Form 990 for tax year 2022
Filed by MEMPHIS SYMPHONY ORCHESTRA INC.
Totals
- Total revenue
- $4,684,929
- Total expenses
- $4,720,503
- Contributions and grants received
- $3,560,014
- Grants paid
- $0
- Program service revenue
- $1,043,149
- Investment income
- $38,060
- Other revenue
- $43,706
- Total assets, end of year
- $6,808,528
- Total liabilities, end of year
- $407,657
- Net assets or fund balances, end of year
- $6,400,871
- Program services expenses (Part IX)
- $4,057,630
- Management and general expenses
- $214,977
- Fundraising expenses
- $447,896
- Program service expenses (Part III)
- $4,057,630
Program services were 86.0% 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
$3,560,014
-
1g · Noncash contributions included above
$89,286
-
2a · Program service revenue: CONCERT REVENUE
total $1,043,149 · related or exempt $1,043,149
-
3 · Investment income
total $38,060 · excluded $38,060
-
8a · Fundraising events: gross income
$1,488
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $1,488 · excluded $1,488
-
11a · Other revenue: MISCELLANEOUS
total $31,218 · related or exempt $31,218
-
11b · Other revenue: ADVERTISING REVENUE
total $11,000 · unrelated business $11,000
-
11e · Other revenue, total
$42,218
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $138,351 · program services $124,589 · management and general $2,315 · fundraising $11,447
-
7 · Other salaries and wages
total $2,684,274 · program services $2,417,266 · management and general $44,913 · fundraising $222,095
-
9 · Other employee benefits
total $384,440 · program services $365,188 · management and general $2,676 · fundraising $16,576
-
10 · Payroll taxes
total $207,458 · program services $186,440 · management and general $3,563 · fundraising $17,455
-
11g · Fees: other
total $271,239 · program services $53,062 · management and general $141,277 · fundraising $76,900
-
12 · Advertising and promotion
total $100,977 · program services $100,977
-
13 · Office expenses
total $56,917 · program services $52,944 · management and general $525 · fundraising $3,448
-
14 · Information technology
total $62,004 · program services $47,160 · fundraising $14,844
-
16 · Occupancy
total $57,844 · program services $28,922 · management and general $14,461 · fundraising $14,461
-
17 · Travel
total $24,844 · program services $19,830 · management and general $4,029 · fundraising $985
-
22 · Depreciation, depletion and amortization
total $5,622 · program services $3,941 · fundraising $1,681
-
23 · Insurance
total $15,441 · program services $15,441
-
24a · Other expenses: PRODUCTION EXPENSES
total $302,841 · program services $302,841
-
24b · Other expenses: ARTIST FEES
total $284,249 · program services $284,249
-
24c · Other expenses: DONOR RELATIONS
total $47,051 · fundraising $47,051
-
24d · Other expenses: MISCELLANEOUS
total $27,884 · program services $18,507 · management and general $613 · fundraising $8,764
-
24e · All other expenses
total $49,067 · program services $36,273 · management and general $605 · fundraising $12,189
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,504,689 · end of year $1,902,462
-
2 · Savings and temporary cash investments
beginning of year $1,517,875 · end of year $358,588
-
3 · Pledges and grants receivable
beginning of year $50,440 · end of year $237,518
-
4 · Accounts receivable
beginning of year $28,448 · end of year $82,113
-
9 · Prepaid expenses and deferred charges
beginning of year $14,750 · end of year $16,272
-
10a · Land, buildings and equipment: cost or other basis
$1,042,636
-
10b · Land, buildings and equipment: accumulated depreciation
$585,034
-
10c · Land, buildings and equipment, net
beginning of year $424,257 · end of year $457,602
-
12 · Investments: other securities
beginning of year $0 · end of year $541,959
-
15 · Other assets
beginning of year $2,734,338 · end of year $3,212,014
-
17 · Accounts payable and accrued expenses
beginning of year $40,737 · end of year $47,207
-
19 · Deferred revenue
beginning of year $262,740 · end of year $180,336
-
25 · Other liabilities
beginning of year $0 · end of year $180,114
-
27 · Net assets without donor restrictions
beginning of year $3,155,100 · end of year $3,268,791
-
28 · Net assets with donor restrictions
beginning of year $2,816,220 · end of year $3,132,080
Mission and programs · 2022
Mission
TO ENRICH THE LIVES OF OUR DIVERSE COMMUNITY THROUGH EXCEPTIONAL MUSIC AND DYNAMIC PROGRAMS.
-
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
Expenses $4,057,630 · Revenue $1,074,367
As filed on the 2022 return.
Listed in Part VII
-
Abell PeterABELL PETER
PRESIDENT/CEO
- Total calculated
- $138,351
- From this org
- $132,478
- From related orgs
- $0
- Other
- $5,873
- Hours/week
- 40
-
Farmer JasonFARMER JASON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Remmers AshleyREMMERS ASHLEY
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Merrill Irma WMERRILL IRMA W
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Marus RamonMARUS RAMON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Agar StephenAGAR STEPHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Barden LouiseBARDEN LOUISE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brezina Dr PaulBREZINA DR PAUL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Crosby MarkCROSBY MARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dyachenko Dr AndreDYACHENKO DR ANDRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ellison Dr DavidELLISON DR DAVID
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gronemeyer Dr SuzanneGRONEMEYER DR SUZANNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Guinn PamGUINN PAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Heppel ScottHEPPEL SCOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Johnson-Dean Dr CarolJOHNSON-DEAN DR CAROL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lange Dr UdoLANGE DR UDO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Martin MontgomeryMARTIN MONTGOMERY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marus ElisaMARUS ELISA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
McKissack Michelle RobinsonMCKISSACK MICHELLE ROBINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mendel Dr Lisa LucksMENDEL DR LISA LUCKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Moody RobertMOODY ROBERT
MUSIC DIRECTORY
- Total calculated
- $210,966
- From this org
- $205,093
- From related orgs
- $0
- Other
- $5,873
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $202,093
- Bonus
- $3,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $5,873
- Filer's total
- $210,966
-
Porter SonyaPORTER SONYA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Saraf NickSARAF NICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Yancy LukeYANCY LUKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Knisley Brandon EKNISLEY BRANDON E
KEY EMPLOYEE
- Total calculated
- $110,847
- From this org
- $104,974
- From related orgs
- $0
- Other
- $5,873
- Hours/week
- 40
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
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420169349300637
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