Baltimore Symphony Orchestra Inc

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.

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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Opus 3 Artists Llc
Conductors/guest Artists
$605,586
Ces Security Inc
Security
$171,128
Robert Bruce Moir
Artistic Planning Consultant
$107,774
Pro Video Group Llc
Video Engineer & Video/lights Vendor
$193,710
Arts Manager Llc
Consulting Services
$200,000
View All Vendors

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

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Baltimore Symphony Orchestra Inc has recieved totaling $151,100.

Awarding OrganizationAmount
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
View Grant Recipient Profile

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

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