Civic Intelligence

Saint Louis Symphony Orchestra

990 • Fiscal year 2015 • EIN 43-0666769

Sep 01, 2014 to Aug 31, 2015 • Filed on Apr 11, 2016

718 North Grand BlvdSt Louis, MO 63103

(314) 533-2500

Siviq Scores

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

Liabilities / Assets

51st percentile

0.29x

Higher debt load relative to assets than 51% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

53rd percentile

0.36x

Higher debt load relative to revenue than 53% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

84th percentile

30%

Higher net margin than 84% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

94th percentile

$1,042,644

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Asset Growth

45th percentile

0.7%

Faster asset growth than 45% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

7th percentile

-32%

Faster revenue growth than 7% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Assets

Up

$49,556,010

Up $357,362 (+0.7%) from 2014

Net Assets

Down

$35,098,469

Down $1,786,188 (-4.8%) from 2014

Liabilities

Up

$14,457,541

Up $2,143,550 (+17%) from 2014

Revenue

Down

$39,846,205

Down $18,516,197 (-32%) from 2014

Expenses

Up

$27,947,449

Up $19,653 (+0.1%) from 2014

Net Income

Down

$11,898,756

Down $18,535,850 (-61%) from 2014

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $29,090,545Liabilities 2010: $13,634,454Net Assets 2010: $15,456,0912010Assets 2011: $28,815,625Liabilities 2011: $11,618,475Net Assets 2011: $17,197,1502011Assets 2012: $37,947,116Liabilities 2012: $14,676,085Net Assets 2012: $23,271,0312012Assets 2013: $25,852,092Liabilities 2013: $11,591,597Net Assets 2013: $14,260,4952013Assets 2014: $49,198,648Liabilities 2014: $12,313,991Net Assets 2014: $36,884,6572014Assets 2015: $49,556,010Liabilities 2015: $14,457,541Net Assets 2015: $35,098,4692015Assets 2016: $61,280,780Liabilities 2016: $18,694,017Net Assets 2016: $42,586,7632016Assets 2017: $29,032,965Liabilities 2017: $11,548,617Net Assets 2017: $17,484,3482017Assets 2018: $25,638,074Liabilities 2018: $10,311,010Net Assets 2018: $15,327,0642018Assets 2019: $35,320,195Liabilities 2019: $12,276,683Net Assets 2019: $23,043,5122019Assets 2020: $52,911,715Liabilities 2020: $15,591,347Net Assets 2020: $37,320,3682020Assets 2021: $77,659,859Liabilities 2021: $8,010,108Net Assets 2021: $69,649,7512021Assets 2022: $118,688,808Liabilities 2022: $6,382,582Net Assets 2022: $112,306,2262022Assets 2023: $186,709,364Liabilities 2023: $55,996,394Net Assets 2023: $130,712,9702023Assets 2024: $212,351,537Liabilities 2024: $68,479,488Net Assets 2024: $143,872,0492024

Highlighted filing

2015

Assets$49,556,010
Liabilities$14,457,541
Net Assets$35,098,469

Operations Trend

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

$80M$60M$40M$20M$0Expenses 2010: $25,727,0432010Revenue 2011: $27,006,947Expenses 2011: $26,306,728Net Income 2011: $700,2192011Expenses 2012: $26,597,7562012Expenses 2013: $28,997,8022013Revenue 2014: $58,362,402Expenses 2014: $27,927,796Net Income 2014: $30,434,6062014Revenue 2015: $39,846,205Expenses 2015: $27,947,449Net Income 2015: $11,898,7562015Revenue 2016: $42,872,751Expenses 2016: $28,985,138Net Income 2016: $13,887,6132016Revenue 2017: $33,475,680Expenses 2017: $30,010,463Net Income 2017: $3,465,2172017Revenue 2018: $31,867,507Expenses 2018: $30,176,798Net Income 2018: $1,690,7092018Revenue 2019: $39,199,125Expenses 2019: $29,391,582Net Income 2019: $9,807,5432019Revenue 2020: $42,338,715Expenses 2020: $27,963,792Net Income 2020: $14,374,9232020Revenue 2021: $61,304,520Expenses 2021: $32,008,260Net Income 2021: $29,296,2602021Revenue 2022: $74,555,125Expenses 2022: $31,405,124Net Income 2022: $43,150,0012022Revenue 2023: $52,207,291Expenses 2023: $32,253,444Net Income 2023: $19,953,8472023Revenue 2024: $45,222,768Expenses 2024: $32,181,029Net Income 2024: $13,041,7392024

Highlighted filing

2015

Revenue$39,846,205
Expenses$27,947,449
Net Income$11,898,756
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Apr 11, 2016
Return Version
2014v6.0
Gross Receipts
$40,491,705
Mission and Program Overview

Mission

The mission of the st. Louis symphony orchestra (slso) is to enrich lives through the power of music. The slso provides orchestra concerts, community programs, and educational resources for the st. Louis community and beyond.

The mission of the St Louis Symphony is to enrich people's lives through the power of music. The symphony provides Orchestral Concerts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$31,366,267$30,947,104▼ $419,163
Investments in Publicly Traded Securities$3,834,234$3,480,670▼ $353,564
Land, Buildings, and Equipment, Net$2,846,412$2,991,289▲ $144,877
Savings and Temporary Cash Investments$1,621,239$2,763,337▲ $1,142,098
Other Notes and Loans Receivable, Net$1,058,309$1,054,135▼ $4,174
Prepaid Expenses and Deferred Charges$660,728$646,609▼ $14,119
Receivables From Officers Etc$394,854$448,897▲ $54,043
Cash and Non-Interest-Bearing Accounts$16,300$16,500▲ $200
Inventories for Sale or Use$15,433$14,989▼ $444
Accounts Receivable$4,475$9,389▲ $4,914
Receivable From Disqualified Prsn$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$49,198,648$49,556,010▲ $357,362
Other Assets Total$7,380,397$7,183,091▼ $197,306
Liabilities
Other Liabilities$8,024,441$10,188,820▲ $2,164,379
Deferred Revenue$3,255,293$3,210,941▼ $44,352
Accounts Payable and Accrued Expenses$999,257$1,022,780▲ $23,523
Mortgage Notes Payable Secured by Investment Property$35,000$35,000→ $0
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$12,313,991$14,457,541▲ $2,143,550
Net Assets / Fund Balance
Permanently Rstr Net Assets$25,497,635$27,419,293▲ $1,921,658
Temporarily Rstr Net Assets$13,434,117$12,299,125▼ $1,134,992
Unrestricted Net Assets$-2,047,095$-4,619,949▼ $2,572,854
Total Net Assets Fund Balance$36,884,657$35,098,469▼ $1,786,188
Total Liabilities and Net Assets / Fund Balance$49,198,648$49,556,010▲ $357,362

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,968,523$6,073,983$8,042,506
Other Land Buildings$641,194$1,714,004$2,355,198
Equipment$279,072$1,863,948$2,143,020
Land$102,500-$102,500
Leasehold Improvements$0$0$0
Other Assets Org$134,389--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$2,994,681$18,449▲ $3,305$146,000$2,870,435
2013$2,900,407$228,394▲ $5,880$140,000$2,994,681
2012$2,987,058$44,437▲ $8,912$140,000$2,900,407
2011$2,701,508$414,232▲ $11,318$140,000$2,987,058
2010$2,830,148$0▲ $15,360$144,000$2,701,508
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David RobertsonMusic DirectorFT$920,000$122,644$1,042,644
David HalenConcertmasterFT$241,995$36,221$278,216
John EasleyCo-Interim CEO / VP - DevelopmentFT$227,942$42,343$270,285
James J GarroneCo-Interim CEO / CFOFT$168,287$40,372$208,659
Mark SparksMusicianFT$168,351$34,300$202,651
Scott D AndrewsMusicianFT$166,599$34,360$200,959
Daniel LeeMusicianFT$169,929$21,942$191,871
Fred BronsteinFormer President/Chief Executive Officer-$154,858$34,226$189,084
Roger KazaMusicianFT$148,956$29,811$178,767
William JamesTrustee / MusicianFT$112,587$26,116$138,703
Kathleen MattisTrustee / MusicianFT$108,315$24,881$133,196

Highest Paid Contractors

ContractorServicesLocationCompensation
Clean-Tech CompanyBuilding MaintenancePO Box 954276, St Louis, MO 63195-4276$202,571
Gabriel GroupPrinting & Mailing Services3190 Rider Trail South, Earth City, MO 63045$200,087
Whelan SecuritySecurity servicesPO Box 843886, Kansas City, MO 64184-3886$186,838
Bender IncPrinting & Mailing Services1600 Fenpark Dr, Fenton, MO 63026$142,597
Pan Galactic CompanyAudio & Video Services1131 Pine Tree Lane, Webster Groves, MO 63119$142,191
Revenue and Support

Revenue Composition

Contributions and Grants
$23,549,484
Program Service Revenue
$8,419,142
Investment Income
$60,690
Other Revenue
$7,816,889
All Other Contributions
$21,607,940
Change in Net Assets
$11,898,756

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded63$363,035Daily Market Quotation
Other Non Cash Contri Table14$23,735Retail Value
Other Non Cash Contri Table6$13,661Retail Value
Books and Publications-$12,519Retail Value
Other Non Cash Contri Table8$10,185Retail Value
Other Non Cash Contri Table7$9,238Retail Value
Total Noncash Contributions98$432,373-

Audited Revenue Reconciliation

Revenue per Audited Statements
$27,409,274
Revenue Not Reported on Financial Statements
$12,436,931
Revenue Not Reported on Form 990
$693,530
Other Revenue Adjustments
$12,431,730
Total Revenue per Audited Statements
$28,102,804
Total Revenue per Form 990
$39,846,205
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$20,299,016
Other Expenses$7,542,116
Total Fundraising Expense$1,401,050
Professional Fundraising Fees$106,317
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$12,648,309$748,365$644,961$14,041,635
Other Employee Benefits$1,760,495$114,074$95,538$1,970,107
Current Officers, Directors, Trustees, and Key Employees$1,316,047$551,208$0$1,867,255
Pension Plan Contributions$1,365,896$26,830$18,694$1,411,420
Office Expenses$794,115$239,969$159,876$1,193,960
Occupancy$500,106$567,301$49,347$1,116,754
Advertising$1,021,939$0$20,839$1,042,778
Payroll Taxes$911,085$50,998$46,516$1,008,599
Depreciation Depletion$386,741$77,348$51,565$515,654
Travel$286,536$9,124$7,071$302,731
Other Expenses$100,083$25,088$140,678$265,849
Insurance$199,832$10,099$27,611$237,542
Fees for Services Other$135,472$41,362$14,994$191,828
Information Technology$16,537$115,411$0$131,948
Fees for Services Professional Fundraising--$106,317$106,317
Fees for Services Accounting$0$50,331$0$50,331
Fees for Services Legal$30,068$2,386$1,002$33,456
All Other Expenses$0$5,201$0$5,201
Interest$0$848$0$848
Total Functional Expenses$23,909,898$2,636,501$1,401,050$27,947,449

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$28,259,670
Total Expenses per Form 990$27,947,449
Expenses per Audited Statements$27,942,248
Expenses Not Reported on Form 990$317,422
Expenses Not Reported on Financial Statements$5,201
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$285,682
Fundraising Gross Income$281,742
Professional Fundraising Fees$106,317
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gypsy Caravan$181,288$181,288$24,167$157,121
Gala$541,604$37,360$114,335$-76,975
Total Events$785,986$281,742$285,682$-3,940
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$394,854$448,897▲ $54,043
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pension Liability$9,839,637
Gift Annuity Liability$349,183
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Family Relationships: David Steward and Thelma Steward. Business Relationships: Rick Short and JoAnn Taylor Kindle, Kathleen Osborn and David Steward.

Form 990, Part VI, Section A, Line 6

The organization's bylaws defines "member" as any person, organization, foundation, corporation, limited liability company, partnership or association that makes a financial contribution to the organization of at least $1,500 for the fiscal year. Each member is entitled to one vote on each matter submitted to a vote at any meeting of the members. The bylaws require an annual meeting of the members and allow for special meetings of the members as necessary.

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

The members elect the organization's regular trustees at the annual meeting required within the bylaws. Up to ten (10) positions on the Board of Trustees may be filled at any time during the year by affirmative vote of at least a majority of the Board of Trustees present at a regular or special meeting of the Board of Trustees. A Trustee elected pursuant to a vacancy shall serve until the next annual meeting of the members or until such Trustee's earlier death, resignation, disqualification or removal from office, and such Trustee may be elected for a full succeeding term at the next annual meeting of the Members. No individual member or less than a complete group of members has any specific rights of approval or decision making authority.

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

The members elect the organization's regular trustees at the annual meeting required within the bylaws. Up to ten (10) positions on the Board of Trustees may be filled at any time during the year by affirmative vote of at least a majority of the Board of Trustees present at a regular or special meeting of the Board of Trustees. A Trustee elected pursuant to a vacancy shall serve until the next annual meeting of the members or until such Trustee's earlier death, resignation, disqualification or removal from office, and such Trustee may be elected for a full succeeding term at the next annual meeting of the Members. No individual member or less than a complete group of members has any specific rights of approval or decision making authority.

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

The organization's Form 990 is prepared by the Controller and Assistant Controller. It is subsequently reviewed by the Chief Financial Officer. The Form 990 is also reviewed by the Audit & Finance Committee of the Board of Trustees. All of the activities noted above are completed prior to the filing of the Form 990 with the Internal Revenue Service.

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

The organization's conflict of interest policy is monitored via an annual distribution of the written policy and disclosure form to all trustees, officers, and key employees. The disclosure form is returned to identify and monitor potential conflicts of interest for further handling in accordance with the written policy.

Form 990, Part VI, Section B, Line 15

The multi-year compensation of the top management official (President/Chief Executive Officer) was determined by the Chairman of the Board of Trustees and discussed with members of the Executive Committee of the Board of Trustees. In developing the level of compensation, data for comparable positions in comparable organizations was considered by the Chairman. Annual discretionary component of the President/Chief Executive Officer's compensation is determined by the Chairman of the Board of Trustees based upon the achievement of established goals and discussion with members of the Executive Committee. The compensation of other officers and key employees is determined primarily by the President/Chief Executive Officer, on an annual basis. Compensation is based upon the achievement of established goals, analysis of data for comparable local and national industry specific positions, and discussions with the members of the Board of Trustees and other constituencies. This process is documented in the personnel files maintained by the President/Chief Executive Officer.

Form 990, Part VI, Section C, Line 19

The organization's Form 990 is available through several options, including; 1) via the organization's website at www.stlsymphony.org; 2) via the internet at www.guidestar.org; 3) by request to the individual identified in question 20. The organization's governing documents, conflict of interest policy, and financial statements are available upon request to the individual identified in question 20.

Filing and Contact Details

Filer

Filer Name
Saint Louis Symphony Orchestra
EIN
43-0666769
Phone
3145332500
Address
718 North Grand Blvd, St Louis, MO 63103

Signing Officer

Name
James Garrone
Title
CFO
Phone
3145332500
Signed
2016-04-11

Organization Details

Principal Officer
Marie-Helene Bernard
Formed
1893
Legal Domicile
Mo
Voting Board Members
49
Independent Board Members
46
Employees
516
Volunteers
462
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

and nearly 100 schools in 14 districts. The organization has an extensive community partnership effort. Each year musicians perform free of charge almost 200 times to facilitate musical understanding. In addition, our IN UNISON Program, a partnership between the organization and 40 African-American churches, is designed to forge new musical collaborations at the churches and at Powell Hall.

Form 990, Part XI, Line 9

Transfer of endowment funds to Saint Louis Symphony Endowment Trust of ($12,431,730) and an adjustment to minimum pension liability of ($1,629,322).

Financial Statement Notes

Schedule D, Part V, Line 4

The endowment funds are to support the programs of the St Louis Symphony.

Schedule D, Part XI, Line 2D

GALA Celebration fundraising expenses of ($208,400) and SVA projects fundraising expense of ($77,282).

Schedule D, Part XI, Line 4B

Transfer of endowment funds to Saint Louis Symphony Endowment Trust.

Schedule D, Part XII, Line 2D

GALA Celebration fundraising expenses of ($208,400) and SVA projects fundraising expense of ($77,282).

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IRS990/Desc0Code: 711130-Music Programs: The St. Louis Symphony is dedicated to upholding a long and rich tradition of great music. Since 1880, the organization has entertained several generations of individuals in various concert halls, public parks, schools, churches and elsewhere. Nearly 250,000 people attend live music presentations every year; with an additional 610,000 (estimated) listening to the Symphony via radio, internet and television broadcasts. In addition to the concerts at Powell Hall, more than one-third of the organization's audiences hear musicians perform at parks, schools, churches and other venues throughout the region. In addition, more than 27% of the total audience for all the performances during the year pays little or nothing to hear those performances. The organization's best-known educational programs are its three series of education concerts in Powell Hall, which began in the 1920s and today serve over 26,000 students annually. In addition to educating and entertaining youngsters at Powell Hall, the musicians make nearly 115 visits to local schools each season. Many of these visits occur through the E. Desmond Lee Fine Arts Education Collaborative, a partnership with the University of Missouri-St Louis (UMSL), twelve local arts organizations, (Continued on Schedule O, Statement 1)
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$212$68.5$144$45.2$32.2$13.0
2023Summary only. Only limited summary data is available for this year.$187$56.0$131$52.2$32.3$20.0
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$119$6.38$112$74.6$31.4$43.2
2021Summary only. Only limited summary data is available for this year.$77.7$8.01$69.6$61.3$32.0$29.3
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.9$15.6$37.3$42.3$28.0$14.4
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.3$12.3$23.0$39.2$29.4$9.81
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.6$10.3$15.3$31.9$30.2$1.69
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.0$11.5$17.5$33.5$30.0$3.47
2016Detailed filing. Detailed filing data is available for this year.$61.3$18.7$42.6$42.9$29.0$13.9
2015Detailed filing. Detailed filing data is available for this year.$49.6$14.5$35.1$39.8$27.9$11.9
2014Detailed filing. Detailed filing data is available for this year.$49.2$12.3$36.9$58.4$27.9$30.4
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.9$11.6$14.3$29.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.9$14.7$23.3$26.6
2011Summary only. Only limited summary data is available for this year.$28.8$11.6$17.2$27.0$26.3$0.70
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.1$13.6$15.5$25.7
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $25M-$50M nonprofits