Baltimore Symphony Orchestra Inc
- Assets
- $16.0m
- Revenue
- $20.2m
- Investments
- $0.0
- Employees
- 433
- Location
- Baltimore, MD
- Founding
- 07/1944
- Data as of
- 08/2021
- EIN
- 52-0629696
Organization Overview
Baltimore Symphony Orchestra Inc is located in Baltimore, MD. The organization was established in 1944. 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 08/2021, Baltimore Symphony Orchestra Inc employed 433 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baltimore 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 08/2021, Baltimore Symphony Orchestra Inc generated $20.2m 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 (4.1%) each year. All expenses for the organization totaled $17.5m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING SYMPHONIC CONCERTS, CULTURAL AND EDUCATIONAL.
Describe the Organization's Program Activity:
PROVIDES SYMPHONIC CONCERTS, CULTURAL AND EDUCATION PRESENTATIONS, CULTURAL AND EDUCATIONAL RENTALS, BROADCASTING AND RECORDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Marin Alsop Music Director | 40 | $288,756 | |
Mr Edward Carney Concert Master | 40 | $204,741 | |
Mr Peter Kjome President And CEO | OfficerTrustee | 32 | $173,910 |
Ms Raquel Whiting-Gilmer Executive Director Orchkids | 40 | $157,335 | |
Ms Tonya Robles VP And COO | 40 | $149,198 | |
Ms Sarah Beckwith Vice President And CFO | Officer | 36 | $127,632 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Opus 3 Artists Llc Conductors/guest Artists | 8/30/21 | $605,586 |
Arts Manager Llc Consulting Services | 8/30/21 | $200,000 |
Pro Video Group Llc Video Engineer & Video/lights Vendor | 8/30/21 | $193,710 |
Ces Security Inc Security | 8/30/21 | $171,128 |
Robert Bruce Moir Artistic Planning Consultant | 8/30/21 | $107,774 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $694,461 |
| Related organizations | $3,449,210 |
| Government grants | $6,814,489 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,488,782 |
| Noncash contributions included in lines 1a–1f | $485,472 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,446,942 |
| Total Program Service Revenue | $1,490,538 |
| Investment income | $3,541 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$108,828 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$654,453 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,177,740 |
| 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. | $422,961 |
| Compensation of current officers, directors, key employees. | $211,481 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,474,183 |
| Pension plan accruals and contributions | $863,377 |
| Other employee benefits | $2,164,620 |
| Payroll taxes | $736,113 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,405 |
| Fees for services: Accounting | $42,260 |
| Fees for services: Lobbying | $12,997 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,366,648 |
| Advertising and promotion | $456,484 |
| Office expenses | $251,448 |
| Information technology | $245,753 |
| Royalties | $0 |
| Occupancy | $534,742 |
| Travel | $34,753 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,723 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $137,167 |
| Insurance | $168,435 |
| All other expenses | $0 |
| Total functional expenses | $17,546,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600 |
| Savings and temporary cash investments | $10,558,056 |
| Pledges and grants receivable | $2,050,321 |
| Accounts receivable, net | $634,366 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $824,051 |
| Net Land, buildings, and equipment | $480,044 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,486,357 |
| Total assets | $16,033,795 |
| Accounts payable and accrued expenses | $1,067,557 |
| Grants payable | $0 |
| Deferred revenue | $7,586,465 |
| 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 | $1,480,000 |
| Unsecured mortgages and notes payable | $2,000,000 |
| Other liabilities | $14,091,213 |
| Total liabilities | $26,225,235 |
| Net assets without donor restrictions | -$11,956,682 |
| Net assets with donor restrictions | $1,765,242 |
| 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 | $16,033,795 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Baltimore Symphony Orchestra Inc has recieved totaling $151,100.
| Awarding Organization | Amount |
|---|---|
Peggy & Yale Gordon Chcaritable Tr Towson, MD PURPOSE: ENDOWMENT FOR YOUNG ARTIST FUND | $50,000 |
The Huether Foundation Inc Phoenix, MD PURPOSE: UNRESTRICTED | $30,000 |
Peggy & Yale Gordon Chcaritable Tr Towson, MD PURPOSE: MUSIC PROGRAM | $25,000 |
Lockhart Vaughan Foundation Inc Baltimore, MD PURPOSE: EDUCATION: ORCHKIDS. SUPPORT COST-EFFECTIVE, SCHOOL-BASED AFTER-SCHOOL PROGRAMS. | $25,000 |
Peggy & Yale Gordon Chcaritable Tr Towson, MD PURPOSE: ORCHKIDS PROGRAM | $15,000 |
Charles A Buerger Foundation Inc Owings Mills, MD PURPOSE: PUBLIC ARTS SUPPORT | $2,500 |
Endowment Analysis
| Beg. Balance | $71,260,587 |
| Earnings | $15,396,000 |
| Admin Expense | $101,807 |
| Net Contributions | $947,859 |
| Other Expense | $687,229 |
| Grants | $3,449,210 |
| Ending Balance | $83,366,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philadelphia Orchestra Association Philadelphia, PA | $211,538,479 | $41,118,272 |
Pittsburgh Symphony Inc Pittsburgh, PA | $194,466,393 | $30,739,984 |
Baltimore Symphony Orchestra Inc Baltimore, MD | $16,033,795 | $20,177,740 |
Virginia Symphony Orchestra Norfolk, VA | $5,267,903 | $8,191,490 |
Richmond Symphony Richmond, VA | $2,392,826 | $8,372,945 |
National Philharmonic Orchestra & Chorale Of Mongomery County Inc North Bethesda, MD | $1,849,727 | $2,888,620 |
West Virginia Symphony Orchestra Inc Charleston, WV | $1,691,632 | $2,378,375 |
Harrisburg Symphony Association Harrisburg, PA | $13,261,535 | $3,046,479 |
Allentown Symphony Association Inc Allentown, PA | $15,521,853 | $2,408,487 |
Philadelphia Youth Orchestra Philadelphia, PA | $1,696,190 | $1,961,434 |
Reading Symphony Orchestra Assn Reading, PA | $2,131,744 | $1,809,021 |
Annapolis Symphony Orchestra Association Inc Annapolis, MD | $7,107,921 | $5,168,158 |