Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,916,680

• 1d · Related organizations

  $1,636,035

• 1e · Government grants (contributions)

  $105,400

• 1f · All other contributions, gifts and grants

  $11,027,922

• 1g · Noncash contributions included above

  $980,416

• 2a · Program service revenue: CONCERT REVENUE

  total $13,332,116 · related or exempt $13,332,116

• 2b · Program service revenue: SUPPORT SERVICE FEES

  total $2,021,917 · related or exempt $2,021,917

• 2c · Program service revenue: HALL USAGE FEE

  total $737,179 · related or exempt $294,271 · unrelated business $442,908

• 2d · Program service revenue: MANAGEMENT FEE

  total $100,000 · related or exempt $100,000

• 3 · Investment income

  total $214,853 · excluded $214,853

• 5 · Royalties

  total $38,895 · excluded $38,895

• 7a · Gross sales of assets other than inventory

  securities $920,766

• 7b · Less cost or other basis and sales expenses

  securities $917,446

• 7c · Gain or loss

  securities $3,320

• 7d · Net gain or loss

  total $3,320 · excluded $3,320

• 8a · Fundraising events: gross income

  $225,513

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

  $1,916,680

• 8b · Fundraising events: direct expenses

  $281,465

• 8c · Net income from fundraising events

  total -$55,952 · excluded -$55,952

• 10a · Gross sales of inventory

  $152,492

• 10b · Cost of goods sold

  $95,944

• 10c · Net income from sales of inventory

  total $56,548 · unrelated business $13,608 · excluded $42,940

• 11a · Other revenue: AUXILIARY INCOME

  total $5,286 · related or exempt $5,286

• 11e · Other revenue, total

  $5,286

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $350,004 · program services $350,004

• 5 · Compensation of officers, directors and key employees

  total $2,139,171 · program services $1,433,370 · management and general $485,585 · fundraising $220,216

• 7 · Other salaries and wages

  total $19,131,701 · program services $16,126,065 · management and general $1,746,034 · fundraising $1,259,602

• 8 · Pension plan contributions

  total $763,148 · program services $665,208 · management and general $56,443 · fundraising $41,497

• 9 · Other employee benefits

  total $5,122,925 · program services $4,218,426 · management and general $470,983 · fundraising $433,516

• 10 · Payroll taxes

  total $1,917,171 · program services $1,548,959 · management and general $221,306 · fundraising $146,906

• 11b · Fees: legal

  total $124,811 · program services $10,852 · management and general $113,959

• 11c · Fees: accounting

  total $355,505 · program services $13,199 · management and general $342,306

• 11d · Fees: lobbying

  total $67,000 · management and general $67,000

• 11f · Fees: investment management

  total $156 · management and general $156

• 12 · Advertising and promotion

  total $1,715,445 · program services $1,560,370 · management and general $110,229 · fundraising $44,846

• 13 · Office expenses

  total $917,441 · program services $509,247 · management and general $236,118 · fundraising $172,076

• 14 · Information technology

  total $552,681 · program services $4,399 · management and general $548,265 · fundraising $17

• 15 · Royalties

  total $161,628 · program services $161,628

• 16 · Occupancy

  total $294,912 · program services $137,799 · management and general $155,394 · fundraising $1,719

• 17 · Travel

  total $475,177 · program services $406,123 · management and general $56,330 · fundraising $12,724

• 20 · Interest

  total $225,434 · management and general $225,434

• 22 · Depreciation, depletion and amortization

  total $239,602 · management and general $239,602

• 23 · Insurance

  total $79,501 · program services $43,081 · management and general $36,420

• 24a · Other expenses: CONCERT COSTS

  total $2,553,280 · program services $2,373,340 · management and general $26,645 · fundraising $153,295

• 24b · Other expenses: RECRUITMENT

  total $64,906 · program services $25,603 · management and general $39,303

• 24c · Other expenses: UBI TAXES

  total $59,187 · management and general $59,187

• 24d · Other expenses: TAXES AND LICENSES

  total $33,229 · program services $32,710 · management and general $272 · fundraising $247

• 24e · All other expenses

  total $5,824 · program services $14 · management and general $5,810

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $712,267 · end of year $384,772

• 2 · Savings and temporary cash investments

  beginning of year $45,711 · end of year $43,228

• 3 · Pledges and grants receivable

  beginning of year $3,091,549 · end of year $3,153,330

• 4 · Accounts receivable

  beginning of year $1,724,655 · end of year $514,937

• 7 · Other notes and loans receivable

  beginning of year $1,120,629 · end of year $1,154,148

• 8 · Inventories for sale or use

  beginning of year $230,113 · end of year $229,851

• 9 · Prepaid expenses and deferred charges

  beginning of year $498,464 · end of year $581,450

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

  $9,411,133

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

  $3,164,697

• 10c · Land, buildings and equipment, net

  beginning of year $6,446,712 · end of year $6,246,436

• 15 · Other assets

  beginning of year $5,138,737 · end of year $6,739,765

• 17 · Accounts payable and accrued expenses

  beginning of year $1,508,521 · end of year $1,972,349

• 19 · Deferred revenue

  beginning of year $6,594,850 · end of year $6,572,103

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $5,223,973

• 25 · Other liabilities

  beginning of year $1,904,791 · end of year $1,019,382

• 27 · Net assets without donor restrictions

  beginning of year -$997,405 · end of year -$5,407,382

• 28 · Net assets with donor restrictions

  beginning of year $9,998,080 · end of year $9,667,492

The filer's explanations (Part III)

PART I, LINE 7

MR. THIAGARAJAN'S BONUS AMOUNT REFLECTS A CALENDAR YEAR 2023 BONUS AWARD. AN EXECUTIVE COMPENSATION AND EVALUATION COMMITTEE, COMPRISED OF SIX MEMBERS OF THE EXECUTIVE COMMITTEE, DETERMINED AND APPROVED THE BONUS. THE BONUS AMOUNTS PAID TO MS. YANG AND MS. WONG FOR CALENDAR YEAR 2023 WERE DETERMINED AND APPROVED BY THE PRESIDENT & CEO, CONSISTENT WITH HIS RESPONSIBILITY AS SUPERVISOR AND UNDER AUTHORITY PROVIDED BY THE SYMPHONY'S "DELEGATIONS OF AUTHORITY" POLICY, APPROVED BY THE EXECUTIVE COMMITTEE.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CHARITABLE LEAD ANNUITY TRUST (1)

  T · INVESTMENTS · WA