University Musical Society
- Assets
- $42.2m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 12/1944
- Data as of
- 06/2022
- EIN
- 38-1545881
Organization Overview
University Musical Society is located in Ann Arbor, MI. The organization was established in 1944. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Musical Society 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, University Musical Society generated $9.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $8.8m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND ENRICH COMMUNITIES BY CONNECTING AUDIENCES IN UNCOMMON AND ENGAGING EXPERIENCES IN THE PERFORMING ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENT AND PRODUCE CONCERT PRODUCTIONS OF CLASSICAL CHAMBER MUSIC JAZZ DANCE THEATER WORLD AND OTHER MUSICAL EVENTS.
MAINTAIN A MULTI-FACETED MUSICAL EDUCATION AND AUDIENCE DEVELOPMENT PROGRAM WHICH SUPPORTS ACTIVITIES BY FOCUSING ON K-12 STUDENTS TEACHERS TEENS UNIVERSITY STUDENTS FAMILIES ADULTS AND CULTURAL AND ETHNIC COMMUNITIES. THIS PROGRAM EXPLORES THE WORLD OF PERFORMING ARTS TO DEEPEN THE UNDERSTANDING OF ARTISTS ART FORMS AND CULTURE BY TAKING ADVANTAGE OF THE MANY FREE RESIDENCIES MASTER CLASSES LECTURES ROUND-TABLE DISCUSSIONS NIGHT SCHOOL INTERVIEWS AND OPPORTUNITIES TO MEET ARTISTS.
MAINTAIN THE UNIVERSITY MUSICAL SOCIETY CHORUS TO PERFORM ANNUAL MESSIAH PRODUCTIONS AND ACT AS A CHORUS TO THE DETROIT SYMPHONY ORCHESTRA AND OTHER ORGANIZATIONS AS DEEMED NECESSARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Willen Board Vice Chair Board Member | OfficerTrustee | 0.5 | $0 |
Rachel Bendit Board Co-Chair Board Member | OfficerTrustee | 0.5 | $0 |
Rob Vanrenterghem Board Treasurer Board Member | OfficerTrustee | 0.5 | $0 |
Christina Kim Board Secretary Board Member | OfficerTrustee | 0.5 | $0 |
Lisa D Cook Board Co-Chair Board Member | OfficerTrustee | 0.5 | $0 |
Ryan Davis Officer | Officer | 50 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Graduate Ann Arbor Hotel | 6/29/22 | $192,658 |
Philadelphia Orchestra Association Concerts | 6/29/22 | $300,000 |
Phire Advertising And Design Llc Graphic Design | 6/29/22 | $184,807 |
University Lithoprinters Printing | 6/29/22 | $167,948 |
Wise Reagon Arts Concerts | 6/29/22 | $123,640 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,769,007 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,184,564 |
| Noncash contributions included in lines 1a–1f | $366,673 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,953,571 |
| Total Program Service Revenue | $1,252,681 |
| Investment income | $1,233,444 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,895,639 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $4,415,031 |
| Fees for services: Legal | $44,650 |
| Fees for services: Accounting | $55,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,799,751 |
| Advertising and promotion | $589,449 |
| Office expenses | $739,684 |
| Information technology | $107,981 |
| Royalties | $0 |
| Occupancy | $321,356 |
| Travel | $427,080 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $110,408 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,078 |
| Insurance | $34,949 |
| All other expenses | $0 |
| Total functional expenses | $8,755,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,082,052 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $478,182 |
| Accounts receivable, net | $44,226 |
| 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 | $339,058 |
| Net Land, buildings, and equipment | $113,704 |
| Investments—publicly traded securities | $38,170,171 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $42,227,393 |
| Accounts payable and accrued expenses | $1,203,043 |
| Grants payable | $0 |
| Deferred revenue | $714,631 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,917,674 |
| Net assets without donor restrictions | $11,947,526 |
| Net assets with donor restrictions | $28,362,193 |
| 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 | $42,227,393 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that University Musical Society has recieved totaling $782,169.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $111,900 |
Duffy Foundation Ann Arbor, MI PURPOSE: USE CONSISTENT W/501(C)(3) STATUS | $100,000 |
Ford Motor Co Fund Dearborn, MI PURPOSE: ARTS | $90,000 |
Ann Arbor Area Community Foundation Ann Arbor, MI PURPOSE: ARTS AND CULTURE | $85,729 |
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: BOOTH GRADUATE SCHOOL OF BUSINESS | $75,000 |
Montague Foundation Ann Arbor, MI PURPOSE: SUPPORT THE PERFORMING ARTS | $50,000 |
Endowment Analysis
| Beg. Balance | $34,686,792 |
| Earnings | $2,924,735 |
| Net Contributions | $1,703,525 |
| Other Expense | $1,144,881 |
| Ending Balance | $38,170,171 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Musical Society Ann Arbor, MI | $42,227,393 | $9,895,639 |
Flint And Genesee Chamber Foundation Flint, MI | $674,613 | $5,341,436 |
Sphinx Organization Inc Detroit, MI | $23,511,690 | $14,240,622 |
Detroit Jazz Festival Productions Inc Harper Woods, MI | $289,388 | $2,953,500 |
Detroit Jazz Festival Foundation Harper Woods, MI | $1,089,629 | $3,431,745 |
Irving S Gilmore International Keyboard Festival Kalamazoo, MI | $14,163,453 | $2,605,010 |
Percussive Arts Society Inc Indianapolis, IN | $5,047,679 | $2,367,696 |
Rainey Institute Cleveland, OH | $11,251,048 | $1,722,143 |
Musical Arts Assn Orch End Fd Brooklyn, OH | $16,962,824 | $1,881,945 |
St Cecilia Music Society Grand Rapids, MI | $7,058,689 | $2,105,798 |
Alive On The Lakeshore Muskegon, MI | $1,205,753 | $606,207 |
Great American Songbook Foundation Inc Carmel, IN | $8,944,393 | $1,441,715 |