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Alabama Symphony Endowment FY2021 filing

Tax-deductible

Birmingham, AL501(c)(3)Since 1987Foundations & GrantmakersEIN 63-0965459

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To provide funding and support for the Alabama symphonic association, INC.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
5 of 5
filings with a surplus
Average surplus $1.2M a year · 55% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1.0M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3K
0.02% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
-58% vs prior year
Spent
$1.2M
To programs
94%
Net assets
$18.6M
By yearFY2020–FY2024
Revenue
$1.4M
FY2021▼ -58%
Revenue by fiscal year
FY2020$3.3M
FY2021$1.4M
FY2022$1.1M
FY2023$1.9M
FY2024$2.8M
FY2024$2.2M
Expenses
$1.2M
FY2021▲ +89%
Expenses by fiscal year
FY2020$641K
FY2021$1.2M
FY2022$774K
FY2023$878K
FY2024$1.3M
FY2024$2.2M
Net assets
$18.6M
FY2021▲ +10%
Net assets by fiscal year
FY2020$16.9M
FY2021$18.6M
FY2022$16.7M
FY2023$18.7M
FY2024$22.3M
FY2024$24.5M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1996.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $1.1M Management & general 6% · $77K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Dell S Brooke
Secretary
$0Pt VII · Sec A
F Dixon Brooke JR
Vice Chairman
$0Pt VII · Sec A
Phil Carroll
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Alabama Symphony Endowment 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds and supports the Alabama Symphonic Association.

Provided by the organization

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1 program · $1.1M · in their own filed words · FY2020
01

Distributed income to help fund concert operations of the alabama symphonic association, inc.

$1.1Mprogram 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 · FY2023
Natl Christian Charitable Fdn INCFY2023$1.0M
Total grants receivedfrom 1 funder$1.0M
Grants paid · 7 grants · $7.0M · 2019–2024
Alabama Symphonic Association INCAL · FY2024$2,045,807
Alabama Symphonic Association INCAL · FY2023$1,124,988
Alabama Symphonic Association INCAL · FY2022$783,284
Alabama Symphonic Association INCAL · FY2021$686,779
Alabama Symphonic Association INCAL · FY2021$686,779
Alabama Symphonic Association INCAL · FY2020$1,137,000
Alabama Symphonic Association INCAL · FY2019$571,000

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.4M
Ln 12
Investment incomeLn 3$897K
Gifts and grantsLn 1h$508K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.1M
Managementcol C$77K
Owns and owesPt X
$18.6M
net assets · Ln 32
Cash and savingsLn 1–2$388K
Total assetsLn 16$18.6M
LiabilitiesLn 26$3K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$508K
Investment incomeLn 3$897K
Gains on assetsLn 7$774K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$162K
SavingsLn 2$225K
Cash and savings togetherLn 1–2$388K
InvestmentsLn 11–13$15.2M
Land, buildings, equipmentLn 10c$128K
Total assetsLn 16$18.6M
LiabilitiesLn 26$3K
Net assetsLn 32$18.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$448K$388K
InvestmentsLn 11–13$11.7M$15.2M
Land, buildings, equipmentLn 10c$142K$128K
Total assetsLn 16$16.9M$18.6M
LiabilitiesLn 26$0$3K
Net assetsLn 32$16.9M$18.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.1M$1.1M
Investment management feesLn 11f$73K$0$73K$0
InsuranceLn 23$4K$0$4K$0
Total functional expensesLn 25$1.2M$1.1M$77K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.8M$1.3M$1.6M$22.3M 990 PDF
FY2023 $1.9M$878K$1.0M$18.7M 990 PDF
FY2022 $1.1M$774K$349K$16.7M 990 PDF
FY2021 Viewing $1.4M$1.2M$189K$18.6M 990 PDF
FY2020 $3.3M$641K$2.7M$16.9M 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $1,402,512 across 6 lines filed
VIII-1f All other contributions, gifts and grants$507,525
VIII-1h Total contributions, gifts and grants$507,525
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $122,376$122,376
VIII-6 Net rental income or lossExcluded from tax −$1,825−$1,825
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $774,436$774,436
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $894,987$1,402,512
Part IX · Statement of functional expenses $1,213,999 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $1,137,000$1,137,000
IX-11f Investment management feesPrograms $0 · Management $72,758 · Fundraising $0$72,758
IX-23 InsurancePrograms $0 · Management $4,241 · Fundraising $0$4,241
IX-25 Total functional expensesPrograms $1,137,000 · Management $76,999 · Fundraising $0$1,213,999
Part X · Balance sheet $18,611,694 assets, 11 lines filed
Asset lines not itemized here account for $36,714; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $116,991$162,148
X-2 Savings and temporary cash investmentsStart of year $331,299$225,438
X-3 Pledges and grants receivableStart of year $4,559,878$2,868,851
X-10c Land, buildings and equipment, netStart of year $141,675$127,850
X-11 Publicly traded securitiesStart of year $11,709,140$15,190,693
X-16 Total assetsStart of year $16,921,538$18,611,694
X-17 Accounts payable and accrued expensesStart of year $0$3,482
X-26 Total liabilitiesStart of year $0$3,482
X-28 Net assets with donor restrictionsStart of year $16,921,538$18,608,212
X-32 Total net assets or fund balancesStart of year $16,921,538$18,608,212
X-33 Total liabilities and net assetsStart of year $16,921,538$18,611,694
Part XI · Reconciliation of net assets $18,608,212 net assets at year end
XI-1 Total revenue$1,402,512
XI-2 Total expenses$1,213,999
XI-3 Revenue less expenses$188,513
XI-4 Net assets at start of year$16,921,538
XI-10 Net assets at end of year$18,608,212

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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