Civic Intelligence

Santa Barbara Symphony Orchestra Endowment Trust

990 • Fiscal year 2014 • EIN 95-6542234

Jul 01, 2013 to Jun 30, 2014 • Filed on May 14, 2015

1330 State Street93101

(805) 898-9386

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

6th percentile

0.00x

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

94th percentile

64%

Higher net margin than 94% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

66th percentile

$155,746

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 22.9% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

83rd percentile

19%

Faster asset growth than 83% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

89th percentile

48%

Faster revenue growth than 89% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Up

$6,186,628

Up $999,660 (+19%) from 2013

Net Assets

Up

$6,186,628

Up $999,660 (+19%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Up

$680,532

Up $220,742 (+48%) from 2013

Expenses

Up

$244,901

Up $25,654 (+12%) from 2013

Net Income

Up

$435,631

Up $195,088 (+81%) from 2013

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $4,898,096Liabilities 2011: $0Net Assets 2011: $4,898,0962011Assets 2012: $4,532,545Liabilities 2012: $0Net Assets 2012: $4,532,5452012Assets 2013: $5,186,968Liabilities 2013: $0Net Assets 2013: $5,186,9682013Assets 2014: $6,186,628Liabilities 2014: $0Net Assets 2014: $6,186,6282014Assets 2015: $6,196,705Liabilities 2015: $0Net Assets 2015: $6,196,7052015Assets 2016: $5,576,597Liabilities 2016: $0Net Assets 2016: $5,576,5972016Assets 2017: $5,438,698Liabilities 2017: $0Net Assets 2017: $5,438,6982017Assets 2018: $5,537,372Liabilities 2018: $0Net Assets 2018: $5,537,3722018

Highlighted filing

2014

Assets$6,186,628
Liabilities$0
Net Assets$6,186,628

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $580,843Expenses 2011: $216,641Net Income 2011: $364,2022011Revenue 2012: $6,735Expenses 2012: $210,683Net Income 2012: -$203,9482012Revenue 2013: $459,790Expenses 2013: $219,247Net Income 2013: $240,5432013Revenue 2014: $680,532Expenses 2014: $244,901Net Income 2014: $435,6312014Revenue 2015: $317,020Expenses 2015: $269,613Net Income 2015: $47,4072015Revenue 2016: $142,659Expenses 2016: $298,040Net Income 2016: -$155,3812016Revenue 2017: $226,291Expenses 2017: $301,154Net Income 2017: -$74,8632017Revenue 2018: $326,163Expenses 2018: $357,114Net Income 2018: -$30,9512018

Highlighted filing

2014

Revenue$680,532
Expenses$244,901
Net Income$435,631
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 14, 2015
Return Version
2013v4.0
Gross Receipts
$1,913,999
Mission and Program Overview

Mission

Provide general support for the santa barbara symphony orchestra association through contributions from the general public and managing investments.

To solicit and manage contributions from the general public, as well as investments in order to provide general support for the santa barbara symphony orchestra association.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,777,002$4,295,694▲ $518,692
Investments Other Securities$803,928$891,506▲ $87,578
Savings and Temporary Cash Investments$23,544$323,160▲ $299,616
Pledges and Grants Receivable$10,000$22,130▲ $12,130
Total Assets$5,186,968$6,186,628▲ $999,660
Other Assets Total$572,494$654,138▲ $81,644
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$5,402,244$6,000,958▲ $598,714
Unrestricted Net Assets$-215,276$185,670▲ $400,946
Total Net Assets Fund Balance$5,186,968$6,186,628▲ $999,660
Total Liabilities and Net Assets / Fund Balance$5,186,968$6,186,628▲ $999,660

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$654,138--
Other Securities$891,506--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$4,640,729$320,206▲ $842,709-$5,558,745
2012$4,013,443$271,393▲ $575,170-$4,640,729
2011$4,365,850$35,500▼ $177,225-$4,013,443
2010$3,557,155$355,453▲ $669,882-$4,365,850
2009$3,364,148$226,567▲ $254,639-$3,557,155
Compensation and Service Providers

Board Members and Trustees

NameTitle
Douglas MccartneyChair
David GrossmanExecutive Director
Ac MooreTrustee
Brett MooreTrustee
Gregg HackethalTrustee
Richard AberleTrustee
Sandra ChanTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$320,206
Program Service Revenue
$0
Investment Income
$360,326
Other Revenue
$0
All Other Contributions
$320,206
Change in Net Assets
$435,631
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$215,966
Other Expenses$28,935
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$215,966--$215,966
Fees for Service Investment Mgmnt Fees-$28,935-$28,935
Total Functional Expenses$215,966$28,935$0$244,901
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
95-2104089-501(c)3General Support$215,966
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

A.c. Moore is brett moore's father, both are trustees of the organization.

Form 990, Part VI, Section B, Line 11

The 990 will be reviewed by the finance committee and audit committee of the santa barbara symphony orchestra association, a related organization. After the approval of the 990 by the finance & audit committees, they will present it to the trustees of the endowment for any comments and questions prior to filing the return.

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

The symphony endowment has both a written conflict of interest policy and an annual disclosure of conflicts. The governance committee of the board oversees distribution of the policy to new board members and the collection of annual disclosures of conflict of interest.

Form 990, Part VI, Section C, Line 19

The governing forms are available for inspection at the offices of the symphony endowment during regular business hours, subject to an appointment made through the managing director's office.

Form 990, Part VI, Line 15B

The santa barbara symphony endowment trust currently does not compensate officers or key employees.

Filing and Contact Details

Filer

EIN
95-6542234
Phone
8058989386

Signing Officer

Name
Brett Moore
Title
Trustee
Phone
8058989386
Signed
2015-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brett Moore
Formed
1975
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Preparer
Gail H Anikouchine
Phone
8059664157
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in value of crt 81,644.

Form 990, Part XI, Line 2C

The finance and audit committees of the santa barbara symphony orchestra association review the audited financial statements and 990 then present them to the board of directors of the symphony endowment. The audit committee recommends independent auditors and the board of directors chooses the auditor. The process has not changed since the prior year.

Financial Statement Notes

PART V, LINE 4:

The trustees use the earnings of the endowment to assist in the long term needs of the santa barbara symphony orchestra association in providing a quality musical program in the community.

PART X, LINE 2:

The symphony is unaware of any uncertain tax positions at june 30, 2014, or for any period for which the statute of limitations remains open.

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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/OtherAssetsOrgGrp/Desc0INTEREST IN CHARITABLE REMAINDER TRUST
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0891506
IRS990ScheduleD/OtherSecuritiesGrp/Desc0HEDGE FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.72000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUSTEES USE THE EARNINGS OF THE ENDOWMENT TO ASSIST IN THE LONG TERM NEEDS OF THE SANTA BARBARA SYMPHONY ORCHESTRA ASSOCIATION IN PROVIDING A QUALITY MUSICAL PROGRAM IN THE COMMUNITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE SYMPHONY IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS AT JUNE 30, 2014, OR FOR ANY PERIOD FOR WHICH THE STATUTE OF LIMITATIONS REMAINS OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.18000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0654138
IRS990ScheduleD/TotalBookValueSecuritiesAmt0891506
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0215966
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10SANTA BARBARA SYMPHONY ORCHESTRA
IRS990ScheduleI/RecipientTable/RecipientEIN0952104089
IRS990ScheduleI/RecipientTable/USAddress/AddressLine101330 STATE STREET
IRS990ScheduleI/RecipientTable/USAddress/City0SANTA BARBARA
IRS990ScheduleI/RecipientTable/USAddress/State0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode093101
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF THE SYMPHONY ENDOWMENT FOLLOWS THE ACTIVITIES OF THE SANTA BARBARA SYMPHONY ORCHESTRA ASSOCIATION AND RECEIVES REPORTS FROM ITS EXECUTIVE DIRECTOR.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0140490
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt04152
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt011104
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DAVID GROSSMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0155746
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A.C. MOORE IS BRETT MOORE'S FATHER, BOTH ARE TRUSTEES OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 WILL BE REVIEWED BY THE FINANCE COMMITTEE AND AUDIT COMMITTEE OF THE SANTA BARBARA SYMPHONY ORCHESTRA ASSOCIATION, A RELATED ORGANIZATION. AFTER THE APPROVAL OF THE 990 BY THE FINANCE & AUDIT COMMITTEES, THEY WILL PRESENT IT TO THE TRUSTEES OF THE ENDOWMENT FOR ANY COMMENTS AND QUESTIONS PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SYMPHONY ENDOWMENT HAS BOTH A WRITTEN CONFLICT OF INTEREST POLICY AND AN ANNUAL DISCLOSURE OF CONFLICTS. THE GOVERNANCE COMMITTEE OF THE BOARD OVERSEES DISTRIBUTION OF THE POLICY TO NEW BOARD MEMBERS AND THE COLLECTION OF ANNUAL DISCLOSURES OF CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING FORMS ARE AVAILABLE FOR INSPECTION AT THE OFFICES OF THE SYMPHONY ENDOWMENT DURING REGULAR BUSINESS HOURS, SUBJECT TO AN APPOINTMENT MADE THROUGH THE MANAGING DIRECTOR'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CHANGE IN VALUE OF CRT 81,644.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FINANCE AND AUDIT COMMITTEES OF THE SANTA BARBARA SYMPHONY ORCHESTRA ASSOCIATION REVIEW THE AUDITED FINANCIAL STATEMENTS AND 990 THEN PRESENT THEM TO THE BOARD OF DIRECTORS OF THE SYMPHONY ENDOWMENT. THE AUDIT COMMITTEE RECOMMENDS INDEPENDENT AUDITORS AND THE BOARD OF DIRECTORS CHOOSES THE AUDITOR. THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE SANTA BARBARA SYMPHONY ENDOWMENT TRUST CURRENTLY DOES NOT COMPENSATE OFFICERS OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, LINE 15B
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10SANTA BARBARA SYMPHONY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0952104089
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDES PERFORMANCES OF CLASSICAL MUSIC TO THE COMMUNITY.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt09
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine101330 STATE STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0SANTA BARBARA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode093101
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0215966
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10SANTA BARBARA SYMPHONY ORCHESTRA ASSOCIATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05186968
IRS990/TotalAssetsEOYAmt06186628
IRS990/TotalAssetsGrp/BOYAmt05186968
IRS990/TotalAssetsGrp/EOYAmt06186628
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0320206
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt028935
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0215966
IRS990/TotalFunctionalExpensesGrp/TotalAmt0244901
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05186968
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06186628
IRS990/TotalOtherCompensationAmt015256
IRS990/TotalProgramServiceExpensesAmt0215966
IRS990/TotalReportableCompFromOrgAmt00

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