Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $622,655

• 1d · Related organizations

  $3,550,000

• 1e · Government grants (contributions)

  $7,507,495

• 1f · All other contributions, gifts and grants

  $12,251,808

• 1g · Noncash contributions included above

  $723,535

• 2a · Program service revenue: CONCERT INCOME

  total $4,993,186 · related or exempt $4,993,186

• 2b · Program service revenue: EDUCATION REVENUE

  total $544,794 · related or exempt $544,794

• 2c · Program service revenue: BSYO TUITION REVENUE

  total $361,651 · related or exempt $361,651

• 3 · Investment income

  total $2,650 · excluded $2,650

• 5 · Royalties

  total $182 · excluded $182

• 6a · Gross rents

  real property $750,132

• 6b · Less rental expenses

  real property $348,780

• 6c · Rental income or loss

  real property $401,352

• 6d · Net rental income or loss

  total $401,352 · excluded $401,352

• 7a · Gross sales of assets other than inventory

  other assets $13,127

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

  other assets $0

• 7c · Gain or loss

  other assets $13,127

• 7d · Net gain or loss

  total $13,127 · excluded $13,127

• 8a · Fundraising events: gross income

  $216,285

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

  $622,655

• 8b · Fundraising events: direct expenses

  $586,078

• 8c · Net income from fundraising events

  total -$369,793 · excluded -$369,793

• 11a · Other revenue: CONCESSIONS

  total $154,650 · excluded $154,650

• 11b · Other revenue: VENDOR REFUND

  total $66,029 · excluded $66,029

• 11c · Other revenue: MISCELLANEOUS REVENUE

  total $56,726 · excluded $56,726

• 11e · Other revenue, total

  $277,405

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $752,036 · program services $225,611 · management and general $376,018 · fundraising $150,407

• 7 · Other salaries and wages

  total $15,642,223 · program services $13,516,756 · management and general $1,034,039 · fundraising $1,091,428

• 8 · Pension plan contributions

  total $1,762,304 · program services $1,606,684 · management and general $155,620

• 9 · Other employee benefits

  total $2,609,023 · program services $2,351,363 · management and general $53,658 · fundraising $204,002

• 10 · Payroll taxes

  total $1,214,576 · program services $1,033,764 · management and general $94,537 · fundraising $86,275

• 11b · Fees: legal

  total $1,234 · management and general $1,234

• 11c · Fees: accounting

  total $99,269 · management and general $99,269

• 11d · Fees: lobbying

  total $63,272 · management and general $63,272

• 11e · Fees: professional fundraising services

  total $403,344 · fundraising $403,344

• 11g · Fees: other

  total $3,479,688 · program services $3,122,677 · management and general $257,113 · fundraising $99,898

• 12 · Advertising and promotion

  total $1,972,752 · program services $1,458,398 · fundraising $514,354

• 13 · Office expenses

  total $338,227 · program services $226,391 · management and general $105,092 · fundraising $6,744

• 14 · Information technology

  total $342,099 · program services $2,000 · management and general $340,099

• 16 · Occupancy

  total $1,976,653 · program services $1,844,080 · fundraising $132,573

• 17 · Travel

  total $686,107 · program services $630,882 · management and general $41,722 · fundraising $13,503

• 20 · Interest

  total $407,748 · management and general $407,748

• 22 · Depreciation, depletion and amortization

  total $137,146 · program services $137,146

• 23 · Insurance

  total $254,533 · program services $5,630 · management and general $248,903

• 24a · Other expenses: CREDIT CARD FEES

  total $446,615 · program services $446,615

• 24b · Other expenses: OTHER EXPENSES

  total $321,699 · program services $148,438 · management and general $30,129 · fundraising $143,132

• 24c · Other expenses: ANNUAL FUND WRITE OFF E

  total $290,638 · fundraising $290,638

• 24d · Other expenses: EQUIPMENT RENTAL

  total $272,732 · program services $272,732

• 24e · All other expenses

  total $242,911 · program services $231,980 · management and general -$685 · fundraising $11,616

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $750 · end of year $750

• 2 · Savings and temporary cash investments

  beginning of year $1,738,668 · end of year $4,075,095

• 3 · Pledges and grants receivable

  beginning of year $3,234,014 · end of year $1,231,385

• 4 · Accounts receivable

  beginning of year $641,052 · end of year $311,119

• 8 · Inventories for sale or use

  beginning of year $30,654 · end of year $30,654

• 9 · Prepaid expenses and deferred charges

  beginning of year $991,078 · end of year $1,072,288

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

  $3,390,265

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

  $2,923,572

• 10c · Land, buildings and equipment, net

  beginning of year $519,312 · end of year $466,693

• 15 · Other assets

  beginning of year $1,296,710 · end of year $2,087,147

• 17 · Accounts payable and accrued expenses

  beginning of year $921,344 · end of year $1,614,512

• 19 · Deferred revenue

  beginning of year $4,108,108 · end of year $4,692,921

• 23 · Secured mortgages and notes payable

  beginning of year $1,110,000 · end of year $2,240,000

• 25 · Other liabilities

  beginning of year $13,611,786 · end of year $12,909,698

• 27 · Net assets without donor restrictions

  beginning of year -$14,847,000 · end of year -$16,076,000

• 28 · Net assets with donor restrictions

  beginning of year $3,548,000 · end of year $3,894,000

The filer's explanations (Part III)

PART I, LINE 4B

DURING CALANDER YEAR 2022, THE FOLLOWING PARTICIPATED IN THE BALTIMORE SYMPHONY ORCHESTRA, INC. SUPPLEMENTAL EXECUTIVE DEFERRED COMPENSATION PLAN ("SERP"): MARK HANSON $17,466 DURING CALENDAR YEAR 2022, THE FOLLOWING RECEIVED PAYMENTS AS PART OF THEIR PARTICIPATION IN THE SERP PLAN: PETER KJOME $56,883 PETER KJOMES'S COMPENSATION IS FOR SERVICES PROVIDED AS THE CEO OF BSO AND BSET, NOT FOR SERVICES AS A FORMER DIRECTOR.

PART II, LINE 4, DISCLOSURE INFORMATION

OPUS 3 ARTISTS, LLC A COMPANY THAT MANAGES DISTINGUISHED PERFORMING ARTISTS, WAS PAID $159,000, AS AN INDEPENDENT CONTRACTOR FOR MARIN ALSOP'S INDEPENDENT SERVICES OUTSIDE OF HER COMPENSATION AGREEMENT WITH THE BSO.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CATHEDRAL PARKING INC

  C · PARKING GARAGE · MD · controlled entity