Kansas City Symphony
- Assets
- $80.7m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 227
- Location
- Kansas City, MO
- Founding
- 08/1983
- Data as of
- 06/2021
- EIN
- 43-1297475
Organization Overview
Kansas City Symphony is located in Kansas City, MO. The organization was established in 1983. 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, Kansas City Symphony employed 227 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kansas City Symphony 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, Kansas City Symphony generated $14.8m 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 (5.3%) each year. All expenses for the organization totaled $12.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.0%) 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
THE VISION OF THE KANSAS CITY SYMPHONY IS TO TRANSFORM HEARTS, MINDS AND COMMUNITIES THROUGH THE POWER OF SYMPHONIC MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Beckley Chief Executive Officer | OfficerTrustee | 50 | $266,225 |
Alex Shapiro Vice President Of Philanthropy | 40 | $142,806 | |
Sunho Kim Musician | 30 | $106,009 | |
Sara Lohe Chief Financial Officer | Officer | 40 | $105,947 |
Jeff Barker Vice President Of Marketing | 40 | $106,180 | |
Michael Stern Music Director | Trustee | 8 | $89,632 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thaumas Inc-fbo M Stern Conducting Services | 6/29/22 | $420,029 |
Bennet Direct Telefunding | 6/29/22 | $205,427 |
Straub Construction Company Inc Construction | 6/29/22 | $1,143,618 |
Force Technology Solutions Llc Information Tech | 6/29/22 | $271,255 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,831,926 |
| Investment income | $1,926,526 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,304 |
| Net Income from Fundraising Events | $63,492 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,755,393 |
| 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. | $903,898 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,160,903 |
| Pension plan accruals and contributions | $460,381 |
| Other employee benefits | $1,304,794 |
| Payroll taxes | $533,081 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $82,749 |
| Fees for services: Accounting | $67,466 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $161,392 |
| Fees for services: Investment Management | $8,690 |
| Fees for services: Other | $599,396 |
| Advertising and promotion | $105,881 |
| Office expenses | $312,564 |
| Information technology | $34,522 |
| Royalties | $0 |
| Occupancy | $266,356 |
| Travel | $125,975 |
| 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 | $110,545 |
| Insurance | $101,465 |
| All other expenses | $0 |
| Total functional expenses | $12,067,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,936,928 |
| Savings and temporary cash investments | $7,272,214 |
| Pledges and grants receivable | $3,135,249 |
| Accounts receivable, net | $1,438,552 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,944 |
| Prepaid expenses and deferred charges | $744,520 |
| Investments—publicly traded securities | $60,387,086 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $80,665,886 |
| Accounts payable and accrued expenses | $1,617,367 |
| Grants payable | $0 |
| Deferred revenue | $3,555,208 |
| 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 | $2,000,000 |
| Other liabilities | $0 |
| Total liabilities | $7,172,575 |
| 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 | $73,493,311 |