Civic Intelligence

Bozeman Symphony Society

990 • Fiscal year 2019 • EIN 81-6019534

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

1001 West OakBozeman, MT 59715

(406) 585-9774

Siviq Scores

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

Liabilities / Assets

60th percentile

0.07x

Higher debt load relative to assets than 60% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

58th percentile

0.05x

Higher debt load relative to revenue than 58% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

28th percentile

-4.8%

Higher net margin than 28% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

60th percentile

$37,132

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

21st percentile

-6.2%

Faster asset growth than 21% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

14th percentile

-22%

Faster revenue growth than 14% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$607,601

Down $40,304 (-6.2%) from 2018

Net Assets

Down

$564,344

Down $46,246 (-7.6%) from 2018

Liabilities

Up

$43,257

Up $5,942 (+16%) from 2018

Revenue

Down

$827,106

Down $232,499 (-22%) from 2018

Expenses

Up

$866,476

Up $37,453 (+4.5%) from 2018

Net Income

Down

-$39,370

Down $269,952 (-117%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $357,211Liabilities 2011: $28,151Net Assets 2011: $329,0602011Assets 2012: $425,115Liabilities 2012: $129,525Net Assets 2012: $295,5902012Assets 2013: $359,612Liabilities 2013: $94,205Net Assets 2013: $265,4072013Assets 2014: $326,351Liabilities 2014: $97,425Net Assets 2014: $228,9262014Assets 2015: $424,209Liabilities 2015: $137,813Net Assets 2015: $286,3962015Assets 2016: $357,826Liabilities 2016: $34,488Net Assets 2016: $323,3382016Assets 2017: $420,793Liabilities 2017: $20,820Net Assets 2017: $399,9732017Assets 2018: $647,905Liabilities 2018: $37,315Net Assets 2018: $610,5902018Assets 2019: $607,601Liabilities 2019: $43,257Net Assets 2019: $564,3442019Assets 2020: $544,701Liabilities 2020: $100,845Net Assets 2020: $443,8562020Assets 2021: $828,625Liabilities 2021: $73,436Net Assets 2021: $755,1892021Assets 2022: $825,039Liabilities 2022: $200,753Net Assets 2022: $624,2862022Assets 2023: $989,902Liabilities 2023: $607,793Net Assets 2023: $382,1092023Assets 2024: $887,212Liabilities 2024: $638,902Net Assets 2024: $248,3102024Assets 2025: $865,623Liabilities 2025: $605,384Net Assets 2025: $260,2392025

Highlighted filing

2019

Assets$607,601
Liabilities$43,257
Net Assets$564,344

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $721,0092011Expenses 2012: $757,6892012Expenses 2013: $776,2882013Revenue 2014: $662,126Expenses 2014: $718,795Net Income 2014: -$56,6692014Revenue 2015: $752,693Expenses 2015: $697,082Net Income 2015: $55,6112015Revenue 2016: $765,543Expenses 2016: $773,475Net Income 2016: -$7,9322016Revenue 2017: $833,526Expenses 2017: $758,854Net Income 2017: $74,6722017Revenue 2018: $1,059,605Expenses 2018: $829,023Net Income 2018: $230,5822018Revenue 2019: $827,106Expenses 2019: $866,476Net Income 2019: -$39,3702019Revenue 2020: $763,995Expenses 2020: $878,721Net Income 2020: -$114,7262020Revenue 2021: $908,996Expenses 2021: $655,641Net Income 2021: $253,3552021Revenue 2022: $1,499,677Expenses 2022: $1,584,733Net Income 2022: -$85,0562022Revenue 2023: $1,779,404Expenses 2023: $2,030,242Net Income 2023: -$250,8382023Revenue 2024: $2,087,410Expenses 2024: $2,242,567Net Income 2024: -$155,1572024Revenue 2025: $2,427,627Expenses 2025: $2,432,445Net Income 2025: -$4,8182025

Highlighted filing

2019

Revenue$827,106
Expenses$866,476
Net Income-$39,370
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 1, 2020
Return Version
2018v3.1
Gross Receipts
$837,379
Mission and Program Overview

Mission

The bozeman symphony provides programming for the benefit of individuals, students and musicians.

The bozeman symphony presents a repertoire of symphonic and choral music performed for the benefit of individuals, students and musicians residing in south-central montana. In addition to a wide variety of programming, the bozeman symphony supports educational programs and community outreach.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$263,395$278,876▲ $15,481
Savings and Temporary Cash Investments$134,256$240,723▲ $106,467
Cash and Non-Interest-Bearing Accounts$201,651$82,749▼ $118,902
Accounts Receivable$42,322$0▼ $42,322
Land, Buildings, and Equipment, Net$4,281$3,253▼ $1,028
Prepaid Expenses and Deferred Charges$2,000$2,000→ $0
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$647,905$607,601▼ $40,304
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$32,445$43,257▲ $10,812
Deferred Revenue$4,870--
Total Liabilities$37,315$43,257▲ $5,942
Net Assets / Fund Balance
Permanently Rstr Net Assets$198,410$198,410→ $0
Unrestricted Net Assets$247,096$196,334▼ $50,762
Temporarily Rstr Net Assets$165,084$169,600▲ $4,516
Total Net Assets Fund Balance$610,590$564,344▼ $46,246
Total Liabilities and Net Assets / Fund Balance$647,905$607,601▼ $40,304

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,193$47,179$48,372
Other Land Buildings-$9,500$9,500
Leasehold Improvements$2,060$4,112$6,172

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$263,396-▲ $15,480-$278,876
2017$245,392$5,214▲ $12,790-$263,396
2016$224,147$1,300▲ $19,945-$245,392
2015$221,244$1,500▲ $3,436-$224,147
2014$214,561$1,100▲ $7,620-$221,244
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christopher FreezeExecutive DirectorFT$36,233$899$37,132

Board Members and Trustees

NameTitle
Stephen SchachmanChair
Don PowellVice Chair
Bill AndersonDirector
Carole SissonDirector
Cliff SchutterDirector
Donald GimbelDirector
Lee SelbyDirector
Walter WunschDirector
Stuart WhitehairSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$400,522
Program Service Revenue
$392,625
Investment Income
$14,168
Other Revenue
$19,791
All Other Contributions
$397,902
Change in Net Assets
$-39,370
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$545,393
Other Expenses$321,083
Total Fundraising Expense$89,642
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$299,181$67,054$79,037$445,272
Occupancy$39,225$34,115-$73,340
All Other Expenses$47,768$7,126-$54,894
Payroll Taxes$27,205$9,568$7,319$44,092
Current Officers, Directors, Trustees, and Key Employees-$36,233-$36,233
Advertising$23,082--$23,082
Other Expenses$26,885$19,826-$19,826
Other Employee Benefits$12,214$4,296$3,286$19,796
Information Technology-$18,358-$18,358
Fees for Services Accounting-$14,680-$14,680
Fees for Services Legal-$11,251-$11,251
Travel$9,863$554-$10,417
Insurance-$9,185-$9,185
Office Expenses-$4,389-$4,389
Fees for Service Investment Mgmnt Fees-$2,464-$2,464
Depreciation Depletion-$1,028-$1,028
Total Functional Expenses$512,711$264,123$89,642$866,476
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$30,064
Fundraising Direct Expenses$10,273
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
The Next Fifty$28,359$28,359$2,014$26,345
Total Events$28,359$28,359$10,273$18,086
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

A copy of the form 990 is provided to the members of the governing body prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Management monitors and enforces compliance with the policy through regular review of potential conflicts.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, policies, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Bozeman Symphony Society
EIN
81-6019534
Phone
4065859774
Address
1001 WEST OAK, BOZEMAN, MT 59715

Signing Officer

Name
Stephen Schachman
Title
President
Signed
2020-04-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Schachman
Formed
1968
Legal Domicile
Mt
Voting Board Members
9
Independent Board Members
9
Employees
126
Volunteers
156

Preparer

Firm
Amatics CPA Group
Address
45 Discovery Drive, Bozeman, MT 59718
Preparer
Morgan Scarr
Phone
4064041925
Supplemental Narrative

Additional Explanations

Orchestra Members

Effective 1/1/2018, orchestra members are paid as employees (Form W-2 wages) rather than contractors (Form 1099 contract services), resulting in significant higher salaries and wages reported on this Form 990 than in prior years.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The bozeman symphony society endowment fund was established in 1998 by the board of directors to identify those donors whose vision for the future of the symphony is demonstrated by their support of its endowment. The society gratefully acknowledges any friend who makes provision for the symphony through the fund as a part of his or her estate planning or who wishes to make a direct gift to the fund. Your contribution to the fund brings the satisfaction of encouraging the symphony of today and perpetuating the symphony of tomorrow.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.61$0.26$2.43$2.43$0.00
2024Detailed filing. Detailed filing data is available for this year.$0.89$0.64$0.25$2.09$2.24$0.16
2023Detailed filing. Detailed filing data is available for this year.$0.99$0.61$0.38$1.78$2.03$0.25
2022Detailed filing. Detailed filing data is available for this year.$0.83$0.20$0.62$1.50$1.58$0.09
2021Detailed filing. Detailed filing data is available for this year.$0.83$0.07$0.76$0.91$0.66$0.25
2020Detailed filing. Detailed filing data is available for this year.$0.54$0.10$0.44$0.76$0.88$0.11
2019Detailed filing. Detailed filing data is available for this year.$0.61$0.04$0.56$0.83$0.87$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.65$0.04$0.61$1.06$0.83$0.23
2017Detailed filing. Detailed filing data is available for this year.$0.42$0.02$0.40$0.83$0.76$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.36$0.03$0.32$0.77$0.77$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.42$0.14$0.29$0.75$0.70$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.33$0.10$0.23$0.66$0.72$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.09$0.27$0.78
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.13$0.30$0.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.03$0.33$0.72
Peer Organizations

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