Chicago Symphony Orchestra
- Assets
- $576.7m
- Revenue
- $109.9m
- Investments
- $125.2m
- Employees
- 927
- Location
- Chicago, IL
- Founding
- 02/1927
- Data as of
- 06/2021
- 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 06/2021, Chicago Symphony Orchestra employed 927 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 06/2021, Chicago Symphony Orchestra generated $109.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $47.2m during the year ending 06/2021. 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
SEE SCHEDULE O - SUPPLEMENTAL INFORMATION.
Describe the Organization's Program Activity:
CHICAGO SYMPHONY ORCHESTRA CONCERTS - TO HELP AUDIENCES STAY CONNECTED WITH MUSIC DURING THE PANDEMIC, THE CHICAGO SYMPHONY ORCHESTRA ASSOCIATION LAUNCHED A NEW STREAMING PLATFORM, CSOTV, IN FALL OF 2020. ANCHORING THE NEW DIGITAL CONTENT AVAILABLE ON CSOTV WAS THE CSO SESSIONS SERIES, CREATED WITH ARTISTIC GUIDANCE FROM ZELL MUSIC DIRECTOR RICCARDO MUTI AND FEATURING MUSICIANS OF THE CSO PERFORMING IN CHAMBER ENSEMBLES. BEAUTIFULLY FILMED IN ORCHESTRA HALL, EACH OF THE 22 EPISODES THAT PREMIERED IN THE 2020/21 SEASON PROVIDED PATRONS A FRONT-ROW SEAT TO THE ARTISTRY OF CSO MUSICIANS. ON MAY 27, 2021, THE CSO RETURNED TO ORCHESTRA HALL FOR ITS FIRST PERFORMANCES FOR AUDIENCES SINCE MARCH 2020. THREE WEEKS OF CONCERTS CLOSED THE SEASON WITH A JOYFUL REUNION BETWEEN MUSICIANS AND AUDIENCES.
CIVIC ORCHESTRA OF CHICAGO - IN THE 2020/21 SEASON, MEMBERS OF THE CIVIC ORCHESTRA OF CHICAGO - THE CSO'S PRESTIGIOUS ENSEMBLE FOR EARLY-CAREER MUSICIANS - PERFORMED MUSIC BY DIVERSE COMPOSERS FROM THE 18TH TO 21ST CENTURIES IN SIX CONCERTS FILMED FOR STREAMING ON CSOTV. CIVIC MUSICIANS ALSO CONTINUED THEIR TRAINING REMOTELY THROUGH STUDIO CLASSES WITH CSO MUSICIANS, A VARIETY OF PROFESSIONAL DEVELOPMENT WORKSHOPS AND A MOCK AUDITION INTENSIVE. THE CIVIC FELLOWS, A GROUP OF NINE CIVIC MUSICIANS, ENGAGED IN ADDITIONAL PROFESSIONAL DEVELOPMENT ACTIVITIES, INCLUDING CURATING TWO PROGRAMS OF CONTEMPORARY MUSIC FOR CSOTV, ONE OF WHICH FEATURED WORKS SELECTED THROUGH A GLOBAL CALL FOR SCORES THAT GARNERED MORE THAN 200 SUBMISSIONS.
EDUCATION CONCERTS AND ACTIVITIES - ACROSS CHICAGO AND AROUND THE WORLD, THE NEGAUNEE MUSIC INSTITUTE (NMI) CONNECTS PEOPLE TO THE EXTRAORDINARY RESOURCES OF THE CHICAGO SYMPHONY ORCHESTRA. IN THE 2020/21 SEASON, THE NMI PRESENTED OUTDOOR CONCERTS FOR RESIDENTS OF SENIOR CENTERS AND HEALTHCARE WORKERS. IT ALSO PROVIDED VIRTUAL RESOURCES FOR STUDENTS, TEACHERS, FAMILIES AND COMMUNITY MEMBERS, INCLUDING EDUCATIONAL VIDEOS THAT WERE MADE AVAILABLE FOR FREE ON CSOTV. IN ADDITION, RICCARDO MUTI LED A VIRTUAL MASTER CLASS FOR YOUNG MUSICIANS FROM THE CHICAGO MUSICAL PATHWAYS INITIATIVE. THE BREADTH OF THE NMI'S OFFERINGS AND IMPACT WERE SYNTHESIZED IN A SHOWCASE VIDEO FEATURING MUSICIANS FROM THE PERCUSSION SCHOLARSHIP PROGRAM, CIVIC ORCHESTRA OF CHICAGO, CHICAGO MUSICAL PATHWAYS INITIATIVE AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Riccardo Muti Music Director | 40 | $1,115,293 | |
Jeff Alexander President | OfficerTrustee | 40 | $513,036 |
Robert Chen Concertmaster | 40 | $358,007 | |
Dale Hedding VP For Development | Officer | 40 | $269,031 |
Stacie M Frank Assistant Treasurer | Officer | 40 | $227,500 |
Stephen Williamson Principal Clarinet | 40 | $226,805 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Universal Security Services Security Services | 6/29/21 | $652,259 |
Riccardo Muti Artist Performances | 6/29/21 | $1,843,136 |
Kimco Janitorial Services | 6/29/21 | $377,552 |
Capacity Interactive Consulting Llc Digital Marketing Consultant | 6/29/21 | $509,065 |
Dcm Inc Telemarketing And Telefundraising | 6/29/21 | $512,612 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $702,254 |
| Related organizations | $0 |
| Government grants | $128,315 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,386,364 |
| Noncash contributions included in lines 1a–1f | $17,042,624 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,216,933 |
| Total Program Service Revenue | $823,352 |
| Investment income | $4,103,490 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$62,766 |
| Net Gain/Loss on Asset Sales | $55,655,631 |
| Net Income from Fundraising Events | $82,651 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $86,244 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $109,905,535 |
| 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. | $1,368,557 |
| Compensation of current officers, directors, key employees. | $849,945 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,351,151 |
| Pension plan accruals and contributions | $2,893,245 |
| Other employee benefits | $4,258,076 |
| Payroll taxes | $1,629,337 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $78,712 |
| Fees for services: Accounting | $110,767 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $309,783 |
| Fees for services: Investment Management | $1,388,139 |
| Fees for services: Other | $1,788,946 |
| Advertising and promotion | $1,310,702 |
| Office expenses | $440,665 |
| Information technology | $493,018 |
| Royalties | $0 |
| Occupancy | $2,111,518 |
| Travel | $17,759 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,448 |
| Interest | $4,585,135 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,915,702 |
| Insurance | $266,464 |
| All other expenses | $231,408 |
| Total functional expenses | $47,205,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $720,231 |
| Savings and temporary cash investments | $5,736,354 |
| Pledges and grants receivable | $27,583,572 |
| Accounts receivable, net | $701,138 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $214,092 |
| Prepaid expenses and deferred charges | $1,118,139 |
| Net Land, buildings, and equipment | $78,004,138 |
| Investments—publicly traded securities | $337,162,823 |
| Investments—other securities | $125,201,311 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $258,325 |
| Total assets | $576,700,123 |
| Accounts payable and accrued expenses | $14,187,971 |
| Grants payable | $0 |
| Deferred revenue | $1,157,560 |
| Tax-exempt bond liabilities | $136,394,553 |
| 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 | $1,000,000 |
| Other liabilities | $75,305,194 |
| Total liabilities | $228,045,278 |
| Net assets without donor restrictions | $109,369,054 |
| Net assets with donor restrictions | $239,285,791 |
| 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 | $576,700,123 |
Grants Awarded
Over the last fiscal year, Chicago Symphony Orchestra has awarded $16,797 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL 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 |
Chicago, IL 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 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Chicago Symphony Orchestra has recieved totaling $37,350.
| Awarding Organization | Amount |
|---|---|
Osprey Foundation Chicago, IL PURPOSE: FURTHER EXEMPT PURPOSE | $10,000 |
Dr Petra And Owen Rissman Foundation Chicago, IL PURPOSE: GENERAL OPERATIONS | $10,000 |
Benck Family Foundation Naperville, IL PURPOSE: GENERAL | $10,000 |
Allyn Foundation Incorporated A Delaware Corp Hinsdale, IL PURPOSE: MUSIC PROGRAMS | $5,000 |
Schultz Family Private Foundation Lake Bluff, IL PURPOSE: GENERAL FUND | $1,500 |
The Barr Fund Chicago, IL PURPOSE: GENERAL FUND | $500 |
Endowment Analysis
| Beg. Balance | $309,653,000 |
| Earnings | $93,768,000 |
| Net Contributions | $15,890,000 |
| Other Expense | $16,036,000 |
| Ending Balance | $403,275,000 |
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 |
Milwaukee Symphony Orchestra Inc Milwaukee, WI | $122,941,209 | $33,243,126 |
Saint Louis Symphony Endowment Trust Saint Louis, MO | $280,111,729 | $18,922,089 |
Indiana Symphony Society Inc Indianapolis, IN | $13,063,766 | $26,550,940 |
The Louisville Orchestra Inc Louisville, KY | $7,756,568 | $11,516,592 |
Fort Wayne Philharmonic Orchestra Inc Fort Wayne, IN | $27,926,694 | $5,947,084 |
Madison Symphony Orchestra Inc Madison, WI | $6,807,074 | $3,792,114 |
Des Moines Symphony Association Des Moines, IA | $12,208,795 | $2,653,432 |
Milwaukee Youth Symphony Orchestra Inc Milwaukee, WI | $9,958,210 | $2,491,222 |
Elgin Symphony Orchestra Assoc Elgin, IL | $718,957 | $2,098,094 |