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Nonprofiteer
← CHARLESTON SYMPHONY ORCHESTRA

Form 990 for tax year 2023

Filed by CHARLESTON SYMPHONY ORCHESTRA.

Totals

Total revenue
$5,120,173
Total expenses
$4,931,970
Contributions and grants received
$2,782,434
Grants paid
$0
Program service revenue
$2,101,630
Investment income
$202,143
Other revenue
$33,966
Total assets, end of year
$10,727,469
Total liabilities, end of year
$1,943,899
Net assets or fund balances, end of year
$8,783,570
Program services expenses (Part IX)
$3,898,675
Management and general expenses
$537,072
Fundraising expenses
$496,223
Program service expenses (Part III)
$3,898,675

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.

  • 1d · Related organizations

    $203,500

  • 1e · Government grants (contributions)

    $271,905

  • 1f · All other contributions, gifts and grants

    $2,307,029

  • 1g · Noncash contributions included above

    $2,375

  • 2a · Program service revenue: CONCERT REVENUE

    total $2,101,630 · related or exempt $2,101,630

  • 3 · Investment income

    total $202,143 · related or exempt $202,143

  • 11a · Other revenue: OTHER INCOME

    total $33,966 · related or exempt $33,966

  • 11e · Other revenue, total

    $33,966

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $150,000 · program services $37,500 · management and general $75,000 · fundraising $37,500

  • 7 · Other salaries and wages

    total $2,797,786 · program services $2,455,333 · management and general $18,136 · fundraising $324,317

  • 11g · Fees: other

    total $226,864 · management and general $226,864

  • 12 · Advertising and promotion

    total $342,982 · program services $342,982

  • 13 · Office expenses

    total $64,218 · management and general $64,218

  • 16 · Occupancy

    total $126,838 · program services $114,967 · management and general $11,871

  • 20 · Interest

    total $37,979 · management and general $37,979

  • 22 · Depreciation, depletion and amortization

    total $5,467 · management and general $5,467

  • 23 · Insurance

    total $36,938 · management and general $36,938

  • 24a · Other expenses: GUEST ARTISTS AND CONDU

    total $342,414 · program services $342,414

  • 24b · Other expenses: STAGE CREWS

    total $267,759 · program services $267,759

  • 24c · Other expenses: DEVELOPMENT FUNDRAISING

    total $122,427 · fundraising $122,427

  • 24d · Other expenses: HALL RENTAL

    total $100,393 · program services $100,393

  • 24e · All other expenses

    total $309,905 · program services $237,327 · management and general $60,599 · fundraising $11,979

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,047,913 · end of year $1,200,971

  • 2 · Savings and temporary cash investments

    beginning of year $5,128,897 · end of year $6,352,205

  • 3 · Pledges and grants receivable

    beginning of year $2,146,534 · end of year $1,654,409

  • 9 · Prepaid expenses and deferred charges

    beginning of year $102,525 · end of year $70,251

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

    $549,283

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

    $214,779

  • 10c · Land, buildings and equipment, net

    beginning of year $339,971 · end of year $334,504

  • 15 · Other assets

    beginning of year $910,878 · end of year $1,115,129

  • 17 · Accounts payable and accrued expenses

    beginning of year $336,965 · end of year $398,961

  • 19 · Deferred revenue

    beginning of year $839,306 · end of year $893,127

  • 24 · Unsecured notes and loans payable

    beginning of year $254,984 · end of year $651,811

  • 27 · Net assets without donor restrictions

    beginning of year $5,768,041 · end of year $6,779,729

  • 28 · Net assets with donor restrictions

    beginning of year $2,477,422 · end of year $2,003,841

Mission and programs · 2023

Mission

THE CHARLESTON SYMPHONY'S MISSION IS TO INSPIRE AND ENGAGE THE COMMUNITY THROUGH EXCEPTIONAL MUSICAL PERFORMANCES AND EDUCATIONAL PROGRAMS.

  • THE SYMPHONY'S 2023-2024 SEASON, THEMED "MUSIC FOR EVERYONE," FEATURED A REMARKABLE LINEUP OF INTERNATIONALLY ACCLAIMED GUEST CONDUCTORS AND WORLD-RENOWNED VISITING ARTISTS. FROM LEGENDARY CONDUCTORS LIKE THOMAS WILKINS, CARL ST. CLAIR, GERARD SCHWARZ, TITO MUOZ, AND LINA GONZLEZ-GRANADOS TO SUPERSTAR GUEST MUSICIANS SUCH AS MICHELLE CANN, PINCHAS ZUKERMAN, MAXIM LANDO, AND SARA DAVIS BUECHNER, THE SEASON CONTINUED TO ELEVATE THE SYMPHONY AS A TOP-TIER ARTS AND CULTURAL DESTINATION. WITH SENSATIONAL PROGRAMMING, INCLUDING WORKS BY PRICE, BRUCKNER, BRAHMS, MARSALIS, VERDI, THE SEASON SHOWCASED INCREDIBLE REPERTOIRE, AND LARGER ORCHESTRAL SOUNDS ELEVATED THE SYMPHONY TO NEW HEIGHTS. THE SYMPHONY'S COMMITMENT TO ARTISTIC EXCELLENCE RESULTED IN RECORD SUBSCRIPTION AND SINGLE TICKET REVENUE.IN FEBRUARY 2024, THE SYMPHONY COLLABORATED WITH CHABAD OF CHARLESTON TO PRESENT "AN EVENING WITH ITZHAK PERLMAN." FOR ONE NIGHT, OUR COMMUNITY EXPERIENCED THIS RARE OPPORTUNITY TO HEAR THE LEGENDARY VIOLINIST, ITZHAK PERLMAN, PERFORM AND CONDUCT THE SYMPHONY. THIS SPECIAL PERFORMANCE SOLD OUT IN LESS THAN THREE WEEKS.

    Expenses $3,423,630 · Revenue $2,062,923

  • THE CSO REMAINS COMMITTED TO PRESENTING THE HIGHEST-QUALITY MUSICAL EXPERIENCES AND PROVIDING DIRECT ACCESS TO THE ARTS FOR OUR COMMUNITY'S CHILDREN, THEREBY NARROWING THE GAP OF EDUCATIONAL OPPORTUNITY FOR OVER 20,000 STUDENTS ACROSS THE LOWCOUNTRY EACH SEASON. THE CSO IS PROUD TO OFFER MULTIPLE OPPORTUNITIES FOR EDUCATIONAL ENGAGEMENT, WITH A SPECIAL EMPHASIS ON PROVIDING FREE OR LOW-COST PROGRAMMING TO PROMOTE ACCESS TO INSPIRATIONAL EDUCATION THROUGH MUSIC. EACH YEAR, SMALL ENSEMBLES OF CSO MUSICIANS TRAVEL DIRECTLY TO SCHOOLS ACROSS THE TRI-COUNTY AREA TO PRESENT CHAMBER MUSIC CONCERTS AND INSTRUMENTAL DEMONSTRATIONS FREE OF CHARGE THROUGH THE "MUSIC IN SCHOOLS" PROGRAM. DURING THE 2023-24 SCHOOL YEAR, STUDENTS ALSO HAD THE OPPORTUNITY TO ATTEND "YOUNG PEOPLE'S CONCERTS" AT THE GAILLARD CENTER IN PARTNERSHIP WITH CARNEGIE HALL FOR A HIGHLY ENGAGING AND INTERACTIVE PROGRAM OF FULL-SCALE SYMPHONIC MUSIC.IN ADDITION TO THESE PROGRAMS, THE CHARLESTON SYMPHONY YOUTH ORCHESTRA (CSYO) OPERATES YEAR-ROUND AS ONE OF THE CSO'S MOST IMPACTFUL INITIATIVES IN THE DEVELOPMENT OF YOUNG MUSICIANS. THIS ESTEEMED ENSEMBLE PROVIDED MIDDLE AND HIGH SCHOOL STUDENTS WITH RICH MUSICAL EXPERIENCES THROUGH INTERACTIONS AND INTENSIVE COACHING WITH CSO MUSICIANS THROUGHOUT THE SEASON. THE CHARLESTON SYMPHONY YOUTH SINFONIETTA (CSYS) IS A STRING ORCHESTRA THAT INTEGRATES WIND AND BRASS SECTIONS IN EACH CONCERT CYCLE, PREPARING YOUNGER MUSICIANS FOR THE MORE ADVANCED CSYO. THIS YEAR, THE PROGRAM SERVED OVER 100 STUDENTS FROM GRADES 3-12, WHO PERFORMED THREE CONCERTS AT THE CHARLESTON GAILLARD CENTER AND A FINAL CONCERT AT THE MUSIC HALL DURING THE PICCOLO SPOLETO FESTIVAL. THE CSYO AND CSYS WERE ALSO FEATURED IN A SYMPHONY MASTERWORKS PERFORMANCE, PROVIDING STUDENTS WITH THE LIFE-CHANGING EXPERIENCE OF PERFORMING ALONGSIDE PROFESSIONAL MUSICIANS OF THE SYMPHONY ON THE GAILLARD STAGE, CONDUCTED BY MAESTRO GERARD SCHWARZ.FURTHERMORE, THE SYMPHONY CONTINUED ITS PARTNERSHIP WITH THE COLLEGE OF CHARLESTON FOR THE THIRD YEAR OF THE EXECUTIVE FELLOWSHIP PROGRAM AND INTRODUCED THE SECOND SEASON OF THE ORCHESTRAL FELLOWSHIP. THIS YEAR, FIVE MUSICIANS, ALONG WITH TWO EXECUTIVE FELLOWS, WERE SELECTED THROUGH A RIGOROUS PROCESS TO JOIN THE SYMPHONY. THE PROGRAM OFFERSPERSONAL AND PROFESSIONAL DEVELOPMENT FOR EMERGING NONPROFIT ARTS LEADERS AND MUSICIANS. THIS SEASON, THE FELLOWS PARTICIPATED IN A VARIETY OF SYMPHONY ACTIVITIES, INCLUDING MAIN SERIES PERFORMANCES, EDUCATION AND COMMUNITY PROJECTS, AND THE FELLOWSHIP SHOWCASE. THE SYMPHONY REMAINS DEDICATED TO PROVIDING CULTURALLY RELEVANT PROGRAMMING THAT RESONATES WITH DIVERSE AUDIENCES.

    Expenses $475,045 · Revenue $38,707

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Edward Hart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Patrick Ilderton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Taylor Charpia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Clyde Hiers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Natalie Ham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jodi Rush

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Gerald Tanenbaum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kay Maybank

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Moody

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cynthia Mabry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tracy Grooms

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ellen Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Renard Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anne Olson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dr Sharese Pearson-Bush

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tiffany Reed Silverman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Gail Corvette

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stuart Ames

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anne W Cleveland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dr Aaron P Lesher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chris Staubes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rajan Govindan

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Dr Bobby Baker

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • David Savard

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Michael A Smith

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $175,468
    From this org
    $162,500
    From related orgs
    $0
    Other
    $12,968
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    $12,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,968
    Filer's total
    $175,468
  • Susan Sullivan

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Jerry Evans

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Wendi Huff

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
24 February 2025
IRS schema version
2023v6.0
Source object
202540589349300119

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