Civic Intelligence

Endowment Fund of Eugene Symphony Association Inc

990 • Fiscal year 2020 • EIN 93-0802257

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

115 W 8th Ave Ste 115Eugene, OR 97401

(541) 687-9487

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

7th percentile

0.00x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

93rd percentile

61%

Higher net margin than 93% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

54th percentile

$128,769

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 12.1% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

64th percentile

12%

Faster asset growth than 64% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

93rd percentile

96%

Faster revenue growth than 93% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$6,093,752

Up $674,485 (+12%) from 2019

Net Assets

Up

$6,093,752

Up $676,394 (+12%) from 2019

Liabilities

Down

$0

Down $1,909 (-100%) from 2019

Revenue

Up

$1,067,234

Up $521,895 (+96%) from 2019

Expenses

Up

$412,147

Up $8,048 (+2.0%) from 2019

Net Income

Up

$655,087

Up $513,847 (+364%) from 2019

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $2,455,244Liabilities 2011: $88,027Net Assets 2011: $2,367,2172011Assets 2012: $2,555,365Liabilities 2012: $0Net Assets 2012: $2,555,3652012Assets 2013: $3,399,949Liabilities 2013: $71,833Net Assets 2013: $3,328,1162013Assets 2014: $4,593,635Liabilities 2014: $0Net Assets 2014: $4,593,6352014Assets 2015: $4,794,373Liabilities 2015: $115,021Net Assets 2015: $4,679,3522015Assets 2016: $4,895,455Liabilities 2016: $211,220Net Assets 2016: $4,684,2352016Assets 2017: $5,107,358Liabilities 2017: $130,040Net Assets 2017: $4,977,3182017Assets 2018: $5,203,040Liabilities 2018: $60,176Net Assets 2018: $5,142,8642018Assets 2019: $5,419,267Liabilities 2019: $1,909Net Assets 2019: $5,417,3582019Assets 2020: $6,093,752Liabilities 2020: $0Net Assets 2020: $6,093,7522020Assets 2021: $8,241,978Liabilities 2021: $0Net Assets 2021: $8,241,9782021

Highlighted filing

2020

Assets$6,093,752
Liabilities$0
Net Assets$6,093,752

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $135,5582011Expenses 2012: $135,5542012Expenses 2013: $128,6652013Revenue 2014: $1,649,759Expenses 2014: $174,319Net Income 2014: $1,475,4402014Revenue 2015: $446,879Expenses 2015: $267,543Net Income 2015: $179,3362015Revenue 2016: $344,196Expenses 2016: $227,598Net Income 2016: $116,5982016Revenue 2017: $156,878Expenses 2017: $266,609Net Income 2017: -$109,7312017Revenue 2018: $489,449Expenses 2018: $286,881Net Income 2018: $202,5682018Revenue 2019: $545,339Expenses 2019: $404,099Net Income 2019: $141,2402019Revenue 2020: $1,067,234Expenses 2020: $412,147Net Income 2020: $655,0872020Revenue 2021: $1,167,593Expenses 2021: $325,724Net Income 2021: $841,8692021

Highlighted filing

2020

Revenue$1,067,234
Expenses$412,147
Net Income$655,087
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.0
Gross Receipts
$2,561,990
Mission and Program Overview

Mission

Support of the eugene symphony

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,587,872$5,092,118▲ $504,246
Savings and Temporary Cash Investments$38,960$367,455▲ $328,495
Pledges and Grants Receivable$176,932$35,797▼ $141,135
Accounts Receivable$1,000$1,000→ $0
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$5,419,267$6,093,752▲ $674,485
Other Assets Total$614,503$597,382▼ $17,121
Liabilities
Accounts Payable and Accrued Expenses$1,909--
Total Liabilities$1,909$0▼ $1,909
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,498,769$4,847,273▲ $348,504
Net Assets Without Donor Restrictions$918,589$1,246,479▲ $327,890
Total Net Assets Fund Balance$5,417,358$6,093,752▲ $676,394
Total Liabilities and Net Assets / Fund Balance$5,419,267$6,093,752▲ $674,485

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$538,820--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$5,419,267$839,471▲ $249,070$370,163$6,093,752
2018$354,865$300,000▲ $21,949$119,443$554,756
2017$269,096$85,769--$354,865
2016$271,871---$269,096
2015$251,932$46,543▼ $16,421$7,655$271,871
Compensation and Service Providers

Employees

NameTitleOtherTotal
Scott FreckExecutive Director$128,769$128,769

Board Members and Trustees

NameTitle
Dave HawkinsPast President
Varner J Johns IIIPresident
Silva ChambersVice President
Ann Marie MehlumTrustee
John WatkinsonTreasurer/Sec
Revenue and Support

Revenue Composition

Contributions and Grants
$839,471
Program Service Revenue
$0
Investment Income
$227,763
Other Revenue
$0
All Other Contributions
$289,471
Change in Net Assets
$655,087

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
Securities Publicly Traded2$79,960Fair Market Value (FMV)
Total Noncash Contributions2$79,960-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$270,163
Other Expenses$141,984
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$270,163--$270,163
Other Expenses$100,000--$100,000
Fees for Service Investment Mgmnt Fees-$41,984-$41,984
Total Functional Expenses$370,163$41,984$0$412,147
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Eugene Symphony Assoc IncEugene, OR-Program Support$270,163
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The return is first reviewed by the Finance and Administrative Director. Then the return is reviewed by the board Treasurer and the Executive Director.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents are available upon request at the Eugene Symphony business office, in the finance department.

Filing and Contact Details

Filer

Filer Name
Endowment Fund of Eugene Symphony
EIN
93-0802257
Phone
5416879487
Address
115 W 8th Ave Ste 115, Eugene, OR 97401

Signing Officer

Name
Scott Freck
Title
Executive Director
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Freck
Formed
1980
Legal Domicile
Or
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
6

Preparer

Firm
Powers Howard Quimby Llp
Address
450 COUNTRY CLUB RD SUITE 250, EUGENE, OR 97401
Preparer
Marta Powers
Phone
5413574557
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 6

Volunteers act as trustees of the invested funds.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Endowment funds are for support of Eugene Symphony Association.

Raw XML AppendixShowing 400 of 475 raw XML fields

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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Endowment funds are for support of Eugene Symphony Association.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Distributions from the Foundation to the Association are given for general operations. No restrictions are placed on how these funds are used. The Association uses GAAP for handling of all revenue, and adheres to strictly enforced financial procedures.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The return is first reviewed by the Finance and Administrative Director. Then the return is reviewed by the board Treasurer and the Executive Director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Documents are available upon request at the Eugene Symphony business office, in the finance department.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Volunteers act as trustees of the invested funds.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part I, Line 6
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