Charleston Symphony Orchestra is located in Charleston, SC. The organization was established in 1946. 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, Charleston Symphony Orchestra employed 300 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charleston Symphony Orchestra 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, Charleston Symphony Orchestra generated $9.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $3.9m during the year ending 06/2022. While expenses have increased by 1.2% 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 CHARLESTON SYMPHONY'S MISSION IS TO INSPIRE AND ENGAGE THE COMMUNITY THROUGH EXCEPTIONAL MUSICAL PERFORMANCES AND EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FY22, THE CHARLESTON SYMPHONY CONTINUED TO SERVE ITS COMMUNITY AND FULFILL ITS MISSION. THE CSO WASIMMENSELY PROUD TO LAUNCH, "A TRIUMPHANT RETURN" FOLLOWING THE IMMENSE CHALLENGES OF THE COVID-19 SHUTDOWN. THECSO ENJOYED A ROBUST PERFORMANCE SEASON OF OVER 100 MASTERWORKS, POPS, CHAMBER MUSIC, EDUCATIONAL, ANDCOMMUNITY ENGAGEMENT PERFORMANCES. THE CSO ALSO COMPLETED ITS TWO-YEAR CELEBRATION OF THE 250TH ANNIVERSARY OFLUDWIG VAN BEETHOVEN'S BIRTH WITH TWO SELL-OUT PERFORMANCES OF THE FAMED COMPOSER'S NINTH SYMPHONY, "AN ODE TOJOY" THE CSO'S HIGHEST GROSSING AND HIGHEST ATTENDANCE OF MASTERWORKS PERFORMANCES TO DATE. THE CSO WAS ONE OF AHANDFUL OF ORCHESTRAS NATIONWIDE THAT DELIVERED LIVE PERFORMANCES THROUGHOUT THE PANDEMIC, AND THE LOWCOUNTRY'SENCOURAGEMENT EMBOLDENED US TO DO MORE AND BE MORE AS A COMMUNITY SERVICE ORGANIZATION DURING THE 2021-2022SEASON. THE CSO LAUNCHED ITS FIRST YEAR OF THE CHARLESTON SYMPHONY INCLUSION FELLOWSHIP. THE EXECUTIVE FELLOWSHIP IS APARTNERSHIP WITH THE COLLEGE OF CHARLESTON'S ARTS & CULTURAL ADMINISTRATION PROGRAM. TWO GRADUATE STUDENTS WEREAWARDED POSITIONS ON THE CSO STAFF TO PARTICIPATE IN A 24-MONTH CROSS-DEPARTMENTAL ROTATION TO RECEIVE ROBUSTEXPERIENCE WORKING CLOSELY IN AREAS OF MARKETING, ADVANCEMENT, OPERATIONS, AND MORE.
THE CSO REMAINS COMMITTED TO PRESENTING THE HIGHEST-QUALITY MUSICAL EXPERIENCES AND DIRECT ACCESS TO THEARTS TO OUR COMMUNITY'S CHILDREN, THEREBY NARROWING THE GAP OF EDUCATIONAL INEQUALITY FOR OVER 20,000 STUDENTS ACROSSTHE LOWCOUNTRY EACH SEASON. THE CSO IS PROUD TO OFFER MULTIPLE OPPORTUNITIES FOR EDUCATIONAL ENGAGEMENT, AND THESYMPHONY PLACES SPECIAL EMPHASIS ON PROVIDING FREE OR LOW-COST PROGRAMMING TO PROMOTE EQUITABLE ACCESS TOINSPIRATIONAL EDUCATION THROUGH MUSIC. EACH YEAR, SMALL ENSEMBLES OF CSO MUSICIANS TRAVEL DIRECTLY TO SCHOOLS ACROSS THETRI-COUNTY AREA TO PRESENT CHAMBER MUSIC CONCERTS AND INSTRUMENTAL DEMONSTRATIONS FREE OF CHARGE THROUGH THE "MUSICIN SCHOOLS" PROGRAM. DURING THE 2021-22 SCHOOL YEAR, STUDENTS ALSO HAD THE OPPORTUNITY TO ATTEND "YOUNG PEOPLE'SCONCERTS" AT THE GAILLARD CENTER IN PARTNERSHIP WITH CARNEGIE HALL FOR A HIGHLY ENGAGING AND INTERACTIVE PROGRAM OF FULLSCALESYMPHONIC MUSIC. IN ADDITION TO THESE PROGRAMS, THE CHARLESTON SYMPHONY YOUTH ORCHESTRA (CSYO) OPERATES YEARROUNDAS ONE OF THE CSO'S MOST DEEPLY IMPACTFUL INITIATIVES IN THE DEVELOPMENT OF YOUNG MUSICIANS, AND THIS ESTEEMEDENSEMBLE PROVIDED MIDDLE AND HIGH SCHOOL STUDENTS WITH RICH MUSICAL EXPERIENCES THROUGH INTERACTIONS AND INTENSIVECOACHING WITH CSO MUSICIANS THROUGHOUT THE SEASON. THROUGH THE "MUSIC IN SCHOOLS" PROGRAM, "YOUNG PEOPLE'SCONCERTS, AND THE "CHARLESTON SYMPHONY YOUTH ORCHESTRA," THE CSO WILL BRING WORLD-CLASS MUSIC INTO STUDENTS' LIVES ATREDUCED OR NO COST TO REMOVE BARRIERS TO ARTS ACCESS WHILE SERVING AS A RESOURCE TO AMPLIFY CLASSROOM LEARNING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert Siedell Director | Trustee | 1 | $0 |
Carol H Fishman Director | Trustee | 1 | $0 |
Lenna Macdonald Director | Trustee | 1 | $0 |
Edward Hart Director | Trustee | 1 | $0 |
Marty Penkhus Director | Trustee | 1 | $0 |
Patrick Ilderton Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $182,750 |
Government grants | $1,326,930 |
All other contributions, gifts, grants, and similar amounts not included above | $6,146,394 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $7,656,074 |
Total Program Service Revenue | $1,451,805 |
Investment income | $54,642 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $9,194,585 |
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. | $297,482 |
Compensation of current officers, directors, key employees. | $148,742 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,296,280 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $241,513 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $46,263 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $21,624 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $17,454 |
Insurance | $0 |
All other expenses | $234,271 |
Total functional expenses | $3,888,659 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,821,558 |
Savings and temporary cash investments | $3,770,683 |
Pledges and grants receivable | $1,211,160 |
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 | $39,572 |
Net Land, buildings, and equipment | $352,800 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $910,878 |
Total assets | $8,106,651 |
Accounts payable and accrued expenses | $212,792 |
Grants payable | $0 |
Deferred revenue | $659,726 |
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 | $20,835 |
Unsecured mortgages and notes payable | $270,918 |
Other liabilities | $0 |
Total liabilities | $1,164,271 |
Net assets without donor restrictions | $5,718,241 |
Net assets with donor restrictions | $1,224,139 |
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 | $8,106,651 |