Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $90,865

• 1d · Related organizations

  $5,931,400

• 1e · Government grants (contributions)

  $452,543

• 1f · All other contributions, gifts and grants

  $62,188,864

• 1g · Noncash contributions included above

  $77,231

• 2a · Program service revenue: CONCERT TICKETS

  total $16,429,593 · related or exempt $16,429,593

• 2b · Program service revenue: OTHER PERFORMANCE REVENUE

  total $2,302,619 · related or exempt $2,302,619

• 3 · Investment income

  total $181,754 · excluded $181,754

• 6a · Gross rents

  real property $5,253,594

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $5,253,594

• 6d · Net rental income or loss

  total $5,253,594 · excluded $5,253,594

• 8a · Fundraising events: gross income

  $21,825

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

  $90,865

• 8b · Fundraising events: direct expenses

  $31,747

• 8c · Net income from fundraising events

  total -$9,922 · excluded -$9,922

• 10a · Gross sales of inventory

  $3,163,902

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $3,163,902 · excluded $3,163,902

• 11d · All other revenue

  total $483,553 · excluded $483,553

• 11e · Other revenue, total

  $483,553

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $978,384 · management and general $978,384

• 7 · Other salaries and wages

  total $20,949,508 · program services $18,830,249 · management and general $1,071,427 · fundraising $1,047,832

• 8 · Pension plan contributions

  total $1,557,270 · program services $1,311,754 · management and general $141,951 · fundraising $103,565

• 9 · Other employee benefits

  total $712,514 · program services $625,905 · management and general $37,193 · fundraising $49,416

• 10 · Payroll taxes

  total $1,647,912 · program services $1,434,755 · management and general $131,854 · fundraising $81,303

• 11b · Fees: legal

  total $275,175 · program services $182,262 · management and general $92,913

• 11c · Fees: accounting

  total $174,318 · management and general $174,318

• 11e · Fees: professional fundraising services

  total $198,533 · fundraising $198,533

• 11g · Fees: other

  total $8,453,185 · program services $8,034,882 · management and general $327,491 · fundraising $90,812

• 12 · Advertising and promotion

  total $1,199,053 · program services $1,094,380 · fundraising $104,673

• 13 · Office expenses

  total $841,514 · program services $672,920 · management and general $161,845 · fundraising $6,749

• 14 · Information technology

  total $814,820 · program services $272,580 · management and general $542,240

• 15 · Royalties

  total $173,643 · program services $173,643

• 16 · Occupancy

  total $2,760,088 · program services $1,981,848 · management and general $778,240

• 17 · Travel

  total $315,027 · program services $284,181 · management and general $25,521 · fundraising $5,325

• 19 · Conferences, conventions and meetings

  total $50,264 · program services $12,139 · management and general $38,125

• 20 · Interest

  total $127,607 · management and general $127,607

• 22 · Depreciation, depletion and amortization

  total $5,079,432 · program services $5,079,432

• 23 · Insurance

  total $316,310 · management and general $316,310

• 24a · Other expenses: CREDIT CARD PROCESSING

  total $551,869 · program services $441,197 · fundraising $110,672

• 24e · All other expenses

  total $4,555,534 · program services $1,795,460 · management and general $2,410,608 · fundraising $349,466

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $10,226,183 · end of year $10,214,166

• 2 · Savings and temporary cash investments

  beginning of year $8,490,186 · end of year $6,065,615

• 3 · Pledges and grants receivable

  beginning of year $29,414,894 · end of year $23,971,184

• 4 · Accounts receivable

  beginning of year $3,439,996 · end of year $5,532,992

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,153,378 · end of year $2,866,475

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

  $282,325,852

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

  $31,866,094

• 10c · Land, buildings and equipment, net

  beginning of year $186,688,746 · end of year $250,459,758

• 11 · Investments: publicly traded securities

  beginning of year $900,925 · end of year $935,344

• 15 · Other assets

  beginning of year $17,825,812 · end of year $17,641,584

• 17 · Accounts payable and accrued expenses

  beginning of year $19,357,086 · end of year $24,780,980

• 19 · Deferred revenue

  beginning of year $9,311,871 · end of year $13,533,234

• 24 · Unsecured notes and loans payable

  beginning of year $25,437,396 · end of year $29,053,059

• 25 · Other liabilities

  beginning of year $21,474,347 · end of year $20,353,687

• 27 · Net assets without donor restrictions

  beginning of year $74,222,234 · end of year $68,904,877

• 28 · Net assets with donor restrictions

  beginning of year $109,337,186 · end of year $161,061,281

The filer's explanations (Part III)

PART I, LINE 1A

THE ORGANIZATION'S MUSIC DIRECTOR, A HIGHEST COMPENSATED EMPLOYEE, RECEIVES HOUSING ALLOWANCE THAT IS REPORTED AS TAXABLE COMPENSATION.

PART I, LINE 4B

THE ORGANIZATION'S CEO PARTICIPATES IN A 457(F) PLAN. NO CONTRIBUTIONS OR DISTRIBUTIONS WERE MADE FOR TAX YEAR 2023.