Seattle Symphony Orchestra Inc
- Assets
- $18.9m
- Revenue
- $30.2m
- Investments
- $0.0
- Employees
- 389
- Location
- Seattle, WA
- Founding
- 06/1928
- Data as of
- 08/2020
- EIN
- 91-0667412
Organization Overview
Seattle Symphony Orchestra Inc is located in Seattle, WA. The organization was established in 1928. 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, Seattle Symphony Orchestra Inc employed 389 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seattle 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 08/2020, Seattle Symphony Orchestra Inc generated $30.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $28.9m during the year ending 08/2020. 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
SEATTLE SYMPHONY UNLEASHES THE POWER OF MUSIC, BRINGS PEOPLE TOGETHER, & LIFTS THE HUMAN SPIRIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SEATTLE SYMPHONY IS ONE OF AMERICA'S LEADING ORCHESTRAS, AND IS INTERNATIONALLY ACCLAIMED FOR ITS INNOVATIVE PROGRAMMING AND EXTENSIVE RECORDING HISTORY. THE COVID-19 PANDEMIC RESULTED IN THE CANCELLATION OF MOST OF SEATTLE SYMPHONY'S IN-PERSON SEPTEMBER-JULY CONCERTS. TO REACH AUDIENCES SAFELY, THE SYMPHONY LAUNCHED SEATTLE SYMPHONY LIVE, A DIGITAL BROADCASTING PLATFORM. HOWEVER, THE PLATFORM PROVIDED ONLY A FRACTION OF PRE-PANDEMIC CONCERT ATTENDANCE, REACHING ROUGHLY 3,500 HOUSEHOLDS EACH WEEK. THE SYMPHONY ALSO PROVIDED STREAMING SERVICES TO OTHER ARTISTIC ORGANIZATIONS AND COMMUNITY GROUPS EVENTS TAKING PLACE AT BENAROYA HALL.
WHILE THE COVID-19 PANDEMIC RESTRICTED ARTS EDUCATION PROGRAMMING, THE NEW STREAMING PLATFORM, SEATTLE SYMPHONY LIVE, HAS ENHANCED THE SYMPHONY'S EDUCATION AND COMMUNITY ENGAGEMENT OUTREACH, WITH ALL PROGRAMS FOR PUBLIC BENEFIT NOW PROVIDED DIGITALLY. CONSEQUENTLY, THERE HAS BEEN GROWTH IN THE GEOGRAPHIC REACH FOR THESE PROGRAMS, WITH FAMILIES, STUDENTS AND TEACHERS ACROSS THE STATE AND EVEN CANADA NOW PARTICIPATING IN THE LINK UP AND YOUNG COMPOSERS WORKSHOP PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Dausgaard Music Director | Officer | 40 | $339,466 |
Krishna Thiagarajan President & CEO | Officer | 33 | $304,172 |
Maria Yang V.P. Development | Officer | 29 | $170,026 |
Cheronne Wong Vice President & CFO | Officer | 25 | $159,294 |
Jennifer Adair V.P. & General Manager | 29 | $136,103 | |
Christine Wood V.P. Marketing & Communications | 29 | $118,821 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Geographic Society Artist Representation | 8/30/21 | $229,213 |
Cmit Solutions Of Seattle It Services | 8/30/21 | $199,022 |
Live Nation Artist Representation | 8/30/21 | $183,435 |
Sd&a Teleservices Inc Telemarketing | 8/30/21 | $268,258 |
Xcentium Web Development | 8/30/21 | $187,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,437,745 |
| Investment income | $165,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $78,829 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,543 |
| Net Income from Fundraising Events | -$157,501 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $39,113 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,239,580 |
| 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. | $654,386 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,022,865 |
| Pension plan accruals and contributions | $1,250,072 |
| Other employee benefits | $2,436,711 |
| Payroll taxes | $1,620,873 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $109,631 |
| Fees for services: Accounting | $59,413 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $15,775 |
| Fees for services: Investment Management | $1,892 |
| Fees for services: Other | $1,359,783 |
| Advertising and promotion | $1,300,787 |
| Office expenses | $472,319 |
| Information technology | $62,939 |
| Royalties | $0 |
| Occupancy | $97,921 |
| Travel | $283,823 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $300,395 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $311,286 |
| Insurance | $60,643 |
| All other expenses | $0 |
| Total functional expenses | $28,858,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $511,134 |
| Savings and temporary cash investments | $43,404 |
| Pledges and grants receivable | $4,350,877 |
| Accounts receivable, net | $203,157 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,081,527 |
| Inventories for sale or use | $233,412 |
| Prepaid expenses and deferred charges | $519,091 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,059,996 |
| Total assets | $18,857,224 |
| Accounts payable and accrued expenses | $1,325,179 |
| Grants payable | $0 |
| Deferred revenue | $4,963,537 |
| 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 | $4,311,391 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,543,577 |
| Total liabilities | $23,143,684 |
| 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 | -$4,286,460 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Seattle Symphony Orchestra Inc has recieved totaling $5,975.
| Awarding Organization | Amount |
|---|---|
Shanbrom Fam Foundation Ojai, CA PURPOSE: SUPPORT OF MUSIC PERFORMANCES | $5,000 |
Ehrlich Donnan Foundation Bainbridge Island, WA PURPOSE: GENERAL SUPPORT | $975 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seattle Symphony Orchestra Inc Seattle, WA | $18,857,224 | $30,239,580 |
Oregon Symphony Association Portland, OR | $27,740,551 | $13,773,397 |
Spokane Symphony Society Spokane, WA | $21,554,106 | $5,421,713 |
Eugene Symphony Association Inc Eugene, OR | $630,258 | $3,023,786 |
Boise Philharmonic Association Inc Boise, ID | $1,686,396 | $2,920,206 |
Seattle Symphony Foundation Seattle, WA | $45,740,973 | $2,180,352 |
Portland Youth Philharmonic Association Portland, OR | $5,269,398 | $1,550,813 |
Symphony Tacoma Tacoma, WA | $1,937,065 | $1,665,927 |
Portland Baroque Orchestra Portland, OR | $709,672 | $1,187,093 |
Metropolitan Youth Symphony Portland, OR | $1,134,069 | $1,228,572 |
Seattle Youth Symphony Orchestra Seattle, WA | $2,216,519 | $1,310,501 |
Bellevue Youth Symphony Orchestra Bellevue, WA | $708,416 | $694,146 |