Jackson Symphony Association: Nonprofit Profile, Financials & Form 990 (EIN 62-0759052)

Revenue by fiscal year
FY2020	$884K
FY2021	$996K
FY2023	$1.5M
FY2024	$1.3M
FY2025	$1.7M

Expenses by fiscal year
FY2020	$797K
FY2021	$792K
FY2023	$1.2M
FY2024	$1.3M
FY2025	$1.6M

Net assets by fiscal year
FY2020	$126K
FY2021	$331K
FY2023	$805K
FY2024	$862K
FY2025	$943K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1969.

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

Where the money goes

78 cents of each dollar spent went to programs.

78%

14%

Program services 78% · $1.3M Management & general 14% · $226K Fundraising 8% · $135K

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

35 people listed on the 990; $113K 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

Sherry Freeman

Executive Director

$112,600Pt VII · Sec A

Nancy McMahon

Director

$0Pt VII · Sec A

Greg Alexander

President

$0Pt VII · Sec A

Nancy Choate

Director

$0Pt VII · Sec A

Carolyn Cunningham

Director

$0Pt VII · Sec A

Sandra Dee

Director

$0Pt VII · Sec A

Mike Farris

Finance Chair

$0Pt VII · Sec A

Anita Hamilton

Director

$0Pt VII · Sec A

Sherry Freeman’s $113K as Executive Director is at the 42nd 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 · 1 named individual · Part VII

Name	FY2025	FY2024	FY2023	FY2021	FY2020
Sherry Freeman	$112,600	$103,900	$95,570	$82,580	$73,524

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

Enriches and inspires audiences with live orchestral music performances.

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Provided by the organization

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3 programs · $1.3M · in their own filed words · FY2024

01

Symphony Concerts for the benefit of all citizens in Jackson and Madison County

$1.1Mprogram expense

02

Education opportunities for youth and adults of community

$165Kprogram expense

03

Integrative medicine programming that provides live music for the health benefit of patients receiving treatments in the cancer center and confined to the hospital.

$18Kprogram expense

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 · FY2024

Jackson Symphony League INCFY2024$140K

West Tennessee Healthcare FoundationFY2024$125K

James E Campbell Family Foundation 26-3889180FY2024$35K

Fidelity Investments Charitable Gift FundFY2024$27K

H&m FoundationFY2024$24K

Total grants receivedfrom 5 funders$351K

See all 5 funders →

Grants paid · 1 grant · $5K · 2024–2024

Unitemized GrantFY2024$5,399

By the numbers

The FY2025 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$1.7M

Ln 12

Gifts and grantsLn 1h$970K

Fees for servicesLn 2g$653K

Investment incomeLn 3$42K

Money outPt IX

$1.6M

Ln 25

Programscol B$1.3M

Managementcol C$226K

Fundraisingcol D$135K

Owns and owesPt X

$943K

net assets · Ln 32

Cash and savingsLn 1–2$563K

Total assetsLn 16$1.7M

LiabilitiesLn 26$784K

PeoplePt VI, VII

35

listed · VII A

PaidVII A1

Voting boardVI 1a30

IndependentVI 1b34

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$970K

Government grantsLn 1e$197K

Fundraising eventsLn 1c$56K

Fees for servicesLn 2g$653K

Investment incomeLn 3$42K

Other incomeLn 4–11$19K

Gains on assetsLn 7−$1K

Total revenueLn 12$1.7M

Assets in detailPt X, end of year

CashLn 1$338K

SavingsLn 2$225K

Cash and savings togetherLn 1–2$563K

InvestmentsLn 11–13$534K

Land, buildings, equipmentLn 10c$17K

Other assetsLn 15$604K

Total assetsLn 16$1.7M

LiabilitiesLn 26$784K

Net assetsLn 32$943K

OperationsPt I, VI

EmployeesI 57

VolunteersI 6115

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$474K	$563K
InvestmentsLn 11–13	$436K	$534K
Land, buildings, equipmentLn 10c	$23K	$17K
Total assetsLn 16	$941K	$1.7M
LiabilitiesLn 26	$78K	$784K
Net assetsLn 32	$862K	$943K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$5K	$5K
Pay of current officers, directors and key staffLn 5	$114K	$81K	$8K	$25K
Other salaries and wagesLn 7	$451K	$321K	$33K	$98K
Other employee benefitsLn 9	$8K	$5K	$805	$2K
Payroll taxesLn 10	$53K	$39K	$3K	$10K
Accounting feesLn 11c	$30K		$30K
Other fees for servicesLn 11g	$365K	$358K	$7K
Advertising and promotionLn 12	$52K	$52K
Office expensesLn 13	$28K	$17K	$11K
OccupancyLn 16	$103K	$87K	$16K
TravelLn 17	$59K	$53K	$7K
Conferences, conventions and meetingsLn 19	$5K		$5K
InterestLn 20	$12K		$12K
Depreciation, depletion and amortizationLn 22	$6K		$6K
InsuranceLn 23	$25K		$25K
Other expenses (24a–d)Ln 24	$212K	$212K	$90
All other expensesLn 24e	$97K	$35K	$62K
Total functional expensesLn 25	$1.6M	$1.3M	$226K	$135K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$1.7M	$1.6M	$58K	$943K	990 PDF
FY2024	$1.3M	$1.3M	$15K	$862K	990 PDF
FY2023	$1.5M	$1.2M	$326K	$805K	990 PDF
FY2022	Not on file
FY2021	$996K	$792K	$204K	$331K	990 PDF
FY2020	$884K	$797K	$87K	$126K	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 FY2025 990 (6 parts)

Part I · Summary $1,684,489 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $704,963$970,445

I-9 Program service revenuePrior year $531,317$653,079

I-10 Investment incomePrior year $36,097$41,721

I-11 Other revenuePrior year $3,810$19,244

I-12 Total revenuePrior year $1,276,187$1,684,489

I-13 Grants and similar amounts paidPrior year $700$5,399

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $491,193$626,223

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $769,372$995,311

I-18 Total expensesPrior year $1,261,265$1,626,933

I-19 Revenue less expensesPrior year $14,922$57,556

Part VI · Governance 34 of 30 board members independent, 3 to look at

VI-1a Voting members of the governing body30

VI-1b Independent voting members34

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $1,684,489 across 9 lines filed

VIII-1c Fundraising events$55,500

VIII-1e Government grants$196,700

VIII-1f All other contributions, gifts and grants$718,245

VIII-1h Total contributions, gifts and grants$970,445

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $653,079$653,079

VIII-3 Investment incomeExcluded from tax $42,832$42,832

VIII-7 Net gain or loss on sales of assetsRelated to mission −$1,111−$1,111

VIII-8 Net income from fundraising eventsExcluded from tax $19,244$19,244

VIII-12 Total revenueRelated to mission $651,968 · Unrelated business $0 · Excluded from tax $62,076$1,684,489

Part IX · Statement of functional expenses $1,626,933 across 17 lines filed

IX-2 Grants to domestic individualsPrograms $5,399$5,399

IX-5 Pay of current officers, directors and key staffPrograms $81,249 · Management $8,225 · Fundraising $24,676$114,150

IX-7 Other salaries and wagesPrograms $321,037 · Management $32,501 · Fundraising $97,501$451,039

IX-9 Other employee benefitsPrograms $4,830 · Management $805 · Fundraising $2,415$8,050

IX-10 Payroll taxesPrograms $39,145 · Management $3,460 · Fundraising $10,379$52,984

IX-11c Accounting feesManagement $30,280$30,280

IX-11g Other fees for servicesPrograms $358,354 · Management $6,770$365,124

IX-12 Advertising and promotionPrograms $52,485$52,485

IX-13 Office expensesPrograms $17,308 · Management $10,504$27,812

IX-16 OccupancyPrograms $86,552 · Management $16,408$102,960

IX-17 TravelPrograms $52,824 · Management $6,503$59,327

IX-19 Conferences, conventions and meetingsManagement $4,663$4,663

IX-20 InterestManagement $12,308$12,308

IX-22 Depreciation, depletion and amortizationManagement $6,488$6,488

IX-23 InsuranceManagement $24,752$24,752

IX-24 Other expenses (24a–d)Programs $211,983 · Management $90$212,073

IX-24e All other expensesPrograms $35,200 · Management $61,839$97,039

IX-25 Total functional expensesPrograms $1,266,366 · Management $225,596 · Fundraising $134,971$1,626,933

Part X · Balance sheet $1,726,457 assets, 15 lines filed

X-1 Cash, non-interest-bearingStart of year $216,295$338,054

X-2 Savings and temporary cash investmentsStart of year $257,336$225,153

X-9 Prepaid expenses and deferred chargesStart of year $7,499$8,401

X-10c Land, buildings and equipment, netStart of year $23,426$17,178

X-11 Publicly traded securitiesStart of year $436,033$533,901

X-15 Other assetsStart of year $0$603,770

X-16 Total assetsStart of year $940,589$1,726,457

X-17 Accounts payable and accrued expensesStart of year $20,338$33,665

X-19 Deferred revenueStart of year $57,765$146,296

X-25 Other liabilitiesStart of year $0$603,770

X-26 Total liabilitiesStart of year $78,103$783,731

X-27 Net assets without donor restrictionsStart of year $365,813$345,301

X-28 Net assets with donor restrictionsStart of year $496,673$597,425

X-32 Total net assets or fund balancesStart of year $862,486$942,726

X-33 Total liabilities and net assetsStart of year $940,589$1,726,457

Part XI · Reconciliation of net assets $942,726 net assets at year end

XI-1 Total revenue$1,684,489

XI-2 Total expenses$1,626,933

XI-3 Revenue less expenses$57,556

XI-4 Net assets at start of year$862,486

XI-5 Net unrealized gains (losses) on investments$22,684

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$942,726

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

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Jackson Symphony Association

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Compensation history total reportable pay by year · 1 named individual · Part VII

Questions the 990 asks

Programs and updates

Questions for Jackson Symphony Association

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV