Civic Intelligence

Modesto Symphony Orchestra Association

990 • Fiscal year 2018 • EIN 94-2150279

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 16, 2018

911 Thirteenth StreetModesto, CA 95354

(209) 523-4156

Siviq Scores

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

Liabilities / Assets

64th percentile

0.20x

Higher debt load relative to assets than 64% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

60th percentile

0.16x

Higher debt load relative to revenue than 60% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

30th percentile

-3.5%

Higher net margin than 30% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

64th percentile

$90,000

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

15th percentile

-8.8%

Faster asset growth than 15% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

49th percentile

3.5%

Faster revenue growth than 49% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,423,170

Down $137,104 (-8.8%) from 2017

Net Assets

Down

$1,132,510

Down $89,745 (-7.3%) from 2017

Liabilities

Down

$290,660

Down $47,359 (-14%) from 2017

Revenue

Up

$1,819,579

Up $60,777 (+3.5%) from 2017

Expenses

Up

$1,882,937

Up $27,965 (+1.5%) from 2017

Net Income

Up

-$63,358

Up $32,812 (+34%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,754,702Liabilities 2011: $362,010Net Assets 2011: $1,392,6922011Assets 2012: $1,433,245Liabilities 2012: $342,964Net Assets 2012: $1,090,2812012Assets 2013: $1,482,137Liabilities 2013: $283,257Net Assets 2013: $1,198,8802013Assets 2014: $1,753,607Liabilities 2014: $304,141Net Assets 2014: $1,449,4662014Assets 2015: $1,805,527Liabilities 2015: $333,661Net Assets 2015: $1,471,8662015Assets 2016: $1,663,054Liabilities 2016: $364,622Net Assets 2016: $1,298,4322016Assets 2017: $1,560,274Liabilities 2017: $338,019Net Assets 2017: $1,222,2552017Assets 2018: $1,423,170Liabilities 2018: $290,660Net Assets 2018: $1,132,5102018Assets 2019: $1,254,611Liabilities 2019: $296,520Net Assets 2019: $958,0912019Assets 2020: $1,121,953Liabilities 2020: $121,366Net Assets 2020: $1,000,5872020Assets 2021: $1,498,117Liabilities 2021: $215,680Net Assets 2021: $1,282,4372021Assets 2022: $1,815,779Liabilities 2022: $133,254Net Assets 2022: $1,682,5252022Assets 2023: $2,490,003Liabilities 2023: $242,292Net Assets 2023: $2,247,7112023Assets 2024: $2,108,789Liabilities 2024: $334,399Net Assets 2024: $1,774,3902024

Highlighted filing

2018

Assets$1,423,170
Liabilities$290,660
Net Assets$1,132,510

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,742,155Expenses 2011: $1,711,469Net Income 2011: $30,6862011Revenue 2012: $1,528,554Expenses 2012: $1,795,986Net Income 2012: -$267,4322012Expenses 2013: $1,492,8962013Revenue 2014: $1,623,903Expenses 2014: $1,500,675Net Income 2014: $123,2282014Revenue 2015: $1,604,946Expenses 2015: $1,590,984Net Income 2015: $13,9622015Revenue 2016: $1,644,503Expenses 2016: $1,770,488Net Income 2016: -$125,9852016Revenue 2017: $1,758,802Expenses 2017: $1,854,972Net Income 2017: -$96,1702017Revenue 2018: $1,819,579Expenses 2018: $1,882,937Net Income 2018: -$63,3582018Revenue 2019: $1,738,881Expenses 2019: $1,848,053Net Income 2019: -$109,1722019Revenue 2020: $1,703,432Expenses 2020: $1,636,676Net Income 2020: $66,7562020Revenue 2021: $802,105Expenses 2021: $643,760Net Income 2021: $158,3452021Revenue 2022: $2,137,453Expenses 2022: $1,569,961Net Income 2022: $567,4922022Revenue 2023: $2,497,295Expenses 2023: $1,959,148Net Income 2023: $538,1472023Revenue 2024: $1,694,972Expenses 2024: $2,219,643Net Income 2024: -$524,6712024

Highlighted filing

2018

Revenue$1,819,579
Expenses$1,882,937
Net Income-$63,358
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 16, 2018
Return Version
2017v2.2
Gross Receipts
$2,292,951
Mission and Program Overview

Mission

To serve as a professional organization that constantly strives to provide the highest standards in musical performances to attract the broadest audience from the region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,218,804$1,115,261▼ $103,543
Pledges and Grants Receivable$35,092$141,780▲ $106,688
Savings and Temporary Cash Investments$100,529$0▼ $100,529
Cash and Non-Interest-Bearing Accounts$105,726$100,214▼ $5,512
Accounts Receivable$43,283$28,793▼ $14,490
Prepaid Expenses and Deferred Charges$33,761$21,757▼ $12,004
Land, Buildings, and Equipment, Net$23,079$15,365▼ $7,714
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,560,274$1,423,170▼ $137,104
Other Assets Total-$0-
Liabilities
Deferred Revenue$284,563$245,328▼ $39,235
Accounts Payable and Accrued Expenses$36,615$34,560▼ $2,055
Other Liabilities$16,841$10,772▼ $6,069
Total Liabilities$338,019$290,660▼ $47,359
Net Assets / Fund Balance
Permanently Rstr Net Assets$712,081$712,081→ $0
Unrestricted Net Assets$331,552$266,807▼ $64,745
Temporarily Rstr Net Assets$178,622$153,622▼ $25,000
Total Net Assets Fund Balance$1,222,255$1,132,510▼ $89,745
Total Liabilities and Net Assets / Fund Balance$1,560,274$1,423,170▼ $137,104

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$14,957$144,626$159,583
Equipment$408$12,146$12,554

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$890,703-▲ $29,661$54,661$865,703
2016$915,703$25,000▲ $53,526$103,526$890,703
2015$931,553$9,150▲ $11,752$36,752$915,703
2014$1,176,376$7,000▲ $38,253$290,076$931,553
2013$947,403$68,098▲ $160,875-$1,176,376
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Caroline NickelPresident & CEOFT$90,000$90,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$863,175
Program Service Revenue
$789,704
Investment Income
$40,150
Other Revenue
$126,550
All Other Contributions
$863,175
Change in Net Assets
$-63,358

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$27,693Fair Market Value
Other Non Cash Contri Table1$5,000Fair Market Value
Total Noncash Contributions2$32,693-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,819,579
Revenue Not Reported on Form 990
$32,508
Total Revenue per Audited Statements
$1,852,087
Total Revenue per Form 990
$1,819,579
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$982,427
Other Expenses$900,510
Total Fundraising Expense$158,980
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$543,986$104,695$117,445$766,126
Occupancy$115,327$50,668-$165,995
All Other Expenses$51,227$28,922$16,262$96,411
Current Officers, Directors, Trustees, and Key Employees-$67,500$22,500$90,000
Payroll Taxes$49,993$27,748-$77,741
Travel$44,406--$44,406
Insurance$11,093$21,378-$32,471
Other Expenses$861$29,295$2,773$30,156
Pension Plan Contributions$29,850--$29,850
Information Technology$1,616$26,029-$27,645
Advertising$23,929--$23,929
Other Employee Benefits-$18,710-$18,710
Office Expenses$640$9,931-$10,571
Fees for Services Accounting-$9,500-$9,500
Depreciation Depletion-$7,714-$7,714
Conferences and Meetings-$1,949-$1,949
Total Functional Expenses$1,319,237$404,720$158,980$1,882,937

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,941,832
Expenses per Audited Statements$1,882,937
Total Expenses per Form 990$1,882,937
Expenses Not Reported on Form 990$58,895
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$170,042
Fundraising Direct Expenses$43,492
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Fundraiser$96,650$96,650$5,895$90,755
Fall Fundraiser$55,806$55,806$22,233$33,573
Total Events$166,406$166,406$39,551$126,855
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Obligation$10,771
Rounding$1
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, Part VI, Line 11B: Form 990 Review Process

Form 990 is reviewed by President & CEO and the Finance Committee prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Each director, principal officer and member of a committee with governing board delegated power shall annually sign a statement which affirms such person has received a copy of the conflict of interst policy, has read and understood the policy and has aggreed to comply with the policy.Violations of the conflict of interest policy will be addressed by the governing board and appropriate disciplinary and corrective action will be taken.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Proposed compensation rates are presented to the Board and Directors for approval.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Proposed compensation rates are presented to the Board of Directors for approval.

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

The Association provides its governing documents, conflict of interest policy, and financial statements to the public upon request.

Filing and Contact Details

Filer

Filer Name
Modesto Symphony Orchestra Association
EIN
94-2150279
Phone
2095234156
Address
911 THIRTEENTH STREET, MODESTO, CA 95354

Signing Officer

Name
Caroline Nickel
Title
President & CEO
Signed
2018-11-16
Discuss with paid preparer
Yes

Organization Details

Formed
1936
Legal Domicile
CA
Voting Board Members
19
Independent Board Members
19
Employees
267

Preparer

Firm
Schwartz Giannini Lantsberger & Adamson CPAs
Address
4578 Feather River Drive D, Stockton, CA 95219
Preparer
Robert S Gross
Phone
2094741084
Supplemental Narrative

Financial Statement Notes

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

Permanently restricted endowment fund has been established to supplement with earnings the Associations' programs and general operations.

Part X : FIN48 Footnote

The financial accounting standards board (fasb) fasb interpretation no.48 accounting for uncertainty in income taxes, (fin 48) which was subsequently included in the fasb codification as asc 740, prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expect to be taken in a tax return. Management of the association has evaluated its uncertain tax positions and related income tax contingencies. Management does not believe that any material uncertain tax positions exist. Therefore, these financial statements do not include a liability for unrecognized tax positions. Upon recognition of a liability for an unrecognized tax benefit the association would recognize interest accrued in interest expense and pelnaties in management and general functional expenses.the association files informational tax returns in the u.s. Federal jurisdiction and state of california jurisdiction. The association's tax returns are subject to examination by federal taxing authorities for a period of three years from the date they are filed and a period of four years for california taxing authorities.

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IRS990/Form990PartVIISectionAGrp/PersonNm4KATHY TEKAUTZ
IRS990/Form990PartVIISectionAGrp/PersonNm5DR PHILLIP BECK
IRS990/Form990PartVIISectionAGrp/PersonNm6STEVE PALLIOS
IRS990/Form990PartVIISectionAGrp/PersonNm7MEREDITH BRANDSMA
IRS990/Form990PartVIISectionAGrp/PersonNm8MAREE HAWKINS
IRS990/Form990PartVIISectionAGrp/PersonNm9ROBERT KENDRICK MD
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IRS990/Form990PartVIISectionAGrp/PersonNm15GREG HELBIG MD
IRS990/Form990PartVIISectionAGrp/PersonNm16DENI ROYER
IRS990/Form990PartVIISectionAGrp/PersonNm17BETTY USTACH
IRS990/Form990PartVIISectionAGrp/PersonNm18DIANNE GAGOS
IRS990/Form990PartVIISectionAGrp/PersonNm19CAROLINE NICKEL
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19President & CEO
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
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IRS990/FundraisingGrossIncomeAmt0170042
IRS990/GainOrLossGrp/OtherAmt015654
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/GrossReceiptsAmt02292951
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IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
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IRS990/IndivRcvdGreaterThan100KCnt00
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IRS990/InformationTechnologyGrp/ProgramServicesAmt01616
IRS990/InformationTechnologyGrp/TotalAmt027645
IRS990/InsuranceGrp/ManagementAndGeneralAmt021378
IRS990/InsuranceGrp/ProgramServicesAmt011093
IRS990/InsuranceGrp/TotalAmt032471
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IRS990/InterestGrp/TotalAmt00
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IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
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IRS990/IRPDocumentW2GCnt00
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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
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IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To serve as a professional organization that constantly strives to provide the highest standards in musical performances to attract the broadest audience from the region.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/OccupancyGrp/ProgramServicesAmt0115327
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IRS990/OfficeExpensesGrp/ProgramServicesAmt0640
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IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc0ARTISTIC EXPENSE
IRS990/OtherExpensesGrp/Desc1PRODUCTION EXPENSES
IRS990/OtherExpensesGrp/Desc2Printing and Publications
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0681
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IRS990/OtherExpensesGrp/ProgramServicesAmt0248294
IRS990/OtherExpensesGrp/ProgramServicesAmt1154451
IRS990/OtherExpensesGrp/ProgramServicesAmt243564
IRS990/OtherExpensesGrp/ProgramServicesAmt3861
IRS990/OtherExpensesGrp/TotalAmt0248294
IRS990/OtherExpensesGrp/TotalAmt1154451
IRS990/OtherExpensesGrp/TotalAmt247018
IRS990/OtherExpensesGrp/TotalAmt330156
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IRS990/OtherLiabilitiesGrp/EOYAmt010772
IRS990/OtherRevenueTotalAmt00
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0104695
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0543986
IRS990/OtherSalariesAndWagesGrp/TotalAmt0766126
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt027748
IRS990/PayrollTaxesGrp/ProgramServicesAmt049993
IRS990/PayrollTaxesGrp/TotalAmt077741
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt029850
IRS990/PensionPlanContributionsGrp/TotalAmt029850
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0712081
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0712081
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt035092
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0141780
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt033761
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021757
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0711190
IRS990/ProgramServiceRevenueGrp/BusinessCd1711190
IRS990/ProgramServiceRevenueGrp/BusinessCd2711190
IRS990/ProgramServiceRevenueGrp/BusinessCd3711190
IRS990/ProgramServiceRevenueGrp/BusinessCd4511190
IRS990/ProgramServiceRevenueGrp/Desc0Concerts and Performances
IRS990/ProgramServiceRevenueGrp/Desc1Concerts Concessions

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.11$0.33$1.77$1.69$2.22$0.52
2023Detailed filing. Detailed filing data is available for this year.$2.49$0.24$2.25$2.50$1.96$0.54
2022Detailed filing. Detailed filing data is available for this year.$1.82$0.13$1.68$2.14$1.57$0.57
2021Detailed filing. Detailed filing data is available for this year.$1.50$0.22$1.28$0.80$0.64$0.16
2020Detailed filing. Detailed filing data is available for this year.$1.12$0.12$1.00$1.70$1.64$0.07
2019Detailed filing. Detailed filing data is available for this year.$1.25$0.30$0.96$1.74$1.85$0.11
2018Detailed filing. Detailed filing data is available for this year.$1.42$0.29$1.13$1.82$1.88$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.56$0.34$1.22$1.76$1.85$0.10
2016Detailed filing. Detailed filing data is available for this year.$1.66$0.36$1.30$1.64$1.77$0.13
2015Detailed filing. Detailed filing data is available for this year.$1.81$0.33$1.47$1.60$1.59$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.75$0.30$1.45$1.62$1.50$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.28$1.20$1.49
2012Summary only. Only limited summary data is available for this year.$1.43$0.34$1.09$1.53$1.80$0.27
2011Summary only. Only limited summary data is available for this year.$1.75$0.36$1.39$1.74$1.71$0.03