Abilene Philharmonic Foundation EIN 75-2281734 Form 990 (PDF) Claim this org

Abilene Philharmonic Foundation FY2021 filing

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Provides funding for the Abilene Philharmonic Association. For fiscal year 2021 it reported $122K in revenue, $45K in expenses, and $3.1M in net assets.Pt I

Type
Supporting organization · Arts & Culture
Location
Abilene, TX
Website
abilenephilharmonic.org
Filings
5 on file (2021–2021)
Revenue
$122KFY2021
Expenses
$45K
Net assets
$3.1M
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  75-2281734 Supporting organization Abilene, TX
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Provides funding for the Abilene Philharmonic Association.
Leadership
Jim Pizzorno · President
Money in and out
$122K revenue, $45K expenses
Bottom line
+63% net inflow
Money in and out · FY2021
Total revenue
$122K
Pt VIII · Ln 12
Total expenses
$45K
Pt IX · Ln 25
Net assets
$3.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $77K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Net inflow
+63%
revenue over expenses, this year
Pass-through gifts
38%
of revenue from contributions
Program spending
90%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$122K
FY2021
Expenses
$45K
FY2021
Total assets
$3.1M
FY2021
Total liabilities
$0
FY2021
Total revenue
$122K
Pt VIII · Ln 12
Total expenses
$45K
Pt IX · Ln 25
Net assets
$3.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$77K
Total assetsPt X · Ln 16$3.1M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $40K of program spending, described in the organization's own filed words · FY2020.
01

The organization manages all endowments for the abilene philharmonic association, disbursing 24,484 to help support the philharmonic orchestra.

$40Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAbilene Philharmonic Foundation
EINHdr · item D75-2281734
Principal addressHdr · item CAbilene, TX
WebsiteHdr · item Jabilenephilharmonic.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A110)
Ruling yearIRS BMFJan 1990

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Designated Director
$0Pt VII · Sec A
Designated Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income$76K · 62%
Contributions & grants$46K · 38%
Investment income62%$76K
Contributions & grants38%$46K
Total revenueLn 12$122K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$40K
Management & general10%$4K
Total functional expensesLn 25$45K

Balance Sheet

Part X · end of year
CashLn 1$3K
Total assetsLn 16$3.1M
Total liabilitiesLn 26$0
Total net assetsLn 32$3.1M
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.5M · Operating expenses/yr $45K
665.0 months
Where the money goes
Program services
Program services $40K · Total expenses $45K
90%
Management & General
Management & general $4K · Total expenses $45K
10%
Fundraising
Fundraising $0 · Total expenses $45K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $46K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $46K · Total revenue $122K
38%
Government reliance
Government grants — · Total revenue $122K
Earned-income share
Program service revenue $0 · Total revenue $122K
0%
Investment reliance
Investment income $76K · Total revenue $122K
+62%
Program self-sufficiency
Program service revenue $0 · Total expenses $45K
0%
Growth & trend
Revenue growth (YoY)
This year $122K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $3.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $122K · Expenses $45K
+63%
Liabilities-to-Assets
Total liabilities — · Total assets $3.1M
Net-asset ratio
Net assets $3.1M · Total assets $3.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.5M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.1M
79%
People & payroll
Highest Reported Total Compensation
Individual Jim Pizzorno · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $45K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $45K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Fundraising cost ratio 0%
Investment management fee ratio 0.5%
Legal fee ratio 0%
Accounting fee ratio 10%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$24K
Grants paid · 7 grants · $578K · 2020–2024
Abilene Philharmonic AssociationFY2022$107,106
Unitemized GrantFY2022$1

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$376K revenue · ⤓ 990 PDF
FY2024$497K revenue · ⤓ 990 PDF
FY2023$360K revenue · ⤓ 990 PDF
FY2022$1.3M revenue · ⤓ 990 PDF
FY2021$122K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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