Civic Intelligence

Tucson Symphony Society

990 • Fiscal year 2015 • EIN 86-0107538

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 15, 2016

2175 N Sixth AveTucson, AZ 85705

(520) 792-9155

Siviq Scores

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

Liabilities / Assets

59th percentile

0.28x

Higher debt load relative to assets than 59% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

65th percentile

0.37x

Higher debt load relative to revenue than 65% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

52nd percentile

3.4%

Higher net margin than 52% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

58th percentile

$135,752

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

18th percentile

-5.8%

Faster asset growth than 18% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

26th percentile

-5.6%

Faster revenue growth than 26% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Down

$6,160,533

Down $378,003 (-5.8%) from 2014

Net Assets

Up

$4,450,840

Up $27,869 (+0.6%) from 2014

Liabilities

Down

$1,709,693

Down $405,872 (-19%) from 2014

Revenue

Down

$4,560,249

Down $271,443 (-5.6%) from 2014

Expenses

Down

$4,407,192

Down $264,011 (-5.7%) from 2014

Net Income

Down

$153,057

Down $7,432 (-4.6%) from 2014

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $5,550,936Liabilities 2010: $2,250,646Net Assets 2010: $3,300,2902010Assets 2011: $5,959,082Liabilities 2011: $1,960,155Net Assets 2011: $3,998,9272011Assets 2012: $6,104,714Liabilities 2012: $1,977,109Net Assets 2012: $4,127,6052012Assets 2013: $6,022,691Liabilities 2013: $1,909,974Net Assets 2013: $4,112,7172013Assets 2014: $6,538,536Liabilities 2014: $2,115,565Net Assets 2014: $4,422,9712014Assets 2015: $6,160,533Liabilities 2015: $1,709,693Net Assets 2015: $4,450,8402015Assets 2016: $6,172,446Liabilities 2016: $1,950,059Net Assets 2016: $4,222,3872016Assets 2017: $7,042,716Liabilities 2017: $1,864,313Net Assets 2017: $5,178,4032017Assets 2018: $6,321,416Liabilities 2018: $1,704,788Net Assets 2018: $4,616,6282018Assets 2019: $5,728,673Liabilities 2019: $1,554,486Net Assets 2019: $4,174,1872019Assets 2020: $11,916,898Liabilities 2020: $1,897,033Net Assets 2020: $10,019,8652020Assets 2021: $15,810,045Liabilities 2021: $1,619,176Net Assets 2021: $14,190,8692021Assets 2022: $15,428,177Liabilities 2022: $1,477,032Net Assets 2022: $13,951,1452022Assets 2023: $16,043,540Liabilities 2023: $1,613,990Net Assets 2023: $14,429,5502023Assets 2024: $20,011,768Liabilities 2024: $1,671,743Net Assets 2024: $18,340,0252024Assets 2025: $21,432,387Liabilities 2025: $1,655,217Net Assets 2025: $19,777,1702025

Highlighted filing

2015

Assets$6,160,533
Liabilities$1,709,693
Net Assets$4,450,840

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $4,413,9152010Expenses 2011: $3,600,7312011Expenses 2012: $3,927,3662012Revenue 2013: $3,909,352Expenses 2013: $4,122,961Net Income 2013: -$213,6092013Revenue 2014: $4,831,692Expenses 2014: $4,671,203Net Income 2014: $160,4892014Revenue 2015: $4,560,249Expenses 2015: $4,407,192Net Income 2015: $153,0572015Revenue 2016: $4,651,247Expenses 2016: $4,664,514Net Income 2016: -$13,2672016Revenue 2017: $5,536,047Expenses 2017: $4,852,877Net Income 2017: $683,1702017Revenue 2018: $4,781,644Expenses 2018: $5,201,460Net Income 2018: -$419,8162018Revenue 2019: $4,657,443Expenses 2019: $5,189,168Net Income 2019: -$531,7252019Revenue 2020: $11,071,518Expenses 2020: $5,090,805Net Income 2020: $5,980,7132020Revenue 2021: $4,960,515Expenses 2021: $2,606,011Net Income 2021: $2,354,5042021Revenue 2022: $6,501,284Expenses 2022: $4,450,654Net Income 2022: $2,050,6302022Revenue 2023: $5,261,967Expenses 2023: $5,711,827Net Income 2023: -$449,8602023Revenue 2024: $6,399,873Expenses 2024: $5,959,550Net Income 2024: $440,3232024Revenue 2025: $7,987,479Expenses 2025: $6,322,940Net Income 2025: $1,664,5392025

Highlighted filing

2015

Revenue$4,560,249
Expenses$4,407,192
Net Income$153,057
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 15, 2016
Return Version
2014v6.0
Gross Receipts
$5,077,369
Mission and Program Overview

Mission

The mission of the tucson symphony is to engage, educate and transform our community through live musical experiences of the highest quality

The mission of the tucson symphony is to transform lives through music.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,954,785$3,755,970▼ $198,815
Land, Buildings, and Equipment, Net$862,358$816,808▼ $45,550
Cash and Non-Interest-Bearing Accounts$57,906$769,552▲ $711,646
Pledges and Grants Receivable$1,119,361$427,876▼ $691,485
Accounts Receivable$63,275$94,680▲ $31,405
Prepaid Expenses and Deferred Charges$65,433$51,497▼ $13,936
Savings and Temporary Cash Investments$218,818$50,886▼ $167,932
Total Assets$6,538,536$6,160,533▼ $378,003
Other Assets Total$196,600$193,264▼ $3,336
Liabilities
Deferred Revenue$1,052,630$1,019,207▼ $33,423
Mortgage Notes Payable Secured by Investment Property$805,232$510,780▼ $294,452
Accounts Payable and Accrued Expenses$257,703$179,706▼ $77,997
Total Liabilities$2,115,565$1,709,693▼ $405,872
Net Assets / Fund Balance
Permanently Rstr Net Assets$3,593,854$3,993,854▲ $400,000
Temporarily Rstr Net Assets$917,406$689,571▼ $227,835
Unrestricted Net Assets$-88,289$-232,585▼ $144,296
Total Net Assets Fund Balance$4,422,971$4,450,840▲ $27,869
Total Liabilities and Net Assets / Fund Balance$6,538,536$6,160,533▼ $378,003

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$542,200$767,284$1,309,484
Equipment$67,180$588,771$655,951
Other Land Buildings$194,128$269,600$463,728
Land$13,300-$13,300

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$4,071,301$400,000▲ $30,526$246,000$4,255,827
2014$4,202,398-▲ $511,260$642,357$4,071,301
2013$4,073,223$30,405▲ $303,770$205,000$4,202,398
2012$4,639,759$100,000▼ $23,961$642,575$4,073,233
2011$3,987,845$83,430▲ $568,484-$4,639,759
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
George HansonMusic DirectFT$133,352$2,400$135,752
Mark BlakemanCEOFT$92,106$400$92,506
Robert JennensCFOFT$69,519-$69,519

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,995,044
Program Service Revenue
$2,323,417
Investment Income
$150,453
Other Revenue
$91,335
All Other Contributions
$1,853,269
Change in Net Assets
$153,057

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
Other Non Cash Contri Table1$27,595Fair Market Value
Total Noncash Contributions1$27,595-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,573,895
Revenue Not Reported on Financial Statements
$-13,646
Revenue Not Reported on Form 990
$-53,656
Other Revenue Adjustments
$-32,188
Total Revenue per Audited Statements
$4,520,239
Total Revenue per Form 990
$4,560,249
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,421,742
Other Expenses$1,930,211
Total Fundraising Expense$374,787
Professional Fundraising Fees$55,239
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,685,036$70,335$193,933$1,949,304
Office Expenses$241,330$21,393$56,379$319,102
Occupancy$150,701$25,467-$176,168
Advertising$173,628--$173,628
Payroll Taxes$137,530$12,984$17,094$167,608
Current Officers, Directors, Trustees, and Key Employees$31,666$100,254$30,735$162,655
Other Employee Benefits$136,737$247$5,191$142,175
Depreciation Depletion-$101,701-$101,701
Other Expenses$85,497$121,763$1,379$85,497
All Other Expenses$11,971$38,999$7,090$58,060
Information Technology$42,551$8,760$6,638$57,949
Fees for Services Professional Fundraising--$55,239$55,239
Interest-$30,212-$30,212
Fees for Service Investment Mgmnt Fees-$18,542-$18,542
Fees for Services Accounting-$14,585-$14,585
Insurance$5,308$8,097-$13,405
Fees for Services Other$8,277$2,526-$10,803
Travel$3,800$2,575$1,109$7,484
Conferences and Meetings$1,376$3,760-$5,136
Fees for Services Legal-$2,190-$2,190
Total Functional Expenses$3,448,015$584,390$374,787$4,407,192

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,464,870
Total Expenses per Form 990$4,407,192
Expenses per Audited Statements$4,388,650
Expenses Not Reported on Form 990$76,220
Expenses Not Reported on Financial Statements$18,542
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$150,300
Gaming Direct Expenses$79,960
Professional Fundraising Fees$55,239
Fundraising Direct Expenses$32,188
Fundraising Gross Income$25,830

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Hanson Tribute$102,605$25,830$6,367$19,463
Total Events$102,605$25,830$32,188$-6,358
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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 2

Howard steele marilyn steele married

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

The organization's process to review the 990 is for the board chair, treasurer and president to review and approve before filing of the return.

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

Directors are required to complete an annual questionnaire. In addition, individual's activities are regularly discussed and any potential conflicts are addressed as they are identified

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

Compensation for the president and music director is determined and/or reviewed by a sub-committee of the board of directors at the agreement's execution and again when the agreement is up for renewal or set to expire. The committee completes an annual performance evaluation for each position based on input for various constituencies of the organization. Compensation is evaluated against comparable orchestras using data generated annually by the league of american orchestras. All discussion and decisions are documented in notes and minutes of the committee meetings. This body is the hr sub-committee.

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

Compensation for the president and music director is determined and/or reviewed by the hr sub-committee of the board of directors at the agreement's execution and again when the agreement is up for renewal or set to expire. The sub-committee completes an annual performance evaluation for each position based on input for various constituencies of the organization. Compensation is evaluated against comparable orchestras using data generated annually by the league of american orchestras. All discussion and decisions are documented in notes and minutes of the committee meetings.

Form 990, Page 6, Part VI, Line 19

The organization provides governing documents, conflict of interest policy, and financial statements to the public upon written request

Filing and Contact Details

Filer

Filer Name
Tucson Symphony Society
EIN
86-0107538
Phone
5207929155
Address
2175 N SIXTH AVE, TUCSON, AZ 85705

Signing Officer

Name
Robert Jennens
Title
Chief Financial Officer/hr
Phone
5207929155
Signed
2016-02-15

Organization Details

Principal Officer
Bonnie Kampa
Formed
1959
Legal Domicile
Az
Voting Board Members
24
Independent Board Members
24
Employees
189
Volunteers
270

Preparer

Firm
Ludwig Klewer & Co Pllc
Address
4783 E CAMP LOWELL DR, TUCSON, AZ 85712
Preparer
Julie S Klewer CPA
Phone
5205450500
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Ushers provide assistance to patrons attending tso performances. Their volunteer hours vary depending on scheduling. Other volunteers help with fundraisers, community awareness, singing in our chorus, and other activities that benefit tso.

Form 990, Part XI, Line 9

Change in beneficial interest: remainder trust -3,336 special event expense 32,188 special event expense -32,188

Form 990, Part XI, Line 9

Net assets as of june 30, 2014 have been reclassified to properly reflect the classification of temporarily restricted net assets. The previously reported temporarily restricted net asset balance at june 30, 2014 of 917,406 has been reclassified to 792,977. This reclassification represents a 124,429 decrease to temporarily restricted net assets with a corresponding increase to unrestricted net assets. This reclassification also affected the reporting of "prior year- and "two years back" endowment funds on schedule d.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The organization's endowments consist of eight individual donor established funds and one general fund to which many donors have given to in non- specific ways. All funds have the intended use that 45% per year of any investment earnings be used to carry on the principle activities of the organization.

Schedule D, Page 3, Part X

The society's policy is to disclose or recognize income tax positions based on management's estimate of whether it is reasonably possible or probable, respectively, that a liability has been incurred for unrecognized income tax positions. As of june 30, 2015, there were no uncertain tax positions that are potentially material.

Schedule D, Page 4, Part XI, Line 2D

Change in beneficial interest: remainder trust -3,336

Schedule D, Page 4, Part XI, Line 4B

Special event expense -32,188

Schedule D, Page 4, Part XII, Line 2D

Special event expense 32,188

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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.$21.4$1.66$19.8$7.99$6.32$1.66
2024Detailed filing. Detailed filing data is available for this year.$20.0$1.67$18.3$6.40$5.96$0.44
2023Detailed filing. Detailed filing data is available for this year.$16.0$1.61$14.4$5.26$5.71$0.45
2022Detailed filing. Detailed filing data is available for this year.$15.4$1.48$14.0$6.50$4.45$2.05
2021Detailed filing. Detailed filing data is available for this year.$15.8$1.62$14.2$4.96$2.61$2.35
2020Detailed filing. Detailed filing data is available for this year.$11.9$1.90$10.0$11.1$5.09$5.98
2019Detailed filing. Detailed filing data is available for this year.$5.73$1.55$4.17$4.66$5.19$0.53
2018Detailed filing. Detailed filing data is available for this year.$6.32$1.70$4.62$4.78$5.20$0.42
2017Detailed filing. Detailed filing data is available for this year.$7.04$1.86$5.18$5.54$4.85$0.68
2016Detailed filing. Detailed filing data is available for this year.$6.17$1.95$4.22$4.65$4.66$0.01
2015Detailed filing. Detailed filing data is available for this year.$6.16$1.71$4.45$4.56$4.41$0.15
2014Detailed filing. Detailed filing data is available for this year.$6.54$2.12$4.42$4.83$4.67$0.16
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.02$1.91$4.11$3.91$4.12$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.10$1.98$4.13$3.93
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.96$1.96$4.00$3.60
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.55$2.25$3.30$4.41