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Nonprofiteer
← LAFAYETTE SYMPHONY FOUNDATION

Form 990 for tax year 2022

Filed by LAFAYETTE SYMPHONY FOUNDATION.

Totals

Total revenue
-$18,070
Total expenses
$171,212
Contributions and grants received
$5,056
Grants paid
$150,000
Program service revenue
$0
Investment income
-$36,855
Other revenue
$13,729
Total assets, end of year
$3,225,378
Total liabilities, end of year
$158,274
Net assets or fund balances, end of year
$3,067,104
Program services expenses (Part IX)
$150,000
Management and general expenses
$21,212
Fundraising expenses
$0
Program service expenses (Part III)
$150,000

Program services were 87.6% 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

    $5,056

  • 3 · Investment income

    total $64,748 · excluded $64,748

  • 7a · Gross sales of assets other than inventory

    securities $592,873

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

    securities $694,476

  • 7c · Gain or loss

    securities -$101,603

  • 7d · Net gain or loss

    total -$101,603 · excluded -$101,603

  • 11a · Other revenue: CHANGE IN VALUE SPLIT INT AGR

    total $11,589 · related or exempt $11,589

  • 11b · Other revenue: PAID UP INSURANCE INCREASE

    total $2,140 · related or exempt $2,140

  • 11e · Other revenue, total

    $13,729

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $150,000 · program services $150,000

  • 11c · Fees: accounting

    total $305 · management and general $305

  • 11f · Fees: investment management

    total $19,027 · management and general $19,027

  • 13 · Office expenses

    total $177 · management and general $177

  • 23 · Insurance

    total $1,071 · management and general $1,071

  • 24a · Other expenses: LIFE INSURANCE PREMIUMS

    total $632 · management and general $632

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $130,392 · end of year $33,264

  • 9 · Prepaid expenses and deferred charges

    beginning of year $402 · end of year $200

  • 11 · Investments: publicly traded securities

    beginning of year $2,940,730 · end of year $3,090,710

  • 15 · Other assets

    beginning of year $99,064 · end of year $101,204

  • 17 · Accounts payable and accrued expenses

    beginning of year $139,999 · end of year $150,000

  • 25 · Other liabilities

    beginning of year $8,731 · end of year $8,274

  • 27 · Net assets without donor restrictions

    beginning of year $90,155 · end of year -$20,368

  • 28 · Net assets with donor restrictions

    beginning of year $2,931,703 · end of year $3,087,472

Mission and programs · 2022

Mission

SUPPORT OF THE LAFAYETTE SYMPHONY ORCHESTRA.

  • DISTRIBUTION OF ALLOCATED INCOME FROM VARIOUS FUNDS HELD BY THE FOUNDATION, TO THE LAFAYETTE SYMPHONY ORCHESTRA, IN ACCORDANCE WITH INSTRUCTIONS SPECIFIED BY DONORS AND BOARD OF DIRECTORS (140,000).

    Expenses $150,000 · Grants $150,000

As filed on the 2022 return.

Listed in Part VII

  • Charlene Sullivan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Roger Stewart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kimberley Morisette CPA

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Shirley West

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Greg Kapp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Beth McCuskey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan McLaughlin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rabindra Mukerjea

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dorothy Reed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Schneider

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202421319349304407

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