Peoria Symphony Orchestra in Peoria, Illinois (IL)

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Peoria Symphony Orchestra
Employer Identification Number (EIN)370901338
Name of OrganizationPeoria Symphony Orchestra
Address101 State St, Peoria, IL 61602-1547
ActivitiesOther cultural or historical activities
SubsectionEducational Organization, Literary Organization
Ruling Date07/1956
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period05/2014
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$4,426,935
Amount of Income$1,093,177
Form 990 Revenue Amount$1,084,303
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Symphony Orchestras


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Amount of income in 2014: $1,093,177 (it was $930,138 in 2013)
Peoria Symphony Orchestra: 

 $1,093,177
Other organizations performing similar types of work: 

 $2,024,386

Assets in 2014: $4,426,935 (it was $4,228,221 in 2013)
This organization: 

 $4,426,935
Other organizations performing similar types of work: 

 $2,049,250

Expenses in 2014: $998,339
This organization: 

 $998,339
Other organizations performing similar types of work: 

 $1,732,426

Income to expenses ratio in 2014: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 1.1

Number of employees in 2014: 159
This organization: 

 159
Other organizations performing similar types of work: 

 170

Grants share in income in 2014: 53.4%
This organization: 

 53.4%
Other organizations performing similar types of work: 

 56.5%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNoNo
Did the organization report an amount for land, buildings, and equipment?YesYesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?YesYesYes
Did the organization report an amount for other liabilities?YesYesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNoNo
Did the organization obtain separate, independent audited financial statements for the tax year?YesYesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNoNo
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNoNo
A family member of a current or former officer, director, trustee, or key employee?NoNoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoNo
Was the organization related to any tax-exempt or taxable entity?YesYesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
201220132014
The number reported in Box 3 of Form 1096161112
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return133162159
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNoNo
Did the organization notify the donor of the value of the goods or services provided?NoNoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$97,110$93,093$89,236
Total reportable compensation from related organizations$0$0$0
Total estimated amount of other compensation from the organization and related organizations$12,603$0$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization000
Total number of independent contractors who received more than $100,000 of compensation from the organization010
Statement of Revenue
201220132014
Total revenue$681,167$919,543$1,084,303
Contributions, Gifts, Grants and Other Similar Amounts$311,903$505,436$579,195
Program Service Revenue$357,108$401,244$484,864
Musical Groups and Artists $268,476$272,904$305,997
Musical Groups and Artists $73,587$115,223$158,914
Musical Groups and Artists $15,045$13,117$19,953
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$433$381$112
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$0$0$0
Net gain/loss from sales of assets other than inventory$0$0$0
Net income/loss from fundraising events$10,534$12,258$8,838
Gross income from fundraising events$20,067$22,853$17,712
Less: direct expenses$9,533$10,595$8,874
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$1,189$224$11,294
Musical Groups and Artists $1,189$224$11,294
All other revenue$0$0$0
Statement of Functional Expenses
201220132014
Total functional expenses$894,176$893,676$998,339
Grants and other assistance to domestic organizations and domestic governments$0$0$0
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$109,713$92,486$90,475
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$415,969$398,207$445,646
Pension plan accruals and contributions$0$0$0
Other employee benefits$6,888$858$11,704
Payroll taxes$34,608$33,285$44,206
Fees for services (non-employees)
Management$0$0$0
Legal$0$0$0
Accounting$21,163$17,791$16,338
Lobbying$0$0$0
Professional fundraising services$0$0$0
Investment management fees$0$0$0
Other$0$0$0
Advertising and promotion$107,211$136,249$124,073
Office expenses$6,554$6,023$3,917
Information technology$0$0$0
Royalties$0$0$0
Occupancy$28,693$32,065$34,603
Travel$2,126$8,980$7,500
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$1,889$3,219$2,364
Interest$3,088$12,480$12,477
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$3,170$3,471$12,024
Insurance$16,059$15,711$21,057
Other expenses$51,077$42,617$53,690
Other expenses$17,438$20,535$41,042
Other expenses$16,792$20,199$23,544
Other expenses$13,094$12,369$14,851
Other expenses$38,644$37,131$38,828
Balance Sheet
201220132014
Total assets$3,737,207$4,228,221$4,426,935
Cash - non-interest-bearing$64,916$15,479$60,246
Savings and temporary cash investments$56,880$61,347$75,902
Pledges and grants receivable, net$50$967$4,617
Accounts receivable, net$3,953$5,675$6,841
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$12,137$17,015$10,587
Land, buildings, and equipment: cost or other basis$5,142$136,514$149,010
Investments - publicly traded securities$0$0$0
Investments - other securities$45,294$41,027$41,113
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$3,548,835$3,950,197$4,078,619
Total liabilities$275,188$338,973$323,301
Accounts payable and accrued expenses$10,718$10,405$16,245
Grants payable$0$0$0
Deferred revenue$0$0$0
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$264,470$328,568$307,056
Total net assets or fund balances$3,462,019$3,889,248$4,103,634
Unrestricted net assets$-108,266$-60,949$-7,485
Temporarily restricted net assets$3,570,285$3,950,197$4,111,119
Permanently restricted net assets$0$0$0
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014)
2010 - 2014 Total
Public support$2,623,500
Subtotal$2,880,239
Gifts, grants, contributions, and membership fees received$1,842,571
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$1,037,668
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$256,739
Amounts received from disqualified persons$25,000
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$231,739
Total support$2,902,836
Public support$2,880,239
Subtotal$8,885
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$8,885
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$13,712
Unrelated Trade or Business Income (for 2009)
IncomeExpensesNet
Total$166,401$0$16,640
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$166,401$0$16,640
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2009)
Total deductions$30,899
Compensation of officers, directors, and trustees$0
Salaries and wages$13,600
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$17,299
Unrelated business taxable income$-14,259
Unrelated business taxable income before net operating loss deduction$-14,259
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-14,259
Specific deduction$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Chicago Symphony Orchestra220 South Michigan Ave, Chicago, IL 60604-2596IL1927-02$138,516,731
2Midwest Young Artists878 Lyster Rd, Highwood, IL 60040-2004IL1972-08$2,755,608
3San Diego Symphony Orchestra Association1245 7th Ave, San Diego, CA 92101-4302CA1949-08$25,211,778
4Santa Rosa Symphony Association50 Santa Rosa Ave Ste 410, Santa Rosa, CA 95404-4951CA1988-11$9,441,142
5The Los Angeles Chamber Orchestra Society Inc350 S Figueroa St Ste 183, Los Angeles, CA 90071-1117CA1969-04$5,467,954
6The Orlando Philharmonic Orchestra IncPO BOX 540203, Orlando, FL 32854-0203FL1991-08$5,237,362
7Vermont Symphony Orchestra Inc2 Church Street, Burlington, VT 05401-4299VT1939-11$3,286,995
8West Virginia Symphony Orchestra IncPO BOX 2292, Charleston, WV 25328-2292WV1963-04$3,010,070
9Santa Barbara Symphony Orchestra Association1330 State St Ste 102, Santa Barbara, CA 93101-2680CA1959-10$2,541,459
10Springfield Symphony Orchestra1350 Main St Fl 1, Springfield, MA 01103-1630MA1945-07$2,390,641
11Syracuse Symphony Foundation Inc100 Madison St Ste 1905, Syracuse, NY 13202-2703NY1978-01$2,151,317
12Elgin Symphony Orchestra Assoc20 Du Page Ct, Elgin, IL 60120-6424IL1983-10$2,088,552
13South Dakota Symphony Orchestra301 S Main Ave 4th Fl, Sioux Falls, SD 57104-6311SD1967-06$2,024,386
14Illinois Symphony Orchestra Inc524 1/2 E Capitol Ave, Springfield, IL 62701-1814IL1994-03$1,910,000
15Chicago Youth Symphony Orchestra410 S Michigan Ave Ste 833, Chicago, IL 60605-1302IL1948-12$1,826,388
16The Chicago Philharmonic Society401 S Lasalle St, Chicago, IL 60605-1014IL1990-05$1,628,466
17Rockford Symphony Orchestras Inc711 North Main St, Rockford, IL 61103-7204IL1945-10$1,278,285
18Peoria Symphony Orchestra101 State St, Peoria, IL 61602-1547IL1956-07$1,093,177
19Illinois Philharmonic Orchestra377 Artists Walk, Park Forest, IL 60466-2059IL1976-02$752,518
20Lake Forest Symphony Association Inc900 N Shore Dr Ste 109a, Lake Bluff, IL 60044-2217IL1961-11$742,769
Number of organizations performing similar types of work
Alaska1
Alabama3
Arkansas1
Arizona2
California23
Colorado3
Connecticut5
Delaware1
Florida11
Georgia2
Hawaii1
Iowa3
Idaho1
Illinois10
Indiana8
Kansas1
Kentucky4
Louisiana1
Massachusetts5
Maryland2
Maine1
Michigan8
Minnesota3
Missouri3
Mississippi1
Montana1
North Carolina5
Nebraska2
New Hampshire1
New Jersey3
New Mexico1
Nevada2
New York23
Ohio7
Oklahoma2
Oregon3
Pennsylvania9
Rhode Island1
South Carolina4
South Dakota1
Tennessee4
Texas12
Virginia3
Vermont3
Washington5
Wisconsin5
West Virginia2
Total203

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