Civic Intelligence

Pacific Symphony

990 • Fiscal year 2019 • EIN 95-3635496

Jul 01, 2018 to Jun 30, 2019 • Filed on Jun 16, 2020

17620 Fitch No 100Irvine, CA 92614

(714) 755-5788

Siviq Scores

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

Liabilities / Assets

38th percentile

0.13x

Higher debt load relative to assets than 38% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

48th percentile

0.27x

Higher debt load relative to revenue than 48% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

10th percentile

-22%

Higher net margin than 10% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

82nd percentile

$481,049

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

7th percentile

-9.3%

Faster asset growth than 7% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

10th percentile

-29%

Faster revenue growth than 10% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Down

$35,162,427

Down $3,592,990 (-9.3%) from 2018

Net Assets

Down

$30,507,374

Down $3,557,680 (-10%) from 2018

Liabilities

Down

$4,655,053

Down $35,310 (-0.8%) from 2018

Revenue

Down

$17,189,881

Down $7,128,317 (-29%) from 2018

Expenses

Down

$21,020,831

Down $2,186,425 (-9.4%) from 2018

Net Income

Down

-$3,830,950

Down $4,941,892 (-445%) from 2018

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $26,322,792Liabilities 2010: $5,595,157Net Assets 2010: $20,727,6352010Assets 2011: $32,136,213Liabilities 2011: $5,545,371Net Assets 2011: $26,590,8422011Assets 2012: $28,637,473Liabilities 2012: $5,510,006Net Assets 2012: $23,127,4672012Assets 2013: $35,240,188Liabilities 2013: $5,206,640Net Assets 2013: $30,033,5482013Assets 2014: $39,263,897Liabilities 2014: $5,338,842Net Assets 2014: $33,925,0552014Assets 2015: $39,619,744Liabilities 2015: $5,449,432Net Assets 2015: $34,170,3122015Assets 2016: $37,773,227Liabilities 2016: $5,482,501Net Assets 2016: $32,290,7262016Assets 2017: $36,584,190Liabilities 2017: $4,479,664Net Assets 2017: $32,104,5262017Assets 2018: $38,755,417Liabilities 2018: $4,690,363Net Assets 2018: $34,065,0542018Assets 2019: $35,162,427Liabilities 2019: $4,655,053Net Assets 2019: $30,507,3742019Assets 2020: $34,377,933Liabilities 2020: $6,342,146Net Assets 2020: $28,035,7872020Assets 2021: $52,133,763Liabilities 2021: $9,040,203Net Assets 2021: $43,093,5602021Assets 2022: $53,774,912Liabilities 2022: $5,694,284Net Assets 2022: $48,080,6282022Assets 2023: $55,229,756Liabilities 2023: $4,754,122Net Assets 2023: $50,475,6342023Assets 2024: $60,486,583Liabilities 2024: $4,266,656Net Assets 2024: $56,219,9272024

Highlighted filing

2019

Assets$35,162,427
Liabilities$4,655,053
Net Assets$30,507,374

Operations Trend

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $16,457,3932010Expenses 2011: $16,642,3932011Expenses 2012: $18,079,8642012Expenses 2013: $17,931,6682013Revenue 2014: $21,191,306Expenses 2014: $19,667,303Net Income 2014: $1,524,0032014Revenue 2015: $21,012,728Expenses 2015: $20,042,011Net Income 2015: $970,7172015Revenue 2016: $18,470,867Expenses 2016: $19,584,420Net Income 2016: -$1,113,5532016Revenue 2017: $19,094,101Expenses 2017: $20,980,482Net Income 2017: -$1,886,3812017Revenue 2018: $24,318,198Expenses 2018: $23,207,256Net Income 2018: $1,110,9422018Revenue 2019: $17,189,881Expenses 2019: $21,020,831Net Income 2019: -$3,830,9502019Revenue 2020: $17,646,778Expenses 2020: $19,016,850Net Income 2020: -$1,370,0722020Revenue 2021: $17,603,170Expenses 2021: $11,028,000Net Income 2021: $6,575,1702021Revenue 2022: $30,870,436Expenses 2022: $21,747,948Net Income 2022: $9,122,4882022Revenue 2023: $23,725,547Expenses 2023: $23,947,185Net Income 2023: -$221,6382023Revenue 2024: $26,399,188Expenses 2024: $23,767,089Net Income 2024: $2,632,0992024

Highlighted filing

2019

Revenue$17,189,881
Expenses$21,020,831
Net Income-$3,830,950
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jun 16, 2020
Return Version
2018v3.1
Gross Receipts
$39,751,474
Mission and Program Overview

Mission

Pacific symphony inspires, engages and serves orange county and the region through exceptional music performances, and education and community programming.

To inspire and engage through exceptional music performances, education and community programming.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$21,143,210$22,042,157▲ $898,947
Pledges and Grants Receivable$12,337,623$8,018,474▼ $4,319,149
Cash and Non-Interest-Bearing Accounts$1,276,915$1,969,134▲ $692,219
Land, Buildings, and Equipment, Net$832,725$745,680▼ $87,045
Prepaid Expenses and Deferred Charges$709,305$693,963▼ $15,342
Savings and Temporary Cash Investments$964,771$388,572▼ $576,199
Accounts Receivable$514,890$357,454▼ $157,436
Total Assets$38,755,417$35,162,427▼ $3,592,990
Other Assets Total$975,978$946,993▼ $28,985
Liabilities
Deferred Revenue$3,158,714$3,012,438▼ $146,276
Accounts Payable and Accrued Expenses$1,531,649$1,642,615▲ $110,966
Total Liabilities$4,690,363$4,655,053▼ $35,310
Net Assets / Fund Balance
Permanently Rstr Net Assets$25,964,911$25,938,341▼ $26,570
Temporarily Rstr Net Assets$9,633,720$7,379,098▼ $2,254,622
Unrestricted Net Assets$-1,533,577$-2,810,065▼ $1,276,488
Total Net Assets Fund Balance$34,065,054$30,507,374▼ $3,557,680
Total Liabilities and Net Assets / Fund Balance$38,755,417$35,162,427▼ $3,592,990

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$632,763$1,672,621$2,305,384
Leasehold Improvements$112,917$100,007$212,924
Other Securities$1,965,403--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$25,964,911$5,755▼ $9,112-$25,961,554
2017$22,568,204$3,313,858▲ $82,849-$25,964,911
2016$22,210,056$256,713▲ $101,435-$22,568,204
2015$22,098,586$115,659▼ $4,189-$22,210,056
2014$22,046,398$257,664▼ $205,476-$22,098,586
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mr Carl St ClairMusic DirectorFT$456,645$24,404$481,049
Mr John E ForsytePresidentFT$295,639$59,096$354,735
Mr Gregory CoxVP of Dev.& Ext. RelationsFT$200,677$27,793$228,470
Mr Sean SuttonEvp & COOFT$157,440$27,837$185,277
Eileen JeanetteVP of Artistic & Orch.FT$127,049$24,054$151,103
Gary GoodSr. Exec. Special CampaignPT$132,033$4,117$136,150
Nikki Crabtree-palleySr. Director of Individual GivingFT$118,253$4,673$122,926
Jesse HiserDirector of FinanceFT$111,506$8,576$120,082
Frank TerraglioVP of Marketing & Pub. RelationsFT$104,483$9,242$113,725

Board Members and Trustees

NameTitle
Ms Joann LeatherbyBoard Chair
Mr Michael KerrImmediate Past Chair
Mr John R EvansExecutive Vice Chair
Mr Mark NielsenVice Chair Finance & Tres.
Mr Scott SiegelVice Chair, Development
Dr Al FerrariDirector
Dr Donald HechtDirector
Dr Evan B SiegelDirector
Dr Jo Ellen Allen-chathamDirector
Mc SungilaDirector
Mr Bart Van AardenneDirector
Mr Bob DaveyDirector
Mr Brian MaryottDirector
Mr Carlos MolluraDirector
Mr Charles ZhangDirector
Mr Christopher TowerDirector
Mr David OntkoDirector
Mr David P CollinsDirector
Mr David TroobDirector
Mr David V MelilliDirector
Mr Don DahlDirector
Mr Donald HuDirector
Mr Eric ChamberlainDirector
Mr Framroze VirjeeDirector
Mr Garth HoganDirector
Mr Henry WalkerDirector
Mr Hon H Warren SiegelDirector
Mr James Newton HowardDirector
Mr John Mark JenningsDirector
Mr John PellerDirector
Mr John R StahrDirector
Mr Michael S GordonDirector
Mr Miguel PulidoDirector
Mr Nicholas GreenkoDirector
Mr Patrick ChengDirector
Mr Phillip N LyonsDirector
Mr Phillip WendtDirector
Mr Raymond FrancisDirector
Mr Robert CorbinDirector
Mr Ronald M SimonDirector
Mr Rondell B HansonDirector
Mr Seth JohnsonDirector
Mr Sheng JiangDirector
Mr Timothy J MolnarDirector
Mr William F PodlichDirector
Mrs Carol ChoiDirector
Mrs Catherine EmmiDirector
Mrs Chiyo RoweDirector
Mrs Elizabeth StahrDirector
Mrs Ginny DaviesDirector
Mrs Jane Fujishige YadaDirector
Mrs Leona Aronoff-sadaccaDirector
Mrs Michelle HorowitzDirector
Mrs Rochelle L WardDirector
Ms Agnes LewDirector
Ms Anoosheh OskouianDirector
Ms Barbara FosterDirector
Ms Carolann TassiosDirector
Ms Diana MartinDirector
Ms Diane SawyerDirector
Ms Judith PosnikoffDirector
Ms Judy WhitmoreDirector
Ms Lindsay AyersDirector
Ms Lucy DunnDirector
Ms Patricia McauleyDirector
Ms Scharrell JacksonDirector
Ms Stacey NicholasDirector
Ms Susan AndersonSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Segestrom Center For The ArtsRental & Services600 TOWN CENTER DR, Costa Mesa, CA 92626$2,241,825
AfmepfPensionONE PENN PLAZA STE 3115, New York, NY 10119$530,058
Zion Investment Fund LLCCorporate Office Rent17620 FITCH, Irvine, CA 92614$388,476
Travtours INCTravel Agent71-703 HIGHWAY 111 STE 2E, Rancho Mirage, CA 92270$387,515
Theater Direct INCTelefunding & Telemarketing Services4213 W BURBANK BLVD, Burbank, CA 91505$235,687
Revenue and Support

Revenue Composition

Contributions and Grants
$7,391,693
Program Service Revenue
$7,751,638
Investment Income
$574,946
Other Revenue
$1,471,604
All Other Contributions
$6,373,426
Change in Net Assets
$-3,830,950

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 Traded7$346,115Book Value
Total Noncash Contributions7$346,115-

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,189,881
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$273,270
Total Revenue per Audited Statements
$17,463,151
Total Revenue per Form 990
$17,189,881
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,516,488
Other Expenses$9,428,950
Total Fundraising Expense$1,987,466
Professional Fundraising Fees$75,393
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,145,047$1,322,152$896,762$8,363,961
Advertising-$1,683,216$401,156$2,084,372
Current Officers, Directors, Trustees, and Key Employees$467,585$557,871$240,102$1,265,558
Payroll Taxes$506,096$132,256$83,017$721,369
Pension Plan Contributions$564,569$38,832$16,931$620,332
Other Employee Benefits$360,059$137,064$48,145$545,268
Office Expenses$35,507$372,693$112,855$521,055
Occupancy$339,000$174,636-$513,636
Fees for Services Other$201,147$177,976$83,528$462,651
Information Technology-$207,105$3,495$210,600
Depreciation Depletion$122,072$62,886-$184,958
Insurance$49,054$37,703-$86,757
Royalties$79,200--$79,200
Travel$39,428$20,642$17,573$77,643
Fees for Services Professional Fundraising--$75,393$75,393
Fees for Service Investment Mgmnt Fees-$75,375-$75,375
Fees for Services Accounting-$52,599-$52,599
Conferences and Meetings$3,439$7,565$5,650$16,654
Fees for Services Legal-$12,196-$12,196
Other Expenses$96,414$9,522$2,859$9,522
Total Functional Expenses$13,939,227$5,094,138$1,987,466$21,020,831

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$21,020,831
Total Expenses per Audited Statements$21,020,831
Total Expenses per Form 990$21,020,831
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,012,233
Fundraising Direct Expenses$759,550
Professional Fundraising Fees$75,393

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$1,933,229$1,380,229$118,221$1,262,008
Opening Night$385,125$342,100$72,138$269,962
Total Events$2,863,100$2,012,233$759,550$1,252,683
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Charles ZhangDirector & OfficerPACIFIC SYMPHONY LEASES ITS CORPORATE OFFICES FROM ZION INVESTMENT FUND LLC, WHICH IS AN ENTITY MORE THAN 35% OWNED BY BOARD MEMBER AND OFFICER, MR. CHARLES ZHANG. THE LEASE AMOUNT WAS DETERMINED ACCORDING TO MARKET RATES IN THE AREA.No$393,269
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, Section A, Line 2

John and elizabeth stahr are married.

Form 990, Part VI, Section B, Line 11B

The board nominates board members for the audit committee. The audit committee reviews the financial documents before they are submitted and finalized. The full form 990, as filed with the government, is reviewed by the audit committee. Additionally, the full form 990, was distributed to the entire board before filing.

Form 990, Part VI, Section B, Line 12C

The board has instituted an annual statement of compliance which is distributed to all board members to complete. This annual disclosure is used to monitor transactions that could give rise to conflicts of interest.

Form 990, Part VI, Section B, Line 15

Organization uses written employment contracts, compensation surveys or studies, and board approval for the compensation process.

Form 990, Part VI, Section C, Line 18

The organization's form 1023 and 990 are available for public inspection upon request.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Pacific Symphony
EIN
95-3635496
Phone
7147555788
Address
17620 FITCH NO 100, IRVINE, CA 92614

Signing Officer

Name
Sean Sutton
Title
Executive VP and COO
Phone
7147555788
Signed
2020-06-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sean Sutton
Formed
1980
Legal Domicile
CA
Voting Board Members
69
Independent Board Members
66
Employees
409
Volunteers
2,800

Preparer

Firm
Withumsmithbrown Pc
Address
100 SPECTRUM CENTER DRIVE STE 1000, IRVINE, CA 92618
Preparer
Tasha Otsuji
Phone
9492612808
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in value of beneficial interest -32,326. Change in value of insurance assignments 3,339.

Form 990, Part XI, Line 2C

The board of directors had constitued an audit committee and delegated to that committee the responsibility for engaging independent auditors and monitoring the audit process. This structure has been in effect in prior years and was not changed in the current reporting period.

Part IX, Statement of Functional Expenses

Management and general expenses include all marketing costs. There are no marketing expenses reflected in program services.

Financial Statement Notes

PART V, LINE 4:

The organization holds a diversified endowment fund which is professionally managed by an independent advisor.

PART X, LINE 2:

The organization has adopted the accounting standards related to accounting and reporting for uncertainity in income taxes. For the symphony, these standards could be applicable to the incurrence of any unrelated business income attributable to the symphony. Because of the general tax-exempt status, these standards are not anticipated to have a material impact on the symphony's financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in value of beneficial interest -32,326. Change in value of insurance assignments 3,339.

Raw XML AppendixShowing 400 of 1,265 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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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt769242
IRS990/Form990PartVIISectionAGrp/PersonNm0MR JOHN E FORSYTE
IRS990/Form990PartVIISectionAGrp/PersonNm1MS JOANN LEATHERBY
IRS990/Form990PartVIISectionAGrp/PersonNm2MR JOHN R EVANS
IRS990/Form990PartVIISectionAGrp/PersonNm3MR MARK NIELSEN
IRS990/Form990PartVIISectionAGrp/PersonNm4MR SCOTT SIEGEL
IRS990/Form990PartVIISectionAGrp/PersonNm5MR MICHAEL KERR
IRS990/Form990PartVIISectionAGrp/PersonNm6MS SUSAN ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm7MRS LEONA ARONOFF-SADACCA
IRS990/Form990PartVIISectionAGrp/PersonNm8MS LINDSAY AYERS
IRS990/Form990PartVIISectionAGrp/PersonNm9MR ERIC CHAMBERLAIN
IRS990/Form990PartVIISectionAGrp/PersonNm10DR JO ELLEN ALLEN-CHATHAM
IRS990/Form990PartVIISectionAGrp/PersonNm11MR PATRICK CHENG
IRS990/Form990PartVIISectionAGrp/PersonNm12MRS CAROL CHOI
IRS990/Form990PartVIISectionAGrp/PersonNm13MR DAVID P COLLINS
IRS990/Form990PartVIISectionAGrp/PersonNm14MR ROBERT CORBIN
IRS990/Form990PartVIISectionAGrp/PersonNm15MR DON DAHL
IRS990/Form990PartVIISectionAGrp/PersonNm16MR BOB DAVEY
IRS990/Form990PartVIISectionAGrp/PersonNm17MRS GINNY DAVIES
IRS990/Form990PartVIISectionAGrp/PersonNm18MS LUCY DUNN
IRS990/Form990PartVIISectionAGrp/PersonNm19MRS CATHERINE EMMI
IRS990/Form990PartVIISectionAGrp/PersonNm20DR AL FERRARI
IRS990/Form990PartVIISectionAGrp/PersonNm21MS BARBARA FOSTER
IRS990/Form990PartVIISectionAGrp/PersonNm22MR RAYMOND FRANCIS
IRS990/Form990PartVIISectionAGrp/PersonNm23MR MICHAEL S GORDON
IRS990/Form990PartVIISectionAGrp/PersonNm24MR NICHOLAS GREENKO
IRS990/Form990PartVIISectionAGrp/PersonNm25MR RONDELL B HANSON
IRS990/Form990PartVIISectionAGrp/PersonNm26DR DONALD HECHT
IRS990/Form990PartVIISectionAGrp/PersonNm27MR GARTH HOGAN
IRS990/Form990PartVIISectionAGrp/PersonNm28MRS MICHELLE HOROWITZ
IRS990/Form990PartVIISectionAGrp/PersonNm29MR JAMES NEWTON HOWARD
IRS990/Form990PartVIISectionAGrp/PersonNm30MR DONALD HU
IRS990/Form990PartVIISectionAGrp/PersonNm31MS SCHARRELL JACKSON

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.5$4.27$56.2$26.4$23.8$2.63
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.2$4.75$50.5$23.7$23.9$0.22
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.8$5.69$48.1$30.9$21.7$9.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.1$9.04$43.1$17.6$11.0$6.58
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.4$6.34$28.0$17.6$19.0$1.37
2019Detailed filing. Detailed filing data is available for this year.$35.2$4.66$30.5$17.2$21.0$3.83
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.8$4.69$34.1$24.3$23.2$1.11
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.6$4.48$32.1$19.1$21.0$1.89
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.8$5.48$32.3$18.5$19.6$1.11
2015Detailed filing. Detailed filing data is available for this year.$39.6$5.45$34.2$21.0$20.0$0.97
2014Detailed filing. Detailed filing data is available for this year.$39.3$5.34$33.9$21.2$19.7$1.52
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.2$5.21$30.0$17.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.6$5.51$23.1$18.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.1$5.55$26.6$16.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.3$5.60$20.7$16.5