Abilene Philharmonic Association EIN 75-6004978 Form 990 (PDF) Claim this org

Abilene Philharmonic Association

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Performs classical music concerts and educational programs for Abilene and surrounding communities. For fiscal year 2025 it reported $887K in revenue, $932K in expenses, and $5.2M in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Abilene, TX
Website
www.abilenephilharmonic.org
Filings
5 on file (2021–2025)
Revenue
$887KFY2025
Expenses
$932K
Net assets
$5.2M
People
22
Filings
5
Updates
0
More identity details & actions ⌄
EIN  75-6004978 Public charity (501(c)(3)) Abilene, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Performs classical music concerts and educational programs for Abilene and surrounding communities.
Leadership
David Bailey · Director
Money in and out
$887K revenue, $932K expenses
Bottom line
71% program efficiency
Where the money goes · FY2025
Total revenue
$887K
Pt VIII · Ln 12
Total expenses
$932K
Pt IX · Ln 25
Net assets
$5.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$46K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.20 Fundraising $0.08
Program efficiency
71%
of spending reaches programs+0.5% vs prior filing year
Operating runway
0.9mo
months of highly liquid reserves at operating expense rate▼ -50% vs prior filing year
Surplus margin
-5%
revenue over expenses, this year▼ -157% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$887K
FY2025▲ +5%
Expenses
$932K
FY2025▲ +8%
Total assets
$5.2M
FY2025▲ +5%
Total liabilities
$53K
FY2025▼ -44%
Total revenue
$887K
Pt VIII · Ln 12
Total expenses
$932K
Pt IX · Ln 25
Net assets
$5.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$46K
Total assetsPt X · Ln 16$5.2M
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 322
Independent voting membersPt I · Ln 422

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAbilene Philharmonic Association
EINHdr · item D75-6004978
Principal addressHdr · item CAbilene, TX
WebsiteHdr · item Jwww.abilenephilharmonic.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMay 1959

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a22
Independent voting membersPt VI · Ln 1b22
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director
$0Pt VII · Sec A
President Elect
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Foundation Pres
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2021
Kevin Smith$66,265$69,314
David Itkin$66,500$66,500

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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Mission & Programs · Part III

Where the work happens

1 program service account for $664K of program spending, described in the organization's own filed words · FY2024.
01

The Association operates the orchestra, providing classical music to Abilene and surrounding communities, including concerts for school children

$664Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$660K · 74%
Program service revenue$189K · 21%
Other revenue$33K · 4%
Investment income$5K · 1%
Contributions & grants74%$660K
Program service revenue21%$189K
Other revenue4%$33K
Investment income1%$5K
— government grantsLn 1e$293K
Total revenueLn 12$887K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.20 Fundraising $0.08
Program services71%$664K
Management & general20%$190K
Fundraising8%$77K
Total functional expensesLn 25$932K

Balance Sheet

Part X · end of year
CashLn 1$70K
Total assetsLn 16$5.2M
Total liabilitiesLn 26$53K
Total net assetsLn 32$5.2M
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $70K · Operating expenses/yr $932K
0.9 months
Where the money goes
Program services
Program services $664K · Total expenses $932K
71%
Management & General
Management & general $190K · Total expenses $932K
20%
Fundraising
Fundraising $77K · Total expenses $932K
8%
Cost to raise $1
Fundraising expense (3-yr avg) $75K · Solicited contributions (3-yr avg) $359K
$0.21 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $660K · Total revenue $887K
74%
Government reliance
Government grants $293K · Total revenue $887K
33%
Earned-income share
Program service revenue $189K · Total revenue $887K
21%
Investment reliance
Investment income $5K · Total revenue $887K
+0.5%
Program self-sufficiency
Program service revenue $189K · Total expenses $932K
20%
Growth & trend
Revenue growth (YoY)
This year $887K · Prior year $845K
+5%
Revenue CAGR
FY2020 $518K · FY2024 $887K
+14%
Net-asset trend (YoY)
End of year $5.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $887K · Expenses $932K
-5%
Liabilities-to-Assets
Total liabilities — · Total assets $5.2M
Net-asset ratio
Net assets $5.2M · Total assets $5.2M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $5.2M
0%
People & payroll
Highest Reported Total Compensation
Individual David Bailey · Reported title Director · Highest reported compensation $0 · Total expenses $932K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $334K · Total expenses $932K
36%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 20%
Fundraising cost ratio 12%
Revenue growth 5%
Investment management fee ratio 0%
Legal fee ratio 0.9%
Accounting fee ratio 0.8%
Fundraising fee ratio 0%

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 · funders on record
Grants received · FY2024
See all 8 funders →

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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)$887K revenue · viewing · ⤓ 990 PDF
FY2024$845K revenue · ⤓ 990 PDF
FY2023$810K revenue · ⤓ 990 PDF
FY2022$904K revenue · ⤓ 990 PDF
FY2021$518K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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