The mission of the Cincinnati Symphony Orchestra is to seek and share inspiration.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$2.9M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $29.5M a year · 45% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.9M
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
12 mo
of spending, in cash
Plus $234.3M in investments, Pt X · Ln 11–13
Looks good: 11.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $221K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7.3M
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
54
of 56 voting members
Looks good: 54 of 56 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$51.1M
-7% vs prior year
Spent
$38.5M
To programs
79%
Net assets
$317.1M
By yearFY2020–FY2025
Revenue
$51.1M
FY2023▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$72.8M
FY2021$44.4M
FY2022$55.2M
FY2023$51.1M
FY2024$53.3M
FY2025$115.8M
Expenses
$38.5M
FY2023▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$30.8M
FY2021$27.4M
FY2022$37.0M
FY2023$38.5M
FY2024$40.2M
FY2025$42.0M
Net assets
$317.1M
FY2023▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$266.0M
FY2021$323.8M
FY2022$292.9M
FY2023$317.1M
FY2024$359.9M
FY2025$451.5M

From the FY2023 Form 990 (year ending August 2023) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1934.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $30.3M Management & general 17% · $6.5M Fundraising 4% · $1.7M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

66 people listed on the 990; $2.9M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President & CEO
$503,917Pt VII · Sec A
Concertmaster, Violin
$292,169Pt VII · Sec A
Chief Operating Officer
$261,412Pt VII · Sec A
Chief Philanthropy Officer
$242,560Pt VII · Sec A
Chief Diversity & Inclusion Officer
$226,031Pt VII · Sec A
Pops Conductor
$218,814Pt VII · Sec A
Principal Oboe
$217,384Pt VII · Sec A
Principal Trumpet
$215,847Pt VII · Sec A

Jonathan Martin’s $534K as President & CEO is at the 25th percentile of top reported officer pay among 53 $100M+ arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Martin Jonathan—$519,035$503,917$540,583$310,563$400,797
Jonathan Martin$534,269—————
Robert McGrath$359,078—————
McGrath Robert—$350,520$261,412$242,931$207,584$205,290
Stefani Matsuo$324,305—————
Matsuo Stefani—$313,373$292,169$259,081$245,030$214,456
Freshwater Richard—$286,938$211,813$195,184$173,860$174,404
Richard Freshwater$273,355—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Cincinnati Symphony Orchestra executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Performs classical, pops, and educational orchestra concerts, also providing musical services for ballet and other arts organizations.

Questions for Cincinnati Symphony Orchestra

Tap to ask. Cincinnati Symphony Orchestra sees how many people are interested.

Your first name shows with your question. Cincinnati Symphony Orchestra answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $30.3M · in their own filed words · FY2022
01

Orchestra concerts of classical works (54), pops (30), youth and educational (177), and other concerts (17). Additionally, the orchestra provides services to the cincinnati ballet (29) as well as other services to similar mission-aligned entities.

$30.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$51.1M
Ln 12
Gifts and grantsLn 1h$32.4M
Investment incomeLn 3$9.4M
Fees for servicesLn 2g$9.2M
Money outPt IX
$38.5M
Ln 25
Programscol B$30.3M
Managementcol C$6.5M
Fundraisingcol D$1.7M
Owns and owesPt X
$317.1M
net assets · Ln 32
Cash and savingsLn 1–2$37.2M
Total assetsLn 16$324.3M
LiabilitiesLn 26$7.3M
PeoplePt VI, VII
66
listed · VII A
PaidVII A12
Voting boardVI 1a56
IndependentVI 1b54
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$32.4M
Government grantsLn 1e$800K
Noncash giftsLn 1g$150K
Fees for servicesLn 2g$9.2M
Investment incomeLn 3$9.4M
Other incomeLn 4–11$50K
Gains on assetsLn 7$4.5M
Total revenueLn 12$51.1M
Assets in detailPt X, end of year
CashLn 1$638K
SavingsLn 2$36.5M
Cash and savings togetherLn 1–2$37.2M
InvestmentsLn 11–13$234.3M
Land, buildings, equipmentLn 10c$37.7M
Other assetsLn 15$699K
Total assetsLn 16$324.3M
LiabilitiesLn 26$7.3M
Net assetsLn 32$317.1M
OperationsPt I, VI
EmployeesI 5539
VolunteersI 6160
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$26.2M$37.2M
InvestmentsLn 11–13$221.7M$234.3M
Land, buildings, equipmentLn 10c$38.7M$37.7M
Total assetsLn 16$298.4M$324.3M
LiabilitiesLn 26$5.4M$7.3M
Net assetsLn 32$292.9M$317.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.9M$1.6M$201K$100K
Other salaries and wagesLn 7$18.3M$15.3M$2.0M$970K
Pension plan contributionsLn 8$1.0M$923K$82K$35K
Other employee benefitsLn 9$2.3M$1.9M$214K$129K
Payroll taxesLn 10$1.4M$1.2M$127K$74K
Legal feesLn 11b$80K$80K
Accounting feesLn 11c$61K$61K
Professional fundraising feesLn 11e$84K$84K
Investment management feesLn 11f$381K$381K
Other fees for servicesLn 11g$4.0M$2.8M$1.2M
Advertising and promotionLn 12$1.4M$1.4M$440$37K
Office expensesLn 13$152K$68K$75K$8K
OccupancyLn 16$1.2M$930K$280K$9K
TravelLn 17$245K$220K$17K$8K
Conferences, conventions and meetingsLn 19$215K$107K$91K$17K
Depreciation, depletion and amortizationLn 22$1.6M$279K$1.3M$2K
InsuranceLn 23$158K$74K$84K
Other expenses (24a–d)Ln 24$3.4M$3.1M$36K$230K
All other expensesLn 24e$598K$303K$280K$16K
Total functional expensesLn 25$38.5M$30.3M$6.5M$1.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $115.8M$42.0M$73.9M$451.5M 990 PDF
FY2024 $53.3M$40.2M$13.2M$359.9M 990 PDF
FY2023 Viewing $51.1M$38.5M$12.6M$317.1M 990 PDF
FY2022 $55.2M$37.0M$18.2M$292.9M 990 PDF
FY2021 $44.4M$27.4M$17.0M$323.8M 990 PDF
FY2020 $72.8M$30.8M$42.1M$266.0M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $51,084,528 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $35,790,515$32,436,312
I-9 Program service revenuePrior year $9,031,683$9,191,520
I-10 Investment incomePrior year $10,290,999$9,406,589
I-11 Other revenuePrior year $40,026$50,107
I-12 Total revenuePrior year $55,153,223$51,084,528
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $23,361,253$24,914,830
I-16a Professional fundraising feesPrior year $99,125$84,201
I-17 Other expensesPrior year $13,508,628$13,507,761
I-18 Total expensesPrior year $36,969,006$38,506,792
I-19 Revenue less expensesPrior year $18,184,217$12,577,736
Part VI · Governance 54 of 56 board members independent, 1 to look at
VI-1a Voting members of the governing body56
VI-1b Independent voting members54
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $51,084,528 across 10 lines filed
Lines not itemized here account for $2,700 of total revenue; see the IRS return.
VIII-1d Related organizations$8,697,090
VIII-1e Government grants$799,569
VIII-1f All other contributions, gifts and grants$22,939,653
VIII-1g Noncash contributions (included above)$150,181
VIII-1h Total contributions, gifts and grants$32,436,312
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,191,520$9,191,520
VIII-3 Investment incomeUnrelated business −$6,539 · Excluded from tax $4,962,618$4,956,079
VIII-5 RoyaltiesExcluded from tax $47,407$47,407
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,450,510$4,450,510
VIII-12 Total revenueRelated to mission $9,194,220 · Unrelated business −$6,539 · Excluded from tax $9,460,535$51,084,528
Part IX · Statement of functional expenses $38,506,792 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $1,590,656 · Management $201,180 · Fundraising $99,621$1,891,457
IX-7 Other salaries and wagesPrograms $15,340,792 · Management $1,977,556 · Fundraising $970,088$18,288,436
IX-8 Pension plan contributionsPrograms $922,939 · Management $82,332 · Fundraising $34,643$1,039,914
IX-9 Other employee benefitsPrograms $1,949,956 · Management $213,882 · Fundraising $128,528$2,292,366
IX-10 Payroll taxesPrograms $1,201,307 · Management $126,988 · Fundraising $74,362$1,402,657
IX-11b Legal feesManagement $80,142$80,142
IX-11c Accounting feesManagement $61,289$61,289
IX-11e Professional fundraising feesFundraising $84,201$84,201
IX-11f Investment management feesManagement $380,985$380,985
IX-11g Other fees for servicesPrograms $2,829,727 · Management $1,152,965$3,982,692
IX-12 Advertising and promotionPrograms $1,384,916 · Management $440 · Fundraising $37,493$1,422,849
IX-13 Office expensesPrograms $68,196 · Management $75,422 · Fundraising $8,246$151,864
IX-16 OccupancyPrograms $930,130 · Management $280,108 · Fundraising $8,732$1,218,970
IX-17 TravelPrograms $220,261 · Management $16,557 · Fundraising $8,036$244,854
IX-19 Conferences, conventions and meetingsPrograms $106,664 · Management $91,123 · Fundraising $17,023$214,810
IX-22 Depreciation, depletion and amortizationPrograms $279,186 · Management $1,336,387 · Fundraising $2,076$1,617,649
IX-23 InsurancePrograms $73,827 · Management $84,230$158,057
IX-24 Other expenses (24a–d)Programs $3,109,179 · Management $36,123 · Fundraising $229,957$3,375,259
IX-24e All other expensesPrograms $302,626 · Management $279,608 · Fundraising $16,107$598,341
IX-25 Total functional expensesPrograms $30,310,362 · Management $6,477,317 · Fundraising $1,719,113$38,506,792
Part X · Balance sheet $324,339,521 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $342,166$637,779
X-2 Savings and temporary cash investmentsStart of year $25,833,700$36,540,063
X-3 Pledges and grants receivableStart of year $10,757,422$13,931,797
X-4 Accounts receivableStart of year $175,629$74,729
X-9 Prepaid expenses and deferred chargesStart of year $882,412$449,262
X-10c Land, buildings and equipment, netStart of year $38,666,763$37,676,997
X-11 Publicly traded securitiesStart of year $221,696,333$234,330,121
X-15 Other assetsStart of year $0$698,773
X-16 Total assetsStart of year $298,354,425$324,339,521
X-17 Accounts payable and accrued expensesStart of year $511,011$1,572,453
X-19 Deferred revenueStart of year $3,597,168$3,680,856
X-25 Other liabilitiesStart of year $1,298,806$2,035,715
X-26 Total liabilitiesStart of year $5,406,985$7,289,024
X-27 Net assets without donor restrictionsStart of year $105,507,239$117,337,506
X-28 Net assets with donor restrictionsStart of year $187,440,201$199,712,991
X-32 Total net assets or fund balancesStart of year $292,947,440$317,050,497
X-33 Total liabilities and net assetsStart of year $298,354,425$324,339,521
Part XI · Reconciliation of net assets $317,050,497 net assets at year end
XI-1 Total revenue$51,084,528
XI-2 Total expenses$38,506,792
XI-3 Revenue less expenses$12,577,736
XI-4 Net assets at start of year$292,947,440
XI-5 Net unrealized gains (losses) on investments$9,833,391
XI-9 Other changes in net assets$1,691,930
XI-10 Net assets at end of year$317,050,497

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.