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Milwaukee Symphony Orchestra Foundation FY2020 filing

Tax-deductible

Milwaukee, WI501(c)(3)Since 1991Arts & Culture EIN 39-1715515Revenue $614K in FY2020

On file with the IRSmso.org212 W Wisconsin Ave, 53203-2307 · Milwaukee, WITax-exempt since Sep 1992Supporting organization — 509(a)(3)

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To support the programs of the Milwaukee Symphony Orchestra, INC.("mso"), whose mission is to comfort, educate, entertain, and exhilarate the human soul through events of cultural significance, relevance and artistic challenge.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
4 of 6
filings with a surplus
Average surplus $4.1M a year · 79% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Plus $17.7M in investments, Pt X · Ln 11–13
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$614K
Spent
$836K
To programs
91%
Net assets
$18.5M
By yearFY2020–FY2025
Revenue
$614K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$614K
FY2021$2.6M
FY2022$414K
FY2023$5.8M
FY2024$5.2M
FY2025$16.5M
Expenses
$836K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$836K
FY2021$870K
FY2022$1.0M
FY2023$1.1M
FY2024$1.3M
FY2025$1.3M
Net assets
$18.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$18.5M
FY2021$22.3M
FY2022$19.0M
FY2023$24.3M
FY2024$30.8M
FY2025$47.9M

From the FY2020 Form 990 (year ending August 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Sep 1992.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $763K Management & general 9% · $73K

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

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Robert Webster
Authorized Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Milwaukee Symphony Orchestra Foundation executive salaries →

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds the Milwaukee Symphony Orchestra's artistic and educational programs.

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Provided by the organization

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1 program · $763K · in their own filed words · FY2019
01

The primary area in which the milwaukee symphony orchestra foundation trust assists the milwaukee symphony orchestra, inc. For program services is through general operating assistance. All of the money granted to the milwaukee symphony orchestra is based on the formula approved by the foundation trustees.

$763Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2021
Santa Barbara FoundationFY2021$11K
Total grants receivedfrom 1 funder$11K
Grants paid · 6 grants · $5.8M · 2019–2024
Milwaukee Symphony Orchestra INCWI · FY2024$1,141,188
Milwaukee Symphony Orchestra INCWI · FY2023$1,198,365
Milwaukee Symphony Orchestra INCWI · FY2022$1,015,288
Milwaukee Symphony Orchestra INCWI · FY2021$880,078
Milwaukee Symphony Orchestra INCWI · FY2020$788,283
Milwaukee Symphony Orchestra INCWI · FY2019$763,299

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$614K
Ln 12
Investment incomeLn 3$344K
Gifts and grantsLn 1h$270K
Money outPt IX
$836K
Ln 25
Programscol B$763K
Managementcol C$73K
Owns and owesPt X
$18.5M
net assets · Ln 32
Cash and savingsLn 1–2$269K
Total assetsLn 16$18.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$270K
Investment incomeLn 3$344K
Gains on assetsLn 7−$110K
Total revenueLn 12$614K
Assets in detailPt X, end of year
SavingsLn 2$269K
Cash and savings togetherLn 1–2$269K
InvestmentsLn 11–13$17.7M
Other assetsLn 15$152K
Total assetsLn 16$18.5M
LiabilitiesLn 26$0
Net assetsLn 32$18.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$322K$269K
InvestmentsLn 11–13$16.5M$17.7M
Total assetsLn 16$17.5M$18.5M
LiabilitiesLn 26$0$0
Net assetsLn 32$17.5M$18.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$763K$763K
Investment management feesLn 11f$65K$65K
Other fees for servicesLn 11g$8K$8K
Total functional expensesLn 25$836K$763K$73K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $16.5M$1.3M$15.2M$47.9M 990 PDF
FY2024 $5.2M$1.3M$3.9M$30.8M 990 PDF
FY2023 $5.8M$1.1M$4.7M$24.3M 990 PDF
FY2022 $414K$1.0M−$630K$19.0M 990 PDF
FY2021 $2.6M$870K$1.7M$22.3M 990 PDF
FY2020 Viewing $614K$836K−$222K$18.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $614,354 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $851,938$270,383
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,604,766$343,971
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,456,704$614,354
I-13 Grants and similar amounts paidPrior year $757,695$763,299
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $65,474$73,168
I-18 Total expensesPrior year $823,169$836,467
I-19 Revenue less expensesPrior year $1,633,535−$222,113
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $614,354 across 5 lines filed
VIII-1f All other contributions, gifts and grants$270,383
VIII-1h Total contributions, gifts and grants$270,383
VIII-3 Investment incomeExcluded from tax $453,833$453,833
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$109,862−$109,862
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $343,971$614,354
Part IX · Statement of functional expenses $836,467 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $763,299$763,299
IX-11f Investment management feesManagement $64,996$64,996
IX-11g Other fees for servicesManagement $8,172$8,172
IX-25 Total functional expensesPrograms $763,299 · Management $73,168 · Fundraising $0$836,467
Part X · Balance sheet $18,522,354 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $322,134$268,596
X-3 Pledges and grants receivableStart of year $489,888$436,124
X-4 Accounts receivableStart of year $15,015$13,769
X-11 Publicly traded securitiesStart of year $16,531,366$17,651,365
X-15 Other assetsStart of year $152,500$152,500
X-16 Total assetsStart of year $17,510,903$18,522,354
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $2,702,801$2,804,085
X-28 Net assets with donor restrictionsStart of year $14,808,102$15,718,269
X-32 Total net assets or fund balancesStart of year $17,510,903$18,522,354
X-33 Total liabilities and net assetsStart of year $17,510,903$18,522,354
Part XI · Reconciliation of net assets $18,522,354 net assets at year end
XI-1 Total revenue$614,354
XI-2 Total expenses$836,467
XI-3 Revenue less expenses−$222,113
XI-4 Net assets at start of year$17,510,903
XI-5 Net unrealized gains (losses) on investments$1,233,564
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$18,522,354

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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