Indianapolis Symphony Orchestra Foundation Inc
- Assets
- $120.0m
- Revenue
- $10.5m
- Investments
- $86.2m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 12/1990
- Data as of
- 08/2021
- EIN
- 35-1812636
Organization Overview
Indianapolis Symphony Orchestra Foundation Inc is located in Indianapolis, IN. The organization was established in 1990. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indianapolis Symphony Orchestra Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2021, Indianapolis Symphony Orchestra Foundation Inc generated $10.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $7.8m during the year ending 08/2021. While expenses have increased by 0.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE INDIANAPOLIS SYMPHONY ORCHESTRA FOUNDATION, INC. (THE "ISO FOUNDATION") WAS FORMED IN SEPTEMBER 1990 FOR THE PURPOSE OF EDUCATING THE PUBLIC AND PROVIDING FINANCIAL AND OTHER SUPPORT TO THE INDIANA SYMPHONY SOCIETY, INC. (THE "SOCIETY"), AN INDIANA NOT-FOR-PROFIT CORPORATION THAT OPERATES THE INDIANAPOLIS SYMPHONY ORCHESTRA. IT IS THE GENERAL PRACTICE OF THE SOCIETY TO TRANSFER CONTRIBUTIONS RAISED, OTHER THAN ANNUAL FUND CONTRIBUTIONS, TO THE ISO FOUNDATION UNLESS A DONOR SPECIFICALLY REQUIRES THE CONTRIBUTION TO BE MAINTAINED BY THE SOCIETY. ALL FUNDRAISING EXPENSES ARE RECORDED AND REPORTED IN THE SOCIETY'S ACCOUNTS.
Describe the Organization's Program Activity:
PROVIDE SUPPORT TO INDIANA SYMPHONY SOCIETY, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John R Thornburgh Chair | OfficerTrustee | 2 | $0 |
Robert D Ramsey Secretary | OfficerTrustee | 2 | $0 |
Jill Margetts Treasurer | OfficerTrustee | 2 | $0 |
Scott Davis Director | Trustee | 2 | $0 |
Susan Ridlen Director | Trustee | 2 | $0 |
Martha Lamkin Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Llc Investment Advisor | 8/30/18 | $187,500 |
Partners Group Money Manager | 8/30/18 | $138,266 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $294,518 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $294,518 |
| Total Program Service Revenue | $1,250,000 |
| Investment income | $1,358,248 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,596,027 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,534,808 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,737,047 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,881 |
| Fees for services: Accounting | $20,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,636,273 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $788 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $314,321 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,795,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,605,674 |
| Pledges and grants receivable | $1,839,648 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,750 |
| Net Land, buildings, and equipment | $3,476,731 |
| Investments—publicly traded securities | $25,912,820 |
| Investments—other securities | $86,184,403 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,002,387 |
| Total assets | $120,040,413 |
| Accounts payable and accrued expenses | $11,299 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,299 |
| Net assets without donor restrictions | $74,566,987 |
| Net assets with donor restrictions | $45,462,127 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $120,040,413 |
Grants Awarded
Over the last fiscal year, Indianapolis Symphony Orchestra Foundation Inc has awarded $7,781,540 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: TO FUND OPERATING EXPENSES, RENT, EDUCATION, AND ARTISTIC ENDEAVORS. | $7,771,927 |
Indianapolis, IN PURPOSE: TO FUND THE MAURER YOUNG MUSICIAN CONTEST | $9,613 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Indianapolis Symphony Orchestra Foundation Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Zink Family Foundation Inc Indianapolis, IN PURPOSE: TO SUPPORT GENERAL OPERATIONS | $2,000 |
Endowment Analysis
| Beg. Balance | $37,571,663 |
| Earnings | $3,743,298 |
| Net Contributions | $55,998 |
| Ending Balance | $41,370,959 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Public Broadcasting Foundation Inc Madison, WI | $32,720,675 | $11,782,247 |
Indianapolis Symphony Orchestra Foundation Inc Indianapolis, IN | $120,040,413 | $10,534,808 |
Wisconsin History Foundation Inc Madison, WI | $57,186,900 | $14,378,166 |
Commonwealth Fund For Ket Inc Lexington, KY | $35,205,433 | $8,912,254 |
St Louis Art Museum Foundation St Louis, MO | $296,394,608 | $22,752,701 |
Minnetrista Cultural Foundation Inc Muncie, IN | $19,419,646 | $5,083,805 |
Overture Center Foundation Inc Madison, WI | $20,998,721 | $8,215,874 |
Conner Prairie Foundation Inc Fishers, IN | $182,758,575 | $6,601,081 |
Overture Development Corporation Madison, WI | $128,656,351 | $0 |
Mariners Museum Tr No 2 P03152009 Chicago, IL | $40,886,491 | $1,565,814 |
World Chess Museum Inc St Louis, MO | $1,624,573 | $2,628,298 |
John R Vanderlip Trust Uw 5006 Nect Milwaukee, WI | $35,603,983 | $4,156,554 |