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Nonprofiteer
← MUSIC AND EVENT MANAGEMENT INC

Form 990 for tax year 2023

Filed by MUSIC AND EVENT MANAGEMENT INC.

Totals

Total revenue
$76,724,869
Total expenses
$76,939,474
Contributions and grants received
$2,433,145
Grants paid
$9,056,167
Program service revenue
$55,770,054
Investment income
$1,155,468
Other revenue
$17,366,202
Total assets, end of year
$36,986,907
Total liabilities, end of year
$25,117,316
Net assets or fund balances, end of year
$11,869,591
Program services expenses (Part IX)
$64,978,434
Management and general expenses
$11,961,040
Fundraising expenses
$0
Program service expenses (Part III)
$64,978,434

Program services were 84.5% 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.

  • 1e · Government grants (contributions)

    $75,000

  • 1f · All other contributions, gifts and grants

    $2,358,145

  • 2a · Program service revenue: EVENT MANAGEMENT REVENUE

    total $55,770,054 · related or exempt $55,770,054

  • 3 · Investment income

    total $1,155,468 · excluded $1,155,468

  • 10a · Gross sales of inventory

    $28,064,812

  • 10b · Cost of goods sold

    $10,698,610

  • 10c · Net income from sales of inventory

    total $17,366,202 · related or exempt $1,261,401 · excluded $16,104,801

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,056,167 · program services $9,056,167

  • 5 · Compensation of officers, directors and key employees

    total $1,665,794 · program services $737,387 · management and general $928,407

  • 7 · Other salaries and wages

    total $9,298,229 · program services $4,246,809 · management and general $5,051,420

  • 8 · Pension plan contributions

    total $54,957 · program services $17,526 · management and general $37,431

  • 9 · Other employee benefits

    total $1,044,844 · program services $333,205 · management and general $711,639

  • 10 · Payroll taxes

    total $961,425 · program services $543,842 · management and general $417,583

  • 11b · Fees: legal

    total $292,159 · management and general $292,159

  • 11c · Fees: accounting

    total $24,250 · management and general $24,250

  • 11d · Fees: lobbying

    total $63,000 · management and general $63,000

  • 11g · Fees: other

    total $717,686 · program services $60,613 · management and general $657,073

  • 12 · Advertising and promotion

    total $2,383,590 · program services $2,366,049 · management and general $17,541

  • 13 · Office expenses

    total $175,552 · program services $783 · management and general $174,769

  • 16 · Occupancy

    total $1,407,274 · program services $670,713 · management and general $736,561

  • 17 · Travel

    total $240,850 · program services $172,333 · management and general $68,517

  • 19 · Conferences, conventions and meetings

    total $1,056,785 · program services $1,000,071 · management and general $56,714

  • 22 · Depreciation, depletion and amortization

    total $97,592 · program services $6,196 · management and general $91,396

  • 23 · Insurance

    total $528,729 · program services $460,162 · management and general $68,567

  • 24a · Other expenses: ARTIST FEES

    total $30,362,866 · program services $30,362,866

  • 24b · Other expenses: PERFORMANCE COSTS

    total $12,462,778 · program services $12,462,778

  • 24c · Other expenses: MERCHANDISE EXPENSE

    total $1,909,848 · program services $1,909,848

  • 24d · Other expenses: BANK AND CREDIT CARD CH

    total $589,526 · program services $443,968 · management and general $145,558

  • 24e · All other expenses

    total $2,545,573 · program services $127,118 · management and general $2,418,455

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,294,588 · end of year $5,218,275

  • 2 · Savings and temporary cash investments

    beginning of year $23,685,694 · end of year $17,059,038

  • 3 · Pledges and grants receivable

    beginning of year $1,136,431 · end of year $1,358,916

  • 4 · Accounts receivable

    beginning of year $3,416,048 · end of year $2,218,744

  • 8 · Inventories for sale or use

    beginning of year $24,081 · end of year $311,684

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,218,281 · end of year $469,607

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

    $3,009,637

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

    $2,601,324

  • 10c · Land, buildings and equipment, net

    beginning of year $454,484 · end of year $408,313

  • 15 · Other assets

    beginning of year $1,125,211 · end of year $9,942,330

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,818,384 · end of year $10,830,389

  • 19 · Deferred revenue

    beginning of year $12,372,167 · end of year $13,196,894

  • 25 · Other liabilities

    beginning of year $1,080,071 · end of year $1,090,033

  • 27 · Net assets without donor restrictions

    beginning of year $12,084,196 · end of year $11,869,591

Mission and programs · 2023

Mission

MUSIC AND EVENT MANAGEMENT, INC. (MEMI), A RELATED TAX-EXEMPT ORGANIZATION OF THE CINCINNATI SYMPHONY ORCHESTRA (CSO), MANAGES AND OFFERS A DIVERSE ARRAY OF QUALITY PERFORMANCES AT RIVERBEND MUSIC CENTER, THE PNC PAVILION, AND THE TAFT THEATRE, AND ADDITIONALLY OFFERS PREFERRED SERVICES TO OTHER NON-PROFIT ORGANIZATIONS FOR FESTIVALS AND COMMUNITY EVENTS. MEMI SUPPORTS THE CSO'S MISSION TO ENHANCE THE CULTURAL VITALITY AND QUALITY OF LIFE IN THE GREATER CINCINNATI REGION.

  • MUSIC AND EVENT MANAGEMENT, INC. (MEMI), A RELATED TAX-EXEMPT ORGANIZATION OF THE CINCINNATI SYMPHONY ORCHESTRA (CSO), MANAGES AND OFFERS A DIVERSE ARRAY OF QUALITY PERFORMANCES AT RIVERBEND MUSIC CENTER, THE PNC PAVILION, ANDREW J. BRADY MUSIC CENTER AND THE TAFT THEATRE, AND ADDITIONALLY OFFERS PREFERRED SERVICES TO OTHER NON-PROFIT ORGANIZATIONS FOR FESTIVALS AND COMMUNITY EVENTS. MEMI SUPPORTS THE CSO'S MISSION TO ENHANCE THE CULTURAL VITALITY AND QUALITY OF LIFE IN THE GREATER CINCINNATI REGION.MEMI OFFERED 33 EVENTS AT RIVERBEND MUSIC CENTER AND PNC PAVILLION WITH 360,067 IN ATTENDANCE, 66 EVENTS AT ANDREW J. BRADY MUSIC CENTER WITH 147,941 IN ATTENDANCE, AND 87 EVENTS AT THE TAFT THEATRE WITH 126,609 IN ATTENDANCE.

    Expenses $64,978,434 · Grants $9,056,167 · Revenue $57,031,455

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

Listed in Part VII

  • Michael Smith

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $500,087
    From this org
    $442,743
    From related orgs
    $0
    Other
    $57,344
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $287,118
    Bonus
    $155,625
    Other
    $0
    Deferred
    $35,419
    Nontaxable benefits
    $21,925
    Filer's total
    $500,087

  • Jonathan Martin

    PRESIDENT

    Total calculated
    $624,602
    From this org
    $72,272
    From related orgs
    $519,035
    Other
    $33,295
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $72,272 + $375,813 related
    Bonus
    $0 + $143,222 related
    Other
    $0
    Deferred
    $3,750 + $19,501 related
    Nontaxable benefits
    $1,620 + $8,424 related
    Filer's total
    $77,642 + $546,960 related

  • Richard Freshwater

    CHIEF FINANCIAL OFFICER

    Total calculated
    $411,118
    From this org
    $85,692
    From related orgs
    $286,938
    Other
    $38,488
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $75,692 + $211,938 related
    Bonus
    $10,000 + $75,000 related
    Other
    $0
    Deferred
    $5,817 + $16,286 related
    Nontaxable benefits
    $4,312 + $12,073 related
    Filer's total
    $95,821 + $315,297 related

  • Dianne Rosenberg

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Sue McPartlin

    SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Edward Morrell

    CHIEF BUSINESS OFFICER

    Total calculated
    $524,993
    From this org
    $474,762
    From related orgs
    $0
    Other
    $50,231
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,012
    Bonus
    $164,750
    Other
    $100,000
    Deferred
    $28,306
    Nontaxable benefits
    $21,925
    Filer's total
    $524,993

  • Mathew Dunne

    CHIEF OPERATING OFFICER

    Total calculated
    $467,251
    From this org
    $420,289
    From related orgs
    $0
    Other
    $46,962
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,539
    Bonus
    $164,750
    Other
    $50,000
    Deferred
    $25,037
    Nontaxable benefits
    $21,925
    Filer's total
    $467,251

  • Rosemarie Moehring

    DIRECTOR OF MARKETING

    Total calculated
    $311,274
    From this org
    $282,277
    From related orgs
    $0
    Other
    $28,997
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,277
    Bonus
    $50,000
    Other
    $100,000
    Deferred
    $11,291
    Nontaxable benefits
    $17,706
    Filer's total
    $311,274

  • Ryan Jaspers

    OPERATIONS AND PRODUCTION MANAGER

    Total calculated
    $315,445
    From this org
    $277,302
    From related orgs
    $0
    Other
    $38,143
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,302
    Bonus
    $56,000
    Other
    $100,000
    Deferred
    $16,458
    Nontaxable benefits
    $21,685
    Filer's total
    $315,445

  • Michele Ferrara

    DIRECTOR OF SPONSORSHIP SALES

    Total calculated
    $268,891
    From this org
    $248,806
    From related orgs
    $0
    Other
    $20,085
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $90,256
    Bonus
    $158,550
    Other
    $0
    Deferred
    $9,952
    Nontaxable benefits
    $10,133
    Filer's total
    $268,891

  • Jennifer Schoonover

    DIRECTOR OF PREMIUM SEAT SALES

    Total calculated
    $255,712
    From this org
    $229,721
    From related orgs
    $0
    Other
    $25,991
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $57,303
    Bonus
    $172,418
    Other
    $0
    Deferred
    $9,189
    Nontaxable benefits
    $16,802
    Filer's total
    $255,712

  • Kelly Gould-Benhase

    DIRECTOR OF TICKETING

    Total calculated
    $223,450
    From this org
    $201,659
    From related orgs
    $0
    Other
    $21,791
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $101,659
    Bonus
    $50,000
    Other
    $50,000
    Deferred
    $8,066
    Nontaxable benefits
    $13,725
    Filer's total
    $223,450

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 committee
  • 3 · Form 990 of other organizations
  • 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

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • EVT MANAGEMENT SERVICES LLC

    CONCESSIONS AND EQUIPMENT COMPANY · OH · income $13,242,353 · assets $1,745,433

    Directly controlled by MUSIC AND EVENT MANAGEMENT INC

Provenance

Return type
form_990
Tax year
2023
Filed
11 June 2025
IRS schema version
2023v6.0
Source object
202501639349300505

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