Milwaukee Symphony Orchestra Inc
- Assets
- $124.2m
- Revenue
- $18.5m
- Investments
- $0.0
- Employees
- 389
- Location
- Milwaukee, WI
- Founding
- 08/1959
- Data as of
- 08/2023
- EIN
- 39-6023436
Organization Overview
Milwaukee Symphony Orchestra Inc is located in Milwaukee, WI. The organization was established in 1959. 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 08/2023, Milwaukee Symphony Orchestra Inc employed 389 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milwaukee 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 08/2023, Milwaukee Symphony Orchestra Inc generated $18.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $23.3m during the year ending 08/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESENT PERFORMANCES THAT CULTIVATE AN APPRECIATION FOR THE ART OF MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MILWAUKEE SYMPHONY ORCHESTRA IS AMONG THE FINEST ORCHESTRAS IN THE NATION AND THE LARGEST CULTURAL ORGANIZATION IN WISCONSIN. SINCE ITS INCEPTION IN 1959, THE MSO HAS RECEIVED CRITICAL ACCLAIM FOR ARTISTIC EXCELLENCE. IN ADDITION TO MAKING A $44.3 MILLION ECONOMIC IMPACT IN THE MILWAUKEE METROPOLITAN AREA AND INFUSING $90 MILLION INTO WEST WISCONSIN AVENUE WHEN WE RESTORED THE WARNER GRAND THEATER, THE 70 FULL-TIME PROFESSIONAL MUSICIANS IN THE SYMPHONY PERFORM MORE THAN 135 CONCERTS EACH SEASON FOR OVER 200,000 PATRONS.
EDUCATION IS INTEGRAL TO THE MISSION OF THE MILWAUKEE SYMPHONY ORCHESTRA AND COMPRISES TWO MAIN COMPONENTS: K-12 IN-SCHOOL AND EDUCATION PROGRAMS THAT ADDRESS THE NEED FOR INTEGRATED, HIGH-QUALITY ARTS EDUCATION IN THE PUBLIC SCHOOLS AND TRAINING OF YOUNG PROFESSIONAL MUSICIANS THROUGH PROGRAMS SUCH AS STARS OF TOMORROW CONCERTS AND SIDE-BY-SIDE COMPETITION, AND THE WISCONSIN YOUTH PIANO COMPETITION. THE K-12 EDUCATION PROGRAMS OF THE MSO NOT ONLY PROVIDE ACCESS TO THE ARTS FOR UNDERSERVED STUDENTS AND FAMILIES, THEY ALSO ADDRESS THE NEED FOR INTEGRATED HIGH-QUALITY ARTS EXPOSURE AND EDUCATION IN THE PUBLIC SCHOOLS AS REQUIRED BY THE WISCONSIN DEPARTMENT OF EDUCATION. THESE INITIATIVES CURRENTLY SERVE MORE THAN 30,000 STUDENTS AND HUNDREDS OF TEACHERS STATEWIDE, AND ARE DEVELOPED IN CONFORMITY WITH THE NATIONAL STANDARDS FOR ARTS EDUCATION AND THE WISCONSIN COMMON CORE STANDARDS. THE MSO CONTINUES TO ADAPT ITS EXISTING PROGRAMS AND DEVELOP NEW PROGRAMS THAT SUPPORT EDUCATION REFORM IN WISCONSIN. THIS EFFORT HAS BECOME EVEN MORE CRITICAL AS PROGRAMS IN THE ARTS HAVE BEEN DECIMATED BY DEEP CUTS TO THE EDUCATION BUDGET OF THE STATE. THE MSO OFFERED TWO CONCERTS IN 2023 THAT REACHED 70,000 STUDENTS ALL AROUND THE STATE AND BEYOND, AND 20 ACE VIDEOS THAT REACHED OVER 6,000 STUDENTS AT 30 SCHOOLS IN THE 2022-2023 SEASON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Niehaus President & Executive Director | OfficerTrustee | 40 | $381,635 |
Ken Masur Music Director | Trustee | 40 | $292,290 |
Susan Martin Board Chairman | OfficerTrustee | 10 | $0 |
Andy Nunemaker Immediate Past Chair | OfficerTrustee | 10 | $0 |
David Uihlein Honorary Co-Chair | OfficerTrustee | 1 | $0 |
Julie Uihlein Honorary Co-Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Opus 3 Artists Llc Guest Artists | 8/30/23 | $256,141 |
Ssg Properties Rent | 8/30/23 | $130,329 |
Becker Design Graphic Design Services | 8/30/23 | $106,244 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,487,164 |
| Membership dues | $0 |
| Fundraising events | $112,127 |
| Related organizations | $1,098,316 |
| Government grants | $128,633 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,554,612 |
| Noncash contributions included in lines 1a–1f | $5,714,161 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,380,852 |
| Total Program Service Revenue | $4,919,489 |
| Investment income | $32,777 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,570 |
| Net Income from Fundraising Events | $134,596 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,464,144 |
| 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. | $601,584 |
| Compensation of current officers, directors, key employees. | $397,552 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,562,201 |
| Pension plan accruals and contributions | $819,925 |
| Other employee benefits | $1,785,633 |
| Payroll taxes | $954,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $137,912 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,222,270 |
| Advertising and promotion | $108,688 |
| Office expenses | $480,172 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,747,118 |
| Travel | $36,463 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,904 |
| Interest | $168,543 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $126,366 |
| Insurance | $115,467 |
| All other expenses | $0 |
| Total functional expenses | $23,261,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,855,205 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,570,324 |
| Accounts receivable, net | $199,905 |
| 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 | $652,430 |
| Net Land, buildings, and equipment | $425,175 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $114,494,551 |
| Total assets | $124,197,590 |
| Accounts payable and accrued expenses | $1,804,815 |
| Grants payable | $0 |
| Deferred revenue | $2,490,514 |
| 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 | $570,200 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,512,903 |
| Total liabilities | $7,378,432 |
| Net assets without donor restrictions | $83,434,088 |
| Net assets with donor restrictions | $33,385,070 |
| 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 | $124,197,590 |