Madison Symphony Orchestra Inc
- Assets
- $6.8m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 143
- Location
- Madison, WI
- Founding
- 08/1953
- Data as of
- 06/2021
- EIN
- 39-0839707
Organization Overview
Madison Symphony Orchestra Inc is located in Madison, WI. The organization was established in 1953. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Madison Symphony Orchestra Inc employed 143 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Symphony Orchestra 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 06/2021, Madison Symphony Orchestra Inc generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $3.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SPONSOR, DEVELOP, AND PROMOTE PROGRAMS OF MUSICAL EXCELLENCE FOR THE PEOPLE OF MADISON AND THE SURROUNDING AREA, AND TO PROVIDE MUSIC EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUBSCRIPTION CONCERTS - PERFORMANCES IN ORDER TO PROMOTE MUSICAL EXCELLENCE IN THE COMMUNITY.
EDUCATIONAL CONCERTS PROVIDED FOR THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Demain Music Director | Officer | 40 | $207,599 |
Ann Bowen General Manager | 40 | $123,868 | |
Casey Oelkers Director Of Development | Officer | 40 | $117,325 |
Mike Hamerlik Vice President | OfficerTrustee | 1 | $0 |
Martha Casey Secretary | OfficerTrustee | 1 | $0 |
Lynn Stathas Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,780 |
| Related organizations | $0 |
| Government grants | $1,708,269 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,015,041 |
| Noncash contributions included in lines 1a–1f | $156,607 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,734,090 |
| Total Program Service Revenue | $18,659 |
| Investment income | $33,065 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,599 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,792,114 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $453,492 |
| Compensation of current officers, directors, key employees. | $214,347 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,805,971 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $226,739 |
| Payroll taxes | $61,888 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,398 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $130,890 |
| Office expenses | $42,235 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $97,713 |
| Travel | $1,189 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,795 |
| Insurance | $0 |
| All other expenses | $87,946 |
| Total functional expenses | $3,217,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $717,577 |
| Savings and temporary cash investments | $1,507,852 |
| Pledges and grants receivable | $45,000 |
| Accounts receivable, net | $363,174 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $948 |
| Prepaid expenses and deferred charges | $62,132 |
| Net Land, buildings, and equipment | $241,263 |
| Investments—publicly traded securities | $1,993,151 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,875,977 |
| Total assets | $6,807,074 |
| Accounts payable and accrued expenses | $4,117 |
| Grants payable | $0 |
| Deferred revenue | $746,649 |
| 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 | $504,700 |
| Total liabilities | $1,255,466 |
| Net assets without donor restrictions | $4,700,968 |
| Net assets with donor restrictions | $850,640 |
| 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 | $6,807,074 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Madison Symphony Orchestra Inc has recieved totaling $37,000.
| Awarding Organization | Amount |
|---|---|
Irving And Dorothy Levy Family Foundation Inc Madison, WI PURPOSE: CIVIC AND COMMUNITY SERVICE | $25,000 |
Pyle Foundation Madison, WI PURPOSE: GENERAL SUPPORT | $10,000 |
Brown Assistance Fund Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $2,000 |
Endowment Analysis
| Beg. Balance | $30,557,251 |
| Earnings | -$2,950,901 |
| Admin Expense | $138,608 |
| Net Contributions | $362,445 |
| Grants | $253,754 |
| Ending Balance | $27,576,433 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee Symphony Orchestra Inc Milwaukee, WI | $122,941,209 | $33,243,126 |
Grand Rapids Symphony Society Grand Rapids, MI | $6,657,585 | $10,068,479 |
Saint Paul Chamber Orchestra Society St Paul, MN | $57,703,244 | $22,202,532 |
Kalamazoo Symphony Orchestra Kalamazoo, MI | $22,806,442 | $2,938,902 |
Madison Symphony Orchestra Inc Madison, WI | $6,807,074 | $3,792,114 |
Des Moines Symphony Association Des Moines, IA | $12,208,795 | $2,653,432 |
Milwaukee Youth Symphony Orchestra Inc Milwaukee, WI | $9,958,210 | $2,491,222 |
Elgin Symphony Orchestra Assoc Elgin, IL | $718,957 | $2,098,094 |
Quad City Symphony Orchestra Association Davenport, IA | $1,491,842 | $2,535,869 |
Wisconsin Chamber Orchestra Inc Madison, WI | $6,414,052 | $3,173,196 |
Chicago Youth Symphony Orchestras Chicago, IL | $1,118,972 | $1,807,296 |
Orchestra Iowa Inc Cedar Rapids, IA | $6,413,175 | $1,876,177 |