Civic Intelligence

Grand Junction Symphony Orchestra

990 • Fiscal year 2021 • EIN 84-0759502

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 18, 2022

414 Main StreetGrand Junction, CO 81501

(970) 243-6787

Siviq Scores

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

Liabilities / Assets

81st percentile

0.33x

Higher debt load relative to assets than 81% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

72nd percentile

0.18x

Higher debt load relative to revenue than 72% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

77th percentile

34%

Higher net margin than 77% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

81st percentile

$78,200

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 10.9% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

85th percentile

58%

Faster asset growth than 85% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

29th percentile

-4.2%

Faster revenue growth than 29% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$384,544

Up $140,489 (+58%) from 2020

Net Assets

Up

$256,754

Up $244,091 (+1928%) from 2020

Liabilities

Down

$127,790

Down $103,602 (-45%) from 2020

Revenue

Down

$714,578

Down $31,471 (-4.2%) from 2020

Expenses

Down

$470,487

Down $336,572 (-42%) from 2020

Net Income

Up

$244,091

Up $305,101 (+500%) from 2020

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2012: $231,473Liabilities 2012: $105,784Net Assets 2012: $125,6892012Assets 2013: $247,235Liabilities 2013: $94,988Net Assets 2013: $152,2472013Assets 2014: $274,638Liabilities 2014: $126,857Net Assets 2014: $147,7812014Assets 2015: $275,955Liabilities 2015: $130,636Net Assets 2015: $145,3192015Assets 2016: $316,863Liabilities 2016: $167,341Net Assets 2016: $149,5222016Assets 2017: $279,794Liabilities 2017: $168,738Net Assets 2017: $111,0562017Assets 2018: $280,141Liabilities 2018: $172,886Net Assets 2018: $107,2552018Assets 2019: $300,946Liabilities 2019: $227,273Net Assets 2019: $73,6732019Assets 2020: $244,055Liabilities 2020: $231,392Net Assets 2020: $12,6632020Assets 2021: $384,544Liabilities 2021: $127,790Net Assets 2021: $256,7542021Assets 2022: $429,706Liabilities 2022: $197,551Net Assets 2022: $232,1552022Assets 2023: $362,606Liabilities 2023: $242,064Net Assets 2023: $120,5422023Assets 2025: $524,202Liabilities 2025: $357,816Net Assets 2025: $166,3862025

Highlighted filing

2021

Assets$384,544
Liabilities$127,790
Net Assets$256,754

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $596,548Expenses 2012: $638,494Net Income 2012: -$41,9462012Revenue 2013: $598,705Expenses 2013: $572,147Net Income 2013: $26,5582013Revenue 2014: $569,828Expenses 2014: $574,294Net Income 2014: -$4,4662014Revenue 2015: $646,929Expenses 2015: $649,391Net Income 2015: -$2,4622015Revenue 2016: $708,414Expenses 2016: $704,211Net Income 2016: $4,2032016Revenue 2017: $617,606Expenses 2017: $656,072Net Income 2017: -$38,4662017Revenue 2018: $682,849Expenses 2018: $686,650Net Income 2018: -$3,8012018Revenue 2019: $820,800Expenses 2019: $854,382Net Income 2019: -$33,5822019Revenue 2020: $746,049Expenses 2020: $807,059Net Income 2020: -$61,0102020Revenue 2021: $714,578Expenses 2021: $470,487Net Income 2021: $244,0912021Revenue 2022: $736,677Expenses 2022: $761,276Net Income 2022: -$24,5992022Revenue 2023: $789,943Expenses 2023: $901,556Net Income 2023: -$111,6132023Revenue 2025: $1,061,031Expenses 2025: $1,014,330Net Income 2025: $46,7012025

Highlighted filing

2021

Revenue$714,578
Expenses$470,487
Net Income$244,091
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 18, 2022
Return Version
2020v4.0
Gross Receipts
$763,107
Mission and Program Overview

Mission

The grand junction symphony is one of the leading cultural institutions in the grand

To engage and enrich our community through symphonic music.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$192,554$339,303▲ $146,749
Land, Buildings, and Equipment, Net$40,050$29,358▼ $10,692
Prepaid Expenses and Deferred Charges$4,131$11,883▲ $7,752
Savings and Temporary Cash Investments$6,420--
Accounts Receivable$900$4,000▲ $3,100
Total Assets$244,055$384,544▲ $140,489
Liabilities
Deferred Revenue$140,400$121,882▼ $18,518
Unsecured Notes Loans Payable$87,800--
Accounts Payable and Accrued Expenses$3,192$5,908▲ $2,716
Total Liabilities$231,392$127,790▼ $103,602
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,663$231,778▲ $219,115
Net Assets With Donor Restrictions-$24,976-
Total Net Assets Fund Balance$12,663$256,754▲ $244,091
Total Liabilities and Net Assets / Fund Balance$244,055$384,544▲ $140,489

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$29,358$156,617$185,975
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kelly AndersonExecutive DiFT$78,200$78,200

Board Members and Trustees

NameTitle
Betsy BrodakPresident
Andrew JonesBoard Member
Bennett BoeschensteinBoard Member
Brian KrinkeBoard Member
Chris UnfugBoard Member
Cindy BurdetteBoard Member
Eli AgajanianBoard Member
Karen HildebrandtBoard Member
Laurel BartholomayBoard Member
Marshall GallantBoard Member
Merritt KinseyBoard Member
Rebecca ConradBoard Member
Richard HansenBoard Member
Sadye SaadBoard Member
Sherry BrightBoard Member
Steve ShultzBoard Member
Susanne ArmstrongBoard Member
Toni Heiden-moranBoard Member
William AikensBoard Member
Annie MurphySecretary
LYNNE O'CONNELLVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$561,252
Program Service Revenue
$75,926
Investment Income
$33
Other Revenue
$77,367
All Other Contributions
$445,722
Change in Net Assets
$244,091
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$303,206
Other Expenses$167,281
Total Fundraising Expense$62,953
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$134,897$43,435$21,194$199,526
Current Officers, Directors, Trustees, and Key Employees$23,460$39,100$15,640$78,200
Payroll Taxes$18,587$3,513$1,568$23,668
Advertising$13,311$4,047-$17,358
Interest$9,173$4,781$2,133$16,087
Office Expenses$8,783$4,622$2,003$15,408
Fees for Services Accounting$7,203$2,755$2,675$12,633
Depreciation Depletion$5,413$2,849$1,236$9,498
Other Expenses$-1,478$3,452$7,061$5,583
All Other Expenses$2,996$1,171$522$4,689
Other Employee Benefits$1,307$349$156$1,812
Occupancy$316$548$80$944
Total Functional Expenses$296,912$110,622$62,953$470,487
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$89,932
Gaming Direct Expenses$47,334
Fundraising Gross Income$34,769
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Events$34,769$34,769-$34,769
Total Events$34,769$34,769-$34,769
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

A draft of the 990 is sent to the board treasurer for approval and signature prior to the filing deadline. All board members are sent a copy of the filed and signed 990. After board members review the final 990, a formal vote for ratification of the filing of the 990 is held at the next monthly board meeting.

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

The directors and employees are required to disclose a potential conflict of interest as it arises. Each year, everyone is required to sign a statement stating that they have read and agree to the policy. The finance committee also periodically reviews random transactions/agreements to ensure that they meet the standards of the organization.

Form 990, Page 6, Part VI, Line 15A

The compensation for the executive director and music director is governed by the personal committee. The salary is recommended based on job performance evaluation and comparison to similar employees in similar positions in the community and throughout the country. The committee recommends the salary which is then voted on for approval by the executive committee, an independent committee. See explanation for executive director and music director.

Form 990, Page 6, Part VI, Line 15B

The compensation for the other officers is consistent with thte policy for the executive director and music director as described above.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Grand Junction Symphony Orchestra
EIN
84-0759502
Phone
9702436787
Address
414 MAIN STREET, GRAND JUNCTION, CO 81501

Signing Officer

Name
Kelly Anderson
Title
Executive Director
Phone
9702436787
Signed
2022-04-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Betsy Brodak
Formed
1982
Voting Board Members
22
Independent Board Members
22
Employees
136
Volunteers
95

Preparer

Firm
Soronen Donley Patterson CPA Pc
Address
706 S 9TH ST 1, GRAND JUNCTION, CO 81501-3736
Preparer
David L Patterson CPA
Phone
9702418346
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Gifts to the gjso foundation build the permanent endowment dedicated to providing ongoing funding for the symphony orchestra. Donations to the principle endowment fund remain restricted and intact for perpetuity. Of the total assets, 4% fund an annual gift to the symphony for operations and to underwrite a concert. The remaining is remitted to grow assets.

Schedule D, Page 3, Part X

The gjso is required to assess whether it is more-likely-than-not that a tax position will be sustained upon examination on the technical merits of the position assuming the taxing authority has full knowledge of all information. If the tax position does not meet the more-likely-than-not recognition threshhold, the benefit of that position is not recognized in the consolidated financial statements. The gjso has determined there are no amounts to record as assets or liabilites related to uncertain tax positions.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.36$0.17$1.06$1.01$0.05
2023Summary only. Only limited summary data is available for this year.$0.36$0.24$0.12$0.79$0.90$0.11
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.20$0.23$0.74$0.76$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.38$0.13$0.26$0.71$0.47$0.24
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.24$0.23$0.01$0.75$0.81$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.30$0.23$0.07$0.82$0.85$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$0.17$0.11$0.68$0.69$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$0.17$0.11$0.62$0.66$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.32$0.17$0.15$0.71$0.70$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.28$0.13$0.15$0.65$0.65$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.27$0.13$0.15$0.57$0.57$0.00
2013Summary only. Only limited summary data is available for this year.$0.25$0.09$0.15$0.60$0.57$0.03
2012Summary only. Only limited summary data is available for this year.$0.23$0.11$0.13$0.60$0.64$0.04
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $500k-$1M nonprofits