2019 annual report
Annual Report
For the Fiscal Year Ended December 31, 2019
Prepared by: Stephen B. Johnson, CPA Treasurer
Lone Star Symphonic Band P.O. Box 498 Katy, Texas 77492
www.lssb.org
Lone Star Symphonic Band
ANNUAL REPORT Year Ended December 31, 2019
TABLE OF CONTENTS
INTRODUCTORY SECTION
Letter from Board President and Treasurer………..……………………………….…...…..1
Listing of Key Personnel……………………………....…………………………………....3
Band History……………………………………………………………………………….4
FINANCIAL SECTION
Report of Independent Auditor…………………………………………………………….7
Statements of Financial Position…………………………………………………………....8
Statements of Activities………………………………………………………….………....9
Statement of Functional Expenses – Current Year……………………...………………....10
Statement of Functional Expenses – Prior Year…………………………………………...11
Statements of Cash Flows………………………...……………………………………….12
Notes to Financial Statements…………………………………………………………….13
SUPPLEMENTARY DATA
Listing of 2019 Performances……………………………………………………………..19
Listing of 2019 Donors by Category………………………………………………………20
2019 Revenues by Source (without donor restrictions)……………………………………21
2019 Expenses by Functional Classification...……………………………………………..22
Expenses by Type – Current Year vs. Prior Year…………………..….………………...…23
Statement of Activities – Budget vs. Actual……………………...……...…………………24
i Introductory section
Lone Star Symphonic Band P.O. Box 498 Katy, Texas 77492
Dear Board Members and Patrons:
The Annual Report of the Lone Star Symphonic Band (The Band) for the fiscal year ending December 31st, 2019 is presented herein. This report has been prepared by Stephen Johnson, Board Treasurer. The financial data appearing in this report has been prepared in accordance with accounting principles generally accepted in the United States of America.
This Annual Report consists of three sections. The Introductory Section includes this letter which highlights significant financial and operational aspects of the Band during the year, the members serving on the Board of Directors in 2019, and a brief history of the Band. The Financial Section contains the Band’s financial statements and related note disclosures. The Supplementary Section includes miscellaneous operational data concerning the Band in order to give the reader a better understanding of the Band’s programs and operations. This Annual Report and financial statements have not been audited by an independent auditing firm because at the current time, the Band’s revenues and related expenses are not significant enough to require or warrant an independent financial audit.
The fiscal year ending December 31, 2019 saw a 17% increase in revenues over 2018. This significant increase was attributable to additional individual and corporate contributions received during the 2019 fiscal year.
Expenses for 2019 decreased by 9.4% over the 2018 fiscal year. This decrease was primarily due to less outlay for supplies and travel. Of the Band’s total expenses, 85.9% were directly program related, and not dedicated to fundraising (4.0%) and administrative functions (10.1%), well over the standard benchmarks.
The end of the year saw an increase of $15,323 to overall net assets. The Band ended the year with a cash balance of $82,344, of which a total of $2,689 is restricted by donors for various purposes. With the completion of a very successful percussion campaign in 2017, the Band is exploring the feasibility of purchasing or building a facility to permanently house the Band’s equipment and serve as a rehearsal venue, ensuring continuity of the organization for decades to come.
1 The Band also continues to invest in short term CD s to earn interest where available and to use its remaining net assets to serve as a contingency, or rainy day fund. As of December 31, 2019, the Band had $79,655 available to meet current obligations, an amount equal to nearly 24 months operating expenses. The Band is committed to establishing and maintaining a stable foundation to ensure long term success of the organization.
Operationally, Mr. Bob Bryant completed his twelfth full year as Music Director, The Band began its fourth full season rehearsing and performing at Holy Covenant United Methodist Church in Katy. This location is regarded as one of the premier acoustical performance venues in the Katy area and will allow the Band to continue to provide audiences with the highest quality performances and attract skilled musicians.
The Lone Star Symphonic Band continued to utilize the relationships it built with radio and television stations, newspapers, and other print media in 2019 to advertise our events. Several radio stations posted the Band’s concerts on their websites, and notices of concerts have been published in neighborhood newspapers, most notably, the Houston Chronicle and the Katy Times. Several local and regional magazines also listed the Band’s concerts in 2019 as well, including Katy Magazine, Absolutely Katy!, and local homeowners association newsletters. The Band maintains a concert email distribution list of over 1,600 individuals, keeping them informed of upcoming performances and events. The Band also maintains an active Facebook, Twitter, and Instagram accounts as another way to keep patrons informed of upcoming performances and events. Currently, there are just under 5,000 patrons linked to the Band’s Facebook page.
The Band continues to grow even stronger musically. For each section within the Band, there is an active and growing waiting list of musicians seeking to join the Band when a vacancy arises. The Band is attracting highly talented musicians due to the reputation of success of the group.
For 2020, the Band will return as a feature guest performer for the City of Sugar Land’s annual Memorial Day Celebration in addition to a five concert season. The Lone Star Symphonic Band is shining brightly to the residents of the Katy and Houston areas, and we are looking to continue to enhance the lives of those around us for a long time to come!
Yours truly,
2
Lone Star Symphonic Band
ANNUAL REPORT Year Ended December 31, 2019
LISTING OF KEY PERSONNEL
MUSIC DIRECTOR
Robert Bryant
BOARD OF DIRECTORS
Officers
Dana Lopez President
Sandra Brunskill Vice President
Cathy Adams Secretary
Stephen Johnson Treasurer
Members At-Large
Mike Hernandez Bob Morales
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Lone Star Symphonic Band
ANNUAL REPORT Year Ended December 31, 2019
BAND HISTORY
The Lone Star Symphonic Band is an adult community organization comprised of volunteers from the greater Katy and Houston Metropolitan areas. The Band membership is composed of individuals from various walks of life and range in age from high school age up through the upper eighties. The Band is a diversified group of people who have a common tie that brings everyone together: a love to play music and perform music in the community.
The Band has performed numerous concerts throughout the Katy, Houston, and even San Antonio areas. Some of the notable performances by the Band include concerts at the Stafford Centre (2004, 2007), Sienna Plantation Amphitheatre (2001), NRG Stadium (2007, 2008), The Centrum (2008), the Kemah Boardwalk (2005), the Festival of Lights at Moody Gardens (2003), as well as many high school performing arts centers across the city. The Band is dedicated to providing quality performances for audiences located throughout the Katy and Houston areas. In 2015, the Band performed in San Antonio at the Texas Bandmasters Association’s annual convention and clinic.
The Band was originally formed in 1993 as the West Houston Concert Band under the direction of Tom Stuchbery. Over the course of its existence the Band has rehearsed at various churches and schools located throughout the Houston area in Katy, Alief, and Spring Branch. Previous conductors include Joe Williams, Terry Crummel, Dale Koran, Phillip Hatton, Ken Henderson, Robert McElroy, Jon Fisher, Steven Levenson, and Dr. Clancy Weeks.
In late November 2002 the West Houston Concert Band reorganized as the Lone Star Symphonic Band in an effort to reach out to a broader geographical range of listeners and patrons not just limited to the West Houston area.
The Band’s mission statement is as follows:
The Lone Star Symphonic Band offers the community quality performances of differing musical styles, balancing audience appeal with challenging literature for its members. We encourage lifelong opportunities and growth for skilled musicians of all ages. The Band is committed to providing a valuable contribution to the American Musical Experience.
From 2005 through 2011, the Lone Star Symphonic Band entered into a joint venture with Houston Community College – Spring Branch Campus whereby registered music students of the college would be able to sit in and play in the Band for course credit and fill needed sections. In return, the Band would be allowed to rehearse and perform concerts at the college auditorium.
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BAND HISTORY (continued)
In the Spring of 2007, the Band partnered with 5 other community bands as a founding member of the Houston Area Community Music Association. Membership in this association brought to the Band performances in the 1st and 2nd Annual Houston Area Community Music Festivals. The 2007 Festival was held at the Stafford Centre and the 2008 Festival was held at The Centrum. The 2007 and 2008 festivals featured a joint community band conducted by prominent band conductors Robert McElroy and Eugene Corporon, respectively.
In August 2007, the Band hired Mr. Bob Bryant as its 11th Music Director. Upon his arrival, Mr. Bryant brought longtime colleague and friend Mr. James Morris to serve as the Band’s announcer. Since that time in 2007, the Band has grown from about 50 musicians to over 75 and has seen attendance at performances surpass all-time highs.
Mr. Bryant received his Bachelor of Music Education Degree from Texas Tech University, Lubbock, Texas, where he studied with Mr. Dean Killion. He also received the Master of Music Education Degree from Texas Tech University under the tutelage of Mr. James Sudduth. Mr. Bryant has served as a member of the State Board for the Texas Music Educators Association, continues to serve as a member of state committees for TMEA and the Texas Music Administrators Conference. He has served two terms as a member of the Committee on Standards and Performance Practices for TMAA, and is a member of state University Interscholastic League and Texas Education Agency committees regarding music education and competition. He is an active member of the Texas Music Educators Association, Texas Bandmasters Association, National Band Association, Texas Music Adjudicators Association, Texas Music Administrators Conference, and the Phi Beta Mu – Alpha Chapter professional band fraternity. He also fulfills a busy schedule as a clinician and adjudicator throughout Texas and Louisiana.
In April of 2009, the Band, in partnership with the Woodlands Concert Band and Houston Concert Band, co-hosted and performed at the Association of Concert Band’s annual national convention in North Houston. The convention attracted musicians and community bands from all across the country and featured the convention band directed by renowned composer Robert Sheldon.
2012 proved to be a very successful year in the Band’s history. In the summer of 2012, the Band recorded its first CD that was initially sold later in the fall. Then just a few short months later in December of 2012, the Band was awarded the Sudler Silver Scroll by the John Phillip Sousa Foundation. This prestigious award is given annually to top community bands in the United States of America. The award was publicly presented at the Band’s concert in March of 2013 by Mr. Richard Crain.
In 2013, the Band produced a second CD for public distribution featuring selections related to the Christmas and Chanukah seasons.
5
BAND HISTORY (continued)
In late 2014, the Band was invited to perform at the Texas Bandmasters Association’s annual convention and clinic held in San Antonio in July of 2015. The performance was held in the Lila Cockrell Theater and was a part of the first annual “Community Band Day” featured with the convention. For this performance, the Band commissioned and premiered a new piece of music, “Asenet” written specifically for the Band by Mr. Gabe Musella. Also during this performance, the Band featured guest composers Mr. Richard Crain and renowned composer Mr. Mark Camphouse.
In August 2016, the Band began rehearsing and performing all concerts at Holy Covenant United Methodist Church in Katy, Texas. This move to a permanent location for both rehearsals and concerts has helped the Band to increase membership as well as solidify and grow the audience base within the Katy area to reach near-capacity and even sold out performances.
The 2017 - 2018 concert season reflected the Band’s 25th season. In celebration of this milestone event, the Band featured several prominent guest conductors at the performances. In October 2017 the Band was led by Richard Floyd from the Austin Symphonic Band. In March 2018, the Band was led by Gerald Guilbeaux from the Lafayette Concert Band and the Acadia Wind Symphony. At the May 2018 concert the Band featured Jim McDaniel of the Carrollton Wind Symphony. And for both the December 2017 and June 2018 performances the Band featured Richard Crain, former LSSB conductor and President of the Midwest Clinic. For the December 2017 performance, the Band received a Proclamation from Houston Mayor Sylvester Turner proclaiming December 10, 2017 as “Lone Star Symphonic Band Day” in the City of Houston.
6 Financials
This page has been intentionally left blank and is reserved for the independent auditor's report on the accompanying financial statements. The financial statements have not been audited.
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Lone Star Symphonic Band
STATEMENTS OF FINANCIAL POSITION December 31, 2019 and 2018 (Unaudited)
2019 2018 ASSETS
Cash and cash equivalents$ 82,344 $ 64,679
Accounts and contributions receivable - -
Prepaid expenses 200 -
Inventory 2,088 1,214
Total current assets 84,632 65,893
Property and equipment, net 15,805 18,341
TOTAL ASSETS$ 100,437 $ 84,234
LIABILITIES AND NET ASSETS
Liabilities Accounts payable$ 19 $ 16 Deferred revenues 8,264 7,387
Total liabilities 8,283 7,403
Net assets Without donor restrictions Unrestricted 89,465 75,468 With donor restrictions Purpose restrictions 2,689 1,363
Total net assets 92,154 76,831
TOTAL LIABILITIES AND NET ASSETS$ 100,437 $ 84,234
The accompanying notes are an integral part of these statements. 8
Lone Star Symphonic Band
STATEMENTS OF ACTIVITIES Years Ended December 31, 2019 and 2018 (Unaudited)
2019 2018
Change in net assets without donor restrictions Revenues Contributions$ 27,268 $ 17,494 Membership dues 3,750 4,000 Ticket sales 17,299 19,467 Program related sales 1,074 1,421 Advertising revenue 290 80 Interest and other revenue 13 13
Total revenues 49,694 42,475
Net assets released from restrictions - -
Total revenue, gains and other support 49,694 42,475
Expenses Program services expense Musical performances 30,656 32,996 Total program expenses 30,656 32,996
Supporting services expense Management and general 3,627 5,188 Fundraising and development 1,414 1,220 Total supporting services expenses 5,041 6,408
Total expenses 35,697 39,404
Increase (decrease) in net assets without donor restrictions 13,997 3,071
Change in net assets with donor restrictions Contributions 1,326 510 Net assets released from restrictions - -
Increase (decrease) in net assets with donor restrictions 1,326 510
Increase (decrease) in net assets 15,323 3,581
Net assets at beginning of year 76,831 73,250
Net assets at end of year$ 92,154 $ 76,831
The accompanying notes are an integral part of these statements. 9
Lone Star Symphonic Band
STATEMENT OF FUNCTIONAL EXPENSES Year Ended December 31, 2019 (Unaudited)
Program Services Supporting Services Musical Management Fundraising Total Performances and General and Development Total Expenses
Fees and dues$ 355 $ 129 $ 1,197 $ 1,326 $ 1,681 Contracted services 7,025 - - - 7,025 Rentals 110 214 - 214 324 Occupancy 11,404 1,256 - 1,256 12,660 Sheet music 1,282 - - - 1,282 Printing 6,255 142 - 142 6,397 Postage - - 167 167 167 Supplies 920 171 - 171 1,091 Travel - - - - - Utilities - 60 - 60 60 Insurance - 350 - 350 350 Advertising - - - - - Software and licenses - 1,305 50 1,355 1,355 Other - - - - - Depreciation and amortization 3,305 - - - 3,305
Total expenses$ 30,656 $ 3,627 $ 1,414 $ 5,041 $ 35,697
The accompanying notes are an integral part of these statements. 10
Lone Star Symphonic Band
STATEMENT OF FUNCTIONAL EXPENSES Year Ended December 31, 2018 (Unaudited)
Program Services Supporting Services Musical Management Fundraising Total Performances and General and Development Total Expenses
Fees and dues$ 430 $ 194 $ 1,169 $ 1,363 $ 1,793 Contracted services 7,602 - - - 7,602 Rentals - 190 - 190 190 Occupancy 11,331 1,386 - 1,386 12,717 Sheet music 1,420 - - - 1,420 Printing 6,206 562 - 562 6,768 Postage 40 4 51 55 95 Supplies 2,368 301 - 301 2,669 Travel 244 415 - 415 659 Utilities - 60 - 60 60 Insurance - 909 - 909 909 Advertising - - - - - Software and licenses - 1,167 - 1,167 1,167 Other - - - - - Depreciation and amortization 3,355 - - - 3,355
Total expenses$ 32,996 $ 5,188 $ 1,220 $ 6,408 $ 39,404
The accompanying notes are an integral part of these statements.
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Lone Star Symphonic Band
STATEMENTS OF CASH FLOWS Year Ended December 31, 2019 and 2018 (Unaudited)
2019 2018
Cash flows from operating activities: Increase (decrease) in net assets$ 15,323 $ 3,581 Adjustments to reconcile change in net assets to net cash provided by (used in) operating activities: Depreciation and amortization 3,305 3,355 (Gain) loss on disposition of property and equipment - - Changes in operating assets and liabilities: Decrease (increase) in accounts and contributions receivable - - Decrease (increase) in prepaid expenses (200) 280 Decrease (increase) in inventory (874) 204 Increase (decrease) in accounts payable 3 (5) Increase (decrease) in deferred revenues 877 313 Net cash provided by (used in) operating activities 18,434 7,728
Cash flows from investing activities: Purchases of property and equipment (769) - Proceeds from sale of property and equipment - -
Net cash provided by (used in) operating activities (769) -
Increase (decrease) in cash and cash equivalents 17,665 7,728
Cash and cash equivalents at beginning of year 64,679 56,951
Cash and cash equivalents at end of year$ 82,344 $ 64,679
The accompanying notes are an integral part of these statements.
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Lone Star Symphonic Band
NOTES TO FINANCIAL STATEMENTS December 31, 2019 and 2018 (Unaudited)
NOTE A – PRINCIPAL ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES
Nature of Operations
The Lone Star Symphonic Band (the Band) is a Texas not-for-profit corporation that was formed to provide opportunities for amateur musicians of all ages to perform concerts in the Katy and Houston Metropolitan area. The Band is primarily supported through donor contributions, ticket sales to performances, and annual dues paid by Band members.
Basis of Accounting
The financial statements have been prepared on the accrual basis of accounting in accordance with generally accepted accounting principles of the United States of America.
Cash and Cash Equivalents
Cash and cash equivalents consist of cash on hand or held in demand deposit accounts and highly liquid financial instruments purchased with an original maturity of three months or less.
Inventory
Inventory is comprised of program-related merchandise held for sale to members and the general public and is stated at the lower of cost or market and valued using the weighted average cost method. When inventory is determined to be excessive or obsolete, it is reduced by an allowance for estimated excess or obsolete inventory.
Net Assets
Net assets, gains and losses are classified based on the existence or absence of donor or grantor imposed restrictions. Accordingly, net assets and changes therein are classified and reported as follows:
Net Assets Without Donor Restrictions – Net assets available for use in the general operations and not subject to donor (or certain grantor) restrictions. The Board of Directors has not designated any balances from net assets without donor restrictions for the years presented.
Net Assets With Donor Restrictions – Net assets subject to donor- (or certain grantor-) imposed restrictions. Some donor-imposed restrictions are temporary in nature, such as those that will be met by the passage of time or other events specified by the donor. Other donor-imposed restrictions are perpetual in nature, where the donor stipulates that resources be maintained in perpetuity.
The Band reports contributions received by donors as increases in net assets without donor restrictions if the restrictions expire (that is, when a stipulated time restriction ends or purpose restriction is accomplished) in the reporting period in which the revenue is recognized. All other donor-restricted contributions are reported as increases in net assets with donor restrictions, depending on the nature of the restrictions. When a restriction expires, net assets with donor restrictions are reclassified to net assets without donor restrictions and reported in the statement of activities as net assets released from restrictions.
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Lone Star Symphonic Band
NOTES TO FINANCIAL STATEMENTS December 31, 2019 and 2018 (Unaudited)
NOTE A - PRINCIPAL ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES – Continued
Revenue Recognition
Revenue is recognized when earned. Program service revenues received in advance are deferred to the applicable period in which the related services are performed or expenses are incurred, respectively. Contributions are recognized when cash, securities or other assets, an unconditional promise to give, or notification of a beneficial interest is received. Conditional promises to give are not recognized until the conditions on which they depend have been substantially met.
Accounts and Contributions Receivable
The Band considers accounts and contributions receivable to be fully collectible; accordingly, no allowance for doubtful accounts is required. If amounts become uncollectible, they will be charged to operations when that determination is made.
Promises to Give - Pledges Receivable
Unconditional promises to give that are expected to be collected within one year are recorded at their realizable value. Unconditional promises to give that are expected to be collected in future years are recorded at the present value of estimated future cash flows as pledges receivable. The discounts on those amounts are computed using a risk-free interest rate applicable to the year in which the promise is received. Amortization of the discount is included in contribution revenue. Conditional promises to give are not included as support until such time as the conditions are substantially met.
Property and Equipment
Property and equipment is recorded at cost if purchased or, if donated, at fair market value at the date of the gift. Depreciation is computed using the straight-line method over estimated useful lives of the asset. Estimated useful lives are as follows:
Buildings and improvements 20-40 Years Musical Instruments 10 Years Other Equipment 10 Years Technology Equipment 5 Years
Individual items of property and equipment valued at less than $500 are charged to expense.
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Lone Star Symphonic Band
NOTES TO FINANCIAL STATEMENTS December 31, 2019 and 2018 (Unaudited)
NOTE A - PRINCIPAL ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES – Continued
Donated Materials and Services
Donated materials are included in the accompanying financial statements at their estimated fair value at the time of the donation and recorded as a contribution and expense.
Contribution of services are recognized when the services create or enhance nonfinancial assets or require a specialized skill which the Band would otherwise need to purchase if not provided by donation.
A number of volunteers, including the Board of Directors, have made significant contributions of time to the Band in the form of policy making, program, and support functions. The value of this contributed time is not reflected in these statements because it does not require a specialized skill or enhance a nonfinancial asset.
Advertising
The Band uses advertising to promote its programs to the public. The production costs of advertising and public relations are expensed as incurred.
Federal Income Taxes
The Band is a not-for-profit corporation that is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code.
Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.
Reclassifications
Certain reclassifications of amounts previously reported have been made to the accompanying financial statements to maintain consistency between periods presented. The reclassifications had no impact on previously reported net assets.
Change in Accounting Principle
On August 18, 2016 the Financial Accounting Standards Board issued Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958) – Presentation of Financial Statements of Not-for-Profit Entities. The update addresses the complexity and understandability of net asset classification, deficiencies in information about liquidity and availability of resources, and the lack of consistency in the type of information provided about expenses and investment return. The Band has implemented ASU 2016-14 and has adjusted the presentation of these financial statements accordingly.
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Lone Star Symphonic Band
NOTES TO FINANCIAL STATEMENTS December 31, 2019 and 2018 (Unaudited)
NOTE B – CASH AND CASH EQUIVALENTS
The Band currently has two demand accounts, one money market and short term Certificates of Deposit at an area financial institution. The balances are fully insured by the Federal Deposit Insurance Corporation.
Cash and cash equivalents consist of the following on December 31:
2019 2018
Undeposited Funds$ 2,217 $ 155 Demand Deposits 36,309 20,719 Certificates of Deposit 3,234 3,233 Money Market Account 40,584 40,572
$ 82,344 $ 64,679
The Certificates of Deposit (CD’s) bear interest rates at 0.03% and mature from one to three months. The CD’s have early withdrawal penalties, which the Band feels would not have a material effect on the financial statements.
NOTE C – CONCENTRATIONS OF CREDIT RISK
The Band places its cash and cash equivalents with high credit quality financial institutions. Deposits with these financial institutions may exceed the amount of insurance provided on such deposits during the year. The Band monitors the stability of these institutions to insure that the risk of loss of any uninsured amounts would be noted on a timely basis. The Band does not currently maintain a balance which exceeds the current FDIC insurance limit, and believes it is not exposed to any significant credit risk on cash and cash equivalents.
NOTE D – LIQUIDITY AND AVAILABILITY
Financial assets available for general expenditure, that is, without donor or other restrictions limiting their use, within one year of the balance sheet date, comprise the following:
Cash and cash equivalents$ 79,655 Accounts receivable - Contributions receivable - $ 79,655
As part of the liquidity management plan, the Band invests cash in excess of daily requirements in short-term investments, Certificates of Deposit and money market funds.
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Lone Star Symphonic Band
NOTES TO FINANCIAL STATEMENTS December 31, 2019 and 2018 (Unaudited)
NOTE E - PROPERTY AND EQUIPMENT
Property and equipment consist of the following at December 31:
2019 2018
Musical Instruments$ 29,983 $ 29,983 Furniture, Fixtures, & Equipment 3,309 2,540 Technology Equipment 947 947 34,239 33,470
Less accumulated depreciation (18,434) (15,129) Total Property and equipment (net)$ 15,805 $ 18,341
Depreciation expense was approximately $3,305 and $3,355 for the years ended December 31, 2019 and 2018, respectively.
NOTE F – NET ASSETS WITH DONOR RESTRICTIONS
Net assets with donor restrictions are restricted for the following purposes or periods:
2019 2018
Percussion Equipment$ 1,450 $ 1,250 Jon Fisher Memorial Scholarship 103 103 LSSB Big Band 371 - Building Project 765 10 $ 2,689 $ 1,363
Net assets were released from donor restrictions by incurring expenses satisfying the restricted purpose or by occurrence of the passage of time or other events specified by the donors as follows for the years ended December 31, 2019 and 2018:
2019 2018
Satisfaction of purpose restrictions: Percussion Equipment - - Jon Fisher Memorial Scholarship - - LSSB Big Band - - Building Project - - - -
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Lone Star Symphonic Band
NOTES TO FINANCIAL STATEMENTS December 31, 2019 and 2018 (Unaudited)
NOTE G – DONATED PROFESSIONAL SERVICES AND MATERIALS
The Band received donated professional services and materials as follows during the years ended December 31, 2019 and 2018:
Program Management Fundraising Services and General and Development Total
December 31, 2019 Fees and dues$ - $ - $ - $ - Sheet music 95 - - 95 Postage - - - - Supplies 354 - - 354 $ 449 $ ‐ $ ‐ $ 449
December 31, 2018 Fees and dues$ - $ - $ - $ - Sheet music - - - - Postage 40 - 1 41 Supplies 288 - - 288
$ 328 $ ‐ $ 1 $ 329
18 supplementary information
Lone Star Symphonic Band
SUPPLEMENTARY DATA
Listing of 2019 Performances
Sunday, March 3 What’s Up? Holy Covenant United Methodist Church Katy, Texas
Sunday May 5 Let’s See… Holy Covenant United Methodist Church Katy, Texas
Monday, May 27 City of Sugar Land Memorial Day Ceremony Sugar Land Memorial Park Sugar Land, Texas
Sunday, June 30 Our America, Our Home Holy Covenant United Methodist Church Katy, Texas
Sunday, October 6 The Bold and the Beautiful Holy Covenant United Methodist Church Katy, Texas
Sunday, December 15 ‘Tis the Season! Holy Covenant United Methodist Church Katy, Texas
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Lone Star Symphonic Band
SUPPLEMENTARY DATA
Listing of Donors by Category Year Ended December 31, 2019
Platinum Baton (donations of $5,000 or more) Chevron Ed & Genith Crawford
Golden Baton (donations of $2,500.00 to $4,999.99)
Silver Baton (donations of $1,000.00 to $2,499.99) City of Sugar Land Bob & Felice Bryant Gaylene Taylor Prosperity Bank Gene Lege
Conductor’s Circle (donations of $500.00 to $999.99) ConocoPhillips Levin & Atwood LLP Debra Clapp Enersight USA Rotary Club of Katy John Ryall First Methodist Church Katy Shell Oil Company Foundation
Soloist (donations of $100.00 to $499.99) Willie’s Grill & Icehouse Michael Edstrom Harry Schultz David Ammerman Gerald Edwards Reynold & Mary Veselka Beverly Buis Pierre French Steven Wagner Michael Chapman Mike & Meredith Hernandez Michael & Patricia Walker Ricky Cook Barbara Ledbetter Billie Wilbanks Richard Crain Karen Robertson
First Chair (donations of $1 to $99.99) Anonymous Donors (3) George Goff Michael Robinson Amazon Smile Robert & Kathy Grundy Elizabeth Strapulos Bright Funds Foundation Patricia Holmes Patti Sweet Kroger ShareCard Program Stephen Johnson Asha Vaidya Randall’s GoodNeighbor Pgm. Clifton Jameson Jones Dorothea Vanderstoep Stephen & Cathy Adams Brenda Kelling Celia Vasco Rhonda Barclay Dana Lopez Vicki Vorisek Margaret Barnette Denise McClelland Harold Warren Barry & Sandy Brunskill Helga Miller Patsy Wilkins Rony Castro Shirley Miller Wyatt Williams Barbara Elstad Virginia Miller Linda Wiseman Maria Florew Ed & Cecelia Peterson Suella York Carolyn Franks Mark Priest
In Kind Supporters . Aerodrome Ice Skating Complex Hasta La Pasta Picaboo Alley Theatre Houston Astros Pleasant Hill Winery Amy’s Ice Cream Houston Museum of Nat. Science Raising Canes Austin Aquarium Houston Rockets Rocky Mountain Chocolate Factory Black Bear Diner Houston Zoo Rudy’s Country Store & BBQ Black Walnut Café Howl at the Moon Houston San Antonio Museum of Art Blessington Farms Isle of Capri Casino Schlitterbahn Galveston BlueGreen Vacations Jimmy Changas SeaWorld Boomers Houston L’Auberge Casino Resort Shipley Do-Nuts Chick-fil-A LBJ Presidential Library Skydive Spaceland Children’s Museum of Houston McNay Art Museum Spec’s Chuy’s Meso Maya Sprinkles Cupcakes Dallas Symphony Orchestra Messina Hof Winery Taste of Texas Delta Downs Casino & Hotel Mister Car Wash The Axlerad Clinic Dessert Gallery Museum of Fine Arts Houston The Cheesecake Factory Dewberry Farm Nice Winery The Grand 1894 Opera House Epic Waters Indoor Water Park Natural Bridge Caverns The Ranch Harley Davidson Fogo de Chao NRH2O Water Park Tiffs Treats George Bush Presidential Library Perot Museum of Nature & Science Total Wine & More Gringo’s TexMex Perry’s Steakhouse Uberitto Guinness World Records Museum
The Lone Star Symphonic Band is a 501(c)(3) charitable organization. All donations to the Band may be fully tax deductible subject to IRS limitations.
The Lone Star Symphonic Band places the highest priority on protecting the privacy of our donors and holds all donor information in strict confidence. The band does not and will not sell or trade a donor’s personal information to any other entity. 20
Lone Star Symphonic Band
SUPPLEMENTARY DATA
Revenues by Source (Without Donor Restrictions) Year Ended December 31, 2019 and 2018 (Unaudited)
2019 2018 Revenues without donor restrictions Contributions $ 27,268 54.87% $ 17,494 41.19% Membership dues 3,750 7.55% 4,000 9.42% Ticket sales 17,299 34.81% 19,467 45.83% Program related sales 1,074 2.16% 1,421 3.34% Advertising revenue 290 0.58% 80 0.19% Interest and other revenue 13 0.03% 13 0.03%
Total revenues without donor restrictions $ 49,694 100.00% $ 42,475 100.00%
2019 Revenues By Source (without donor restrictions)
Program Advertising Related Sales Revenue Interest & Other
Ticket Sales Contributions
Membership Dues
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Lone Star Symphonic Band
SUPPLEMENTARY DATA
Expenses by Functional Classification Year Ended December 31, 2019 and 2018 (Unaudited)
2019 2018 Expenses Program $ 30,656 85.88% $ 32,996 83.74% Fundraising & development 1,414 3.96% 1,220 3.10% Management and general 3,627 10.16% 5,188 13.16%
Total expenses $ 35,697 100.00% $ 39,404 100.00%
2019 Operating Expenses By Functional Classification
Management & General Fundraising & Development
Program
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Lone Star Symphonic Band
SUPPLEMENTARY DATA
Expenses by Type Years Ended December 31, 2019 and 2018 (Unaudited)
2019 2018 Expenses Fees and dues $ 1,681 4.71% $ 1,793 4.55% Contracted services 7,025 19.68% 7,602 19.29% Rentals 324 0.91% 190 0.48% Occupancy 12,660 35.46% 12,717 32.27% Sheet music 1,282 3.59% 1,420 3.61% Printing 6,397 17.92% 6,768 17.18% Postage 167 0.47% 95 0.24% Supplies 1,091 3.05% 2,669 6.77% Travel - 0.00% 659 1.67% Utilities 60 0.17% 60 0.15% Insurance 350 0.98% 909 2.31% Software and licenses 1,355 3.80% 1,167 2.96% Depreciation 3,305 9.26% 3,355 8.52% Total expenses $ 35,697 100.00% $ 39,404 100.00%
Expenses by Type - Current Year vs. Prior Year 14,000
12,000
10,000
8,000
6,000
4,000
2,000
-
2019 2018
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Lone Star Symphonic Band
SUPPLEMENTARY DATA
Statement of Activities – Budget vs. Actual Year Ended December 31, 2019 (Unaudited)
Variance Favorable/ Actual as Budget Actual (Unfavorable) % of Budget
Revenues Unrestricted Contributions $ 15,879 $ 27,268 $ 11,389 171.72 % Membership dues 3,750 3,750 - 100.00 % Ticket sales 19,494 17,299 (2,195) 88.74 % Program related sales 1,100 1,074 (26) 97.64 % Advertising revenue 270 290 20 107.41 % Interest and other revenue 15 13 (2) 86.67 %
Total unrestricted revenues 40,508 49,694 9,186 122.68 %
Restricted Contributions 365 1,326 961 363.29 %
Total restricted revenues 365 1,326 961 363.29 %
Total revenues 40,873 51,020 10,147 124.83 %
Expenses Program Fees and dues 430 355 75 82.56 % Contracted services 7,075 7,025 50 99.29 % Rentals 110 110 - 100.00 % Occupancy 11,256 11,404 (148) 101.31 % Sheet music 2,250 1,282 968 56.98 % Printing 7,000 6,255 745 89.36 % Postage 100 - 100 - % Supplies 1,334 920 414 68.97 % Depreciation 3,305 3,305 - 100.00 % Total program 32,860 30,656 2,204 93.29 %
Management and general Fees and dues 220 129 91 58.64 % Rentals 214 214 - 100.00 % Occupancy 1,386 1,256 130 90.62 % Printing 600 142 458 23.67 % Postage 50 - 50 - % Supplies 339 171 168 50.44 % Travel 300 - 300 - % Utilities 60 60 - 100.00 % Insurance 359 350 9 97.49 % Software and licenses 1,410 1,305 105 92.55 % Total management and general 4,938 3,627 1,311 73.45 %
Fundraising Fees and dues 1,300 1,197 103 92.08 % Postage 225 167 58 74.22 % Software and licenses 50 50 - - % Total fundraising 1,575 1,414 161 89.78 %
Total expenses 39,373 35,697 3,676 90.66 %
Increase in net assets $ 1,500 $ 15,323 $ 13,823
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Lone Star Symphonic Band P.O. Box 498 Katy, Texas 77492
www.lssb.org