Folsom Symphony INC EIN 20-0172012 Form 990 (PDF) Claim this org

Folsom Symphony INC FY2020 filing

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Enriching community culture with orchestral music and supporting local musicians' skill development. For fiscal year 2020 it reported $302K in revenue, $225K in expenses, and $574K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Folsom, CA
Website
www.folsomsymphony.com
Filings
6 on file (2020–2020)
Revenue
$302KFY2020
Expenses
$225K
Net assets
$574K
People
3
Filings
6
Updates
0
More identity details & actions ⌄
EIN  20-0172012 Public charity (501(c)(3)) Folsom, CA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Enriching community culture with orchestral music and supporting local musicians' skill development.
Leadership
Anson Wong · President
Money in and out
$302K revenue, $225K expenses
Bottom line
86% program efficiency
Where the money goes · FY2020
Total revenue
$302K
Pt VIII · Ln 12
Total expenses
$225K
Pt IX · Ln 25
Net assets
$574K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $77K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Program efficiency
86%
of spending reaches programs
Operating runway
33.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+26%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$302K
FY2020
Expenses
$225K
FY2020
Total assets
$638K
FY2020
Total liabilities
$64K
FY2020
Total revenue
$302K
Pt VIII · Ln 12
Total expenses
$225K
Pt IX · Ln 25
Net assets
$574K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$77K
Total assetsPt X · Ln 16$638K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFolsom Symphony INC
EINHdr · item D20-0172012
Principal addressHdr · item CFolsom, CA
WebsiteHdr · item Jwww.folsomsymphony.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A69)
Ruling yearIRS BMFMar 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Peter Jaffe’s $53K as Music Director is at the 47th percentile of top reported officer pay among 2212 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Peter Jaffe$53,150$53,150$53,150$48,244$9,825

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $192K of program spending, described in the organization's own filed words · FY2019.
01

Through the performance of various musical events within the community, the organization has added a cultural experience to hundreds of local residents and provided a platform for local musicians to demonstrate and perfect their talents.

$192Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$129K · 43%
Contributions & grants$99K · 33%
Other revenue$75K · 25%
Program service revenue43%$129K
Contributions & grants33%$99K
Other revenue25%$75K
Total revenueLn 12$302K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$192K
Management & general14%$32K
Total functional expensesLn 25$225K

Balance Sheet

Part X · end of year
CashLn 1$617K
Total assetsLn 16$638K
Total liabilitiesLn 26$64K
Total net assetsLn 32$574K
Months of cash on handcomputed32.9

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $624K · Operating expenses/yr $225K
33.3 months
Where the money goes
Program services
Program services $192K · Total expenses $225K
86%
Management & General
Management & general $32K · Total expenses $225K
14%
Fundraising
Fundraising $0 · Total expenses $225K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $99K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $99K · Total revenue $302K
33%
Government reliance
Government grants — · Total revenue $302K
Earned-income share
Program service revenue $129K · Total revenue $302K
43%
Investment reliance
Investment income $0 · Total revenue $302K
0%
Program self-sufficiency
Program service revenue $129K · Total expenses $225K
57%
Growth & trend
Revenue growth (YoY)
This year $302K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $574K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $302K · Expenses $225K
+26%
Liabilities-to-Assets
Total liabilities — · Total assets $638K
Net-asset ratio
Net assets $574K · Total assets $638K
90%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $7K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $638K
1%
People & payroll
Highest Reported Total Compensation
Individual Anson Wong · Reported title President · Highest reported compensation $0 · Total expenses $225K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $225K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$424K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$457K revenue · ⤓ 990 PDF
FY2024$578K revenue · ⤓ 990 PDF
FY2023$634K revenue · ⤓ 990 PDF
FY2022$487K revenue · ⤓ 990 PDF
FY2021$116K revenue · ⤓ 990 PDF
FY2020$302K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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