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Nonprofiteer
← CINCINNATI MUSICAL FESTIVAL ASSOC

Form 990 for tax year 2024

Filed by CINCINNATI MUSICAL FESTIVAL ASSOC.

Totals

Total revenue
$3,503,899
Total expenses
$3,645,933
Contributions and grants received
$1,421,641
Grants paid
$0
Program service revenue
$412,560
Investment income
$1,596,071
Other revenue
$73,627
Total assets, end of year
$30,332,523
Total liabilities, end of year
$318,246
Net assets or fund balances, end of year
$30,014,277
Program services expenses (Part IX)
$2,824,425
Management and general expenses
$557,883
Fundraising expenses
$263,625
Program service expenses (Part III)
$2,824,425

Program services were 77.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $47,690

  • 1f · All other contributions, gifts and grants

    $1,373,951

  • 1g · Noncash contributions included above

    $10,273

  • 2a · Program service revenue: CONCERT REVENUE

    total $412,560 · related or exempt $412,560

  • 3 · Investment income

    total $1,118,207 · excluded $1,118,207

  • 7a · Gross sales of assets other than inventory

    securities $1,247,271

  • 7b · Less cost or other basis and sales expenses

    securities $769,407

  • 7c · Gain or loss

    securities $477,864

  • 7d · Net gain or loss

    total $477,864 · excluded $477,864

  • 10a · Gross sales of inventory

    $567

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $567 · related or exempt $567

  • 11a · Other revenue: MANAGEMENT FEE

    total $57,584 · excluded $57,584

  • 11b · Other revenue: PARKING REVENUE

    total $6,335 · excluded $6,335

  • 11c · Other revenue: FACILITY MAINTENANCE FEE

    total $5,311 · excluded $5,311

  • 11d · All other revenue

    total $3,830 · excluded $3,830

  • 11e · Other revenue, total

    $73,060

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $695,579 · program services $417,347 · management and general $194,763 · fundraising $83,469

  • 7 · Other salaries and wages

    total $766,497 · program services $460,017 · management and general $214,476 · fundraising $92,004

  • 11b · Fees: legal

    total $200 · management and general $200

  • 11c · Fees: accounting

    total $17,430 · management and general $17,430

  • 11f · Fees: investment management

    total $48,892 · management and general $48,892

  • 11g · Fees: other

    total $1,624,050 · program services $1,624,050

  • 12 · Advertising and promotion

    total $120,767 · program services $120,767

  • 13 · Office expenses

    total $46,299 · program services $19,673 · management and general $26,626

  • 14 · Information technology

    total $16,230 · program services $16,230

  • 16 · Occupancy

    total $92,636 · program services $82,847 · management and general $9,789

  • 22 · Depreciation, depletion and amortization

    total $26,535 · management and general $26,535

  • 23 · Insurance

    total $9,846 · management and general $9,846

  • 24a · Other expenses: DEVELOPMENT EXPENSES

    total $85,038 · fundraising $85,038

  • 24b · Other expenses: EDUCATION EXPENSES

    total $76,094 · program services $76,094

  • 24c · Other expenses: OTHER EXPENSES

    total $17,949 · program services $7,400 · management and general $7,435 · fundraising $3,114

  • 24d · Other expenses: LOSS ON DISPOSAL

    total $1,891 · management and general $1,891

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $347,915 · end of year $383,674

  • 2 · Savings and temporary cash investments

    beginning of year $928,661 · end of year $407,924

  • 3 · Pledges and grants receivable

    beginning of year $196,495 · end of year $258,083

  • 4 · Accounts receivable

    beginning of year $27,602 · end of year $78,660

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,418 · end of year $18,666

  • 10a · Land, buildings and equipment: cost or other basis

    $483,927

  • 10b · Land, buildings and equipment: accumulated depreciation

    $341,243

  • 10c · Land, buildings and equipment, net

    beginning of year $101,110 · end of year $142,684

  • 11 · Investments: publicly traded securities

    beginning of year $25,451,820 · end of year $26,783,347

  • 15 · Other assets

    beginning of year $2,091,592 · end of year $2,259,485

  • 17 · Accounts payable and accrued expenses

    beginning of year $161,733 · end of year $233,281

  • 19 · Deferred revenue

    beginning of year $1,760 · end of year $84,965

  • 27 · Net assets without donor restrictions

    beginning of year $6,476,840 · end of year $6,267,010

  • 28 · Net assets with donor restrictions

    beginning of year $22,514,280 · end of year $23,747,267

Mission and programs · 2024

Mission

WE EXIST TO ENGAGE, ENERGIZE AND CONNECT OUR COMMUNITY WITH THE HIGHEST QUALITY PERFORMANCES OF GREAT CHORAL MUSIC. OUR VISION IS TO BE THE MOST EXCITING FORCE IN THE CHORAL WORLD AND TO BE A LEADER AND CATALYST IN THE PRODUCTION, PRESENTATION AND PROMOTION OF CHORAL ACTIVITIES IN OUR REGION AND AROUND THE GLOBE. WE BELIEVE IN FOSTERING CHORAL MUSIC OF THE HIGHEST ARTISTIC STANDARDS; PRESERVING THE HISTORY, ENHANCING THE PRESENT AND EMBRACING THE FUTURE OF CHORAL MUSIC; CULTIVATING DIVERSE AUDIENCES, CHOIRS AND SINGERS WHO ARE PASSIONATE ABOUT CHORAL MUSIC; AND OPERATING IN A FINANCIALLY SOUND MANNER.

Activities or mission (Part I)

WE EXIST TO ENGAGE, ENERGIZE AND CONNECT OUR COMMUNITY WITH THE HIGHEST QUALITY PERFORMANCES OF GREAT CHORAL MUSIC.

  • THE MAY FESTIVAL PROVIDED FOUR CONCERTS WITH PAID ATTENDANCE OF 5,026 PATRONS. THE MAY FESTIVAL CHORUS ALSO SERVES AS THE OFFICIAL CHORUS OF THE CINCINNATI SYMPHONY AND POPS ORCHESTRA PERFORMING WITH THE ORCHESTRA FOR NUMEROUS CONCERTS THROUGHOUT CSO/POPS SEPTEMBER THROUGH MAY SEASON.

    Expenses $2,757,045 · Revenue $412,977

  • THIS MOBILE EARLY LEARNING PROGRAM IS DESIGNED TO AWAKEN AND DEVELOP EACH CHILD'S SENSE OF SELF AND CONNECTION TO THE WORLD AROUND THEM THROUGH SONG. MAY FESTIVAL MINIS IS AN INCLUSIVE AND ACCESSIBLE PROGRAM THAT SERVES PRESCHOOL CHILDREN OF ALL ABILITIES THROUGH FREE DEVELOPMENTALLY APPROPRIATE, MUSIC-CENTRIC LESSONS PROVIDED IN THEIR PRESCHOOL ENVIRONMENTS. MINIS SERVED OVER 3,000 PRESCHOOLERS IN THE CINCINNATI REGION THROUGH PARTNERSHIPS WITH CINCINNATI CHILDREN'S HOSPITAL, CINCINNATI PUBLIC LIBRARIES, AND HEADSTART PRESCHOOL.

    Expenses $64,198 · Revenue $150

  • THE MAY FESTIVAL CHAMBER CHORUS, AN AUDITIONED SUBSET OF THE COMPLETE MAY FESTIVAL CHORUS, APPEARS PERIODICALLY IN FREE, HOUR-LONG CONCERTS OUTSIDE OF THE DOWNTOWN CINCINNATI AREA TO REACH NEW LISTENERS IN NEW NEIGHBORHOODS. THIS AUDIENCE DEVELOPMENT INITIATIVE OFTEN FEATURES MEMBERS OF THE MAY FESTIVAL YOUTH CHORUS IN PERFORMANCE AND IS PRESENTED IN PARTNERSHIP WITH COMMUNITY CHURCHES. THESE CONCERTS TOOK PLACE IN CINCINNATI NEIGHBORHOODS MONTGOMERY (ST. BARNABAS EPISCOPAL CHURCH) AND WESTWOOD (FIRST PRESBYTERIAN CHURCH), AS WELL AS IN DOWNTON DAYTON, OH (FIRST BAPTIST CHURCH). EACH CONCERT SERVED APPROXIMATELY 200 AUDIENCE MEMBERS.

    Expenses $3,182

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Helene Bentley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Boyles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christopher Canarie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Henry Caldwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melanie M Chavez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Teresa F Ernst

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barbara Feldmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Monahan Gimpel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J Mark Holcomb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr David A Huelsman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Isaiah Hyman Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Kirkpatrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert K Lomax

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rene McPhedran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Manisha Patel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathy Rambo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ruthann Sammarco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eileen Stanisic

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kelly Willbrandt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeannine Winkelmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shelby Wood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christy Horan

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Mike Curran

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Anthony Lazzeri

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Mary H Stucky

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Eric K Combs

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Steven Sunderman

    EXECUTIVE DIRECTOR (UNTIL 06/23/24)

    Total calculated
    $360,917
    From this org
    $335,077
    From related orgs
    $0
    Other
    $25,840
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $65,077
    Bonus
    $30,000
    Other
    $240,000
    Deferred
    $13,403
    Nontaxable benefits
    $12,437
    Filer's total
    $360,917

  • Jonathan Martin

    PRESIDENT

    Total calculated
    $37,295
    From this org
    $34,708
    From related orgs
    $0
    Other
    $2,587
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $34,708
    Bonus
    $0
    Other
    $0
    Deferred
    $1,801
    Nontaxable benefits
    $786
    Filer's total
    $37,295

  • Robert McGrath

    COO

    Total calculated
    $31,570
    From this org
    $28,096
    From related orgs
    $0
    Other
    $3,474
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $28,096
    Bonus
    $0
    Other
    $0
    Deferred
    $1,394
    Nontaxable benefits
    $2,080
    Filer's total
    $31,570

  • Richard Freshwater

    VP & CFO

    Total calculated
    $17,665
    From this org
    $15,585
    From related orgs
    $0
    Other
    $2,080
    Hours/week
    7.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $15,585
    Bonus
    $0
    Other
    $0
    Deferred
    $1,175
    Nontaxable benefits
    $905
    Filer's total
    $17,665

  • Catherine Dixon

    DIRECTOR OF ADVANCEMENT & ENGAGEMENT

    Total calculated
    $129,845
    From this org
    $102,907
    From related orgs
    $0
    Other
    $26,938
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $102,907
    Bonus
    $0
    Other
    $0
    Deferred
    $4,130
    Nontaxable benefits
    $22,808
    Filer's total
    $129,845

  • Matthew Swanson

    INTERIM EXECUTIVE DIRECTOR(JOINED 06/24/24)

    Total calculated
    $118,288
    From this org
    $103,238
    From related orgs
    $0
    Other
    $15,050
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $98,238
    Bonus
    $5,000
    Other
    $0
    Deferred
    $4,116
    Nontaxable benefits
    $10,934
    Filer's total
    $118,288

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART III, SUPPLEMENTAL INFORMATION
THE NAME OF THE UNRELATED ORGANIZATION IS THE CINCINNTI SYMPHONY ORCHESTRA.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • CINCINNATI BOYCHOIR INC

    501(C)(3) · TO ENHANCE AND DEEPEN EVERY BOY'S CREATIVE EXPRESSION. · OH · controlled entity

    Directly controlled by CINCINNATI MUSICAL FESTIVAL ASSOCIATION

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202533189349313043

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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