Kansas City Symphony
- Assets
- $64.8m
- Revenue
- $17.4m
- Investments
- $0.0
- Employees
- 261
- Location
- Kansas City, MO
- Founding
- 08/1983
- Data as of
- 06/2020
- EIN
- 43-1297475
Organization Overview
Kansas City Symphony is located in Kansas City, MO. The organization was established in 1983. 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 06/2021, Kansas City Symphony employed 261 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kansas City Symphony 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 06/2020, Kansas City Symphony generated $17.4m 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 (3.5%) each year. All expenses for the organization totaled $17.7m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE VISION OF THE KANSAS CITY SYMPHONY IS TO TRANSFORM HEARTS, MINDS AND COMMUNITIES THROUGH THE POWER OF SYMPHONIC MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Beckley Executive Director | OfficerTrustee | 50 | $271,246 |
Alex Shapiro Director Of Development | 40 | $129,773 | |
Rebecca Martin Director Of Artistic Operation | 40 | $101,452 | |
Sara Lohe Chief Financial Officer | Officer | 40 | $94,515 |
Michael Stern Music Director | Trustee | 8 | $90,064 |
Tk Dewitt Director | Trustee | 30 | $70,288 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thaumas Inc-fbo M Stern Conducting Services | 6/29/21 | $152,562 |
Kauffman Center For The Performing Facility & Catering | 6/29/21 | $275,585 |
Bennet Direct Telefunding | 6/29/21 | $205,836 |
Harvest Productions Sound And Lighting | 6/29/21 | $229,999 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000,221 |
| Investment income | $2,164,595 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $438 |
| Net Income from Fundraising Events | -$101,720 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,397,853 |
| Statement of Expenses | |
|---|---|
| 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. | $1,166,678 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,034,076 |
| Pension plan accruals and contributions | $656,815 |
| Other employee benefits | $1,619,665 |
| Payroll taxes | $743,890 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $97,161 |
| Fees for services: Accounting | $53,326 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $148,488 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,309,038 |
| Advertising and promotion | $737,976 |
| Office expenses | $825,592 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $337,146 |
| Travel | $296,089 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,736 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $121,671 |
| Insurance | $89,623 |
| All other expenses | $0 |
| Total functional expenses | $17,704,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,169,359 |
| Savings and temporary cash investments | $5,618,589 |
| Pledges and grants receivable | $4,596,071 |
| Accounts receivable, net | $149,504 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,944 |
| Prepaid expenses and deferred charges | $905,274 |
| Investments—publicly traded securities | $48,594,491 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $64,822,369 |
| Accounts payable and accrued expenses | $1,084,406 |
| Grants payable | $0 |
| Deferred revenue | $3,994,580 |
| 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 | $2,352,200 |
| Total liabilities | $7,431,186 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $57,391,183 |
Grants Recieved
Over the last fiscal year, we have identified 61 grants that Kansas City Symphony has recieved totaling $2,435,901.
| Awarding Organization | Amount |
|---|---|
Muriel Mcbrien Kauffman Foundation Kansas City, MO PURPOSE: GENERAL OPERATING SUPPORT FOR THE KANSAS CITY SYMPHONY 2021/2022 SEASON | $500,000 |
Jewish Community Foundation Of Greater Kansas City Overland Park, KS PURPOSE: General support | $336,806 |
Richard J Stern Foundation For The Arts Kansas City, MO PURPOSE: 2021/2022 SEASON SUPPORT | $285,000 |
G Kenneth And Ann Baum Philanthropic Fund Stillwell, KS PURPOSE: ARTS, CULTURE & HUMANITIES | $152,900 |
Hallmark Corporate Foundation Kansas City, MO PURPOSE: GENERAL PURPOSE | $115,000 |
Bebe & Crosby Kemper Foundation Tr 093097 Kansas City, MO PURPOSE: 2021-22 SEASON | $100,000 |
Endowment Analysis
| Beg. Balance | $47,033,983 |
| Earnings | $13,578,365 |
| Admin Expense | $65,592 |
| Net Contributions | $1,770,824 |
| Other Expense | $2,127,030 |
| Ending Balance | $60,190,550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Symphony Orchestra Chicago, IL | $576,700,123 | $109,905,535 |
Saint Louis Symphony Orchestra St Louis, MO | $77,659,859 | $61,304,520 |
Kansas City Symphony Kansas City, MO | $64,822,369 | $17,397,853 |
Saint Louis Symphony Endowment Trust Saint Louis, MO | $280,111,729 | $18,922,089 |
Nashville Symphony Association Nashville, TN | $100,031,908 | $12,366,678 |
The Louisville Orchestra Inc Louisville, KY | $7,756,568 | $11,516,592 |
Oklahoma Philharmonic Society Inc Oklahoma City, OK | $16,602,843 | $6,401,721 |
Omaha Symphony Association Omaha, NE | $71,026,158 | $5,852,032 |
Knoxville Symphony Society Inc Knoxville, TN | $1,484,079 | $3,960,669 |
Memphis Symphony Orchestra Inc Memphis, TN | $6,274,797 | $4,582,397 |
Tulsa Symphony Orchestra Inc Tulsa, OK | $3,114,616 | $2,041,644 |
Des Moines Symphony Association Des Moines, IA | $12,208,795 | $2,653,432 |