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Nonprofiteer
← MUSIC AND EVENT MANAGEMENT INC

Form 990 for tax year 2022

Filed by MUSIC AND EVENT MANAGEMENT INC.

Totals

Total revenue
$66,942,293
Total expenses
$67,078,061
Contributions and grants received
$3,366,481
Grants paid
$8,697,090
Program service revenue
$52,768,385
Investment income
$987,830
Other revenue
$9,819,597
Total assets, end of year
$35,354,818
Total liabilities, end of year
$23,270,622
Net assets or fund balances, end of year
$12,084,196
Program services expenses (Part IX)
$58,418,402
Management and general expenses
$8,659,659
Fundraising expenses
$0
Program service expenses (Part III)
$58,418,402

Program services were 87.1% 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.

  • 1e · Government grants (contributions)

    $881,570

  • 1f · All other contributions, gifts and grants

    $2,484,911

  • 2a · Program service revenue: EVENT MANAGEMENT REVENUE

    total $52,768,385 · related or exempt $52,768,385

  • 3 · Investment income

    total $987,830 · excluded $987,830

  • 10a · Gross sales of inventory

    $20,103,994

  • 10b · Cost of goods sold

    $10,284,397

  • 10c · Net income from sales of inventory

    total $9,819,597 · excluded $9,819,597

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,697,090 · program services $8,697,090

  • 5 · Compensation of officers, directors and key employees

    total $844,641 · program services $373,321 · management and general $471,320

  • 7 · Other salaries and wages

    total $8,308,236 · program services $3,727,851 · management and general $4,580,385

  • 8 · Pension plan contributions

    total $34,982 · program services $11,912 · management and general $23,070

  • 9 · Other employee benefits

    total $999,169 · program services $340,227 · management and general $658,942

  • 10 · Payroll taxes

    total $705,232 · program services $394,831 · management and general $310,401

  • 11b · Fees: legal

    total $63,673 · management and general $63,673

  • 11c · Fees: accounting

    total $25,112 · management and general $25,112

  • 11d · Fees: lobbying

    total $61,000 · management and general $61,000

  • 11g · Fees: other

    total $366,243 · program services $73,698 · management and general $292,545

  • 12 · Advertising and promotion

    total $2,005,724 · program services $2,005,724

  • 13 · Office expenses

    total $108,263 · program services $33 · management and general $108,230

  • 16 · Occupancy

    total $1,182,912 · program services $586,163 · management and general $596,749

  • 17 · Travel

    total $200,819 · program services $161,001 · management and general $39,818

  • 19 · Conferences, conventions and meetings

    total $926,169 · program services $892,845 · management and general $33,324

  • 22 · Depreciation, depletion and amortization

    total $524,706 · program services $6,196 · management and general $518,510

  • 23 · Insurance

    total $519,566 · program services $459,613 · management and general $59,953

  • 24a · Other expenses: ARTIST FEES

    total $30,287,203 · program services $30,287,203

  • 24b · Other expenses: PERFORMANCE COSTS

    total $9,368,684 · program services $9,368,684

  • 24c · Other expenses: MERCHANDISE EXPENSE

    total $623,362 · program services $623,362

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $447,912 · program services $148,836 · management and general $299,076

  • 24e · All other expenses

    total $777,363 · program services $259,812 · management and general $517,551

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,273,967 · end of year $4,294,588

  • 2 · Savings and temporary cash investments

    beginning of year $22,791,951 · end of year $23,685,694

  • 3 · Pledges and grants receivable

    beginning of year $1,348,645 · end of year $1,136,431

  • 4 · Accounts receivable

    beginning of year $3,892,495 · end of year $3,416,048

  • 8 · Inventories for sale or use

    beginning of year $17,950 · end of year $24,081

  • 9 · Prepaid expenses and deferred charges

    beginning of year $864,521 · end of year $1,218,281

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

    $2,958,217

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

    $2,503,733

  • 10c · Land, buildings and equipment, net

    beginning of year $532,642 · end of year $454,484

  • 15 · Other assets

    beginning of year $86,941 · end of year $1,125,211

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,241,248 · end of year $9,818,384

  • 19 · Deferred revenue

    beginning of year $8,874,240 · end of year $12,372,167

  • 25 · Other liabilities

    beginning of year $473,660 · end of year $1,080,071

  • 27 · Net assets without donor restrictions

    beginning of year $12,219,964 · end of year $12,084,196

Mission and programs · 2022

Mission

MUSIC AND EVENT MANAGEMENT, INC. (MEMI), A WHOLLY OWNED SUBSIDIARY OF THE CINCINNATI SYMPHONY ORCHESTRA (CSO), MANAGES AND OFFERS A DIVERSE ARRAY OF QUALITY PERFORMANCES AT RIVERBEND MUSIC CENTER, THE PNC PAVILION, AND THE TAFT THEATRE, AND ADDITIONALLY OFFERS PREFERRED SERVICES TO OTHER NON-PROFIT ORGANIZATIONS FOR FESTIVALS AND COMMUNITY EVENTS. MEMI SUPPORTS THE CSO'S MISSION TO ENHANCE THE CULTURAL VITALITY AND QUALITY OF LIFE IN THE GREATER CINCINNATI REGION.

  • MUSIC AND EVENT MANAGEMENT, INC. (MEMI), A WHOLLY OWNED SUBSIDIARY OF THE CINCINNATI SYMPHONY ORCHESTRA (CSO), MANAGES AND OFFERS A DIVERSE ARRAY OF QUALITY PERFORMANCES AT RIVERBEND MUSIC CENTER, THE PNC PAVILION, ANDREW J. BRADY MUSIC CENTER AND THE TAFT THEATRE, AND ADDITIONALLY OFFERS PREFERRED SERVICES TO OTHER NON-PROFIT ORGANIZATIONS FOR FESTIVALS AND COMMUNITY EVENTS. MEMI SUPPORTS THE CSO'S MISSION TO ENHANCE THE CULTURAL VITALITY AND QUALITY OF LIFE IN THE GREATER CINCINNATI REGION.MEMI OFFERED 27 EVENTS AT RIVERBEND MUSIC CENTER WITH 276,392 IN ATTENDANCE, 18 EVENTS AT PNC PAVILION WITH 53,691 IN ATTENDANCE, 57 EVENTS AT ANDREW J. BRADY MUSIC CENTER WITH 150,207 IN ATTENDANCE, AND 91 EVENTS AT THE TAFT THEATRE WITH 140,635 IN ATTENDANCE.

    Expenses $58,418,402 · Grants $8,697,090 · Revenue $52,768,385

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Smith

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $699,178
    From this org
    $658,255
    From related orgs
    $0
    Other
    $40,923
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $278,755
    Bonus
    $379,500
    Other
    $0
    Deferred
    $22,300
    Nontaxable benefits
    $18,623
    Filer's total
    $699,178

  • Jonathan Martin

    PRESIDENT

    Total calculated
    $600,669
    From this org
    $70,167
    From related orgs
    $503,917
    Other
    $26,585
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $70,167 + $364,867 related
    Bonus
    $0 + $139,050 related
    Other
    $0
    Deferred
    $2,807 + $14,595 related
    Nontaxable benefits
    $1,481 + $7,702 related
    Filer's total
    $74,455 + $526,214 related

  • Richard Freshwater

    CHIEF FINANCIAL OFFICER

    Total calculated
    $302,828
    From this org
    $63,862
    From related orgs
    $211,813
    Other
    $27,153
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $56,362 + $157,813 related
    Bonus
    $7,500 + $54,000 related
    Other
    $0
    Deferred
    $3,382 + $9,469 related
    Nontaxable benefits
    $3,764 + $10,538 related
    Filer's total
    $71,008 + $231,820 related

  • Edward Morrell

    CHIEF BUSINESS OFFICER

    Total calculated
    $303,936
    From this org
    $273,126
    From related orgs
    $0
    Other
    $30,810
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,126
    Bonus
    $70,000
    Other
    $0
    Deferred
    $12,188
    Nontaxable benefits
    $18,622
    Filer's total
    $303,936

  • Mathew Dunne

    CHIEF OPERATING OFFICER

    Total calculated
    $297,396
    From this org
    $266,846
    From related orgs
    $0
    Other
    $30,550
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,846
    Bonus
    $65,000
    Other
    $0
    Deferred
    $11,927
    Nontaxable benefits
    $18,623
    Filer's total
    $297,396

  • Michele Ferrara

    DIRECTOR OF SPONSORSHIP SALES

    Total calculated
    $232,500
    From this org
    $219,811
    From related orgs
    $0
    Other
    $12,689
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $87,627
    Bonus
    $132,184
    Other
    $0
    Deferred
    $3,505
    Nontaxable benefits
    $9,184
    Filer's total
    $232,500

  • Jennifer Schoonover

    DIRECTOR OF PREMIUM SEAT SALES

    Total calculated
    $218,866
    From this org
    $202,037
    From related orgs
    $0
    Other
    $16,829
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $55,634
    Bonus
    $146,403
    Other
    $0
    Deferred
    $2,225
    Nontaxable benefits
    $14,604
    Filer's total
    $218,866

  • Rosemarie Moehring

    DIRECTOR OF MARKETING

    Total calculated
    $198,931
    From this org
    $178,425
    From related orgs
    $0
    Other
    $20,506
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,425
    Bonus
    $50,000
    Other
    $0
    Deferred
    $5,137
    Nontaxable benefits
    $15,369
    Filer's total
    $198,931

  • Dianne Rosenberg

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Sue McPartlin

    SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    1 + 0.5 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

  • 3 · Compensation committee
  • 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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • EVT MANAGEMENT SERVICES LLC

    CONCESSIONS AND EQUIPMENT COMPANY · OH · income $3,463,809 · assets $470,887

    Directly controlled by MUSIC AND EVENT MANAGEMENT INC

Provenance

Return type
form_990
Tax year
2022
Filed
9 July 2024
IRS schema version
2022v5.0
Source object
202441929349301624

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