Civic Intelligence

Milwaukee Symphony Orchestra Inc.

990 • Fiscal year 2020 • EIN 39-6023436

Sep 01, 2019 to Aug 31, 2020 • Filed on Jul 13, 2021

212 W Wisconsin AveMilwaukee, WI 53203

(414) 291-6010

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

32nd percentile

0.15x

Higher debt load relative to assets than 32% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

45th percentile

0.46x

Higher debt load relative to revenue than 45% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Net Margin

94th percentile

53%

Higher net margin than 94% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

29th percentile

$318,916

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Asset Growth

87th percentile

27%

Faster asset growth than 87% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

95th percentile

85%

Faster revenue growth than 95% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Assets

Up

$103,915,131

Up $22,014,311 (+27%) from 2019

Net Assets

Up

$87,886,171

Up $19,610,959 (+29%) from 2019

Liabilities

Up

$16,028,960

Up $2,403,352 (+18%) from 2019

Revenue

Up

$34,702,822

Up $15,918,075 (+85%) from 2019

Expenses

Down

$16,244,292

Down $1,645,538 (-9.2%) from 2019

Net Income

Up

$18,458,530

Up $17,563,613 (+1963%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $29,201,390Liabilities 2010: $17,522,235Net Assets 2010: $11,679,1552010Assets 2011: $30,562,123Liabilities 2011: $18,460,299Net Assets 2011: $12,101,8242011Assets 2012: $24,302,061Liabilities 2012: $12,012,744Net Assets 2012: $12,289,3172012Assets 2013: $22,890,045Liabilities 2013: $9,972,047Net Assets 2013: $12,917,9982013Assets 2014: $24,062,118Liabilities 2014: $9,893,765Net Assets 2014: $14,168,3532014Assets 2015: $23,069,978Liabilities 2015: $11,322,421Net Assets 2015: $11,747,5572015Assets 2016: $24,488,040Liabilities 2016: $11,340,491Net Assets 2016: $13,147,5492016Assets 2017: $46,721,031Liabilities 2017: $10,268,095Net Assets 2017: $36,452,9362017Assets 2018: $77,015,574Liabilities 2018: $8,041,168Net Assets 2018: $68,974,4062018Assets 2019: $81,900,820Liabilities 2019: $13,625,608Net Assets 2019: $68,275,2122019Assets 2020: $103,915,131Liabilities 2020: $16,028,960Net Assets 2020: $87,886,1712020Assets 2021: $122,941,209Liabilities 2021: $9,788,691Net Assets 2021: $113,152,5182021Assets 2022: $121,477,891Liabilities 2022: $7,185,940Net Assets 2022: $114,291,9512022Assets 2023: $124,197,590Liabilities 2023: $7,378,432Net Assets 2023: $116,819,1582023Assets 2024: $128,508,605Liabilities 2024: $6,788,170Net Assets 2024: $121,720,4352024

Highlighted filing

2020

Assets$103,915,131
Liabilities$16,028,960
Net Assets$87,886,171

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $17,412,7322010Expenses 2011: $16,666,5492011Expenses 2012: $17,371,5522012Revenue 2013: $15,218,643Expenses 2013: $17,718,123Net Income 2013: -$2,499,4802013Revenue 2014: $15,868,434Expenses 2014: $16,137,727Net Income 2014: -$269,2932014Revenue 2015: $15,995,029Expenses 2015: $16,498,565Net Income 2015: -$503,5362015Revenue 2016: $18,629,499Expenses 2016: $17,400,742Net Income 2016: $1,228,7572016Revenue 2017: $38,631,705Expenses 2017: $18,202,182Net Income 2017: $20,429,5232017Revenue 2018: $48,630,785Expenses 2018: $17,886,038Net Income 2018: $30,744,7472018Revenue 2019: $18,784,747Expenses 2019: $17,889,830Net Income 2019: $894,9172019Revenue 2020: $34,702,822Expenses 2020: $16,244,292Net Income 2020: $18,458,5302020Revenue 2021: $33,243,126Expenses 2021: $13,923,557Net Income 2021: $19,319,5692021Revenue 2022: $27,186,172Expenses 2022: $22,299,032Net Income 2022: $4,887,1402022Revenue 2023: $18,464,144Expenses 2023: $23,261,189Net Income 2023: -$4,797,0452023Revenue 2024: $20,370,929Expenses 2024: $23,647,468Net Income 2024: -$3,276,5392024

Highlighted filing

2020

Revenue$34,702,822
Expenses$16,244,292
Net Income$18,458,530
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Jul 13, 2021
Return Version
2019v5.2
Gross Receipts
$34,708,400
Mission and Program Overview

Mission

The milwaukee symphony orchestra, inc. ("mso") reaches out to diverse audiences through concert performances and nationally recognized education and outreach programs. All programs are guided by the mso family shared vision which states that the mso exists for three purposes: to comfort, educate, entertain and exhilarate the human soul through events of cultural significance, relevance and artistic challenge; to embrace, preserve and foster our musical heritage; and to enhance the vibrancy of our community.

Present performances that cultivate an appreciation for the art of music.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$30,606,679$30,224,456▼ $382,223
Cash and Non-Interest-Bearing Accounts$4,500,291$6,790,428▲ $2,290,137
Prepaid Expenses and Deferred Charges$416,685$316,389▼ $100,296
Land, Buildings, and Equipment, Net$224,389$294,795▲ $70,406
Accounts Receivable$70,422$39,847▼ $30,575
Total Assets$81,900,820$103,915,131▲ $22,014,311
Other Assets Total$46,082,354$66,249,216▲ $20,166,862
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,861,720$8,691,462▲ $2,829,742
Other Liabilities$5,335,303$4,887,001▼ $448,302
Deferred Revenue$1,811,349$1,611,596▼ $199,753
Accounts Payable and Accrued Expenses$607,911$831,983▲ $224,072
Unsecured Notes Loans Payable$9,325$6,918▼ $2,407
Total Liabilities$13,625,608$16,028,960▲ $2,403,352
Net Assets / Fund Balance
Net Assets With Donor Restrictions$50,505,666$51,298,821▲ $793,155
Net Assets Without Donor Restrictions$17,769,546$36,587,350▲ $18,817,804
Total Net Assets Fund Balance$68,275,212$87,886,171▲ $19,610,959
Total Liabilities and Net Assets / Fund Balance$81,900,820$103,915,131▲ $22,014,311

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$280,389$795,583$1,075,972
Leasehold Improvements$14,406$50,794$65,200
Other Assets Org$55,778--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$19,373,926$270,383▲ $1,736,215$839,260$20,458,400
2018$19,212,814$645,972▲ $421,249$833,540$19,373,926
2017$20,880,158$326,797▼ $1,145,688$748,971$19,212,814
2016$19,631,480$525,737▲ $1,574,324$748,038$20,880,158
2015$19,215,900$62,194▲ $1,221,063$765,075$19,631,480
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark NiehausPresident & Executive DirectorFT$244,770$74,146$318,916
Frank AlmondMso Musician DirectorFT$142,625$27,010$169,635
Susan LorisExecutive VPFT$147,863$21,533$169,396
Catherine KiekhoferVP Finance & Admin (thru March 2020)FT$118,843$28,605$147,448
Bret DorhoutVP Artistic PlanningFT$128,604$12,403$141,007
Richard PretatStaff and MusicianFT$103,991$23,505$127,496
Robin SasmanVP Finance & Admin (march 2020)FT$5,620$118$5,738

Board Members and Trustees

NameTitle
Andy NunemakerBoard Chairman
Susan MartinChair Elect
Douglas HagermanImmediate Past Chair
Alice ReadBoard Director
Bruce MyersBoard Director
Christian MitchellBoard Director
Christopher MillerBoard Director
Dale SmithBoard Director
David UihleinBoard Director
Dick StollBoard Director
Eric HobbsBoard Director
Eric JorgensenBoard Director
Gregory SmithBoard Director
Haruki ToyamaBoard Director
Herb ZienBoard Director
Jay SchwisterBoard Director
Jeff CostakosBoard Director
Julie UihleinBoard Director
Karen HungBoard Director
Larry MortonBoard Director
Leslie PlamannBoard Director
Louis AndrewBoard Director
Marion GottschalkBoard Director
Maura PackhamBoard Director
Michael J SchmitzBoard Director
Peter MahlerBoard Director
Richard PaulsBoard Director
Stuart ParsonsBoard Director
Alyce Coyne KatayamaBoard Secretary
Francis WasielewskiCity Appointed Director
Pegge SytkowskiCity Appointed Director
Sachin ChhedaCity Appointed Director
Christopher LaydenCounty Appointed Director
Elizabeth RidleyCounty Appointed Director
Lex AllenCounty Appointed Director
Patrick MurphyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
The Scan Group INCPrintingW222 N625 CHEANEY DRIVE, Waukesha, WI 53186$210,385
Campbell & CompanyConsultantONE EAST WACKER DRIVE, Chicago, IL 60601$172,757
Lynch2Website Services792 WEST BARTLETT ROAD, Bartlett, IL 60103$170,874
Target Resource Group LLCMarketing Consultants90 S CASCADE AVE STE 510, Colorado Springs, CO 80903$132,368
Ptg Live Events LLCPerformance Venue Rental144 EAST WELLS STREET, Milwaukee, WI 53202$128,444
Revenue and Support

Revenue Composition

Contributions and Grants
$31,335,867
Program Service Revenue
$3,115,090
Investment Income
$248,057
Other Revenue
$3,808
All Other Contributions
$26,778,425
Change in Net Assets
$18,458,530

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 Traded41$7,754,237Fair Market Value (FMV)
Other Non Cash Contri Table8$1,500Fair Market Value (FMV)
Total Noncash Contributions49$7,755,737-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,500,766
Other Expenses$4,551,788
Total Fundraising Expense$2,252,852
Professional Fundraising Fees$187,238
Grants and Similar Amounts Paid$4,500

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,647,022$400,501$698,067$7,745,590
Other Employee Benefits$1,745,308$130,364$205,335$2,081,007
Fees for Services Other$957,653$104,376$193,852$1,255,881
Payroll Taxes$689,077$46,236$93,856$829,169
Advertising$813,445-$14,700$828,145
Pension Plan Contributions$403,091$30,707$46,167$479,965
Current Officers, Directors, Trustees, and Key Employees-$230,833$134,202$365,035
Office Expenses$82,635$140,241$65,812$288,688
Occupancy$152,952$19,743$20,146$192,841
Fees for Services Professional Fundraising--$187,238$187,238
Other Expenses$81,653$50,606$15,853$97,506
Insurance$74,398$2,589$3,359$80,346
Depreciation Depletion$44,317$4,984$6,467$55,768
Interest-$54,211-$54,211
All Other Expenses$22,245$3,649$14,781$40,675
Conferences and Meetings$13,021$10,796$15,357$39,174
Travel$26,509$1,794$1,997$30,300
Grants to Domestic Individuals$4,500--$4,500
Total Functional Expenses$12,759,810$1,231,630$2,252,852$16,244,292
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$187,238
Fundraising Gross Income$8,975
Fundraising Direct Expenses$5,578
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Liability for Pension Benefits$4,887,001
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

The mayor and the milwaukee county executive have the power to appoint directors.

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

A draft of the 990 is available on the board portal for review and comment by the full board before filing.

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

The mso and the governance committee reviews compliance with the conflict of interest policy on an annual basis.

Form 990, Part VI, Section B, Line 15

Employees' compensation is reviewed annually, compared with bench-marking data provided by the league of american orchestras, and approved by a sub-committee of board

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Milwaukee Symphony Orchestra Inc
EIN
39-6023436
Phone
4142916010
Address
212 W WISCONSIN AVE, MILWAUKEE, WI 53203

Signing Officer

Name
Mark Niehaus
Title
President
Phone
4142916010
Signed
2021-07-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Niehaus
Formed
1958
Legal Domicile
Wi
Voting Board Members
37
Independent Board Members
36
Employees
284
Volunteers
190

Preparer

Firm
Sikich Llp
Address
13400 BISHOPS LANE SUITE 300, BROOKFIELD, WI 53005
Preparer
Jill M Boyle CPA
Phone
2627549400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Increase in the beneficial interest in net assets in perpetual trusts 1,084,474. Pension-related items other than net periodic pension costs 67,955.

Schedule R, Part IV

Election under code sec. 168(h)(6)(f)(ii) tnsh manager llc 1101 n market street milwaukee, wi 53202 82-4578641 election by tax-exempt controlled entity not to be treated as a tax-exempt entity under section 168(h)(6)(f)(ii) this election is being made for tnsh manager llc, which is property held by milwaukee symphony orchestra, inc. A copy of this election statement filed by the tax-exempt controlled entity shall also be attached to the federal tax returns of each tax-exempt shareholders or beneficiaries of the controlled entity. The tax-exempt controlled entity will report any gain recognized by the tax-exempt parent on any disposition of an interest (and any dividends or interest received or accrued from the tax exempt controlled entity) as unrelated business taxable income under code section 511. Taxpayer is a tax-exempt controlled entity entitled to this election.

Financial Statement Notes

PART V, LINE 4:

To provide operating support to the milwaukee symphony orchestra, inc.

PART X, LINE 2:

The orchestra is a nonprofit corporation as described in section 501(c)(3) of the internal revenue code as other than a private foundation, and is exempt from federal and state income taxes on related income pursuant to section 501(a) of the code.

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IRS990/Desc0THE MILWAUKEE SYMPHONY ORCHESTRA IS AMONG THE FINEST ORCHESTRAS IN THE NATION AND THE LARGEST CULTURAL ORGANIZATION IN WISCONSIN. SINCE ITS INCEPTION IN 1959, THE MSO HAS RECEIVED CRITICAL ACCLAIM FOR ARTISTIC EXCELLENCE. IN ADDITION TO MAKING A $44.3 MILLION ECONOMIC IMPACT IN THE MILWAUKEE METROPOLITAN AREA AND INFUSING $90 MILLION INTO WEST WISCONSIN AVENUE AS WE RESTORE THE WARNER GRAND THEATER, THE 70 FULL-TIME PROFESSIONAL MUSICIANS IN THE SYMPHONY PERFORM MORE THAN 135 CONCERTS EACH SEASON FOR OVER 200,000 PATRONS.TO ENSURE THE HEALTH AND WELLBEING OF MSO STAFF AND PATRONS, AS WELL AS COVID19 RELATED RESTRICTIONS ON GATHERING SIZE AND CAPACITY LIMITS, THE MSO CANCELLED PERFORMANCES IN THE FINAL MONTHS OF THE 2019-2020 SEASON.
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IRS990/Form990PartVIISectionAGrp/PersonNm1FRANK ALMOND
IRS990/Form990PartVIISectionAGrp/PersonNm2SUSAN LORIS
IRS990/Form990PartVIISectionAGrp/PersonNm3CATHERINE KIEKHOFER
IRS990/Form990PartVIISectionAGrp/PersonNm4BRET DORHOUT
IRS990/Form990PartVIISectionAGrp/PersonNm5RICHARD PRETAT
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IRS990/Form990PartVIISectionAGrp/PersonNm10PATRICK MURPHY
IRS990/Form990PartVIISectionAGrp/PersonNm11ALYCE COYNE KATAYAMA
IRS990/Form990PartVIISectionAGrp/PersonNm12KAREN HUNG
IRS990/Form990PartVIISectionAGrp/PersonNm13MICHAEL J SCHMITZ
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IRS990/Form990PartVIISectionAGrp/PersonNm15LOUIS ANDREW
IRS990/Form990PartVIISectionAGrp/PersonNm16JEFF COSTAKOS
IRS990/Form990PartVIISectionAGrp/PersonNm17MARION GOTTSCHALK
IRS990/Form990PartVIISectionAGrp/PersonNm18ERIC HOBBS
IRS990/Form990PartVIISectionAGrp/PersonNm19ERIC JORGENSEN
IRS990/Form990PartVIISectionAGrp/PersonNm20PETER MAHLER
IRS990/Form990PartVIISectionAGrp/PersonNm21CHRISTOPHER MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm22CHRISTIAN MITCHELL
IRS990/Form990PartVIISectionAGrp/PersonNm23LARRY MORTON
IRS990/Form990PartVIISectionAGrp/PersonNm24BRUCE MYERS
IRS990/Form990PartVIISectionAGrp/PersonNm25MAURA PACKHAM
IRS990/Form990PartVIISectionAGrp/PersonNm26STUART PARSONS
IRS990/Form990PartVIISectionAGrp/PersonNm27RICHARD PAULS
IRS990/Form990PartVIISectionAGrp/PersonNm28LESLIE PLAMANN
IRS990/Form990PartVIISectionAGrp/PersonNm29ALICE READ
IRS990/Form990PartVIISectionAGrp/PersonNm30JAY SCHWISTER
IRS990/Form990PartVIISectionAGrp/PersonNm31DALE SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm32GREGORY SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm33DICK STOLL
IRS990/Form990PartVIISectionAGrp/PersonNm34DAVID UIHLEIN
IRS990/Form990PartVIISectionAGrp/PersonNm35JULIE UIHLEIN
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IRS990/Form990PartVIISectionAGrp/PersonNm37SACHIN CHHEDA
IRS990/Form990PartVIISectionAGrp/PersonNm38PEGGE SYTKOWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm39FRANCIS WASIELEWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm40LEX ALLEN
IRS990/Form990PartVIISectionAGrp/PersonNm41CHRISTOPHER LAYDEN
IRS990/Form990PartVIISectionAGrp/PersonNm42ELIZABETH RIDLEY
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt420
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1MSO MUSICIAN DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXECUTIVE VP
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP FINANCE & ADMIN (THRU MARCH 2020)
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP ARTISTIC PLANNING
IRS990/Form990PartVIISectionAGrp/TitleTxt5STAFF AND MUSICIAN

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$129$6.79$122$20.4$23.6$3.28
2023Detailed filing. Detailed filing data is available for this year.$124$7.38$117$18.5$23.3$4.80
2022Detailed filing. Detailed filing data is available for this year.$121$7.19$114$27.2$22.3$4.89
2021Detailed filing. Detailed filing data is available for this year.$123$9.79$113$33.2$13.9$19.3
2020Detailed filing. Detailed filing data is available for this year.$104$16.0$87.9$34.7$16.2$18.5
2019Detailed filing. Detailed filing data is available for this year.$81.9$13.6$68.3$18.8$17.9$0.89
2018Detailed filing. Detailed filing data is available for this year.$77.0$8.04$69.0$48.6$17.9$30.7
2017Detailed filing. Detailed filing data is available for this year.$46.7$10.3$36.5$38.6$18.2$20.4
2016Detailed filing. Detailed filing data is available for this year.$24.5$11.3$13.1$18.6$17.4$1.23
2015Detailed filing. Detailed filing data is available for this year.$23.1$11.3$11.7$16.0$16.5$0.50
2014Detailed filing. Detailed filing data is available for this year.$24.1$9.89$14.2$15.9$16.1$0.27
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.9$9.97$12.9$15.2$17.7$2.50
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.3$12.0$12.3$17.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.6$18.5$12.1$16.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.2$17.5$11.7$17.4