Atlantic Classical Orchestra INC FY2024 filing

Tax-deductible

Vero Beach, FL501(c)(3)Arts & CultureEIN 65-0307858Revenue $1.2M in FY2024

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.
65¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 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
$199K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+16% vs prior year
Spent
$1.2M
To programs
65%
Net assets
$1.8M
By yearFY2020–FY2025
Revenue
$1.2M
FY2024▲ +16%
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
$1.2M
FY2024▲ +6%
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
$1.8M
FY2024▲ +2%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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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

65 cents of each dollar spent went to programs.

Program services 65% · $768K Management & general 23% · $273K Fundraising 11% · $133K

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

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Board Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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.

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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 · $768K · in their own filed words · FY2023
01

The aco presented concerts in three neighboring COUNTIES/LOCATIONS. These programs provided positive, family-oriented community engagement, music education, and increased appreciation for orchestral music.

$768Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$560K
Fees for servicesLn 2g$399K
Investment incomeLn 3$245K
Money outPt IX
$1.2M
Ln 25
Programscol B$768K
Managementcol C$273K
Fundraisingcol D$133K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$402K
Total assetsLn 16$2.0M
LiabilitiesLn 26$199K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$560K
Government grantsLn 1e$35K
Fees for servicesLn 2g$399K
Investment incomeLn 3$245K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$322K
SavingsLn 2$80K
Cash and savings togetherLn 1–2$402K
InvestmentsLn 11–13$1.5M
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$49K
Total assetsLn 16$2.0M
LiabilitiesLn 26$199K
Net assetsLn 32$1.8M
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 FY24End FY24
Cash and savingsLn 1–2$265K$402K
InvestmentsLn 11–13$1.6M$1.5M
Land, buildings, equipmentLn 10c$5K$3K
Total assetsLn 16$1.9M$2.0M
LiabilitiesLn 26$214K$199K
Net assetsLn 32$1.7M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$339K$100K$150K$89K
Payroll taxesLn 10$28K$8K$12K$7K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$506K$484K$22K
Advertising and promotionLn 12$63K$63K
Office expensesLn 13$22K$1K$20K
OccupancyLn 16$24K$24K
TravelLn 17$4K$4K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$132K$90K$4K$37K
All other expensesLn 24e$36K$21K$15K
Total functional expensesLn 25$1.2M$768K$273K$133K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.2M$1.0M$157K$1.9M 990 PDF
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $1,204,003 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $519,647$559,886
I-9 Program service revenuePrior year $319,657$398,730
I-10 Investment incomePrior year $202,927$245,387
I-11 Other revenue$0
I-12 Total revenuePrior year $1,042,231$1,204,003
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $330,732$366,686
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $772,163$806,891
I-18 Total expensesPrior year $1,102,895$1,173,577
I-19 Revenue less expensesPrior year −$60,664$30,426
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $1,204,003 across 6 lines filed
VIII-1e Government grants$35,294
VIII-1f All other contributions, gifts and grants$524,592
VIII-1h Total contributions, gifts and grants$559,886
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $398,730$398,730
VIII-3 Investment incomeRelated to mission $245,387$245,387
VIII-12 Total revenueRelated to mission $644,117$1,204,003
Part IX · Statement of functional expenses $1,173,577 across 12 lines filed
IX-7 Other salaries and wagesPrograms $100,233 · Management $150,360 · Fundraising $88,544$339,137
IX-10 Payroll taxesPrograms $8,142 · Management $12,214 · Fundraising $7,193$27,549
IX-11c Accounting feesManagement $13,500$13,500
IX-11g Other fees for servicesPrograms $484,142 · Management $22,305$506,447
IX-12 Advertising and promotionPrograms $62,735$62,735
IX-13 Office expensesPrograms $1,238 · Management $20,334$21,572
IX-16 OccupancyManagement $23,978$23,978
IX-17 TravelManagement $4,062$4,062
IX-22 Depreciation, depletion and amortizationManagement $1,996$1,996
IX-23 InsuranceManagement $4,646$4,646
IX-24 Other expenses (24a–d)Programs $89,896 · Management $4,344 · Fundraising $37,454$131,694
IX-24e All other expensesPrograms $21,410 · Management $14,851$36,261
IX-25 Total functional expensesPrograms $767,796 · Management $272,590 · Fundraising $133,191$1,173,577
Part X · Balance sheet $1,952,627 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $87,589$322,030
X-2 Savings and temporary cash investmentsStart of year $177,147$79,849
X-4 Accounts receivableStart of year $6,989$8,338
X-9 Prepaid expenses and deferred chargesStart of year $8,755$7,958
X-10c Land, buildings and equipment, netStart of year $5,189$3,193
X-11 Publicly traded securitiesStart of year $1,580,061$1,482,745
X-15 Other assetsStart of year $71,291$48,514
X-16 Total assetsStart of year $1,937,021$1,952,627
X-17 Accounts payable and accrued expensesStart of year $12,757$11,276
X-19 Deferred revenueStart of year $130,235$139,000
X-25 Other liabilitiesStart of year $71,291$49,187
X-26 Total liabilitiesStart of year $214,283$199,463
X-27 Net assets without donor restrictionsStart of year $45,365$183,724
X-28 Net assets with donor restrictionsStart of year $1,677,373$1,569,440
X-32 Total net assets or fund balancesStart of year $1,722,738$1,753,164
X-33 Total liabilities and net assetsStart of year $1,937,021$1,952,627
Part XI · Reconciliation of net assets $1,753,164 net assets at year end
XI-1 Total revenue$1,204,003
XI-2 Total expenses$1,173,577
XI-3 Revenue less expenses$30,426
XI-4 Net assets at start of year$1,722,738
XI-10 Net assets at end of year$1,753,164

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

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