Seattle Symphony Orchestra Inc
- Assets
- $19.0m
- Revenue
- $31.3m
- Investments
- $0.0
- Employees
- 347
- Location
- Seattle, WA
- Founding
- 06/1928
- Data as of
- 08/2023
- EIN
- 91-0667412
Organization Overview
Seattle Symphony Orchestra Inc is located in Seattle, WA. The organization was established in 1928. 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, Seattle Symphony Orchestra Inc employed 347 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seattle 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 08/2023, Seattle Symphony Orchestra Inc generated $31.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $34.4m during the year ending 08/2023. While expenses have increased by 2.2% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEATTLE SYMPHONY UNLEASHES THE POWER OF MUSIC, BRINGS PEOPLE TOGETHER, & LIFTS THE HUMAN SPIRIT.
Describe the Organization's Program Activity:
THE SEATTLE SYMPHONY IS ONE OF AMERICA'S LEADING ORCHESTRAS AND IS INTERNATIONALLY ACCLAIMED FOR ITS INNOVATIVE PROGRAMMING AND EXTENSIVE RECORDING HISTORY. THE 2022-2023 SEASON SAW INCREASED POST-PANDEMIC AUDIENCES WITH 187,235 ATTENDING IN PERSON. THAT INCLUDED 36,098 FREE OR DISCOUNTED TICKETS AND OVER 50 COMMUNITY EVENTS AND PROGRAMS TO UNDERSERVED POPULATIONS THROUGHOUT THE PUGET SOUND REGION. STREAMING SERVICES WAS AN ADD ON BENEFIT TO SUBSCRIBERS AND SINGLE CONCERT GOERS WHO WERE ABLE TO VIEW PROGRAMMING REMOTELY. THE SYMPHONY ALSO PROVIDED STREAMING SERVICES TO OTHER ARTISTIC ORGANIZATIONS AND COMMUNITY GROUP EVENTS TAKING PLACE AT BENAROYA HALL.
EDUCATIONAL PROGRAMMING RETURNED TO IN PERSON AND LIVE EVENTS IN ADDITION TO DIGITAL CONTENT DELIVERED THROUGH THE STREAMING PLATFORM. ATTENDANCE IN THE 22/23 SEASON WAS 5,481 STUDENTS AND FAMILIES INCLUDING OFFSITE EVENTS THROUGHOUT THE PUGET SOUND REGION. THE LISTEN BOLDLY APP HAS ENHANCED THE SYMPHONY'S EDUCATION AND COMMUNITY ENGAGEMENT OUTREACH, WITH ALL PROGRAMS FOR PUBLIC BENEFIT NOW AVAILABLE DIGITALLY TO FAMILIES, STUDENTS AND TEACHERS ACROSS THE STATE AND CANADA. PROGRAM HIGHLIGHTS INCLUDE TINY TOTS CONCERTS, LINK UP, AN INTERACTIVE CONCERT EXPERIENCE FOR ELEMENTARY SCHOOLS, AND THE YOUNG COMPOSERS WORKSHOP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Martz Treasurer, Vice Chair, Finance | OfficerTrustee | 2 | $0 |
Bill Mcaleer Director | Trustee | 2 | $0 |
Brian J Marks Director | Trustee | 2 | $0 |
Cheryl Lee Director | Trustee | 2 | $0 |
Chuck Schweizer Director | Trustee | 2 | $0 |
Dick Paul Vice Chair, Governance | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nw Associated Arts Arts Promoter | 8/30/23 | $302,486 |
Connick Performances Inc Artist Fees | 8/30/23 | $414,950 |
National Geographic Society Arts Promoter | 8/30/23 | $290,711 |
Columbia Artists Mgmt Artist Management | 8/30/23 | $273,104 |
Direct Connect Group Llc Sales & Marketing | 8/30/23 | $384,118 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,658,421 |
| Related organizations | $1,527,196 |
| Government grants | $432,650 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,965,843 |
| Noncash contributions included in lines 1a–1f | $4,924,876 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,584,110 |
| Total Program Service Revenue | $12,408,548 |
| Investment income | $294,453 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $9,143 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,675 |
| Net Income from Fundraising Events | -$154,957 |
| Net Income from Gaming Activities | -$7,925 |
| Net Income from Sales of Inventory | $49,899 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,257,219 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $360,254 |
| 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. | $2,003,662 |
| Compensation of current officers, directors, key employees. | $410,114 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,122,902 |
| Pension plan accruals and contributions | $682,923 |
| Other employee benefits | $4,839,551 |
| Payroll taxes | $1,847,859 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $167,602 |
| Fees for services: Accounting | $262,492 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,164 |
| Advertising and promotion | $1,838,019 |
| Office expenses | $1,176,427 |
| Information technology | $504,556 |
| Royalties | $103,127 |
| Occupancy | $261,542 |
| Travel | $392,669 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $106,388 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $298,589 |
| Insurance | $51,857 |
| All other expenses | $0 |
| Total functional expenses | $34,393,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $712,267 |
| Savings and temporary cash investments | $45,711 |
| Pledges and grants receivable | $3,091,549 |
| Accounts receivable, net | $1,724,655 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,120,629 |
| Inventories for sale or use | $230,113 |
| Prepaid expenses and deferred charges | $498,464 |
| Net Land, buildings, and equipment | $6,446,712 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,138,737 |
| Total assets | $19,008,837 |
| Accounts payable and accrued expenses | $1,508,521 |
| Grants payable | $0 |
| Deferred revenue | $6,594,850 |
| 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 | $0 |
| Other liabilities | $1,904,791 |
| Total liabilities | $10,008,162 |
| Net assets without donor restrictions | -$997,405 |
| Net assets with donor restrictions | $9,998,080 |
| 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 | $19,008,837 |