BOSTON SYMPHONY ORCHESTRA INC

EIN: 042103550 501(c)(3) Arts, Culture & Humanities

Boston, MA

Total Revenue
$117,090,967
Total Expenses
$123,724,110
Total Assets
$680,310,474
Net Assets
$618,378,488
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1918
Legal Domicile
MA
Principal Officer
Chad Smith
Phone
6172661492
Tax Period
2023-09-01 to 2024-08-31

BOSTON SYMPHONY ORCHESTRA INC, founded in 1918, is a major nonprofit in the Arts, Culture & Humanities sector that reported $117.1M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Net assets of $618.4M represent 63 months of operating reserves.

Mission

The mission of the Boston Symphony Orchestra (BSO) is to foster and maintain an organization dedicated to making music consonant with the highest aspirations of the musical art, creating performances and providing educational and training programs at the highest level of excellence.

Program Service Accomplishments

Program 1
Expenses: $78,309,968 Revenue: $45,530,363

Orchestral Music Programs: Internationally recognized as one of the finest orchestras, the BSO is one of the largest orchestral organizations in the world as measured by scope of its operations...

Read more

Orchestral Music Programs: Internationally recognized as one of the finest orchestras, the BSO is one of the largest orchestral organizations in the world as measured by scope of its operations. Within the U.S., it is the fourth-largest performing arts institution. Between October 5, 2023, and May 4, 2024, the Boston Symphony Orchestra gave more than 80 concerts in Symphony Hall for 159,787 audience members that included BSO commissions, overlooked works from the past, and central works of the classical canon, speaking to the breadth of human experience. Soloists included Yo-Yo Ma, Aaron Diehl, Yefim Bronfman, Paul Lewis, Yuja Wang, and Hilary Hahn as well as diverse rising stars who included saxophonist Steven Banks, tenor Lawrence Brownlee, Sphinx award winning violinist Randall Goosby, Venezuelan conductor Domingo Hindoyan, and Korean pianists Seong-Jin Cho and 19-year-old Yunchan Lim, the youngest winner of the Van Cliburn International Piano prize. The BSO elevated important living composers including Carlos Simon, Roberto Sierra, Tania León, Elena Langer, Iman Habibi, James Lee III, Hannah Kendall, and Anna Thorvaldsdottir with works that explored climate change and struggles for social justice in the U.S. and abroad. Highlights included Paul Lewis performing all five Beethoven's piano concertos in a three-day marathon; Yo-Yo Ma gave all-out performances of Shostakovich's Cello concerto No. 1 and No 2, and the BSO completed its ten-year investigation of Shostakovich's major works with an acclaimed concert performance of his opera Lady Macbeth of Mtsensk in Boston and at Carnegie Hall, and the BSO gave a memorial tribute to jazz great Wayne Shorter, which the Boston Globe called "one of the most unforgettable, extraordinary, and joyous BSO concerts I have ever experienced." Throughout the year, the BSO celebrated Serge Koussevitzky and his enduring legacy as the former Music Director of the orchestra. Boston Pops concerts offered a wide range of musical expressions from sold out celebrations of John Williams to Gospel, Broadway, music of Queen, its first Pride celebration, and a commemoration in music and archival photos and videos of the final months of World War II in a program that was broadcast in November on many PBS stations. Attendance at the ever-popular Holiday Pops concerts grew 22% from the year before with 92,876 people attending 39 performances. Tanglewood's natural beauty once again created an extraordinary backdrop for experiencing music drawing 328,000 people from around the country and across the globe. Highlights included all-Beethoven and all-Strauss programs, a performance with dancers from Boston Ballet, the return of Yo-Yo Ma, Yuja Wang, Renée Fleming, Paul Lewis, and Emanuel Ax. Gustavo Dudamel led the National Children's Symphony of Venezuela and the baroque ensemble Les Arts Florissants performed. Jon Batiste, Brandi Carlisle, James Taylor, and Kool & the Gang were among the Popular Artist performers.

Program 2
Expenses: $3,696,470 Revenue: $476,491

Education and community programs are integral to the BSO's mission. In Boston: 3,700 high school students attended one of the BSO's High School Open Rehearsals, giving them and their teachers a rare...

Read more

Education and community programs are integral to the BSO's mission. In Boston: 3,700 high school students attended one of the BSO's High School Open Rehearsals, giving them and their teachers a rare opportunity to watch as a work-in-progress became a work of art, exposing students to a powerful artistic experience. Symphony Hall was bursting with students during an open rehearsal where Yo-Yo Ma performed Shostakovich's Cello Concerto No. 1 and No. 2. The BSO's three Youth Concerts engaged 5,533 third - ninth grade students from Boston and well beyond. The orchestra performed excerpts by Beethoven, Tchaikovsky, and William Grant Still as Conductor Thomas Wilkins talked about friendship, and the importance of listening and of being heard. The students felt his warmth radiate from the stage as he communicated, "this music is for you. This orchestra is here for you." They responded in kind. Each concert ended with a rousing standing ovation. To honor veterans, the Boston Pops gave a free Holiday Pops Military Preview performance for more than 2,000 veterans, their families, and active service members, filling the Hall with a joy and sending a powerful message of appreciation for these men and women. This realization of one of Keith Lockhart's dreams will become an annual offering. The Pops gave a Holiday Pops performance for people with autism and those who care for them. The BSO made many accommodations to welcome this population so they and their loved one could share a quintessential New England tradition as a family. Musicians of the Boston Pops brought holiday cheer to patients at Boston Children's Hospital. 1,360 people from across Boston gathered as Symphony Hall opened its doors for a free Concert for the City that began with a celebration of local musicians performing before the concert and a performance by Boston Symphony Orchestra led by Andris Nelsons, Keith Lockhart, Thomas Wilkins, and James Burton-highlighting the orchestra's range and skill. The BSO forged connections with Boston Arts Academy, Project STEP, the Greater Roxbury Arts and Cultural Center, and in the Berkshires with Multi-Cultural Bridge, Kid 4 Harmony, and Latina413 and continued to work with Boston Public Schools and the Berkshires Superintendents Roundtable. Throughout the year, approximately 20,000 children, high school and college students, adults under the age of 40, veterans, MA public school teachers, health care workers, and people who are eligible for public benefits were able to attend concerts thanks to free and discounted tickets. At Tanglewood:Founded in 1940, the Tanglewood Music Center (TMC), the BSO's summer music academy welcome 133 Fellows from 31 U.S. states including Puerto Rico and 17 countries. During eight weeks, the TMC Fellows benefitted from coaching by 108 instructors who were BSO players, visiting artists, and TMC faculty as they prepared for more than 30 chamber and orchestra concerts. TMC Orchestra concerts were conducted by Andris Nelsons, Dima Slobodeniouk, Alan Gilbert, and Stefan Asbury. The two Conducting Fellows stepped in when Hannu Lintu canceled his appearance with the TMC Orchestra on August 19 due to an injury. In summer 2024, the Tanglewood Learning Institute (TLI) presented 39 programs last summer and three community concerts during the fall/winter/spring. These programs created opportunities for people to discover and connect with various artforms and to discover a sense of belonging at Tanglewood. Summer programs included a new series that brought families with young children to Tanglewood for an arts-rich experience that was offered in partnership with Norman Rockwell Museum and WBUR's Circle Round. TLI also programmed a new six-part series: The Art of Conducting where audiences gained an inside look at how conductors think about and teach their craft. Conductors Andris Nelsons, Dima Slobodeniouk, and Thomas Wilkins one worked closely with the two TMC conducting Fellows giving immediate and hands-on guidance on how to communicate clearly to a small ensemble of TMC musicians. In TLI's series of open master classes, audiences saw how musicians at the top of their form share their knowledge with a new generation. Talks with guest artists illuminated their creative process and their approach to the repertoire they were preparing to perform. Other offerings included a look at cabaret, and programs that probed in music what it means to be an American performed by Johnny Gandelsman, Jeremy Denk, and Nicholas Phan. The Spotlight Series brought Henry Louis Gates, poet Tracy K. Smith, and technology writer David Pogue to Lenox for compelling conversations. 2,475 people enjoyed Tanglewood's Family Concert conducted by Thomas Wilkins. Nearly 10,000 youth under age 18 attended concerts for free and 2,000 people enjoyed free events such as Berkshire Night.

Program 3
Expenses: $17,070,123 Revenue: $3,649,088

The BSO's two main properties, Symphony Hall and Tanglewood, have long and significant histories and attract visitors from near and far. Symphony Hall's acoustic qualities have earned it a place...

Read more

The BSO's two main properties, Symphony Hall and Tanglewood, have long and significant histories and attract visitors from near and far. Symphony Hall's acoustic qualities have earned it a place among the top concert auditoriums in the world, a fact underscored by the Hall's 1999 designation as a National Historic Landmark. Symphony Hall resonates with more than a century of performances by key artists. It is also a key performance venue for a number of other ensembles and presenters, including the Handel and Haydn Society, the Celebrity Series of Boston, Boston Speakers Series, and the Boston Youth Symphony Orchestra. The Hall seats 2,625. The organization spent $2.2 million in maintenance projects at Symphony Hall. Located in the Berkshire hills of Lenox, Massachusetts and established in 1936 by then-Music Director Serge Koussevitzky, Tanglewood is the summer home of the BSO. Its performance venues-Koussevitzky Music Shed, Seiji Ozawa Concert Hall, and Linde Center-and 80 ancillary buildings are located on 425 pastoral acres. Built in 1938, the Koussevitzky Music Shed is a seasonal hall open on three sides with 5,121 seats and can seat an additional 12,000 on the surrounding lawn. Opened in 1994, Seiji Ozawa Hall is a brick and wood structure that provides a more intimate concert experience and is often used for chamber concerts and for performances by the Tanglewood Music Center. It seats 750 audience members on the orchestra level and 450 in the two balconies, as well as hundreds more on the lawn. The BSO invested approximately $2.9m maintaining Tanglewood including maintenance of support buildings and landscaping and grounds maintenance. Rentals: When not being used by the orchestra, the BSO rents its facilities at Tanglewood and Symphony Hall to others including Celebrity Series, Handel and Haydn Society, Boston Speakers Series, to name a few. Local high schools and Berkshire Community College use the Koussevitzky Shed for graduations and community groups, including the Stockbridge Library and Austin Riggs use Tanglewood's Linde Center during the fall, winter, and spring.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $37,094,136
Program Service Revenue $46,687,116
Investment Income $25,818,883
Other Revenue $7,490,832
TOTAL REVENUE $117,090,967

Expense Breakdown

Grants Paid $40,000
Salaries & Benefits $63,941,333
Fundraising Expenses $7,238,588
Program Expenses $99,120,888
Other Expenses $59,370,134
TOTAL EXPENSES $123,724,110

Year-over-Year Comparison

2023 2022 Change
Revenue $117,090,967 $93,229,092 +0.3%
Expenses $123,724,110 $110,636,685 +0.1%
Net Income $-6,633,143 $-17,407,593 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
43
Independent Members
43
Employees
949
Volunteers
1043

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$689,182
Total Directors
44
$0
Key Employees
1
$452,033
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gail Samuel Former President and CEO 0
$1,706,083 $11,112 $1,717,195
Jeffrey Dunn Former President & CEO 0
$561,491 $39,497 $600,988
Maureen Flores Chief Development Officer 40
Key Emp
$410,826 $41,207 $452,033
Chad Smith President & Chief Executive Officer 50
Officer
$368,806 $5,843 $374,649
John A Ferrillo Jr Principal Oboe 40
Highest
$338,377 $33,324 $371,701
Alexander Velinzon Associate Concertmaster 40
Highest
$333,147 $36,857 $370,004
Toby Oft Principal Trombone 40
Highest
$305,176 $55,868 $361,044
Richard Sebring Principal Horn 40
Highest
$320,184 $33,477 $353,661
Timothy Genis Timpani 40
Highest
$346,655 $1,650 $348,305
Katherine Decelles Clerk of the Board (until April 2024) 40
Officer
$213,174 $19,129 $232,303
Paul Eric Krauss Chief Financial Officer 40
Officer
$71,104 $11,126 $82,230
Noubar Afeyan Trustee 2
Director
$0 $0 $0
David Altshuler Trustee 2
Director
$0 $0 $0
Holly Ambler Trustee 2
Director
$0 $0 $0
William N Booth Trustee 2
Director
$0 $0 $0
Gregory E Bulger Trustee 2
Director
$0 $0 $0
Ronald G Casty Trustee 2
Director
$0 $0 $0
Susan Bredhoff Cohen Trustee 2
Director
$0 $0 $0
Richard F Connolly Jr Trustee 2
Director
$0 $0 $0
Angela Q Crispi Trustee 2
Director
$0 $0 $0
William Curry MD Trustee 2
Director
$0 $0 $0
Phillip J Edmundson Trustee 2
Director
$0 $0 $0
Thomas E Faust Jr Trustee 2
Director
$0 $0 $0
Todd R Golub Trustee 2
Director
$0 $0 $0
Michael Gordon Trustee 2
Director
$0 $0 $0
Reverend Dr Ray Hammond Trustee 2
Director
$0 $0 $0
Nathan Hayward III Trustee 2
Director
$0 $0 $0
Ricki Tigert Helfer Trustee 2
Director
$0 $0 $0
Brent L Henry Trustee 2
Director
$0 $0 $0
Albert A Holman III Trustee 2
Director
$0 $0 $0
Barbara W Hostetter Chair 2
Officer Director
$0 $0 $0
David C Howse Trustee 2
Director
$0 $0 $0
Giselle J Joffre Trustee 2
Director
$0 $0 $0
Stephen W Kidder Trustee 2
Director
$0 $0 $0
Tom Kuo Trustee 2
Director
$0 $0 $0
Jeffrey Leiden MD PhD Trustee 2
Director
$0 $0 $0
Joyce G Linde Trustee (until March 2024) 2
Director
$0 $0 $0
John M Loder Vice Chair 2
Officer Director
$0 $0 $0
Nancy K Lubin Trustee 2
Director
$0 $0 $0
Joshua A Lutzker Treasurer 2
Officer Director
$0 $0 $0
Pamela L Peedin Trustee 2
Director
$0 $0 $0
Steven R Perles Trustee 2
Director
$0 $0 $0
Lina S Plantilla MD Trustee 2
Director
$0 $0 $0
Andrew S Plump Trustee 2
Director
$0 $0 $0
Wendy Shattuck Trustee 2
Director
$0 $0 $0
Nicole M Stata Trustee 2
Director
$0 $0 $0
Theresa M Stone Trustee 2
Director
$0 $0 $0
Caroline Taylor Trustee 2
Director
$0 $0 $0
Dr Christoph Westphal Trustee 2
Director
$0 $0 $0
D Brooks Zug Trustee 2
Director
$0 $0 $0
Blair Trippe Trustee, ex-officio 2
Director
$0 $0 $0
Ted Berk Trustee, ex-officio 2
Director
$0 $0 $0
Lynn A Dale Trustee 2
Director
$0 $0 $0
Sean C Rush Trustee 2
Director
$0 $0 $0
M Lee Pelton Trustee 2
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $117,090,967 $123,724,110 $680,310,474 $-6,633,143
2023 $93,229,092 $110,636,685 $653,461,654 $-17,407,593
2022 $116,038,188 $98,574,259 $654,476,272 $17,463,929
2021 $89,872,398 $64,012,623 $745,262,219 $25,859,775
2020 $92,537,202 $82,833,685 $625,657,259 $9,703,517
2019 $95,876,005 $109,772,097 $593,071,088 $-13,896,092
2018 $110,596,695 $105,633,470 $609,309,578 $4,963,225
Explore More Nonprofits
Top 100 Nonprofits in Massachusetts Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare BOSTON SYMPHONY ORCHESTRA INC with other nonprofits in Massachusetts and across the country.