Totals
- Total revenue
- $10,003,007
- Total expenses
- $5,013,137
- Contributions and grants received
- $8,003,205
- Grants paid
- $4,695,893
- Program service revenue
- $0
- Investment income
- $1,913,472
- Other revenue
- $86,330
- Total assets, end of year
- $99,665,896
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $99,665,896
- Program services expenses (Part IX)
- $4,695,893
- Management and general expenses
- $317,244
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,695,893
Program services were 93.7% 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
$8,003,205
-
3 · Investment income
total $1,511,242 · unrelated business -$23,589 · excluded $1,534,831
-
5 · Royalties
total $26,330 · excluded $26,330
-
6a · Gross rents
real property $60,000
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $60,000
-
6d · Net rental income or loss
total $60,000 · excluded $60,000
-
7a · Gross sales of assets other than inventory
securities $19,206,976
-
7b · Less cost or other basis and sales expenses
securities $18,804,746
-
7c · Gain or loss
securities $402,230
-
7d · Net gain or loss
total $402,230 · unrelated business $11,909 · excluded $390,321
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,695,893 · program services $4,695,893
-
11f · Fees: investment management
total $317,244 · management and general $317,244
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $3,264,790 · end of year $2,935,513
-
3 · Pledges and grants receivable
beginning of year $4,950,079 · end of year $11,135,983
-
7 · Other notes and loans receivable
beginning of year $1,999,422 · end of year $1,973,513
-
10a · Land, buildings and equipment: cost or other basis
$480,000
-
10c · Land, buildings and equipment, net
beginning of year $480,000 · end of year $480,000
-
11 · Investments: publicly traded securities
beginning of year $45,271,583 · end of year $49,864,333
-
12 · Investments: other securities
beginning of year $30,488,748 · end of year $33,011,552
-
15 · Other assets
beginning of year $61,200 · end of year $265,002
-
27 · Net assets without donor restrictions
beginning of year $187,160 · end of year $201,286
-
28 · Net assets with donor restrictions
beginning of year $86,328,662 · end of year $99,464,610
Mission and programs · 2023
Mission
To support the operations of the Houston Symphony Society.
Activities or mission (Part I)
The Endowment's sole purpose is to support the operations of the Houston Symphony Society.
-
The Houston Symphony Endowment's sole purpose is to support the operations of the Houston Symphony Society.
Expenses $4,695,893 · Grants $4,695,893
As filed on the 2023 return.
Listed in Part VII
-
James Lee
President
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
William Dee Hunt
Trustee
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Ajay Khurana
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
David Krieger
Trustee
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Lynn Mathre
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Scott Wise
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
John Mangum
Symphony CEO
- Total calculated
- $494,853
- From this org
- $0
- From related orgs
- $446,207
- Other
- $48,646
- Hours/week
- 4 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $446,207 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $17,355 related
- Nontaxable benefits
- $0 + $31,291 related
- Filer's total
- $0 + $494,853 related
-
Elizabeth Condic
CFO
- Total calculated
- $263,202
- From this org
- $0
- From related orgs
- $232,469
- Other
- $30,733
- Hours/week
- 4 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $232,469 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $12,136 related
- Nontaxable benefits
- $0 + $18,597 related
- Filer's total
- $0 + $263,202 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, 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
None.
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
-
$4,349,383
Support ongoing operations
-
$346,510
Admin & fundraising expenses
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.
-
501(c)(3) · Symphony Orchestra · TX
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 10 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541009349300249
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