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Arts, Culture, Humanities : Performing Arts

Fort Worth Symphony Orchestra

Life Is Better With Music

three stars

87.05

330 East Fourth Street Suite 200
Fort Worth, TX 76102
tel: (817) 665-6500   Web Site
EIN: 75-6004761

Board Leadership
Mercedes T. Bass
Chairman of the Board

CEO
Keith Cerny
President, CEO

  Score
(out of 100)
Rating
Overall Score & Rating 87.05 three stars
  Financial 89.50 three stars
  Accountability & Transparency 85.00 three stars
This rating was published 11/01/2019 and includes data from FY2018, the most recent 990 received at that time.

The mission of the Fort Worth Symphony Orchestra (FWSO) is:

To perform great symphonic music at the highest level of artistic excellence to educate, entertain, and enhance cultural life.

To present engaging music education programs for young people to foster early interest in and inspire lifelong enjoyment of music.

To achieve ever-greater levels of artistic accomplishment and leadership in Fort Worth and across the nation.

Each year the FWSO performs over 200 concerts for more than 200,000 people across North Texas. This includes nearly 65,000 children who experience the Orchestra through a robust selection of education programs.

The FWSO also serves as the resident orchestra for the Fort Worth Opera, Texas Ballet Theater, Van Cliburn International Piano Competition, and Texas Christian University Piano Festival.

Whether in Bass Performance Hall, local schools, the Fort Worth Botanic Garden, or community centers in nearby towns, the FWSO affirms that Life Is Better With Music!

The mission of the Fort Worth Symphony Orchestra (FWSO) is:

To perform great symphonic music at the highest level of artistic excellence to educate, entertain, and enhance cultural life.

To present engaging music education programs for young people to foster early interest in and inspire lifelong enjoyment of music.

To achieve ever-greater levels of artistic accomplishment and leadership in Fort Worth and across the nation.

Each year the FWSO performs over 200 concerts for more than 200,000 people across North Texas. This includes nearly 65,000 children who experience the Orchestra through a robust selection of education programs.

The FWSO also serves as the resident orchestra for the Fort Worth Opera, Texas Ballet Theater, Van Cliburn International Piano Competition, and Texas Christian University Piano Festival.

Whether in Bass Performance Hall, local schools, the Fort Worth Botanic Garden, or community centers in nearby towns, the FWSO affirms that Life Is Better With Music!

Impact Information

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Financial

three stars

89.50

Accountability & Transparency

three stars

85.00

This rating was published 11/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
81.2%
  Administrative Expenses 15.3%
  Fundraising Expenses 3.4%
  Fundraising Efficiency $0.06
  Working Capital Ratio (years) 0.56
  Program Expenses Growth 2.6%
  Liabilities to Assets 5.8%
All data for Financial Performance Metrics calculations was provided by Fort Worth Symphony Orchestra on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Fort Worth Symphony Orchestra on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Fort Worth Symphony Orchestra (TX) 87.05 three stars
Chamber Music Society of Lincoln Center (NY) 90.95 four stars
The Florida Orchestra (FL) 92.01 four stars
The Amarillo Symphony (TX) 88.67 three stars
Fort Wayne Philharmonic Orchestra (IN) 92.22 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $5,209,943
   Federated Campaigns $0
   Membership Dues $9,167
   Fundraising Events $894,660
   Related Organizations $0
   Government Grants $32,000
Total Contributions $6,145,770
   Program Service Revenue $5,485,082
Total Primary Revenue $11,630,852
   Other Revenue $1,487,319
TOTAL REVENUE $13,118,171
   
EXPENSES  
   Program Expenses $10,815,325
   Administrative Expenses $1,688,075
   Fundraising Expenses $341,549
TOTAL FUNCTIONAL EXPENSES $12,844,949
   
Payments to Affiliates $0
Excess (or Deficit) for the year $273,222
   
Net Assets $31,264,987

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Subscription Concert $10,281,809 95.1%
Education Concerts $375,684 3.5%
Touring Concerts $157,832 1.5%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-07 11/01/2019 87.05 three stars
2017-07 06/01/2019 84.64 three stars
2016-07 02/01/2018 80.43 three stars
2015-07 12/01/2017 90.19 four stars
2015-07 03/01/2017 88.83 three stars
2014-07 06/01/2016 86.16 three stars
 
CN 2.0
2014-07 11/01/2015 80.25 three stars
2013-07 12/01/2014 83.81 three stars
2012-07 11/01/2013 83.23 three stars
2011-07 10/01/2012 80.16 three stars
2010-07 12/23/2011 80.46 three stars
2010-07 12/01/2011 79.96 two stars
2009-07 09/20/2011 81.10 three stars
 
CN 1.0
2009-07 11/24/2010 71.57 two stars
2008-07 12/01/2009 93.10 four stars
2007-07 12/01/2008 93.26 four stars
2006-07 08/01/2007 89.18 three stars
2005-07 09/01/2006 86.41 three stars
2004-07 08/01/2005 86.30 three stars
2003-07 09/01/2004 90.90 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 75-6004761
Name in IRS Master File FORT WORTH SYMPHONY ORCHESTRA ASSOCIATION INC
NTEE Code A69
NTEE Classification Symphony Orchestras
NTEE Type Arts, Culture and Humanities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (119) Other cultural or historical activities
(59) Other school related activities
Foundation Status Organization that normally receives no more than one-third of its support from gross investment income and unrelated business income and at the same time more than one-third of its support from contributions, fees, and gross receipts related to exempt purposes.  509(a)(2)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date October, 1958
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End July
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • July, 2017
  • July, 2016
  • July, 2015
  • July, 2014
  • July, 2013
Compensation % of Expenses Paid to Title
None reported -- This organization did not report a CEO
Other Salaries of Note
$299,264 2.32% Miguel Harth-Bedoya Music Director
$122,445 0.95% Michael Shih Musician
$114,930 0.89% Melinda Hayden VP of Finance
$112,505 0.87% Amy Adkins Former President & CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Fort Worth Symphony Orchestra (TX) 87.05 three stars
Handel and Haydn Society (MA) 85.91 three stars
The Amarillo Symphony (TX) 88.67 three stars
Oregon Symphony (OR) 92.89 four stars
Cincinnati Symphony Orchestra (OH) 91.14 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Fort Worth Symphony Orchestra
330 East Fourth Street
Suite 200
Fort Worth, TX 76102
tel: (817) 665-6500
fax: (817) 665-6600
EIN: 75-6004761

Visit Web Site

Board Leadership

Mercedes T. Bass
Chairman of the Board

CEO

Keith Cerny
President, CEO

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