The Maryland Symphony Orchestra Inc
- Assets
- $4.7m
- Revenue
- $1.5m
- Investments
- $23.8k
- Employees
- 145
- Location
- Hagerstown, MD
- Founding
- 02/1983
- Data as of
- 06/2022
- EIN
- 52-1259358
Organization Overview
The Maryland Symphony Orchestra Inc is located in Hagerstown, MD. The organization was established in 1983. According to its NTEE Classification (A19) the organization is classified as: Support N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Maryland Symphony Orchestra Inc employed 145 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland 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 06/2022, Maryland Symphony Orchestra Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 1.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MARYLAND SYMPHONY ORCHESTRA IS TO PROVIDE MUSICAL PERFORMANCES AND PROGRAMS THAT EDUCATE AND ENTERTAIN WHILE ENHANCING THE CULTURAL ENVIRONMENT OF WESTERN MARYLAND AND THE SURROUNDING REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE IS TO FOSTER, PROMOTE, AND INCREASE THE MUSIC KNOWLEDGE OF THE PUBLIC, EXCLUSIVELY BY EDUCATIONAL ACTIVITIES, BY ORGANIZING AND PRESENTING PERFORMANCES OF MUSIC CHOSEN PRIMARILY FROM THE LITERATURE OF SYMPHONY AND CHAMBER MUSIC, OPERA, SOLO RECITAL, AND VOCAL CHORUS OR DANCE. SINCE THE MARYLAND SYMPHONY ORCHESTRA (MSO) WAS ESTABLISHED IN 1982, THE ORCHESTRA'S ANNUAL SEASON HAS EXPANDED FROM FOUR CONCERTS TO MORE THAN 20 INCLUDING A CLASSICAL MASTERWORKS SERIES, MSO POPS CONCERTS, HOME FOR THE HOLIDAYS PERFORMANCES, THE SALUTE TO INDEPENDENCE, A HIGH SCHOOL MASTERWORKS CONCERT, YOUTH CONCERTS FOR 4TH GRADERS FROM THROUGHOUT WASHINGTON COUNTY AND THE REGION, AND SEVERAL PERFORMANCES IN NEIGHBORING COMMUNITIES. AS THE ONLY FULLY PROFESSIONAL ORCHESTRA BASED IN WESTERN MARYLAND THE ORCHESTRA (SEE SECTION O) FEATURES INTERNATIONALLY RENOWNED GUEST ARTISTS AND SOLOISTS EACH SEASON, ALONG WITH PRINCIPAL PLAYERS FROM THE RANKS OF THE MSO'S 70 MEMBER ENSEMBLE. ARTISTS AND SOLOISTS OFFER MASTER CLASSES AND THE MUSIC DIRECTOR ELIZABETH SCHULZE PRESENTS PRECONCERT LECTURES PRIOR TO ALL CLASSICAL SERIES CONCERTS. THE MSO PRESENTS EDUCATIONAL PROGRAMS INVOLVING SMALL ENSEMBLES IN PARTNERSHIP WITH WASHINGTON COUNTY PUBLIC SCHOOLS AND WASHINGTON COUNTY FREE LIBRARY IMPACTING 10,000 YOUTH ANNUALLY. DISCOUNTED STUDENT TICKETS ARE OFFERED TO STUDENTS IN GRADES 1 THROUGH 12 TO THE CLASSICAL CONCERTS HELD IN HAGERSTOWN'S HISTORIC MARYLAND THEATRE. THE MSO AWARDS BOTH NEED BASED AND MERIT BASED BENNETT RUBIN MUSIC SCHOLARSHIPS FOR REGIONAL YOUTH TO PARTICIPATE IN SUMMER MUSIC ACADEMIES, PRIVATE LESSONS, WORKSHOPS, AND PROGRAMS OFFERED BY ACCOMPLISHED INSTRUCTORS, WASHINGTON COUNTY PUBLIC SCHOOLS AND OTHER ACCREDITED EDUCATIONAL INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Parrish Executive Director | Officer | 40 | $93,748 |
Kimberly Bowen President | Officer | 5 | $0 |
Jake Caldwell Treasurer | Officer | 5 | $0 |
Jason Call Vice President | Officer | 5 | $0 |
Douglas Spotts MD Secretary | Officer | 5 | $0 |
Ashley Armstrong Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,050 |
| Related organizations | $0 |
| Government grants | $478,487 |
| All other contributions, gifts, grants, and similar amounts not included above | $493,620 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $983,157 |
| Total Program Service Revenue | $228,632 |
| Investment income | $74,529 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $152,251 |
| Net Income from Fundraising Events | $8,731 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,450,500 |
| 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. | $100,000 |
| Compensation of current officers, directors, key employees. | $100,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $777,310 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $61,633 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,268 |
| Fees for services: Other | $15,557 |
| Advertising and promotion | $68,884 |
| Office expenses | $19,815 |
| Information technology | $26,358 |
| Royalties | $0 |
| Occupancy | $41,595 |
| Travel | $492 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,088 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,537 |
| Insurance | $60,080 |
| All other expenses | $28,291 |
| Total functional expenses | $1,483,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,653 |
| Savings and temporary cash investments | $214,602 |
| Pledges and grants receivable | $62,793 |
| Accounts receivable, net | $0 |
| 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 | $44,390 |
| Net Land, buildings, and equipment | $156,020 |
| Investments—publicly traded securities | $4,028,284 |
| Investments—other securities | $23,763 |
| Investments—program-related | $0 |
| Intangible assets | $2,208 |
| Other assets | $9,743 |
| Total assets | $4,651,456 |
| Accounts payable and accrued expenses | $27,143 |
| Grants payable | $0 |
| Deferred revenue | $79,079 |
| 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 | $147,396 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $253,618 |
| Net assets without donor restrictions | $1,796,081 |
| Net assets with donor restrictions | $2,601,757 |
| 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 | $4,651,456 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that The Maryland Symphony Orchestra Inc has recieved totaling $88,337.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Washington County Maryland Incorporated Hagerstown, MD PURPOSE: GENERAL SUPPORT | $56,484 |
Garland E Groh Foundation Inc Hagerstown, MD PURPOSE: GENERAL FUNDS | $10,000 |
James And Mary Schurz Foundation Inc Williamsport, MD PURPOSE: GENERAL FUNDS | $10,000 |
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: GENERAL SUPPORT | $6,798 |
Vincent Rauth Groh And Barbara Ingram Groh Perpetual Charitable T Hagerstown, MD PURPOSE: ANNUAL AWARD | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $55 |
Endowment Analysis
| Beg. Balance | $4,618,706 |
| Earnings | -$289,851 |
| Admin Expense | $35,268 |
| Other Expense | $50,701 |
| Ending Balance | $4,242,886 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Maryland Symphony Orchestra Inc Hagerstown, MD | $4,651,456 | $1,450,500 |
Philadelphia Young Playwrights Philadelphia, PA | $987,040 | $626,381 |
Scientists Cliffs Association Inc Port Republic, MD | $2,817,115 | $861,002 |
Broadcast Education Association Washington, DC | $4,231,081 | $844,869 |
Renew Theaters Inc Doylestown, PA | $868,141 | $641,608 |
Fruit Tree Planting Foundation Pittsburgh, PA | $2,483,719 | $468,629 |
Diw Real Estate Holdings Corp Washington, DC | $3,420,343 | $194,704 |
Walters Art Museum Foundation Inc Baltimore, MD | $2,642,653 | $92,698 |
Josh Gibson Heritage Park Foundation Pittsburgh, PA | $0 | $0 |
Rosenfeld Org Inc Baltimore, MD | $1,132,848 | $95,688 |
Montgomery County Class Piano Inc Silver Spring, MD | $0 | $0 |
Embracing Arlington Arts Arlington, VA | $101,075 | $0 |