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

Abilene Philharmonic Foundation FY2023 filing

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Provides funding for the Abilene Philharmonic Association. For fiscal year 2023 it reported $360K in revenue, $151K in expenses, and $3.9M in net assets.Pt I

Type
Supporting organization · Arts & Culture
Location
Abilene, TX
Website
abilenephilharmonic.org
Filings
5 on file (2021–2023)
Revenue
$360KFY2023
Expenses
$151K
Net assets
$3.9M
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  75-2281734 Supporting organization Abilene, TX
Form 990 (PDF)
You’re viewing the FY2023 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
$360K revenue, $151K expenses
Bottom line
+58% net inflow
Money in and out · FY2023
Total revenue
$360K
Pt VIII · Ln 12
Total expenses
$151K
Pt IX · Ln 25
Net assets
$3.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $209K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.00 Fundraising $0.19
Net inflow
+58%
revenue over expenses, this year
Pass-through gifts
81%
of revenue from contributions
Program spending
81%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$360K
FY2023▼ -73%
Expenses
$151K
FY2023▼ -27%
Total assets
$3.9M
FY2023▲ +4%
Total liabilities
$0
FY2023
Total revenue
$360K
Pt VIII · Ln 12
Total expenses
$151K
Pt IX · Ln 25
Net assets
$3.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$209K
Total assetsPt X · Ln 16$3.9M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

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 1a6
Independent voting membersPt VI · Ln 1b6
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 (FY2022); the FY2023 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Designated Director
$0Pt VII · Sec A
Designated Director
$0Pt VII · Sec A
See Abilene Philharmonic Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $122K of program spending, described in the organization's own filed words · FY2022.
01

The organization manages all endowments for the abilene philharmonic association, disbursing 107,106 to help support the philharmonic orchestra.

$122Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$292K · 81%
Investment income$69K · 19%
Contributions & grants81%$292K
Investment income19%$69K
Total revenueLn 12$360K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.00 Fundraising $0.19
Program services81%$122K
Management & general$750
Fundraising19%$28K
Total functional expensesLn 25$151K

Balance Sheet

Part X · end of year
CashLn 1$18K
Total assetsLn 16$3.9M
Total liabilitiesLn 26$0
Total net assetsLn 32$3.9M
Months of cash on handcomputed1.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.4M · Operating expenses/yr $151K
269.8 months
Where the money goes
Program services
Program services $122K · Total expenses $151K
81%
Management & General
Management & general $750 · Total expenses $151K
0.5%
Fundraising
Fundraising $28K · Total expenses $151K
19%
Cost to raise $1
Fundraising expense (3-yr avg) $9K · Solicited contributions (3-yr avg) $474K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $292K · Total revenue $360K
81%
Government reliance
Government grants — · Total revenue $360K
Earned-income share
Program service revenue $0 · Total revenue $360K
0%
Investment reliance
Investment income $69K · Total revenue $360K
+19%
Program self-sufficiency
Program service revenue $0 · Total expenses $151K
0%
Growth & trend
Revenue growth (YoY)
This year $360K · Prior year $1.3M
-73%
Net-asset trend (YoY)
End of year $3.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $360K · Expenses $151K
+58%
Liabilities-to-Assets
Total liabilities — · Total assets $3.9M
Net-asset ratio
Net assets $3.9M · Total assets $3.9M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.9M
86%
People & payroll
Highest Reported Total Compensation
Individual Jim Pizzorno · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $151K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $151K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 0.5%
Fundraising cost ratio 10%
Revenue growth -73%
Investment management fee ratio 0.4%
Legal fee ratio 0%
Accounting fee ratio 0.5%

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 · viewing · ⤓ 990 PDF
FY2022$1.3M revenue · ⤓ 990 PDF
FY2021$122K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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