Baltimore Symphony Endowment Trust
Baltimore Symphony Endowment Trust reported $16.7 million in revenue and $12.5 million in expenses for the fiscal year ending August 31, 2024. Of every $100 it spent, $77.39 went to program services, $22.61 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 51.9% of the total. The highest compensation it reported for one person was $497,136 (BOARD MEMBER AND CEO). Revenue rose 1196% between FY2020 and FY2024. Source: Form 990, FY2024.
Where $100 of spending went
The fiscal year ending August 31, 2024 · Form 990, Part IX, line 25 · total expenses $13MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending August 31, 2024 · Form 990, Part VIII · total revenue $17MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 77.4% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 22.6% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 51.9% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $497,136 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.97% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 91.3 | 13.3 |
| Independent voting board members Part VI 1a–1b | 8 of 9 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2024 · Form 990, Part III · the three largest programs by expenseThe Baltimore Symphony Endowment Trust is a supporting organization of the Baltimore Symphony orchestra, inc. (bso) and exists to support bso in accomplishing its missions. The depreciation expense of the Endowment Trust relates to assets used by the bso in furtherance of its missions
Highest reported compensation
FY2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| BOARD MEMBER AND CEO Director/trustee, officer, 8.00 hrs/week | $85,530 | $342,120 | $69,486 | $497,136 |
| VP & CHIEF ADVANCEMENT OFFICER Highest compensated employee, 10.00 hrs/week | $47,146 | $141,436 | $45,236 | $233,818 |
| SVP & CFO (PART YEAR) Officer, 4.00 hrs/week | $35,354 | $141,416 | $22,609 | $199,379 |
0 people received more than $100,000 in reportable compensation from Baltimore Symphony Endowment Trust (Part VII, line 2). Compensation of current officers, directors and key employees totaled $139K (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b9 · 8 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 68
Largest outside contractors
FY2024 · Form 990, Part VII, Section B · businesses only| GLENMEDE Investment management | $171,562 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Baltimore Symphony Endowment Trust's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Baltimore Symphony Endowment Trust, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Baltimore Symphony Endowment Trust spent in FY2024, $77.39 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Bricolage AcademyNew Orleans, LA · revenue $17M · programs 88.2% · FY2025
- Bronx Academy of Promise Charter SchoolBronx, NY · revenue $17M · programs 93.0% · FY2025
- St Paul City SchoolSt Paul, MN · revenue $17M · programs 91.7% · FY2025
- Avondale Meadows AcademyIndianapolis, IN · revenue $17M · programs 66.7% · FY2025
- Maria CollegeAlbany, NY · revenue $17M · programs 68.4% · FY2025
Questions people ask
How much of Baltimore Symphony Endowment Trust's spending goes to programs?
In the fiscal year ending August 31, 2024, Baltimore Symphony Endowment Trust reported that 77.4% of its $12.5 million in expenses went to program services, 22.6% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Baltimore Symphony Endowment Trust pay its top executive?
The largest total compensation Baltimore Symphony Endowment Trust reported for one person in the fiscal year ending August 31, 2024 was $497,136, for the role of BOARD MEMBER AND CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Baltimore Symphony Endowment Trust get its money?
Of $16.7 million in revenue in the fiscal year ending August 31, 2024, 51.9% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Baltimore Symphony Endowment Trust a registered charity?
The IRS lists EIN 77-0659339 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2024: Form 990 for the fiscal year ending August 31, 2024, object 202521969349300842 · read the filing · XML
- FY2023: Form 990 for the fiscal year ending August 31, 2023, object 202510229349300541 · read the filing
- FY2022: Form 990 for the fiscal year ending August 31, 2022, object 202341989349300824 · read the filing
- FY2021: Form 990 for the fiscal year ending August 31, 2021, object 202201959349301145 · read the filing
- FY2020: Form 990 for the fiscal year ending August 31, 2020, object 202141959349301214 · read the filing
All filings for EIN 77-0659339: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.