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Nonprofiteer
← FLORIDA WEST COAST SYMPHONY INC

Form 990 for tax year 2022

Filed by FLORIDA WEST COAST SYMPHONY INC.

Totals

Total revenue
$10,091,175
Total expenses
$13,385,444
Contributions and grants received
$7,553,677
Grants paid
$29,269
Program service revenue
$3,570,584
Investment income
-$1,609,174
Other revenue
$576,088
Total assets, end of year
$31,780,178
Total liabilities, end of year
$3,340,195
Net assets or fund balances, end of year
$28,439,983
Program services expenses (Part IX)
$10,968,087
Management and general expenses
$972,976
Fundraising expenses
$1,444,381
Program service expenses (Part III)
$10,968,087

Program services were 81.9% 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

    $149,055

  • 1d · Related organizations

    $1,300,000

  • 1e · Government grants (contributions)

    $694,486

  • 1f · All other contributions, gifts and grants

    $5,410,136

  • 2a · Program service revenue: SYMPHONY CONCERTS

    total $2,887,474 · related or exempt $2,887,474

  • 2b · Program service revenue: CONTRACT REVENUE

    total $308,446 · related or exempt $308,446

  • 2c · Program service revenue: MUSIC FESTIVAL

    total $280,456 · related or exempt $280,456

  • 2d · Program service revenue: MUSIC EDUCATION

    total $94,208 · related or exempt $94,208

  • 3 · Investment income

    total $530,736 · excluded $530,736

  • 6a · Gross rents

    real property $11,718

  • 6b · Less rental expenses

    real property $24,371

  • 6c · Rental income or loss

    real property -$12,653

  • 6d · Net rental income or loss

    total -$12,653 · excluded -$12,653

  • 7a · Gross sales of assets other than inventory

    securities $14,743,374

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

    securities $16,883,284

  • 7c · Gain or loss

    securities -$2,139,910

  • 7d · Net gain or loss

    total -$2,139,910 · excluded -$2,139,910

  • 8a · Fundraising events: gross income

    $811,570

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

    $149,055

  • 8b · Fundraising events: direct expenses

    $345,816

  • 8c · Net income from fundraising events

    total $465,754 · excluded $465,754

  • 10a · Gross sales of inventory

    $4,350

  • 10b · Cost of goods sold

    $6,836

  • 10c · Net income from sales of inventory

    total -$2,486 · excluded -$2,486

  • 11a · Other revenue: OTHER REVENUE

    total $123,888 · excluded $123,888

  • 11b · Other revenue: PROGRAM ROYALTIES

    total $1,585 · unrelated business $1,585

  • 11e · Other revenue, total

    $125,473

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $29,269 · program services $29,269

  • 5 · Compensation of officers, directors and key employees

    total $664,821 · program services $349,692 · management and general $104,310 · fundraising $210,819

  • 7 · Other salaries and wages

    total $7,343,696 · program services $6,161,144 · management and general $434,927 · fundraising $747,625

  • 8 · Pension plan contributions

    total $253,630 · program services $209,260 · management and general $19,080 · fundraising $25,290

  • 9 · Other employee benefits

    total $727,049 · program services $566,263 · management and general $63,719 · fundraising $97,067

  • 10 · Payroll taxes

    total $538,176 · program services $428,079 · management and general $42,017 · fundraising $68,080

  • 11b · Fees: legal

    total $64,071 · program services $57,313 · management and general $2,011 · fundraising $4,747

  • 11c · Fees: accounting

    total $46,276 · program services $41,394 · management and general $1,453 · fundraising $3,429

  • 11f · Fees: investment management

    total $46,691 · management and general $46,691

  • 11g · Fees: other

    total $416,421 · program services $372,494 · management and general $13,072 · fundraising $30,855

  • 12 · Advertising and promotion

    total $321,413 · program services $318,378 · management and general $3,035

  • 13 · Office expenses

    total $410,281 · program services $312,510 · management and general $32,786 · fundraising $64,985

  • 14 · Information technology

    total $146,733 · program services $48,748 · management and general $97,985

  • 16 · Occupancy

    total $1,178,853 · program services $1,108,897 · management and general $34,931 · fundraising $35,025

  • 17 · Travel

    total $55,719 · program services $31,491 · management and general $1,360 · fundraising $22,868

  • 22 · Depreciation, depletion and amortization

    total $233,044 · program services $187,839 · management and general $23,949 · fundraising $21,256

  • 23 · Insurance

    total $530 · program services $530

  • 24a · Other expenses: OTHER PRODUCTION EXPENS

    total $606,620 · program services $540,127 · management and general $721 · fundraising $65,772

  • 24b · Other expenses: FACULTY & STUDENT HOUSI

    total $159,541 · program services $159,499 · management and general $42

  • 24c · Other expenses: MISCELLANEOUS

    total $123,117 · program services $36,162 · management and general $50,512 · fundraising $36,443

  • 24d · Other expenses: OTHER FUNDRAISING EXPEN

    total $10,495 · management and general $375 · fundraising $10,120

  • 24e · All other expenses

    total $8,998 · program services $8,998

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,968,233 · end of year $5,718,759

  • 2 · Savings and temporary cash investments

    beginning of year $4,494,248 · end of year $2,754,087

  • 3 · Pledges and grants receivable

    beginning of year $166,209 · end of year $300,666

  • 4 · Accounts receivable

    beginning of year $250,229 · end of year $628,817

  • 9 · Prepaid expenses and deferred charges

    beginning of year $73,288 · end of year $220,684

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

    $22,460,803

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

    $4,567,056

  • 10c · Land, buildings and equipment, net

    beginning of year $3,078,670 · end of year $17,893,747

  • 11 · Investments: publicly traded securities

    beginning of year $15,837,800 · end of year $3,819,711

  • 15 · Other assets

    beginning of year $450,902 · end of year $443,707

  • 17 · Accounts payable and accrued expenses

    beginning of year $913,368 · end of year $1,448,464

  • 19 · Deferred revenue

    beginning of year $1,819,694 · end of year $1,891,731

  • 27 · Net assets without donor restrictions

    beginning of year $6,670,800 · end of year $18,504,376

  • 28 · Net assets with donor restrictions

    beginning of year $23,915,717 · end of year $9,935,607

Mission and programs · 2022

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)

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.

  • SARASOTA ORCHESTRA IS ONE OF THE LEADING REGIONAL ORCHESTRAS IN THE UNITED STATES, PERFORMING A WIDE RANGE OF CLASSICAL, POPS, AND CHAMBER MUSIC CONCERTS. PRIOR TO THE COVID-19 PANDEMIC, EACH SEASON SARASOTA ORCHESTRA PERFORMED FOR MORE THAN 88,000 PEOPLE ACROSS MORE THAN 100 LIVE MUSICAL PERFORMANCES IN A 36-WEEK SEASON FROM SEPTEMBER TO MAY. THE 2022-2023 CONCERT SEASON CONTINUED TO SEE AUDIENCE RECOVERY FROM THE PANDEMIC. HIGHLIGHTS OF THE SEASON INCLUDED YO-YO MA PERFORMING WITH THE ORCHESTRA, HOSTING A SPECIAL PERFORMANCE BY ONE OF OUR PARTNERS, THE SPHINX ENSEMBLE, THE CONTINUATION OF FREE, OUTDOOR CONCERTS IN LOCAL PARKS AND CULTURAL DESTINATIONS (A NEW PROGRAM DEVELOPED TO SUSTAIN THE SARASOTA ORCHESTRA'S MISSION TO BRING LIVE MUSIC TO THE COMMUNITY SAFELY IN PANDEMIC CONDITIONS). 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, A DEDICATED FREE FAMILY CONCERT, AND FREE TICKETS THROUGH VETTIX AND TICKETS FOR KIDS PROGRAMS 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 $9,105,831 · Revenue $3,195,920

  • 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 $1,284,578 · Revenue $280,456

  • FOR 62 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. AFTER MODIFYING THE PROGRAM IN THE PREVIOUS SEASON TO SAFELY SUPPORT IN-PERSON REHEARSALS FOR FOUR ENSEMBLES, OPERATIONS OF THE SARASOTA YOUTH ORCHESTRAS WERE ABLE TO OFFER FIVE ENSEMBLES IN THE 2021-2022 SEASON, PROVIDING MUSIC EDUCATION TO 177 YOUNG MUSICIANS. 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. AFTER MODIFYING THE 2021 SUMMER MUSIC CAMP TO PRESENT FOUR HALF DAY IN-PERSON SESSIONS OVER FOUR WEEKS, THE 2022 SUMMER MUSIC CAMP OFFERED TWO WEEKS OF HALF DAY INSTRUCTION, CONCLUDING WITH A FREE RECITAL FOR CAMPERS' FAMILIES AND THE GENERAL PUBLIC. 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 EXPERIENCETO 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. DUE TO A FALL FIELD TRIP FREEZE IN OUR SCHOOLS, SARASOTA ORCHESTRA WAS UNABLE TO OFFER IN-PERSON YOUNG PERSON'S CONCERTS IN FY22, SHIFTING TO A VIDEOED PROGRAM WHICH WAS SENT TO ALL K-12 GRADE SCHOOLS IN MANATEE AND SARASOTA COUNTIES.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 $577,678 · Grants $29,269 · Revenue $94,208

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tom Koski

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Mike Esposito

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rose-Anne Frano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Deborah Hamm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Henry Kahwaty

    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

  • Alison Madsen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robin Serbin

    DIRECTOR

    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

  • Tom Ryan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jill Levine

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Billy Robinson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Richard Rivera

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Lois Stulberg

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • David Green

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Joseph McKenna

    PRESIDENT AND CEO

    Total calculated
    $299,083
    From this org
    $256,214
    From related orgs
    $0
    Other
    $42,869
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $252,614
    Bonus
    $0
    Other
    $3,600
    Deferred
    $27,117
    Nontaxable benefits
    $15,752
    Filer's total
    $299,083

  • Cathy Wilson

    CHEIF FINANCIAL OFFICER

    Total calculated
    $176,919
    From this org
    $151,585
    From related orgs
    $0
    Other
    $25,334
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,585
    Bonus
    $0
    Other
    $0
    Deferred
    $15,820
    Nontaxable benefits
    $9,514
    Filer's total
    $176,919

  • Gordon Greenfield

    CHIEF OPERATING OFFICER

    Total calculated
    $146,658
    From this org
    $131,450
    From related orgs
    $0
    Other
    $15,208
    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

  • 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
2022
Filed
12 December 2023
IRS schema version
2022v5.0
Source object
202303479349300610

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