Montgomery Symphony Association

Tax-deductible

Montgomery, AL501(c)(3)Since 1980Arts & CultureEIN 63-0796873Revenue $975K in FY2024

On file with the IRSmontgomerysymphony.orgPo Box 1864, 36102-1864 · Montgomery, ALTax-exempt since Jan 1981Publicly supported charity — 170(b)(1)(A)(vi)

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The Montgomery Symphony Association is a nonprofit organization which supports the Montgomery Symphony orchestra. The orchestra performs concerts throughout the area in and around Montgomery, alabama. The Association is also dedicated to the education of young musicians of central alabama.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 110 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $81K a year · 10% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$66K
to officers and key staff · 6% of spending
Top officer’s pay higher than 61% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $11K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$17K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
65
of 65 voting members
Looks good: 65 of 65 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$975K
+30% vs prior year
Spent
$1.0M
To programs
89%
Net assets
$6.8M
By yearFY2020–FY2024
Revenue
$975K
FY2024▲ +30%
Tap a bar for its year
Revenue by fiscal year
FY2020$740K
FY2021$880K
FY2022$804K
FY2023$754K
FY2024$750K
FY2024$975K
Expenses
$1.0M
FY2024▲ +36%
Tap a bar for its year
Expenses by fiscal year
FY2020$721K
FY2021$539K
FY2022$677K
FY2023$835K
FY2024$750K
FY2024$1.0M
Net assets
$6.8M
FY2024▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.3M
FY2021$5.1M
FY2022$4.7M
FY2023$5.0M
FY2024$5.9M
FY2024$6.8M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1981.

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% · $909K Management & general 11% · $113K

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

67 people listed on the 990; $66K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$66,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Bryan Reeves’s $66K as Executive Di is at the 61st percentile of top reported officer pay among 2216 $100K–1M 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

NameFY2024FY2024FY2023
Bryan Reeves$66,000$66,000$61,500

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 Montgomery Symphony 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports a symphony orchestra and educates young musicians in central Alabama.

Provided by the organization

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1 program · $909K · in their own filed words · FY2024
01

The symphony provides several concerts during the year featuring various musicians as well as a local symphony in montgomery. The concerts are open to the public for a charge. Additionally, the symphony promotes the musicianship of youth in the community by providing music scholarships, lessons, and the opportunity to play with a youth…

$909Kprogram 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
Total grants receivedfrom 2 funders$11K
Grants paid · 1 grant · $10K · 2023–2023
Unitemized GrantFY2023$9,515

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$975K
Ln 12
Fees for servicesLn 2g$377K
Gifts and grantsLn 1h$356K
Investment incomeLn 3$236K
Money outPt IX
$1.0M
Ln 25
Programscol B$909K
Managementcol C$113K
Owns and owesPt X
$6.8M
net assets · Ln 32
Cash and savingsLn 1–2$255K
Total assetsLn 16$6.8M
LiabilitiesLn 26$17K
PeoplePt VI, VII
67
listed · VII A
PaidVII A1
Voting boardVI 1a65
IndependentVI 1b65
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$356K
Government grantsLn 1e$68K
Fees for servicesLn 2g$377K
Investment incomeLn 3$236K
Other incomeLn 4–11$5K
Gains on assetsLn 7$121K
Total revenueLn 12$975K
Assets in detailPt X, end of year
CashLn 1$73K
SavingsLn 2$182K
Cash and savings togetherLn 1–2$255K
InvestmentsLn 11–13$6.6M
Other assetsLn 15$15K
Total assetsLn 16$6.8M
LiabilitiesLn 26$17K
Net assetsLn 32$6.8M
OperationsPt I, VI
EmployeesI 55
VolunteersI 6110
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$512K$255K
InvestmentsLn 11–13$5.4M$6.6M
Total assetsLn 16$5.9M$6.8M
LiabilitiesLn 26$2K$17K
Net assetsLn 32$5.9M$6.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$3K$3K
Other salaries and wagesLn 7$211K$211K
Pension plan contributionsLn 8$15K$15K
Other employee benefitsLn 9$20K$20K
Payroll taxesLn 10$17K$17K
Accounting feesLn 11c$21K$21K
Other fees for servicesLn 11g$92K$92K
Advertising and promotionLn 12$19K$19K
Office expensesLn 13$133K$52K$80K
OccupancyLn 16$38K$38K
Other expenses (24a–d)Ln 24$329K$329K
All other expensesLn 24e$123K$111K$12K
Total functional expensesLn 25$1.0M$909K$113K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $750K$750K$166$5.9M 990 PDF
FY2023 $754K$835K−$82K$5.0M 990 PDF
FY2022 $804K$677K$127K$4.7M 990 PDF
FY2021 $880K$539K$341K$5.1M 990 PDF
FY2020 $740K$721K$19K$4.3M 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 FY2024 990 (6 parts)
Part I · Summary $974,653 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $402,091$356,126
I-9 Program service revenuePrior year $158,143$376,633
I-10 Investment incomePrior year $186,347$236,439
I-11 Other revenuePrior year $3,710$5,455
I-12 Total revenuePrior year $750,291$974,653
I-13 Grants and similar amounts paidPrior year $9,515$3,350
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $235,960$262,845
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $504,650$755,608
I-18 Total expensesPrior year $750,125$1,021,803
I-19 Revenue less expensesPrior year $166−$47,150
Part VI · Governance 65 of 65 board members independent, 3 to look at
VI-1a Voting members of the governing body65
VI-1b Independent voting members65
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $974,653 across 10 lines filed
VIII-1b Membership dues$3,050
VIII-1e Government grants$67,875
VIII-1f All other contributions, gifts and grants$285,201
VIII-1h Total contributions, gifts and grants$356,126
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $376,633$376,633
VIII-3 Investment incomeExcluded from tax $114,963$114,963
VIII-7 Net gain or loss on sales of assetsRelated to mission $121,476$121,476
VIII-8 Net income from fundraising events−$705
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,160$6,160
VIII-12 Total revenueRelated to mission $504,269 · Excluded from tax $114,963$974,653
Part IX · Statement of functional expenses $1,021,803 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $3,350$3,350
IX-7 Other salaries and wagesPrograms $211,107$211,107
IX-8 Pension plan contributionsPrograms $15,000$15,000
IX-9 Other employee benefitsPrograms $20,163$20,163
IX-10 Payroll taxesPrograms $16,575$16,575
IX-11c Accounting feesManagement $20,985$20,985
IX-11g Other fees for servicesPrograms $92,224$92,224
IX-12 Advertising and promotionPrograms $19,422$19,422
IX-13 Office expensesPrograms $52,211 · Management $80,343$132,554
IX-16 OccupancyPrograms $38,362$38,362
IX-24 Other expenses (24a–d)Programs $329,247$329,247
IX-24e All other expensesPrograms $110,855 · Management $11,959$122,814
IX-25 Total functional expensesPrograms $908,516 · Management $113,287 · Fundraising $0$1,021,803
Part X · Balance sheet $6,827,589 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $165,359$72,702
X-2 Savings and temporary cash investmentsStart of year $346,990$182,052
X-11 Publicly traded securitiesStart of year $5,435,596$6,557,833
X-15 Other assets$15,002
X-16 Total assetsStart of year $5,948,060$6,827,589
X-25 Other liabilitiesStart of year $1,896$16,896
X-26 Total liabilitiesStart of year $1,896$16,896
X-27 Net assets without donor restrictionsStart of year $3,215,954$4,029,109
X-28 Net assets with donor restrictionsStart of year $2,730,210$2,781,584
X-32 Total net assets or fund balancesStart of year $5,946,164$6,810,693
X-33 Total liabilities and net assetsStart of year $5,948,060$6,827,589
Part XI · Reconciliation of net assets $6,810,693 net assets at year end
XI-1 Total revenue$974,653
XI-2 Total expenses$1,021,803
XI-3 Revenue less expenses−$47,150
XI-4 Net assets at start of year$5,946,164
XI-5 Net unrealized gains (losses) on investments$911,794
XI-9 Other changes in net assets−$115
XI-10 Net assets at end of year$6,810,693

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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