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Nonprofiteer
← BALTIMORE SYMPHONY ENDOWMENT TRUST

Form 990 for tax year 2023

Filed by BALTIMORE SYMPHONY ENDOWMENT TRUST.

Totals

Total revenue
$16,704,422
Total expenses
$12,506,863
Contributions and grants received
$8,674,400
Grants paid
$8,560,000
Program services expenses (Part IX)
$9,678,634
Management and general expenses
$2,828,229
Fundraising expenses
$0
Program service expenses (Part III)
$9,678,634

Program services were 77.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MR MARK HANSON

    BOARD MEMBER AND CEO

    Total calculated
    $497,136
    From this org
    $85,530
    From related orgs
    $342,120
    Other
    $69,486
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $84,002 + $336,010 related
    Bonus
    $0
    Other
    $1,528 + $6,110 related
    Deferred
    $5,000 + $20,000 related
    Nontaxable benefits
    $8,897 + $35,589 related
    Filer's total
    $99,427 + $397,709 related

  • MR ANDREW A STERN

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • MR CHRIS BARLETT

    CHAIRMAN (PART YEAR)

    Total calculated
    $0
    Hours/week
    1

  • MS CHAITANYA YARAMADA

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MR STEVEN R SCHUH

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MS BARBARA BOZZUTO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MR KENNETH W DEFONTES JR

    BOARD MEMBER (PART YEAR)

    Total calculated
    $0
    Hours/week
    1

  • MR RICHARD MONFRED

    BOARD MEMBER (PART YEAR)

    Total calculated
    $0
    Hours/week
    1

  • MS NICOLE NESBIT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MS BETH ROSENWALD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MR BARRY ROSEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MR MARK VASELKIV

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MR JOHN G MCLEAN JR

    SVP & CFO (PART YEAR)

    Total calculated
    $199,379
    From this org
    $35,354
    From related orgs
    $141,416
    Other
    $22,609
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $35,336 + $141,344 related
    Bonus
    $0
    Other
    $18 + $72 related
    Deferred
    $0
    Nontaxable benefits
    $4,522 + $18,087 related
    Filer's total
    $39,876 + $159,503 related

  • MR LEONARD WILLIAMS

    INTERIM CFO

    Total calculated
    $0
    Hours/week
    1

  • MS ALLISON BURR-LIVINGSTONE

    VP & CHIEF ADVANCEMENT OFFICER

    Total calculated
    $233,818
    From this org
    $47,146
    From related orgs
    $141,436
    Other
    $45,236
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $47,132 + $141,396 related
    Bonus
    $0
    Other
    $14 + $40 related
    Deferred
    $0
    Nontaxable benefits
    $11,309 + $33,927 related
    Filer's total
    $58,455 + $175,363 related

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 — 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 I, LINE 3
THE ORGANIZATION DOES NOT DIRECTLY COMPENSATE ANY OF ITS OFFICERS OR DIRECTORS AS ALL COMPENSATION IS PAID BY BALTIMORE SYMPHONY ORCHESTRA ("BSO"), A RELATED ORGANIZATION. THE BSO CHECKS THE FOLLOWING BOXES IN THE ESTABLISHMENT OF THE COMPENSATION FOR THE CEO: COMPENSATION COMMITTEE, WRITTEN EMPLOYMENT CONTRACT AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 4B
DURING CALANDER YEAR 2023, THE FOLLOWING PARTICIPATED IN THE BALTIMORE SYMPHONY ORCHESTRA, INC. SUPPLEMENTAL EXECUTIVE DEFERRED COMPENSATION PLAN ("SERP"): MARK HANSON $25,000

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 July 2025
IRS schema version
2023v6.0
Source object
202521969349300842

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