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
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Financial Vulnerability Assessment (Tuckman-Chang)

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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 the making of music consonant with the highest aspirations of the musical art, creating performances and providing educational and training programs at the highest level of excellence.

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Trantor Score

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

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

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

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Liquidity & Cash Position

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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
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
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