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Des Moines Symphony Association FY2020 filing

Tax-deductible

Des Moines, IA501(c)(3)Since 1937Arts & Culture EIN 42-6058830Revenue $3.2M in FY2020

On file with the IRSdmsymphony.org1011 Locust St Ste 200, 50309-2813 · Des Moines, IATax-exempt since Jan 1959Publicly supported — 509(a)(2)

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The Des Moines Symphony is a not-for-profit, professional orchestra formed in 1937 to enrich, educate, and inspire the community by performing great orchestral music. The Symphony Association, governed by a volunteer board of trustees and operating on an annual budget of more than 4.2 million, supports the Symphony academy and its numerous music education programs including four youth orchestras and a youth wind ensemble. The Association also supports the Des Moines Symphony orchestra which performs seven pairs of masterworks concerts, a summer season of free outdoor concerts at the lauridsen amphitheater in water works park, a regular season pops series including the traditional new year's eve pops, and education, outreach, and family concerts. The Des Moines Symphony also produces and performs the annual yankee doodle pops concert in july on the ground of the iowa state capital.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$373K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
3 of 6
filings with a surplus
Average surplus $246K a year · 6% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$373K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $28K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$700K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.2M
Spent
$3.6M
To programs
77%
Net assets
$9.4M
By yearFY2020–FY2025
Revenue
$3.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.2M
FY2021$2.7M
FY2022$5.3M
FY2023$3.2M
FY2024$3.6M
FY2025$5.1M
Expenses
$3.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.6M
FY2021$2.4M
FY2022$3.5M
FY2023$3.9M
FY2024$4.1M
FY2025$4.0M
Net assets
$9.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$9.4M
FY2021$11.6M
FY2022$18.9M
FY2023$19.1M
FY2024$19.9M
FY2025$22.0M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1959.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $2.7M Management & general 16% · $566K Fundraising 7% · $266K

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

26 people listed on the 990; $373K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Joseph Giunta
Music Dir, E
$237,632Pt VII · Sec A
Richard L Early
Ex Officio,
$134,888Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Rob Larsen
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Joseph Giunta’s $278K as Music Director is at the 95th percentile of top reported officer pay among 3924 $1–10M 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 · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Joseph Giunta$277,500$255,500—$235,876$197,161$237,632
Joepsh Giunta——$244,504———
Richard L Early$156,444$150,448$143,583——$134,888
Richard Early———$139,110$134,824—
Scott Wyckoff$109,266$105,881————

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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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 15aYes

Programs and updates

Performs orchestral music to enrich, educate, and inspire the community.

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Provided by the organization

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2 programs · $2.7M · in their own filed words · FY2019
01

Establsihed in 1937 as an adjunct of drake university, the des moines symphony association became a separate entity in 1969. In 1989, joseph giunta began his tenure as music director and conductor of the des moines symphony.

$2.1Mprogram expense
02

The symphony academy was founded in 2003 and offers an array of programs and opportunities for individual and group instruction, performance and community involvement. Over 600 students, from pre-school to adults, including four youth orchestras and a youth wind ensemble, participate in over 20 different programs at the academy each…

$649Kprogram 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 · FY2025
Emc Insurance FoundationFY2025$25K
Coons FoundationFY2025$3K
Total grants receivedfrom 2 funders$28K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.2M
Ln 12
Gifts and grantsLn 1h$2.0M
Fees for servicesLn 2g$1.0M
Other incomeLn 4–11$145K
Money outPt IX
$3.6M
Ln 25
Programscol B$2.7M
Managementcol C$566K
Fundraisingcol D$266K
Owns and owesPt X
$9.4M
net assets · Ln 32
Cash and savingsLn 1–2$588K
Total assetsLn 16$10.1M
LiabilitiesLn 26$700K
PeoplePt VI, VII
26
listed · VII A
PaidVII A2
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Fundraising eventsLn 1c$38K
Fees for servicesLn 2g$1.0M
Other incomeLn 4–11$145K
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
CashLn 1$588K
Cash and savings togetherLn 1–2$588K
Land, buildings, equipmentLn 10c$140K
Other assetsLn 15$8.9M
Total assetsLn 16$10.1M
LiabilitiesLn 26$700K
Net assetsLn 32$9.4M
OperationsPt I, VI
EmployeesI 5299
VolunteersI 692
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$389K$588K
Land, buildings, equipmentLn 10c$159K$140K
Total assetsLn 16$8.8M$10.1M
LiabilitiesLn 26$463K$700K
Net assetsLn 32$8.3M$9.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$419K$293K$84K$42K
Other salaries and wagesLn 7$1.4M$979K$280K$140K
Other employee benefitsLn 9$103K$72K$21K$10K
Payroll taxesLn 10$146K$102K$29K$15K
Accounting feesLn 11c$31K$31K
Advertising and promotionLn 12$150K$150K
Office expensesLn 13$78K$43K$29K$6K
OccupancyLn 16$78K$52K$14K$12K
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$47K$33K$8K$6K
InsuranceLn 23$40K$10K$30K
Other expenses (24a–d)Ln 24$1.0M$983K$31K
All other expensesLn 24e$53K$11K$38K$4K
Total functional expensesLn 25$3.6M$2.7M$566K$266K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.1M$4.0M$1.1M$22.0M 990 PDF
FY2024 $3.6M$4.1M−$480K$19.9M 990 PDF
FY2023 $3.2M$3.9M−$782K$19.1M 990 PDF
FY2022 $5.3M$3.5M$1.8M$18.9M 990 PDF
FY2021 $2.7M$2.4M$212K$11.6M 990 PDF
FY2020 Viewing $3.2M$3.6M−$390K$9.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $3,171,142 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,132,243$2,000,968
I-9 Program service revenuePrior year $1,421,224$1,024,995
I-10 Investment income$0
I-11 Other revenuePrior year $129,005$145,179
I-12 Total revenuePrior year $3,682,472$3,171,142
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,212,061$2,067,372
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,476,359$1,493,797
I-18 Total expensesPrior year $3,688,420$3,561,169
I-19 Revenue less expensesPrior year −$5,948−$390,027
Part VI · Governance 24 of 24 board members independent, no flags
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,171,142 across 8 lines filed
VIII-1c Fundraising events$37,500
VIII-1d Related organizations$758,418
VIII-1f All other contributions, gifts and grants$1,205,050
VIII-1h Total contributions, gifts and grants$2,000,968
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $987,847 · Unrelated business $37,148$1,024,995
VIII-8 Net income from fundraising eventsExcluded from tax −$26,394−$26,394
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $171,573$171,573
VIII-12 Total revenueRelated to mission $1,159,420 · Unrelated business $37,148 · Excluded from tax −$26,394$3,171,142
Part IX · Statement of functional expenses $3,561,169 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $293,399 · Management $83,828 · Fundraising $41,914$419,141
IX-7 Other salaries and wagesPrograms $979,412 · Management $279,832 · Fundraising $139,916$1,399,160
IX-9 Other employee benefitsPrograms $72,418 · Management $20,691 · Fundraising $10,345$103,454
IX-10 Payroll taxesPrograms $101,932 · Management $29,123 · Fundraising $14,562$145,617
IX-11c Accounting feesManagement $31,385$31,385
IX-12 Advertising and promotionPrograms $149,674$149,674
IX-13 Office expensesPrograms $42,756 · Management $29,156 · Fundraising $5,709$77,621
IX-16 OccupancyPrograms $51,884 · Management $14,205 · Fundraising $12,392$78,481
IX-19 Conferences, conventions and meetingsManagement $1,734$1,734
IX-22 Depreciation, depletion and amortizationPrograms $32,748 · Management $8,400 · Fundraising $6,334$47,482
IX-23 InsurancePrograms $10,009 · Management $30,028$40,037
IX-24 Other expenses (24a–d)Programs $983,035 · Fundraising $31,038$1,014,073
IX-24e All other expensesPrograms $11,212 · Management $37,873 · Fundraising $4,225$53,310
IX-25 Total functional expensesPrograms $2,728,479 · Management $566,255 · Fundraising $266,435$3,561,169
Part X · Balance sheet $10,095,559 assets, 15 lines filed
Asset lines not itemized here account for $9,770; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $388,807$588,197
X-3 Pledges and grants receivableStart of year $644,830$329,947
X-4 Accounts receivableStart of year $32,076$84,801
X-9 Prepaid expenses and deferred chargesStart of year $64,167$17,163
X-10c Land, buildings and equipment, netStart of year $158,840$139,934
X-15 Other assetsStart of year $7,485,004$8,925,747
X-16 Total assetsStart of year $8,811,777$10,095,559
X-17 Accounts payable and accrued expensesStart of year $98,230$62,495
X-19 Deferred revenueStart of year $364,544$188,239
X-24 Unsecured notes and loans payable$449,000
X-26 Total liabilitiesStart of year $462,774$699,734
X-27 Net assets without donor restrictionsStart of year $27,517$112,286
X-28 Net assets with donor restrictionsStart of year $8,321,486$9,283,539
X-32 Total net assets or fund balancesStart of year $8,349,003$9,395,825
X-33 Total liabilities and net assetsStart of year $8,811,777$10,095,559
Part XI · Reconciliation of net assets $9,395,825 net assets at year end
XI-1 Total revenue$3,171,142
XI-2 Total expenses$3,561,169
XI-3 Revenue less expenses−$390,027
XI-4 Net assets at start of year$8,349,003
XI-9 Other changes in net assets$1,436,849
XI-10 Net assets at end of year$9,395,825

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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