NEW BEDFORD SYMPHONY ORCHESTRA ASSOCIATION INC

EIN: 042658082 501(c)(3) Arts, Culture & Humanities

NEW BEDFORD, MA

Total Revenue
$2,252,147
Total Expenses
$1,978,974
Total Assets
$6,473,824
Net Assets
$6,385,010
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
MA
Principal Officer
DAVID PRENTISS
Phone
5089996276
Tax Period
2024-09-01 to 2025-08-31

NEW BEDFORD SYMPHONY ORCHESTRA ASSOCIATION INC, founded in 1958, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $2.0M left a modest 12% surplus.

Mission

THE MISSION OF THE NEW BEDFORD SYMPHONY ORCHESTRA IS TO PLACE THE WORLD'S FINEST SYMPHONIC MUSIC AT THE CENTER OF THE CULTURAL LIFE OF THE SOUTH COAST AND TO WORK WITH OTHERS TO BRING CLASSICAL AND OTHER MUSIC INTO THE LIVES OF EVERYONE IN THEIR COMMUNITY. THE ORGANIZATION ENRICHES THE LIVES OF ADULTS AND CHILDREN THROUGH THE TRANSFORMING POWER OF GREAT MUSIC. THE ORGANIZATION PRESENTS PASSIONATE AND ENGAGING CONCERTS AT THE HIGHEST LEVEL OF PROFESSIONAL STANDARDS AND PROVIDES EDUCATIONAL PROGRAMS FOR PEOPLE OF ALL AGES THAT DEEPEN THEIR ENJOYMENT OF MUSIC AND MAKE IT A PART OF THEIR DAILY LIVES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,553,800
Program Service Revenue $355,825
Investment Income $278,748
Other Revenue $63,774
TOTAL REVENUE $2,252,147

Expense Breakdown

Grants Paid $0
Salaries & Benefits $710,236
Fundraising Expenses $251,591
Program Expenses $1,435,183
Other Expenses $1,268,738
TOTAL EXPENSES $1,978,974

Year-over-Year Comparison

2024 2023 Change
Revenue $2,252,147 $1,915,830 +0.2%
Expenses $1,978,974 $1,732,687 +0.1%
Net Income $273,173 $183,143 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
14
Employees
232
Volunteers
N/A

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
4
$136,764
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANET COQUILLETTE TRUSTEE 2.00
Director
$0 $0 $0
KEVIN HAMILTON TRUSTEE 2.00
Director
$0 $0 $0
SUSAN LECLAIR CLERK 2.00
Officer Director
$0 $0 $0
LAURA PARDEE SCHAEFER TRUSTEE 2.00
Director
$0 $0 $0
ERIC HUBER TRUSTEE 2.00
Director
$0 $0 $0
DR ALBERT J FOX TRUSTEE 2.00
Director
$0 $0 $0
SUSAN MEAD TRUSTEE 2.00
Director
$0 $0 $0
EDWARD OTTENSMEYER TRUSTEE 2.00
Director
$0 $0 $0
GEOFF SWETT TREASURER 2.00
Officer Director
$0 $0 $0
SANDRIA R PARSONS TRUSTEE/BOARD CHAIR 2.00
Officer Director
$0 $0 $0
DR ALVIN MARCOVICI TRUSTEE 2.00
Director
$0 $0 $0
RAINA LAMADE TRUSTEE 2.00
Director
$0 $0 $0
MARGOT STONE TRUSTEE 2.00
Director
$0 $0 $0
TBLAIR TAYLOR TRUSTEE 2.00
Director
$0 $0 $0
DAVID PRENTISS PRESIDENT/CEO 40.00
Officer
$136,764 $0 $136,764
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 $2,252,147 $1,978,974 $6,473,824 $273,173
2024 $1,915,830 $1,732,687 $5,893,237 $183,143
2023 $1,712,888 $1,638,528 $5,150,292 $74,360
2022 $2,823,621 $1,467,429 $4,865,407 $1,356,192
2021 $1,443,252 $1,115,125 $4,441,277 $328,127
2020 $1,309,490 $1,092,775 $3,647,272 $216,715
2019 $1,185,254 $1,123,194 $2,839,784 $62,060
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