Atlantic Classical Orchestra INC FY2020 filing

Tax-deductible

Vero Beach, FL501(c)(3)Arts & CultureEIN 65-0307858Revenue $991K in FY2020

On file with the IRSaco-music.org2145 14th Ave Ste 20b, 32960-4414 · Vero Beach, FLTax-exempt since Jul 1993Publicly supported — 509(a)(2)

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Classical music performance, education, and presentation

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $47K a year · 5% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$169K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$991K
Spent
$983K
To programs
71%
Net assets
$1.6M
By yearFY2020–FY2025
Revenue
$991K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$991K
FY2021$860K
FY2022$576K
FY2023$1.0M
FY2024$1.2M
FY2025$1.2M
Expenses
$983K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$983K
FY2021$356K
FY2022$930K
FY2023$1.1M
FY2024$1.2M
FY2025$1.0M
Net assets
$1.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$2.1M
FY2022$1.8M
FY2023$1.7M
FY2024$1.8M
FY2025$1.9M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1993.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $702K Management & general 17% · $165K Fundraising 12% · $116K

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

19 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Allison Kaiser’s $44K as Exec Directo is at the 4th 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.

See Atlantic Classical Orchestra INC 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 15aYes

Programs and updates

Presents, teaches, and performs classical music for the public.

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Provided by the organization

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1 program · $702K · in their own filed words · FY2019
01

The orchestra performs concerts in three locations in three neighboring counties which increases the appreciation of classical music in these communities.

$702Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$991K
Ln 12
Gifts and grantsLn 1h$497K
Fees for servicesLn 2g$397K
Investment incomeLn 3$97K
Money outPt IX
$983K
Ln 25
Programscol B$702K
Managementcol C$165K
Fundraisingcol D$116K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$255K
Total assetsLn 16$1.8M
LiabilitiesLn 26$169K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$497K
Government grantsLn 1e$26K
Fees for servicesLn 2g$397K
Investment incomeLn 3$97K
Total revenueLn 12$991K
Assets in detailPt X, end of year
CashLn 1$229K
SavingsLn 2$26K
Cash and savings togetherLn 1–2$255K
InvestmentsLn 11–13$1.5M
Land, buildings, equipmentLn 10c$13K
Total assetsLn 16$1.8M
LiabilitiesLn 26$169K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 58
VolunteersI 6100
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 FY20End FY20
Cash and savingsLn 1–2$219K$255K
InvestmentsLn 11–13$1.6M$1.5M
Land, buildings, equipmentLn 10c$10K$13K
Total assetsLn 16$1.8M$1.8M
LiabilitiesLn 26$207K$169K
Net assetsLn 32$1.6M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$69K$27K$27K$14K
Other salaries and wagesLn 7$218K$108K$59K$52K
Payroll taxesLn 10$19K$8K$6K$5K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$404K$400K$4K
Advertising and promotionLn 12$54K$54K
Office expensesLn 13$10K$2K$9K
OccupancyLn 16$17K$17K
TravelLn 17$6K$6K
Depreciation, depletion and amortizationLn 22$3K$3K
Other expenses (24a–d)Ln 24$120K$60K$15K$45K
All other expensesLn 24e$53K$43K$9K
Total functional expensesLn 25$983K$702K$165K$116K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.2M$1.0M$157K$1.9M 990 PDF
FY2024 $1.2M$1.2M$30K$1.8M 990 PDF
FY2023 $1.0M$1.1M−$61K$1.7M 990 PDF
FY2022 $576K$930K−$354K$1.8M 990 PDF
FY2021 $860K$356K$503K$2.1M 990 PDF
FY2020 Viewing $991K$983K$8K$1.6M 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 FY2020 990 (6 parts)
Part I · Summary $991,336 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $433,234$496,983
I-9 Program service revenuePrior year $432,829$397,339
I-10 Investment incomePrior year $119,705$97,014
I-11 Other revenue$0
I-12 Total revenuePrior year $985,768$991,336
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $240,762$305,452
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $779,808$677,889
I-18 Total expensesPrior year $1,020,570$983,341
I-19 Revenue less expensesPrior year −$34,802$7,995
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $991,336 across 6 lines filed
VIII-1e Government grants$26,333
VIII-1f All other contributions, gifts and grants$470,650
VIII-1h Total contributions, gifts and grants$496,983
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $397,339$397,339
VIII-3 Investment incomeRelated to mission $97,014$97,014
VIII-12 Total revenueRelated to mission $494,353$991,336
Part IX · Statement of functional expenses $983,341 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $27,450 · Management $27,450 · Fundraising $13,725$68,625
IX-7 Other salaries and wagesPrograms $107,568 · Management $58,580 · Fundraising $52,061$218,209
IX-10 Payroll taxesPrograms $7,748 · Management $5,844 · Fundraising $5,026$18,618
IX-11c Accounting feesManagement $11,000$11,000
IX-11g Other fees for servicesPrograms $400,311 · Management $4,170$404,481
IX-12 Advertising and promotionPrograms $54,129$54,129
IX-13 Office expensesPrograms $1,538 · Management $8,711$10,249
IX-16 OccupancyManagement $16,656$16,656
IX-17 TravelManagement $5,826$5,826
IX-22 Depreciation, depletion and amortizationManagement $2,940$2,940
IX-24 Other expenses (24a–d)Programs $59,936 · Management $15,164 · Fundraising $45,001$120,101
IX-24e All other expensesPrograms $43,402 · Management $9,105$52,507
IX-25 Total functional expensesPrograms $702,082 · Management $165,446 · Fundraising $115,813$983,341
Part X · Balance sheet $1,802,952 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $186,028$228,915
X-2 Savings and temporary cash investmentsStart of year $32,509$26,495
X-3 Pledges and grants receivableStart of year $14,055$11,785
X-9 Prepaid expenses and deferred chargesStart of year $9,740$1,730
X-10c Land, buildings and equipment, netStart of year $9,771$12,569
X-11 Publicly traded securitiesStart of year $1,581,056$1,521,458
X-16 Total assetsStart of year $1,833,159$1,802,952
X-17 Accounts payable and accrued expensesStart of year $13,761$10,944
X-19 Deferred revenueStart of year $193,730$119,740
X-25 Other liabilities$38,605
X-26 Total liabilitiesStart of year $207,491$169,289
X-27 Net assets without donor restrictionsStart of year $605$61,322
X-28 Net assets with donor restrictionsStart of year $1,625,063$1,572,341
X-32 Total net assets or fund balancesStart of year $1,625,668$1,633,663
X-33 Total liabilities and net assetsStart of year $1,833,159$1,802,952
Part XI · Reconciliation of net assets $1,633,663 net assets at year end
XI-1 Total revenue$991,336
XI-2 Total expenses$983,341
XI-3 Revenue less expenses$7,995
XI-4 Net assets at start of year$1,625,668
XI-10 Net assets at end of year$1,633,663

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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