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Nonprofiteer
← INDIANA SYMPHONY SOCIETY INC

Form 990 for tax year 2023

Filed by INDIANA SYMPHONY SOCIETY INC.

Totals

Total revenue
$23,350,758
Total expenses
$27,872,664
Contributions and grants received
$13,895,731
Grants paid
$0
Program service revenue
$9,430,299
Investment income
$85,094
Other revenue
-$60,366
Total assets, end of year
$8,991,393
Total liabilities, end of year
$8,583,699
Net assets or fund balances, end of year
$407,694
Program services expenses (Part IX)
$23,482,149
Management and general expenses
$2,455,525
Fundraising expenses
$1,934,990
Program service expenses (Part III)
$23,482,149

Program services were 84.2% 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

    $294,863

  • 1d · Related organizations

    $6,653,048

  • 1e · Government grants (contributions)

    $103,138

  • 1f · All other contributions, gifts and grants

    $6,844,682

  • 1g · Noncash contributions included above

    $957,466

  • 2a · Program service revenue: TICKET SALES & FEES INCOME

    total $9,430,299 · related or exempt $9,430,299

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $85,094 · excluded $85,094

  • 6a · Gross rents

    real property $46,329

  • 6b · Less rental expenses

    real property $491,028

  • 6c · Rental income or loss

    real property -$444,699 · personal property $0

  • 6d · Net rental income or loss

    total -$444,699 · excluded -$444,699

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $129,939

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

    $294,863

  • 8b · Fundraising events: direct expenses

    $265,469

  • 8c · Net income from fundraising events

    total -$135,530 · excluded -$135,530

  • 9a · Gaming: gross income

    $1,162

  • 9b · Gaming: direct expenses

    $50

  • 9c · Net income from gaming

    total $1,112 · excluded $1,112

  • 10a · Gross sales of inventory

    $687,508

  • 10b · Cost of goods sold

    $351,170

  • 10c · Net income from sales of inventory

    total $336,338 · related or exempt $336,338

  • 11a · Other revenue: Program Advertising

    total $68,200 · unrelated business $68,200

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $64,213 · related or exempt $64,213

  • 11c · Other revenue: FOUNDATION SERVICE FEE

    total $50,000 · related or exempt $50,000

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $182,413

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $884,095 · program services $382,685 · management and general $501,410

  • 7 · Other salaries and wages

    total $10,768,568 · program services $9,577,365 · management and general $399,745 · fundraising $791,458

  • 8 · Pension plan contributions

    total $1,223,916 · program services $1,177,797 · management and general $24,554 · fundraising $21,565

  • 9 · Other employee benefits

    total $1,722,548 · program services $1,509,877 · management and general $113,227 · fundraising $99,444

  • 10 · Payroll taxes

    total $894,446 · program services $755,161 · management and general $74,156 · fundraising $65,129

  • 11b · Fees: legal

    total $98,875 · management and general $98,875

  • 11c · Fees: accounting

    total $64,024 · management and general $64,024

  • 11g · Fees: other

    total $1,342,929 · program services $566,861 · management and general $101,868 · fundraising $674,200

  • 12 · Advertising and promotion

    total $1,010,281 · program services $1,010,281

  • 13 · Office expenses

    total $1,457,008 · program services $650,030 · management and general $723,400 · fundraising $83,578

  • 15 · Royalties

    total $142,760 · program services $142,760

  • 16 · Occupancy

    total $1,998,090 · program services $1,911,994 · management and general $43,048 · fundraising $43,048

  • 17 · Travel

    total $25,843 · program services $17,687 · management and general $4,471 · fundraising $3,685

  • 19 · Conferences, conventions and meetings

    total $19,681 · program services $11,164 · management and general $6,043 · fundraising $2,474

  • 20 · Interest

    total $354 · management and general $354

  • 22 · Depreciation, depletion and amortization

    total $331,162 · program services $323,314 · management and general $3,924 · fundraising $3,924

  • 23 · Insurance

    total $186,626 · program services $26,376 · management and general $160,250

  • 24a · Other expenses: GUEST ARTISTS

    total $2,317,649 · program services $2,317,649

  • 24b · Other expenses: GENERAL PRODUCTION

    total $1,883,171 · program services $1,883,171

  • 24c · Other expenses: CONCERT FRONT OF HOUSE

    total $367,488 · program services $367,488

  • 24d · Other expenses: HOSPITALITY

    total $324,361 · program services $312,933 · management and general $11,428

  • 24e · All other expenses

    total $808,789 · program services $537,556 · management and general $124,748 · fundraising $146,485

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $863,247 · end of year $1,466,668

  • 2 · Savings and temporary cash investments

    beginning of year $3,034,451 · end of year $33,007

  • 3 · Pledges and grants receivable

    beginning of year $2,740,683 · end of year $1,979,798

  • 4 · Accounts receivable

    beginning of year $414,382 · end of year $19,135

  • 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 $282,692 · end of year $252,692

  • 8 · Inventories for sale or use

    beginning of year $9,003 · end of year $31,061

  • 9 · Prepaid expenses and deferred charges

    beginning of year $735,767 · end of year $538,792

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

    $10,271,829

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

    $8,711,048

  • 10c · Land, buildings and equipment, net

    beginning of year $1,645,405 · end of year $1,560,781

  • 11 · Investments: publicly traded securities

    beginning of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0

  • 15 · Other assets

    beginning of year $3,109,764 · end of year $3,109,459

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,447,045 · end of year $1,370,822

  • 18 · Grants payable

    beginning of year $0

  • 19 · Deferred revenue

    beginning of year $3,211,643 · end of year $3,104,169

  • 20 · Tax-exempt bond liabilities

    beginning of year $0

  • 21 · Escrow or custodial account liability

    beginning 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 $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0

  • 25 · Other liabilities

    beginning of year $4,955,296 · end of year $4,108,708

  • 27 · Net assets without donor restrictions

    beginning of year -$232,552 · end of year -$1,691,403

  • 28 · Net assets with donor restrictions

    beginning of year $3,453,962 · end of year $2,099,097

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0

Mission and programs · 2023

Mission

The Indianapolis Symphony Orchestra inspires and unites our community through our music.

Activities or mission (Part I)

The Indianapolis Symphony Orchestra inspires and unites our community thorugh our music

  • THE INDIANAPOLIS SYMPHONY ORCHESTRA IS THE LARGEST PERFORMING ARTS ORGANIZATION IN THE STATE OF INDIANA, PERFORMING A YEAR-ROUND SCHEDULE OF CONCERTS AND EDUCATION PROGRAMS. EACH SEASON, THE INDIANAPOLIS SYMPHONY ORCHESTRA PRESENTS A WIDE REPERTOIRE OF ORCHESTRAL MUSIC, INCLUDING COMMISSIONS OF NEW MUSIC, BOTH CLASSICAL AND POPS. CONCERTS INCLUDE PROGRAMS OF CLASSICAL MUSIC, SYMPHONIC POPS PERFORMANCES, FAMILY ORIENTED PROGRAMS, HOLIDAY PROGRAMS, UNCHARTED, THE OUTDOOR SUMMER SERIES AND MANY MORE. THE INDIANAPOLIS SYMPHONY ORCHESTRA IS DEDICATED TO LEADING THE FIELD IN MUSIC EDUCATION. SYMPHONY MUSICIANS AND STAFF CREATE PIONEERING LEARNING OPPORTUNITIES FOR PARTICIPANTS THROUGHOUT THE STATE THROUGH A VARIETY OF PROJECTS WHICH IMPACT STUDENTS AND ADULTS IN THE INDIANAPOLIS SYMPHONY ORCHESTRA'S LEARNING COMMUNITY. THE METROPOLITAN YOUTH ORCHESTRA WHICH IS A YOUTH AND FAMILY DEVELOPMENT PROGRAM OF THE LEARNING COMMUNITY USES THE LIFE SKILLS LEARNED IN MUSIC INSTRUCTION TO ENGAGE YOUTH IN ACTIVITIES THAT DISCOURAGE AT-RISK BEHAVIORS AND KEEP THEM COMMITTED TO STAYING IN SCHOOL. THE HISTORIC HILBERT CIRCLE THEATRE ON MONUMENT CIRCLE IN DOWNTOWN INDIANAPOLIS IS HOME TO THE INDIANAPOLIS SYMPHONY ORCHESTRA AND IS OWNED BY THE ORANGIZATION'S FOUNDATION. OUTSIDE THE THEATRE, THE INDIANAPOLIS SYMPHONY CAN BE HEARD LIVE IN SEVERAL INDIANA COMMUNITIES. AS A LEADING MEMBER OF THE ARTS COMMUNITY IN INDIANAPOLIS, THE INDIANAPOLIS SYMPHONY ORCHESTRA COLLABORATES ON A REGULAR BASIS WITH OTHER ARTS COMPANIES INCLUDING DANCE KALEIDOSCOPE, THE INTERNATIONAL VIOLIN COMPETITION OF INDIANAPOLIS, AND THE AMERICAN PIANIISTS ASSOCIATION.

    Expenses $23,482,149 · Revenue $9,880,850

As filed on the 2023 return.

Listed in Part VII

  • Christina Bodurow PHD

    Secretary

    Total calculated
    $0
    Hours/week
    2
  • Eric Sutphin

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Greg Loewen

    Chair

    Total calculated
    $0
    Hours/week
    2
  • Phil Kenney

    Vice Chair

    Total calculated
    $0
    Hours/week
    2
  • Alexandra French

    Director (as of Jan 2024)

    Total calculated
    $0
    Hours/week
    2
  • Alice K Schloss

    Director

    Total calculated
    $0
    Hours/week
    2
  • Amy Kniffen

    Director (as of Jan 2024)

    Total calculated
    $0
    Hours/week
    2
  • Brian Smith

    Director (through Dec 2023)

    Total calculated
    $0
    Hours/week
    2
  • Bruce McCaw

    Director

    Total calculated
    $0
    Hours/week
    2
  • C Daniel Yates

    Director

    Total calculated
    $0
    Hours/week
    2
  • Cheryl J Dick

    Director

    Total calculated
    $0
    Hours/week
    2
  • Christopher Slapak MD

    Director

    Total calculated
    $0
    Hours/week
    2
  • Craig Fenneman

    Director

    Total calculated
    $0
    Hours/week
    2
  • David Wilcox

    Director

    Total calculated
    $0
    Hours/week
    2
  • Eloise Paul

    Director

    Total calculated
    $0
    Hours/week
    2
  • Fred Winters

    Director

    Total calculated
    $0
    Hours/week
    2
  • J Albert Smith Jr

    Director

    Total calculated
    $0
    Hours/week
    2
  • Jackie Nytes

    Director

    Total calculated
    $0
    Hours/week
    2
  • James Zink

    Director (through Dec 2023)

    Total calculated
    $0
    Hours/week
    2
  • Jan Pierce

    Director

    Total calculated
    $0
    Hours/week
    2
  • Justin Sufan

    Director (as of Jan 2024)

    Total calculated
    $0
    Hours/week
    2
  • Karen Ann P Lloyd

    Director

    Total calculated
    $0
    Hours/week
    2
  • Karen Mersereau

    Director (through Dec 2023)

    Total calculated
    $0
    Hours/week
    2
  • Kiamesha Colom

    Director

    Total calculated
    $0
    Hours/week
    2
  • LaTonya Turner PhD

    Director

    Total calculated
    $0
    Hours/week
    2
  • Liz Kyzr

    Director

    Total calculated
    $0
    Hours/week
    2
  • Lucia J Mar

    Director

    Total calculated
    $0
    Hours/week
    2
  • Matthew Gutwein

    Director (as of Jan 2024)

    Total calculated
    $0
    Hours/week
    2
  • Michael Bercher

    Director (through Dec 2023)

    Total calculated
    $0
    Hours/week
    2
  • Natalie Furney

    Director

    Total calculated
    $0
    Hours/week
    2
  • Nicholas Schellinger

    Director (as of Jan 2024)

    Total calculated
    $0
    Hours/week
    2
  • Peter A Morse Jr

    Director

    Total calculated
    $0
    Hours/week
    2
  • Peter W Howard PHD

    Director

    Total calculated
    $0
    Hours/week
    2
  • Samuel Rothstein

    Director

    Total calculated
    $0
    Hours/week
    2
  • Sean L Huddleston PhD

    Director

    Total calculated
    $0
    Hours/week
    2
  • Steven Rake

    Director

    Total calculated
    $0
    Hours/week
    2
  • Terry Snell

    Director

    Total calculated
    $0
    Hours/week
    2
  • Tori Weyers

    Director

    Total calculated
    $0
    Hours/week
    2
  • Yecenia Tostado

    Director

    Total calculated
    $0
    Hours/week
    2
  • Yvonne H Shaheen

    Director

    Total calculated
    $0
    Hours/week
    2
  • James M Johnson

    CEO

    Total calculated
    $278,173
    From this org
    $241,453
    From related orgs
    $0
    Other
    $36,720
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $238,991
    Bonus
    $0
    Other
    $2,462
    Deferred
    $7,490
    Nontaxable benefits
    $29,230
    Filer's total
    $278,173
  • Jennifer Janik

    CFO

    Total calculated
    $162,353
    From this org
    $145,383
    From related orgs
    $0
    Other
    $16,970
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $145,172
    Bonus
    $0
    Other
    $211
    Deferred
    $4,670
    Nontaxable benefits
    $12,300
    Filer's total
    $162,353
  • Jack Everly

    Pops Conductor

    Total calculated
    $309,173
    From this org
    $293,548
    From related orgs
    $0
    Other
    $15,625
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $288,214
    Bonus
    $0
    Other
    $5,334
    Deferred
    $5,823
    Nontaxable benefits
    $9,802
    Filer's total
    $309,173
  • Christopher Williams

    Stage Manager

    Total calculated
    $164,931
    From this org
    $131,503
    From related orgs
    $0
    Other
    $33,428
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $129,413
    Bonus
    $2,000
    Other
    $90
    Deferred
    $4,158
    Nontaxable benefits
    $29,270
    Filer's total
    $164,931
  • Ed Parsons

    VP of Artistic

    Total calculated
    $163,296
    From this org
    $148,588
    From related orgs
    $0
    Other
    $14,708
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $148,377
    Bonus
    $0
    Other
    $211
    Deferred
    $4,670
    Nontaxable benefits
    $10,038
    Filer's total
    $163,296
  • Kevin Lin

    Concertmaster

    Total calculated
    $279,363
    From this org
    $255,596
    From related orgs
    $0
    Other
    $23,767
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $251,625
    Bonus
    $3,923
    Other
    $48
    Deferred
    $7,766
    Nontaxable benefits
    $16,001
    Filer's total
    $279,363
  • Patrick Feeney

    Stagehand

    Total calculated
    $149,365
    From this org
    $109,298
    From related orgs
    $0
    Other
    $40,067
    Hours/week
    37.5
  • Stephanie Hays Hussoni

    VP of Development

    Total calculated
    $160,483
    From this org
    $153,739
    From related orgs
    $0
    Other
    $6,744
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $153,422
    Bonus
    $0
    Other
    $317
    Deferred
    $4,673
    Nontaxable benefits
    $2,071
    Filer's total
    $160,483

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 · Compensation survey or study

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
2023
Filed
10 June 2025
IRS schema version
2023v6.0
Source object
202521619349300517

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