Skagit Symphony EIN 91-1649210 Form 990 (PDF) Claim this org

Skagit Symphony

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Inspires and transforms the community through the power of music. For fiscal year 2024 it reported $413K in revenue, $380K in expenses, and $406K in net assets.Pt I

Founded
1979
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Mount Vernon, WA
Website
www.skagitsymphony.com
Filings
5 on file (2020–2024)
Revenue
$413KFY2024
Expenses
$380K
Net assets
$406K
People
17
Filings
5
Updates
0
More identity details & actions ⌄
EIN  91-1649210 Public charity (501(c)(3)) Mount Vernon, WA Founded 1979
Form 990 (PDF)
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Size
$100K–1M
What they do
Inspires and transforms the community through the power of music.
Leadership
Marna Fletcher · Executive Director · $29K
Money in and out
$413K revenue, $380K expenses
Bottom line
67% program efficiency
Where the money goes · FY2024
Total revenue
$413K
Pt VIII · Ln 12
Total expenses
$380K
Pt IX · Ln 25
Net assets
$406K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $34K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.15 Fundraising $0.18
Program efficiency
67%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
13.9mo
months of highly liquid reserves at operating expense rate▲ +1% vs prior filing year
Surplus margin
+8%
revenue over expenses, this year▼ -50% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$413K
FY2024▲ +4%
Expenses
$380K
FY2024▲ +14%
Total assets
$447K
FY2024▲ +13%
Total liabilities
$42K
FY2024▲ +18%
Total revenue
$413K
Pt VIII · Ln 12
Total expenses
$380K
Pt IX · Ln 25
Net assets
$406K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$34K
Total assetsPt X · Ln 16$447K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSkagit Symphony
EINHdr · item D91-1649210
Principal addressHdr · item CMount Vernon, WA
WebsiteHdr · item Jwww.skagitsymphony.com
Year of formationHdr · item L1979
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A69Z)
Ruling yearIRS BMFNov 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
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
Executive Director
$28,946Pt VII · Sec A
Executive Director
$26,385Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Marna Fletcher’s $29K as Executive Director is at the 24th percentile of top reported officer pay among 2213 $100K–1M 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 · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Marna Fletcher$28,946$50,589$45,467$40,500$38,000$30,500
Caroline Omdal$26,385

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

3 program services account for $255K of program spending, described in the organization's own filed words · FY2024.
01

2024-2025 CONCERT SEASON, "Timeless Elements": We celebrated the elements of Earth, Air, Water and Fire in music throughout our 45th season under the baton of Dr. Michael Wheatley. Every performance at state-of-the-art McIntyre Hall on the Skagit Valley College campus in Mount Vernon, Washington presented beloved classics alongside…

$200Kprogram expense
02

Music Education Program

SCHOOL AND FAMILY CONCERT Series. We were delighted to continue our popular School and Family Concert series in January 2025, entertaining and educating fifth grade students from all area school districts and families from throughout the region.

$49Kprogram expense
03

Chamber Music. Various chamber groups including string, brass and woodwind ensembles consisting of orchestra members performed at a variety of venues, further expanding our reach in the community.

$6Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$258K · 62%
Program service revenue$113K · 27%
Other revenue$24K · 6%
Investment income$19K · 5%
Contributions & grants62%$258K
Program service revenue27%$113K
Other revenue6%$24K
Investment income5%$19K
Total revenueLn 12$413K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.15 Fundraising $0.18
Program services67%$255K
Management & general15%$58K
Fundraising18%$67K
Total functional expensesLn 25$380K

Balance Sheet

Part X · end of year
CashLn 1$66K
Total assetsLn 16$447K
Total liabilitiesLn 26$42K
Total net assetsLn 32$406K
Months of cash on handcomputed2.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $429K · Operating expenses (Pt IX) $380K · Less non-cash grants $11K · Cash operating expenses/yr $369K
13.9 months
Where the money goes
Program services
Program services $255K · Total expenses $380K
67%
Management & General
Management & general $58K · Total expenses $380K
15%
Fundraising
Fundraising $67K · Total expenses $380K
18%
Cost to raise $1
Fundraising expense (3-yr avg) $55K · Solicited contributions (3-yr avg) $218K
$0.25 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $258K · Total revenue $413K
62%
Government reliance
Government grants $0 · Total revenue $413K
0%
Earned-income share
Program service revenue $113K · Total revenue $413K
27%
Investment reliance
Investment income $19K · Total revenue $413K
+5%
Program self-sufficiency
Program service revenue $113K · Total expenses $380K
30%
Growth & trend
Revenue growth (YoY)
This year $413K · Prior year $398K
+4%
Revenue CAGR
FY2019 $178K · FY2024 $413K
+18%
Net-asset trend (YoY)
End of year $406K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $413K · Expenses $380K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $447K
Net-asset ratio
Net assets $406K · Total assets $447K
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $363K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $447K
81%
People & payroll
Highest Reported Total Compensation
Individual Marna Fletcher · Reported title Executive Director · Highest reported compensation $29K · Total expenses $380K
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $227K · Total expenses $380K
60%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 67%
Overhead ratio 15%
Fundraising cost ratio 26%
Revenue growth 4%

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
Total grants receivedfrom 2 funders$62K

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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
FY2024$398K revenue · ⤓ 990 PDF
FY2023$278K revenue · ⤓ 990 PDF
FY2022$237K revenue · ⤓ 990 PDF
FY2021$257K revenue · ⤓ 990 PDF
FY2020$178K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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