Lake Bonneville Symphonic Society
Lake Bonneville Symphonic Society maintains stable, lean operations with no executive compensation.
EIN: 202061030 · Brigham City, UT · NTEE: A69 · Updated: 2026-03-28
Is Lake Bonneville Symphonic Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lake Bonneville Symphonic Society directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lake Bonneville Symphonic Society
Lake Bonneville Symphonic Society (EIN: 202061030) is a nonprofit organization based in Brigham City, UT, classified under NTEE code A69. The organization reported total revenue of $54K and total assets of $13K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Bonneville Symphonic Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lake Bonneville Symphonic Society with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Lake Bonneville Symphonic Society allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating a volunteer-led organization, which is highly favorable for donors concerned about overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lake Bonneville Symphonic Society's IRS 990 filings:
- Limited asset reserves for future growth or emergencies
- Specific functional expense breakdown (program, admin, fundraising) not detailed in summary data
Strengths
The following positive indicators were identified for Lake Bonneville Symphonic Society:
- Consistent reporting of zero officer compensation
- No reported liabilities across all filing periods
- Expenses consistently align with revenue, indicating fiscal responsibility
- Stable financial operations over a long period (13 filings)
- High transparency through consistent IRS 990 filings
Frequently Asked Questions about Lake Bonneville Symphonic Society
Is Lake Bonneville Symphonic Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Bonneville Symphonic Society (EIN: 202061030) some concerns. Mission Score: 88/100. 2 red flags identified, 5 strengths noted.
How does Lake Bonneville Symphonic Society spend its money?
Lake Bonneville Symphonic Society directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lake Bonneville Symphonic Society tax-deductible?
Lake Bonneville Symphonic Society is registered as a tax-exempt nonprofit (EIN: 202061030). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Lake Bonneville Symphonic Society a good charity?
Based on the provided data, the Lake Bonneville Symphonic Society appears to be a well-managed, fiscally responsible organization. It operates with no liabilities, no officer compensation, and consistently uses its revenue for its stated purpose, making it a good charity from a financial perspective.
How does the organization manage its finances given its small size?
The organization manages its finances by operating very leanly, with expenses closely matching revenue and no reported liabilities. This suggests a pay-as-you-go model, relying on current income to cover operational costs without accumulating debt.
What is the trend in the organization's revenue and expenses?
Revenue and expenses have shown a general upward trend over the years, from around $26,000 in 201507 to $39,759 in 202407, indicating modest growth in activity and support. Expenses consistently track closely with revenue, demonstrating fiscal discipline.
Filing History
IRS 990 filing history for Lake Bonneville Symphonic Society showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Lake Bonneville Symphonic Society's revenue has grown by 99.9%, moving from $20K to $40K. Total assets increased by 155.2% over the same period, from $2K to $5K. Total functional expenses rose by 114.5%, from $18K to $39K. In its most recent filing year (2024), Lake Bonneville Symphonic Society reported a surplus of $327, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $40K | $39K | $5K | $0 | — | — |
| 2023 | $42K | $42K | $4K | $0 | — | View 990 |
| 2022 | $40K | $39K | $4K | $0 | — | — |
| 2021 | $26K | $30K | $3K | $0 | — | — |
| 2020 | $32K | $27K | $7K | $0 | — | View 990 |
| 2019 | $34K | $34K | $3K | $0 | — | View 990 |
| 2018 | $31K | $31K | $2K | $0 | — | View 990 |
| 2017 | $30K | $30K | $2K | $0 | — | View 990 |
| 2016 | $26K | $26K | $2K | $0 | — | View 990 |
| 2015 | $28K | $28K | $2K | $0 | — | View 990 |
| 2014 | $24K | $24K | $2K | $0 | — | View 990 |
| 2013 | $18K | $18K | $2K | $0 | — | View 990 |
| 2012 | $20K | $18K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $40K, expenses of $39K, and assets of $5K (revenue -4.6% year-over-year).
- 2023: Revenue of $42K, expenses of $42K, and assets of $4K (revenue +4.3% year-over-year).
- 2022: Revenue of $40K, expenses of $39K, and assets of $4K (revenue +53.1% year-over-year).
- 2021: Revenue of $26K, expenses of $30K, and assets of $3K (revenue -17.4% year-over-year).
- 2020: Revenue of $32K, expenses of $27K, and assets of $7K (revenue -7.9% year-over-year).
- 2019: Revenue of $34K, expenses of $34K, and assets of $3K (revenue +11.3% year-over-year).
- 2018: Revenue of $31K, expenses of $31K, and assets of $2K (revenue +2.6% year-over-year).
- 2017: Revenue of $30K, expenses of $30K, and assets of $2K (revenue +13.8% year-over-year).
- 2016: Revenue of $26K, expenses of $26K, and assets of $2K (revenue -4.4% year-over-year).
- 2015: Revenue of $28K, expenses of $28K, and assets of $2K (revenue +14.8% year-over-year).
- 2014: Revenue of $24K, expenses of $24K, and assets of $2K (revenue +35.4% year-over-year).
- 2013: Revenue of $18K, expenses of $18K, and assets of $2K (revenue -10.6% year-over-year).
- 2012: Revenue of $20K, expenses of $18K, and assets of $2K.
Data Sources and Methodology
This transparency report for Lake Bonneville Symphonic Society is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.