Amarillo Symphony INC FY2023 filing

Tax-deductible

Amarillo, TX501(c)(3)Arts & CultureEIN 75-1153018Revenue $2.4M in FY2023

On file with the IRSamarillosymphony.org301 S Polk St Ste 700, 79101-1418 · Amarillo, TXTax-exempt since Sep 1945Publicly supported — 509(a)(2)

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The Amarillo Symphony inspires, educates, and unites our region through the power of music.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$105K 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

FY2023 · 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
2 of 6
filings with a surplus
Average surplus $193K a year · 8% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$105K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
19
named funders · $663K
Looks good: 19 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$784K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
27
of 28 voting members
Looks good: 27 of 28 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
-6% vs prior year
Spent
$2.6M
To programs
89%
Net assets
$5.4M
By yearFY2020–FY2025
Revenue
$2.4M
FY2023▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$1.6M
FY2022$2.6M
FY2023$2.4M
FY2024$3.5M
FY2025$3.4M
Expenses
$2.6M
FY2023▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.9M
FY2021$1.6M
FY2022$2.7M
FY2023$2.6M
FY2024$2.6M
FY2025$2.7M
Net assets
$5.4M
FY2023▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.1M
FY2021$6.3M
FY2022$5.3M
FY2023$5.4M
FY2024$6.3M
FY2025$6.8M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Sep 1945.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $2.3M Management & general 8% · $204K Fundraising 4% · $92K

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

28 people listed on the 990; $105K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Di
$104,927Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Larry Lang’s $116K as Executive Di is at the 45th 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.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Larry Lang$116,006$111,125$104,927———
Andrew Hay————$99,728$84,155
Andrew R Hay———$70,168——

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.

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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 15aYes

Programs and updates

Inspires, educates, and unites the region through the power of music.

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Provided by the organization

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1 program · $2.3M · in their own filed words · FY2022
01

Promoted and provided cultural, entertaining, and educational musical experiences to residents of the texas panhandle. Persons served through community concerts, educational events, youth and other programs totaled approximately 28,000 persons.

$2.3Mprogram 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
See all 19 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Gifts and grantsLn 1h$1.5M
Fees for servicesLn 2g$896K
Investment incomeLn 3$192K
Money outPt IX
$2.6M
Ln 25
Programscol B$2.3M
Managementcol C$204K
Fundraisingcol D$92K
Owns and owesPt X
$5.4M
net assets · Ln 32
Cash and savingsLn 1–2$559K
Total assetsLn 16$6.2M
LiabilitiesLn 26$784K
PeoplePt VI, VII
28
listed · VII A
PaidVII A1
Voting boardVI 1a28
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Fundraising eventsLn 1c$223K
Fees for servicesLn 2g$896K
Investment incomeLn 3$192K
Gains on assetsLn 7$54K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$559K
Cash and savings togetherLn 1–2$559K
InvestmentsLn 11–13$5.2M
Land, buildings, equipmentLn 10c$202K
Other assetsLn 15$181K
Total assetsLn 16$6.2M
LiabilitiesLn 26$784K
Net assetsLn 32$5.4M
OperationsPt I, VI
EmployeesI 5196
VolunteersI 6350
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 FY23End FY23
Cash and savingsLn 1–2$555K$559K
InvestmentsLn 11–13$5.0M$5.2M
Land, buildings, equipmentLn 10c$63K$202K
Total assetsLn 16$5.8M$6.2M
LiabilitiesLn 26$475K$784K
Net assetsLn 32$5.3M$5.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$100K$37K$28K$35K
Other salaries and wagesLn 7$1.1M$998K$100K$20K
Other employee benefitsLn 9$59K$52K$6K
Payroll taxesLn 10$92K$79K$10K$4K
Professional fundraising feesLn 11e$10K$10K
Investment management feesLn 11f$23K$7K$16K
Other fees for servicesLn 11g$131K$131K
Advertising and promotionLn 12$217K$172K$21K$23K
Office expensesLn 13$25K$25K$681
OccupancyLn 16$53K$47K$6K
TravelLn 17$226K$225K$1K
Conferences, conventions and meetingsLn 19$750$750
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$21K$19K$2K
Other expenses (24a–d)Ln 24$446K$440K$5K
All other expensesLn 24e$59K$53K$6K
Total functional expensesLn 25$2.6M$2.3M$204K$92K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.4M$2.7M$730K$6.8M 990 PDF
FY2024 $3.5M$2.6M$844K$6.3M 990 PDF
FY2023 Viewing $2.4M$2.6M−$144K$5.4M 990 PDF
FY2022 $2.6M$2.7M−$79K$5.3M 990 PDF
FY2021 $1.6M$1.6M−$43K$6.3M 990 PDF
FY2020 $1.7M$1.9M−$152K$5.1M 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 FY2023 990 (6 parts)
Part I · Summary $2,444,426 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,477,603$1,468,357
I-9 Program service revenuePrior year $841,892$896,081
I-10 Investment incomePrior year $278,374$192,201
I-11 Other revenuePrior year −$5,367−$112,213
I-12 Total revenuePrior year $2,592,502$2,444,426
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,244,037$1,369,357
I-16a Professional fundraising feesPrior year $5,254$9,500
I-17 Other expensesPrior year $1,422,710$1,209,254
I-18 Total expensesPrior year $2,672,001$2,588,111
I-19 Revenue less expensesPrior year −$79,499−$143,685
Part VI · Governance 27 of 28 board members independent, 1 to look at
VI-1a Voting members of the governing body28
VI-1b Independent voting members27
VI-2 Family or business relationship among officers or directorsYes
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 $2,444,426 across 10 lines filed
VIII-1b Membership dues$3,930
VIII-1c Fundraising events$222,913
VIII-1f All other contributions, gifts and grants$1,241,514
VIII-1h Total contributions, gifts and grants$1,468,357
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $896,081$896,081
VIII-3 Investment incomeExcluded from tax $137,985$137,985
VIII-7 Net gain or loss on sales of assetsRelated to mission $54,216$54,216
VIII-8 Net income from fundraising eventsExcluded from tax −$112,268−$112,268
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $55$55
VIII-12 Total revenueRelated to mission $950,352 · Excluded from tax $25,717$2,444,426
Part IX · Statement of functional expenses $2,588,111 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $36,982 · Management $27,987 · Fundraising $34,983$99,952
IX-7 Other salaries and wagesPrograms $998,286 · Management $99,967 · Fundraising $20,042$1,118,295
IX-9 Other employee benefitsPrograms $52,222 · Management $6,454$58,676
IX-10 Payroll taxesPrograms $78,524 · Management $9,705 · Fundraising $4,205$92,434
IX-11e Professional fundraising feesFundraising $9,500$9,500
IX-11f Investment management feesPrograms $6,915 · Management $16,135$23,050
IX-11g Other fees for servicesPrograms $130,959$130,959
IX-12 Advertising and promotionPrograms $172,263 · Management $21,255 · Fundraising $23,083$216,601
IX-13 Office expensesPrograms $24,775 · Management $681$25,456
IX-16 OccupancyPrograms $46,767 · Management $5,780$52,547
IX-17 TravelPrograms $224,521 · Management $1,324$225,845
IX-19 Conferences, conventions and meetingsManagement $750$750
IX-22 Depreciation, depletion and amortizationPrograms $8,891$8,891
IX-23 InsurancePrograms $18,573 · Management $2,296$20,869
IX-24 Other expenses (24a–d)Programs $440,205 · Management $5,418$445,623
IX-24e All other expensesPrograms $52,792 · Management $5,871$58,663
IX-25 Total functional expensesPrograms $2,292,675 · Management $203,623 · Fundraising $91,813$2,588,111
Part X · Balance sheet $6,180,356 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $555,477$559,348
X-9 Prepaid expenses and deferred chargesStart of year $18,914$43,993
X-10c Land, buildings and equipment, netStart of year $62,543$202,055
X-11 Publicly traded securitiesStart of year $5,031,200$5,193,979
X-15 Other assetsStart of year $134,625$180,981
X-16 Total assetsStart of year $5,802,759$6,180,356
X-17 Accounts payable and accrued expensesStart of year $69,832$45,959
X-19 Deferred revenueStart of year $402,441$552,364
X-25 Other liabilities$184,672
X-26 Total liabilitiesStart of year $474,600$783,996
X-27 Net assets without donor restrictionsStart of year $3,729,022$3,783,604
X-28 Net assets with donor restrictionsStart of year $1,599,137$1,612,756
X-32 Total net assets or fund balancesStart of year $5,328,159$5,396,360
X-33 Total liabilities and net assetsStart of year $5,802,759$6,180,356
Part XI · Reconciliation of net assets $5,396,360 net assets at year end
XI-1 Total revenue$2,444,426
XI-2 Total expenses$2,588,111
XI-3 Revenue less expenses−$143,685
XI-4 Net assets at start of year$5,328,159
XI-5 Net unrealized gains (losses) on investments$211,886
XI-10 Net assets at end of year$5,396,360

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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