Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $412,150

• 1d · Related organizations

  $3,707,851

• 1e · Government grants (contributions)

  $1,759,835

• 1f · All other contributions, gifts and grants

  $2,980,034

• 1g · Noncash contributions included above

  $234,209

• 2a · Program service revenue: CONCERT PERFORMANCES

  total $11,014,505 · related or exempt $11,014,505

• 2f · All other program service revenue

  total $115,493 · related or exempt $115,493

• 3 · Investment income

  total $401,824 · excluded $401,824

• 8a · Fundraising events: gross income

  $815,854

• 8a · Fundraising events: contributions included on line 1c

  $412,150

• 8b · Fundraising events: direct expenses

  $590,440

• 8c · Net income from fundraising events

  total $225,414 · excluded $225,414

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,242,375 · program services $1,547,463 · management and general $483,317 · fundraising $211,595

• 7 · Other salaries and wages

  total $9,060,035 · program services $7,969,967 · management and general $811,686 · fundraising $278,382

• 8 · Pension plan contributions

  total $370,317 · program services $336,764 · management and general $24,922 · fundraising $8,631

• 9 · Other employee benefits

  total $1,281,039 · program services $1,134,380 · management and general $92,211 · fundraising $54,448

• 10 · Payroll taxes

  total $1,115,354 · program services $968,786 · management and general $97,641 · fundraising $48,927

• 11b · Fees: legal

  total $58,996 · management and general $58,996

• 11c · Fees: accounting

  total $73,522 · management and general $73,522

• 11d · Fees: lobbying

  total $10,000 · management and general $10,000

• 11f · Fees: investment management

  total $5,501 · management and general $5,501

• 11g · Fees: other

  total $1,226,536 · program services $731,767 · management and general $406,573 · fundraising $88,196

• 12 · Advertising and promotion

  total $608,344 · management and general $605,227 · fundraising $3,117

• 13 · Office expenses

  total $93,837 · program services $44,613 · management and general $24,127 · fundraising $25,097

• 14 · Information technology

  total $342,242 · program services $149,845 · management and general $183,012 · fundraising $9,385

• 16 · Occupancy

  total $271,047 · program services $217,696 · management and general $26,400 · fundraising $26,951

• 17 · Travel

  total $299,744 · program services $292,884 · management and general $1,277 · fundraising $5,583

• 19 · Conferences, conventions and meetings

  total $93,352 · program services $28,088 · management and general $51,074 · fundraising $14,190

• 20 · Interest

  total $1,901 · management and general $1,901

• 22 · Depreciation, depletion and amortization

  total $19,644 · management and general $19,644

• 23 · Insurance

  total $87,465 · program services $19,250 · management and general $68,215

• 24a · Other expenses: GUEST CONDUCTOR AND ART

  total $2,924,972 · program services $2,903,766 · fundraising $21,206

• 24b · Other expenses: DUES AND SUBSCRIPTIONS

  total $141,567 · program services $111,451 · management and general $27,058 · fundraising $3,058

• 24c · Other expenses: PRODUCTION EXPENSES

  total $136,268 · program services $122,018 · fundraising $14,250

• 24d · Other expenses: PRINTING AND PUBLICATIO

  total $48,256 · program services $4,699 · management and general $30,135 · fundraising $13,422

• 24e · All other expenses

  total $40,676 · program services $16,841 · management and general $7,779 · fundraising $16,056

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $3,015,859 · end of year $3,062,485

• 3 · Pledges and grants receivable

  beginning of year $164,055 · end of year $27,672

• 4 · Accounts receivable

  beginning of year $198,648 · end of year $415,561

• 9 · Prepaid expenses and deferred charges

  beginning of year $250,109 · end of year $390,253

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

  $1,125,718

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

  $256,456

• 10c · Land, buildings and equipment, net

  beginning of year $820,926 · end of year $869,262

• 11 · Investments: publicly traded securities

  beginning of year $6,876,823 · end of year $7,428,686

• 15 · Other assets

  beginning of year $4,853,830 · end of year $4,957,463

• 17 · Accounts payable and accrued expenses

  beginning of year $888,660 · end of year $1,220,472

• 19 · Deferred revenue

  beginning of year $2,638,967 · end of year $2,855,603

• 25 · Other liabilities

  beginning of year $60,551 · end of year $46,202

• 27 · Net assets without donor restrictions

  beginning of year $7,638,787 · end of year $7,897,678

• 28 · Net assets with donor restrictions

  beginning of year $4,953,285 · end of year $5,131,427

The filer's explanations (Part III)

PART I, LINE 1A

PRINCIPAL CONDUCTOR, PETER OUNDJIAN RECEIVES A HOUSING ALLOWANCE IN LIEU OF PAYING FOR A HOTEL AS HE OWNS A HOME IN DENVER, EACH TIME HE IS HERE TO CONDUCT. THE AMOUNT ($1,200 EACH WEEK HE IS CONDUCTING) IS IN HIS CONTRACT. IN ADDITION, PETER IS ALLOWED UP TO $4,000 ANNUALLY FOR TRAVEL EXPENSES FOR A COMPANION. DANIEL WACHTER, CEO, ALSO RECEIVES A HOUSING ALLOWANCE WHICH WILL BE REPORTED IN CALENDAR YEAR 2025 COMPENSATION.

PART I, LINE 4A

FORMER CEO OF THE COLORADO SYMPHONY ASSOCIATION RECEIVED A SEVERANCE PAYMENT OF $69,868 DURING THE FISCAL YEAR 2025, HOWEVER NOTHING IN CALENDAR YEAR 2024.