Minnesota Orchestral Association
- Assets
- $197.2m
- Revenue
- $20.4m
- Investments
- $101.0m
- Employees
- 829
- Location
- Minneapolis, MN
- Founding
- 05/1930
- Data as of
- 08/2021
- EIN
- 41-0693875
Organization Overview
Minnesota Orchestral Association is located in Minneapolis, MN. The organization was established in 1930. 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, Minnesota Orchestral Association employed 829 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Orchestral Association 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 08/2021, Minnesota Orchestral Association generated $20.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $27.4m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) 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
AN INTERNATIONALLY-RECOGNIZED ORCHESTRA DEDICATED TO ENRICHING AND SERVING MINNESOTA COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GRAMMY AWARD-WINNING MINNESOTA ORCHESTRA IS RECOGNIZED FOR OUTSTANDING PERFORMANCES IN MINNESOTA AND AROUND THE WORLD, AS WELL AS FOR CRITICALLY-ACCLAIMED RECORDINGS, LIVESTREAMS, AND RADIO AND TV BROADCASTS, AND A LONGTIME COMMITMENT TO STATE-WIDE MUSIC EDUCATION AND ENGAGEMENT PROGRAMS.THE 2022-23 SEASON MARKED A STEADY REBOUND FROM THE PANDEMIC, WITH THE ORCHESTRA OFFERING 138 CONCERTS AND EVENTS AT ORCHESTRA HALL AND BEYOND. ARTISTICALLY, IT WAS A SEASON OF TRANSITION BETWEEN ONE MUSIC DIRECTOR (OSMO VNSK WHO COMPLETED HIS 19-YEAR TENURE IN FISCAL 2022) AND INCOMING MUSIC DIRECTOR THOMAS SNDERGRD (WHO BEGINS HIS TENURE IN FISCAL 2024.) HIGHLIGHTS OF THE SEASON INCLUDED THE WORLD PREMIERE OF BREA(D)TH, A CHORAL-ORCHESTRAL WORK COMMISSIONED BY THE ORCHESTRA AFTER THE MURDER OF GEROGE FLOYD; THE RELEASE OF MAHLER'S NINTH SYMPHONY ON THE BIS RECORDS LABEL; AND COLLECTION OF PERFORMANCES FEATURING MINNESOTA ORCHESTRA MUSICIANS AS SOLOISTS. THE ORCHESTRA CONTINUED ITS PARTNERSHIP WITH TWIN CITIES PBS AND YOURCLASSICAL MPR TO CREATE THE BROADCAST AND LIVESTREAM SERIES THIS IS MINNESOTA ORCHESTRA. ACROSS THE SEASON THE ORCHESTRA PRODUCED SEVEN LIVE CONCERTS FOR AUDIENCES AROUND THE WORLD AND DEBUTED THEM FREE OF CHARGE ON TV, RADIO AND ONLINE STREAMING; IN TOTAL THE ORCHESTRA'S DIGITAL CONCERTS RECEIVED 235,000 VIEWS DURING THE 2022-23 SEASON. IN RECOGNITION OF THE ARTISTRY AND INNOVATION OF THE SERIES, THE ORCHESTRA WAS AWARDED AN UPPER MIDWEST EMMY IN 2022.THE MINNESOTA ORCHESTRA ANNUALLY CONNECTS WITH MORE THAN 85,000 MUSIC LOVERS THROUGH FAMILY CONCERTS AND EDUCATIONAL PROGRAMS INCLUDING ITS FLAGSHIP YOUNG PEOPLE'S CONCERTS, WHICH WERE FIRST LAUNCHED IN 1911 AND HAVE HELPED TO LIGHT A SPARK FOR CLASSICAL MUSIC WITH GENERATIONS OF STUDENTS. IN THE 2022-23 SEASON, THE ORCHESTRA PERFORMED YOUNG PEOPLE'S CONCERTS FOR MORE THAN 28,000 STUDENTS FROM 237 SCHOOLS AROUND THE STATE. MORE THAN ONE-QUARTER OF THOSE STUDENTS ATTENDED FOR FREE, WHILE OTHERS RECEIVED THEIR TICKET FOR JUST $6.25.IN MAY, THE ORCHESTRA TRAVELED TO AUSTIN, MINNESOTA, FOR ITS COMMON CHORDS RESIDENCY PROGRAM, IN WHICH SMALL ENSEMBLES OF MUSICIANS PERFORMED MORE THAN 18 (MOSTLY FREE) EVENTS AROUND THE COMMUNITYATTENDED BY SOME 5,000 AUSTIN RESIDENTS. THE CELEBRATORY WEEK WAS CAPPED OFF BY AN ORCHESTRA PERFORMANCE AT AUSTIN HIGH SCHOOL.IN JULY THE ORCHESTRA PRESENTED SUMMER AT ORCHESTRA HALL, A MONTH-LONG FESTIVAL FEATURING PERFORMANCES INDOORS AND OUT. CURATED BY PIANIST AND CREATIVE PARTNER JON KIMURA PARKER, THE PROGRAMMING EXPLORED MUSIC IN MOTION AND ONCE AGAIN FEATURED THE INTERNATIONAL DAY OF MUSIC, A FREE CELEBRATION OF MUSIC FOR ALL AGES, SHOWCASING MORE THAN 25 ACTS ACROSS FOUR STAGES AND PROGRAMMED IN COORDINATION WITH THE CEDAR CULTURAL CENTER. WHETHER PERFORMING AT ORCHESTRA HALL, IN GREATER MINNESOTA OR ON AN INTERNATIONAL STAGE, THE MINNESOTA ORCHESTRA REMAINS COMMITTED TO BRINGING PEOPLE TOGETHER THROUGH MUSIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy E Lindahl Chair | OfficerTrustee | 1 | $0 |
Joseph T Green Immediate Past Chair (through Jan 23) | OfficerTrustee | 1 | $0 |
Laurie Hodder Greeno Vice Chair | OfficerTrustee | 1 | $0 |
Michael Klingensmith Vice Chair | OfficerTrustee | 1 | $0 |
Jerome D Hamilton Jr Vice Chair | OfficerTrustee | 1 | $0 |
William P Miller Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Artist Management Partners Worldwide Llc Guest Artists | 8/30/23 | $240,921 |
Optima Advisory Llc Temporary Staffing | 8/30/23 | $237,383 |
Beevents Llc Event Support | 8/30/23 | $213,654 |
Opus 3 Artists Guest Artists | 8/30/23 | $179,212 |
Aon Consultings Inc Actuarial Services | 8/30/23 | $116,124 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,627,033 |
| Investment income | $702,120 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,310 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$449,989 |
| Net Income from Fundraising Events | -$163,775 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $20,256 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,377,124 |
| 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. | $919,304 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,339,098 |
| Pension plan accruals and contributions | $122,259 |
| Other employee benefits | $2,534,186 |
| Payroll taxes | $1,004,388 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,339 |
| Fees for services: Accounting | $73,702 |
| Fees for services: Lobbying | $56,952 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $645,369 |
| Fees for services: Other | $1,460,873 |
| Advertising and promotion | $827,929 |
| Office expenses | $262,097 |
| Information technology | $59,441 |
| Royalties | $0 |
| Occupancy | $568,661 |
| Travel | $75,464 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,322 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,875,446 |
| Insurance | $424,692 |
| All other expenses | $0 |
| Total functional expenses | $27,383,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,316,960 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,289,883 |
| Accounts receivable, net | $308,078 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $156,323 |
| Prepaid expenses and deferred charges | $1,048,067 |
| Investments—publicly traded securities | $37,600,353 |
| Investments—other securities | $100,990,621 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $530,601 |
| Total assets | $197,157,638 |
| Accounts payable and accrued expenses | $1,969,161 |
| Grants payable | $0 |
| Deferred revenue | $5,631,596 |
| 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 | $4,503,852 |
| Unsecured mortgages and notes payable | $2,500,000 |
| Other liabilities | $2,159,264 |
| Total liabilities | $16,763,873 |
| Net assets without donor restrictions | -$18,062,454 |
| Net assets with donor restrictions | $198,456,219 |
| 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 | $180,393,765 |