Civic Intelligence

Foundation for the Santa Fe Symphony Orchestra and Chorus Inc

990 • Fiscal year 2016 • EIN 85-0478786

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 23, 2017

551 West Cordova RoadSanta Fe, NM 87505

(505) 983-3530

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

14th percentile

0.00x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

1st percentile

-278%

Higher net margin than 1% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

58th percentile

$79,173

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 204.8% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

12th percentile

-10%

Faster asset growth than 12% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

1st percentile

-87%

Faster revenue growth than 1% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$2,162,019

Down $245,432 (-10%) from 2015

Net Assets

Down

$2,162,019

Down $240,713 (-10%) from 2015

Liabilities

Down

$0

Down $4,719 (-100%) from 2015

Revenue

Down

$38,665

Down $267,428 (-87%) from 2015

Expenses

Down

$146,332

Down $7,115 (-4.6%) from 2015

Net Income

Down

-$107,667

Down $260,313 (-171%) from 2015

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,128,327Liabilities 2011: $4,552Net Assets 2011: $2,123,7752011Assets 2012: $2,150,148Liabilities 2012: $5,247Net Assets 2012: $2,144,9012012Assets 2013: $2,295,397Liabilities 2013: $7,248Net Assets 2013: $2,288,1492013Assets 2014: $2,436,063Liabilities 2014: $4,155Net Assets 2014: $2,431,9082014Assets 2015: $2,407,451Liabilities 2015: $4,719Net Assets 2015: $2,402,7322015Assets 2016: $2,162,019Liabilities 2016: $0Net Assets 2016: $2,162,0192016Assets 2017: $2,671,450Liabilities 2017: $4,894Net Assets 2017: $2,666,5562017Assets 2018: $2,736,831Liabilities 2018: $4,777Net Assets 2018: $2,732,0542018Assets 2019: $2,996,079Liabilities 2019: $0Net Assets 2019: $2,996,0792019Assets 2020: $2,902,457Liabilities 2020: $0Net Assets 2020: $2,902,4572020Assets 2021: $3,293,724Liabilities 2021: $0Net Assets 2021: $3,293,7242021Assets 2022: $2,822,575Liabilities 2022: $4,665Net Assets 2022: $2,817,9102022Assets 2023: $2,935,401Liabilities 2023: $1,519Net Assets 2023: $2,933,8822023Assets 2024: $3,197,272Liabilities 2024: $5,119Net Assets 2024: $3,192,1532024

Highlighted filing

2016

Assets$2,162,019
Liabilities$0
Net Assets$2,162,019

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $104,975Expenses 2011: $93,213Net Income 2011: $11,7622011Revenue 2012: $104,668Expenses 2012: $106,499Net Income 2012: -$1,8312012Expenses 2013: $122,4552013Revenue 2014: $158,944Expenses 2014: $179,272Net Income 2014: -$20,3282014Revenue 2015: $306,093Expenses 2015: $153,447Net Income 2015: $152,6462015Revenue 2016: $38,665Expenses 2016: $146,332Net Income 2016: -$107,6672016Revenue 2017: $441,464Expenses 2017: $147,033Net Income 2017: $294,4312017Revenue 2018: $101,145Expenses 2018: $139,894Net Income 2018: -$38,7492018Revenue 2019: $571,847Expenses 2019: $362,249Net Income 2019: $209,5982019Revenue 2020: $94,437Expenses 2020: $249,210Net Income 2020: -$154,7732020Revenue 2021: $382,628Expenses 2021: $319,149Net Income 2021: $63,4792021Revenue 2022: $650,667Expenses 2022: $175,781Net Income 2022: $474,8862022Revenue 2023: $28,972Expenses 2023: $173,602Net Income 2023: -$144,6302023Revenue 2024: $255,624Expenses 2024: $165,693Net Income 2024: $89,9312024

Highlighted filing

2016

Revenue$38,665
Expenses$146,332
Net Income-$107,667
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 23, 2017
Return Version
2015v3.0
Gross Receipts
$1,387,609
Mission and Program Overview

Mission

To support and promote the efforts of the santa fe symphony orchestra & chorus inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,277,049$1,939,217▼ $337,832
Savings and Temporary Cash Investments$27,425$144,348▲ $116,923
Pledges and Grants Receivable$12,077--
Total Assets$2,407,451$2,162,019▼ $245,432
Other Assets Total$90,900$78,454▼ $12,446
Liabilities
Accounts Payable and Accrued Expenses$4,719--
Total Liabilities$4,719$0▼ $4,719
Net Assets / Fund Balance
Unrestricted Net Assets$2,291,610$2,017,975▼ $273,635
Permanently Rstr Net Assets$99,044$144,044▲ $45,000
Temporarily Rstr Net Assets$12,078--
Total Net Assets Fund Balance$2,402,732$2,162,019▼ $240,713
Total Liabilities and Net Assets / Fund Balance$2,407,451$2,162,019▼ $245,432

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$96,663$50,000▼ $2,619-$144,044
2014$96,032-▲ $631-$96,663
2013$86,545-▲ $9,487-$96,032
2012$91,159-▲ $708$-4,841$86,545
2011$91,946--$-4,502$91,159
Compensation and Service Providers

Employees

NameTitleOtherTotal
Gregory W HeltmanSecretary$79,173$79,173

Board Members and Trustees

NameTitle
Michael DegenringPresident
Eileen MandelDirector
Janet Zlatoff-mirskyDirector
Marion SkubiDirector
John H MurphyEx Officio
Revenue and Support

Revenue Composition

Contributions and Grants
$22,639
Program Service Revenue
$0
Investment Income
$16,026
Other Revenue
$0
All Other Contributions
$22,639
Change in Net Assets
$-107,667
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$146,332
Total Fundraising Expense$5,820
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$125,000--$125,000
Fees for Services Accounting-$4,567-$4,567
Office Expenses$494--$494
Other Expenses-$10$5,820$10
Total Functional Expenses$125,494$15,018$5,820$146,332
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
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 information return was provided to board members electronically and comments solicited prior to filing.

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

The foundation does not currently have employees however a process is in place in the event the foundation has employees in the future to ensure compensation includes a review and approval process by the board of directors.

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

The foundation does not currently have employees however a process is in place in the event the foundation has employees in the future to ensure compensation includes a review and approval process by the board of directors.

Form 990, Page 6, Part VI, Line 19

Available to public upon request.

Filing and Contact Details

Filer

Filer Name
Foundation for the Santa Fe
EIN
85-0478786
Phone
5059833530
Address
551 WEST CORDOVA ROAD, SANTA FE, NM 87505

Signing Officer

Name
Gregory W Heltman
Title
Secretary
Phone
5059833530
Signed
2017-03-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory W Heltman
Formed
2000
Legal Domicile
Nm
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Loftis Group LLC
Address
4811 HARDWARE RD NE STE E-4, ALBUQUERQUE, NM 87109-2023
Preparer
Frank T Lovato
Phone
5052935009
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION DOES NOT CURRENTLY HAVE EMPLOYEES HOWEVER A PROCESS IS IN PLACE IN THE EVENT THE FOUNDATION HAS EMPLOYEES IN THE FUTURE TO ENSURE COMPENSATION INCLUDES A REVIEW AND APPROVAL PROCESS BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION DOES NOT CURRENTLY HAVE EMPLOYEES HOWEVER A PROCESS IS IN PLACE IN THE EVENT THE FOUNDATION HAS EMPLOYEES IN THE FUTURE TO ENSURE COMPENSATION INCLUDES A REVIEW AND APPROVAL PROCESS BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE TO PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE SANTA FE SYMPHONY ORCHESTRA & C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0850331684
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 9692
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SANTA FE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd087504
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0125000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt112466
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt210891
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt32120
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL DISBURSEMENTS
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1ACTUAL LOAN PAYMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2ACTUAL COSTS
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt3ACTUAL INTEREST PAYMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0SANTA FE SYMPHONY ORCHESTRA & CHORU
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1SANTA FE SYMPHONY ORCHESTRA & CHORU
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2SANTA FE SYMPHONY ORCHESTRA & CHORU
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt3SANTA FE SYMPHONY ORCHESTRA & CHORU
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1S
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2P
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt3S
IRS990ScheduleR/TransferFromOtherOrgInd0true
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NM
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt012078
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02407451
IRS990/TotalAssetsEOYAmt02162019
IRS990/TotalAssetsGrp/BOYAmt02407451
IRS990/TotalAssetsGrp/EOYAmt02162019
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt022639
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05820
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015018
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0125494
IRS990/TotalFunctionalExpensesGrp/TotalAmt0146332
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04719
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt04719
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02402732
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02162019
IRS990/TotalProgramServiceExpensesAmt0125494
IRS990/TotalRevenueGrp/ExclusionAmt063590
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-47564
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt038665
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02407451
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02162019
IRS990/TotReportableCompRltdOrgAmt079173
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02291610
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02017975
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 9692
IRS990/USAddress/CityNm0SANTA FE
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd087504
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.SANTAFESYMPHONY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GREGORY W HELTMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum05059833530
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOUNDATION FOR THE SANTA FE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0SYMPHONY ORCHESTRA & CHORUS INC
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0850478786
ReturnHeader/Filer/PhoneNum05059833530
ReturnHeader/Filer/USAddress/AddressLine1Txt0551 WEST CORDOVA ROAD
ReturnHeader/Filer/USAddress/CityNm0SANTA FE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd087505
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202486011
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LOFTIS GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04811 HARDWARE RD NE STE E-4
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALBUQUERQUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0871092023
ReturnHeader/PreparerPersonGrp/PhoneNum05052935009
ReturnHeader/PreparerPersonGrp/PreparationDt02017-03-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANK T LOVATO
ReturnHeader/ReturnTs02017-05-11T12:02:52-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.20$0.01$3.19$0.26$0.17$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.94$0.00$2.93$0.03$0.17$0.14
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.82$0.00$2.82$0.65$0.18$0.47
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.29$0.00$3.29$0.38$0.32$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.90$0.00$2.90$0.09$0.25$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.00$0.00$3.00$0.57$0.36$0.21
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.74$0.00$2.73$0.10$0.14$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.67$0.00$2.67$0.44$0.15$0.29
2016Detailed filing. Detailed filing data is available for this year.$2.16$0.00$2.16$0.04$0.15$0.11
2015Detailed filing. Detailed filing data is available for this year.$2.41$0.00$2.40$0.31$0.15$0.15
2014Detailed filing. Detailed filing data is available for this year.$2.44$0.00$2.43$0.16$0.18$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.30$0.01$2.29$0.12
2012Summary only. Only limited summary data is available for this year.$2.15$0.01$2.14$0.10$0.11$0.00
2011Summary only. Only limited summary data is available for this year.$2.13$0.00$2.12$0.10$0.09$0.01