Cascade Symphony Orchestra INC EIN 91-2072869 Form 990 (PDF) Claim this org

Cascade Symphony Orchestra INC

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Presents inspiring concerts, educates children, supports young musicians, and offers scholarships. For fiscal year 2025 it reported $219K in revenue, $287K in expenses, and $494K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Edmonds, WA
Website
cascadesymphony.org
Filings
5 on file (2021–2025)
Revenue
$219KFY2025
Expenses
$287K
Net assets
$494K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  91-2072869 Public charity (501(c)(3)) Edmonds, WA
Form 990 (PDF)
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Size
$100K–1M
What they do
Presents inspiring concerts, educates children, supports young musicians, and offers scholarships.
Leadership
Edward Benyas · Executive Director · $72K
Money in and out
$219K revenue, $287K expenses
Bottom line
65% program efficiency
Where the money goes · FY2025
Total revenue
$219K
Pt VIII · Ln 12
Total expenses
$287K
Pt IX · Ln 25
Net assets
$494K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$69K
Where spending went · Part IX cols B–D
Program services $0.65 Management & general $0.20 Fundraising $0.15
Program efficiency
65%
of spending reaches programs+0.5% vs prior filing year
Operating runway
26.3mo
months of highly liquid reserves at operating expense rate-0.4% vs prior filing year
Surplus margin
-31%
revenue over expenses, this year▼ -2026% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$219K
FY2025▼ -13%
Expenses
$287K
FY2025▲ +12%
Total assets
$495K
FY2025▼ -12%
Total liabilities
$1K
FY2025▲ +65%
Total revenue
$219K
Pt VIII · Ln 12
Total expenses
$287K
Pt IX · Ln 25
Net assets
$494K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$69K
Total assetsPt X · Ln 16$495K
Program-expense ratioPt IX · col B65%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCascade Symphony Orchestra INC
EINHdr · item D91-2072869
Principal addressHdr · item CEdmonds, WA
WebsiteHdr · item Jcascadesymphony.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A69)
Ruling yearIRS BMFMay 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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 (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$72,000Pt VII · Sec A
Music Director
$38,581Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Edward Benyas’s $72K as Executive Director is at the 66th 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Edward Benyas$72,000$30,000
Rose Gear$25,300$64,312
Michael Miropolsky$38,581$36,956$33,280$34,100$33,300
Heather Hoskins$2,400$1,000

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 $186K of program spending, described in the organization's own filed words · FY2024.
01

Cascade Symphony provides a series of high-quality music concerts for the public. The concerts are high-energy, engaging, and affordable and regularly attract a large and supportive crowd of community members. Each concert has a capacity of 700 attendees, and in non-Covid seasons, regularly are sold out.

$127Kprogram expense
02

Provides opportunities for more than 80 volunteer, amateur musicians to rehearse together in a nurturing, supportive environment. Cascade Symphony Orchestra provides its musicians the opportunity to continually develop and deepen their musicianship while preparing and presenting inspiring concerts of outstanding music.

$36Kprogram expense
03

Cascade Symphony Orchestra provides educational outreach to youth and support for young musicians. An annual Children's Concert with music specifically tailored for young children is presented. The concert features a young Rising Star instrumental soloist(s) accompanied by the Orchestra.

$23Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$134K · 61%
Program service revenue$66K · 30%
Investment income$18K · 8%
Contributions & grants61%$134K
Program service revenue30%$66K
Investment income8%$18K
— government grantsLn 1e$7K
Total revenueLn 12$219K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.65 Management & general $0.20 Fundraising $0.15
Program services65%$186K
Management & general20%$57K
Fundraising15%$44K
Total functional expensesLn 25$287K

Balance Sheet

Part X · end of year
CashLn 1$35K
Total assetsLn 16$495K
Total liabilitiesLn 26$1K
Total net assetsLn 32$494K
Months of cash on handcomputed1.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $495K · Operating expenses (Pt IX) $287K · Less non-cash grants $61K · Cash operating expenses/yr $226K
26.3 months
Where the money goes
Program services
Program services $186K · Total expenses $287K
65%
Management & General
Management & general $57K · Total expenses $287K
20%
Fundraising
Fundraising $44K · Total expenses $287K
15%
Cost to raise $1
Fundraising expense (3-yr avg) $23K · Solicited contributions (3-yr avg) $116K
$0.20 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $134K · Total revenue $219K
61%
Government reliance
Government grants $7K · Total revenue $219K
3%
Earned-income share
Program service revenue $66K · Total revenue $219K
30%
Investment reliance
Investment income $18K · Total revenue $219K
+8%
Program self-sufficiency
Program service revenue $66K · Total expenses $287K
23%
Growth & trend
Revenue growth (YoY)
This year $219K · Prior year $253K
-13%
Revenue CAGR
FY2020 $119K · FY2024 $219K
+16%
Net-asset trend (YoY)
End of year $494K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $219K · Expenses $287K
-31%
Liabilities-to-Assets
Total liabilities — · Total assets $495K
Net-asset ratio
Net assets $494K · Total assets $495K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $460K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $495K
93%
People & payroll
Highest Reported Total Compensation
Individual Edward Benyas · Reported title Executive Director · Highest reported compensation $72K · Total expenses $287K
25%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $118K · Total expenses $287K
41%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 65%
Overhead ratio 20%
Fundraising cost ratio 33%
Revenue growth -13%

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 2 funders$12K
Grants paid · 4 grants · $21K · 2021–2024
Unitemized GrantFY2024$9,000
Unitemized GrantFY2023$3,000
Unitemized GrantFY2023$2,000
Unitemized GrantFY2021$7,024

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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)$219K revenue · viewing · ⤓ 990 PDF
FY2024$253K revenue · ⤓ 990 PDF
FY2023$174K revenue · ⤓ 990 PDF
FY2022$134K revenue · ⤓ 990 PDF
FY2021$119K 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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