La Jolla Symphony and Chorus Association
Nonprofit profile at a glance
- EIN
- 951962652
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024, Form 990-EZ 2009
- Location
- La Jolla, CA, USA
- Phone
- 8585344637
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $900,109
- Expenses
- $899,964
- Assets
- $3,364,358
- Liabilities
- $83,550
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- Stephanie Weaver (Executive Director)
- Einar Gall (President)
- Michael Kinnamon (Vice President)
- Betty McManus (Immediate Past President)
Highest reported compensation
- Stephanie Weaver (Executive Director): $105,047 total reported compensation
- Arian Khaefi (Music Director & Chorus Conductor): $48,204 total reported compensation
- Sameer Patel (Music Director and Orchestra Conductor): $48,204 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
La Jolla Symphony Chorus Association was organized in 1957 under the nonprofit public benefit corporation laws for public and charitable purposes. The mission of the association is to inspire the San Diego community with the joy of music by performing orchestral and choral music that includes premiers, recent compositions and rarely performed musical pieces along with traditional classical favorites, and to provide a venue for the community musicians of San Diego to perform this challenging and exciting music at a high artistic level.
What it reported doing in 2024
La Jolla Symphony Chorus Association The Association was organized in 1957 under the nonprofit public benefit corporation laws for public and charitable purposes. The mission of the association is to inspire the San Diego community with the joy of music by performing orchestral and choral music that includes premiers, recent compositions and rarely performed musical pieces along with traditional classical favorites, and to provide a venue for the community musicians of San Diego to perform this challenging and exciting music at a high artistic level.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 92
- Accountability: 91
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.1%; rating input score 82
- Program expense ratio: 76.1%; rating input score 76
- Fundraising efficiency: $11.73 raised per $1 spent on fundraising; rating input score 43; 43rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 0%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 3.74; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 60; 60th percentile among comparable filings
- Officer compensation ratio: 22.4%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: 4.1% per year; rating input score 100; 37th percentile among comparable filings
- Revenue growth: 3.3% per year; rating input score 100; 32nd percentile among comparable filings
- Asset growth: 10.6% per year; rating input score 100; 61st percentile among comparable filings
Details
- Where the money goes: 82.1% of revenue deployed · 76.1% of spending went to programs
- Governance: 14 of 14 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $685K in reported program spending
- Leadership: top reported pay $105K · 17 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 43/100.
- Moderate — Sustainability: Operating margin scored 36/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Officer compensation ratio scored 12/100.