Civic Intelligence

Abilene Philharmonic Foundation

990 • Fiscal year 2023 • EIN 75-2281734

Jun 01, 2022 to May 31, 2023 • Filed on Oct 23, 2023

Organization Profileabilenephilharmonic.org
1102 North 3rd StreetAbilene, TX 79601

(325) 677-6710

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

92nd percentile

58%

Higher net margin than 92% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

48th percentile

3.7%

Faster asset growth than 48% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

3rd percentile

-73%

Faster revenue growth than 3% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$3,945,036

Up $142,400 (+3.7%) from 2022

Net Assets

Up

$3,945,036

Up $142,400 (+3.7%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin92nd percentile

Revenue

Down

$360,206

Down $972,427 (-73%) from 2022

Expenses

Down

$150,879

Down $54,565 (-27%) from 2022

Net Income

Down

$209,327

Down $917,862 (-81%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth48th 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

2023

Assets$3,945,036
Liabilities$0
Net Assets$3,945,036
Open 2023 Filing

Operations Trend

Revenue Growth3rd 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

2023

Revenue$360,206
Expenses$150,879
Net Income$209,327
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
Oct 23, 2023
Return Version
2022v5.0
Gross Receipts
$944,703
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$3,166,058$3,374,893▲ $208,835
Cash and Non-Interest-Bearing Accounts$48,232$17,789▼ $30,443
Total Assets$3,802,636$3,945,036▲ $142,400
Other Assets Total$588,346$552,354▼ $35,992
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,802,636$3,945,036▲ $142,400
Total Net Assets Fund Balance$3,802,636$3,945,036▲ $142,400
Total Liabilities and Net Assets / Fund Balance$3,802,636$3,945,036▲ $142,400

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$7,056$7,056
Other Assets Org$552,354--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Jim PizzornoPresident
Mark HooverVice-president
Amos DavisDesignated Director
Gerard GibbsDesignated Director
Greg StraughnDesignated Director
Mandy GolliharDesignated Director
Josh FlemingDirector
Mark KappelDirector
Vance CookseySecretary
Mike YoungTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$291,533
Program Service Revenue
$0
Investment Income
$68,673
Other Revenue
$0
All Other Contributions
$291,533
Change in Net Assets
$209,327
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$107,106
Other Expenses$43,773
Total Fundraising Expense$28,344
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$107,106--$107,106
Other Expenses--$28,344$28,344
Fees for Service Investment Mgmnt Fees$14,679--$14,679
Fees for Services Accounting-$750-$750
Total Functional Expenses$121,785$750$28,344$150,879
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Abilene Philharmonic AssociationAbilene, TX501c3Operations$107,106
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
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Abilene Philharmonic Foundation
EIN
75-2281734
Phone
3256776710
Address
1102 NORTH 3RD STREET, ABILENE, TX 79601

Signing Officer

Name
Jim Pizzorno
Title
Pres
Phone
3256776710
Signed
2023-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Pizzorno
Formed
1988
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
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 Foundation provided funds to the Abilene Philharmonic Association to support all aspects of presenting orchesteral music, education and community engagement, including concerts for school children, for the city of Abilene, and the surrounding region.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0By providing a quarterly grant, the Foundation allows the Abilene Philharminoc Association to use those funds where they are most needed, in any area of its operations. The sole purpose of the Foundation is to manage endowment funds and provide suport to the Abilene Philharmonic Association.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1Currently, the Foundations distribution of investment gains provides just over 11 of the Associations annual receipts. 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 orchesteral music activities for the Association and/or having to increase its annual fundraising.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV Section E Line 2a
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part IV Section E Line 2b
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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/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0NONE
IRS990ScheduleI/RecipientTable/CashGrantAmt0107106
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501c3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0OPERATIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ABILENE PHILHARMONIC ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientEIN0756004678
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01102 NORTH 3RD STREET
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 FfOUNDATION AND KEEPS THE FOUNDATION INFORMED ABOUT THE ACTIVITIES OF THE ASSOCIATION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION MAKES ITS FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section C, Line 19
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0756004978
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SYMPHONY ORCHESTRA
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0401 CYPRESS STE 520
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ABILENE
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IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
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IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0107106
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt128344
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0BOARD DISCRETION AS NEEDED
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1NO COST TO SHARE FACILITY
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2REIM. ADMIN COSTS FOR FUNDRAISING
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0ABILENE PHILHARMONIC ASSOCIATION 75-6004978
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1ABILENE PHILHARMONIC ASSOCIATION 75-6004978
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2ABILENE PHILHARMONIC ASSOCIATION 75-6004978
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt0291533
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt028344
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0750
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0121785
IRS990/TotalFunctionalExpensesGrp/TotalAmt0150879
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IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03945036
IRS990/TotalProgramServiceExpensesAmt0121785
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0360206
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03945036
IRS990/TravelGrp/TotalAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,945,036
Liabilities
$0
Net assets
$3,945,036
Revenue
$360,206
Expenses
$150,879
Net income
$209,327
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