Space Coast Symphony Orchestra INC

Tax-deductible

Cocoa, FL501(c)(3)Arts & CultureEIN 27-0197064Revenue $447K in FY2024

On file with the IRSspacecoastsymphony.orgPo Box 237646, 32923-7646 · Cocoa, FLTax-exempt since Apr 2010Publicly supported — 509(a)(2)

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Providing classical music to audiences at an affordable price.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 100 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $18K a year · 4% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $6K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$102K
518% of total assets
Concern: liabilities are 518% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$447K
-7% vs prior year
Spent
$519K
To programs
85%
Net assets
−$83K
By yearFY2020–FY2024
Revenue
$447K
FY2024▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$322K
FY2021$378K
FY2022$418K
FY2023$479K
FY2024$447K
Expenses
$519K
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$274K
FY2021$349K
FY2022$488K
FY2023$502K
FY2024$519K
Net assets
−$83K
FY2024▼ -714%
Tap a bar for its year
Net assets by fiscal year
FY2020$56K
FY2021$86K
FY2022$5K
FY2023−$10K
FY2024−$83K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2010.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $442K Management & general 14% · $72K Fundraising 1% · $5K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
Exceutive Board
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Excecutive Board
$0Pt VII · Sec A
Executive Board
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Jennifer Royals’s $5K as Vice President is at the 4th percentile of top reported officer pay among 2216 $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.

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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

Offers affordable classical music concerts to the public.

Questions for Space Coast Symphony Orchestra INC

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Provided by the organization

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1 program · $442K · in their own filed words · FY2024
01

Performed classical orchestra and chamber concerts in brevard and indian river counties in florida. There were many performances that were provided at an affordable price. Price was sometimes determined by purchasers ability to pay or provided for free. Programs gave free admission to students and youths under the age of 18.

$442Kprogram expense

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 2 funders$6K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$447K
Ln 12
Fees for servicesLn 2g$306K
Gifts and grantsLn 1h$134K
Other incomeLn 4–11$6K
Money outPt IX
$519K
Ln 25
Programscol B$442K
Managementcol C$72K
Fundraisingcol D$5K
Owns and owesPt X
−$83K
net assets · Ln 32
Cash and savingsLn 1–2$410
Total assetsLn 16$20K
LiabilitiesLn 26$102K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$134K
Government grantsLn 1e$24K
Fees for servicesLn 2g$306K
Other incomeLn 4–11$6K
Total revenueLn 12$447K
Assets in detailPt X, end of year
CashLn 1$410
Cash and savings togetherLn 1–2$410
Other assetsLn 15$19K
Total assetsLn 16$20K
LiabilitiesLn 26$102K
Net assetsLn 32−$83K
OperationsPt I, VI
EmployeesI 51
VolunteersI 6100
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$22K$410
Total assetsLn 16$42K$20K
LiabilitiesLn 26$52K$102K
Net assetsLn 32−$10K−$83K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$63K$47K$16K
Payroll taxesLn 10$786$786
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$290K$290K
Advertising and promotionLn 12$14K$13K$695
Office expensesLn 13$7K$6K$1K
Information technologyLn 14$10K$1K$8K
OccupancyLn 16$10K$10K
TravelLn 17$6K$6K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$90K$75K$12K$4K
All other expensesLn 24e$19K$9K$10K
Total functional expensesLn 25$519K$442K$72K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $447K$519K−$72K−$83K 990 PDF
FY2023 $479K$502K−$23K−$10K 990 PDF
FY2022 $418K$488K−$71K$5K 990 PDF
FY2021 $378K$349K$29K$86K 990 PDF
FY2020 $322K$274K$48K$56K 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 FY2024 990 (6 parts)
Part I · Summary $446,903 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $174,024$134,369
I-9 Program service revenuePrior year $297,679$306,111
I-10 Investment income$0
I-11 Other revenuePrior year $6,983$6,423
I-12 Total revenuePrior year $478,686$446,903
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $58,815$64,037
I-16a Professional fundraising feesPrior year $1,688$0
I-17 Other expensesPrior year $441,077$455,351
I-18 Total expensesPrior year $501,580$519,388
I-19 Revenue less expensesPrior year −$22,894−$72,485
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $446,903 across 7 lines filed
Lines not itemized here account for $5,040 of total revenue; see the IRS return.
VIII-1e Government grants$23,912
VIII-1f All other contributions, gifts and grants$110,457
VIII-1h Total contributions, gifts and grants$134,369
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $306,111$306,111
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,383$1,383
VIII-12 Total revenueRelated to mission $312,534 · Unrelated business $0 · Excluded from tax $0$446,903
Part IX · Statement of functional expenses $519,388 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $47,438 · Management $15,813$63,251
IX-10 Payroll taxesPrograms $786$786
IX-11c Accounting feesManagement $7,078$7,078
IX-11g Other fees for servicesPrograms $289,864$289,864
IX-12 Advertising and promotionPrograms $13,145 · Fundraising $695$13,840
IX-13 Office expensesManagement $6,342 · Fundraising $1,088$7,430
IX-14 Information technologyPrograms $1,440 · Management $8,092$9,532
IX-16 OccupancyManagement $9,600$9,600
IX-17 TravelPrograms $5,541$5,541
IX-23 InsuranceManagement $3,213$3,213
IX-24 Other expenses (24a–d)Programs $74,765 · Management $11,620 · Fundraising $3,593$89,978
IX-24e All other expensesPrograms $8,783 · Management $10,492$19,275
IX-25 Total functional expensesPrograms $441,762 · Management $72,250 · Fundraising $5,376$519,388
Part X · Balance sheet $19,780 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $22,168$410
X-15 Other assetsStart of year $19,370$19,370
X-16 Total assetsStart of year $41,538$19,780
X-17 Accounts payable and accrued expensesStart of year $42,007$102,416
X-26 Total liabilitiesStart of year $51,689$102,416
X-32 Total net assets or fund balancesStart of year −$10,151−$82,636
X-33 Total liabilities and net assetsStart of year $41,538$19,780
Part XI · Reconciliation of net assets −$82,636 net assets at year end
XI-1 Total revenue$446,903
XI-2 Total expenses$519,388
XI-3 Revenue less expenses−$72,485
XI-4 Net assets at start of year−$10,151
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$82,636

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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