Civic Intelligence

Annapolis Symphony Orchestra Inc

EIN 23-7001357 • 501(c)3 • Annapolis, MD

Profile

The mission of the annapolis symphony orchestra is to inspire, educate and enrich lives near and far by creating extraordinary musical experiences with uncompromising artistic excellence.

801 Chase StreetAnnapolis, MD 21401

www.annapolissymphony.org

Siviq Scores

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

Liabilities / Assets

37th percentile

0.05x

Higher debt load relative to assets than 37% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

34th percentile

0.07x

Higher debt load relative to revenue than 34% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

94th percentile

70%

Higher net margin than 94% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

97th percentile

138%

Faster asset growth than 97% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

94th percentile

121%

Faster revenue growth than 94% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$8,699,982

Up $2,852,072 (+49%) from 2024

Liabilities

Down

$231,849

Down $15,407 (-6.2%) from 2024

Net Assets

Up

$8,468,133

Up $2,867,479 (+51%) from 2024

Revenue

Up

$5,321,432

Up $1,401,460 (+36%) from 2024

Expenses

Up

$2,740,146

Up $41,536 (+1.5%) from 2024

Net Income

Up

$2,581,286

Up $1,359,924 (+111%) from 2024

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2013: $1,520,391Liabilities 2013: $204,320Net Assets 2013: $1,316,0712013Assets 2014: $1,650,624Liabilities 2014: $185,220Net Assets 2014: $1,465,4042014Assets 2015: $1,901,217Liabilities 2015: $242,025Net Assets 2015: $1,659,1922015Assets 2016: $1,622,857Liabilities 2016: $206,077Net Assets 2016: $1,416,7802016Assets 2017: $1,805,877Liabilities 2017: $276,406Net Assets 2017: $1,529,4712017Assets 2018: $2,537,125Liabilities 2018: $333,639Net Assets 2018: $2,203,4862018Assets 2019: $2,682,268Liabilities 2019: $367,334Net Assets 2019: $2,314,9342019Assets 2020: $2,980,940Liabilities 2020: $135,472Net Assets 2020: $2,845,4682020Assets 2021: $7,107,921Liabilities 2021: $380,291Net Assets 2021: $6,727,6302021Assets 2022: $5,234,678Liabilities 2022: $157,316Net Assets 2022: $5,077,3622022Assets 2023: $4,510,356Liabilities 2023: $267,148Net Assets 2023: $4,243,2082023Assets 2024: $5,847,910Liabilities 2024: $247,256Net Assets 2024: $5,600,6542024Assets 2025: $8,699,982Liabilities 2025: $231,849Net Assets 2025: $8,468,1332025

Highlighted filing

2025

Assets$8,699,982
Liabilities$231,849
Net Assets$8,468,133

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2013: $1,110,4092013Revenue 2014: $1,186,301Expenses 2014: $1,047,501Net Income 2014: $138,8002014Revenue 2015: $1,319,681Expenses 2015: $1,154,141Net Income 2015: $165,5402015Revenue 2016: $1,040,942Expenses 2016: $1,191,711Net Income 2016: -$150,7692016Revenue 2017: $1,354,915Expenses 2017: $1,344,026Net Income 2017: $10,8892017Revenue 2018: $2,000,789Expenses 2018: $1,407,405Net Income 2018: $593,3842018Revenue 2019: $1,804,242Expenses 2019: $1,696,956Net Income 2019: $107,2862019Revenue 2020: $2,340,502Expenses 2020: $1,554,575Net Income 2020: $785,9272020Revenue 2021: $5,168,158Expenses 2021: $1,536,599Net Income 2021: $3,631,5592021Revenue 2022: $1,747,848Expenses 2022: $2,854,468Net Income 2022: -$1,106,6202022Revenue 2023: $2,660,149Expenses 2023: $3,849,447Net Income 2023: -$1,189,2982023Revenue 2024: $3,919,972Expenses 2024: $2,698,610Net Income 2024: $1,221,3622024Revenue 2025: $5,321,432Expenses 2025: $2,740,146Net Income 2025: $2,581,2862025

Highlighted filing

2025

Revenue$5,321,432
Expenses$2,740,146
Net Income$2,581,286

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 3, 2026
Return Version
2024v5.2
Gross Receipts
$7,675,082
Mission and Program Overview

Mission

The mission of the annapolis symphony orchestra is to produce, present and promote memorable symphonic music that increases awareness, enjoyment, and appreciation of music for all ages throughout the region.

The mission of the annapolis symphony orchestra is to inspire, educate and enrich lives near and far by creating extraordinary musical experiences with uncompromising artistic excellence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,830,313$7,556,895▲ $2,726,582
Accounts Receivable$628,080$838,154▲ $210,074
Cash and Non-Interest-Bearing Accounts$352,367$271,980▼ $80,387
Prepaid Expenses and Deferred Charges$17,942$19,192▲ $1,250
Land, Buildings, and Equipment, Net$16,942$10,955▼ $5,987
Intangible Assets$2,266$2,806▲ $540
Total Assets$5,847,910$8,699,982▲ $2,852,072
Liabilities
Deferred Revenue$193,927$196,335▲ $2,408
Accounts Payable and Accrued Expenses$53,329$35,514▼ $17,815
Total Liabilities$247,256$231,849▼ $15,407
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,768,910$4,948,302▲ $3,179,392
Net Assets With Donor Restrictions$3,831,744$3,519,831▼ $311,913
Total Net Assets Fund Balance$5,600,654$8,468,133▲ $2,867,479
Total Liabilities and Net Assets / Fund Balance$5,847,910$8,699,982▲ $2,852,072

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,955$62,314$73,269

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$3,685,786$1,864,504▲ $501,181$312,207$5,739,264
2023$2,858,659$546,671▲ $280,456-$3,685,786
2022$2,537,814$173,564▲ $147,281-$2,858,659
2021$2,883,966-▼ $346,152-$2,537,814
2020$1,495,520$1,184,543▲ $203,903-$2,883,966
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jose Luis-novoArtisitic Director and ConductorFT$150,135$25,498$175,633
Ralph KunclFormer Executive DirectorFT$15,408-$15,408

Board Members and Trustees

NameTitle
Katherine EdwardsChair
Michelle HellsternVice Chair
Ann WhitcombVice President-finance
Charles GrudzinskasDirector
Collot GuerardDirector
Deb HoweDirector
Elizabeth Maxwell-schmidtDirector
Florence CalvertDirector
Georgianna CrosbyDirector
Ginger FromDirector
Jeanne KellyDirector
Jill KidwellDirector
Marie TreanorDirector
Mary Mckiel PhdDirector
Mimi JonesDirector
Robert AriasDirector
Shelley RowDirector
Sonja GladwinDirector
William DavisDirector
William HoffDirector
Erica Bondarev RapachExecutive Director 4/25 - 6/25
Monique LangstonSecretary
Stephen SotackTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,154,210
Program Service Revenue
$617,254
Investment Income
$338,965
Other Revenue
$211,003
All Other Contributions
$3,934,445
Change in Net Assets
$2,581,286

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeReported AmountValuation Method
Securities Publicly Traded$2,175,604Fair Market Value (FMV)
Total Noncash Contributions$2,175,604-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,287,342
Revenue Not Reported on Financial Statements
$34,090
Revenue Not Reported on Form 990
$343,160
Total Revenue per Audited Statements
$5,630,502
Total Revenue per Form 990
$5,321,432
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,645,206
Other Expenses$1,094,940
Total Fundraising Expense$179,307
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,101,409$39,991$101,294$1,242,694
Fees for Services Other$29,433$237,614-$267,047
Current Officers, Directors, Trustees, and Key Employees$226,781$8,235$20,857$255,873
Occupancy$145,588$12,544-$158,132
Payroll Taxes$101,529$3,687$9,338$114,554
Advertising$86,688--$86,688
Fees for Services Accounting-$58,305-$58,305
Information Technology$26,737-$7,986$34,723
Fees for Service Investment Mgmnt Fees-$34,090-$34,090
Office Expenses-$32,746-$32,746
Other Employee Benefits$28,438$1,032$2,615$32,085
Insurance$15,114$9,663-$24,777
Travel$16,389$6,151-$22,540
Fees for Services Legal-$14,000-$14,000
Other Expenses$111,770$10,000$31,761$10,000
Depreciation Depletion$6,074-$1,713$7,787
Royalties$6,916--$6,916
Total Functional Expenses$2,066,488$494,351$179,307$2,740,146

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,763,023
Total Expenses per Form 990$2,740,146
Expenses per Audited Statements$2,706,056
Expenses Not Reported on Form 990$56,967
Expenses Not Reported on Financial Statements$34,090
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$33,995
Fundraising Direct Expenses$29,475
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Anniversary Event$33,995$33,995$15,350$18,645
Total Events$33,995$33,995$29,475$4,520
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
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 form 990 is initially reviewed by the finance committee and then distributed to the entire board for review prior to submission with the irs.

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

Trustees are required to sign an annual affirmation of compliance and disclosure statement each year. A board member who has an active interest in another person or purpose within the aso or another organization that presents a potential conflict shall exercise recusal in any discussion and action on issues relating to that person or organization.

Form 990, Part VI, Section B, Line 15A

Compensation of the executive director and the music director is reviewed annually by the chair of the board in coordination with the personnel committee.

Form 990, Part VI, Section C, Line 19

Governing documents are available for review upon request. The form 990 is also available for review on guidestar.com.

Filing and Contact Details

Filer

Filer Name
Annapolis Symphony Orchestra Inc
EIN
23-7001357
Phone
4102691132
Address
801 CHASE STREET, ANNAPOLIS, MD 21401

Signing Officer

Name
Katherine Edwards
Title
Chair
Phone
4102691132
Signed
2026-03-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katherine Edwards
Formed
1967
Legal Domicile
Md
Voting Board Members
22
Independent Board Members
22
Employees
210
Volunteers
60

Preparer

Firm
Alta CPA Group
Address
59 Franklin St 2nd Floor, Annapolis, MD 21401
Preparer
Jeffrey Griffith
Phone
4103495101
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

Continued from page 2 . The recordings will be available at no cost to students and faculty associated with many educational institutions around the world who have educational agreements with nml. Various periods of music history were incorporated in our season, featuring distinguished guest soloists from the international roster of musical artists. The holiday pops concert was sold out. Three chamber concerts were performed at locations throughout anne arundel county and neighboring counties. We performed two labor day outdoor symphonic concerts, free to the community, in quiet waters and downs. Two annapolis symphony academy concerts and a family concert at maryland hall were performed in the year. The aso serves as pit orchestra for the annapolis opera at maryland hall and the us naval academy. It is important to note that artistically, maestro novo took the orchestra to new levels of performance featuring ever more challenging compositions and diverse pieces that appeal to broader audiences. In this season, this was on full display during our first international tour to spain. Accompanied by world renowned artist, pepe romero, the aso delighted audiences and earned multiple encores with each performance. Our aso musicians grew in their artistry. Ultimately what you hear today from the stage was shaped by the tour. The asos brilliant performances of pieces like mahlers 6th symphony reflect the dynamism and newness of purpose brought about by the shared experiences of maestro and our musicians in spain.

Form 990, Part III, Line 4B

Continued from page 2 the academy creates a model for diversity that emphasizes interaction and mutual respect it offers students throughout the school year. Private lessons, with an option for summer lessons, weekly ensemble rehearsals, concerts, recitals, and performance opportunities in the community characterize a typical academy year. Winds and brass instruction are slated to begin in season 62, in addition to our long standing strings. We are the only regional youth orchestra where our maestro conducts weekly our academy sessions. Our early music education program called discovery which is offered in a title 1 school as part of the after-school enrichment activities continues and two more locations are slated to open in the next season. The aso academy provides all musical instruments for these young learners to begin understanding notes, composition, and sound at a very early age. The aso also provides adult education with pre-concert lectures held before every masterworks. The aso performs in our local community extensively in the year. Our small ensemble performances provide a community service to retirement homes, assisted living centers, mental health facilities, addiction facilities, community centers, hospital events, and we performed a total of 24 times in the year. Many more hours are spent performing in the community than spent in a concert hall. The aso is committed to making music and concerts accessible and it proudly shares tickets to all its concerts with the underserved communities to help bring more music to more people.

Financial Statement Notes

V 4

The organizations endowment is designed to provide a permanent and reliable flow of funds to the operating budget, with the intent that these funds will grow at least as fast as the cost of goods and services used by annapolis symphony orchestra, inc.

X 2

The organization is a nonprofit corporation whose revenue is derived from contributions and other fundraising activities and is not subject to federal or state income taxes. The organization is exempt under section 501c3 of the internal revenue code.

XI 2D

Reclass of special event expenses 29,475

XII 2D

Reclass of special event expenses 29,475

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IRS990/Form990PartVIISectionAGrp/TitleTxt0ARTISITIC DIRECTOR AND CONDUCTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1FORMER EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT-FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24EXECUTIVE DIRECTOR 4/25 - 6/25
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