Jackson Symphony Association FY2020 filing

Public charity (501(c)(3)) Jackson, TN EIN 62-0759052 NTEE A69Z
Revenue
$884K
FY2020 · Pt VIII · Ln 12
Expenses
$797K
FY2020 · Pt IX · Ln 25
Net assets
$126K
FY2020 · Pt X · Ln 32
To programs
64%
FY2020 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2025
Revenue
$884K
FY2020
Expenses
$797K
FY2020

Enriches and inspires audiences with live orchestral music performances.

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Tax-deductible?
Yes
Per the IRS master file.
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Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
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Filing up to date?
Filed FY2024 (typical filing lag)
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Foundation funders?
5 funders, incl. Jackson Symphony League INC
$351K in the latest grant year.
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Spent on programs?
64% to programs
Form 990 Part IX, latest filing.
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Size and trend
$1–10M
Details →

Form 990 for the fiscal year ending June 2020 (IRS tax year 2019).


Enriches and inspires audiences with live orchestral music performances.

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Jackson, TN
Website
www.thejacksonsymphony.org
Filings
5 on file (2020–2020)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 9/14/26 · see original: IRS
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Where the money goes · FY2020
Where spending went · Part IX cols B–D
Program services $0.64 Management & general $0.28 Fundraising $0.08
Program efficiency
64%
of spending reaches programs
Operating runway
3.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+10%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$256K
FY2020
Total liabilities
$130K
FY2020
Revenue less expensesPt I · Ln 19$87K
Total assetsPt X · Ln 16$256K
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 332
Independent voting membersPt I · Ln 432

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CJackson Symphony Association
EINHdr · item D62-0759052
Principal addressHdr · item CJackson, TN
WebsiteHdr · item Jwww.thejacksonsymphony.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A69Z)
Ruling yearIRS BMFFeb 1969

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a32
Independent voting membersPt VI · Ln 1b32
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Di
$73,524Pt VII · Sec A
$0Pt VII · Sec A
President El
$0Pt VII · Sec A
Immed Past P
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Finance Chai
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2021FY2020
Sherry Freeman$112,600————
Sherry Freeman—$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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Mission & Programs · Part III

Where the work happens

3 program services account for $507K of program spending, described in the organization's own filed words · FY2019.
01

Symphony concerts for the benefit of all citizens in jackson and madison county

$466Kprogram expense
02

Education opportunities for youth and adults of community

$27Kprogram 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.

$14Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$542K · 61%
Program service revenue$341K · 39%
Contributions & grants61%$542K
Program service revenue39%$341K
— government grantsLn 1e$85K
Total revenueLn 12$884K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.28 Fundraising $0.08
Program services64%$507K
Management & general28%$225K
Fundraising8%$65K
Total functional expensesLn 25$797K

Balance Sheet

Part X · end of year
CashLn 1$236K
Total assetsLn 16$256K
Total liabilitiesLn 26$130K
Total net assetsLn 32$126K
Months of cash on handcomputed3.5

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $236K · Operating expenses (Pt IX) $797K · Less non-cash grants $39K · Cash operating expenses/yr $758K
3.7 months
Where the money goes
Program services
Program services $507K · Total expenses $797K
64%
Management & General
Management & general $225K · Total expenses $797K
28%
Fundraising
Fundraising $65K · Total expenses $797K
8%
Cost to raise $1
Fundraising expense $65K · Solicited contributions $457K
$0.14 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $542K · Total revenue $884K
61%
Government reliance
Government grants $85K · Total revenue $884K
10%
Earned-income share
Program service revenue $341K · Total revenue $884K
39%
Investment reliance
Investment income $0 · Total revenue $884K
0%
Program self-sufficiency
Program service revenue $341K · Total expenses $797K
43%
Growth & trend
Revenue growth (YoY)
This year $884K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $126K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $884K · Expenses $797K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $256K
—
Net-asset ratio
Net assets $126K · Total assets $256K
49%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $256K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Sherry Freeman · Reported title EXECUTIVE DI · Highest reported compensation $74K · Total expenses $797K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $347K · Total expenses $797K
44%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 64%——
Overhead ratio 28%——
Fundraising cost ratio 12%——
Accounting fee ratio 3%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 1 grant · $5K · 2024–2024
Unitemized GrantFY2024$5,399

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.7M revenue · ⤓ 990 PDF
FY2024$1.3M revenue · ⤓ 990 PDF
FY2023$1.5M revenue · ⤓ 990 PDF
FY2022not on file
FY2021$996K revenue · ⤓ 990 PDF
FY2020$884K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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