Madison Symphony Orchestra Inc
- Assets
- $6.8m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 205
- Location
- Madison, WI
- Founding
- 08/1953
- Data as of
- 06/2021
- EIN
- 39-0839707
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 06/2023, Madison Symphony Orchestra Inc employed 205 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. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) 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 (4.3%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SPONSOR, DEVELOP, AND PROMOTE PROGRAMS OF MUSICAL EXCELLENCE FOR THE PEOPLE OF THE MADISON AND THE SURROUNDING AREA, AND TO PROVIDE MUSIC EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUBSCRIPTION CONCERTS - 24 PERFORMANCES IN ORDER TO PROMOTE MUSICAL EXCELLENCE IN THE COMMUNITY WITH 26,704 CONCERT ATTENDEES FOR THE YEAR ENDING 06/30/2023.
EDUCATIONAL CONCERTS PROVIDED FOR THE COMMUNITY. FOR THE YEAR ENDING 06/30/2023, THERE WERE 8 FULL ORCHESTRA CONCERTS AND 150 SMALL ENSEMBLE CONCERTS. EDUCATIONAL PROGRAMS HAVE A WIDE RANGE OF AUDIENCES. SYMPHONY SOUP: SYMPHONY SOUP IS A SPECIAL WAY FOR STUDENTS IN KINDERGARTEN THROUGH THIRD GRADE TO LEARN ABOUT CLASSICAL MUSIC THROUGH THE EXPERIENCE OF A LIVE SYMPHONY CONCERT. SYMPHONY SOUP CONVEYS THE WAY INGREDIENTS, SPICES, AND FLAVORS COMBINE IN A DELICIOUS BOWL OF SOUP, JUST AS MUSICAL INSTRUMENTS COME TOGETHER TO CREATE BEAUTIFUL MUSIC THAT CAN LIFT AND REFRESH THE SOUL. LINK UP: LINK UP IS A MUSIC EDUCATION PROGRAM CREATED BY CARNEGIE HALL'S WEILL MUSIC INSTITUTE THAT GIVES STUDENTS IN GRADES 3-5 THE OPPORTUNITY TO EXPLORE MUSIC THROUGH A YEARLONG CURRICULUM OF CLASSROOM ACTIVITIES DURING WHICH THEY LEARN TO PLAY THE SOPRANO RECORDER. A CULMINATING CONCERT BRINGS THE STUDENTS INTO OVERTURE'S CAPITOL THEATER TO PERFORM WITH THE MSO! FALL YOUTH CONCERTS: JOIN US TO EXPERIENCE THE FASCINATING INTERPLAY OF LIVE MUSIC AND REAL-TIME ILLUSTRATIONS DURING STRAVINSKY'S THE FIREBIRD, FEATURING LOCAL ARTIST AND PROFESSIONAL ILLUSTRATOR T.L. LUKE WITH NARRATION BY SPECIAL GUEST LINDA VAKUNTA, DEPUTY MAYOR OF THE CITY OF MADISON. YOUNG PEOPLE'S CONCERTS: THE MSO'S SPRING YOUNG PEOPLE'S CONCERT IS OPEN TO AND DESIGNED FOR STUDENTS IN MIDDLE AND HIGH SCHOOL. CONCERT PREP MATERIALS APPROPRIATE FOR EACH AGE GROUP WILL BE DESIGNED AND MADE AVAILABLE TO ALL TEACHERS ON THE MADISON SYMPHONY ORCHESTRA'S WEBSITE. UP CLOSE AND MUSICAL: UP CLOSE AND MUSICAL BRINGS THE POWER AND BEAUTY OF CLASSICAL MUSIC INTO THE CLASSROOMS OF ELEMENTARY SCHOOLS THROUGHOUT DANE COUNTY. THE CURRICULUM IS GUIDED BY THE COMPREHENSIVE MUSICIANSHIP THROUGH PERFORMANCE MODEL AND ACADEMIC STANDARDS FOR MUSIC, BRINGING THE HUNT QUARTET INTO ELEMENTARY SCHOOLS FOUR TIMES EACH YEAR. SCHOOL VISITS TAKE PLACE IN OCTOBER, NOVEMBER, MARCH, & APRIL. INDIVIDUAL QUARTET MEMBERS VISIT SEPARATE CLASSROOMS TO CONDUCT EXCITING AND INTERACTIVE LESSONS THAT SEND STUDENTS ON A HUNT FOR THE CONCEPTS OF MELODY, RHYTHM, EXPRESSION, AND FORM TUNE UP FOR THE CONCERTS PRE-CONCERT TALKS FOR ADULTS! PRELUDE DISCUSSIONS ENRICH THE CONCERT EXPERIENCE WITH INSIGHTS INTO THE MUSIC AND THE LIVES OF THE COMPOSERS. STEP INTO THE HUSHED AND INTIMATE ATMOSPHERE OF OVERTURE HALL WITH JUST A HANDFUL OF OTHER MUSIC LOVERS FOR A CONVERSATION WITH THE MAESTRO, GUEST CONDUCTOR, OR EVEN ON RARE OCCASIONS THE COMPOSER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Demain Music Director | Officer | 40 | $242,790 |
Ann Bowen General Manager | 40 | $116,723 | |
Casey Oelkers Director Of Development | Officer | 40 | $114,998 |
Robert Reed Executive Director | Officer | 40 | $114,889 |
Ellsworth Brown President | OfficerTrustee | 1 | $0 |
Lynn Stathas Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,734,090 |
| 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 |
| 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. | $453,492 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,805,971 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $226,739 |
| Payroll taxes | $61,888 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,398 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $130,890 |
| Office expenses | $42,235 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $97,713 |
| Travel | $1,189 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,795 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,217,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $717,577 |
| Savings and temporary cash investments | $1,507,852 |
| Pledges and grants receivable | $45,000 |
| Accounts receivable, net | $363,174 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $948 |
| Prepaid expenses and deferred charges | $62,132 |
| Investments—publicly traded securities | $1,993,151 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,875,977 |
| Total assets | $6,807,074 |
| Accounts payable and accrued expenses | $4,117 |
| Grants payable | $0 |
| Deferred revenue | $746,649 |
| 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 | $504,700 |
| Total liabilities | $1,255,466 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $5,551,608 |