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Lake Charles Symphony INC FY2021 filing

Tax-deductible

Lake Charles, LA501(c)(3) EIN 72-6040901Revenue $49K in FY2021Latest return filed Apr 15, 2024

On file with the IRSlcsymphony.orgLake Charles, LATax-exempt since Apr 1968Publicly supported — 509(a)(2)

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The Lake Charles Symphony, INC., is a non-profit cultural and educational organization whose purpose is to provide cultural enrichment for the community, to promote education in and appreciation of symphonic music to the children of southwest louisiana, to increase the community's awareness of the arts, and to maintain the Lake Charles Symphony orchestra.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
$45K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $605 a year · under 1% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$45K
to officers and key staff · 79% of spending
Concern: pay to officers and key staff is 79% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Plus $498K in investments, Pt X · Ln 11–13
Fine: 0.7 months of spending in cash, plus $498K in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $4K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.2% of total assets
Looks good: liabilities are 0% 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
$49K
-40% vs prior year
Spent
$57K
To programs
62%
Net assets
$501K
By yearFY2020–FY2023
Revenue
$49K
FY2021▼ -40%
Tap a bar for its year
Revenue by fiscal year
FY2020$82K
FY2021$49K
FY2022$122K
FY2023$293K
Expenses
$57K
FY2021▼ -62%
Tap a bar for its year
Expenses by fiscal year
FY2020$151K
FY2021$57K
FY2022$124K
FY2023$216K
Net assets
$501K
FY2021▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$448K
FY2021$501K
FY2022$466K
FY2023$518K

From the FY2021 Form 990 (year ending May 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Apr 1968.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $35K Management & general 29% · $17K Fundraising 9% · $5K

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; $45K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Michelle Miller
Symphony Man
$45,000Pt VII · Sec A
Michael Beer
President
$0Pt VII · Sec A
Celia Broussard
Recording Se
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2021FY2020
Michelle Miller$45,000$45,000

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 Lake Charles Symphony INC 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 15aYes

Programs and updates

Enriches community culture and educates children through symphonic music and orchestral performances.

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1 program · $35K · in their own filed words · FY2020
01

To promote education and appreciation for music and provide concerts to the community.

$35Kprogram 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
Shearman FoundationFY2024$2K
Cse Community FoundationFY2024$1K
Total grants receivedfrom 2 funders$4K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$49K
Ln 12
Gifts and grantsLn 1h$26K
Investment incomeLn 3$13K
Fees for servicesLn 2g$12K
Money outPt IX
$57K
Ln 25
Programscol B$35K
Managementcol C$17K
Fundraisingcol D$5K
Owns and owesPt X
$501K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$502K
LiabilitiesLn 26$1K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$26K
Government grantsLn 1e$11K
Fees for servicesLn 2g$12K
Investment incomeLn 3$13K
Total revenueLn 12$49K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Land, buildings, equipmentLn 10c$293
InvestmentsLn 11–13$498K
Total assetsLn 16$502K
LiabilitiesLn 26$1K
Net assetsLn 32$501K
OperationsPt I, VI
EmployeesI 51
VolunteersI 610
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY19FY18FY17
End of yearLn 1g$501K$513K$508K
SpentLn 1d–1f$33K$16K$30K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2K$3K
InvestmentsLn 11–13$446K$498K
Land, buildings, equipmentLn 10c$878$293
Total assetsLn 16$449K$502K
LiabilitiesLn 26$1K$1K
Net assetsLn 32$448K$501K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$45K$27K$14K$4K
Payroll taxesLn 10$3K$2K$1K$345
Office expensesLn 13$1K$557$557
Depreciation, depletion and amortizationLn 22$585$585
InsuranceLn 23$3K$1K$1K
Other expenses (24a–d)Ln 24$4K$4K
Total functional expensesLn 25$57K$35K$17K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS Apr 15, 2024 $293K$216K$76K$518K 990 PDF
FY2022Filed with the IRS Oct 10, 2022 $122K$124K−$2K$466K 990 PDF
FY2021 ViewingFiled with the IRS Sep 14, 2022 $49K$57K−$8K$501K 990 PDF
FY2020Filed with the IRS Aug 25, 2022 $82K$151K−$69K$448K 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 FY2021 990 (6 parts)
Part I · Summary $49,038 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $50,035$25,793
I-9 Program service revenuePrior year $63,047$11,623
I-10 Investment incomePrior year −$8,924$13,122
I-11 Other revenuePrior year −$22,171−$1,500
I-12 Total revenuePrior year $81,987$49,038
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $48,794$48,448
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $102,136$8,273
I-18 Total expensesPrior year $150,930$56,721
I-19 Revenue less expensesPrior year −$68,943−$7,683
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-12a Written conflict of interest policyNo
VI-2 Family or business relationship among officers or directorsNo
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 $49,038 across 7 lines filed
VIII-1e Government grants$10,793
VIII-1f All other contributions, gifts and grants$15,000
VIII-1h Total contributions, gifts and grants$25,793
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,623$11,623
VIII-3 Investment incomeRelated to mission $13,122$13,122
VIII-8 Net income from fundraising events−$1,500
VIII-12 Total revenueRelated to mission $24,745$49,038
Part IX · Statement of functional expenses $56,721 across 6 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $27,000 · Management $13,500 · Fundraising $4,500$45,000
IX-10 Payroll taxesPrograms $2,069 · Management $1,034 · Fundraising $345$3,448
IX-13 Office expensesPrograms $557 · Management $557$1,114
IX-22 Depreciation, depletion and amortizationPrograms $585$585
IX-23 InsurancePrograms $1,487 · Management $1,488$2,975
IX-24 Other expenses (24a–d)Programs $3,599$3,599
IX-25 Total functional expensesPrograms $35,297 · Management $16,579 · Fundraising $4,845$56,721
Part X · Balance sheet $502,182 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $2,046$3,453
X-10c Land, buildings and equipment, netStart of year $878$293
X-11 Publicly traded securitiesStart of year $446,071$498,436
X-16 Total assetsStart of year $448,995$502,182
X-17 Accounts payable and accrued expensesStart of year $1,128$1,148
X-26 Total liabilitiesStart of year $1,128$1,148
X-27 Net assets without donor restrictionsStart of year $1,796$2,598
X-28 Net assets with donor restrictionsStart of year $446,071$498,436
X-32 Total net assets or fund balancesStart of year $447,867$501,034
X-33 Total liabilities and net assetsStart of year $448,995$502,182
Part XI · Reconciliation of net assets $501,034 net assets at year end
XI-1 Total revenue$49,038
XI-2 Total expenses$56,721
XI-3 Revenue less expenses−$7,683
XI-4 Net assets at start of year$447,867
XI-5 Net unrealized gains (losses) on investments$60,850
XI-10 Net assets at end of year$501,034

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

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