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← INDIANAPOLIS SYMPHONY ORCHESTRA FOU NDATION INC

Form 990 for tax year 2022

Filed by INDIANAPOLIS SYMPHONY ORCHESTRA FOU NDATION INC.

Totals

Total revenue
$7,393,933
Total expenses
$7,777,735
Contributions and grants received
$728,374
Grants paid
$6,290,436
Program service revenue
$1,250,000
Investment income
$5,379,874
Other revenue
$35,685
Total assets, end of year
$114,922,418
Total liabilities, end of year
$192,080
Net assets or fund balances, end of year
$114,730,338
Program services expenses (Part IX)
$6,619,365
Management and general expenses
$1,158,370
Fundraising expenses
$0
Program service expenses (Part III)
$6,619,365

Program services were 85.1% 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

    $728,374

  • 2a · Program service revenue: RENT - HILBERT CIRCLE THEATRE

    total $850,000 · related or exempt $850,000

  • 2b · Program service revenue: RENT - SYMPHONY CENTRE

    total $400,000 · related or exempt $400,000

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $886,701 · unrelated business $202,238 · excluded $684,463

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $11,262,541 · other assets $700

  • 7b · Less cost or other basis and sales expenses

    securities $6,769,396 · other assets $672

  • 7c · Gain or loss

    securities $4,493,145 · other assets $28

  • 7d · Net gain or loss

    total $4,493,173 · excluded $4,493,173

  • 11a · Other revenue: ANNUITIES EARNINGS

    total $35,685 · excluded $35,685

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $35,685

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,290,436 · program services $6,290,436

  • 11b · Fees: legal

    total $18,282 · management and general $18,282

  • 11c · Fees: accounting

    total $23,854 · management and general $23,854

  • 11f · Fees: investment management

    total $1,047,669 · management and general $1,047,669

  • 11g · Fees: other

    total $50,000 · program services $0 · management and general $50,000 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $328,929 · program services $328,929

  • 24e · All other expenses

    total $18,565 · program services $0 · management and general $18,565 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,084 · end of year $8,509

  • 2 · Savings and temporary cash investments

    beginning of year $2,583,294 · end of year $1,992,812

  • 3 · Pledges and grants receivable

    beginning of year $1,941,655 · end of year $2,595,686

  • 4 · Accounts receivable

    beginning of year $1,000

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $18,750

  • 10a · Land, buildings and equipment: cost or other basis

    $11,413,966

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,857,164

  • 10c · Land, buildings and equipment, net

    beginning of year $3,374,231 · end of year $3,556,802

  • 11 · Investments: publicly traded securities

    beginning of year $20,516,082 · end of year $21,140,732

  • 12 · Investments: other securities

    beginning of year $88,162,461 · end of year $84,545,448

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $1,028,481 · end of year $1,063,679

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,324 · end of year $192,080

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $72,183,062 · end of year $68,844,308

  • 28 · Net assets with donor restrictions

    beginning of year $45,380,902 · end of year $45,886,030

Mission and programs · 2022

Mission

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.

  • PROVIDE SUPPORT TO INDIANA SYMPHONY SOCIETY, INC.

    Expenses $6,619,365 · Grants $6,290,436 · Revenue $1,250,000

As filed on the 2022 return.

Listed in Part VII

  • Jill Margetts

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • John R Thornburgh

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Robert D Ramsey

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Mark Mutz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Martha Lamkin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Scott Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Susan Ridlen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tom Grein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUSTS (2)

    Trust · INVESTMENTS · IN

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
15 July 2024
IRS schema version
2022v5.0
Source object
202401979349300610

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