Miami Symphony Orchestra INC

Tax-deductible

North Miami First Floo, FL501(c)(3)Since 1989EIN 65-0165057Revenue $1.8M in FY2024

On file with the IRSthemiso.org3900 North Miami First Floor, 33127-2918 · North Miami First Floo, FLTax-exempt since May 1990Publicly supported charity — 170(b)(1)(A)(vi)

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The Miami Symphony Orchestra (miso), in its 36th season, is a cultural cornerstone of south florida. Its mission is to inspire, educate, and unite the community through world-class orchestral performances and music education that make classical music accesible to all audiences.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 22 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $97K a year · 9% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
4
named funders · $57K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.4M
×93 of total assets
Concern: liabilities are 9300% of assets; over 80%.
Pt X · Ln 26
Independent board members
15
of 18 voting members
Looks good: 15 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
+57% vs prior year
Spent
$2.0M
To programs
91%
Net assets
−$3.3M
By yearFY2020–FY2024
Revenue
$1.8M
FY2024▲ +57%
Tap a bar for its year
Revenue by fiscal year
FY2020$868K
FY2021$1.2M
FY2022$926K
FY2023$1.5M
FY2024$1.2M
FY2024$1.8M
Expenses
$2.0M
FY2024▲ +46%
Tap a bar for its year
Expenses by fiscal year
FY2020$864K
FY2021$798K
FY2022$1.5M
FY2023$1.6M
FY2024$1.4M
FY2024$2.0M
Net assets
−$3.3M
FY2024▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020−$2.7M
FY2021−$2.3M
FY2022−$2.9M
FY2023−$3.0M
FY2024−$3.2M
FY2024−$3.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1990.

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% · $1.8M Management & general 9% · $174K

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

18 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Music Director and Conductor
$0Pt VII · Sec A
Chairman Emeritus
$0Pt VII · Sec A
Vice-Chairman
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Eduardo Marturet$157,500$195,500$195,500$246,000$174,525

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 15aNo
  • Loans to or from officersSch L · Pt II3 listed

Programs and updates

Presents orchestral concerts and provides music education to the community.

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Provided by the organization

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3 programs · $1.8M · in their own filed words · FY2024
01

Beyond its mainstage season, miso extended orchestral music to the broader public throught free community concerts and through privately contracted performances. Free public presentations during the fiscal year included: the holiday lighting concert on flagler street in downtown miami, the christmas celebration at downtown doral park…

$1.6Mprogram expense
02

Miso presented its 2024-2025 mainstage subscription season at the knight concert hall of the adrienne arsht center for the performing arts, the orchestra principal performance venue. Under music director and conductor eduardo marturet, the season comprised five ticketed public orchestral concerts.

$200Kprogram expense
03

Miso continued its after-school music education program through el sistema-miso music education program jose a abreu, for which miso is the only organization officially appointed by el SISTEMA/VENEZUELA to expand the model in south florida.

Pt IX · col B

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 · FY2024
See all 4 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$1.4M
Fees for servicesLn 2g$425K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.8M
Managementcol C$174K
Owns and owesPt X
−$3.3M
net assets · Ln 32
Total assetsLn 16$37K
LiabilitiesLn 26$3.4M
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$208K
Fees for servicesLn 2g$425K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
Other assetsLn 15$37K
Total assetsLn 16$37K
LiabilitiesLn 26$3.4M
Net assetsLn 32−$3.3M
OperationsPt I, VI
EmployeesI 53
VolunteersI 622
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Total assetsLn 16$35K$37K
LiabilitiesLn 26$3.2M$3.4M
Net assetsLn 32−$3.2M−$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$62K$31K$31K
Payroll taxesLn 10$8K$4K$4K
Management feesLn 11a$75K$75K
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$17K$17K
Office expensesLn 13$74K$20K$54K
Information technologyLn 14$3K$3K
OccupancyLn 16$49K$49K
TravelLn 17$7K$7K
InterestLn 20$105K$105K
InsuranceLn 23$893$893
Other expenses (24a–d)Ln 24$1.6M$1.6M
Total functional expensesLn 25$2.0M$1.8M$174K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.2M$1.4M−$189K−$3.2M 990 PDF
FY2023 $1.5M$1.6M−$108K−$3.0M 990 PDF
FY2022 $926K$1.5M−$553K−$2.9M 990 PDF
FY2021 $1.2M$798K$363K−$2.3M 990 PDF
FY2020 $868K$864K$3K−$2.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,847,962 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $904,295$1,422,825
I-9 Program service revenuePrior year $274,857$425,137
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,179,152$1,847,962
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $244,483$69,575
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,123,594$1,931,023
I-18 Total expensesPrior year $1,368,077$2,000,598
I-19 Revenue less expensesPrior year −$188,925−$152,636
Part VI · Governance 15 of 18 board members independent, 3 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members15
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,847,962 across 6 lines filed
VIII-1e Government grants$207,826
VIII-1f All other contributions, gifts and grants$1,214,999
VIII-1h Total contributions, gifts and grants$1,422,825
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $425,137$425,137
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $425,137 · Unrelated business $0 · Excluded from tax $0$1,847,962
Part IX · Statement of functional expenses $2,000,598 across 12 lines filed
IX-7 Other salaries and wagesPrograms $30,941 · Management $30,940$61,881
IX-10 Payroll taxesPrograms $3,847 · Management $3,847$7,694
IX-11a Management feesManagement $75,000$75,000
IX-11c Accounting feesManagement $6,280$6,280
IX-12 Advertising and promotionPrograms $16,881$16,881
IX-13 Office expensesPrograms $20,236 · Management $53,642$73,878
IX-14 Information technologyManagement $3,046$3,046
IX-16 OccupancyPrograms $48,665$48,665
IX-17 TravelPrograms $7,413$7,413
IX-20 InterestPrograms $105,421$105,421
IX-23 InsuranceManagement $893$893
IX-24 Other expenses (24a–d)Programs $1,593,546$1,593,546
IX-25 Total functional expensesPrograms $1,826,950 · Management $173,648 · Fundraising $0$2,000,598
Part X · Balance sheet $36,883 assets, 7 lines filed
Asset lines not itemized here account for $182; see the IRS return.
X-15 Other assetsStart of year $34,701$36,701
X-16 Total assetsStart of year $34,883$36,883
X-17 Accounts payable and accrued expensesStart of year $282,549$688,873
X-25 Other liabilitiesStart of year $1,121,386$670,050
X-26 Total liabilitiesStart of year $3,226,349$3,380,985
X-32 Total net assets or fund balancesStart of year −$3,191,466−$3,344,102
X-33 Total liabilities and net assetsStart of year $34,883$36,883
Part XI · Reconciliation of net assets −$3,344,102 net assets at year end
XI-1 Total revenue$1,847,962
XI-2 Total expenses$2,000,598
XI-3 Revenue less expenses−$152,636
XI-4 Net assets at start of year−$3,191,466
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$3,344,102

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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