474Net Income 2020: $66,8892020Revenue 2021: $122,058Expenses 2021: $44,939Net Income 2021: $77,1192021Revenue 2022: $1,332,633Expenses 2022: $205,444Net Income 2022: $1,127,1892022Revenue 2023: $360,206Expenses 2023: $150,879Net Income 2023: $209,3272023Revenue 2024: $497,415Expenses 2024: $125,151Net Income 2024: $372,2642024Revenue 2025: $375,840Expenses 2025: $174,750Net Income 2025: $201,0902025

Highlighted filing

2017

Revenue$140,273
Expenses$96,224
Net Income$44,049
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Jul 25, 2017
Return Version
2016v3.0
Gross Receipts
$560,490
Mission and Program Overview

Mission

The mission is to manage endowment funds for the abilene philharmonic association.

Funds were provided by appropriate investments for the benefit of the abilene philharmonic association, ein 75-6004978.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,612,396$1,758,431▲ $146,035
Cash and Non-Interest-Bearing Accounts$474$924▲ $450
Total Assets$2,072,641$2,254,320▲ $181,679
Other Assets Total$459,771$494,965▲ $35,194
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,072,641$2,254,320▲ $181,679
Total Net Assets Fund Balance$2,072,641$2,254,320▲ $181,679
Total Liabilities and Net Assets / Fund Balance$2,072,641$2,254,320▲ $181,679

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$7,056$7,056
Other Assets Org$494,965--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Jon ThornePresident
Harriet ConnorVice-president
Joanne VaughanDesignated Director
Trish TrifiloDesignated Director
Allan MeadorDirector
Jill Bailey HoebelheinrichDirector
Catherine LansdowneEx-officio Non Voting
Jolene SollivanSecretary
Frank JohnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$49,161
Program Service Revenue
$0
Investment Income
$91,112
Other Revenue
$0
All Other Contributions
$49,161
Change in Net Assets
$44,049
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$81,813
Other Expenses$14,411
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$81,813--$81,813
Fees for Service Investment Mgmnt Fees$12,743--$12,743
Fees for Services Accounting$1,400--$1,400
Other Expenses$268--$268
Total Functional Expenses$96,224$0$0$96,224
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Abilene Philharmonic AssociationAbilene, TX501c3Operations$81,813
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
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 15

“The organization does not have employees.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Abilene Philharmonic Foundation
EIN
75-2281734
Phone
3256776710
Address
401 CYPRESS STREET Room 520, ABILENE, TX 79601

Signing Officer

Name
Jon Thorne
Title
President
Signed
2017-07-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Crawford
Formed
1988
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
8
Employees
0

Preparer

Firm
McCURDY STEWART & SOUTHWARD PC
Address
425 CYPRESS STREET, ABILENE, TX 79601
Preparer
Kris Southward
Phone
3256771231
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0Part IV Section E Line 2a Through its investment activities and distribution of endowment investment gains, the Abilene Philharmonic Foundation provided funds to the Abilene Philharmonic Association to support all aspects of presenting orchestral music, and education and community engagement, including concerts for school children, for the city of Abilene and the surrounding region. -- Continued Below --
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0By providing a grant, paid quarterly, the Abilene Philharmonic Foundation allows the Abilene Philharmonic Association to use those funds where they are most needed, in any area of its operations. The sole purpose of the Abilene Philharmonic Foundation is to manage endowment funds and provide support to the Abilene Philharmonic Association.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1Currently, the Foundations distribution of investment gains provide just over ten percent of the Associations budget. If the Foundation did not perform their activities the Association would be forced to assume those responsibilities which could potentially result in a decrease in orchestral music activities for the Association and/or having to increase its annual fundraising.
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IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0494965
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICIAL INTEREST IN ASSETS HELD BY OTHERS
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07056
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt07056
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
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IRS990ScheduleI/RecipientTable/CashGrantAmt081813
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Operations
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Abilene Philharmonic Association
IRS990ScheduleI/RecipientTable/RecipientEIN0756004978
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0401 Cypress St
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Abilene
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd079601
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The executive director of the Abilene Philharmonic Association serves as an ex-officio non-voting member of the board of directors of the Foundation and keeps the members informed about the activities of the Association.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 2
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SYMPHONY ORCHESTRA
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0401 CYPRESS STE 520
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalProgramServiceExpensesAmt096224
IRS990/TotalRevenueGrp/ExclusionAmt040060
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02254320
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0true
IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01910 CAMPBELL DRIVE
IRS990/USAddress/CityNm0ABILENE
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,254,320
Liabilities
$0
Net assets
$2,254,320
Revenue
$140,273
Expenses
$96,224
Net income
$44,049
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.04$0.00$5.04$0.38$0.17$0.20
2024Detailed filing. Detailed filing data is available for this year.$4.69$0.00$4.69$0.50$0.13$0.37
2023Detailed filing. Detailed filing data is available for this year.$3.95$0.00$3.95$0.36$0.15$0.21
2022Detailed filing. Detailed filing data is available for this year.$3.80$0.00$3.80$1.33$0.21$1.13
2021Detailed filing. Detailed filing data is available for this year.$3.13$0.00$3.13$0.12$0.04$0.08
2020Detailed filing. Detailed filing data is available for this year.$2.49$0.00$2.49$0.18$0.12$0.07
2019Detailed filing. Detailed filing data is available for this year.$2.39$0.00$2.39$0.24$0.10$0.14
2018Detailed filing. Detailed filing data is available for this year.$2.42$0.00$2.42$0.17$0.11$0.06
2017Detailed filing. Detailed filing data is available for this year.$2.25$0.00$2.25$0.14$0.10$0.04
2016Detailed filing. Detailed filing data is available for this year.$2.07$0.00$2.07$0.08$0.09$0.01
2015Detailed filing. Detailed filing data is available for this year.$2.19$0.00$2.19$0.14$0.10$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.15$0.00$2.15$0.38$0.08$0.30
2013Summary only. Only limited summary data is available for this year.$1.74$0.00$1.74$0.13$0.08$0.05
2012Summary only. Only limited summary data is available for this year.$1.54$0.00$1.54$0.08$0.08$0.00