Phoenix Symphony Support Foundation EIN 26-2741009 Form 990 (PDF) Claim this org

Phoenix Symphony Support Foundation

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Safeguards endowment funds and makes annual distributions to the Phoenix Symphony. For fiscal year 2024 it reported $997K in revenue, $45K in expenses, and $1.3M in net assets.Pt I

Founded
2007
Type
Supporting organization · Arts & Culture
Location
Phoenix, AZ
Filings
5 on file (2020–2024)
Revenue
$997KFY2024
Expenses
$45K
Net assets
$1.3M
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-2741009 Supporting organization Phoenix, AZ Founded 2007
Form 990 (PDF)
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Size
$100K–1M
What they do
Safeguards endowment funds and makes annual distributions to the Phoenix Symphony.
Leadership
Mary Jane Rynd · Board Chair
Money in and out
$997K revenue, $45K expenses
Bottom line
+95% net inflow
Money in and out · FY2024
Total revenue
$997K
Pt VIII · Ln 12
Total expenses
$45K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $951K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.16 Fundraising $0.05
Net inflow
+95%
revenue over expenses, this year▲ +122% vs prior filing year
Pass-through gifts
99%
of revenue from contributions
Program spending
78%
of expenses reach stated programs▼ -11% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$997K
FY2024▲ ×272
Expenses
$45K
FY2024▲ +131%
Total assets
$1.4M
FY2024▲ +266%
Total liabilities
$41K
FY2024▲ +271%
Total revenue
$997K
Pt VIII · Ln 12
Total expenses
$45K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$951K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPhoenix Symphony Support Foundation
EINHdr · item D26-2741009
Principal addressHdr · item CPhoenix, AZ
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2007
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A11)
Ruling yearIRS BMFOct 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director (thru Feb 2025)
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $36K of program spending, described in the organization's own filed words · FY2024.
01

The endowment funds are held and invested in support of phoenix symphony association (psa) and to make annual distributions in support of the general operations of the psa.

$36Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$984K · 99%
Investment income$13K · 1%
Contributions & grants99%$984K
Investment income1%$13K
Total revenueLn 12$997K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.16 Fundraising $0.05
Program services78%$36K
Management & general16%$7K
Fundraising5%$2K
Total functional expensesLn 25$45K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$1.4M
Total liabilitiesLn 26$41K
Total net assetsLn 32$1.3M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $270K · Operating expenses/yr $45K
71.3 months
Where the money goes
Program services
Program services $36K · Total expenses $45K
78%
Management & General
Management & general $7K · Total expenses $45K
16%
Fundraising
Fundraising $2K · Total expenses $45K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $810 · Solicited contributions (3-yr avg) $328K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $984K · Total revenue $997K
99%
Government reliance
Government grants — · Total revenue $997K
Earned-income share
Program service revenue $0 · Total revenue $997K
0%
Investment reliance
Investment income $13K · Total revenue $997K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $45K
0%
Growth & trend
Revenue growth (YoY)
This year $997K · Prior year $4K
Prior-year revenue below floor — showing dollar change
Revenue CAGR
FY2019 $59K · FY2024 $997K
+76%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $997K · Expenses $45K
+95%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
Net-asset ratio
Net assets $1.3M · Total assets $1.4M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $270K · Total assets (Pt X, ln 16) $1.4M
20%
People & payroll
Highest Reported Total Compensation
Individual Mary Jane Rynd · Reported title BOARD CHAIR · Highest reported compensation $0 · Total expenses $45K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $45K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 16%
Fundraising cost ratio 0.2%
Revenue growth ×272

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 · this organization's grantmaking
Grants paid · 6 grants · $65K · 2019–2024
Phoenix Symphony AssociationAZ · FY2024$10,600
Phoenix Symphony AssociationAZ · FY2023$10,700
Phoenix Symphony AssociationAZ · FY2022$10,500
Phoenix Symphony AssociationAZ · FY2021$10,600
Phoenix Symphony AssociationAZ · FY2020$10,600
Phoenix Symphony AssociationAZ · FY2019$11,800

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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$4K revenue · ⤓ 990 PDF
FY2023$6K revenue · ⤓ 990 PDF
FY2022$12K revenue · ⤓ 990 PDF
FY2021$27K revenue · ⤓ 990 PDF
FY2020$59K 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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