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Punta Gorda Symphony INC FY2020 filing

Tax-deductible

Punta Gorda, FL501(c)(3)Arts & Culture EIN 59-2029342Revenue $773K in FY2020

On file with the IRScharlottesymphony.com721 W Virginia Ave, 33950-5418 · Punta Gorda, FLTax-exempt since Nov 1980Publicly supported charity — 170(b)(1)(A)(vi)

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To provide a quality regional orchestra serving the community with symphonic music, a valuable part of cultural growth

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
2 of 6
filings with a surplus
Average deficit $42K a year · 8% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$172K
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$773K
Spent
$774K
To programs
89%
Net assets
$222K
By yearFY2020–FY2025
Revenue
$773K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$773K
FY2021$589K
FY2022$882K
FY2023$584K
FY2024$293K
FY2025$3K
Expenses
$774K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$774K
FY2021$463K
FY2022$800K
FY2023$826K
FY2024$497K
FY2025$14K
Net assets
$222K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$222K
FY2021$347K
FY2022$430K
FY2023$188K
FY2024−$15K
FY2025−$26K

From the FY2020 Form 990 (year ending April 2020) · 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 Nov 1980.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $689K Management & general 3% · $22K Fundraising 8% · $63K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Stephen Shell
Vice Chairma
$0Pt VII · Sec A
M Lee McGraw
Secterary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Van Lupo
Director
$0Pt VII · Sec A
See Punta Gorda Symphony INC 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 15aYes

Programs and updates

Presents symphonic music to enrich the community's cultural growth.

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Provided by the organization

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1 program · $689K · in their own filed words · FY2019
01

To provide a quality regional orchestra serving the community with symphonic music, a valuable part of cultural growth

$689Kprogram 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
Charlotte Community Foundation INCFY2024$12K
Total grants receivedfrom 1 funder$12K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$773K
Ln 12
Gifts and grantsLn 1h$461K
Fees for servicesLn 2g$290K
Other incomeLn 4–11$20K
Money outPt IX
$774K
Ln 25
Programscol B$689K
Managementcol C$22K
Fundraisingcol D$63K
Owns and owesPt X
$222K
net assets · Ln 32
Cash and savingsLn 1–2$355K
Total assetsLn 16$394K
LiabilitiesLn 26$172K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$461K
Fees for servicesLn 2g$290K
Investment incomeLn 3$2K
Other incomeLn 4–11$20K
Total revenueLn 12$773K
Assets in detailPt X, end of year
CashLn 1$154
SavingsLn 2$354K
Cash and savings togetherLn 1–2$355K
Land, buildings, equipmentLn 10c$11K
Total assetsLn 16$394K
LiabilitiesLn 26$172K
Net assetsLn 32$222K
OperationsPt I, VI
EmployeesI 56
VolunteersI 637
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$395K$355K
Land, buildings, equipmentLn 10c$2K$11K
Total assetsLn 16$416K$394K
LiabilitiesLn 26$193K$172K
Net assetsLn 32$223K$222K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$204K$141K$14K$49K
Other employee benefitsLn 9$7K$5K$505$2K
Payroll taxesLn 10$16K$11K$1K$4K
Advertising and promotionLn 12$50K$50K
Office expensesLn 13$55K$52K$2K$491
Information technologyLn 14$15K$14K$742$149
OccupancyLn 16$22K$15K$2K$6K
TravelLn 17$10K$7K$782$2K
Depreciation, depletion and amortizationLn 22$3K$3K
Other expenses (24a–d)Ln 24$392K$392K
Total functional expensesLn 25$774K$689K$22K$63K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3K$14K−$11K−$26K 990 PDF
FY2024 $293K$497K−$204K−$15K 990 PDF
FY2023 $584K$826K−$242K$188K 990 PDF
FY2022 $882K$800K$82K$430K 990 PDF
FY2021 $589K$463K$126K$347K 990 PDF
FY2020 Viewing $773K$774K−$766$222K 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 O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $773,003 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $294,411$461,077
I-9 Program service revenuePrior year $271,215$289,630
I-10 Investment incomePrior year $1,313$1,918
I-11 Other revenuePrior year $18,899$20,378
I-12 Total revenuePrior year $585,838$773,003
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $204,836$227,235
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $431,365$546,534
I-18 Total expensesPrior year $636,201$773,769
I-19 Revenue less expensesPrior year −$50,363−$766
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $773,003 across 6 lines filed
VIII-1f All other contributions, gifts and grants$461,077
VIII-1h Total contributions, gifts and grants$461,077
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $289,630$289,630
VIII-3 Investment incomeExcluded from tax $1,918$1,918
VIII-8 Net income from fundraising events$20,378
VIII-12 Total revenueRelated to mission $289,630 · Excluded from tax $1,918$773,003
Part IX · Statement of functional expenses $773,769 across 10 lines filed
IX-7 Other salaries and wagesPrograms $140,504 · Management $14,254 · Fundraising $48,871$203,629
IX-9 Other employee benefitsPrograms $4,981 · Management $505 · Fundraising $1,733$7,219
IX-10 Payroll taxesPrograms $11,307 · Management $1,147 · Fundraising $3,933$16,387
IX-12 Advertising and promotionPrograms $49,772$49,772
IX-13 Office expensesPrograms $51,862 · Management $2,456 · Fundraising $491$54,809
IX-14 Information technologyPrograms $13,953 · Management $742 · Fundraising $149$14,844
IX-16 OccupancyPrograms $14,821 · Management $1,769 · Fundraising $5,530$22,120
IX-17 TravelPrograms $6,545 · Management $782 · Fundraising $2,443$9,770
IX-22 Depreciation, depletion and amortizationPrograms $3,087$3,087
IX-24 Other expenses (24a–d)Programs $392,132$392,132
IX-25 Total functional expensesPrograms $688,964 · Management $21,655 · Fundraising $63,150$773,769
Part X · Balance sheet $394,124 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $200$154
X-2 Savings and temporary cash investmentsStart of year $395,049$354,376
X-4 Accounts receivableStart of year $10,418$19,489
X-9 Prepaid expenses and deferred chargesStart of year $3,367$8,735
X-10c Land, buildings and equipment, netStart of year $2,255$11,294
X-14 Intangible assetsStart of year $4,238$76
X-16 Total assetsStart of year $415,527$394,124
X-17 Accounts payable and accrued expensesStart of year $15,410$8,967
X-19 Deferred revenueStart of year $177,565$163,371
X-26 Total liabilitiesStart of year $192,975$172,338
X-27 Net assets without donor restrictionsStart of year $220,377$219,611
X-28 Net assets with donor restrictionsStart of year $2,175$2,175
X-32 Total net assets or fund balancesStart of year $222,552$221,786
X-33 Total liabilities and net assetsStart of year $415,527$394,124
Part XI · Reconciliation of net assets $221,786 net assets at year end
XI-1 Total revenue$773,003
XI-2 Total expenses$773,769
XI-3 Revenue less expenses−$766
XI-4 Net assets at start of year$222,552
XI-10 Net assets at end of year$221,786

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

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