Civic Intelligence

Music Hall Revitalization Company Inc

EIN 27-3055959 • 501(c)3 • Cincinnati, OH

Profile

The music hall revitalization company was formed to coordinate the effort to renovate music hall.

650 Walnut StreetCincinnati, OH 45202

www.cincinnatiarts.org/MHRC

Siviq Scores

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

Liabilities / Assets

9th percentile

0.01x

Higher debt load relative to assets than 9% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2024

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

5th percentile

-15%

Faster asset growth than 5% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$84,229,331

Down $14,682,522 (-15%) from 2023

Liabilities

Down

$524,931

Down $450,000 (-46%) from 2023

Net Assets

Down

$83,704,400

Down $14,232,522 (-15%) from 2023

Revenue

Down

$0

Down $8,534 (-100%) from 2023

Expenses

Down

$0

Down $24 (-100%) from 2023

Net Income

Down

$0

Down $8,510 (-100%) from 2023

Trend Graphs

Balance Sheet Trend

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

$100M$50M$0Assets 2015: $34,298,712Liabilities 2015: $6,785,863Net Assets 2015: $27,512,8492015Assets 2016: $92,281,657Liabilities 2016: $5,216,679Net Assets 2016: $87,064,9782016Assets 2017: $90,621,793Liabilities 2017: $64,469Net Assets 2017: $90,557,3242017Assets 2018: $95,657,131Liabilities 2018: $988,390Net Assets 2018: $94,668,7412018Assets 2019: $98,475,895Liabilities 2019: $974,931Net Assets 2019: $97,500,9642019Assets 2020: $98,773,694Liabilities 2020: $974,931Net Assets 2020: $97,798,7632020Assets 2021: $98,859,136Liabilities 2021: $979,931Net Assets 2021: $97,879,2052021Assets 2022: $98,903,343Liabilities 2022: $974,931Net Assets 2022: $97,928,4122022Assets 2023: $98,911,853Liabilities 2023: $974,931Net Assets 2023: $97,936,9222023Assets 2024: $84,229,331Liabilities 2024: $524,931Net Assets 2024: $83,704,4002024

Highlighted filing

2024

Assets$84,229,331
Liabilities$524,931
Net Assets$83,704,400

Operations Trend

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

$60M$40M$20M$0Revenue 2015: $32,744,560Expenses 2015: $4,144,771Net Income 2015: $28,599,7892015Revenue 2016: $46,660,580Expenses 2016: $4,126,481Net Income 2016: $42,534,0992016Revenue 2017: $10,553,839Expenses 2017: $46,753Net Income 2017: $10,507,0862017Revenue 2018: $2,332,418Expenses 2018: $54,845Net Income 2018: $2,277,5732018Revenue 2019: $2,749,429Expenses 2019: $37,931Net Income 2019: $2,711,4982019Revenue 2020: $330,442Expenses 2020: $32,643Net Income 2020: $297,7992020Revenue 2021: $94,610Expenses 2021: $14,168Net Income 2021: $80,4422021Revenue 2022: $58,750Expenses 2022: $9,543Net Income 2022: $49,2072022Revenue 2023: $8,534Expenses 2023: $24Net Income 2023: $8,5102023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2024

Revenue$0
Expenses$0
Net Income$0

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$0
Mission and Program Overview

Mission

The mission of the Company is to achieve its vision of a revitalized Music Hall by harnessing and developing the hard work, financial commitment, and passionate beliefs of Greater Cincinnati citizens. (MISSION CONTINUED IN SCHEDULE O)

The music hall revitalization company was formed to coordinate the effort to renovate music hall.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$98,189,278$0▼ $98,189,278
Land, Buildings, and Equipment, Net$0$82,605,891▲ $82,605,891
Accounts Receivable$0$854,143▲ $854,143
Cash and Non-Interest-Bearing Accounts$400,924$502,147▲ $101,223
Pledges and Grants Receivable$321,651$148,725▼ $172,926
Prepaid Expenses and Deferred Charges$0$118,425▲ $118,425
Total Assets$98,911,853$84,229,331▼ $14,682,522
Liabilities
Accounts Payable and Accrued Expenses$974,931$524,931▼ $450,000
Total Liabilities$974,931$524,931▼ $450,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$97,615,271$83,555,675▼ $14,059,596
Net Assets With Donor Restrictions$321,651$148,725▼ $172,926
Total Net Assets Fund Balance$97,936,922$83,704,400▼ $14,232,522
Total Liabilities and Net Assets / Fund Balance$98,911,853$84,229,331▼ $14,682,522

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$45,704,264$21,165,608-
Other Land Buildings$-9,135,483$-4,230,635-
Equipment$12,266,257$5,680,494-
Leasehold Improvements$33,770,853$15,639,255-
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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

A draft of the form 990 is given to the board for review prior to filing.

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

The organization has each board member complete a questionnaire regarding potential conflicts of interest and are required to disclose any potential conflicts. If a board member discloses a conflict of interest, there is discussion regarding the conflict. The board member is excused from the meeting while the remaining board members discuss and/or vote if a conflict exists.

Form 990, Part VI, Section C, Line 19

The organization provides its governing documents, conflict of interest policy, and financial statements to the general public upon request.

Filing and Contact Details

Filer

Filer Name
Music Hall Revitalization Company Inc
EIN
27-3055959
Phone
5139774103
Address
650 WALNUT STREET, CINCINNATI, OH 45202

Signing Officer

Name
Ben Reece
Title
Authorized Representative
Phone
5139774103
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Murray Sinclaire Jr
Formed
2010
Legal Domicile
Oh
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
Novogradac & Company Llp
Address
3025 NORTH WOOSTER AVENUE, DOVER, OH 44622
Preparer
Frank Buss Ii
Phone
3303655400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Net assets adjustment to record the assets of music hall revitalization manager (mhrm) on the books of music hall revatalization company inc (mhrc) during the merger that took place during the year of mhrm into mhrc. -14,232,522.

FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

The mission of the company is to achieve its vision of a revitalized music hall by harnessing and developing the hard work, financial commitment, and passionate beliefs of greater cincinnati citizens. The company will facilitate and encourage all people in the region to join together, to stand on the shoulders of the visionaries who created music hall in 1878, and to equal those visionaries' achievements and leadership so that music hall can become a premier arts and cultural venue for the twenty-first century and serve as a jewel in the queen city's crown by attracting diverse and varied audiences to many kinds of arts performances and events. The goal of the company is to make music hall a glittering and spectacular anchor for a vibrant over-the-rhine community, to celebrate our history and our future as an urban destination, and to provide a world-class home base for the cincinnati symphony orchestra, cincinnati opera, cincinnati may festival, cincinnati ballet, and other arts and cultural activities. In accomplishing its mission, the company will revitalize music hall so that it will efficiently and economically serve the needs and desires of classical, orchestral, and popular symphonic and chamber music, opera, choral festivals, ballet, a variety of touring shows, special events, and a diverse variety of community events and activities. The company will develop an ongoing plan that will create and maintain the functional integrity of and community support for music hall for generations to come.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF THE FORM 990 IS GIVEN TO THE BOARD FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS EACH BOARD MEMBER COMPLETE A QUESTIONNAIRE REGARDING POTENTIAL CONFLICTS OF INTEREST AND ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS. IF A BOARD MEMBER DISCLOSES A CONFLICT OF INTEREST, THERE IS DISCUSSION REGARDING THE CONFLICT. THE BOARD MEMBER IS EXCUSED FROM THE MEETING WHILE THE REMAINING BOARD MEMBERS DISCUSS AND/OR VOTE IF A CONFLICT EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE GENERAL PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NET ASSETS ADJUSTMENT TO RECORD THE ASSETS OF MUSIC HALL REVITALIZATION MANAGER (MHRM) ON THE BOOKS OF MUSIC HALL REVATALIZATION COMPANY INC (MHRC) DURING THE MERGER THAT TOOK PLACE DURING THE YEAR OF MHRM INTO MHRC. -14,232,522.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MISSION OF THE COMPANY IS TO ACHIEVE ITS VISION OF A REVITALIZED MUSIC HALL BY HARNESSING AND DEVELOPING THE HARD WORK, FINANCIAL COMMITMENT, AND PASSIONATE BELIEFS OF GREATER CINCINNATI CITIZENS. THE COMPANY WILL FACILITATE AND ENCOURAGE ALL PEOPLE IN THE REGION TO JOIN TOGETHER, TO STAND ON THE SHOULDERS OF THE VISIONARIES WHO CREATED MUSIC HALL IN 1878, AND TO EQUAL THOSE VISIONARIES' ACHIEVEMENTS AND LEADERSHIP SO THAT MUSIC HALL CAN BECOME A PREMIER ARTS AND CULTURAL VENUE FOR THE TWENTY-FIRST CENTURY AND SERVE AS A JEWEL IN THE QUEEN CITY'S CROWN BY ATTRACTING DIVERSE AND VARIED AUDIENCES TO MANY KINDS OF ARTS PERFORMANCES AND EVENTS. THE GOAL OF THE COMPANY IS TO MAKE MUSIC HALL A GLITTERING AND SPECTACULAR ANCHOR FOR A VIBRANT OVER-THE-RHINE COMMUNITY, TO CELEBRATE OUR HISTORY AND OUR FUTURE AS AN URBAN DESTINATION, AND TO PROVIDE A WORLD-CLASS HOME BASE FOR THE CINCINNATI SYMPHONY ORCHESTRA, CINCINNATI OPERA, CINCINNATI MAY FESTIVAL, CINCINNATI BALLET, AND OTHER ARTS AND CULTURAL ACTIVITIES. IN ACCOMPLISHING ITS MISSION, THE COMPANY WILL REVITALIZE MUSIC HALL SO THAT IT WILL EFFICIENTLY AND ECONOMICALLY SERVE THE NEEDS AND DESIRES OF CLASSICAL, ORCHESTRAL, AND POPULAR SYMPHONIC AND CHAMBER MUSIC, OPERA, CHORAL FESTIVALS, BALLET, A VARIETY OF TOURING SHOWS, SPECIAL EVENTS, AND A DIVERSE VARIETY OF COMMUNITY EVENTS AND ACTIVITIES. THE COMPANY WILL DEVELOP AN ONGOING PLAN THAT WILL CREATE AND MAINTAIN THE FUNCTIONAL INTEGRITY OF AND COMMUNITY SUPPORT FOR MUSIC HALL FOR GENERATIONS TO COME.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03025 NORTH WOOSTER AVENUE
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ReturnHeader/PreparerPersonGrp/PhoneNum03303655400
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANK BUSS II
ReturnHeader/ReturnTs02025-11-14T16:19:17-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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