Shoals Symphony Orchestra: FY2024 Nonprofit Profile & Form 990 (EIN 63-0911322)

Revenue by fiscal year
FY2021	$256K
FY2022	$387K
FY2023	$475K
FY2024	$320K
FY2025	$346K

Expenses by fiscal year
FY2021	$276K
FY2022	$309K
FY2023	$507K
FY2024	$383K
FY2025	$396K

Net assets by fiscal year
FY2021	$172K
FY2022	$229K
FY2023	$217K
FY2024	$142K
FY2025	$93K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1987.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $383K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Brad Clasgens

Vice Preside

$0Pt VII · Sec A

Ashley Finklestein

Treasurer

$0Pt VII · Sec A

Paige Smith

Secretary

$0Pt VII · Sec A

Cain Yarbrough

President

$0Pt VII · Sec A

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

Name	FY2022	FY2021
Whitney O'Neal	$330	$255

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 Shoals Symphony Orchestra executive salaries →

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

Enriches local culture with musical performances and educational programs.

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1 program · $383K · in their own filed words · FY2023

01

Various concerts held for the enjoyment of the community.

$383Kprogram 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

The Joel R Anderson Family FoundationFY2024$55K

The Daniel Foundation of AlabamaFY2024$15K

Total grants receivedfrom 2 funders$70K

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$320K

Ln 12

Fees for servicesLn 2g$168K

Gifts and grantsLn 1h$151K

Investment incomeLn 3$845

Money outPt IX

$383K

Ln 25

Programscol B$383K

Owns and owesPt X

$142K

net assets · Ln 32

Cash and savingsLn 1–2$163K

Total assetsLn 16$163K

LiabilitiesLn 26$21K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a14

IndependentVI 1b14

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$151K

Government grantsLn 1e$22K

Fees for servicesLn 2g$168K

Investment incomeLn 3$845

Total revenueLn 12$320K

Assets in detailPt X, end of year

CashLn 1$7K

SavingsLn 2$156K

Cash and savings togetherLn 1–2$163K

Total assetsLn 16$163K

LiabilitiesLn 26$21K

Net assetsLn 32$142K

OperationsPt I, VI

EmployeesI 53

VolunteersI 630

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 FY24	End FY24
Cash and savingsLn 1–2	$113K	$163K
Total assetsLn 16	$240K	$163K
LiabilitiesLn 26	$23K	$21K
Net assetsLn 32	$217K	$142K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$97K	$97K
Other employee benefitsLn 9	$6K	$6K
Payroll taxesLn 10	$8K	$8K
Accounting feesLn 11c	$3K	$3K
Advertising and promotionLn 12	$4K	$4K
Office expensesLn 13	$3K	$3K
OccupancyLn 16	$13K	$13K
Conferences, conventions and meetingsLn 19	$2K	$2K
InterestLn 20	$506	$506
InsuranceLn 23	$2K	$2K
Other expenses (24a–d)Ln 24	$194K	$194K
All other expensesLn 24e	$50K	$50K
Total functional expensesLn 25	$383K	$383K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Jan 13, 2026	$346K	$396K	−$50K	$93K	990 PDF
FY2024 ViewingFiled with the IRS Jan 14, 2026	$320K	$383K	−$63K	$142K	990 PDF
FY2023Filed with the IRS Sep 11, 2024	$475K	$507K	−$32K	$217K	990 PDF
FY2022Filed with the IRS Dec 12, 2022	$387K	$309K	$78K	$229K	990 PDF
FY2021Filed with the IRS May 2, 2022	$256K	$276K	−$20K	$172K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $319,854 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $186,461$151,056

I-9 Program service revenuePrior year $287,609$167,953

I-10 Investment incomePrior year $1,185$845

I-11 Other revenue$0

I-12 Total revenuePrior year $475,255$319,854

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $86,297$111,488

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $420,551$271,737

I-18 Total expensesPrior year $506,848$383,225

I-19 Revenue less expensesPrior year −$31,593−$63,371

Part VI · Governance 14 of 14 board members independent, 4 to look at

VI-1a Voting members of the governing body14

VI-1b Independent voting members14

VI-12a Written conflict of interest policyNo

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

Part VIII · Statement of revenue $319,854 across 6 lines filed

VIII-1e Government grants$22,348

VIII-1f All other contributions, gifts and grants$128,708

VIII-1h Total contributions, gifts and grants$151,056

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $167,953$167,953

VIII-3 Investment incomeExcluded from tax $845$845

VIII-12 Total revenueRelated to mission $167,953 · Excluded from tax $845$319,854

Part IX · Statement of functional expenses $383,225 across 12 lines filed

IX-7 Other salaries and wagesPrograms $96,700$96,700

IX-9 Other employee benefitsPrograms $6,483$6,483

IX-10 Payroll taxesPrograms $8,305$8,305

IX-11c Accounting feesPrograms $3,280$3,280

IX-12 Advertising and promotionPrograms $3,569$3,569

IX-13 Office expensesPrograms $3,488$3,488

IX-16 OccupancyPrograms $12,819$12,819

IX-19 Conferences, conventions and meetingsPrograms $2,014$2,014

IX-20 InterestPrograms $506$506

IX-23 InsurancePrograms $1,829$1,829

IX-24 Other expenses (24a–d)Programs $194,093$194,093

IX-24e All other expensesPrograms $50,139$50,139

IX-25 Total functional expensesPrograms $383,225 · Management $0 · Fundraising $0$383,225

Part X · Balance sheet $163,223 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $73,403$7,381

X-2 Savings and temporary cash investmentsStart of year $39,927$155,842

X-16 Total assetsStart of year $240,225$163,223

X-24 Unsecured notes and loans payableStart of year $18,863$17,317

X-25 Other liabilitiesStart of year $3,999$3,739

X-26 Total liabilitiesStart of year $22,862$21,056

X-27 Net assets without donor restrictionsStart of year $217,363$142,167

X-32 Total net assets or fund balancesStart of year $217,363$142,167

X-33 Total liabilities and net assetsStart of year $240,225$163,223

Part XI · Reconciliation of net assets $142,167 net assets at year end

XI-1 Total revenue$319,854

XI-2 Total expenses$383,225

XI-3 Revenue less expenses−$63,371

XI-4 Net assets at start of year$217,363

XI-9 Other changes in net assets−$11,825

XI-10 Net assets at end of year$142,167

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

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Shoals Symphony Orchestra FY2024 filing

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 Shoals Symphony Orchestra

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV