Civic Intelligence

Bangor Symphony Orchestra

EIN 01-0024645 • 501(c)3 • Bangor, ME

Pub. 78 Eligible

Profile

The bangor symphony orchestra provides powerful, enriching and diverse musical experiences through live concert performances and education programs of the highest quality.

PO Box 1441Bangor, ME 04402-1441

www.bangorsymphony.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

46th percentile

0.04x

Higher debt load relative to assets than 46% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

64th percentile

0.17x

Higher debt load relative to revenue than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

57th percentile

7.8%

Higher net margin than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

61st percentile

$86,000

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

59th percentile

7.0%

Faster asset growth than 59% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

27th percentile

-6.1%

Faster revenue growth than 27% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$4,408,529

Up $289,448 (+7.0%) from 2024

Liabilities

Up

$196,691

Up $48,831 (+33%) from 2024

Net Assets

Up

$4,211,838

Up $240,617 (+6.1%) from 2024

Revenue

Down

$1,170,836

Down $76,517 (-6.1%) from 2024

Expenses

Up

$1,079,566

Up $24,740 (+2.3%) from 2024

Net Income

Down

$91,270

Down $101,257 (-53%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $1,234,108Liabilities 2010: $379,191Net Assets 2010: $854,9172010Assets 2011: $1,436,812Liabilities 2011: $277,885Net Assets 2011: $1,158,9272011Assets 2012: $1,385,057Liabilities 2012: $200,667Net Assets 2012: $1,184,3902012Assets 2013: $1,525,747Liabilities 2013: $129,217Net Assets 2013: $1,396,5302013Assets 2014: $1,821,821Liabilities 2014: $63,554Net Assets 2014: $1,758,2672014Assets 2015: $1,947,235Liabilities 2015: $73,727Net Assets 2015: $1,873,5082015Assets 2016: $1,863,829Liabilities 2016: $61,321Net Assets 2016: $1,802,5082016Assets 2017: $2,139,034Liabilities 2017: $74,434Net Assets 2017: $2,064,6002017Assets 2018: $2,283,338Liabilities 2018: $49,470Net Assets 2018: $2,233,8682018Assets 2019: $2,526,189Liabilities 2019: $90,794Net Assets 2019: $2,435,3952019Assets 2020: $2,903,140Liabilities 2020: $86,345Net Assets 2020: $2,816,7952020Assets 2021: $3,668,004Liabilities 2021: $43,424Net Assets 2021: $3,624,5802021Assets 2022: $3,375,248Liabilities 2022: $36,609Net Assets 2022: $3,338,6392022Assets 2023: $3,546,551Liabilities 2023: $61,813Net Assets 2023: $3,484,7382023Assets 2024: $4,119,081Liabilities 2024: $147,860Net Assets 2024: $3,971,2212024Assets 2025: $4,408,529Liabilities 2025: $196,691Net Assets 2025: $4,211,8382025

Highlighted filing

2025

Assets$4,408,529
Liabilities$196,691
Net Assets$4,211,838

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $457,5312010Revenue 2011: $645,117Expenses 2011: $522,757Net Income 2011: $122,3602011Expenses 2012: $588,2312012Revenue 2013: $682,959Expenses 2013: $594,196Net Income 2013: $88,7632013Revenue 2014: $1,016,119Expenses 2014: $633,516Net Income 2014: $382,6032014Revenue 2015: $1,032,510Expenses 2015: $707,533Net Income 2015: $324,9772015Revenue 2016: $667,618Expenses 2016: $740,059Net Income 2016: -$72,4412016Revenue 2017: $935,915Expenses 2017: $810,315Net Income 2017: $125,6002017Revenue 2018: $941,058Expenses 2018: $846,299Net Income 2018: $94,7592018Revenue 2019: $1,049,391Expenses 2019: $872,504Net Income 2019: $176,8872019Revenue 2020: $1,084,597Expenses 2020: $666,508Net Income 2020: $418,0892020Revenue 2021: $928,953Expenses 2021: $595,174Net Income 2021: $333,7792021Revenue 2022: $1,063,559Expenses 2022: $844,905Net Income 2022: $218,6542022Revenue 2023: $866,598Expenses 2023: $1,004,403Net Income 2023: -$137,8052023Revenue 2024: $1,247,353Expenses 2024: $1,054,826Net Income 2024: $192,5272024Revenue 2025: $1,170,836Expenses 2025: $1,079,566Net Income 2025: $91,2702025

Highlighted filing

2025

Revenue$1,170,836
Expenses$1,079,566
Net Income$91,270

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.41$0.20$4.21$1.17$1.08$0.09
2024Detailed filing. Detailed filing data is available for this year.$4.12$0.15$3.97$1.25$1.05$0.19
2023Detailed filing. Detailed filing data is available for this year.$3.55$0.06$3.48$0.87$1.00$0.14
2022Detailed filing. Detailed filing data is available for this year.$3.38$0.04$3.34$1.06$0.84$0.22
2021Detailed filing. Detailed filing data is available for this year.$3.67$0.04$3.62$0.93$0.60$0.33
2020Detailed filing. Detailed filing data is available for this year.$2.90$0.09$2.82$1.08$0.67$0.42
2019Detailed filing. Detailed filing data is available for this year.$2.53$0.09$2.44$1.05$0.87$0.18
2018Detailed filing. Detailed filing data is available for this year.$2.28$0.05$2.23$0.94$0.85$0.09
2017Detailed filing. Detailed filing data is available for this year.$2.14$0.07$2.06$0.94$0.81$0.13
2016Detailed filing. Detailed filing data is available for this year.$1.86$0.06$1.80$0.67$0.74$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.95$0.07$1.87$1.03$0.71$0.32
2014Detailed filing. Detailed filing data is available for this year.$1.82$0.06$1.76$1.02$0.63$0.38
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.13$1.40$0.68$0.59$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.20$1.18$0.59
2011Summary only. Only limited summary data is available for this year.$1.44$0.28$1.16$0.65$0.52$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.38$0.85$0.46
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 1, 2026
Return Version
2024v5.5
Gross Receipts
$2,115,516
Mission and Program Overview

Mission

The bangor symphony orchestra provides powerful, enriching and diverse musical experiences through live concert performances and education programs of the highest quality.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,671,276$3,820,619▲ $149,343
Cash and Non-Interest-Bearing Accounts$310,447$485,557▲ $175,110
Pledges and Grants Receivable$63,473$62,534▼ $939
Investments Other Securities$17,698$17,698→ $0
Prepaid Expenses and Deferred Charges$20,424$11,911▼ $8,513
Land, Buildings, and Equipment, Net$35,763$10,210▼ $25,553
Total Assets$4,119,081$4,408,529▲ $289,448
Liabilities
Deferred Revenue$118,222$185,146▲ $66,924
Accounts Payable and Accrued Expenses$29,638$11,545▼ $18,093
Total Liabilities$147,860$196,691▲ $48,831
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,571,120$3,734,684▲ $163,564
Net Assets Without Donor Restrictions$400,101$477,154▲ $77,053
Total Net Assets Fund Balance$3,971,221$4,211,838▲ $240,617
Total Liabilities and Net Assets / Fund Balance$4,119,081$4,408,529▲ $289,448

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$10,210$30,877$41,087

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$3,671,276$69,520▲ $246,545$166,722$3,820,619
2023$3,199,259$297,350▲ $322,207$147,540$3,671,276
2022$2,929,629$121,960▲ $147,670-$3,199,259
2021$3,205,261$217,446▼ $493,078-$2,929,629
2020$2,455,077$124,923▲ $625,261-$3,205,261
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Renia ShterenbergExecutive DirectorFT$86,000$86,000

Board Members and Trustees

NameTitle
Matthew DunlapPresident
Greg LafrancoisVice President
Berney KubetzDirector
Chung ShumDirector
Justin FournierDirector
Kelly ScheetzDirector
Kenya HopkinsDirector
Kirsten IsmailDirector
Larrance FingerhutDirector
Nathan LesserDirector
Richard SturgeonDirector
Sarah SmileyDirector
Thomas SchwartzDirector
Tim MoriartyDirector
Wren SaundersDirector
Kay RandSecretary
Jennifer EastmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$506,050
Program Service Revenue
$446,411
Investment Income
$104,072
Other Revenue
$114,303
All Other Contributions
$506,050
Change in Net Assets
$91,270

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded11$166,157Fair Market Value (FMV) at Date of Donation
Total Noncash Contributions11$166,157-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,179,278
Revenue Not Reported on Financial Statements
$-8,442
Revenue Not Reported on Form 990
$236,445
Other Revenue Adjustments
$-25,553
Total Revenue per Audited Statements
$1,415,723
Total Revenue per Form 990
$1,170,836
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$752,436
Salaries, Compensation, and Employee Benefits$327,130
Total Fundraising Expense$130,054
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$104,880$13,258$67,981$186,119
All Other Expenses$121,903$13,144$6,849$141,896
Occupancy$67,969$12,339$6,253$86,561
Current Officers, Directors, Trustees, and Key Employees$8,600$55,900$21,500$86,000
Other Expenses$44,784--$44,784
Travel$37,494--$37,494
Other Employee Benefits$11,988$10,080$11,890$33,958
Office Expenses$2,639$18,669$8,670$29,978
Payroll Taxes$9,089$5,296$6,668$21,053
Advertising$20,272--$20,272
Fees for Services Other-$19,256-$19,256
Fees for Service Investment Mgmnt Fees-$17,111-$17,111
Insurance$4,391$3,492-$7,883
Depreciation Depletion$1,771$761$243$2,775
Fees for Services Legal-$1,967-$1,967
Total Functional Expenses$778,239$171,273$130,054$1,079,566

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,175,916
Expenses per Audited Statements$1,088,008
Total Expenses per Form 990$1,079,566
Expenses Not Reported on Form 990$87,908
Expenses Not Reported on Financial Statements$-8,442
Other Expense Adjustments$-25,553
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$153,599
Fundraising Direct Expenses$39,296
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Soiree and Other Activities$153,599$153,599$39,296$114,303
Total Events$153,599$153,599$39,296$114,303
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 is made available for board members to review before filing.

Form 990, Part VI, Section B, Line 12C

We collect annually a member profile and disclosure form. If a conflict appears based on the disclosure, it would be addressed by the executive director and board president.

Form 990, Part VI, Section B, Line 15

The organization's music director was offered a three year contract with compensation determined by a committee of the board of directors, which considered comparability data for symphony orchestras of similar budget size. The compensation is also determined by the board based on performance, qualifications, and comparable pay as researched through the maine association of nonprofits and league or american orchestras. All other employee pay is determined by the executive director based on performance qualifications, and comparable pay as researched through the maine association of non profits and league of american orchestras.

Form 990, Part VI, Section C, Line 19

Documents are available to the public upon request at the organization's administrative office in bangor, maine, or via us mail or electronic mail.

Filing and Contact Details

Filer

Filer Name
Bangor Symphony Orchestra
EIN
01-0024645
Phone
2079425555
Address
PO BOX 1441, BANGOR, ME 04402-1441

Signing Officer

Name
Jennifer Eastman
Title
Treasurer
Phone
2079425555
Signed
2026-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Eastman
Formed
1896
Legal Domicile
Me
Voting Board Members
17
Independent Board Members
17
Employees
8
Volunteers
0

Preparer

Firm
Haverlock Estey & Curran LLC
Address
8 COMMERCE COURT, HAMPDEN, ME 04444-1538
Preparer
Danielle a Gagnon
Phone
2079455695
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Musician lodging and meals: program service expenses 37,170. Management and general expenses 0. Fundraising expenses 0. Total expenses 37,170. Miscellaneous: program service expenses 11,483. Management and general expenses 8,007. Fundraising expenses 0. Total expenses 19,490. Credit card fees: program service expenses 12,060. Management and general expenses 0. Fundraising expenses 6,849. Total expenses 18,909. Conductors: program service expenses 14,330. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,330. Orchestra manager: program service expenses 12,056. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,056. Tickets: program service expenses 12,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,000. Downtown programming: program service expenses 11,370. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,370. Music costs: program service expenses 7,639. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,639. Repairs and maintenance: program service expenses 0. Management and general expenses 5,022. Fundraising expenses 0. Total expenses 5,022. Awards and scholarships: program service expenses 2,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,000. Instrument costs: program service expenses 1,795. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,795. Professional development: program service expenses 0. Management and general expenses 115. Fundraising expenses 0. Total expenses 115.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising event expense

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Loss on disposal of improvements

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising event expenses

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Loss on disposal of improvements

Schedule D, Page 2, Part V, Line 4

Unless they are specifically restricted, investment earnings, including dividends, interest, and gains or losses, are considered to be available for the organization's general purposes.

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IRS990/ActivityOrMissionDesc0THE BANGOR SYMPHONY ORCHESTRA PROVIDES POWERFUL, ENRICHING AND DIVERSE MUSICAL EXPERIENCES THROUGH LIVE CONCERT PERFORMANCES AND EDUCATION PROGRAMS OF THE HIGHEST QUALITY.
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IRS990/Form990PartVIISectionAGrp/PersonNm14BERNEY KUBETZ
IRS990/Form990PartVIISectionAGrp/PersonNm15RICHARD STURGEON
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IRS990/Form990PartVIISectionAGrp/PersonNm17RENIA SHTERENBERG
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXECUTIVE DIRECTOR
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IRS990/MissionDesc0THE BANGOR SYMPHONY ORCHESTRA PROVIDES POWERFUL, ENRICHING AND DIVERSE MUSICAL EXPERIENCES THROUGH LIVE CONCERT PERFORMANCES AND EDUCATION PROGRAMS OF THE HIGHEST QUALITY.
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IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATION - THROUGH THE BANGOR SYMPHONY YOUTH ORCHESTRAS AND VARIOUS OUTREACH PROGRAMS. THE BSO PROVIDES ACCESSIBLE EDUCATIONAL OPPORTUNITIES TO YOUTH IN THE REGION.
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