Civic Intelligence

Music Worcester Inc

EIN 04-2171207 • 501(c)3 • Worcester, MA

Profile

To enrich the cultural life of central massachusetts and surrounding geographic areas by providing access to affordable concerts, recitals, music festivals and performances of emerging and established artists and groups, in collaboration with educational and other business organizations, thereby enhancing the appreciation for music of the highest quality.

319 Main StreetWorcester, MA 01608

www.musicworcester.org

Siviq Scores

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

Liabilities / Assets

15th percentile

0.01x

Higher debt load relative to assets than 15% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

24th percentile

0.07x

Higher debt load relative to revenue than 24% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

66th percentile

13%

Higher net margin than 66% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

51st percentile

$164,692

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 8.3% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

69th percentile

12%

Faster asset growth than 69% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-27%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$14,284,460

Up $1,498,677 (+12%) from 2023

Liabilities

Down

$134,028

Down $38,087 (-22%) from 2023

Net Assets

Up

$14,150,432

Up $1,536,764 (+12%) from 2023

Revenue

Down

$1,991,548

Down $734,780 (-27%) from 2023

Expenses

Down

$1,725,653

Down $27,142 (-1.5%) from 2023

Net Income

Down

$265,895

Down $707,638 (-73%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $2,070,590Liabilities 2010: $49,450Net Assets 2010: $2,021,1402010Assets 2011: $2,445,668Liabilities 2011: $59,426Net Assets 2011: $2,386,2422011Assets 2012: $2,374,785Liabilities 2012: $70,391Net Assets 2012: $2,304,3942012Assets 2013: $2,686,934Liabilities 2013: $89,200Net Assets 2013: $2,597,7342013Assets 2014: $3,308,517Liabilities 2014: $71,928Net Assets 2014: $3,236,5892014Assets 2015: $3,412,822Liabilities 2015: $106,006Net Assets 2015: $3,306,8162015Assets 2016: $3,447,092Liabilities 2016: $116,621Net Assets 2016: $3,330,4712016Assets 2017: $4,020,096Liabilities 2017: $142,809Net Assets 2017: $3,877,2872017Assets 2018: $4,532,143Liabilities 2018: $57,620Net Assets 2018: $4,474,5232018Assets 2019: $6,058,456Liabilities 2019: $83,068Net Assets 2019: $5,975,3882019Assets 2020: $6,391,261Liabilities 2020: $162,931Net Assets 2020: $6,228,3302020Assets 2021: $8,446,755Liabilities 2021: $537,191Net Assets 2021: $7,909,5642021Assets 2022: $11,019,858Liabilities 2022: $142,750Net Assets 2022: $10,877,1082022Assets 2023: $12,785,783Liabilities 2023: $172,115Net Assets 2023: $12,613,6682023Assets 2024: $14,284,460Liabilities 2024: $134,028Net Assets 2024: $14,150,4322024

Highlighted filing

2024

Assets$14,284,460
Liabilities$134,028
Net Assets$14,150,432

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2010: $1,071,9672010Expenses 2011: $711,2022011Expenses 2012: $767,2282012Revenue 2013: $984,927Expenses 2013: $832,254Net Income 2013: $152,6732013Revenue 2014: $1,233,564Expenses 2014: $838,286Net Income 2014: $395,2782014Revenue 2015: $956,215Expenses 2015: $859,436Net Income 2015: $96,7792015Revenue 2016: $1,048,107Expenses 2016: $940,119Net Income 2016: $107,9882016Revenue 2017: $1,295,501Expenses 2017: $996,190Net Income 2017: $299,3112017Revenue 2018: $1,554,700Expenses 2018: $1,101,757Net Income 2018: $452,9432018Revenue 2019: $3,038,621Expenses 2019: $1,667,169Net Income 2019: $1,371,4522019Revenue 2020: $1,367,436Expenses 2020: $1,009,999Net Income 2020: $357,4372020Revenue 2021: $1,328,260Expenses 2021: $713,675Net Income 2021: $614,5852021Revenue 2022: $5,579,210Expenses 2022: $1,387,557Net Income 2022: $4,191,6532022Revenue 2023: $2,726,328Expenses 2023: $1,752,795Net Income 2023: $973,5332023Revenue 2024: $1,991,548Expenses 2024: $1,725,653Net Income 2024: $265,8952024

Highlighted filing

2024

Revenue$1,991,548
Expenses$1,725,653
Net Income$265,895

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.3$0.13$14.2$1.99$1.73$0.27
2023Detailed filing. Detailed filing data is available for this year.$12.8$0.17$12.6$2.73$1.75$0.97
2022Detailed filing. Detailed filing data is available for this year.$11.0$0.14$10.9$5.58$1.39$4.19
2021Detailed filing. Detailed filing data is available for this year.$8.45$0.54$7.91$1.33$0.71$0.61
2020Detailed filing. Detailed filing data is available for this year.$6.39$0.16$6.23$1.37$1.01$0.36
2019Detailed filing. Detailed filing data is available for this year.$6.06$0.08$5.98$3.04$1.67$1.37
2018Detailed filing. Detailed filing data is available for this year.$4.53$0.06$4.47$1.55$1.10$0.45
2017Detailed filing. Detailed filing data is available for this year.$4.02$0.14$3.88$1.30$1.00$0.30
2016Detailed filing. Detailed filing data is available for this year.$3.45$0.12$3.33$1.05$0.94$0.11
2015Detailed filing. Detailed filing data is available for this year.$3.41$0.11$3.31$0.96$0.86$0.10
2014Detailed filing. Detailed filing data is available for this year.$3.31$0.07$3.24$1.23$0.84$0.40
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.69$0.09$2.60$0.98$0.83$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.37$0.07$2.30$0.77
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.45$0.06$2.39$0.71
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$0.05$2.02$1.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 29, 2025
Return Version
2023v6.0
Gross Receipts
$4,609,685
Mission and Program Overview

Mission

Music worcester brings inspiring and varied musical experiences to expanding audiences through concerts, performances and educational programs.

ENRICH CULTURAL LIFE

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$10,214,495$12,531,669▲ $2,317,174
Cash and Non-Interest-Bearing Accounts$912,472$1,089,708▲ $177,236
Pledges and Grants Receivable$1,616,046$589,775▼ $1,026,271
Prepaid Expenses and Deferred Charges$35,936$61,058▲ $25,122
Accounts Receivable$5,580$11,750▲ $6,170
Land, Buildings, and Equipment, Net$754$0▼ $754
Total Assets$12,785,783$14,284,460▲ $1,498,677
Other Assets Total$500$500→ $0
Liabilities
Accounts Payable and Accrued Expenses$69,490$71,920▲ $2,430
Other Liabilities$102,625$62,108▼ $40,517
Total Liabilities$172,115$134,028▼ $38,087
Net Assets / Fund Balance
Net Assets With Donor Restrictions$9,974,493$11,173,579▲ $1,199,086
Net Assets Without Donor Restrictions$2,639,175$2,976,853▲ $337,678
Total Net Assets Fund Balance$12,613,668$14,150,432▲ $1,536,764
Total Liabilities and Net Assets / Fund Balance$12,785,783$14,284,460▲ $1,498,677

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$76,865$76,865
Other Securities$6,036,384--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$9,974,493$143,843▲ $964,706$0$11,083,042
2022$8,304,142$1,096,656▲ $573,695-$9,974,493
2021$6,090,306$3,486,377▼ $800,173$472,368$8,304,142
2020$5,151,011$17,033▲ $933,169$10,907$6,090,306
2019$5,269,646$38,455▼ $88,875$68,215$5,151,011
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Adrien C FinlayExecutive DirectorFT$164,692$164,692

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,201,324
Program Service Revenue
$614,555
Investment Income
$175,669
Other Revenue
$0
All Other Contributions
$1,182,741
Change in Net Assets
$265,895

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,991,548
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,270,869
Total Revenue per Audited Statements
$3,262,417
Total Revenue per Form 990
$1,991,548
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,156,981
Salaries, Compensation, and Employee Benefits$568,672
Total Fundraising Expense$199,947
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$308,223$93,806$145,273$547,302
Advertising$131,370$2,297-$133,667
All Other Expenses$74,957$6,201$40,944$122,102
Fees for Services Accounting-$80,000-$80,000
Other Expenses$8,468$13,675$5,000$27,143
Pension Plan Contributions$10,685$4,274$6,411$21,370
Occupancy-$17,942-$17,942
Fees for Services Other-$12,000-$12,000
Office Expenses$3,866$1,546$2,319$7,731
Insurance-$4,063-$4,063
Depreciation Depletion-$754-$754
Total Functional Expenses$1,289,148$236,558$199,947$1,725,653

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,725,653
Total Expenses per Audited Statements$1,725,653
Total Expenses per Form 990$1,725,653
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Income/advance Ticket Sales$62,108
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
No
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

A draft form 990 is made available to the board members for approval before filing.

Form 990, Part VI, Section B, Line 15

Executive committee annually reviews and approves the executive director's compensation.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are available for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
Music Worcester Inc
EIN
04-2171207
Phone
5087543231
Address
319 MAIN STREET, WORCESTER, MA 01608

Signing Officer

Name
Gabriel Cain
Title
Treasurer
Phone
5087543231
Signed
2025-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gabriel Cain
Formed
1879
Legal Domicile
Ma
Voting Board Members
25
Independent Board Members
25
Employees
11
Volunteers
0

Preparer

Firm
Miller Wachman Llp
Address
100 CAMBRIDGE STREET 13TH FLOOR, BOSTON, MA 02114-2548
Preparer
Robin a Katzman CPA
Phone
6173386800
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The organization has identified its tax status as a tax-exempt entity as a tax position; however, the organization has determined that such a tax position does not result in an uncertainty requiring recognition. The organization is not currently under examination by any taxing jurisdiction. The organization's federal and state tax returns are generally open for examination for three years following the date filed.

PART V, LINE 4:

The organization has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the purchasing power of the endowment assets.

PART X, LINE 2:

The organization accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The organization has identified its tax status as a tax-exempt entity as a tax position; however, the organization has determined that such a tax position does not result in an uncertainty requiring recognition. The organization is not currently under examination by any taxing jurisdiction. The organization's federal and state tax returns are generally open for examination for three years following the date filed.

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IRS990/Form990PartVIISectionAGrp/PersonNm10JEFFREY LEVINE
IRS990/Form990PartVIISectionAGrp/PersonNm11PATRICIA VERDERESE
IRS990/Form990PartVIISectionAGrp/PersonNm12KENNETH D PRINCE
IRS990/Form990PartVIISectionAGrp/PersonNm13ALDO GARCIA GUEVARA
IRS990/Form990PartVIISectionAGrp/PersonNm14ALVIN GOMEZ
IRS990/Form990PartVIISectionAGrp/PersonNm15CYNTHIA PITCHER
IRS990/Form990PartVIISectionAGrp/PersonNm16BONNIE JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm17MARY FLETCHER
IRS990/Form990PartVIISectionAGrp/PersonNm18KATHLEEN ROONEY
IRS990/Form990PartVIISectionAGrp/PersonNm19WAKANA SUZUKI
IRS990/Form990PartVIISectionAGrp/PersonNm20KIRK A CARTER
IRS990/Form990PartVIISectionAGrp/PersonNm21ROBERT SORRENTI
IRS990/Form990PartVIISectionAGrp/PersonNm22VIRGINIA VAUGHAN
IRS990/Form990PartVIISectionAGrp/PersonNm23KAREN-LOUISE WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm24MARGARET WONG
IRS990/Form990PartVIISectionAGrp/PersonNm25MEREDITH LORD
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IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4CLERK
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/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21IMMEDIATE PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01182741

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