Peninsula Symphony Association FY2023 filing

Tax-deductible

Rllng Hls Est, CA501(c)(3)EIN 23-7008895Revenue $224K in FY2023

On file with the IRSpeninsulasymphony.org916 Silver Spur Rd Ste 303, 90274-3828 · Rllng Hls Est, CATax-exempt since Feb 1969Publicly supported — 509(a)(2)

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Perform orchestral concerts and young musician competitions annually.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · Form 990Independent: 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
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $18K a year · 8% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
23 mo
of spending, in cash
Looks good: 22.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$224K
+30% vs prior year
Spent
$211K
To programs
86%
Net assets
$401K
By yearFY2020–FY2025
Revenue
$224K
FY2023▲ +30%
Tap a bar for its year
Revenue by fiscal year
FY2020$170K
FY2021$162K
FY2022$172K
FY2023$224K
FY2024$256K
FY2025$200K
Expenses
$211K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$211K
FY2024$207K
FY2025$208K
Net assets
$401K
FY2023▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$282K
FY2021$447K
FY2022$382K
FY2023$401K
FY2024$483K
FY2025$450K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 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 Feb 1969.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $181K Management & general 14% · $30K

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

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Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Community Relat
$0Pt VII · Sec A
Education
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Facilities
$0Pt VII · Sec A
See Peninsula Symphony Association 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 15aNo

Programs and updates

Presents free orchestral concerts to the public.

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Provided by the organization

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2 programs · $181K · in their own filed words · FY2022
01

Four orchestral concerts were presented to the general public, free of charge.

$181Kprogram expense
02

A young musicians competition is presented annually. The winners are invited to perform with the symphony.

Pt IX · col B

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
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$224K
Ln 12
Fees for servicesLn 2g$107K
Gifts and grantsLn 1h$86K
Investment incomeLn 3$28K
Money outPt IX
$211K
Ln 25
Programscol B$181K
Managementcol C$30K
Owns and owesPt X
$401K
net assets · Ln 32
Cash and savingsLn 1–2$401K
Total assetsLn 16$401K
LiabilitiesLn 26$0
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$86K
Government grantsLn 1e$57K
Fundraising eventsLn 1c$1K
Fees for servicesLn 2g$107K
Investment incomeLn 3$28K
Other incomeLn 4–11$3K
Gains on assetsLn 7$0
Total revenueLn 12$224K
Assets in detailPt X, end of year
CashLn 1$401K
SavingsLn 2$0
Cash and savings togetherLn 1–2$401K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$401K
LiabilitiesLn 26$0
Net assetsLn 32$401K
OperationsPt I, VI
EmployeesI 591
VolunteersI 613
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$382K$401K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$382K$401K
LiabilitiesLn 26$0$0
Net assetsLn 32$382K$401K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$107K$97K$10K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$11K$10K$896
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$26K$26K
Advertising and promotionLn 12$0
Office expensesLn 13$431$431
Information technologyLn 14$0
RoyaltiesLn 15$7K$7K
OccupancyLn 16$22K$11K$12K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$10K$9K$708
Other expenses (24a–d)Ln 24$17K$15K$2K
All other expensesLn 24e$8K$7K$1K
Total functional expensesLn 25$211K$181K$30K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $200K$208K−$9K$450K 990 PDF
FY2024 $256K$207K$49K$483K 990 PDF
FY2023 Viewing $224K$211K$12K$401K 990 PDF
FY2022 $172K$382K 990 PDF
FY2021 $162K$447K 990 PDF
FY2020 $170K$282K 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
See the full FY2023 990 (6 parts)
Part I · Summary $223,699 revenue, 12 lines filed
I-8 Contributions and grants$85,533
I-9 Program service revenue$107,228
I-10 Investment income$27,838
I-11 Other revenue$3,100
I-12 Total revenue$223,699
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$118,123
I-16a Professional fundraising fees$0
I-17 Other expenses$93,133
I-18 Total expenses$211,256
I-19 Revenue less expenses$12,443
Part VI · Governance 17 of 17 board members independent, 4 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $223,699 across 11 lines filed
VIII-1c Fundraising events$1,216
VIII-1e Government grants$56,550
VIII-1f All other contributions, gifts and grants$27,767
VIII-1h Total contributions, gifts and grants$85,533
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $107,228$107,228
VIII-3 Investment incomeRelated to mission $27,838$27,838
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$3,100
VIII-12 Total revenueRelated to mission $135,066$223,699
Part IX · Statement of functional expenses $211,256 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $96,675 · Management $10,233$106,908
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $10,319 · Management $896$11,215
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $3,000$3,000
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $25,804$25,804
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $431$431
IX-14 Information technology$0
IX-15 RoyaltiesPrograms $6,534$6,534
IX-16 OccupancyPrograms $10,898 · Management $11,550$22,448
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $9,134 · Management $708$9,842
IX-24 Other expenses (24a–d)Programs $14,825 · Management $2,167$16,992
IX-24e All other expensesPrograms $6,774 · Management $1,308$8,082
IX-25 Total functional expensesPrograms $180,963 · Management $30,293 · Fundraising $0$211,256
Part X · Balance sheet $400,781 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $381,617$400,781
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $381,617$400,781
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $381,617$400,781
X-32 Total net assets or fund balancesStart of year $381,617$400,781
X-33 Total liabilities and net assetsStart of year $381,617$400,781
Part XI · Reconciliation of net assets $400,781 net assets at year end
XI-1 Total revenue$223,699
XI-2 Total expenses$211,256
XI-3 Revenue less expenses$12,443
XI-4 Net assets at start of year$381,617
XI-9 Other changes in net assets$6,721
XI-10 Net assets at end of year$400,781

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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