Form 990 for tax year 2022
Filed by PORTLAND MAINE SYMPHONY ORCHESTRA.
Totals
- Total revenue
- $4,272,536
- Total expenses
- $4,317,015
- Contributions and grants received
- $2,068,548
- Grants paid
- $0
- Program service revenue
- $1,656,894
- Investment income
- $460,908
- Other revenue
- $86,186
- Total assets, end of year
- $15,577,911
- Total liabilities, end of year
- $803,649
- Net assets or fund balances, end of year
- $14,774,262
- Program services expenses (Part IX)
- $2,662,888
- Management and general expenses
- $1,309,141
- Fundraising expenses
- $344,986
- Program service expenses (Part III)
- $2,662,888
Program services were 61.7% 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
$48,530
-
1f · All other contributions, gifts and grants
$2,020,018
-
1g · Noncash contributions included above
$229,446
-
2a · Program service revenue: CONCERTS
total $1,616,960 · related or exempt $1,616,960
-
2b · Program service revenue: PROGRAM ADVERTISING UBI
total $39,934 · unrelated business $39,934
-
3 · Investment income
total $353,302 · excluded $353,302
-
7a · Gross sales of assets other than inventory
securities $824,489
-
7b · Less cost or other basis and sales expenses
securities $716,883
-
7c · Gain or loss
securities $107,606
-
7d · Net gain or loss
total $107,606 · excluded $107,606
-
8a · Fundraising events: gross income
$30,021
-
8a · Fundraising events: contributions included on line 1c
$48,530
-
8b · Fundraising events: direct expenses
$30,490
-
8c · Net income from fundraising events
total -$469 · excluded -$469
-
11a · Other revenue: PORTTIX, LLC
total $36,838 · unrelated business $36,838
-
11b · Other revenue: PORTTIX, LLC
total $18,292 · related or exempt $18,292
-
11c · Other revenue: MANAGEMENT FEE
total $13,364 · unrelated business $13,364
-
11d · All other revenue
total $18,161 · related or exempt $8,557 · excluded $9,604
-
11e · Other revenue, total
$86,655
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $145,343 · program services $93,044 · management and general $32,746 · fundraising $19,553
-
7 · Other salaries and wages
total $1,937,342 · program services $1,301,728 · management and general $394,860 · fundraising $240,754
-
8 · Pension plan contributions
total $8,664 · program services $6,317 · management and general $1,621 · fundraising $726
-
9 · Other employee benefits
total $115,848 · program services $42,537 · management and general $47,502 · fundraising $25,809
-
10 · Payroll taxes
total $163,849 · program services $117,018 · management and general $28,505 · fundraising $18,326
-
11b · Fees: legal
total $34,632 · management and general $34,632
-
11c · Fees: accounting
total $22,000 · management and general $22,000
-
11f · Fees: investment management
total $35,175 · management and general $35,175
-
11g · Fees: other
total $89,124 · management and general $77,095 · fundraising $12,029
-
12 · Advertising and promotion
total $337,617 · management and general $337,617
-
13 · Office expenses
total $106,066 · program services $8,382 · management and general $88,137 · fundraising $9,547
-
17 · Travel
total $292,189 · program services $292,189
-
22 · Depreciation, depletion and amortization
total $8,007 · program services $8,007
-
23 · Insurance
total $43,542 · program services $23,747 · management and general $19,795
-
24a · Other expenses: GUEST ARTISTS
total $273,228 · program services $273,228
-
24b · Other expenses: STAGING & PRODUCTION COST
total $243,134 · program services $243,134
-
24c · Other expenses: RENTALS
total $201,983 · program services $109,494 · management and general $92,489
-
24d · Other expenses: MISCELLANEOUS
total $63,187 · management and general $51,373 · fundraising $11,814
-
24e · All other expenses
total $196,085 · program services $144,063 · management and general $45,594 · fundraising $6,428
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $273,923 · end of year $373,376
-
2 · Savings and temporary cash investments
beginning of year $2,102,489 · end of year $1,879,778
-
3 · Pledges and grants receivable
beginning of year $80,723 · end of year $558,778
-
4 · Accounts receivable
beginning of year $82,067 · end of year $1,536
-
9 · Prepaid expenses and deferred charges
beginning of year $130,116 · end of year $137,550
-
10a · Land, buildings and equipment: cost or other basis
$353,896
-
10b · Land, buildings and equipment: accumulated depreciation
$322,806
-
10c · Land, buildings and equipment, net
beginning of year $39,097 · end of year $31,090
-
11 · Investments: publicly traded securities
beginning of year $11,958,247 · end of year $11,883,013
-
12 · Investments: other securities
beginning of year $70,086 · end of year $83,191
-
15 · Other assets
end of year $629,599
-
17 · Accounts payable and accrued expenses
beginning of year $158,646 · end of year $152,238
-
19 · Deferred revenue
beginning of year $13,512 · end of year $21,512
-
25 · Other liabilities
beginning of year $349 · end of year $629,899
-
27 · Net assets without donor restrictions
beginning of year $5,468,771 · end of year $5,358,319
-
28 · Net assets with donor restrictions
beginning of year $9,095,470 · end of year $9,415,943
Mission and programs · 2022
Mission
THE PORTLAND SYMPHONY ORCHESTRA (PSO) SERVES OUR COMMUNITY BY ENRICHING LIVES THROUGH MUSIC. THE PSO STRIVES FOR THE HIGHEST POSSIBLE LEVEL OF ARTISTIC QUALITY; INSPIRES CHILDREN AND ADULTS THROUGH MUSIC EDUCATION AND ENCOURAGES LIFELONG MUSICAL LEARNING; DEVELOPS AND NURTURES COMMUNITY RELATIONSHIPS THAT ARE MUTUALLY BENEFICIAL; AND PROMOTES A CULTURE OF MUTUAL RESPECT THAT BUILDS SHARED COMMITMENT AND COLLABORATION.
-
THE PORTLAND SYMPHONY ORCHESTRA, CHARTERED IN 1932, IS MAINE'S LARGEST PROFESSIONAL ORCHESTRA WITH AN ANNUAL BUDGET OF 4.3 MILLION . DURING THE 2022-2023 SEASON, THE SYMPHONY REMAINED CONNECTED TO AUDIENCES THROUGH THE PANDEMIC BY BOTH OFFERING LIVE PERFORMANCES AS WELL AS DIGITALLY OFFERING CONCERTS RECORDED AT MERRILL AUDITORIUM. PERFORMANCES INCLUDE 11 CLASSICAL, 5 POPS, 3 DISCOVERY FAMILY CONCERTS, THE MAGIC OF CHRISTMAS, MULTIPLE SCHOOL LESSONS, KINDERKONZERTS, AND A 3-CONCERT SUMMER SERIES IN OLD ORCHARD PAVILION.
Expenses $2,662,888 · Revenue $1,638,726
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Carolyn NishonCAROLYN NISHON
EXECUTIVE DI
- Total calculated
- $139,664
- From this org
- $127,209
- From related orgs
- $0
- Other
- $12,455
- Hours/week
- 40
-
Eckart PreuECKART PREU
MUSIC DIRECT
- Total calculated
- $172,999
- From this org
- $161,694
- From related orgs
- $0
- Other
- $11,305
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,694
- Bonus
- not reported
- Other
- not reported
- Deferred
- $11,305
- Nontaxable benefits
- not reported
- Filer's total
- $172,999
-
Wendy Suehrstedt Thru 731WENDY SUEHRSTEDT THRU 731
BOARD PRESID
- Total calculated
- $0
- Hours/week
- 4.5
-
Lucas DesmondLUCAS DESMOND
TREASURER &
- Total calculated
- $0
- Hours/week
- 2.5
-
Rick AbbondanzaRICK ABBONDANZA
VP ANNUAL FU
- Total calculated
- $0
- Hours/week
- 2.5
-
Stephanie BoweSTEPHANIE BOWE
VP CELL
- Total calculated
- $0
- Hours/week
- 2.5
-
Vicki GordanVICKI GORDAN
VP ORCHESTRA
- Total calculated
- $0
- Hours/week
- 2.5
-
Mary B NealMARY B NEAL
VP ARTISTIC
- Total calculated
- $0
- Hours/week
- 2.5
-
Daniel CreweDANIEL CREWE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Victoria DevlinVICTORIA DEVLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Nicolas DosmanNICOLAS DOSMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Talya EdlundTALYA EDLUND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Janice GerryJANICE GERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Elizabeth Mitchell HuntELIZABETH MITCHELL HUNT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Gretchen JohnsonGRETCHEN JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Michael JohnsonMICHAEL JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
James KarenJAMES KAREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Richard KellyRICHARD KELLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Colleen KhouryCOLLEEN KHOURY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Nina MillerNINA MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Nicola MorrisNICOLA MORRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Jennifer SegalJENNIFER SEGAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Lendall L SmithLENDALL L SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
April TardiffAPRIL TARDIFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Oliver Te BoekhorstOLIVER TE BOEKHORST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
William C ThorntonWILLIAM C THORNTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Seth WebberSETH WEBBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Breda WhiteBREDA WHITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
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 · 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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
PORTTIX LLC
UNRELATED · BOX OFFICE · ME · 50% owned · share of income $64,734 · share of assets $1,643,559
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333469349301108
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