Music And Event Management Inc
- Assets
- $35.4m
- Revenue
- $66.9m
- Investments
- $0.0
- Employees
- 1,339
- Location
- Cincinnati, OH
- Founding
- 09/1993
- Data as of
- 08/2023
- EIN
- 31-1378179
Organization Overview
Music And Event Management Inc is located in Cincinnati, OH. The organization was established in 1993. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Music And Event Management Inc employed 1,339 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music And Event Management Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Music And Event Management Inc generated $66.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $67.1m during the year ending 08/2023. While expenses have increased by 9.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MUSIC AND EVENT MANAGEMENT, INC. (MEMI), A WHOLLY OWNED SUBSIDIARY OF THE CINCINNATI SYMPHONY ORCHESTRA (CSO), MANAGES AND OFFERS A DIVERSE ARRAY OF QUALITY PERFORMANCES AT RIVERBEND MUSIC CENTER, THE PNC PAVILION, AND THE TAFT THEATRE, AND ADDITIONALLY OFFERS PREFERRED SERVICES TO OTHER NON-PROFIT ORGANIZATIONS FOR FESTIVALS AND COMMUNITY EVENTS. MEMI SUPPORTS THE CSO'S MISSION TO ENHANCE THE CULTURAL VITALITY AND QUALITY OF LIFE IN THE GREATER CINCINNATI REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC AND EVENT MANAGEMENT, INC. (MEMI), A WHOLLY OWNED SUBSIDIARY OF THE CINCINNATI SYMPHONY ORCHESTRA (CSO), MANAGES AND OFFERS A DIVERSE ARRAY OF QUALITY PERFORMANCES AT RIVERBEND MUSIC CENTER, THE PNC PAVILION, ANDREW J. BRADY MUSIC CENTER AND THE TAFT THEATRE, AND ADDITIONALLY OFFERS PREFERRED SERVICES TO OTHER NON-PROFIT ORGANIZATIONS FOR FESTIVALS AND COMMUNITY EVENTS. MEMI SUPPORTS THE CSO'S MISSION TO ENHANCE THE CULTURAL VITALITY AND QUALITY OF LIFE IN THE GREATER CINCINNATI REGION.MEMI OFFERED 27 EVENTS AT RIVERBEND MUSIC CENTER WITH 276,392 IN ATTENDANCE, 18 EVENTS AT PNC PAVILION WITH 53,691 IN ATTENDANCE, 57 EVENTS AT ANDREW J. BRADY MUSIC CENTER WITH 150,207 IN ATTENDANCE, AND 91 EVENTS AT THE TAFT THEATRE WITH 140,635 IN ATTENDANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Smith Chief Executive Officer | OfficerTrustee | 45 | $658,255 |
Jonathan Martin President | OfficerTrustee | 5 | $70,167 |
Richard Freshwater Chief Financial Officer | OfficerTrustee | 15 | $63,862 |
Edward Morrell Chief Business Officer | 40 | $273,126 | |
Mathew Dunne Chief Operating Officer | 40 | $266,846 | |
Michele Ferrara Director Of Sponsorship Sales | 40 | $219,811 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Merch Traffic Llc Artist Merchandise Management | 8/30/23 | $1,014,459 |
Don J White - C&d Audio Audio Services | 8/30/23 | $945,295 |
Gratzi Catering Inc Catering | 8/30/23 | $773,672 |
Outback Presents Llc Artist Management | 8/30/23 | $734,341 |
Creative Artists Agency Llc Artist Management | 8/30/23 | $590,670 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $881,570 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,484,911 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,366,481 |
| Total Program Service Revenue | $52,768,385 |
| Investment income | $987,830 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,819,597 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,942,293 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,697,090 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $844,641 |
| Compensation of current officers, directors, key employees. | $471,320 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,308,236 |
| Pension plan accruals and contributions | $34,982 |
| Other employee benefits | $999,169 |
| Payroll taxes | $705,232 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,673 |
| Fees for services: Accounting | $25,112 |
| Fees for services: Lobbying | $61,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $366,243 |
| Advertising and promotion | $2,005,724 |
| Office expenses | $108,263 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,182,912 |
| Travel | $200,819 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $926,169 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $524,706 |
| Insurance | $519,566 |
| All other expenses | $777,363 |
| Total functional expenses | $67,078,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,294,588 |
| Savings and temporary cash investments | $23,685,694 |
| Pledges and grants receivable | $1,136,431 |
| Accounts receivable, net | $3,416,048 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,081 |
| Prepaid expenses and deferred charges | $1,218,281 |
| Net Land, buildings, and equipment | $454,484 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,125,211 |
| Total assets | $35,354,818 |
| Accounts payable and accrued expenses | $9,818,384 |
| Grants payable | $0 |
| Deferred revenue | $12,372,167 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,080,071 |
| Total liabilities | $23,270,622 |
| Net assets without donor restrictions | $12,084,196 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $35,354,818 |