Baltimore Symphony Orchestra INC: FY2020 Nonprofit Profile & Form 990 (EIN 52-0629696)

Revenue by fiscal year
FY2020	$28.0M
FY2021	$20.2M
FY2022	$26.9M
FY2023	$30.2M
FY2024	$41.7M

Expenses by fiscal year
FY2020	$23.3M
FY2021	$17.5M
FY2022	$28.5M
FY2023	$33.7M
FY2024	$34.7M

Net assets by fiscal year
FY2020	−$16.0M
FY2021	−$10.2M
FY2022	−$11.3M
FY2023	−$12.2M
FY2024	−$2.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1944.

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

Where the money goes

86 cents of each dollar spent went to programs.

86%

Program services 86% · $20.1M Management & general 9% · $2.2M Fundraising 5% · $1.1M

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

40 people listed on the 990; $1.4M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII

Ms Marin Alsop

Music Director

$283,973Pt VII · Sec A

Mr Peter Kjome

President and CEO

$253,969Pt VII · Sec A

Mr Jonathan Carney

Concert Master

$198,917Pt VII · Sec A

Ms Raquel Whiting-Gilmer

Executive Director Orchkid

$163,765Pt VII · Sec A

Ms Tonya Robles

VP and COO

$154,550Pt VII · Sec A

Mr Todd Price

Assistant Stage Manager

$154,474Pt VII · Sec A

Ms Sarah Beckwith

Vice President and CFO

$149,612Pt VII · Sec A

Mr Agw Biddle III

Board Member

$0Pt VII · Sec A

Mr Mark Hanson’s $342K as President and CEO is at the 53rd percentile of top reported officer pay among 749 $10–100M 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

Name	FY2024	FY2023	FY2022	FY2021	FY2020
Mr Mark Hanson	$342,120	$221,484	—	—	—
Ms Marin Alsop	—	$300,000	$199,642	$288,756	$283,973
Mr Edward Carney	$276,324	$268,557	$131,112	$204,741	—
Mr Peter Kjome	—	$59,100	$184,523	$173,910	$253,969
Ms Agnieszka Rakhmatullaev	$203,747	—	—	—	—
Mr Jonathan Carney	—	—	—	—	$198,917
Ms Cyrina R Yarbrough	$176,813	—	—	—	—
Mr Brian Smith	$127,964	$171,158	—	—	—

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.

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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 15aYes

Programs and updates

Presents symphonic concerts and offers cultural and educational programs.

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Provided by the organization

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1 program · $20.1M · in their own filed words · FY2019

01

Provides symphonic concerts, cultural and education presentations, cultural and educational rentals, broadcasting and recording.

$20.1Mprogram 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

T Rowe Price Program for Charitable Giving INCFY2025$240K

Patricia and Mark Joseph Shelter Foundation INCFY2025$50K

Peggy & Yale Gordon Chcaritable TrFY2025$45K

Lee Family Foundation INCFY2025$16K

Chapin Davis Foundation INCFY2025$10K

Give Back FoundationFY2025$9K

David W Buck Family Foundation INCFY2025$500

Strauss Foundation INCFY2025$100

Total grants receivedfrom 8 funders$371K

See all 8 funders →

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$28.0M

Ln 12

Gifts and grantsLn 1h$22.5M

Fees for servicesLn 2g$5.4M

Investment incomeLn 3$13K

Money outPt IX

$23.3M

Ln 25

Programscol B$20.1M

Managementcol C$2.2M

Fundraisingcol D$1.1M

Owns and owesPt X

−$16.0M

net assets · Ln 32

Cash and savingsLn 1–2$6.5M

Total assetsLn 16$11.0M

LiabilitiesLn 26$27.0M

PeoplePt VI, VII

40

listed · VII A

PaidVII A7

Voting boardVI 1a29

IndependentVI 1b28

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$22.5M

Government grantsLn 1e$2.9M

Noncash giftsLn 1g$1.2M

Fundraising eventsLn 1c$556K

Fees for servicesLn 2g$5.4M

Investment incomeLn 3$13K

Total revenueLn 12$28.0M

Assets in detailPt X, end of year

CashLn 1$600

SavingsLn 2$6.5M

Cash and savings togetherLn 1–2$6.5M

Land, buildings, equipmentLn 10c$488K

Other assetsLn 15$1.4M

Total assetsLn 16$11.0M

LiabilitiesLn 26$27.0M

Net assetsLn 32−$16.0M

OperationsPt I, VI

EmployeesI 5598

VolunteersI 6350

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$2.4M	$6.5M
Land, buildings, equipmentLn 10c	$422K	$488K
Total assetsLn 16	$8.4M	$11.0M
LiabilitiesLn 26	$29.5M	$27.0M
Net assetsLn 32	−$21.1M	−$16.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$431K	$129K	$216K	$86K
Other salaries and wagesLn 7	$12.2M	$11.3M	$344K	$576K
Pension plan contributionsLn 8	$1.2M	$1.1M	$135K
Other employee benefitsLn 9	$2.2M	$2.0M	$124K	$73K
Payroll taxesLn 10	$929K	$829K	$52K	$47K
Legal feesLn 11b	$21K		$21K
Accounting feesLn 11c	$52K		$52K
Lobbying feesLn 11d	$43K		$43K
Investment management feesLn 11f	$16K		$16K
Other fees for servicesLn 11g	$2.4M	$1.9M	$358K	$69K
Advertising and promotionLn 12	$828K	$741K		$86K
Office expensesLn 13	$341K	$159K	$177K	$5K
Information technologyLn 14	$232K		$232K
OccupancyLn 16	$1.2M	$1.2M
TravelLn 17	$167K	$164K	$2K	$2K
InterestLn 20	$119K		$119K
Depreciation, depletion and amortizationLn 22	$107K	$107K
InsuranceLn 23	$211K	$14K	$197K
Other expenses (24a–d)Ln 24	$477K	$394K	$20K	$64K
All other expensesLn 24e	$164K	$55K	$61K	$49K
Total functional expensesLn 25	$23.3M	$20.1M	$2.2M	$1.1M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$41.7M	$34.7M	$7.0M	−$2.6M	990 PDF
FY2023	$30.2M	$33.7M	−$3.6M	−$12.2M	990 PDF
FY2022	$26.9M	$28.5M	−$1.6M	−$11.3M	990 PDF
FY2021	$20.2M	$17.5M	$2.6M	−$10.2M	990 PDF
FY2020 Viewing	$28.0M	$23.3M	$4.6M	−$16.0M	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 M · Noncash J · Pay O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $27,950,612 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $14,220,976$22,529,011

I-9 Program service revenuePrior year $8,641,662$5,431,120

I-10 Investment incomePrior year $27,171$12,980

I-11 Other revenuePrior year $77,697−$22,499

I-12 Total revenuePrior year $22,967,506$27,950,612

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 $16,957,268$16,937,559

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $8,777,184$6,387,091

I-18 Total expensesPrior year $25,734,452$23,324,650

I-19 Revenue less expensesPrior year −$2,766,946$4,625,962

Part VI · Governance 28 of 29 board members independent, no flags

VI-1a Voting members of the governing body29

VI-1b Independent voting members28

VI-2 Family or business relationship among officers or directorsNo

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 $27,950,612 across 12 lines filed

Lines not itemized here account for $15,173 of total revenue; see the IRS return.

VIII-1c Fundraising events$555,780

VIII-1d Related organizations$3,558,565

VIII-1e Government grants$2,936,570

VIII-1f All other contributions, gifts and grants$15,478,096

VIII-1g Noncash contributions (included above)$1,239,005

VIII-1h Total contributions, gifts and grants$22,529,011

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,431,120$5,431,120

VIII-3 Investment incomeExcluded from tax $12,980$12,980

VIII-6 Net rental income or lossExcluded from tax −$60,177−$60,177

VIII-8 Net income from fundraising eventsExcluded from tax −$34,754−$34,754

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $57,259$57,259

VIII-12 Total revenueRelated to mission $5,431,120 · Unrelated business $0 · Excluded from tax −$9,519$27,950,612

Part IX · Statement of functional expenses $23,324,650 across 20 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $129,409 · Management $215,681 · Fundraising $86,272$431,362

IX-7 Other salaries and wagesPrograms $11,273,535 · Management $343,931 · Fundraising $576,040$12,193,506

IX-8 Pension plan contributionsPrograms $1,061,921 · Management $134,843$1,196,764

IX-9 Other employee benefitsPrograms $1,990,944 · Management $123,500 · Fundraising $72,677$2,187,121

IX-10 Payroll taxesPrograms $829,460 · Management $52,222 · Fundraising $47,124$928,806

IX-11b Legal feesManagement $21,283$21,283

IX-11c Accounting feesManagement $51,706$51,706

IX-11d Lobbying feesManagement $43,101$43,101

IX-11f Investment management feesManagement $15,695$15,695

IX-11g Other fees for servicesPrograms $1,937,898 · Management $358,349 · Fundraising $68,808$2,365,055

IX-12 Advertising and promotionPrograms $741,243 · Fundraising $86,422$827,665

IX-13 Office expensesPrograms $158,611 · Management $176,792 · Fundraising $5,139$340,542

IX-14 Information technologyManagement $232,091$232,091

IX-16 OccupancyPrograms $1,244,764$1,244,764

IX-17 TravelPrograms $163,595 · Management $1,739 · Fundraising $1,909$167,243

IX-20 InterestManagement $119,317$119,317

IX-22 Depreciation, depletion and amortizationPrograms $106,556$106,556

IX-23 InsurancePrograms $13,720 · Management $197,179$210,899

IX-24 Other expenses (24a–d)Programs $393,603 · Management $20,308 · Fundraising $63,531$477,442

IX-24e All other expensesPrograms $54,644 · Management $60,536 · Fundraising $48,552$163,732

IX-25 Total functional expensesPrograms $20,099,903 · Management $2,168,273 · Fundraising $1,056,474$23,324,650

Part X · Balance sheet $11,003,119 assets, 17 lines filed

X-1 Cash, non-interest-bearingStart of year $600$600

X-2 Savings and temporary cash investmentsStart of year $2,387,324$6,523,038

X-3 Pledges and grants receivableStart of year $1,595,490$1,726,099

X-4 Accounts receivableStart of year $355,255$379,677

X-9 Prepaid expenses and deferred chargesStart of year $874,705$513,948

X-10c Land, buildings and equipment, netStart of year $422,486$488,305

X-15 Other assetsStart of year $2,802,128$1,371,452

X-16 Total assetsStart of year $8,437,988$11,003,119

X-17 Accounts payable and accrued expensesStart of year $3,885,138$1,378,177

X-19 Deferred revenueStart of year $6,616,032$3,636,172

X-24 Unsecured notes and loans payableStart of year $0$3,181,757

X-25 Other liabilitiesStart of year $16,804,373$16,935,455

X-26 Total liabilitiesStart of year $29,525,543$26,981,561

X-27 Net assets without donor restrictionsStart of year −$22,686,956−$17,898,442

X-28 Net assets with donor restrictionsStart of year $1,599,401$1,920,000

X-32 Total net assets or fund balancesStart of year −$21,087,555−$15,978,442

X-33 Total liabilities and net assetsStart of year $8,437,988$11,003,119

Part XI · Reconciliation of net assets −$15,978,442 net assets at year end

XI-1 Total revenue$27,950,612

XI-2 Total expenses$23,324,650

XI-3 Revenue less expenses$4,625,962

XI-4 Net assets at start of year−$21,087,555

XI-9 Other changes in net assets$483,151

XI-10 Net assets at end of year−$15,978,442

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

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Baltimore Symphony Orchestra INC FY2020 filing

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