Bloomington Symphony Orchestra INC EIN 23-7076183 Form 990 (PDF) Claim this org

Bloomington Symphony Orchestra INC

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An arts and culture nonprofit based in Bloomington, IN. It reported about $108K in revenue for 2023. For fiscal year 2024 it reported $108K in revenue, in expenses, and $120K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Bloomington, IN
Website
bloomingtonsymphony.com
Filings
3 on file (2022–2024)
Revenue
$108KFY2024
Expenses
Net assets
$120K
People
12
Filings
3
Updates
0
More identity details & actions ⌄
EIN  23-7076183 Public charity (501(c)(3)) Bloomington, IN
Form 990 (PDF)
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Size
$100K–1M
What they do
An arts and culture nonprofit based in Bloomington, IN. It reported about $108K in revenue for 2023.
Leadership
Isaac Terceros · Interim Music Director · $21K
Money in and out
$108K revenue
Bottom line
16.7mo operating runway
Where the money goes · FY2024
Total revenue
$108K
Pt VIII · Ln 12
Total expenses
Pt IX · Ln 25
Net assets
$120K
Pt X · Ln 32
Operating runway
16.7mo
months of highly liquid reserves at operating expense rate▲ +44% vs prior filing year
Surplus margin
+18%
revenue over expenses, this year▲ +185% vs prior filing year
Donor-funded
54%
of revenue is gifts & grants▲ +5% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990-EZ
Revenue
$108K
FY2024▲ +25%
Total revenue
$108K
Pt VIII · Ln 12
Total expenses
Pt IX · Ln 25
Net assets
$120K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19
Total assetsPt X · Ln 16
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBloomington Symphony Orchestra INC
EINHdr · item D23-7076183
Principal addressHdr · item CBloomington, IN
WebsiteHdr · item Jbloomingtonsymphony.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A690)
Ruling yearIRS BMFJan 1971

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a
Whistleblower policyPt VI · Ln 13
Document retention policyPt VI · Ln 14
CEO/top-official compensation independently reviewedPt VI · Ln 15a
Family or business relationships among officers/directorsPt VI · Ln 2

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Interim Music Director
$21,000Pt VII · Sec A
Orchestra Manager
$15,000Pt VII · Sec A
Music Librarian
$3,900Pt VII · Sec A
Concert Leader
$3,900Pt VII · Sec A
Production Manager
$1,250Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Isaac Terceros’s $21K as Interim Music Director is at the 16th 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 · 7 named individuals · Part VII

NameFY2024FY2023FY2022
Isaac Terceros$21,000
Alejandro Gomez Guillen$21,000$21,000
Kira Gartell$15,000$15,000$13,000
Marianne Ritter$3,900$3,900$3,600
Kit Boulding$3,900$3,900$3,600
Howard Swyers$3,600
Margaret Shumate$1,250$1,250

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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Statement of Revenue

Part VIII
Other revenue100%$108K
Total revenueLn 12$108K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16
Total liabilitiesLn 26$9K
Total net assetsLn 32$120K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $123K · Operating expenses/yr $88K
16.7 months
Where the money goes
Program services
not reported
Management & General
not reported
Fundraising
not reported
Cost to raise $1
not reported
Where the money comes from
Contribution dependence
Contributions & grants $58K · Total revenue $108K
54%
Government reliance
not reported
Earned-income share
Program service revenue $30K · Total revenue $108K
28%
Investment reliance
Investment income $4K · Total revenue $108K
+4%
Program self-sufficiency
Program service revenue $30K · Total expenses $88K
34%
Growth & trend
Revenue growth (YoY)
This year $108K · Prior year $87K
+25%
Net-asset trend (YoY)
End of year $120K · Beginning of year $104K
+16%
Balance sheet
Surplus Margin
Revenue $108K · Expenses $88K
+18%
Liabilities-to-Assets
Total liabilities $9K · Total assets $129K
7%
Net-asset ratio
Net assets $120K · Total assets $129K
93%
People & payroll
Highest Reported Total Compensation
Individual Isaac Terceros · Reported title Interim Music Director · Highest reported compensation $21K · Total expenses $88K
24%
Personnel share
Salaries & benefits $15K · Total expenses $88K
17%
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth 25%

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 · FY2025
Total grants receivedfrom 1 funder$2K

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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
FY2024 (Latest)$108K revenue · viewing · ⤓ 990 PDF
FY2023$87K revenue · ⤓ 990 PDF
FY2022$71K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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