Totals
- Total revenue
- $4,890,345
- Total expenses
- $2,098,132
- Contributions and grants received
- $1,457,715
- Grants paid
- $1,657,423
- Program service revenue
- $0
- Investment income
- $3,432,630
- Other revenue
- $0
- Total assets, end of year
- $49,172,703
- Total liabilities, end of year
- $170,099
- Net assets or fund balances, end of year
- $49,002,604
- Program services expenses (Part IX)
- $1,657,423
- Management and general expenses
- $290,473
- Fundraising expenses
- $150,236
- Program service expenses (Part III)
- $1,657,423
Program services were 79.0% 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.
-
1f · All other contributions, gifts and grants
$1,457,715
-
3 · Investment income
total $909,146 · excluded $909,146
-
7a · Gross sales of assets other than inventory
securities $2,523,484
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $2,523,484
-
7d · Net gain or loss
total $2,523,484 · excluded $2,523,484
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,657,423 · program services $1,657,423
-
7 · Other salaries and wages
total $150,000 · fundraising $150,000
-
11a · Fees: management
total $100,000 · management and general $100,000
-
11c · Fees: accounting
total $36,421 · management and general $36,185 · fundraising $236
-
11f · Fees: investment management
total $154,138 · management and general $154,138
-
13 · Office expenses
total $150 · management and general $150
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $166,573 · end of year $73,162
-
2 · Savings and temporary cash investments
beginning of year $7,691,474 · end of year $2,202,693
-
3 · Pledges and grants receivable
beginning of year $8,095,282 · end of year $8,716,547
-
7 · Other notes and loans receivable
beginning of year $1,137,382 · end of year $1,019,382
-
11 · Investments: publicly traded securities
beginning of year $25,619,527 · end of year $36,470,290
-
15 · Other assets
beginning of year $735,055 · end of year $690,629
-
17 · Accounts payable and accrued expenses
beginning of year $105,063 · end of year $104,274
-
25 · Other liabilities
beginning of year $68,811 · end of year $65,825
-
27 · Net assets without donor restrictions
beginning of year $9,000,000 · end of year $9,959,119
-
28 · Net assets with donor restrictions
beginning of year $34,271,419 · end of year $39,043,485
Mission and programs · 2023
Mission
THE PRIMARY PURPOSE OF THE SEATTLE SYMPHONY FOUNDATION IS TO AID AND SUPPORT THE SEATTLE SYMPHONY ORCHESTRA AND BENAROYA HALL MUSIC CENTER ENDOWMENTS.
Activities or mission (Part I)
TO AID AND SUPPORT THE SEATTLE SYMPHONY ORCHESTRA AND BENAROYA HALL MUSIC CENTER ENDOWMENTS.
-
THE FOUNDATION'S ARTICLES OF INCORPORATION PROVIDE THAT UP TO 7.5% OF THE 36 MONTH ROLLING AVERAGE OF THE ENDOWMENT VALUE BE DISTRIBUTED ANNUALLY TO THE SEATTLE SYMPHONY ORCHESTRA TO SUPPORT ITS OPERATIONS.IN 2019 THE FOUNDATION ADDED A NEW ENDOWMENT FUND FOR THE BENEFIT OF BENAROYA MUSIC HALL. IN 2023, THE FOUNDATION BOARD APPROVED A DISTRIBUTION TO BENAROYA HALL TOTALING 5% OF A ROLLING 36 MONTH AVERAGE OF THE ENDOWMENT VALUES.
Expenses $1,657,423 · Grants $1,657,423
As filed on the 2023 return.
Listed in Part VII
-
Michael SlonskiMICHAEL SLONSKI
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Kathleen WrightKATHLEEN WRIGHT
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Muriel Van HousenMURIEL VAN HOUSEN
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Yuka ShimizuYUKA SHIMIZU
TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 4 related
-
Susan CoughlinSUSAN COUGHLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Nancy B EvansNANCY B EVANS
DIRECTOR THRU 01/24
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Lyn GrinsteinLYN GRINSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Douglas JacksonDOUGLAS JACKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Jon RosenJON ROSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
David TanDAVID TAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rick WhiteRICK WHITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Krishna ThiagarajanKRISHNA THIAGARAJAN
PRESIDENT & CEO
- Total calculated
- $555,588
- From this org
- $0
- From related orgs
- $507,666
- Other
- $47,922
- Hours/week
- 1 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $470,032 related
- Bonus
- $0 + $37,634 related
- Other
- $0
- Deferred
- $0 + $13,200 related
- Nontaxable benefits
- $0 + $34,722 related
- Filer's total
- $0 + $555,588 related
-
Cheronne WongCHERONNE WONG
CFO & BENAROYA HALL COO
- Total calculated
- $315,611
- From this org
- $0
- From related orgs
- $277,672
- Other
- $37,939
- Hours/week
- 1 + 34 related
Schedule J breakdown matched by us
- Base
- $0 + $257,278 related
- Bonus
- $0 + $20,394 related
- Other
- $0
- Deferred
- $0 + $10,014 related
- Nontaxable benefits
- $0 + $27,925 related
- Filer's total
- $0 + $315,611 related
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
None.
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)
- FORM 990, SCHEDULE J, PART III:
- COMPENSATION FOR THE PRESIDENT & CEO AND CFO & BENAROYA HALL COO IS REVIEWED AND ESTABLISHED BY THE SEATTLE SYMPHONY ORCHESTRA, INC., A RELATED ORGANIZATION, AND THE COSTS ARE NOT INCURRED OR ALLOCATED TO SEATTLE SYMPHONY FOUNDATION.
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
-
$1,636,035
GENERAL SUPPORT
-
$21,388
GENERAL SUPPORT
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.
-
501(C)(3) · ORCHESTRA · WA
-
501(C)(3) · OPERATION OF CONCERT HALL · WA
Directly controlled by SEATTLE SYMPHONY ORCHESTRA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE LEAD ANNUITY TRUST (1)
T · INVESTMENTS · WA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 1 July 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521919349301617
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