Music & Event Management Inc.

Legal name: Music and Event Management Inc

Nonprofit profile at a glance

EIN
311378179
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-EZ 2009
Location
Cincinnati, OH, US
Phone
5137443306
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Official website

Reported finances

Revenue
$84,887,758
Expenses
$76,025,697
Assets
$45,204,395
Liabilities
$24,472,743

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • JONATHAN MARTIN (PRESIDENT)
  • MICHAEL SMITH (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • JONATHAN MARTIN (PRESIDENT): $642,323 total reported compensation
  • MICHAEL SMITH (CHIEF EXECUTIVE OFFICER): $511,269 total reported compensation
  • MATHEW DUNNE (CHIEF OPERATING OFFICER): $475,156 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Music & Event Management, Inc. (MEMI) is a leading promoter of live entertainment, bringing world-class events to life with innovation and excellence. From booking and production to marketing and event management, MEMI sets the standard for unforgettable live music experiences.

What it reported doing in 2024

Music and event management, inc. (memi), a related tax-exempt organization of the cincinnati symphony orchestra (cso), manages and offers a diverse array of quality performances at riverbend music center, the pnc pavilion, andrew j. Brady music center and the taft theatre, and additionally offers preferred services to other non-profit organizations for festivals and community events. Memi supports the cso's mission to enhance the cultural vitality and quality of life in the greater cincinnati region.memi offered 42 events at riverbend music center and pnc pavillion with 369,504 in attendance, 74 events at andrew j. Brady music center with 165,192 in attendance, and 53 events at the taft theatre with 123,772 in attendance.

Operating model

Revenue model
Earned-program. 83% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 91% 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. A relatively small share of voting board members are independent and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 91
  • Accountability: 71
  • Sustainability: 49
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.2%; rating input score 96
  • Program expense ratio: 83.4%; rating input score 83
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 50%; rating input score 50; 13th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 10.4%; rating input score 74; 74th percentile among comparable filings
  • Total-asset coverage ratio: 0.59; rating input score 23; 23rd percentile among comparable filings
  • Liabilities to assets ratio: 0.54; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: 3.7%; rating input score 29; 29th percentile among comparable filings

Growth

  • Program expense growth: 10.8% per year; rating input score 100; 77th percentile among comparable filings
  • Revenue growth: 12.5% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 13.6% per year; rating input score 100; 83rd percentile among comparable filings

Details

  • What they do: 8 programs and campaigns described on the official site · 7 operating locations identified
  • Where the money goes: 96.2% of revenue deployed · 83.4% of spending went to programs
  • Governance: 3 of 6 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $63.4M in reported program spending
  • Leadership: top reported pay $642K · 13 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $7.1M reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 11 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • 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.

  • Review — Accountability: Independent voting board scored 50/100.
  • High — Sustainability: Total-asset coverage ratio scored 23/100.
  • High — Sustainability: Officer compensation ratio scored 29/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 33/100.