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Nonprofiteer
← Jacksonville Symphony Foundation Inc

Form 990 for tax year 2022

Filed by Jacksonville Symphony Foundation Inc.

Totals

Total revenue
$205,207
Total expenses
$9,271,196
Contributions and grants received
$0
Grants paid
$9,250,156
Program service revenue
$0
Investment income
$205,207
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$9,250,156
Management and general expenses
$21,040
Fundraising expenses
$0
Program service expenses (Part III)
$9,250,156

Program services were 99.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MR STEVEN LIBMAN

    PRESIDENT & CEO

    Total calculated
    $270,528
    From this org
    $0
    From related orgs
    $257,656
    Other
    $12,872
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $242,656 related
    Bonus
    not reported + $15,000 related
    Other
    not reported
    Deferred
    not reported + $11,872 related
    Nontaxable benefits
    not reported + $1,440 related
    Filer's total
    not reported + $270,968 related

  • MR THOMAS FLAHERTY

    VP & CFO

    Total calculated
    $191,460
    From this org
    $0
    From related orgs
    $165,781
    Other
    $25,679
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $165,031 related
    Bonus
    not reported + $750 related
    Other
    not reported
    Deferred
    not reported + $6,820 related
    Nontaxable benefits
    not reported + $19,299 related
    Filer's total
    not reported + $191,900 related

  • MR PETER KARPEN

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MR GILCHRIST B BERG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • MR JEFFREY E BERNARDO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • MR MATTHEW MARCIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • MR CHARLES S JOSEPH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 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

  • 1a · Health or social club dues or initiation fees
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 4a · Severance or change-of-control payment
  • 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)

SCHEDULE J, PART I, LINE 2
THE RELATED ASSOCIATION PAYS MEMBERSHIP FEES FOR AN OFFICER TO CONDUCT VARIOUS BUSINESS MATTERS. THIS HAS BEEN APPROVED BY THE BOARD OF DIRECTORS.
SCHEDULE J, PART II
STEVEN LIBMAN AND THOMAS FLAHERTY RECEIVE COMPENSATION FROM A RELATED ORGANIZATION, JACKSONVILLE SYMPHONY ASSOCIATION INC. THEY RECEIVE NO COMPENSATION FROM JACKSONVILLE SYMPHONY FOUNDATION INC.

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

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

1 distribution to a recipient named as a person, $7,965,862. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202421309349301582

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