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Nonprofiteer
← FLORIDA WEST COAST SYMPHONY INC

Form 990 for tax year 2024

Filed by FLORIDA WEST COAST SYMPHONY INC.

Totals

Total revenue
$41,951,923
Total expenses
$15,747,249
Contributions and grants received
$35,700,685
Grants paid
$33,284
Program service revenue
$3,557,651
Investment income
$2,151,476
Other revenue
$542,111
Total assets, end of year
$111,857,902
Total liabilities, end of year
$4,967,176
Net assets or fund balances, end of year
$106,890,726
Program services expenses (Part IX)
$12,053,986
Management and general expenses
$1,230,072
Fundraising expenses
$2,463,191
Program service expenses (Part III)
$12,053,986

Program services were 76.5% 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.

  • 1c · Fundraising events

    $110,150

  • 1d · Related organizations

    $1,758,698

  • 1e · Government grants (contributions)

    $541,325

  • 1f · All other contributions, gifts and grants

    $33,290,512

  • 1g · Noncash contributions included above

    $27,500

  • 2a · Program service revenue: Symphony Concerts

    total $2,837,081 · related or exempt $2,837,081

  • 2b · Program service revenue: Contract Revenue

    total $365,765 · related or exempt $365,765

  • 2c · Program service revenue: Music Festival

    total $259,630 · related or exempt $259,630

  • 2d · Program service revenue: Music Education

    total $95,175 · related or exempt $95,175

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,071,761 · excluded $2,071,761

  • 6a · Gross rents

    real property $26,899

  • 6b · Less rental expenses

    real property $53,992

  • 6c · Rental income or loss

    real property -$27,093 · personal property $0

  • 6d · Net rental income or loss

    total -$27,093 · excluded -$27,093

  • 7a · Gross sales of assets other than inventory

    securities $25,083,576

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

    securities $25,003,861

  • 7c · Gain or loss

    securities $79,715 · other assets $0

  • 7d · Net gain or loss

    total $79,715 · excluded $79,715

  • 8a · Fundraising events: gross income

    $917,021

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

    $110,150

  • 8b · Fundraising events: direct expenses

    $397,769

  • 8c · Net income from fundraising events

    total $519,252 · excluded $519,252

  • 10a · Gross sales of inventory

    $5,515

  • 10b · Cost of goods sold

    $9,911

  • 10c · Net income from sales of inventory

    total -$4,396 · excluded -$4,396

  • 11a · Other revenue: Other Revenue

    total $54,122 · related or exempt $54,122

  • 11b · Other revenue: Program Royalties

    total $226 · unrelated business $226

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $54,348

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $33,284 · program services $33,284

  • 5 · Compensation of officers, directors and key employees

    total $771,893 · program services $395,404 · management and general $117,412 · fundraising $259,077

  • 7 · Other salaries and wages

    total $8,010,434 · program services $6,466,857 · management and general $512,916 · fundraising $1,030,661

  • 9 · Other employee benefits

    total $1,112,792 · program services $850,005 · management and general $93,296 · fundraising $169,491

  • 10 · Payroll taxes

    total $599,216 · program services $462,191 · management and general $47,334 · fundraising $89,691

  • 11b · Fees: legal

    total $55,849 · program services $26,248 · management and general $607 · fundraising $28,994

  • 11c · Fees: accounting

    total $47,945 · program services $18,059 · management and general $11,827 · fundraising $18,059

  • 11f · Fees: investment management

    total $101,809 · management and general $101,809

  • 11g · Fees: other

    total $1,040,307 · program services $493,404 · management and general $0 · fundraising $546,903

  • 12 · Advertising and promotion

    total $587,737 · program services $584,448 · management and general $3,289

  • 13 · Office expenses

    total $491,861 · program services $367,200 · management and general $39,696 · fundraising $84,965

  • 14 · Information technology

    total $202,031 · program services $82,287 · management and general $119,744

  • 16 · Occupancy

    total $1,082,127 · program services $983,106 · management and general $43,883 · fundraising $55,138

  • 17 · Travel

    total $75,590 · program services $57,149 · management and general $9,288 · fundraising $9,153

  • 22 · Depreciation, depletion and amortization

    total $181,944 · program services $143,250 · management and general $19,817 · fundraising $18,877

  • 23 · Insurance

    total $1,466 · program services $1,466

  • 24a · Other expenses: Production expense

    total $785,388 · program services $770,270 · management and general $2,420 · fundraising $12,698

  • 24b · Other expenses: Faculty and student housing

    total $225,770 · program services $225,770

  • 24c · Other expenses: Miscellaneous

    total $212,590 · program services $60,600 · management and general $101,734 · fundraising $50,256

  • 24d · Other expenses: Communication and engagement

    total $65,975 · program services $32,988 · fundraising $32,987

  • 24e · All other expenses

    total $61,241 · program services $0 · management and general $5,000 · fundraising $56,241

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,604,652 · end of year $5,060,329

  • 2 · Savings and temporary cash investments

    beginning of year $54,978,820 · end of year $11,325,136

  • 3 · Pledges and grants receivable

    beginning of year $391,657 · end of year $22,552,949

  • 4 · Accounts receivable

    beginning of year $116,968 · end of year $1,044,491

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $181,660 · end of year $328,554

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

    $32,112,636

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

    $4,951,485

  • 10c · Land, buildings and equipment, net

    beginning of year $18,452,963 · end of year $27,161,151

  • 11 · Investments: publicly traded securities

    beginning of year $3,349,417 · end of year $43,939,015

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $447,591 · end of year $446,277

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,049,777 · end of year $2,907,340

  • 19 · Deferred revenue

    beginning of year $1,907,106 · end of year $2,059,836

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $23,869,626 · end of year $30,923,354

  • 28 · Net assets with donor restrictions

    beginning of year $56,697,219 · end of year $75,967,372

Mission and programs · 2024

Mission

The mission of the Sarasota Orchestra is to engage, educate and enrich our community through high quality live musical experiences. Sarasota Orchestra is committed to engaging our community with the highest standards in performing and programming, operating in a culture of service, respect and collaboration, and performing classical music and welcoming great music from other genres.

Activities or mission (Part I)

To engage, educate and enrich our community through high quality live musical experiences.

  • Sarasota Orchestra is one of the leading regional orchestras in the United States, performing a wide range of classical, Pops, and chamber music concerts. Each season Sarasota Orchestra performs for more than 65,000 people across more than 100 live musical performances in a 36-week season from September to May. The 2024-2025 concert season was impacted by hurricane damage to its primary performance venue requiring the cancellation or relocation of fall concerts to smaller venues. Highlights of the season included Billy Child's Concerto for saxaphone, Arturo Marquez' Fandango violin concerto, performances of Peter and the Wolf in Spanish and English in the spring, and the popular Outdoor Pops concerts at Ed Smith statium that attracted more than 5,000 people from the community. Sarasota Orchestra employs 76 contracted musicians, with 48 musicians forming the Orchestra's full-time core. Its outreach programs, including the "On the Road with SO" community tour, free tickets through VetTix and Tickets for Kids, and a range of social services programs in order to connect with Sarasota and Manatee County residents of all ages who may not otherwise have access to concert experiences, thereby strengthening the community's artistic profile and reputation as a cultural hub in Florida.

    Expenses $9,858,620 · Revenue $3,256,968

  • Founded in 1965, the Sarasota Music Festival is one of the United States' premier teaching and performance festivals focused on chamber music. It was designated by the Florida State legislature as the "Official teaching and performing Festival of the State of Florida" in 1984. Through a competitive application process, the Festival accepts more than 60 talented fellows each summer, the majority of them college-aged, pre-professional artists, to participate in three weeks of master classes and coaching sessions, along with public orchestral and chamber music performances. A roster of more than 40 internationally-acclaimed musicians representing the world's top orchestras, conservatories, and colleges come to the Festival to mentor and perform alongside the fellows. Jeffrey Kahane has served as Music Director of the Sarasota Music Festival since 2016. Festival audiences enjoy a wide variety of concert experiences and events, including Thursday afternoon Artist Showcases featuring the faculty artists; concerts of chamber and orchestral music on Fridays and Saturdays; and Sunday "Rising Stars" recitals in which the fellows are both the stars and curators of the programs. Many patrons enjoy the option of purchasing Festival Passes, which allow access to the artists' master classes and rehearsals. Special events and lectures throughout the Festival offer rare opportunities for all Festival participants, audiences and musicians alike, to engage with living composers and top performing artists of today.

    Expenses $1,212,588 · Revenue $259,630

  • For over 65 years, Sarasota Orchestra has sponsored a Youth Orchestra Program that currently consists of eight orchestras: five string orchestras, one wind band, and two symphonic orchestras. The Sarasota Youth Orchestras meet once a week from September through April and present six concerts that are free to the public. 54% of the Sarasota Youth Orchestras' students were supported by scholarship assistance. Sarasota Orchestra also presents a Summer Music Camp for two weeks each July. Sarasota Orchestra's Summer Music Camp supports "true beginners," enabling aspiring musicians as young as eight years old to learn how to play an instrument with no prior experience. To ensure all students have access to music instruction and educational programs, Sarasota Orchestra provides scholarships for participation in Sarasota Youth Orchestras and Summer Music Camp, as well as private lesson, summer camps, and college scholarships. Students also have the opportunity to borrow instruments from the orchestra. Other education programs include the Young Person's Concert, which engages more than 9,000 fourth- and fifth- graders from Sarasota and Manatee County schools. The program includes an in-school preparation curriculum guide and culminates in a concert by Sarasota Orchestra held at a professional concert venue. The curriculum for the Young Person's Concert aligns with the Florida and National Education Standards. The Young Person's Concerts were cancelled due to hurricanes and the program will be performed in fall 2025. Other outreach programs include orchestra musicians performing and coaching in local schools and other community venues. In a regular season, the total number of children and family members served by Sarasota Orchestra's educational programming exceeds 15,000.

    Expenses $982,778 · Grants $33,284 · Revenue $95,175

As filed on the 2024 return.

Listed in Part VII

  • Billy Robinson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • David Green

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jill Levine

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Richard Rivera

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Rose-Anne Frano

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Tom Koski

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Anne Folsom Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Steves

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kim Wheeler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lois Stulberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mike Esposito

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Peter Kretzmer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rick Lannamann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robin Serbin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tom Ryan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cathy Wilson

    CHIEF FINANCIAL OFFICER

    Total calculated
    $205,663
    From this org
    $176,747
    From related orgs
    $0
    Other
    $28,916
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,747
    Bonus
    $0
    Other
    $0
    Deferred
    $20,184
    Nontaxable benefits
    $8,732
    Filer's total
    $205,663

  • Gordon Greenfield

    CHIEF MARKETING & COMMUNICATIONS OFFICER

    Total calculated
    $160,655
    From this org
    $131,629
    From related orgs
    $0
    Other
    $29,026
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,629
    Bonus
    $0
    Other
    $0
    Deferred
    $17,426
    Nontaxable benefits
    $11,600
    Filer's total
    $160,655

  • Joseph McKenna

    PRESIDENT AND CEO

    Total calculated
    $346,057
    From this org
    $281,144
    From related orgs
    $0
    Other
    $64,913
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $277,544
    Bonus
    $0
    Other
    $3,600
    Deferred
    $33,044
    Nontaxable benefits
    $31,869
    Filer's total
    $346,057

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

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
2024
Filed
13 December 2025
IRS schema version
2024v5.1
Source object
202533479349300003

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