Memphis Symphony Orchestra Inc

Organization Overview

Memphis Symphony Orchestra Inc is located in Memphis, TN. The organization was established in 1956. 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 06/2024, Memphis Symphony Orchestra Inc employed 189 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memphis 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, Memphis Symphony Orchestra Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $3.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ENRICH THE LIVES OF OUR DIVERSE COMMUNITY THROUGH EXCEPTIONAL MUSIC AND DYNAMIC PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MEMPHIS SYMPHONY ORCHESTRA STRIVES TO ENRICH THE LIVES OF OUR DIVERSE COMMUNITY THROUGH EXCEPTIONAL MUSIC AND DYNAMIC PROGRAMS. MORE THAN 400 MUSICIANS, STAFF AND VOLUNTEERS MAKE UP THE MEMPHIS SYMPHONY ORCHESTRA, MEMPHIS SYMPHONY CHORUS AND MEMPHIS SYMPHONY LEAGUE, OPERATING EDUCATIONAL PROGRAMS, ORGANIZING COMMUNITY ENGAGEMENT EVENTS AND PERFORMING CONCERTS


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Board, Officers & Key Employees

Name (title)Compensation
Abell Peter
President/ceo
$124,647
Farmer Jason
Chairman
$0
Remmers Ashley
Immediate Past Chair
$0
Merrill Irma W
Chair-Elect
$0
Marus Ramon
Treasurer
$0
Ellison Dr David
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $714,883
All other contributions, gifts, grants, and similar amounts not included above$3,262,549
Noncash contributions included in lines 1a–1f $137,999
Total Revenue from Contributions, Gifts, Grants & Similar$3,977,432
Total Program Service Revenue$582,891
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $1,719
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,582,397

Peer Organizations

Organization NameAssets
North Carolina Symphony Society Inc
Raleigh, NC
$14,909,528
The Louisville Orchestra Inc
Louisville, KY
$14,770,476
Charlotte Symphony Orchestra Society Inc
Charlotte, NC
$23,356,040
Kansas City Symphony
Kansas City, MO
$14,755,393
Saint Louis Symphony Endowment Trust
Saint Louis, MO
$18,922,089
Virginia Symphony Orchestra
Norfolk, VA
$6,831,622
Richmond Symphony
Richmond, VA
$7,522,950
Alabama Symphonic Association Inc
Birmingham, AL
$5,609,386
Knoxville Symphony Society Inc
Knoxville, TN
$4,523,262
The Arkansas Symphony Orchestra Society Inc
Little Rock, AR
$7,655,547
Memphis Symphony Orchestra Inc
Memphis, TN
$4,582,397
Winston Salem Symphony Assoc
Winstonsalem, NC
$2,755,041
Augusta Symphony Inc
Augusta, GA
$2,483,346
Greensboro Symphony Orchestra Incorporated
Greensboro, NC
$2,903,444
Chattanooga Symphony And Opera Association
Chattanooga, TN
$1,696,238
Mobile Symphony Inc
Mobile, AL
$2,585,306
Mississippi Symphony Orchestra Association
Jackson, MS
$2,224,746
Asheville Symphony Society Inc
Asheville, NC
$2,644,010
Texarkana Symphony Orchestra
Texarkana, AR
$1,770,024
Huntsville Symphony Orchestra Association
Huntsville, AL
$1,819,241
Roanoke Symphony Orchestra
Roanoke, VA
$1,475,360
Symphony Orchestra Of Northwest Arkansas
Fayetteville, AR
$1,422,474
Jackson Symphony Association
Jackson, TN
$1,276,187
Savannah Philharmonic Corporation
Savannah, GA
$1,404,691
Youth Symphony Association Of Kansas City Inc
Kansas City, MO
$1,063,212

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