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← DALLAS SYMPHONY ASSOCIATION INC

Form 990 for tax year 2024

Filed by DALLAS SYMPHONY ASSOCIATION INC.

Totals

Total revenue
$49,294,908
Total expenses
$52,258,160
Contributions and grants received
$10,731,726
Grants paid
$0
Program service revenue
$14,648,027
Investment income
$461
Other revenue
$23,914,694
Total assets, end of year
$27,129,203
Total liabilities, end of year
$23,411,616
Net assets or fund balances, end of year
$3,717,587
Program services expenses (Part IX)
$40,218,038
Management and general expenses
$7,557,911
Fundraising expenses
$4,482,211
Program service expenses (Part III)
$40,218,038

Program services were 77.0% 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)

    $127,000

  • 1f · All other contributions, gifts and grants

    $10,604,726

  • 1g · Noncash contributions included above

    $385,464

  • 2a · Program service revenue: CONCERT TICKET SALES AND FEES

    total $13,462,590 · related or exempt $13,462,590

  • 2b · Program service revenue: OTHER EARNED INCOME

    total $1,185,437 · related or exempt $1,185,437

  • 3 · Investment income

    total $461 · related or exempt $461

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $400,960 · personal property $751,721

  • 6b · Less rental expenses

    personal property $219,986

  • 6c · Rental income or loss

    real property $400,960 · personal property $531,735

  • 6d · Net rental income or loss

    total $932,695 · related or exempt $859,400 · unrelated business $73,295

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $1,403,169

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

    $1,403,169

  • 8b · Fundraising events: direct expenses

    $75,134

  • 8c · Net income from fundraising events

    total $1,328,035

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $165,563

  • 10b · Cost of goods sold

    $71,303

  • 10c · Net income from sales of inventory

    total $94,260 · related or exempt $64,466 · unrelated business $29,794

  • 11a · Other revenue: DISR FROM DALYSM FDN

    total $20,775,610 · related or exempt $20,775,610

  • 11b · Other revenue: NET INVESTMENT INCOME

    total $776,894 · related or exempt $776,894

  • 11c · Other revenue: ADVERTISING REVENUE

    total $7,200 · related or exempt $7,200

  • 11e · Other revenue, total

    $21,559,704

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $3,421,170 · program services $1,838,482 · management and general $1,374,984 · fundraising $207,704

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $21,176,383 · program services $18,564,540 · management and general $1,413,683 · fundraising $1,198,160

  • 8 · Pension plan contributions

    total $1,095,637 · program services $923,533 · management and general $115,535 · fundraising $56,569

  • 9 · Other employee benefits

    total $3,183,013 · program services $2,720,113 · management and general $319,619 · fundraising $143,281

  • 10 · Payroll taxes

    total $1,482,868 · program services $1,201,969 · management and general $193,489 · fundraising $87,410

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $159,910 · program services $45,943 · management and general $68,239 · fundraising $45,728

  • 11c · Fees: accounting

    total $81,009 · management and general $81,009

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $184,488 · fundraising $184,488

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $31,365 · program services $19,528 · management and general $11,837

  • 12 · Advertising and promotion

    total $1,119,248 · program services $1,110,867 · management and general $1,610 · fundraising $6,771

  • 13 · Office expenses

    total $368,315 · program services $97,384 · management and general $106,512 · fundraising $164,419

  • 14 · Information technology

    total $686,043 · program services $295,037 · management and general $241,963 · fundraising $149,043

  • 15 · Royalties

    total $96,199 · program services $96,199

  • 16 · Occupancy

    total $4,259,566 · program services $3,881,219 · management and general $156,953 · fundraising $221,394

  • 17 · Travel

    total $3,027,787 · program services $2,903,565 · management and general $114,505 · fundraising $9,717

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $48,586 · program services $18,962 · management and general $13,613 · fundraising $16,011

  • 20 · Interest

    total $613,091 · management and general $613,091

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $2,129,257 · program services $203,114 · management and general $1,889,097 · fundraising $37,046

  • 23 · Insurance

    total $506,892 · program services $176,354 · management and general $330,538

  • 24a · Other expenses: LOSS ON PENSION TERMINATION

    total $0

  • 24b · Other expenses: GUEST ARTIST FEES

    total $4,352,679 · program services $4,352,679

  • 24c · Other expenses: MISC EXPENSE

    total $457,685 · program services $444,467 · management and general -$4,702 · fundraising $17,920

  • 24d · Other expenses: OTHER PRODUCTION EXPENSES

    total $459,855 · program services $298,080 · management and general $161,775

  • 24e · All other expenses

    total $3,317,114 · program services $1,026,003 · management and general $354,561 · fundraising $1,936,550

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $4,053,704 · end of year $2,997,442

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $7,199,281 · end of year $5,219,265

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $89,193 · end of year $40,730

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,859,200 · end of year $1,085,937

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

    $21,459,120

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

    $12,857,532

  • 10c · Land, buildings and equipment, net

    beginning of year $9,290,569 · end of year $8,601,588

  • 11 · Investments: publicly traded securities

    beginning of year $9,072,640 · end of year $9,184,241

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,046,949 · end of year $4,389,361

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $2,844,897 · end of year $2,203,932

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $13,917,731 · end of year $15,746,842

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $5,255,087 · end of year $1,071,481

  • 27 · Net assets without donor restrictions

    beginning of year -$4,633,572 · end of year -$7,029,765

  • 28 · Net assets with donor restrictions

    beginning of year $11,133,495 · end of year $10,747,352

Mission and programs · 2024

Mission

TO INSPIRE AND CHANGE LIVES THROUGH MUSICAL EXCELLENCE.

  • The Dallas Symphony Orchestra's mission statement is to inspire and change lives through musical excellence. It strives to be a key catalyst in making Dallas a world-class city and major cultural center with the DSO as a landmark. The DSO is ranked among the top American orchestras. The classical series, pops series and numerous events highlighting diversity in the city, along with youth concerts, number over 165 performances each year. As a community partner, the Dallas Symphony Orchestra sponsors the following programs: Community Connections (Free tickets distributed by social service agencies), Youth Strings (provides free instruments and music lessons to students), Young Musicians (provides free instruments and lessons for students at Dallas ISD sites across southern Dallas), Symphony Yes (provides musician ensembles to perform in area schools), DSO Kids (educational website for children and teachers), and MY DSO Concert (free concert for adults and children with autism and developmental disabilities). The Dallas Symphony Orchestra is a community of passionate music lovers making more music lovers.

    Expenses $40,218,038 · Revenue $14,648,027

As filed on the 2024 return.

Listed in Part VII

  • Alex Kerr

    MUSICIAN

    Total calculated
    $462,659
    From this org
    $453,814
    From related orgs
    $0
    Other
    $8,845
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $449,118
    Bonus
    not reported
    Other
    $4,696
    Deferred
    $8,845
    Nontaxable benefits
    $643
    Filer's total
    $463,302

  • Scott Walzel

    MUSICIAN/CONS. FOR COMM.DEV.

    Total calculated
    $364,552
    From this org
    $321,937
    From related orgs
    $0
    Other
    $42,615
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,385
    Bonus
    not reported
    Other
    $175,552
    Deferred
    $9,056
    Nontaxable benefits
    $34,766
    Filer's total
    $365,759

  • Kim Noltemy

    fORMER PRESIDENT & CEO (6/24)

    Total calculated
    $318,156
    From this org
    $294,755
    From related orgs
    $0
    Other
    $23,401
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,475
    Bonus
    not reported
    Other
    $48,280
    Deferred
    $14,800
    Nontaxable benefits
    $9,109
    Filer's total
    $318,664

  • TERRY LOFTIS Thru 1-31-2025

    Chief Advancement & Rev Office

    Total calculated
    $278,100
    From this org
    $255,484
    From related orgs
    $0
    Other
    $22,616
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,221
    Bonus
    not reported
    Other
    $18,263
    Deferred
    $10,436
    Nontaxable benefits
    $12,971
    Filer's total
    $278,891

  • Chris Oliver

    MUSICIAN

    Total calculated
    $271,888
    From this org
    $232,503
    From related orgs
    $0
    Other
    $39,385
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,003
    Bonus
    not reported
    Other
    $8,500
    Deferred
    $8,626
    Nontaxable benefits
    $31,914
    Filer's total
    $273,043

  • Melissa Rutledge

    CFO

    Total calculated
    $260,133
    From this org
    $252,746
    From related orgs
    $0
    Other
    $7,387
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,471
    Bonus
    not reported
    Other
    $25,275
    Deferred
    $7,387
    Nontaxable benefits
    $442
    Filer's total
    $260,575

  • Nathan Olson

    MUSICIAN

    Total calculated
    $258,616
    From this org
    $237,670
    From related orgs
    $0
    Other
    $20,946
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $208,880
    Bonus
    $2,500
    Other
    $26,290
    Deferred
    $8,969
    Nontaxable benefits
    $12,620
    Filer's total
    $259,259

  • Debra Pena

    CHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $253,230
    From this org
    $212,352
    From related orgs
    $0
    Other
    $40,878
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,577
    Bonus
    not reported
    Other
    $6,775
    Deferred
    $15,808
    Nontaxable benefits
    $26,191
    Filer's total
    $254,351

  • Christopher Adkins

    MUSICIAN

    Total calculated
    $245,750
    From this org
    $212,404
    From related orgs
    $0
    Other
    $33,346
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $212,404
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,626
    Nontaxable benefits
    $25,600
    Filer's total
    $246,630

  • Katie McGuinness

    VP OF ARTISTIC OPERATIONS

    Total calculated
    $205,896
    From this org
    $197,900
    From related orgs
    $0
    Other
    $7,996
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,026
    Bonus
    not reported
    Other
    $11,874
    Deferred
    $7,996
    Nontaxable benefits
    $447
    Filer's total
    $206,343

  • Glyne Griffith

    VP of EQ, DIV, INCLUS

    Total calculated
    $192,296
    From this org
    $184,900
    From related orgs
    $0
    Other
    $7,396
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,353
    Bonus
    not reported
    Other
    $5,547
    Deferred
    $7,396
    Nontaxable benefits
    $447
    Filer's total
    $192,743

  • Michelle Miller Burns

    PRESIDENT & CEO

    Total calculated
    $189,446
    From this org
    $185,743
    From related orgs
    $0
    Other
    $3,703
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,743
    Bonus
    $30,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $3,890
    Filer's total
    $189,633

  • Denise McGovern

    VP OF COMMUNICATIONS AND MEDIA

    Total calculated
    $176,959
    From this org
    $140,401
    From related orgs
    $0
    Other
    $36,558
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,178
    Bonus
    not reported
    Other
    $27,223
    Deferred
    $8,049
    Nontaxable benefits
    $30,066
    Filer's total
    $178,516

  • Directors-See Attached List

    DIRECTORS

    Total calculated
    $0
    Hours/week
    1

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

  • 1a · Housing allowance or residence for personal use
  • 3 · Compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 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

The filer's explanations (Part III)

Part 1, Line 1a Explanation - Housing Allowance
Board approved housing allowance for president & CEO included in taxable compensation

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
11 March 2026
IRS schema version
2024v5.2
Source object
202641049349301824

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