Civic Intelligence

Tucson Symphony Society

990 • Fiscal year 2016 • EIN 86-0107538

Jul 01, 2015 to Jun 30, 2016 • Filed on May 05, 2017

2175 N Sixth AvenueTucson, AZ 85705

(520) 792-9155

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.32x

Higher debt load relative to assets than 63% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

67th percentile

0.42x

Higher debt load relative to revenue than 67% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

38th percentile

-0.3%

Higher net margin than 38% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

67th percentile

$161,551

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

44th percentile

0.2%

Faster asset growth than 44% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

47th percentile

2.0%

Faster revenue growth than 47% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$6,172,446

Up $11,913 (+0.2%) from 2015

Net Assets

Down

$4,222,387

Down $228,453 (-5.1%) from 2015

Liabilities

Up

$1,950,059

Up $240,366 (+14%) from 2015

Revenue

Up

$4,651,247

Up $90,998 (+2.0%) from 2015

Expenses

Up

$4,664,514

Up $257,322 (+5.8%) from 2015

Net Income

Down

-$13,267

Down $166,324 (-109%) from 2015

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

2016

Assets$6,172,446
Liabilities$1,950,059
Net Assets$4,222,387

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

2016

Revenue$4,651,247
Expenses$4,664,514
Net Income-$13,267
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 5, 2017
Return Version
2015v3.0
Gross Receipts
$5,227,479
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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,755,970$3,422,142▼ $333,828
Pledges and Grants Receivable$427,876$852,938▲ $425,062
Land, Buildings, and Equipment, Net$816,808$790,708▼ $26,100
Cash and Non-Interest-Bearing Accounts$769,552$393,442▼ $376,110
Savings and Temporary Cash Investments$50,886$336,547▲ $285,661
Accounts Receivable$94,680$80,484▼ $14,196
Prepaid Expenses and Deferred Charges$51,497$63,605▲ $12,108
Inventories for Sale or Use-$56,524-
Total Assets$6,160,533$6,172,446▲ $11,913
Other Assets Total$193,264$176,056▼ $17,208
Liabilities
Deferred Revenue$1,019,207$960,700▼ $58,507
Mortgage Notes Payable Secured by Investment Property$510,780$882,427▲ $371,647
Accounts Payable and Accrued Expenses$179,706$106,932▼ $72,774
Total Liabilities$1,709,693$1,950,059▲ $240,366
Net Assets / Fund Balance
Permanently Rstr Net Assets$3,993,854$4,360,194▲ $366,340
Temporarily Rstr Net Assets$689,571$554,458▼ $135,113
Unrestricted Net Assets$-232,585$-692,265▼ $459,680
Total Net Assets Fund Balance$4,450,840$4,222,387▼ $228,453
Total Liabilities and Net Assets / Fund Balance$6,160,533$6,172,446▲ $11,913

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$552,071$817,214$1,369,285
Equipment$52,276$614,839$667,115
Other Land Buildings$173,061$295,103$468,164
Land$13,300-$13,300

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$4,420,491$265,000▼ $68,989$245,571$4,370,931
2015$4,266,301$400,000▲ $27,190$273,000$4,420,491
2014$4,202,398-▲ $511,260$447,357$4,266,301
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark BlakemanCEOFT$158,914$2,637$161,551
Robert JennensCFOFT$72,264-$72,264

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,088,388
Program Service Revenue
$2,283,243
Investment Income
$163,140
Other Revenue
$116,476
All Other Contributions
$2,053,388
Change in Net Assets
$-13,267

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,634,341
Revenue Not Reported on Financial Statements
$16,906
Revenue Not Reported on Form 990
$-176,746
Total Revenue per Audited Statements
$4,457,595
Total Revenue per Form 990
$4,651,247
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,667,083
Other Expenses$1,964,491
Total Fundraising Expense$343,627
Professional Fundraising Fees$32,940
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,796,541$163,629$154,124$2,114,294
Office Expenses$255,508$23,151$39,697$318,356
Advertising$240,781--$240,781
Current Officers, Directors, Trustees, and Key Employees$95,493$104,821$32,048$232,362
Occupancy$165,161$20,645$20,645$206,451
Payroll Taxes$136,236$18,542$12,867$167,645
Other Employee Benefits$132,920$10,695$9,167$152,782
Depreciation Depletion-$101,500-$101,500
Other Expenses$65,555$81,443$26,724$65,555
All Other Expenses$11,889$43,947$6,873$62,709
Information Technology$42,234$8,678$6,943$57,855
Fees for Services Professional Fundraising--$32,940$32,940
Interest-$31,427-$31,427
Fees for Services Accounting-$16,970-$16,970
Fees for Service Investment Mgmnt Fees-$16,906-$16,906
Fees for Services Other$12,309$3,677-$15,986
Insurance$4,265$6,397-$10,662
Travel$5,438$3,625$1,599$10,662
Fees for Services Legal-$5,207-$5,207
Conferences and Meetings$376$1,018-$1,394
Total Functional Expenses$3,658,609$662,278$343,627$4,664,514

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,686,048
Total Expenses per Form 990$4,664,514
Expenses per Audited Statements$4,647,608
Expenses Not Reported on Form 990$38,440
Expenses Not Reported on Financial Statements$16,906
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$359,942
Gaming Direct Expenses$253,438
Professional Fundraising Fees$32,940
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
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, Page 6, Part VI, Line 2

Howard steele marilyn steele married

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

The ceo and cfo review the entire draft 990 and all supplemental schedules and also provide copies of all drafts to entire board of trustees for their input prior to filing with the irs.

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 focumented in notes and minutes of the committee meetings. This body is the hr sub-committee.

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 AVENUE, TUCSON, AZ 85705

Signing Officer

Name
Don Snider
Title
CFO
Phone
5207929155
Signed
2017-05-05

Organization Details

Principal Officer
Bonnie Kampa
Formed
1959
Legal Domicile
Az
Voting Board Members
23
Independent Board Members
23
Employees
224
Volunteers
236

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, Page 2, Part III, Line 4B

- young composers - 34 original compositions last year performed at reading sessions. In the 2017-18 season, we will have the first piece on a classic series by a young composer graduate, anthony constantino. - young people's concerts - 13,000 attended - kinderkonzerts - over 3,000

Form 990, Part XI, Line 9

Change in beneficial interest: remainder trust -17,208 total -17,208 net assets as of june 30, 2014 have been reclassified to properly reflect the classification of permanently restricted net assets related to the charitable remainder unitrust. The previously reported permanently restricted net asset balance at june 30, 2014 of 3,593,854 has been reclassified to 3,788,854. This reclassification represents a 195,000 increase to permanently restricted net assets with a corresponding decrease to temporarily restricted net assets. Net assets as of june 30, 2015 have been further reclassified to properly reflect permanently restricted net asset activity related to endowment corpus releases and market value changes in the charitable remainder unitrust during the year ended june 30, 2015. The additional net asset reclassification as of june 30, 2015 reflects a decrease of 30,336 to permanently restricted net assets, with a corresponding increase to unrestricted and temporarily restricted nets assets of 27,000 and 3,336, respectively. As a result, the previously reported permanently restricted net asset balance of 3,993,854 as of june 30, 2015 has been reclassified to 4,158,518. 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 society's endowments consist of eight individual donor established funds and one general fund to which many donors have given to in non- specific ways. The society has a policy of appropriating for distribution each year 5% of its endowment fund's average fair value of the prior 12 quarters.

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, 2016, there were no uncertain tax positions that are potentially material.

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

Change in beneficial interest: remainder trust -17,208

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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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $5M-$10M nonprofits