Chicago Symphony Orchestra
- Assets
- $530.9m
- Revenue
- $102.4m
- Investments
- $122.5m
- Employees
- 785
- Location
- Chicago, IL
- Founding
- 02/1927
- Data as of
- 06/2022
- EIN
- 36-2167823
Organization Overview
Chicago Symphony Orchestra is located in Chicago, IL. The organization was established in 1927. 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, Chicago Symphony Orchestra employed 785 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Symphony Orchestra 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 06/2022, Chicago Symphony Orchestra generated $102.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $75.1m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O - SUPPLEMENTAL INFORMATION.
Describe the Organization's Program Activity:
CHICAGO SYMPHONY ORCHESTRA CONCERTS - DURING THE 2021/22 SEASON, THE CHICAGO SYMPHONY ORCHESTRA PRESENTED 38 WEEKS OF CONCERTS. ZELL MUSIC DIRECTOR RICCARDO MUTI REUNITED WITH THE ORCHESTRA IN SEPTEMBER 2021 AND CONDUCTED 13 PROGRAMS AT SYMPHONY CENTER THROUGHOUT THE SEASON, AS WELL AS FREE COMMUNITY CONCERTS AT APOSTOLIC CHURCH OF GOD, MORTON EAST HIGH SCHOOL AND MILLENNIUM PARK. THE CSO GAVE THE WORLD PREMIERES OF WORKS BY MISSY MAZZOLI, JESSIE MONTGOMERY, MAGNUS LINDBERG AND GABRIELA LENA FRANK. OTHER HIGHLIGHTS INCLUDED THE CSO'S FIRST PERFORMANCES OF SYMPHONY NO. 3 BY 20TH-CENTURY AFRICAN AMERICAN COMPOSER FLORENCE PRICE AND SYMPHONY NO. 11 BY CONTEMPORARY AMERICAN COMPOSER PHILIP GLASS. THE CHICAGO SYMPHONY CHORUS JOINED THE ORCHESTRA FOR PERFORMANCES OF BEETHOVEN'S NINTH SYMPHONY, VERDI'S UN BALLO IN MASCHERA AND MORE.
SYMPHONY CENTER PRESENTS - THE CHICAGO SYMPHONY ORCHESTRA ASSOCIATION OFFERS CONCERTS BY ACCLAIMED GUEST ARTISTS IN THE FIELDS OF JAZZ, CLASSICAL, WORLD AND FOLK MUSIC AS PART OF THE SYMPHONY CENTER PRESENTS SERIES. TWENTY-EIGHT CONCERTS WERE PRESENTED DURING THE 2021/22 SEASON AND FEATURED ESTABLISHED ARTISTIC LEADERS AND RISING STARS. HIGHLIGHTS INCLUDED PIANISTS DANIIL TRIFONOV, YUJA WANG AND EVGENY KISSIN; A CHAMBER MUSIC TRIO FEATURING PIANIST EMANUEL AX, VIOLINIST LEONIDAS KAVAKOS AND CELLIST YO-YO MA; THE LATIN GRAMMY-WINNING QUINTETO ASTOR PIAZZOLLA; THE CELEBRATED MEN'S CHORUS CHANTICLEER; AND JAZZ ARTISTS INCLUDING HERBIE HANCOCK, THE JAZZ AT LINCOLN CENTER ORCHESTRA WITH WYNTON MARSALIS, DIANNE REEVES, DEE DEE BRIDGEWATER WITH PIANIST BILL CHARLAP, AND CECILE MCLORIN SALVANT.
CIVIC ORCHESTRA OF CHICAGO - THE CIVIC ORCHESTRA OF CHICAGO, THE CSO'S PRESTIGIOUS TRAINING PROGRAM FOR YOUNG PROFESSIONAL MUSICIANS, PRESENTED SEVEN FULL-ORCHESTRA CONCERTS, INCLUDING TWO AT COMMUNITY VENUES. LED BY PRINCIPAL CONDUCTOR KEN-DAVID MASUR AND GUEST CONDUCTORS, CIVIC PROGRAMS FEATURED ESTABLISHED MASTERPIECES ALONGSIDE WORKS FROM HISTORICALLY MARGINALIZED VOICES. DURING THE ANNUAL BACH MARATHON, ENSEMBLES OF CIVIC MUSICIANS PERFORMED BACH'S BRANDENBURG CONCERTOS AT ELEMENTARY SCHOOLS AND RETIREMENT COMMUNITIES THROUGHOUT CHICAGO, WITH A FINALE CONCERT AT FOURTH PRESBYTERIAN CHURCH. IN ADDITION TO THEIR REGULAR ACTIVITIES WITH THE CIVIC ORCHESTRA, 13 CIVIC FELLOWS PARTICIPATED IN EDUCATIONAL WORKSHOPS, PARTNERSHIPS WITH CHICAGO PUBLIC SCHOOLS, SONGWRITING SESSIONS AND INDEPENDENT PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Alexander President | OfficerTrustee | 40 | $529,441 |
Mary Louise Gorno Chair | OfficerTrustee | 2 | $0 |
Chester A Gougis Vice Chair | OfficerTrustee | 0.5 | $0 |
Steven Shebik Vice Chair | OfficerTrustee | 1 | $0 |
Helen Zell Vice Chair | OfficerTrustee | 1 | $0 |
Renee Metcalf Treasurer | OfficerTrustee | 0.6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Universal Security Services Security Services | 6/29/22 | $630,098 |
Allied Advertising Limited Partnership Marketing Print, Media Services | 6/29/22 | $460,919 |
Riccardo Muti Artist Performances | 6/29/22 | $490,153 |
Tessitura Network Inc Software Services | 6/29/22 | $379,191 |
Kimco Facility Services Janitorial Services | 6/29/22 | $400,232 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,655,857 |
| Related organizations | $0 |
| Government grants | $10,157,450 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,385,053 |
| Noncash contributions included in lines 1a–1f | $10,110,155 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,198,360 |
| Total Program Service Revenue | $20,795,204 |
| Investment income | $4,774,794 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$241,058 |
| Net Gain/Loss on Asset Sales | $14,734,273 |
| Net Income from Fundraising Events | -$30,808 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $201,332 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $102,432,097 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,950 |
| 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. | $1,850,626 |
| Compensation of current officers, directors, key employees. | $1,206,947 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,382,295 |
| Pension plan accruals and contributions | $2,638,269 |
| Other employee benefits | $5,461,051 |
| Payroll taxes | $2,578,593 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $263,567 |
| Fees for services: Accounting | $153,188 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $244,748 |
| Fees for services: Investment Management | $1,018,441 |
| Fees for services: Other | $6,757,908 |
| Advertising and promotion | $3,571,883 |
| Office expenses | $570,461 |
| Information technology | $534,533 |
| Royalties | $0 |
| Occupancy | $2,812,195 |
| Travel | $265,460 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,200 |
| Interest | $4,634,031 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,741,305 |
| Insurance | $316,396 |
| All other expenses | $487,504 |
| Total functional expenses | $75,080,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $386,930 |
| Savings and temporary cash investments | $12,925,325 |
| Pledges and grants receivable | $35,270,692 |
| Accounts receivable, net | $628,833 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $174,632 |
| Prepaid expenses and deferred charges | $1,169,675 |
| Net Land, buildings, and equipment | $74,868,263 |
| Investments—publicly traded securities | $282,706,781 |
| Investments—other securities | $122,511,913 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $247,112 |
| Total assets | $530,890,156 |
| Accounts payable and accrued expenses | $8,573,875 |
| Grants payable | $0 |
| Deferred revenue | $10,667,578 |
| Tax-exempt bond liabilities | $134,133,966 |
| 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 | $47,095,513 |
| Total liabilities | $200,470,932 |
| Net assets without donor restrictions | $91,849,204 |
| Net assets with donor restrictions | $238,570,020 |
| 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 | $530,890,156 |
Grants Awarded
Over the last fiscal year, Chicago Symphony Orchestra has awarded $16,797 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DEPAUL UNIVERSITY SCHOOL OF MUSIC PURPOSE: CIVIC ORCHESTRA FELLOWSHIPS FOR TWO RECIPIENTS.A SELECT NUMBER OF CIVIC ORCHESTRA REGULAR MEMBERS RECEIVE UP TO A $7,500 FELLOWSHIP, RATHER THAN A STIPEND, ANNUALLY THAT IS DISBURSED ON AN ANNUAL OR SEMESTER BASIS DIRECTLY TO THE ACADEMIC INSTITUTION THEY ARE ATTENDING. THIS IS PART OF A COOPERATIVE AGREEMENT BETWEEN THE CIVIC ORCHESTRA AND AREA SCHOOLS TO PROVIDE TWO YEARS OF TUITION-FREE GRADUATE STUDY. THE ACADEMIC INSTITUTION COVERS THE PORTION OF THE TUITION THAT THE $7,500 FROM THE CIVIC ORCHESTRA DOES NOT COVER. | $3,293 |
ST SABINA CHURCH PURPOSE: "CONCERT FOR PEACE", A NEGAUNEE MUSIC INSTITUTE PROGRAM, WAS PERFORMED ON 6.10.18 AT ST. SABINA CHURCH AS PART OF THE CSO'S ONGOING EFFORT TO DEEPEN ITS PRESENCE IN CHICAGO'S SOUTH SIDE COMMUNITIES. BUILT ON THE BELIEF THAT MUSIC PLAYS A VITAL ROLE IN ADDRESSING AND HELPING SOLVE THE SERIOUS ISSUES THAT CONFRONT OUR SOCIETY, THE CONCERT BROUGHT ATTENTION TO LOCAL PROGRAMS THAT REDUCE VIOLENCE IN CHICAGO'S STREETS. IT FEATURED INTERNATIONALLY ACCLAIMED CELLIST AND CSO JUDSON AND JOYCE GREEN CREATIVE CONSULTANT YO-YO MA; MUSICIANS FROM THE CHICAGO SYMPHONY ORCHESTRA AND CIVIC ORCHESTRA OF CHICAGO; CHICAGO CHILDREN'S CHOIR; SOPRANO TAKESHA KIZART; MEZZO-SOPRANO SARAH PONDER; AND THE ST. SABINA BAND. THE CONCERT ALSO FEATURED SONGS COMPOSED BY PARENTS IN ST. SABINA'S PURPOSE OVER PAIN PROGRAM, WHICH STRIVES TO PROMOTE HEALING FOR FAMILIES WHO HAVE BEEN VICTIMS OF VIOLENCE. THE CSO DONATED THE NET CONCERT TICKET REVENUE TO ST. SABINA'S ANTI-VIOLENCE AND STRONG FUTURES EMPLOYMENT PROGRAMS. | $13,504 |