Waterloo Cedar Falls Symphony Orchestra Association

Tax-deductible

Cedar Falls, IA501(c)(3)EIN 42-0766745Revenue $633K in FY2025

On file with the IRSwcfsymphony.org8201 Dakota Street Gallagher Blued, 50614-0001 · Cedar Falls, IATax-exempt since Mar 1971Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the Symphony is to provide the best live music there is.

501(c)(3) charity; gifts are tax-deductible.
44¢ of each $1 spent went to programs.
Run by 32 volunteers and 13 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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 5
filings with a surplus
Average surplus $5K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
44%
of spending
Concern: 44% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$59K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $4K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
0.6% of total assets
Looks good: liabilities are 1% 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
$633K
-9% vs prior year
Spent
$700K
To programs
44%
Net assets
$766K
By yearFY2021–FY2025
Revenue
$633K
FY2025▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2021$469K
FY2022$919K
FY2023$473K
FY2024$697K
FY2025$633K
Expenses
$700K
FY2025▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2021$338K
FY2022$607K
FY2023$718K
FY2024$800K
FY2025$700K
Net assets
$766K
FY2025▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2021$787K
FY2022$1.1M
FY2023$853K
FY2024$799K
FY2025$766K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1971.

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

Where the money goes

44 cents of each dollar spent went to programs.

Program services 44% · $310K Management & general 47% · $332K Fundraising 8% · $58K

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

18 people listed on the 990; $59K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$59,089Pt VII · Sec A
President
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
President Elect
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Richard Frevert——$48,443$64,086$55,118
Jordan Bancroft$59,089$58,993$11,538——
Randy Grabowski—$3,514———
Alexander Pershounin—$2,558$3,358—$735
Anthony Williams—$2,279$2,423$790—
Renee Veenstra—$2,187$1,777$601—

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.

See Waterloo Cedar Falls Symphony Orchestra 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Presents the finest live orchestral music performances.

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Provided by the organization

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1 program · $310K · in their own filed words · FY2024
01

Provided classical concerts, pops concerts, and a series of music lab youth concerts. Facilitated a year-long artist residency in the waterloo schools. Went into local schools to educate young students about classical music.

$310Kprogram 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 1 funder$4K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$633K
Ln 12
Gifts and grantsLn 1h$468K
Fees for servicesLn 2g$125K
Investment incomeLn 3$40K
Money outPt IX
$700K
Ln 25
Programscol B$310K
Managementcol C$332K
Fundraisingcol D$58K
Owns and owesPt X
$766K
net assets · Ln 32
Cash and savingsLn 1–2$58K
Total assetsLn 16$771K
LiabilitiesLn 26$5K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$468K
Government grantsLn 1e$15K
Fees for servicesLn 2g$125K
Investment incomeLn 3$40K
Gains on assetsLn 7$24K
Total revenueLn 12$633K
Assets in detailPt X, end of year
CashLn 1$48K
SavingsLn 2$11K
Cash and savings togetherLn 1–2$58K
InvestmentsLn 11–13$656K
Land, buildings, equipmentLn 10c$26K
Total assetsLn 16$771K
LiabilitiesLn 26$5K
Net assetsLn 32$766K
OperationsPt I, VI
EmployeesI 513
VolunteersI 632
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 FY25End FY25
Cash and savingsLn 1–2$28K$58K
InvestmentsLn 11–13$758K$656K
Land, buildings, equipmentLn 10c$11K$26K
Total assetsLn 16$825K$771K
LiabilitiesLn 26$26K$5K
Net assetsLn 32$799K$766K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$73K$18K$47K$7K
Other salaries and wagesLn 7$361K$144K$198K$18K
Pension plan contributionsLn 8$3K$1K$2K$154
Other employee benefitsLn 9$3K$1K$2K$141
Payroll taxesLn 10$18K$7K$10K$1K
Management feesLn 11a$5K$5K
Accounting feesLn 11c$24K$24K
Other fees for servicesLn 11g$19K$19K
Advertising and promotionLn 12$23K$18K$5K
Office expensesLn 13$15K$1K$9K$4K
Information technologyLn 14$46K$5K$18K$23K
OccupancyLn 16$8K$3K$3K$2K
Depreciation, depletion and amortizationLn 22$8K$5K$3K$159
InsuranceLn 23$4K$2K$2K
Other expenses (24a–d)Ln 24$81K$81K
All other expensesLn 24e$11K$5K$3K$3K
Total functional expensesLn 25$700K$310K$332K$58K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $633K$700K−$67K$766K 990 PDF
FY2024 $697K$800K−$103K$799K 990 PDF
FY2023 $473K$718K−$246K$853K 990 PDF
FY2022 $919K$607K$311K$1.1M 990 PDF
FY2021 $469K$338K$131K$787K 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 FY2025 990 (6 parts)
Part I · Summary $632,691 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $467,344$467,987
I-9 Program service revenuePrior year $199,870$125,185
I-10 Investment incomePrior year $29,889$39,519
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $697,103$632,691
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $475,329$457,831
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $325,003$242,239
I-18 Total expensesPrior year $800,332$700,070
I-19 Revenue less expensesPrior year −$103,229−$67,379
Part VI · Governance 17 of 17 board members independent, 5 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $632,691 across 7 lines filed
VIII-1e Government grants$15,000
VIII-1f All other contributions, gifts and grants$452,987
VIII-1h Total contributions, gifts and grants$467,987
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $120,879 · Unrelated business $4,306$125,185
VIII-3 Investment incomeExcluded from tax $15,721$15,721
VIII-7 Net gain or loss on sales of assetsExcluded from tax $23,798$23,798
VIII-12 Total revenueRelated to mission $120,879 · Unrelated business $4,306 · Excluded from tax $39,519$632,691
Part IX · Statement of functional expenses $700,070 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $18,234 · Management $47,408 · Fundraising $7,294$72,936
IX-7 Other salaries and wagesPrograms $144,224 · Management $198,309 · Fundraising $18,028$360,561
IX-8 Pension plan contributionsPrograms $1,232 · Management $1,695 · Fundraising $154$3,081
IX-9 Other employee benefitsPrograms $1,130 · Management $1,554 · Fundraising $141$2,825
IX-10 Payroll taxesPrograms $6,906 · Management $10,446 · Fundraising $1,076$18,428
IX-11a Management feesManagement $5,000$5,000
IX-11c Accounting feesManagement $23,910$23,910
IX-11g Other fees for servicesPrograms $18,548$18,548
IX-12 Advertising and promotionPrograms $18,204 · Management $4,551$22,755
IX-13 Office expensesPrograms $1,029 · Management $9,279 · Fundraising $4,282$14,590
IX-14 Information technologyPrograms $4,616 · Management $18,465 · Fundraising $23,081$46,162
IX-16 OccupancyPrograms $3,072 · Management $3,072 · Fundraising $1,536$7,680
IX-22 Depreciation, depletion and amortizationPrograms $4,776 · Management $3,025 · Fundraising $159$7,960
IX-23 InsurancePrograms $1,807 · Management $1,806$3,613
IX-24 Other expenses (24a–d)Programs $81,013$81,013
IX-24e All other expensesPrograms $5,021 · Management $3,288 · Fundraising $2,699$11,008
IX-25 Total functional expensesPrograms $309,812 · Management $331,808 · Fundraising $58,450$700,070
Part X · Balance sheet $770,833 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $16,901$47,530
X-2 Savings and temporary cash investmentsStart of year $10,853$10,919
X-4 Accounts receivableStart of year $13,137$16,970
X-9 Prepaid expenses and deferred chargesStart of year $14,227$12,967
X-10c Land, buildings and equipment, netStart of year $11,458$26,343
X-11 Publicly traded securitiesStart of year $758,327$656,104
X-16 Total assetsStart of year $824,903$770,833
X-17 Accounts payable and accrued expensesStart of year $12,635$2,239
X-19 Deferred revenueStart of year $13,000$2,500
X-26 Total liabilitiesStart of year $25,635$4,739
X-27 Net assets without donor restrictionsStart of year $799,268$766,094
X-32 Total net assets or fund balancesStart of year $799,268$766,094
X-33 Total liabilities and net assetsStart of year $824,903$770,833
Part XI · Reconciliation of net assets $766,094 net assets at year end
XI-1 Total revenue$632,691
XI-2 Total expenses$700,070
XI-3 Revenue less expenses−$67,379
XI-4 Net assets at start of year$799,268
XI-5 Net unrealized gains (losses) on investments$27,048
XI-8 Prior period adjustments$7,157
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$766,094

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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