Odessa Symphony Guild FY2023 filing

Tax-deductible

Odessa, TX501(c)(3)Since 1958Arts & CultureEIN 27-2956889

To provide education to the community and financial support to midland odessa symphony & chorale, INC.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
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
4 of 4
filings with a surplus
Average surplus $56K a year · 57% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
39 mo
of spending, in cash
Looks good: 39.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
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
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
$134K
+90% vs prior year
Spent
$48K
To programs
100%
Net assets
$185K
By yearFY2020–FY2024
Revenue
$134K
FY2023▲ +90%
Revenue by fiscal year
FY2020$69K
FY2021$58K
FY2022$71K
FY2023$134K
FY2024$127K
FY2024$140K
Expenses
$48K
FY2023▼ -2%
Expenses by fiscal year
FY2020Not on file
FY2021$42K
FY2022$49K
FY2023$48K
FY2024$27K
FY2024$102K
Net assets
$185K
FY2023▲ +87%
Net assets by fiscal year
FY2020$62K
FY2021$78K
FY2022$99K
FY2023$185K
FY2024$284K
FY2024$321K

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

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2013-11-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Oct 2015.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $48K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

8 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
Project VP
$0Pt VII · Sec A
President Elect
$0Pt VII · Sec A
Recording Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Corresponding Secretary
$0Pt VII · Sec A
Parliamentarian
$0Pt VII · Sec A
Membership VP
$0Pt VII · Sec A
See Odessa Symphony Guild 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

Offers community education and financial aid to the Midland Odessa Symphony & Chorale.

Provided by the organization

This section is blank until Odessa Symphony Guild claims this page.

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1 program service account for $48K of program spending, described in the organization's own filed words · FY2022.
01

Belles and beaux ball was held and money raised was given to mosc.

$48Kprogram 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 · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$10K
Grants paid · 4 grants · $168K · 2020–2024

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$134K
Ln 12
Other incomeLn 4–11$95K
Gifts and grantsLn 1h$39K
Money outPt IX
$48K
Ln 25
Programscol B$48K
Owns and owesPt X
$185K
net assets · Ln 32
Cash and savingsLn 1–2$158K
Total assetsLn 16$185K
LiabilitiesLn 26$0
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$39K
Other incomeLn 4–11$95K
Total revenueLn 12$134K
Assets in detailPt X, end of year
CashLn 1$158K
Cash and savings togetherLn 1–2$158K
Total assetsLn 16$185K
LiabilitiesLn 26$0
Net assetsLn 32$185K
OperationsPt I, VI
EmployeesI 50
VolunteersI 682
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$99K$158K
Total assetsLn 16$99K$185K
LiabilitiesLn 26$0$0
Net assetsLn 32$99K$185K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$32K$32K
Accounting feesLn 11c$400$400$0$0
Advertising and promotionLn 12$3K$3K$0$0
Office expensesLn 13$855$855$0$0
Conferences, conventions and meetingsLn 19$2K$2K$0$0
Other expenses (24a–d)Ln 24$10K$10K$0$0
Total functional expensesLn 25$48K$48K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $127K$27K$99K$284K 990 PDF
FY2023 Viewing $134K$48K$86K$185K 990 PDF
FY2022 $71K$49K$21K$99K 990 PDF
FY2021 $58K$42K$16K$78K 990 PDF
FY2020 $69K$62K 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 (4 parts)
Part VIII · Statement of revenue $134,182 across 5 lines filed
VIII-1b Membership dues$36,804
VIII-1f All other contributions, gifts and grants$2,550
VIII-1h Total contributions, gifts and grants$39,354
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $94,828$94,828
VIII-12 Total revenueUnrelated business $0 · Excluded from tax $94,828$134,182
Part IX · Statement of functional expenses $48,406 across 6 lines filed
IX-2 Grants to domestic individualsPrograms $32,500$32,500
IX-11c Accounting feesPrograms $400 · Management $0 · Fundraising $0$400
IX-12 Advertising and promotionPrograms $2,631 · Management $0 · Fundraising $0$2,631
IX-13 Office expensesPrograms $855 · Management $0 · Fundraising $0$855
IX-19 Conferences, conventions and meetingsPrograms $1,639 · Management $0 · Fundraising $0$1,639
IX-24 Other expenses (24a–d)Programs $10,381 · Management $0 · Fundraising $0$10,381
IX-25 Total functional expensesPrograms $48,406 · Management $0 · Fundraising $0$48,406
Part X · Balance sheet $184,881 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $99,105$157,761
X-3 Pledges and grants receivable$27,120
X-16 Total assetsStart of year $99,105$184,881
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $99,105$184,881
X-32 Total net assets or fund balancesStart of year $99,105$184,881
X-33 Total liabilities and net assetsStart of year $99,105$184,881
Part XI · Reconciliation of net assets $184,881 net assets at year end
XI-1 Total revenue$134,182
XI-2 Total expenses$48,406
XI-3 Revenue less expenses$85,776
XI-4 Net assets at start of year$99,105
XI-10 Net assets at end of year$184,881

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

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