Chesapeake Orchestra Inc

Nonprofit profile at a glance

EIN
300713937
IRS 990-EZ coverage
2012–2023
Forms available
Form 990 2018, Form 990-EZ 2023
Location
Leonardtown, MD, USA
Phone
3018485218
Rating
94
Verdict
STRONG
Rating confidence
Moderate
Sector
Symphony Orchestras

Reported finances

Revenue
$166,828
Expenses
$166,794
Assets
$34
Liabilities
$19,269

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Hillary Howard (President)
  • Deborah Greitzer (Executive Director)
  • Jeffrey Silberschlag (Music Director, Founder, CEO)

People named in this filing

  • Hillary Howard (President)
  • Dr Terence Bertele (Board member)
  • Peggy Binzel (Board Member)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide free summer concerts to Southern Maryland and provide orchestra training to students ages 12-19 in Baltimore through our arm The Maryland Youth Symphony. Additional relation with Alba Music Festival for Debut Performances for Professionals and Students

What it reported doing in 2023

Our Chesapeake Orchestra provided free summer concerts by the only professional symphonic orchestra in Southern Maryland. Concerts are attended by 20,000 concertgoers annually. We helped build community, aided in economic development, and enhanced the quality of life in our region. We were awarded by two Maryland Governors (1 Democratic and 1 Republican) for our activity developing cultural activity and economic development. This season the Chesapeake Orchestra Series is in its 25th anniversary season and has performed for hundreds of thousands of concertgoers. Our Maryland Youth Symphony provides authentic, rigorous orchestral training, and of course, culminating in several concerts each season for a large ensemble of wonderfully diverse aspiring musicians. Many of our students go on to important music conservatories and music schools. We have an impressive record of those students going on to play professionally. With our program, the whole family becomes engaged in this art form. Our relationship with the Alba Music Festival based in Northern Italy, celebrates its 20th anniversary this spring. The Festival exposes college students, and some advanced younger students to international performing, and provides the opportunity for American Professional players too

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 24
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 0%; rating input score 35; 35th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: 566.74; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 3.6% per year; rating input score 100; 43rd percentile among comparable filings
  • Revenue growth: -1.6% per year; rating input score 0; 17th percentile among comparable filings
  • Asset growth: 10.1% per year; rating input score 100; 60th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $167K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2012 to 2023
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 35/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.