Iris Orchestra INC FY2022 filing

Tax-deductible

Germantown, TN501(c)(3)Arts & CultureEIN 20-4091251

Establish & maintain for the community both arts & education related to the highest quality of music excellence; perform widely diverse programs; promote the arts and music; build awareness of the uniqueness of the iris orchestra and secure funding to support the orchestra and access to IT by the community; support new music; preserve tradition of excellence in iris performances; expand opportunities to showcase the iris orchestra; and provide opportunities for educational programs & enhance classical music appreciation in all ventures.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$81K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990-TIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-T
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $53K a year · 8% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$81K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $140K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$996K
+67% vs prior year
Spent
$880K
To programs
72%
Net assets
$368K
By yearFY2020–FY2025
Revenue
$996K
FY2022▲ +67%
Revenue by fiscal year
FY2020$884K
FY2021$598K
FY2022$996K
FY2023$519K
FY2024$749K
FY2025$480K
Expenses
$880K
FY2022▲ +52%
Expenses by fiscal year
FY2020$818K
FY2021$578K
FY2022$880K
FY2023$498K
FY2024$584K
FY2025$550K
Net assets
$368K
FY2022▲ +46%
Net assets by fiscal year
FY2020$232K
FY2021$252K
FY2022$368K
FY2023$389K
FY2024$554K
FY2025$485K

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $635K Management & general 23% · $204K Fundraising 5% · $41K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

18 people listed on the 990-T; $81K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$80,710Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Rebecca Arendt’s $80K as Executive Director is at the 75th percentile of top reported officer pay among 2215 $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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Marcia Kaufmann———$80,710$77,721$75,034
Rebecca Arendt$80,000$80,000$64,099———

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.

See Iris Orchestra INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes music excellence through performances, education, and community access to classical music.

Provided by the organization

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1 program service account for $635K of program spending, described in the organization's own filed words · FY2021.
01

Established and maintained for the community both arts & education related to the highest quality of music excellence

$635Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Arts MemphisFY2024$21K
Total grants receivedfrom 6 funders$140K
See all 6 funders →

By the numbers

The FY2022 990-T, line by line.

1The main four
Money in
$996K
Gifts and grants$829K
Fees for services$167K
Investment income$138
Money out
$880K
Programs$635K
Management$204K
Fundraising$41K
Owns and owes
$368K
net assets
Cash and savings$273K
Total assets$372K
Liabilities$4K
People
18
listed
Paid1
Voting board16
Independent16
2In more detail
Revenue in detail
Gifts and grants$829K
Government grants$143K
Fees for services$167K
Investment income$138
Total revenue$996K
Assets in detailEnd of year
Cash and savings together$273K
Total assets$372K
Liabilities$4K
Net assets$368K
Operations
Employees6
Volunteers0
Fiscal year endsJune
Conflict-of-interest policyYes
Whistleblower policyYes
Records policyNo

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $480K$550K−$69K$485K 990 PDF
FY2024 $749K$584K$165K$554K 990 PDF
FY2023 $519K$498K$21K$389K 990 PDF
FY2022 Viewing $996K$880K$116K$368K 990 PDF
FY2021 $598K$578K$20K$252K 990 PDF
FY2020 $884K$818K$66K$232K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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