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. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.2% 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 |
|---|---|---|---|
Robert Matthew Vanbesien Officer | Officer | 60 | $0 |
Ryan Davis Officer | Officer | 50 | $0 |
Cayenne Harris Officer | Officer | 50 | $0 |
Carmen Rodriguez Officer | Officer | 60 | $0 |
Michael J Kondziolka Officer | Officer | 50 | $0 |
Sara J Billmann Officer | Officer | 50 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Philadelphia Orchestra Association Concerts | 6/29/22 | $300,000 |
Graduate Ann Arbor Hotel | 6/29/22 | $192,658 |
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 | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,953,571 |
| 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 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 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 |
| 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 |
| Total liabilities and net assets/fund balances | $40,309,719 |