CHARLESTON SYMPHONY ORCHESTRA

EIN: 576000192 501(c)(3) Arts, Culture & Humanities

CHARLESTON, SC

Total Revenue
$5,120,173
Total Expenses
$4,931,970
Total Assets
$10,727,469
Net Assets
$8,783,570
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Financial Trends

Organization Details

Formation Year
1936
Legal Domicile
SC
Principal Officer
MICHAEL A SMITH
Phone
8437237528
Tax Period
2023-07-01 to 2024-06-30

CHARLESTON SYMPHONY ORCHESTRA, founded in 1936, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.1M in total revenue in fiscal year 2023. Expenses of $4.9M left a modest 4% surplus.

Mission

THE CHARLESTON SYMPHONY'S MISSION IS TO INSPIRE AND ENGAGE THE COMMUNITY THROUGH EXCEPTIONAL MUSICAL PERFORMANCES AND EDUCATIONAL PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $3,423,630 Revenue: $2,062,923

THE SYMPHONY'S 2023-2024 SEASON, THEMED "MUSIC FOR EVERYONE," FEATURED A REMARKABLE LINEUP OF INTERNATIONALLY ACCLAIMED GUEST CONDUCTORS AND WORLD-RENOWNED VISITING ARTISTS. FROM LEGENDARY CONDUCTORS...

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THE SYMPHONY'S 2023-2024 SEASON, THEMED "MUSIC FOR EVERYONE," FEATURED A REMARKABLE LINEUP OF INTERNATIONALLY ACCLAIMED GUEST CONDUCTORS AND WORLD-RENOWNED VISITING ARTISTS. FROM LEGENDARY CONDUCTORS LIKE THOMAS WILKINS, CARL ST. CLAIR, GERARD SCHWARZ, TITO MUOZ, AND LINA GONZLEZ-GRANADOS TO SUPERSTAR GUEST MUSICIANS SUCH AS MICHELLE CANN, PINCHAS ZUKERMAN, MAXIM LANDO, AND SARA DAVIS BUECHNER, THE SEASON CONTINUED TO ELEVATE THE SYMPHONY AS A TOP-TIER ARTS AND CULTURAL DESTINATION. WITH SENSATIONAL PROGRAMMING, INCLUDING WORKS BY PRICE, BRUCKNER, BRAHMS, MARSALIS, VERDI, THE SEASON SHOWCASED INCREDIBLE REPERTOIRE, AND LARGER ORCHESTRAL SOUNDS ELEVATED THE SYMPHONY TO NEW HEIGHTS. THE SYMPHONY'S COMMITMENT TO ARTISTIC EXCELLENCE RESULTED IN RECORD SUBSCRIPTION AND SINGLE TICKET REVENUE.IN FEBRUARY 2024, THE SYMPHONY COLLABORATED WITH CHABAD OF CHARLESTON TO PRESENT "AN EVENING WITH ITZHAK PERLMAN." FOR ONE NIGHT, OUR COMMUNITY EXPERIENCED THIS RARE OPPORTUNITY TO HEAR THE LEGENDARY VIOLINIST, ITZHAK PERLMAN, PERFORM AND CONDUCT THE SYMPHONY. THIS SPECIAL PERFORMANCE SOLD OUT IN LESS THAN THREE WEEKS.

Program 2
Expenses: $475,045 Revenue: $38,707

THE CSO REMAINS COMMITTED TO PRESENTING THE HIGHEST-QUALITY MUSICAL EXPERIENCES AND PROVIDING DIRECT ACCESS TO THE ARTS FOR OUR COMMUNITY'S CHILDREN, THEREBY NARROWING THE GAP OF EDUCATIONAL...

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THE CSO REMAINS COMMITTED TO PRESENTING THE HIGHEST-QUALITY MUSICAL EXPERIENCES AND PROVIDING DIRECT ACCESS TO THE ARTS FOR OUR COMMUNITY'S CHILDREN, THEREBY NARROWING THE GAP OF EDUCATIONAL OPPORTUNITY FOR OVER 20,000 STUDENTS ACROSS THE LOWCOUNTRY EACH SEASON. THE CSO IS PROUD TO OFFER MULTIPLE OPPORTUNITIES FOR EDUCATIONAL ENGAGEMENT, WITH A SPECIAL EMPHASIS ON PROVIDING FREE OR LOW-COST PROGRAMMING TO PROMOTE ACCESS TO INSPIRATIONAL EDUCATION THROUGH MUSIC. EACH YEAR, SMALL ENSEMBLES OF CSO MUSICIANS TRAVEL DIRECTLY TO SCHOOLS ACROSS THE TRI-COUNTY AREA TO PRESENT CHAMBER MUSIC CONCERTS AND INSTRUMENTAL DEMONSTRATIONS FREE OF CHARGE THROUGH THE "MUSIC IN SCHOOLS" PROGRAM. DURING THE 2023-24 SCHOOL YEAR, STUDENTS ALSO HAD THE OPPORTUNITY TO ATTEND "YOUNG PEOPLE'S CONCERTS" AT THE GAILLARD CENTER IN PARTNERSHIP WITH CARNEGIE HALL FOR A HIGHLY ENGAGING AND INTERACTIVE PROGRAM OF FULL-SCALE SYMPHONIC MUSIC.IN ADDITION TO THESE PROGRAMS, THE CHARLESTON SYMPHONY YOUTH ORCHESTRA (CSYO) OPERATES YEAR-ROUND AS ONE OF THE CSO'S MOST IMPACTFUL INITIATIVES IN THE DEVELOPMENT OF YOUNG MUSICIANS. THIS ESTEEMED ENSEMBLE PROVIDED MIDDLE AND HIGH SCHOOL STUDENTS WITH RICH MUSICAL EXPERIENCES THROUGH INTERACTIONS AND INTENSIVE COACHING WITH CSO MUSICIANS THROUGHOUT THE SEASON. THE CHARLESTON SYMPHONY YOUTH SINFONIETTA (CSYS) IS A STRING ORCHESTRA THAT INTEGRATES WIND AND BRASS SECTIONS IN EACH CONCERT CYCLE, PREPARING YOUNGER MUSICIANS FOR THE MORE ADVANCED CSYO. THIS YEAR, THE PROGRAM SERVED OVER 100 STUDENTS FROM GRADES 3-12, WHO PERFORMED THREE CONCERTS AT THE CHARLESTON GAILLARD CENTER AND A FINAL CONCERT AT THE MUSIC HALL DURING THE PICCOLO SPOLETO FESTIVAL. THE CSYO AND CSYS WERE ALSO FEATURED IN A SYMPHONY MASTERWORKS PERFORMANCE, PROVIDING STUDENTS WITH THE LIFE-CHANGING EXPERIENCE OF PERFORMING ALONGSIDE PROFESSIONAL MUSICIANS OF THE SYMPHONY ON THE GAILLARD STAGE, CONDUCTED BY MAESTRO GERARD SCHWARZ.FURTHERMORE, THE SYMPHONY CONTINUED ITS PARTNERSHIP WITH THE COLLEGE OF CHARLESTON FOR THE THIRD YEAR OF THE EXECUTIVE FELLOWSHIP PROGRAM AND INTRODUCED THE SECOND SEASON OF THE ORCHESTRAL FELLOWSHIP. THIS YEAR, FIVE MUSICIANS, ALONG WITH TWO EXECUTIVE FELLOWS, WERE SELECTED THROUGH A RIGOROUS PROCESS TO JOIN THE SYMPHONY. THE PROGRAM OFFERSPERSONAL AND PROFESSIONAL DEVELOPMENT FOR EMERGING NONPROFIT ARTS LEADERS AND MUSICIANS. THIS SEASON, THE FELLOWS PARTICIPATED IN A VARIETY OF SYMPHONY ACTIVITIES, INCLUDING MAIN SERIES PERFORMANCES, EDUCATION AND COMMUNITY PROJECTS, AND THE FELLOWSHIP SHOWCASE. THE SYMPHONY REMAINS DEDICATED TO PROVIDING CULTURALLY RELEVANT PROGRAMMING THAT RESONATES WITH DIVERSE AUDIENCES.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,782,434
Program Service Revenue $2,101,630
Investment Income $202,143
Other Revenue $33,966
TOTAL REVENUE $5,120,173

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,947,786
Fundraising Expenses $496,223
Program Expenses $3,898,675
Other Expenses $1,984,184
TOTAL EXPENSES $4,931,970

Year-over-Year Comparison

2023 2022 Change
Revenue $5,120,173 $5,363,939 0.0%
Expenses $4,931,970 $4,529,774 +0.1%
Net Income $188,203 $834,165 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
26
Independent Members
26
Employees
293
Volunteers
200

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
7
$175,468
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD HART DIRECTOR 1.00
Director
$0 $0 $0
PATRICK ILDERTON DIRECTOR 1.00
Director
$0 $0 $0
TAYLOR CHARPIA DIRECTOR 1.00
Director
$0 $0 $0
CLYDE HIERS DIRECTOR 1.00
Director
$0 $0 $0
NATALIE HAM DIRECTOR 1.00
Director
$0 $0 $0
JODI RUSH DIRECTOR 1.00
Director
$0 $0 $0
GERALD TANENBAUM DIRECTOR 1.00
Director
$0 $0 $0
KAY MAYBANK DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL MOODY DIRECTOR 1.00
Director
$0 $0 $0
CYNTHIA MABRY DIRECTOR 1.00
Director
$0 $0 $0
TRACY GROOMS DIRECTOR 1.00
Director
$0 $0 $0
ELLEN DAVIS DIRECTOR 1.00
Director
$0 $0 $0
RENARD HARRIS DIRECTOR 1.00
Director
$0 $0 $0
ANNE OLSON DIRECTOR 1.00
Director
$0 $0 $0
DR SHARESE PEARSON-BUSH DIRECTOR 1.00
Director
$0 $0 $0
TIFFANY REED SILVERMAN DIRECTOR 1.00
Director
$0 $0 $0
GAIL CORVETTE DIRECTOR 1.00
Director
$0 $0 $0
STUART AMES DIRECTOR 1.00
Director
$0 $0 $0
ANNE W CLEVELAND DIRECTOR 1.00
Director
$0 $0 $0
DR AARON P LESHER DIRECTOR 1.00
Director
$0 $0 $0
CHRIS STAUBES DIRECTOR 1.00
Director
$0 $0 $0
RAJAN GOVINDAN TREASURER 1.00
Officer
$0 $0 $0
DR BOBBY BAKER PRESIDENT 1.00
Officer
$0 $0 $0
DAVID SAVARD VICE PRESIDENT 1.00
Officer
$0 $0 $0
MICHAEL A SMITH CHIEF EXECUTIVE OFFICER 60.00
Officer
$162,500 $12,968 $175,468
SUSAN SULLIVAN SECRETARY 1.00
Officer
$0 $0 $0
JERRY EVANS VICE PRESIDENT 1.00
Officer
$0 $0 $0
WENDI HUFF VICE PRESIDENT 1.00
Officer
$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 $5,120,173 $4,931,970 $10,727,469 $188,203
2023 $5,363,939 $4,529,774 $9,676,718 $834,165
2022 $9,194,585 $3,888,659 $8,106,651 $5,305,926
2021 $3,884,009 $2,821,523 $3,900,208 $1,062,486
2020 $3,546,964 $3,670,402 $2,650,180 $-123,438
2019 $3,571,845 $3,595,246 $2,506,022 $-23,401
2018 $3,634,175 $3,570,537 $2,452,958 $63,638
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