Civic Intelligence

Magic Valley Symphony Orchestra Inc.

990EZ • Fiscal year 2024 • EIN 82-6008069

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 27, 2025

Organization ProfileN/A
PO Box 1805Twin Falls, ID 83303

(208) 734-6549

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2024

Net Margin

51st percentile

3.6%

Higher net margin than 51% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$6,600

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 8.3% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

52nd percentile

2.2%

Faster asset growth than 52% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

26th percentile

-19%

Faster revenue growth than 26% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$119,726

Up $2,541 (+2.2%) from 2023

Net Assets

Up

$119,726

Up $2,889 (+2.5%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin51st percentile

Revenue

Down

$79,172

Down $19,178 (-19%) from 2023

Expenses

Up

$76,283

Up $12,594 (+20%) from 2023

Net Income

Down

$2,889

Down $31,772 (-92%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

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

$150K$100K$50K$0Assets 2012: $51,089Liabilities 2012: $02012Assets 2017: $61,012Liabilities 2017: $0Net Assets 2017: $61,0122017Assets 2018: $73,443Liabilities 2018: $0Net Assets 2018: $73,4432018Assets 2019: $67,573Liabilities 2019: $0Net Assets 2019: $67,5732019Assets 2020: $87,012Liabilities 2020: $0Net Assets 2020: $87,0122020Assets 2021: $59,877Liabilities 2021: $0Net Assets 2021: $59,8772021Assets 2022: $82,176Liabilities 2022: $0Net Assets 2022: $82,1762022Assets 2023: $117,185Liabilities 2023: $348Net Assets 2023: $116,8372023Assets 2024: $119,726Net Assets 2024: $119,7262024Assets 2025: $130,257Net Assets 2025: $130,2572025

Highlighted filing

2024

Assets$119,726
Liabilities-
Net Assets$119,726
Open 2024 Filing

Operations Trend

Revenue Growth26th percentile

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

$100K$50K$0-$50KRevenue 2012: $31,105Expenses 2012: $38,578Net Income 2012: -$7,4732012Revenue 2017: $59,026Expenses 2017: $55,048Net Income 2017: $3,9782017Revenue 2018: $67,695Expenses 2018: $55,264Net Income 2018: $12,4312018Revenue 2019: $84,495Expenses 2019: $90,365Net Income 2019: -$5,8702019Revenue 2020: $73,729Expenses 2020: $54,290Net Income 2020: $19,4392020Revenue 2021: $18,070Expenses 2021: $45,205Net Income 2021: -$27,1352021Revenue 2022: $78,026Expenses 2022: $55,727Net Income 2022: $22,2992022Revenue 2023: $98,350Expenses 2023: $63,689Net Income 2023: $34,6612023Revenue 2024: $79,172Expenses 2024: $76,283Net Income 2024: $2,8892024Revenue 2025: $70,091Expenses 2025: $59,560Net Income 2025: $10,5312025

Highlighted filing

2024

Revenue$79,172
Expenses$76,283
Net Income$2,889
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 27, 2025
Return Version
2023v6.0
Gross Receipts
$79,172
Mission and Program Overview

Mission

To provide exposure, education, musical training, and performance opportunities in classical music to students and adult performance of music. The Magic Valley Symphony provides training and performance opportunities for musicians of all ages. Scholarships also provide the local community with the performances that otherwise would not be available.

Music education and entertainment

Program Services

DescriptionGrantsExpenses
MUSIC EDUCATION AND ENTERTAINMENT--
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
THEODORE A HADLEYMusic DirectorPT$6,600-$6,600
ELIZABETH THOMSENSec Treas-$1,726-$1,726
KEVIN HOWARDPresidentPT$0--
ANNETTE BARNUMVice President-$0--
Filing and Contact Details

Filer

Filer Name
Magic Valley Symphony Orchestra Inc
EIN
82-6008069
Phone
2087346549
Address
PO BOX 1805, TWIN FALLS, ID 83303

Signing Officer

Name
Kevin Howard
Title
President
Signed
2025-01-27
Discuss with paid preparer
Yes

Preparer

Firm
Workman and Company
Address
2190 Village Park Ave, Twin Falls, ID 83301
Preparer
Dennis R Brown CPA
Phone
2087331161
Supplemental Narrative

Additional Explanations

Part III - Primary Exempt Purpose:

“To provide music education and entertainment to the residents of Southern Idaho.”

Part I - Line 16 Other Expenses:

“Programs and brochures $ 3900 Donor Circle Dinner 4356 Supplies and Equip 6643 Music 2524 Concerts Meetings 13132”

Raw XML Appendix172 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.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SEC TREAS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3MUSIC DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990EZ/OtherExpensesTotalAmt030555
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0To provide music education and entertainment to the residents of Southern Idaho.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Programs and brochures $ 3900 Donor Circle Dinner 4356 Supplies and Equip 6643 Music 2524 Concerts Meetings 13132
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part III - Primary Exempt Purpose:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I - Line 16 Other Expenses:
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN HOWARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGIC VALLEY SYMPHONY ORCHESTRA INC
ReturnHeader/Filer/BusinessNameControlTxt0MAGI
ReturnHeader/Filer/EIN0826008069
ReturnHeader/Filer/PhoneNum02087346549
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1805
ReturnHeader/Filer/USAddress/CityNm0TWIN FALLS
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ReturnHeader/Filer/USAddress/ZIPCd083303
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WORKMAN AND COMPANY
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Twin Falls
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ReturnHeader/PreparerPersonGrp/PhoneNum02087331161
ReturnHeader/PreparerPersonGrp/PreparationDt02025-02-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DENNIS R BROWN CPA
ReturnHeader/ReturnTs02025-02-04T17:38:51Z
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$119,726
Liabilities
-
Net assets
$119,726
Revenue
$79,172
Expenses
$76,283
Net income
$2,889
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.30$1.30$0.70$0.60$0.11
2024Detailed filing. Detailed filing data is available for this year.$1.20$1.20$0.79$0.76$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.98$0.64$0.35
2022Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.82$0.78$0.56$0.22
2021Detailed filing. Detailed filing data is available for this year.$0.60$0.00$0.60$0.18$0.45$0.27
2020Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.74$0.54$0.19
2019Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.68$0.84$0.90$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$0.68$0.55$0.12
2017Detailed filing. Detailed filing data is available for this year.$0.61$0.00$0.61$0.59$0.55$0.04
2012Summary only. Only limited summary data is available for this year.$0.51$0.00$0.31$0.39$0.07