Totals
- Total revenue
- $3,009,358
- Total expenses
- $2,703,930
- Contributions and grants received
- $1,368,240
- Grants paid
- $0
- Program service revenue
- $326,466
- Investment income
- $1,296,994
- Other revenue
- $17,658
- Total assets, end of year
- $20,434,173
- Total liabilities, end of year
- $166,430
- Net assets or fund balances, end of year
- $20,267,743
- Program services expenses (Part IX)
- $1,892,885
- Management and general expenses
- $645,129
- Fundraising expenses
- $165,916
- Program service expenses (Part III)
- $1,892,885
Program services were 70.0% 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.
-
1f · All other contributions, gifts and grants
$1,368,240
-
2a · Program service revenue: CONCERT TICKET SALES
total $326,466 · related or exempt $326,466
-
3 · Investment income
total $314,064 · excluded $314,064
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $2,218,888
-
7b · Less cost or other basis and sales expenses
securities $1,235,958
-
7c · Gain or loss
securities $982,930
-
7d · Net gain or loss
total $982,930 · excluded $982,930
-
8a · Fundraising events: gross income
$29,610
-
8b · Fundraising events: direct expenses
$11,952
-
8c · Net income from fundraising events
total $17,658 · excluded $17,658
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
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 $262,445 · program services $104,978 · management and general $157,467
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $963,386 · program services $757,400 · management and general $115,470 · fundraising $90,516
-
8 · Pension plan contributions
total $54,639 · program services $47,791 · management and general $6,848
-
9 · Other employee benefits
total $94,885 · program services $36,527 · management and general $58,358
-
10 · Payroll taxes
total $85,879 · program services $51,036 · management and general $34,843
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $2,812 · management and general $2,812
-
11c · Fees: accounting
total $24,060 · management and general $24,060
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $30,143 · management and general $30,143
-
11g · Fees: other
total $190,632 · program services $159,722 · management and general $30,910
-
12 · Advertising and promotion
total $159,387 · program services $159,387
-
13 · Office expenses
total $43,718 · program services $90 · management and general $43,628
-
14 · Information technology
total $60,102 · program services $23,500 · management and general $36,602
-
15 · Royalties
total $0
-
16 · Occupancy
total $61,081 · program services $45,810 · management and general $15,271
-
17 · Travel
total $132,117 · program services $99,088 · management and general $33,029
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $6,951 · management and general $6,951
-
23 · Insurance
total $31,979 · program services $18,723 · management and general $13,256
-
24a · Other expenses: ARTIST FEES
total $180,418 · program services $180,418
-
24b · Other expenses: AUDITORIUM
total $140,483 · program services $140,483
-
24c · Other expenses: CATERING & HOSPITALITY
total $98,098 · program services $18,920 · management and general $5,992 · fundraising $73,186
-
24d · Other expenses: MUSIC INSTRUMENTS
total $47,812 · program services $47,812
-
24e · All other expenses
total $32,903 · program services $1,200 · management and general $29,489 · fundraising $2,214
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $252,511 · end of year $251,280
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $2,285 · end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $58,371 · end of year $34,613
-
10a · Land, buildings and equipment: cost or other basis
$692,560
-
10b · Land, buildings and equipment: accumulated depreciation
$675,653
-
10c · Land, buildings and equipment, net
beginning of year $18,624 · end of year $16,907
-
11 · Investments: publicly traded securities
beginning of year $11,303,066 · end of year $11,636,257
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $7,639,427 · end of year $8,495,116
-
17 · Accounts payable and accrued expenses
beginning of year $20,526 · end of year $35,711
-
19 · Deferred revenue
beginning of year $124,068 · end of year $108,513
-
25 · Other liabilities
beginning of year $47,363 · end of year $22,206
-
27 · Net assets without donor restrictions
beginning of year $1,333,670 · end of year $715,748
-
28 · Net assets with donor restrictions
beginning of year $17,748,657 · end of year $19,551,995
Mission and programs · 2023
Mission
Entertain and engage our community through musical performance and education.
Activities or mission (Part I)
The Monterey Symphony produces and presents concerts at the Sunset Center and Forest Theater in Carmel as well as Sherwood Hall in Salinas. Concerts showcase well known works, as well as lesser known works. The Symphony typically commissions one new work each year.
-
THE SYMPHONY PERFORMS MAJOR WORKS BY GREAT COMPOSERS, LESSER-KNOWN WORKS BY THEM AND THEIR CONTEMPORARIES, WORKS BY LIVING COMPOSERS AND POPULAR MUSIC THAT USES SYMPHONIC INSTRUMENTATION. DURING THE 2023-2024 SEASON 6 CONCERT SETS, WITH A TOTAL OF 12 PERFORMANCES, AT THE SUNSET CENTER IN CARMEL. EACH CONCERT SET INCLUDES 2 PERFORMANCES. THE OUTDOOR POPS CONCERT SERIES FEATURES FAMILY FRIENDLY COMPOSITIONS FROM FILMS, MUSICALS, TV SHOWS AND VARIOUS OTHER TYPES OF MEDIA. THE POPS CONCERT SERIES WAS PRESENTED TWICE AT THE FOREST THEATRE IN CARMEL WITH AN ADDITIONAL PERFORMANCE AT SHERWOOD HALL IN SALINAS. TWO YOUTH CONCERTS WERE PRESENTED AT SHERWOOD HALL IN SALINAS AND TWO MORE WERE PERFORMED AT THE FOREST THEATER IN CARMEL. CHILDREN FROM ALL OVER THE COUNTY WERE INVITED TO WATCH THE MONTEREY SYMPHONY PERFORM COMPOSITIONS FROM POPULAR FILMS, MUSICALS AND TV SHOWS FREE OF CHARGE.
Expenses $1,892,885 · Revenue $326,466
As filed on the 2023 return.
Listed in Part VII
-
Nicola ReillyNICOLA REILLY
Executive Dir.
- Total calculated
- $250,060
- From this org
- $227,105
- From related orgs
- $0
- Other
- $22,955
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $227,105
- Bonus
- not reported
- Other
- not reported
- Deferred
- $3,600
- Nontaxable benefits
- $19,355
- Filer's total
- $250,060
-
Noemi Vera
Operations Dir.
- Total calculated
- $85,000
- From this org
- $85,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Bruce LindseyBRUCE LINDSEY
IMM PAST PRES
- Total calculated
- $0
- Hours/week
- 2
-
Susan BreenSUSAN BREEN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Charles SchimmelCHARLES SCHIMMEL
President
- Total calculated
- $0
- Hours/week
- 2
-
Jeffrey WallaceJEFFREY WALLACE
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Jeryl AbelmannJERYL ABELMANN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Susan BrittonSUSAN BRITTON
RESIGNED 2/24
- Total calculated
- $0
- Hours/week
- 1
-
Alan MasonALAN MASON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mollie HedgesMOLLIE HEDGES
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brenda MurdockBRENDA MURDOCK
Director
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth LymanELIZABETH LYMAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Diane MallDIANE MALL
Director
- Total calculated
- $0
- Hours/week
- 1
-
Noelle MicekNOELLE MICEK
Director
- Total calculated
- $0
- Hours/week
- 1
-
Maureen SandersMAUREEN SANDERS
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
William SharpeWILLIAM SHARPE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Pinkie TerryPINKIE TERRY
Director
- Total calculated
- $0
- Hours/week
- 2
-
Martin WolfMARTIN WOLF
Director
- Total calculated
- $0
- Hours/week
- 1
-
David ZachesDAVID ZACHES
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lee RosenLEE ROSEN
Director
- 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
- 1b · Written policy on the line-1a expenses
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
The filer's explanations (Part III)
- Part I, Line 1a: Relevant information in regards to selections on 1a.
- The board approved a $3k per month stipend for the President & CEO as a housing allowence for cost of living. It is processed as taxed wages in payroll. This amount was approved at budget approval meetings.
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 2 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501229349301525
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