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Nonprofiteer
← NEW BEDFORD SYMPHONY ORCHESTRA ASSOCIATION INC

Form 990 for tax year 2024

Filed by NEW BEDFORD SYMPHONY ORCHESTRA ASSOCIATION INC.

Totals

Total revenue
$2,252,147
Total expenses
$1,978,974
Contributions and grants received
$1,553,800
Grants paid
$0
Program service revenue
$355,825
Investment income
$278,748
Other revenue
$63,774
Total assets, end of year
$6,473,824
Total liabilities, end of year
$88,814
Net assets or fund balances, end of year
$6,385,010
Program services expenses (Part IX)
$1,435,183
Management and general expenses
$292,200
Fundraising expenses
$251,591
Program service expenses (Part III)
$1,435,183

Program services were 72.5% 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.

  • 1f · All other contributions, gifts and grants

    $1,553,800

  • 1g · Noncash contributions included above

    $58,775

  • 2a · Program service revenue: SYMPHONY PERFORMANCES

    total $305,325 · related or exempt $305,325

  • 2b · Program service revenue: SPONSORSHIPS

    total $50,500 · related or exempt $50,500

  • 3 · Investment income

    total $155,758 · excluded $155,758

  • 7a · Gross sales of assets other than inventory

    securities $859,633

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

    securities $736,643

  • 7c · Gain or loss

    securities $122,990

  • 7d · Net gain or loss

    total $122,990 · related or exempt $122,990

  • 8a · Fundraising events: gross income

    $209,090

  • 8b · Fundraising events: direct expenses

    $145,316

  • 8c · Net income from fundraising events

    total $63,774 · excluded $63,774

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $145,260 · program services $72,630 · management and general $36,315 · fundraising $36,315

  • 7 · Other salaries and wages

    total $483,994 · program services $312,138 · management and general $95,543 · fundraising $76,313

  • 9 · Other employee benefits

    total $32,134 · program services $16,067 · management and general $8,034 · fundraising $8,033

  • 10 · Payroll taxes

    total $48,848 · program services $29,869 · management and general $10,236 · fundraising $8,743

  • 11c · Fees: accounting

    total $12,775 · management and general $12,775

  • 11g · Fees: other

    total $104,073 · management and general $32,073 · fundraising $72,000

  • 12 · Advertising and promotion

    total $95,194 · program services $47,597 · fundraising $47,597

  • 13 · Office expenses

    total $28,770 · program services $10,817 · management and general $15,959 · fundraising $1,994

  • 16 · Occupancy

    total $29,503 · program services $596 · management and general $28,311 · fundraising $596

  • 17 · Travel

    total $85,376 · program services $85,376

  • 22 · Depreciation, depletion and amortization

    total $14,551 · program services $14,551

  • 23 · Insurance

    total $19,512 · management and general $19,512

  • 24a · Other expenses: MUSICIANS

    total $537,421 · program services $537,421

  • 24b · Other expenses: HALL RENTAL AND STAGE H

    total $124,527 · program services $124,527

  • 24c · Other expenses: EDUCATION PROGRAMS

    total $53,239 · program services $53,239

  • 24d · Other expenses: SELF EMPLOYED OTHER

    total $37,475 · program services $37,475

  • 24e · All other expenses

    total $126,322 · program services $92,880 · management and general $33,442

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $52,667 · end of year $76,243

  • 2 · Savings and temporary cash investments

    beginning of year $1,000 · end of year $1,000

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $164,100

  • 4 · Accounts receivable

    end of year $13,168

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,547 · end of year $34,390

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

    $136,978

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

    $104,162

  • 10c · Land, buildings and equipment, net

    beginning of year $47,367 · end of year $32,816

  • 11 · Investments: publicly traded securities

    beginning of year $5,760,656 · end of year $6,152,107

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,179 · end of year $15,506

  • 19 · Deferred revenue

    beginning of year $98,657 · end of year $73,308

  • 27 · Net assets without donor restrictions

    beginning of year $3,687,817 · end of year $3,660,151

  • 28 · Net assets with donor restrictions

    beginning of year $2,092,584 · end of year $2,724,859

Mission and programs · 2024

Mission

TO BE A COMMUNITY LEADER IN ARTS EDUCATION AND TO PROVIDE LOW COST CONCERTS FOR THE SURROUNDING COMMUNITY.

Activities or mission (Part I)

THE MISSION OF THE NEW BEDFORD SYMPHONY ORCHESTRA IS TO PLACE THE WORLD'S FINEST SYMPHONIC MUSIC AT THE CENTER OF THE CULTURAL LIFE OF THE SOUTH COAST AND TO WORK WITH OTHERS TO BRING CLASSICAL AND OTHER MUSIC INTO THE LIVES OF EVERYONE IN THEIR COMMUNITY. THE ORGANIZATION ENRICHES THE LIVES OF ADULTS AND CHILDREN THROUGH THE TRANSFORMING POWER OF GREAT MUSIC. THE ORGANIZATION PRESENTS PASSIONATE AND ENGAGING CONCERTS AT THE HIGHEST LEVEL OF PROFESSIONAL STANDARDS AND PROVIDES EDUCATIONAL PROGRAMS FOR PEOPLE OF ALL AGES THAT DEEPEN THEIR ENJOYMENT OF MUSIC AND MAKE IT A PART OF THEIR DAILY LIVES.

  • THE NEW BEDFORD SYMPHONY IS A PROFESSIONAL ORCHESTRA THAT PERFORMS A CONCERT SEASON WITH GUEST ARTISTS FROM AROUND THE WORLD. NBSO MUSICIANS ALSO PRESENT DOZENS OF SMALL ENSEMBLE PERFORMANCES EVERY YEAR THROUGHOUT THE SOUTH COAST.

    Expenses $293,149 · Revenue $233,109

  • NBSO EDUCATIONAL PROGRAMS SERVED APPROXIMATELY 10,000 CHILDREN THROUGH (1) LEARNING IN CONCERT: AN INTERACTIVE CONCERT BY NBSO MUSICIANS IN LOCAL SCHOOLS; (2) YOUNG PEOPLE'S CONCERTS: STUDENTS ATTENDING A SPECIAL NBSO CHILDREN'S CONCERT AT THE Z; AND (3) NEW BEDFORD SYMPHONY YOUTH ORCHESTRA: STUDENT MUSICIANS PLAYING IN FOUR ENSEMBLES RANGING FROM BEGINNERS TO ADVANCED.

    Expenses $1,142,034 · Revenue $72,216

As filed on the 2024 return.

Listed in Part VII

  • Janet Coquillette

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kevin Hamilton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Susan Leclair

    CLERK

    Total calculated
    $0
    Hours/week
    2

  • Laura Pardee Schaefer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Eric Huber

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Albert J Fox

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Susan Mead

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Edward Ottensmeyer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Geoff Swett

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Sandria R Parsons

    TRUSTEE/BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Dr Alvin Marcovici

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Raina Lamade

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Margot Stone

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Tblair Taylor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • David Prentiss

    PRESIDENT/CEO

    Total calculated
    $136,764
    From this org
    $136,764
    From related orgs
    $0
    Other
    $0
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
21 January 2026
IRS schema version
2024v5.5
Source object
202610299349301421

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