Overview
What is Boston Symphony Orchestra Inc?
The Boston Symphony Orchestra Inc, based in Boston, Massachusetts, is a renowned orchestral organization known for its world-class performances. With over 794 employees, it ranks among the largest performing arts institutions in the United States. Between September 2021 and April 2022, the BSO presented 79 concerts in Symphony Hall, attracting over 130,000 audience members. The orchestra supports living composers by performing premieres and works by various artists, blending classical and contemporary music. It also emphasizes vocal music programming, collaborating with the Tanglewood Festival Chorus for productions. The BSO's mission is to foster and maintain a musical organization committed to creating performances and educational programs of the highest caliber. The nonprofit organizes various events throughout the year, including holiday performances and summer music festivals at Tanglewood.
Official website here: www.bso.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Boston Symphony Orchestra Inc has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The high score, particularly in the Accountability & Finance category, indicates that the organization demonstrates robust financial health and transparency, enabling stakeholders to trust its operations.
One of the organization's key strengths is its independent board structure, comprising 100% independent members, which enhances governance. The orchestra also maintains a strong financial oversight framework, as evidenced by its effective audit and oversight committee and solid management of assets with no material diversions reported. The organization’s policies on conflict of interest, whistleblower protections, and document retention are well established, contributing to its high accountability score.
Despite its strengths, the rating primarily reflects financial metrics without an evaluation of broader impact or program effectiveness. While the program expense ratio is commendable at 77.78%, providing insight into how funds are allocated, users may want to seek additional information about specific programs and their outcomes to get a complete picture of the orchestra's impact within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Boston Symphony Orchestra Inc legitimate?
Boston Symphony Orchestra Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boston Symphony Orchestra Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,517,879
Professional Fundraising Fees: $302,272
Other Salaries and Wages: $38,886,323
For more financial information, click here
Official website here: www.bso.org
What is the mission statement of Boston Symphony Orchestra Inc?
The Boston Symphony Orchestra (BSO) is committed to cultivating an organization that upholds the highest standards of musical art. With a dedication to excellence, the BSO produces performances and offers educational and training programs that reflect the loftiest aspirations of the musical world. Between September 2021 and April 2022, the BSO presented 79 concerts for over 130,000 attendees, featuring world and American premieres, vocal music programming, and collaborations with renowned artists. The orchestra's mission was exemplified through various performances that resonated with the moment, such as a program of Baltic and Russian music following Russia's invasion of Ukraine. The BSO's Summer at Tanglewood brought an additional 289,810 people together for a unique musical experience, with celebrated conductors and guest artists gracing the stage.
Official website here: www.bso.org
Who is the CEO of Boston Symphony Orchestra Inc?
Jeffrey Dunn is the Principal Officer of Boston Symphony Orchestra Inc. The CEO's salary of Boston Symphony Orchestra Inc is $407,197 and their total compensation is $442,055.
Official website here: www.bso.org
What is the revenue of Boston Symphony Orchestra Inc?
Boston Symphony Orchestra Inc's revenue in 2022 was $116,038,188.
Official website here: www.bso.org
Who are the executives of Boston Symphony Orchestra Inc and what are their salaries?
The average compensation at Boston Symphony Orchestra Inc during 2022 was $50,887. There are 794 employees and 982 volunteers at Boston Symphony Orchestra Inc.
Here are 51 key members and their salaries (Boston Symphony Orchestra Inc's CEO's salary is $407,197 and their total compensation is $442,055):
- Compensation: $954,285
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- Other: $21,286
- Compensation: $407,197
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Official website here: www.bso.org
Where can I find the form 990 for Boston Symphony Orchestra Inc?
Boston Symphony Orchestra Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bso.org
Learn more at the official website: www.bso.org
Mission Statement of Boston Symphony Orchestra Inc
The Boston Symphony Orchestra Inc, a renowned musical organization, is committed to maintaining an institution that embodies the highest standards of musical art. Dedicated to creating exceptional performances, this esteemed orchestra is a leading force within the global musical community. With a substantial scale of operations in the United States, it ranks among the top performing arts institutions.
Throughout the season spanning September 30, 2021, to April 30, 2022, the Boston Symphony Orchestra staged an impressive 79 concerts that captivated more than 130,000 audience members. Committed to fostering living composers, they performed numerous world and American premieres, including works by HK Gruber, Jorg Widmann, Unsuk Chin, Bernard Rands, Augusta Read Thomas, Michael Gandolfi, and Kaija Saariaho. The orchestra continued its Grammy award-winning Shostakovich recording cycle with Deutsche Grammophon, and through their music, they resonated deeply with the moment, as seen in their powerful performance following Russia's invasion of Ukraine.
Additionally, the Boston Symphony Orchestra re-engaged with ambitious vocal music programming through collaborations with the Tanglewood Festival Chorus. They presented a rich variety of musical experiences, from film nights and Broadway music to gospel and Duke Ellington, and welcomed guest artists such as Lara Downes, Christopher Jackson, and Smokie Norful. Their summer season at Tanglewood in Lenox, MA, attracted 289,810 visitors, showcasing the unique appeal of experiencing music in nature.
The Boston Symphony Orchestra's mission extends beyond performances, as they are also dedicated to providing educational and training programs at the highest level of excellence. Through their music, they continue to inspire and captivate audiences, solidifying their reputation as a leading force in the world of orchestral music.
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Impact
October, 2024
The Boston Symphony Orchestra (BSO) profoundly impacts the cultural landscape both locally and internationally by delivering exceptional orchestral music and nurturing musical talent. As one of the largest and most esteemed orchestras globally, the BSO performs a range of programs that resonate with diverse audiences, consistently pushing the boundaries of musical excellence.
During the 2021-2022 season, the BSO reached over 130,000 concertgoers through 79 performances in Symphony Hall. The orchestra showcased contemporary composers by presenting new works and premieres, thereby supporting living artists and enriching the concert repertoire. Notably, the BSO's commitment to innovative programming included significant vocal music performances in collaboration with the Tanglewood Festival Chorus, reminding audiences of the power of classic compositions.
The BSO also stands as a cultural beacon during challenging times, exemplified by their deeply moving concert performed shortly after the onset of the conflict in Ukraine, which provided a poignant reflection on the power of music. Their festive concerts, like the 34 Holiday Pops performances, reached over 100,000 attendees, infusing the community with seasonal joy and celebratory spirit through accessible programming.
Tanglewood, the BSO's summer home, attracted nearly 290,000 visitors for a festival of 104 concerts, blending nature with high-caliber performances, including notable tributes and collaborations with renowned artists. This veritable celebration of music highlights the BSO's role in enhancing community engagement and appreciation for classical and orchestral music.
In summary, the Boston Symphony Orchestra not only delivers outstanding musical performances but also fosters a rich cultural environment, inspires future generations of musicians, and actively engages with pressing contemporary issues through the universal language of music.
This information is meant to be a general summary of Boston Symphony Orchestra Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $25,265,190
- Program Service Revenue: $33,505,370
- Gross Receipts: $227,892,549
Assets and Liabilities:
- Total Assets: $654,476,272
- Total Liabilities: $72,730,268
- Net Assets: $581,746,004
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Concerts & tours
Revenue
$32,568,676
Education
Revenue
$438,693
Program advertising
Revenue
$308,596
Parking
Revenue
$69,800
Electronic media
Revenue
$119,605
Organization Details
Founding Year
1918
Phone
(617) 266-1492Principal Officer
Jeffrey Dunn
Main Address
301 Massachusetts Avenue, Boston, MA, 02115
Website
www.bso.orgNTEE Category
Code: A690 - Arts
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