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BALTIMORE SYMPHONY ENDOWMENT TRUST

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Public IRS 990 nonprofit record

BALTIMORE SYMPHONY ENDOWMENT TRUST

EIN 77-0659339 · Single Organization Support (B11)

What they do

THE ORGANIZATION 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.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $77.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders15 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

57.94%of revenue went to mission work77.4% of expenses · Program services
$74.87spent for every $100 of revenueRevenue covered expenses this year.
16.93%of revenue went to management and office costs22.6% of expenses
$7.86in assets for every $1 spent this yearSome assets cannot be spent right away.
51.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $155,016 for MR MARK HANSON (BOARD MEMBER AND CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$16,704,422
Mission workProgram services$9,678,63457.94% of revenue77.4% of expenses
ManagementOffice and general costs$2,828,22916.93% of revenue22.6% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$4,197,55925.13% of revenueShown in gray on the chart
Total expenses$12,506,86374.87% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2023CurrentExpense mix: 77.4% mission · 22.6% management · 0.0% fundraisingTotal expenses: 74.87% of revenue
2022Expense mix: 77.3% mission · 22.7% management · 0.0% fundraisingTotal expenses: 77.43% of revenue
2021Expense mix: 75.4% mission · 24.6% management · 0.0% fundraisingTotal expenses: 85.89% of revenue
2020Expense mix: 84.3% mission · 15.7% management · 0.0% fundraisingTotal expenses: 41.01% of revenue
2019Expense mix: 82.7% mission · 17.3% management · 0.0% fundraisingTotal expenses: 460.64% of revenue
2018Expense mix: 86.5% mission · 13.5% management · 0.0% fundraisingTotal expenses: 142.80% of revenue
2017Expense mix: 90.4% mission · 9.6% management · 0.0% fundraisingTotal expenses: 147.44% of revenue
2016Expense mix: 84.2% mission · 15.8% management · 0.0% fundraisingTotal expenses: 71.80% of revenue

Money in and money out

Revenue$16,704,422
Expenses$12,506,863
Annual surplus $4,197,559 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$9,678,634 · 77.4% of expenses
Management and office costs$2,828,229 · 22.6% of expenses
See all reported dollar amounts
Revenue$16,704,422
Expenses$12,506,863
Assets$98,295,531
Income$16,704,422
Contributions$8,674,400
Mission work (program services)$9,678,634
Grants given$28,890,679
Average grant$4,127,240
Management and general$2,828,229
Stocks and bonds$62,642,602
Investing fees$280,436
People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
MR MARK HANSONBOARD MEMBER AND CEO · 8 hrs/week $155,016Base $85,530 · Other $69,486
MS ALLISON BURR-LIVINGSTONEVP & CHIEF ADVANCEMENT OFFICER · 10 hrs/week $92,382Base $47,146 · Other $45,236
MR JOHN G MCLEAN JRSVP & CFO (PART YEAR) · 4 hrs/week $57,963Base $35,354 · Other $22,609

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (15)

MR MARK HANSONBOARD MEMBER AND CEO

MS ALLISON BURR-LIVINGSTONEVP & CHIEF ADVANCEMENT OFFICER

MR JOHN G MCLEAN JRSVP & CFO (PART YEAR)

MR ANDREW A STERNCHAIRMAN

MR BARRY ROSENBOARD MEMBER

MR CHRIS BARLETTCHAIRMAN (PART YEAR)

MR KENNETH W DEFONTES JRBOARD MEMBER (PART YEAR)

MR LEONARD WILLIAMSINTERIM CFO

MR MARK VASELKIVBOARD MEMBER

MR RICHARD MONFREDBOARD MEMBER (PART YEAR)

MR STEVEN R SCHUHTREASURER

MS BARBARA BOZZUTOBOARD MEMBER

MS BETH ROSENWALDBOARD MEMBER

MS CHAITANYA YARAMADAVICE PRESIDENT

MS NICOLE NESBITBOARD MEMBER

About this charity

Recognized since
January 2006
Location
1212 CATHEDRAL STREET, BALTIMORE, MD 21201-5556
County
Baltimore (city)
In care of
% TERRY ARMACOST
Primary officer
ANN BROMERY, CFO

How to reach them

Filing and classification

Latest tax year
2023
Tax period began
September 1, 2023
Return type
990
Tax preparer
SC&H GROUP INC
NTEE classification
Single Organization Support (B11)
IRS tax category
Single Organization Support
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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