Civic Intelligence

Grand Rapids Symphony Foundation

990 • Fiscal year 2022 • EIN 81-4564213

Sep 01, 2021 to Aug 31, 2022 • Filed on Feb 27, 2023

Organization ProfileN/A
300 Ottawa Street NW Ste 100Grand Rapids, MI 49503

(616) 454-9451

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

Higher debt load relative to assets than 5% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

5th percentile

0.00x

Higher debt load relative to revenue than 5% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

86th percentile

41%

Higher net margin than 86% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

36th percentile

$203,540

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

7th percentile

-17%

Faster asset growth than 7% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

49th percentile

3.7%

Faster revenue growth than 49% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets5th percentile

Assets

Down

$26,897,521

Down $5,568,747 (-17%) from 2021

Net Assets

Down

$26,887,155

Down $5,564,418 (-17%) from 2021

Liabilities

Down

$10,366

Down $4,329 (-29%) from 2021

Revenue And Expenses
Liabilities / Revenue5th percentileNet Margin86th percentile

Revenue

Up

$2,358,348

Up $84,245 (+3.7%) from 2021

Expenses

Down

$1,397,165

Down $5,259 (-0.4%) from 2021

Net Income

Up

$961,183

Up $89,504 (+10%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$40M$30M$20M$10M$0Assets 2017: $0Net Assets 2017: $02017Assets 2018: $27,599,320Liabilities 2018: $21,421Net Assets 2018: $27,577,8992018Assets 2019: $26,575,235Liabilities 2019: $17,787Net Assets 2019: $26,557,4482019Assets 2020: $27,536,022Liabilities 2020: $11,473Net Assets 2020: $27,524,5492020Assets 2021: $32,466,268Liabilities 2021: $14,695Net Assets 2021: $32,451,5732021Assets 2022: $26,897,521Liabilities 2022: $10,366Net Assets 2022: $26,887,1552022Assets 2023: $27,529,242Liabilities 2023: $15,876Net Assets 2023: $27,513,3662023Assets 2024: $28,593,471Liabilities 2024: $11,915Net Assets 2024: $28,581,5562024

Highlighted filing

2022

Assets$26,897,521
Liabilities$10,366
Net Assets$26,887,155
Open 2022 Filing

Operations Trend

Revenue Growth49th percentile

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

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2018: $2,611,413Expenses 2018: $218,845Net Income 2018: $2,392,5682018Revenue 2019: $980,601Expenses 2019: $1,271,011Net Income 2019: -$290,4102019Revenue 2020: $414,119Expenses 2020: $1,456,143Net Income 2020: -$1,042,0242020Revenue 2021: $2,274,103Expenses 2021: $1,402,424Net Income 2021: $871,6792021Revenue 2022: $2,358,348Expenses 2022: $1,397,165Net Income 2022: $961,1832022Revenue 2023: $339,322Expenses 2023: $1,757,720Net Income 2023: -$1,418,3982023Revenue 2024: $977,865Expenses 2024: $3,402,679Net Income 2024: -$2,424,8142024

Highlighted filing

2022

Revenue$2,358,348
Expenses$1,397,165
Net Income$961,183
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Feb 27, 2023
Return Version
2021v4.0
Gross Receipts
$6,700,357
Mission and Program Overview

Mission

Supports the operations and programs of the grand rapids symphony society by sustaining the orchestra's concert, music education and accessibility programming across west michigan.

Supports the operations and programs of the grand rapids symphony society through sustainment of the orchestra's concert, music education and accessibility programming across west michigan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$28,667,522$24,344,953▼ $4,322,569
Other Notes and Loans Receivable, Net$1,951,028$1,951,028→ $0
Investments Other Securities$136,484$112,132▼ $24,352
Accounts Receivable$22,453$30,802▲ $8,349
Prepaid Expenses and Deferred Charges$2,250--
Total Assets$32,466,268$26,897,521▼ $5,568,747
Other Assets Total$1,686,531$458,606▼ $1,227,925
Liabilities
Other Liabilities$11,095$10,366▼ $729
Accounts Payable and Accrued Expenses$3,600--
Total Liabilities$14,695$10,366▼ $4,329
Net Assets / Fund Balance
Net Assets With Donor Restrictions$32,386,632$29,371,877▼ $3,014,755
Net Assets Without Donor Restrictions$64,941$-2,484,722▼ $2,549,663
Total Net Assets Fund Balance$32,451,573$26,887,155▼ $5,564,418
Total Liabilities and Net Assets / Fund Balance$32,466,268$26,897,521▼ $5,568,747

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$32,386,632$661,550▼ $2,307,171-$29,371,877
2021$27,524,549$509,024▲ $5,730,443-$32,386,632
2020$26,577,448$27,534▲ $2,367,481-$27,524,549
2019$27,577,899$66,987▲ $155,473-$26,557,448
2018$26,001,813$90,077▲ $1,704,854-$27,577,899
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleOtherTotal
Mary Tuuk KurasOutgoing Pre$203,540$203,540

Board Members and Trustees

NameTitle
Mary Tuuk KurasOutgoing President
Kathleen VogelsangTrustee
Mike VerhulstTrustee
Milt RohwerTrustee
Joan GaretyOutgoing CHA
William WalkerOutgoing Vic
Laina MillsPart Yr Chai
Robert CollierPart Yr Vice
Jennifer RemondinoSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$661,550
Program Service Revenue
$0
Investment Income
$1,696,798
Other Revenue
$0
All Other Contributions
$661,550
Change in Net Assets
$961,183

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
Securities Publicly Traded1$500,000Fair Market Value
Total Noncash Contributions1$500,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,330,317
Revenue Not Reported on Financial Statements
$28,031
Revenue Not Reported on Form 990
$-6,525,601
Total Revenue per Audited Statements
$-4,195,284
Total Revenue per Form 990
$2,358,348
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,200,000
Other Expenses$197,165
Total Fundraising Expense$83,245
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,200,000--$1,200,000
Fees for Services Management$7,011$67,997$65,205$140,213
Fees for Service Investment Mgmnt Fees-$28,031-$28,031
Other Expenses--$16,247$16,247
Occupancy$4,757$1,812$1,586$8,155
Fees for Services Accounting-$3,825-$3,825
Office Expenses-$487$207$694
Total Functional Expenses$1,211,768$102,152$83,245$1,397,165

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,397,165
Expenses per Audited Statements$1,369,134
Total Expenses per Audited Statements$1,369,134
Expenses Not Reported on Financial Statements$28,031
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Grand Rapids Symphony SocietyGrand Rapids, MI501c3Support Operations$1,200,000

International Summary

Spending
$2,683,922

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments---$2,683,922
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
Grand Rapids Symphony Society$10,366
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

“The symphony approves the decisions of the foundation's board.”

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

“The 990 is reviewed by the vice president of finance of society and the board of trustees and signed by the president prior to filing.”

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

“Board members and staff must sign the written conflict of interest policy annually and report any conflicts of interest on the form. Policy is monitored by the executive committee of the society.”

Form 990, Page 6, Part VI, Line 19

“The annual report with financial data is available on the website. Governing documents and conflicts of interest policy are available upon request from the corporate office.”

Form 990, Part VII

“Mary tuuk kuras retired as of 12/31/2022, and chuck frayer has been appointed president.”

Filing and Contact Details

Filer

Filer Name
Grand Rapids Symphony Foundation
EIN
81-4564213
Phone
6164549451
Address
300 OTTAWA STREET NW STE 100, GRAND RAPIDS, MI 49503

Signing Officer

Name
Chuck Frayer
Title
President
Phone
6164549451
Signed
2023-02-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chuck Frayer
Formed
2016
Legal Domicile
Mi
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
7

Preparer

Firm
Andrews Hooper Pavlik Plc
Address
2311 EAST BELTLINE AVE SE STE 200, GRAND RAPIDS, MI 49546
Preparer
Eric a Ryan
Phone
6169426440
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The internal revenue service has determined the society and foundation are exempt from federal income taxes under 501(c)(3) of the internal revenue code. However, income from certain activities not directly related to the society or foundation's tax-exempt purpose may be subject to taxation as unrelated business income (ubi). Since both organizations are exempt from federal income taxes, no provision for income taxes is included in the symphony's accompanying consolidated financial statements. Generally, tax years from 2018 through the current year remain open to examination. The symphony does not believe that the results from the examination of any open years would have a material adverse effect on the consolidated financial statements.”

Raw XML AppendixShowing 400 of 496 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt03600
IRS990/AccountsReceivableGrp/BOYAmt022453
IRS990/AccountsReceivableGrp/EOYAmt030802
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0SUPPORTS THE OPERATIONS AND PROGRAMS OF THE GRAND RAPIDS SYMPHONY SOCIETY THROUGH SUSTAINMENT OF THE ORCHESTRA'S CONCERT, MUSIC EDUCATION AND ACCESSIBILITY PROGRAMMING ACROSS WEST MICHIGAN.
IRS990/AllOtherContributionsAmt0661550
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0CHUCK FRAYER
IRS990/BooksInCareOfDetail/PhoneNum06164549451
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0300 OTTAWA AVENUE NW STE 100
IRS990/BooksInCareOfDetail/USAddress/CityNm0GRAND RAPIDS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd049503
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0661550
IRS990/CYGrantsAndSimilarPaidAmt01200000
IRS990/CYInvestmentIncomeAmt01696798
IRS990/CYOtherExpensesAmt0197165
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0961183
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01397165
IRS990/CYTotalFundraisingExpenseAmt083245
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02358348
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0CONTRIBUTIONS TO THE GRAND RAPIDS SYMPHONY SOCIETY.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt032386632
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt029371877
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01211768
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03825
IRS990/FeesForServicesAccountingGrp/TotalAmt03825
IRS990/FeesForServicesManagementGrp/FundraisingAmt065205
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt067997
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt07011
IRS990/FeesForServicesManagementGrp/TotalAmt0140213
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt028031
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt028031
IRS990/ForeignActivitiesInd0true
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt038.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt026066
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0MARY TUUK KURAS
IRS990/Form990PartVIISectionAGrp/PersonNm1JOAN GARETY
IRS990/Form990PartVIISectionAGrp/PersonNm2WILLIAM WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm3JENNIFER REMONDINO
IRS990/Form990PartVIISectionAGrp/PersonNm4LAINA MILLS
IRS990/Form990PartVIISectionAGrp/PersonNm5ROBERT COLLIER
IRS990/Form990PartVIISectionAGrp/PersonNm6MILT ROHWER
IRS990/Form990PartVIISectionAGrp/PersonNm7KATHLEEN VOGELSANG
IRS990/Form990PartVIISectionAGrp/PersonNm8MIKE VERHULST
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0177474
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0OUTGOING PRE
IRS990/Form990PartVIISectionAGrp/TitleTxt1OUTGOING CHA
IRS990/Form990PartVIISectionAGrp/TitleTxt2OUTGOING VIC
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4PART YR CHAI
IRS990/Form990PartVIISectionAGrp/TitleTxt5PART YR VICE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02016
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0455229
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantAmt01200000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01200000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01200000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt04797238
IRS990/GrossReceiptsAmt06700357
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt08
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt01241569
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01241569
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0136484
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0112132
IRS990/InvestmentsPubTradedSecGrp/BOYAmt028667522
IRS990/InvestmentsPubTradedSecGrp/EOYAmt024344953
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt04342009
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SUPPORTS THE OPERATIONS AND PROGRAMS OF THE GRAND RAPIDS SYMPHONY SOCIETY BY SUSTAINING THE ORCHESTRA'S CONCERT, MUSIC EDUCATION AND ACCESSIBILITY PROGRAMMING ACROSS WEST MICHIGAN.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt032451573
IRS990/NetAssetsOrFundBalancesEOYAmt026887155
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0455229
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0455229
IRS990/NetUnrlzdGainsLossesInvstAmt0-6525601
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt064941
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-2484722
IRS990/NoncashContributionsAmt0500000
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt01586
IRS990/OccupancyGrp/ManagementAndGeneralAmt01812
IRS990/OccupancyGrp/ProgramServicesAmt04757
IRS990/OccupancyGrp/TotalAmt08155
IRS990/OfficeExpensesGrp/FundraisingAmt0207
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0487
IRS990/OfficeExpensesGrp/TotalAmt0694
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01686531
IRS990/OtherAssetsTotalGrp/EOYAmt0458606
IRS990/OtherExpensesGrp/Desc0DONOR RELATIONS
IRS990/OtherExpensesGrp/FundraisingAmt016247
IRS990/OtherExpensesGrp/TotalAmt016247
IRS990/OtherLiabilitiesGrp/BOYAmt011095
IRS990/OtherLiabilitiesGrp/EOYAmt010366
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01951028
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01951028
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02250
IRS990/PrincipalOfficerNm0CHUCK FRAYER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0509024
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01222035
IRS990/PYInvestmentIncomeAmt01765079
IRS990/PYOtherExpensesAmt0180389
IRS990/PYRevenuesLessExpensesAmt0871679
IRS990/PYTotalExpensesAmt01402424
IRS990/PYTotalRevenueAmt02274103
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0961183
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0386005447
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01200000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0GRAND RAPIDS SYMPHONY SOCIETY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt01200000
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0169134
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt032386632
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0661550
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt029371877
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt01200000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-2307171
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0155349
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt027524549
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0509024
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt032386632
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt01222035
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05730443
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0162847
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt026577448
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt027534
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt027524549
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt01265067
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02367481
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0217911
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt027577899
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt066987
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt026557448
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt01025000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0155473
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0218845
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt026001813
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt090077
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt027577899
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01704854
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt028031
IRS990ScheduleD/ExpensesSubtotalAmt01369134
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt028031
IRS990ScheduleD/InvestmentExpensesNotIncldAmt028031
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-6525601
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010366
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0GRAND RAPIDS SYMPHONY SOCIETY
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0-6525601
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt028031
IRS990ScheduleD/RevenueSubtotalAmt02330317
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTERNAL REVENUE SERVICE HAS DETERMINED THE SOCIETY AND FOUNDATION ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE SOCIETY OR FOUNDATION'S TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME (UBI). SINCE BOTH ORGANIZATIONS ARE EXEMPT FROM FEDERAL INCOME TAXES, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE SYMPHONY'S ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. GENERALLY, TAX YEARS FROM 2018 THROUGH THE CURRENT YEAR REMAIN OPEN TO EXAMINATION. THE SYMPHONY DOES NOT BELIEVE THAT THE RESULTS FROM THE EXAMINATION OF ANY OPEN YEARS WOULD HAVE A MATERIAL ADVERSE EFFECT ON THE CONSOLIDATED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalExpensesPerForm990Amt01397165
IRS990ScheduleD/TotalLiabilityAmt010366
IRS990ScheduleD/TotalRevenuePerForm990Amt02358348
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-4195284
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01369134
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt02683922
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0CENTRAL AMERICA AND THE CARIBBEAN
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0INVESTMENTS
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0true
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0false
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalSpentAmt02683922
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0CENTRAL AMERICA AND THE CARIBBEAN 0 2,683,922
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE F, PAGE 1, PART I, LINE 3
IRS990ScheduleF/TotalSpentAmt02683922
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt01200000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT OPERATIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0GRAND RAPIDS SYMPHONY SOCIETY
IRS990ScheduleI/RecipientTable/RecipientEIN0366005447
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0300 OTTAWA AVE STE 100
IRS990ScheduleI/RecipientTable/USAddress/CityNm0GRAND RAPIDS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd049503
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRAND RAPIDS SYMPHONY OFFICE MAINTAINS A 12-QUARTER AVERAGE OF THE FOUNDATION'S TOTAL ASSETS. THE DRAW IS CALCULATED BY THE GRAND RAPIDS SYMPHONY OFFICE AND DOCUMENTED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0177474
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt026066
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARY TUUK KURAS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0OUTGOING PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0203540
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0500000
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SYMPHONY APPROVES THE DECISIONS OF THE FOUNDATION'S BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY THE VICE PRESIDENT OF FINANCE OF SOCIETY AND THE BOARD OF TRUSTEES AND SIGNED BY THE PRESIDENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS AND STAFF MUST SIGN THE WRITTEN CONFLICT OF INTEREST POLICY ANNUALLY AND REPORT ANY CONFLICTS OF INTEREST ON THE FORM. POLICY IS MONITORED BY THE EXECUTIVE COMMITTEE OF THE SOCIETY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ANNUAL REPORT WITH FINANCIAL DATA IS AVAILABLE ON THE WEBSITE. GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICY ARE AVAILABLE UPON REQUEST FROM THE CORPORATE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MARY TUUK KURAS RETIRED AS OF 12/31/2022, AND CHUCK FRAYER HAS BEEN APPOINTED PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0GRAND RAPIDS SYMPHONY SOCIETY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0386005447
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CONCERTS

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,897,521
Liabilities
$10,366
Net assets
$26,887,155
Revenue
$2,358,348
Expenses
$1,397,165
Net income
$961,183
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.6$0.01$28.6$0.98$3.40$2.42
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.5$0.02$27.5$0.34$1.76$1.42
2022Detailed filing. Detailed filing data is available for this year.$26.9$0.01$26.9$2.36$1.40$0.96
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.5$0.01$32.5$2.27$1.40$0.87
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.5$0.01$27.5$0.41$1.46$1.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.6$0.02$26.6$0.98$1.27$0.29
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.6$0.02$27.6$2.61$0.22$2.39
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • $25M-$50M nonprofits