Civic Intelligence

Skagit Valley Symphony

990 • Fiscal year 2020 • EIN 91-1649210

Jul 01, 2019 to Jun 30, 2020 • Filed on May 04, 2021

PO Box 1302Mount Vernon, WA 98273

(360) 848-9336

Siviq Scores

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

Liabilities / Assets

78th percentile

0.16x

Higher debt load relative to assets than 78% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

82nd percentile

0.17x

Higher debt load relative to revenue than 82% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

36th percentile

-2.5%

Higher net margin than 36% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

87th percentile

$30,500

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 17.2% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

61st percentile

13%

Faster asset growth than 61% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

58th percentile

-5.3%

Faster revenue growth than 58% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$191,847

Up $22,578 (+13%) from 2019

Net Assets

Down

$161,610

Down $1,899 (-1.2%) from 2019

Liabilities

Up

$30,237

Up $24,477 (+425%) from 2019

Revenue

Down

$177,815

Down $9,886 (-5.3%) from 2019

Expenses

Up

$182,209

Up $33,859 (+23%) from 2019

Net Income

Down

-$4,394

Down $43,745 (-111%) from 2019

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0-$100KAssets 2012: $110,344Liabilities 2012: $02012Assets 2013: $146,629Liabilities 2013: $2,170Net Assets 2013: $144,4592013Assets 2014: $141,972Liabilities 2014: $1,619Net Assets 2014: $140,3532014Assets 2015: $125,104Liabilities 2015: -$7Net Assets 2015: $125,1112015Assets 2016: $123,457Liabilities 2016: $1,455Net Assets 2016: $122,0022016Assets 2017: $120,211Liabilities 2017: $2,377Net Assets 2017: $117,8342017Assets 2018: $105,115Liabilities 2018: $2,799Net Assets 2018: $102,3162018Assets 2019: $169,269Liabilities 2019: $5,760Net Assets 2019: $163,5092019Assets 2020: $191,847Liabilities 2020: $30,237Net Assets 2020: $161,6102020Assets 2021: $307,745Liabilities 2021: $36,804Net Assets 2021: $270,9412021Assets 2022: $294,601Liabilities 2022: $17,644Net Assets 2022: $276,9572022Assets 2023: $308,929Liabilities 2023: $26,720Net Assets 2023: $282,2092023

Highlighted filing

2020

Assets$191,847
Liabilities$30,237
Net Assets$161,610

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2012: $135,016Expenses 2012: $133,780Net Income 2012: $1,2362012Revenue 2013: $173,782Expenses 2013: $140,417Net Income 2013: $33,3652013Revenue 2014: $133,705Expenses 2014: $139,513Net Income 2014: -$5,8082014Revenue 2015: $153,767Expenses 2015: $161,297Net Income 2015: -$7,5302015Revenue 2016: $155,770Expenses 2016: $158,877Net Income 2016: -$3,1072016Revenue 2017: $166,182Expenses 2017: $170,350Net Income 2017: -$4,1682017Revenue 2018: $154,807Expenses 2018: $170,327Net Income 2018: -$15,5202018Revenue 2019: $187,701Expenses 2019: $148,350Net Income 2019: $39,3512019Revenue 2020: $177,815Expenses 2020: $182,209Net Income 2020: -$4,3942020Revenue 2021: $257,172Expenses 2021: $135,795Net Income 2021: $121,3772021Revenue 2022: $237,061Expenses 2022: $211,021Net Income 2022: $26,0402022Revenue 2023: $278,076Expenses 2023: $279,798Net Income 2023: -$1,7222023

Highlighted filing

2020

Revenue$177,815
Expenses$182,209
Net Income-$4,394
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 4, 2021
Return Version
2019v5.0
Gross Receipts
$182,128
Mission and Program Overview

Mission

Contribute to the vitality, education, and growth of classical music in the community by performing from the repertoire to a high standard; provide the opportunity for skilled musicians in the region to perform with an orchestra and to include soloists and composers.

Skagit Symphony's mission is to inspire and transform our community through the power of music.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$96,903$102,352▲ $5,449
Savings and Temporary Cash Investments$20,604$75,353▲ $54,749
Cash and Non-Interest-Bearing Accounts$43,553$13,166▼ $30,387
Accounts Receivable$8,209$976▼ $7,233
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$169,269$191,847▲ $22,578
Liabilities
Other Liabilities-$23,070-
Accounts Payable and Accrued Expenses$5,760$7,167▲ $1,407
Total Liabilities$5,760$30,237▲ $24,477
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$156,937$153,144▼ $3,793
Net Assets With Donor Restrictions$6,572$8,466▲ $1,894
Total Net Assets Fund Balance$163,509$161,610▼ $1,899
Total Liabilities and Net Assets / Fund Balance$169,269$191,847▲ $22,578

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$31,086$31,086
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Marna FletcherExecutive DirectorFT$30,500$30,500

Board Members and Trustees

NameTitle
David KingsburyPresident
Al CallPresident-Elect
Beth Sato RichardsBoard Member
Beverly DooleyBoard Member
Dave CrossBoard Member
Kati CollinsBoard Member
Mandy Walters WhitakerBoard Member
Michelle Volpp RodriguezBoard Member
Oliver IversenBoard Member
Cheryl LoebSecretary
Ruth McNallyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$128,148
Program Service Revenue
$44,248
Investment Income
$3,981
Other Revenue
$1,438
All Other Contributions
$97,183
Change in Net Assets
$-4,394
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$118,510
Other Expenses$63,599
Total Fundraising Expense$20,856
Grants and Similar Amounts Paid$100
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$59,583$32,510$16,806$108,899
Payroll Taxes$5,289$2,892$1,430$9,611
Fees for Services Other$5,950$0$0$5,950
Advertising$5,232$153$78$5,463
Office Expenses$2,055$1,401$1,097$4,553
All Other Expenses$1,566$683$1,061$3,310
Insurance$430$1,659$121$2,210
Information Technology$1,313$419$263$1,995
Royalties$681--$681
Fees for Services Accounting$0$408$0$408
Other Expenses$175$0$0$175
Grants to Domestic Orgs$100--$100
Travel$93--$93
Total Functional Expenses$121,228$40,125$20,856$182,209
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$5,751
Fundraising Direct Expenses$4,313
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fall Fundraiser$34,766$5,751$1,211$4,540
Total Events$34,766$5,751$4,113$1,638
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
SBA PPP Loan$21,400
Employer Social Security Deferred Tax$1,670
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
No
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, Part VI, Section B, Line 11B

The Form 990 and related schedules are reviewed in detail by the Treasurer and Executive Director. The former Treasurer, Finance Committee and the Board review the public disclosure copy.

Form 990, Part VI, Section C, Line 19

Governing documents, the conflict of interest policy and financial statements are available for review upon request at the Symphony office during normal business hours.

Filing and Contact Details

Filer

Filer Name
Skagit Symphony
EIN
91-1649210
Phone
3608489336
Address
PO Box 1302, Mount Vernon, WA 98273

Signing Officer

Name
Ruth McNally
Title
Treasurer
Phone
3608489336
Signed
2021-05-04

Organization Details

Principal Officer
Marna Fletcher
Formed
1979
Legal Domicile
Wa
Voting Board Members
11
Independent Board Members
11
Employees
5
Volunteers
100
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IRS990/Desc0CONCERT SEASON: Each year, Skagit Symphony presents a season of four evening concerts, featuring our orchestra of 65 volunteer musicians as well as extraordinary guest soloists. In the state-of-the-art McIntyre Hall on the Skagit Valley College campus in Mount Vernon, Washington, we perform well-known pieces of great classical music in addition to beautiful lesser-known orchestral works. Skagit Symphony treasures its role as the area's only community orchestra, composed of musicians from fourteen cities and towns of our region. Our 40th anniversary season in 2019-2020 featured our new Music Director, Dr. Michael Wheatley, and we had planned to add our first-ever pops concert. Our season was cut short due to the pandemic, so we were only able to present two live evening concerts in 2019-20, each closing with standing ovations. Fortunately, we were able to offer online music appreciation classes while we re-tooled for digital programming.
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IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt038761
IRS990/OtherExpensesGrp/ProgramServicesAmt1175
IRS990/OtherExpensesGrp/TotalAmt038761
IRS990/OtherExpensesGrp/TotalAmt1175
IRS990/OtherLiabilitiesGrp/EOYAmt023070
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt016806
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt032510
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt059583
IRS990/OtherSalariesAndWagesGrp/TotalAmt0108899
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01430
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02892
IRS990/PayrollTaxesGrp/ProgramServicesAmt05289
IRS990/PayrollTaxesGrp/TotalAmt09611
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Marna Fletcher
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IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/BusinessCd1541800
IRS990/ProgramServiceRevenueGrp/BusinessCd2611699
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IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt10
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2250
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt112600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2250
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt112600
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOOL CONCERTS: For the thirteenth year, we offered three School Concerts at McIntyre Hall to all fifth graders in Skagit Valley, raising funds to cover all expenses so that there is no cost to students or their schools. More than 1800 students participated in this educational and engaging program in January 2020, which introduces orchestral instruments and music in a special 45-minute concert.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt017855
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0FAMILY CONCERT: Another annual tradition, Skagit Symphony presented our popular Family Concert to a full house at McIntyre Hall in January 2020. This Sunday afternoon event began with our new Children's Music Fair in the lobby, which included an opportunity for families to talk with our orchestra members and see their instruments up close, as well as to engage in hands-on music activities offered by various community organizations. Following these festivities, the orchestra performed our special educational program that introduces orchestral instruments and symphonic music to an audience of all ages.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt014723
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt07366
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Our Music Education program consists of in-person and online music appreciation classes.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt07549
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0250
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IRS990/RoyaltiesGrp/ProgramServicesAmt0681
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt075353
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0110993
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt099255
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0214019
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IRS990ScheduleA/PublicSupportCY170Pct00.72775
IRS990ScheduleA/PublicSupportPY170Pct00.74358
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IRS990ScheduleA/SubstantialContributorsTotAmt0131645
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0109640
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0110993
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt099255
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0543678
IRS990ScheduleA/TotalSupportAmt0566177
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt00
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt06817
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt012128
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
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