Oregon Symphony Association FY2022 filing

Tax-deductible

Portland, OR501(c)(3)Since 1896Arts & CultureEIN 93-0446527

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The Oregon Symphony is dedicated to moving music forward. Our vision is bold and adventurous: to inspire audiences with exhilarating performances, present the best musicians in a wide range of styles, explore new art forms, shine light on contemporary issues and build a stronger community.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$1.4M 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

FY2022 · 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
3 of 5
filings with a surplus
Average deficit $179K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.4M
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
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
17
named funders · $2.8M
Looks good: 17 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4.5M
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
37
of 41 voting members
Looks good: 37 of 41 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$26.2M
+90% vs prior year
Spent
$20.9M
To programs
87%
Net assets
$23.9M
By yearFY2020–FY2024
Revenue
$26.2M
FY2022▲ +90%
Revenue by fiscal year
FY2020$13.5M
FY2021$13.8M
FY2022$26.2M
FY2023$16.9M
FY2024$26.3M
FY2024$19.4M
Expenses
$20.9M
FY2022▲ +82%
Expenses by fiscal year
FY2020$20.3M
FY2021$11.5M
FY2022$20.9M
FY2023$21.9M
FY2024$23.0M
FY2024$25.7M
Net assets
$23.9M
FY2022▲ +13%
Net assets by fiscal year
FY2020$15.4M
FY2021$21.1M
FY2022$23.9M
FY2023$20.2M
FY2024$24.8M
FY2024$20.0M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1954.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $18.3M Management & general 6% · $1.2M Fundraising 7% · $1.5M

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

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

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President/CEO
$370,712Pt VII · Sec A
VP Marketing & Strategic Engagement
$155,717Pt VII · Sec A
VP Development
$131,386Pt VII · Sec A
Music Director
$118,876Pt VII · Sec A
Cfoo (former)
$118,018Pt VII · Sec A
$113,196Pt VII · Sec A
VP Artistic Planning
$113,023Pt VII · Sec A
Concertmaster
$105,152Pt VII · Sec A

Isaac Thompson’s $407K as President/CEO is at the 65th 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Scott Showalter—$424,042$403,020$370,712$279,988$369,432
Isaac Thompson$407,009$139,564————
David Danzmayr$328,610$306,750$273,614$118,876——
Sarah Kwak$199,867$201,662$183,176$105,152$123,649$188,661
Russell Kelban—$176,996$167,348$155,717$129,555—
Ellen Bussing—————$166,550
Janet Plummer———$118,018$152,016$160,478
Hilary Blakemore$142,677$155,343$140,149$131,386$123,224$118,358

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 Oregon Symphony Association 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Performs diverse orchestral concerts, ranging from classical music to film scores and pop, to inspire audiences and connect communities across Oregon.

Provided by the organization

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3 programs · $18.3M · in their own filed words · FY2021
01

The 21/22 season marked a joyful return to live performance, coinciding with a celebration of our landmark 125TH anniversary. We are moving music forward with our investment in new music and emerging artists, while also experimenting with different concert formats and delivery methods for sharing music digitally.

$18.3Mprogram expense
02

Innovating artisticallythroughout 21/22, we navigated many covid-related production challenges to bring full seasons to the stage in portland and salem. Ongoing challenges included international travel restrictions, finding substitute musicians in response to positive covid tests, and repertoire changes that required additional…

Pt IX · col B
03

Investing in communitythe health, safety, and wellbeing of our community remained our top priority as we shared music with children and adults from all backgrounds. We were able in some cases to return to in-person work, while pivoting some education programs to digital formats.

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 · received and paid
Grants received · FY2024
See all 17 funders →
Grants paid · 7 grants · $3.0M · 2019–2024
Fear No MusicOR · FY2023$10,000
Outside the FrameOR · FY2022$10,000
Portland 5 Center for the ArtsFY2020$2,000,000
Portland 5 Center for the ArtsFY2019$1,000,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$26.2M
Ln 12
Gifts and grantsLn 1h$16.7M
Fees for servicesLn 2g$9.1M
Investment incomeLn 3$476K
Money outPt IX
$20.9M
Ln 25
Programscol B$18.3M
Managementcol C$1.2M
Fundraisingcol D$1.5M
Owns and owesPt X
$23.9M
net assets · Ln 32
Cash and savingsLn 1–2$3.6M
Total assetsLn 16$28.4M
LiabilitiesLn 26$4.5M
PeoplePt VI, VII
49
listed · VII A
PaidVII A12
Voting boardVI 1a41
IndependentVI 1b37
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16.7M
Government grantsLn 1e$8.2M
Noncash giftsLn 1g$86K
Fundraising eventsLn 1c$1.4M
Fees for servicesLn 2g$9.1M
Investment incomeLn 3$476K
Gains on assetsLn 7$281K
Total revenueLn 12$26.2M
Assets in detailPt X, end of year
CashLn 1$3.6M
Cash and savings togetherLn 1–2$3.6M
InvestmentsLn 11–13$20.0M
Land, buildings, equipmentLn 10c$870K
Total assetsLn 16$28.4M
LiabilitiesLn 26$4.5M
Net assetsLn 32$23.9M
OperationsPt I, VI
EmployeesI 5345
VolunteersI 697
Fiscal year endsHeaderJune
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 FY22End FY22
Cash and savingsLn 1–2$6.2M$3.6M
InvestmentsLn 11–13$19.0M$20.0M
Land, buildings, equipmentLn 10c$719K$870K
Total assetsLn 16$27.7M$28.4M
LiabilitiesLn 26$6.6M$4.5M
Net assetsLn 32$21.1M$23.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K$10K
Pay of current officers, directors and key staffLn 5$812K$707K$54K$51K
Other salaries and wagesLn 7$8.7M$7.4M$663K$567K
Pension plan contributionsLn 8$388K$342K$22K$25K
Other employee benefitsLn 9$1.7M$1.6M$47K$78K
Payroll taxesLn 10$996K$887K$46K$64K
Legal feesLn 11b$480$480
Accounting feesLn 11c$23K$23K
Investment management feesLn 11f$68K$68K
Other fees for servicesLn 11g$742K$663K$30K$49K
Advertising and promotionLn 12$747K$714K$2K$31K
Office expensesLn 13$860K$549K$48K$263K
OccupancyLn 16$921K$819K$36K$65K
TravelLn 17$102K$29K$12K$62K
Depreciation, depletion and amortizationLn 22$133K$53K$40K$40K
InsuranceLn 23$24K$24K
Other expenses (24a–d)Ln 24$4.5M$4.4M$12K$98K
All other expensesLn 24e$282K$146K$71K$65K
Total functional expensesLn 25$20.9M$18.3M$1.2M$1.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $26.3M$23.0M$3.3M$24.8M 990 PDF
FY2023 $16.9M$21.9M−$5.0M$20.2M 990 PDF
FY2022 Viewing $26.2M$20.9M$5.2M$23.9M 990 PDF
FY2021 $13.8M$11.5M$2.3M$21.1M 990 PDF
FY2020 $13.5M$20.3M−$6.8M$15.4M 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $26,183,954 across 11 lines filed
VIII-1c Fundraising events$1,435,864
VIII-1e Government grants$8,164,962
VIII-1f All other contributions, gifts and grants$7,070,168
VIII-1g Noncash contributions (included above)$85,746
VIII-1h Total contributions, gifts and grants$16,670,994
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,057,332$9,057,332
VIII-3 Investment incomeExcluded from tax $195,016$195,016
VIII-7 Net gain or loss on sales of assetsExcluded from tax $281,032$281,032
VIII-8 Net income from fundraising eventsExcluded from tax −$74,285−$74,285
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $53,865$53,865
VIII-12 Total revenueRelated to mission $9,057,332 · Unrelated business $0 · Excluded from tax $455,628$26,183,954
Part IX · Statement of functional expenses $20,940,068 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $10,000$10,000
IX-5 Pay of current officers, directors and key staffPrograms $707,008 · Management $53,809 · Fundraising $50,717$811,534
IX-7 Other salaries and wagesPrograms $7,427,290 · Management $663,213 · Fundraising $566,911$8,657,414
IX-8 Pension plan contributionsPrograms $341,794 · Management $21,528 · Fundraising $24,526$387,848
IX-9 Other employee benefitsPrograms $1,566,315 · Management $46,981 · Fundraising $78,273$1,691,569
IX-10 Payroll taxesPrograms $886,670 · Management $46,267 · Fundraising $63,561$996,498
IX-11b Legal feesManagement $480$480
IX-11c Accounting feesManagement $22,965$22,965
IX-11f Investment management feesManagement $67,653$67,653
IX-11g Other fees for servicesPrograms $662,765 · Management $30,008 · Fundraising $49,029$741,802
IX-12 Advertising and promotionPrograms $714,200 · Management $1,878 · Fundraising $30,970$747,048
IX-13 Office expensesPrograms $548,515 · Management $47,924 · Fundraising $263,342$859,781
IX-16 OccupancyPrograms $819,230 · Management $36,150 · Fundraising $65,216$920,596
IX-17 TravelPrograms $28,950 · Management $11,667 · Fundraising $61,804$102,421
IX-22 Depreciation, depletion and amortizationPrograms $53,082 · Management $39,812 · Fundraising $39,812$132,706
IX-23 InsuranceManagement $24,442$24,442
IX-24 Other expenses (24a–d)Programs $4,373,512 · Management $11,837 · Fundraising $98,183$4,483,532
IX-24e All other expensesPrograms $145,525 · Management $71,477 · Fundraising $64,777$281,779
IX-25 Total functional expensesPrograms $18,284,856 · Management $1,198,091 · Fundraising $1,457,121$20,940,068
Part X · Balance sheet $28,423,833 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $6,231,149$3,592,245
X-3 Pledges and grants receivableStart of year $1,144,324$2,036,846
X-4 Accounts receivableStart of year $203,028$1,538,014
X-9 Prepaid expenses and deferred chargesStart of year $458,726$399,201
X-10c Land, buildings and equipment, netStart of year $719,050$869,794
X-11 Publicly traded securitiesStart of year $17,989,741$19,048,770
X-12 Other securitiesStart of year $994,533$938,963
X-16 Total assetsStart of year $27,740,551$28,423,833
X-17 Accounts payable and accrued expensesStart of year $625,776$915,694
X-19 Deferred revenueStart of year $4,000,398$3,587,254
X-25 Other liabilitiesStart of year $12,432$11,804
X-26 Total liabilitiesStart of year $6,635,404$4,514,752
X-27 Net assets without donor restrictionsStart of year $5,399,972$9,187,787
X-28 Net assets with donor restrictionsStart of year $15,705,175$14,721,294
X-32 Total net assets or fund balancesStart of year $21,105,147$23,909,081
X-33 Total liabilities and net assetsStart of year $27,740,551$28,423,833
Part XI · Reconciliation of net assets $23,909,081 net assets at year end
XI-1 Total revenue$26,183,954
XI-2 Total expenses$20,940,068
XI-3 Revenue less expenses$5,243,886
XI-4 Net assets at start of year$21,105,147
XI-5 Net unrealized gains (losses) on investments−$2,439,952
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$23,909,081

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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