Civic Intelligence

Sequoia Symphony Orchestra

990 • Fiscal year 2021 • EIN 94-6109305

May 01, 2020 to Apr 30, 2021 • Filed on Feb 28, 2022

208 W Main Street DVisalia, CA 93291

(559) 732-8600

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.04x

Higher debt load relative to assets than 42% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.13x

Higher debt load relative to revenue than 56% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

57th percentile

16%

Higher net margin than 57% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

54th percentile

$66,554

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 14.7% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

96th percentile

176%

Faster asset growth than 96% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

11th percentile

-26%

Faster revenue growth than 11% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,518,774

Up $969,079 (+176%) from 2020

Net Assets

Up

$1,461,649

Up $968,206 (+196%) from 2020

Liabilities

Up

$57,125

Up $873 (+1.6%) from 2020

Revenue

Down

$453,046

Down $163,293 (-26%) from 2020

Expenses

Down

$378,378

Down $192,363 (-34%) from 2020

Net Income

Up

$74,668

Up $29,070 (+64%) from 2020

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $308,500Liabilities 2012: $9,684Net Assets 2012: $298,8162012Assets 2013: $434,470Liabilities 2013: $20,562Net Assets 2013: $413,9082013Assets 2014: $538,186Liabilities 2014: $140,160Net Assets 2014: $398,0262014Assets 2015: $516,368Liabilities 2015: $119,009Net Assets 2015: $397,3592015Assets 2016: $590,252Liabilities 2016: $119,501Net Assets 2016: $470,7512016Assets 2017: $500,543Liabilities 2017: $711Net Assets 2017: $499,8322017Assets 2018: $452,268Liabilities 2018: $532Net Assets 2018: $451,7362018Assets 2019: $450,152Liabilities 2019: $2,307Net Assets 2019: $447,8452019Assets 2020: $549,695Liabilities 2020: $56,252Net Assets 2020: $493,4432020Assets 2021: $1,518,774Liabilities 2021: $57,125Net Assets 2021: $1,461,6492021Assets 2022: $1,538,529Liabilities 2022: $124,072Net Assets 2022: $1,414,4572022Assets 2023: $1,167,550Liabilities 2023: $94,631Net Assets 2023: $1,072,9192023Assets 2024: $952,942Liabilities 2024: $91,526Net Assets 2024: $861,4162024Assets 2025: $981,555Liabilities 2025: $91,107Net Assets 2025: $890,4482025

Highlighted filing

2021

Assets$1,518,774
Liabilities$57,125
Net Assets$1,461,649

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2012: $528,548Expenses 2012: $396,979Net Income 2012: $131,5692012Revenue 2013: $636,257Expenses 2013: $521,165Net Income 2013: $115,0922013Revenue 2014: $489,345Expenses 2014: $505,227Net Income 2014: -$15,8822014Revenue 2015: $543,066Expenses 2015: $543,733Net Income 2015: -$6672015Revenue 2016: $583,593Expenses 2016: $557,571Net Income 2016: $26,0222016Revenue 2017: $603,606Expenses 2017: $574,525Net Income 2017: $29,0812017Revenue 2018: $534,149Expenses 2018: $582,245Net Income 2018: -$48,0962018Revenue 2019: $591,297Expenses 2019: $595,188Net Income 2019: -$3,8912019Revenue 2020: $616,339Expenses 2020: $570,741Net Income 2020: $45,5982020Revenue 2021: $453,046Expenses 2021: $378,378Net Income 2021: $74,6682021Revenue 2022: $732,199Expenses 2022: $778,752Net Income 2022: -$46,5532022Revenue 2023: $630,899Expenses 2023: $887,839Net Income 2023: -$256,9402023Revenue 2024: $563,610Expenses 2024: $785,854Net Income 2024: -$222,2442024Revenue 2025: $754,551Expenses 2025: $724,094Net Income 2025: $30,4572025

Highlighted filing

2021

Revenue$453,046
Expenses$378,378
Net Income$74,668
Jump To
Filing Snapshot
Filing Period
May 1, 2020 to Apr 30, 2021
Signed
Feb 28, 2022
Return Version
2020v4.0
Gross Receipts
$453,046
Mission and Program Overview

Mission

The mission of the Sequoia Symphony Orchestra is to provide a symphony orchestra to Tulare County, to promote and foster appreciation of symphonic music, to further adult participation in creative music activity, and to promote the education and development of young musicians.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,429$79,516▲ $67,087
Cash and Non-Interest-Bearing Accounts$110,868$78,320▼ $32,548
Accounts Receivable$1,918$0▼ $1,918
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$451,897$1,518,774▲ $1,066,877
Other Assets Total$326,682$1,360,938▲ $1,034,256
Liabilities
Unsecured Notes Loans Payable$43,035$43,070▲ $35
Accounts Payable and Accrued Expenses-$9,536-
Other Liabilities$7,217$3,719▼ $3,498
Deferred Revenue$6,000$800▼ $5,200
Total Liabilities$56,252$57,125▲ $873
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$194,069$1,261,151▲ $1,067,082
Net Assets With Donor Restrictions$201,576$200,498▼ $1,078
Total Net Assets Fund Balance$395,645$1,461,649▲ $1,066,004
Total Liabilities and Net Assets / Fund Balance$451,897$1,518,774▲ $1,066,877

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$57,183$68,507$125,690
Equipment$22,333$49,283$71,616

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$1,043,760-▲ $148,595-$1,192,355
2019$273,940-▲ $4,731-$278,671
2018$269,209-▲ $18,344-$287,553
2017$232,677-▲ $23,588-$256,265
2016$215,374-▲ $17,303-$232,677
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joshua BandaExecutive DirectorFT$66,554$66,554
Louise GutierrezOrchestra ManagerFT$47,821$47,821
Elisha WellsEx Officio-$592$592
Maxton VieiraEx Officio-$374$374
Wayne WundramEx Officio-$274$274

Board Members and Trustees

NameTitle
Denise FletcherPresident
Carmella RentonVice President
Jennifer FultzVice President
Barry SommerDirector
Bonnie PrestonDirector
Felix Martin del CampoDirector
Florence KabotDirector
Joellen WilsonDirector
Kate BourneDirector
Lauren FarrisDirector
Lisa AlvaradoDirector
Philip C BourdetteDirector
Sam LoganDirector
Tony SaliernoDirector
Rita CrandallEx Officio
Donna OrozcoSecretary
John R ThomasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$287,982
Program Service Revenue
$-588
Investment Income
$148,595
Other Revenue
$17,057
Change in Net Assets
$74,668
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$222,073
Salaries, Compensation, and Employee Benefits$156,305
Total Fundraising Expense$28,365
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$17,991$89,232$25,000$132,223
Fees for Services Management$62,988--$62,988
Occupancy$8,990$10,800-$19,790
All Other Expenses$6,735$10,855$1,283$18,873
Payroll Taxes$4,410$9,150$2,082$15,642
Insurance-$7,319-$7,319
Other Employee Benefits-$7,200-$7,200
Other Expenses$4,165--$4,165
Fees for Services Accounting-$3,206-$3,206
Advertising$1,702--$1,702
Current Officers, Directors, Trustees, and Key Employees$1,240--$1,240
Office Expenses-$998-$998
Depreciation Depletion$98--$98
Total Functional Expenses$211,253$138,760$28,365$378,378
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$287,982---
Total Events$287,982---
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
Payroll Taxes$3,718
Rounding$1
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
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

The By-Laws may be amended or repealed and new bylaws adopted, by a majority vote of the Board at any properly called meeting where a quorum is present. However, approval of the voting members is also required for any amendment or for new bylaws that would: A) Materially and adversely affect the members' rights as to voting or dissolution;B) Effect an exchange, reclassification, or cancellation of all or part of the memberships;C) Authorize a new class membership;D) Change the number of authorized directors;E) Change from fixed numbers of directors to a variable number of directors, or vice versa;F) Increase or extend the terms of directors;G) Allow any director to hold office by designation or selection rather than by election by the members.H) Increase the quorum from members' meetings; orI) Repeal, restrict, create, expand, or otherwise change proxy rights.All proposed bylaw amendments or new bylaws must be sent to all directors and/or members eligible to vote on such amendments or new bylaws at least ten (10) days prior to the meeting at which the amendments or new bylaws will be discussed and voted on (or at least 10 days prior to the deadline for returning any ballot if approval is requested pursuant to written ballot).

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

Two to three Board Members are asked to review the Tax Return as prepared by the TaxPreparer and make corrections based on their knowledge of the operation. Once theBoard Members responsible for review are satisfied with the Tax Return, the return is reviewed at a meeting of the Board of Directors and if found acceptable is approved for submission to the IRS and State Franchise Tax Board. If further corrections are identified, those corrections are made and reviewed by the President of the Board of Directors.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Available upon Request

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

Available upon Request

Form 990, Part VI, Line 6 - Explanation of Classes of Members or Share

Season Ticket Holders, Orchestra Members or anyone that has contributed a sum greater than $275.00

Filing and Contact Details

Filer

Filer Name
Sequoia Symphony Orchestra
EIN
94-6109305
Phone
5597328600
Address
208 W Main Street D, Visalia, CA 93291

Signing Officer

Name
Denise Fletcher
Title
President
Signed
2022-02-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Denise Fletcher
Legal Domicile
CA
Voting Board Members
19
Independent Board Members
19
Employees
111
Volunteers
30

Preparer

Firm
Rita Richmond
Address
808 W Main Street Suite E, Visalia, CA 93291
Preparer
Rita Richmond
Phone
5597411900
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Adjustment to Fixed Assets = -$20284

Other Changes In Net Assets Or Fund Balances - Other Increases

Donation to Endowment Fund = $1011620

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IRS990/Form990PartVIISectionAGrp/PersonNm12Bonnie Preston
IRS990/Form990PartVIISectionAGrp/PersonNm13Jennifer Fultz
IRS990/Form990PartVIISectionAGrp/PersonNm14Tony Salierno
IRS990/Form990PartVIISectionAGrp/PersonNm15Barry Sommer
IRS990/Form990PartVIISectionAGrp/PersonNm16Rita Crandall
IRS990/Form990PartVIISectionAGrp/PersonNm17Denise Fletcher
IRS990/Form990PartVIISectionAGrp/PersonNm18Philip C Bourdette
IRS990/Form990PartVIISectionAGrp/PersonNm19Florence Kabot
IRS990/Form990PartVIISectionAGrp/PersonNm20Sam Logan
IRS990/Form990PartVIISectionAGrp/PersonNm21John R Thomas
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Orchestra Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt2Ex Officio
IRS990/Form990PartVIISectionAGrp/TitleTxt3Ex Officio
IRS990/Form990PartVIISectionAGrp/TitleTxt4Ex Officio
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Ex Officio
IRS990/Form990PartVIISectionAGrp/TitleTxt17President
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Treasurer
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IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
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IRS990/FundraisingAmt0287982
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IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
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IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
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IRS990/IndivRcvdGreaterThan100KCnt00
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IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
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IRS990/LandBldgEquipCostOrOtherBssAmt0197306
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IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The mission of the Sequoia Symphony Orchestra is to provide a symphony orchestra to Tulare County, to promote and foster appreciation of symphonic music, to further adult participation in creative music activity, and to promote the education and development of young musicians.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0194069
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IRS990/OccupancyGrp/ProgramServicesAmt08990
IRS990/OccupancyGrp/TotalAmt019790
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IRS990/OfficeExpensesGrp/TotalAmt0998
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IRS990/OperateHospitalInd0false
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IRS990/OtherExpensesGrp/Desc0Production
IRS990/OtherExpensesGrp/Desc1Concert Cancelled
IRS990/OtherExpensesGrp/Desc2Licenses & Fees
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IRS990/OtherExpensesGrp/ProgramServicesAmt117725
IRS990/OtherExpensesGrp/ProgramServicesAmt26115
IRS990/OtherExpensesGrp/ProgramServicesAmt34165
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IRS990/OtherExpensesGrp/TotalAmt117725
IRS990/OtherExpensesGrp/TotalAmt26115
IRS990/OtherExpensesGrp/TotalAmt34165
IRS990/OtherInd0X
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IRS990/OtherRevenueMiscGrp/Desc0Misc Income
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IRS990/OtherRevenueTotalAmt017057
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt017991
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09150
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IRS990/PrincipalOfficerNm0Denise Fletcher
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0711130
IRS990/ProgramServiceRevenueGrp/Desc0Concert Admissions
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0-588
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0-588
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0283591
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04731
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0366974
IRS990/PYOtherRevenueAmt090426
IRS990/PYProgramServiceRevenueAmt0237591
IRS990/PYRevenuesLessExpensesAmt045598

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.98$0.09$0.89$0.75$0.72$0.03
2024Detailed filing. Detailed filing data is available for this year.$0.95$0.09$0.86$0.56$0.79$0.22
2023Detailed filing. Detailed filing data is available for this year.$1.17$0.09$1.07$0.63$0.89$0.26
2022Detailed filing. Detailed filing data is available for this year.$1.54$0.12$1.41$0.73$0.78$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.52$0.06$1.46$0.45$0.38$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.55$0.06$0.49$0.62$0.57$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$0.59$0.60$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$0.53$0.58$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$0.60$0.57$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.59$0.12$0.47$0.58$0.56$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.52$0.12$0.40$0.54$0.54$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.54$0.14$0.40$0.49$0.51$0.02
2013Summary only. Only limited summary data is available for this year.$0.43$0.02$0.41$0.64$0.52$0.12
2012Summary only. Only limited summary data is available for this year.$0.31$0.01$0.30$0.53$0.40$0.13