Chamber Orchestra of Southern Maryland in Concert Inc

What it reported doing in 2024

Chamber orchestra of southern Maryland, in concert's (aka cosmic symphony) primary objective is to provide the southern Maryland community in calvert and st. Mary's counties with high quality classical music performed by its own local community musicians alongside world class soloists. Created in 1995, cosmic symphony meets this objective by producing public concerts in the southern Maryland community. Cosmic symphony provides an enjoyable orchestral experience for a large cross section of our community through the diversity of our musical selections. No less important, cosmic symphony provides an invaluable service to our community of local professional, semi-professional, and talented amateur musicians by creating a venue where they can perform. These community musicians have a love of music and performance that has created a committed family of players. Cosmic symphony is a wonderful mix of teachers, librarians, artists, engineers, computer programmers, stay-at-home parents, gifted middle and high school students, and retirees people from all walks of life. Cosmic symphonys third goal is to nurture young musicians. An important group of cosmic musicians represents the youth of southern Maryland. Some of our musicians are of high school age. These exceptionally talented young musicians are mentored by our more experienced musicians as they continue to grow and learn. Cosmic symphony also produces a yearly young artist competition open to Maryland residents. This competition provides young musicians a small stipend and an opportunity to perform, as the featured soloist, a concerto of their choice with the orchestra. Cosmic symphony fills a special need in southern Maryland by providing an opportunity for local musicians to perform in an orchestral setting without having to abandon their community. In past years, there have been up to 75 musicians participating. In addition, cosmic symphony provides its musicians with adult music education from acclaimed educators in the field as well as exposure to world-renowned soloists. Musicians are encouraged and nurtured in ways that allow them to grow and improve to their highest potential. As southern marylands only community orchestra, cosmic symphony affords alternatives for residents to enjoy high quality orchestral performances during the fall, winter, and spring, without leaving southern Maryland. Concerts are repeated in st. Marys, calvert and this year anne arundel counties to give the most exposure to the orchestra and provide for the widest possible audience. Area senior citizens and families are especially well-represented in the cosmic symphony audience. Cosmic symphony provides a low-cost opportunity for this segment of our population by offering free concerts to all - adults, seniors, families, and active-duty military personnel. Cosmic symphony offers a season-long program providing four orchestral concert programs over a 9-month period performed at different venues: st. Mary's, and calvert counties. As opposed to a one-off cultural event, the cosmic symphony season presents a series of artistic events, which have included a live ballet, world-class soloists and world premier music. Cosmic symphony concerts are presented at well-known, handicapped accessible locations, on weekend afternoons to accommodate as many people as possible. Cosmic symphony programs include program notes written by a board member and musician, which present composers biographical information and interesting facts about the musical selections to present a well-rounded entertaining, artistic, as well as educational experience to concertgoers. Cosmics music director provides additional information including his personal thoughts on the music and, often, light-hearted anecdotes relating to his experiences. The upcoming season includes music that will challenge the orchestra and undoubtedly improve its performance caliber; our artistic development over the last year has been extraordinary to which bot

Financial Efficiency

• Mission deployment rate: 51.5%; rating input score 52
• Program expense ratio: 80.8%; rating input score 81
• Fundraising efficiency: $35.51 raised per $1 spent on fundraising; rating input score 77; 77th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
• Governance controls: 4 of 8 controls in place; rating input score 50
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 36.3%; rating input score 82; 82nd percentile among comparable filings
• Total-asset coverage ratio: 1.24; rating input score 27; 27th percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 29; 29th percentile among comparable filings
• Officer compensation ratio: 29.2%; rating input score 11; 11th percentile among comparable filings

Growth

• Program expense growth: 10.5% per year; rating input score 100; 76th percentile among comparable filings
• Revenue growth: 3.3% per year; rating input score 100; 73rd percentile among comparable filings
• Asset growth: 16.3% per year; rating input score 100; 88th percentile among comparable filings