Madison Symphony Orchestra Inc

Organization Overview

Madison Symphony Orchestra Inc is located in Madison, WI. The organization was established in 1953. 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, Madison Symphony Orchestra Inc employed 143 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison 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 06/2021, Madison Symphony Orchestra Inc generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $3.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SPONSOR, DEVELOP, AND PROMOTE PROGRAMS OF MUSICAL EXCELLENCE FOR THE PEOPLE OF MADISON AND THE SURROUNDING AREA, AND TO PROVIDE MUSIC EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUBSCRIPTION CONCERTS - PERFORMANCES IN ORDER TO PROMOTE MUSICAL EXCELLENCE IN THE COMMUNITY.


EDUCATIONAL CONCERTS PROVIDED FOR THE COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
John Demain
Music Director
$207,599
Ann Bowen
General Manager
$123,868
Casey Oelkers
Director Of Development
$117,325
Mike Hamerlik
Vice President
$0
Martha Casey
Secretary
$0
Lynn Stathas
Vice President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$10,780
Related organizations$0
Government grants $1,708,269
All other contributions, gifts, grants, and similar amounts not included above$2,015,041
Noncash contributions included in lines 1a–1f $156,607
Total Revenue from Contributions, Gifts, Grants & Similar$3,734,090
Total Program Service Revenue$18,659
Investment income $33,065
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $4,599
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,792,114

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Madison Symphony Orchestra Inc has recieved totaling $37,000.

Awarding OrganizationAmount
Irving And Dorothy Levy Family Foundation Inc

Madison, WI

PURPOSE: CIVIC AND COMMUNITY SERVICE

$25,000
Pyle Foundation

Madison, WI

PURPOSE: GENERAL SUPPORT

$10,000
Brown Assistance Fund Trust

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$30,557,251
Earnings-$2,950,901
Admin Expense$138,608
Net Contributions$362,445
Grants$253,754
Ending Balance$27,576,433

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