Totals
- Total revenue
- $2,013,881
- Total expenses
- $3,800,349
- Contributions and grants received
- $10,053
- Grants paid
- $3,722,305
- Program service revenue
- $0
- Investment income
- $2,003,828
- Other revenue
- $0
- Total assets, end of year
- $80,382,018
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $80,382,018
- Program services expenses (Part IX)
- $3,722,305
- Management and general expenses
- $78,044
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,722,305
Program services were 97.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$10,053
-
3 · Investment income
total $1,959,541 · excluded $1,959,541
-
7a · Gross sales of assets other than inventory
securities $18,637,338
-
7b · Less cost or other basis and sales expenses
securities $18,593,051
-
7c · Gain or loss
securities $44,287
-
7d · Net gain or loss
total $44,287 · excluded $44,287
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,722,305 · program services $3,722,305
-
11f · Fees: investment management
total $78,044 · management and general $78,044
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $600 · end of year $600
-
11 · Investments: publicly traded securities
beginning of year $75,433,123 · end of year $79,707,043
-
15 · Other assets
beginning of year $655,005 · end of year $674,375
-
27 · Net assets without donor restrictions
beginning of year $600 · end of year $600
-
28 · Net assets with donor restrictions
beginning of year $76,088,128 · end of year $80,381,418
Mission and programs · 2022
Mission
COLORADO SYMPHONY FUND'S PRIMARY PURPOSE IS TO SUPPORT THE COLORADO SYMPHONY ASSOCIATION ORGANIZATION ENGAGED IN THE PERFORMANCE OF SYMPHONIC CONCERTS IN THE DENVER METROPOLITAN AND SURROUNDING TRI-STATE AREAS.
Activities or mission (Part I)
RAISE, HOLD, AND DISTRIBUTE FUNDS FOR THE OPERATING NEEDS OF COLORADO SYMPHONY ASSOCIATION.
-
THE ORGANIZATION'S PRIMARY PURPOSE IS TO RAISE, HOLD, AND ADMINISTER FUNDS FOR A PERMANENT ENDOWMENT FOR THE LONG-TERM OPERATING NEEDS OF THE COLORADO SYMPHONY ASSOCIATION, A RELATED ORGANIZATION ENGAGED IN THE PERFORMANCE OF SYMPHONIC CONCERTS IN THE DENVER METROPOLITAN AND SURROUNDING TRI-STATE AREAS.
Expenses $3,722,305 · Grants $3,722,305
As filed on the 2022 return.
Listed in Part VII
-
Jerome KernJEROME KERN
TRUSTEE (THROUGH AUG. '22)
- Total calculated
- $375,000
- From this org
- $0
- From related orgs
- $375,000
- Other
- $0
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0 + $375,000 related
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $375,000 related
-
Steve BrettSTEVE BRETT
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Norman WilsonNORMAN WILSON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Kip WallenKIP WALLEN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
William WallaceWILLIAM WALLACE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Suzanne RyanSUZANNE RYAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James ButlerJAMES BUTLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 4a · Severance or change-of-control payment
Answered no
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- COLORADO SYMPHONY FUND RELIED ON A RELATED ORGANIZATION THAT USED ONE OR MORE OF THESE METHODS TO ESTABLISH THE COMPENSATION OF OFFICERS.
- PART I, LINE 4A
- FORMER CEO/CO-CHAIRMAN OF THE COLORADO SYMPHONY ASSOCIATION, A RELATED TAX-EXEMPT ORGANIZATION, RECEIVED A SEVERANCE PAYMENT OF $375,000.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$3,722,305
GENERAL SUPPORT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · PERFORMANCE OF SYMPHONIC CONCERTS · CO
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 18 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400809349301300
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