Music and Event Management Inc
84% goes to programs $0 to raise $100 Growing revenue
Music and Event Management Inc is a 501(c)(3) organization based in Cincinnati, Ohio, registered in 1993, with $76,724,869 in FY2023 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
1241 Elm St, Cincinnati, OH, 45202 EIN 31-1378179 Since 1993
Revenue (FY2023)
$76.7M
▲ 14.6% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$76.9M
Net assets
$11.9M
Employees
1,186
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating84% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Music and Event Management Inc: 84% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · -0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Music and Event Management Inc: 2 mo reserves · -0% margin earns a B on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Music and Event Management Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Music and Event Management Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
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, 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.
Contact & location
- Address
- 1241 Elm St, Cincinnati, OH, 45202
- City
- Cincinnati
- State
- Ohio
- Category
- Arts, Culture & Humanities
- Subcategory
- Arts & Cultural Organizations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $20K (FY2009) to $76.7M (FY2023) across 12 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $25.1MNet assets $11.9M
Operating margin
-0.3%
Spent more than it raised in the latest fiscal year.
Total assets
$37.0M
Total liabilities
$25.1M
Net assets
$11.9M
Salaries & benefits
$13.0M
17% of expenses
Board members
5
2 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $76,724,869▲14.6% | $76,939,474▲14.7% | $11,869,591▼1.8% | $36,986,907▲4.6% | 990 |
| 2022 | $66,942,293▼8.4% | $67,078,061▼8.3% | $12,084,196▼1.1% | $35,354,818▲4.6% | 990 |
| 2021 | $73,072,797▲179% | $73,177,140▲294% | $12,219,964▼0.8% | $33,809,112▼20.4% | 990 |
| 2020 | $26,218,781▲121% | $18,560,662▼7.2% | $12,324,307▲164% | $42,450,735▲148% | 990 |
| 2019 | $11,882,512▼73.3% | $20,008,108▼49.5% | $4,666,188▼63.5% | $17,118,369▼35.8% | 990 |
| 2018 | $44,483,791▲4.7% | $39,639,878▲0.3% | $12,791,784▲60.9% | $26,684,197▲33.8% | 990 |
| 2017 | $42,483,392▲43.1% | $39,521,193▲27.9% | $7,947,871▲57.0% | $19,950,682▲52.3% | 990 |
| 2016 | $29,678,549▼18.1% | $30,897,903▼8.0% | $5,063,007▼19.3% | $13,097,924▲16.9% | 990 |
| 2015 | $36,223,919▲52.2% | $33,588,458▲47.4% | $6,276,181▼2.7% | $11,208,288▼16.7% | 990 |
| 2014 | $23,795,493▼0.6% | $22,784,498▼2.6% | $6,448,576▲18.6% | $13,447,793▲26.2% | 990 |
| 2013 | $23,939,540 | $23,391,058▲5.7% | $5,437,581▲11.2% | $10,658,734▼10.8% | 990 |
| 2012 | — | $22,119,864▼2.3% | $4,889,099▲37.2% | $11,944,705▲39.7% | 990 |
| 2011 | — | $22,637,351▲2641% | $3,563,434▲130% | $8,547,475▲163% | 990 |
| 2010 | — | $825,963▲4030% | $1,550,280 | $3,250,307▲20503% | 990 |
| 2009 | $20,000 | $20,000 | $0 | $15,776 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Edward Morrell — $474,762 (0.62% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Edward Morrell | Chief Business Officer | 40 | $474,762 |
| Michael Smith | Chief Executive Officer | 45 | $442,743 |
| Mathew Dunne | Chief Operating Officer | 40 | $420,289 |
| Rosemarie Moehring | Director of Marketing | 40 | $282,277 |
| Ryan Jaspers | Operations and Production Manager | 40 | $277,302 |
| Michele Ferrara | Director of Sponsorship Sales | 40 | $248,806 |
| Jennifer Schoonover | Director of Premium Seat Sales | 40 | $229,721 |
| Kelly Gould-benhase | Director of Ticketing | 40 | $201,659 |
| Richard Freshwater | Chief Financial Officer | 15 | $85,692 |
| Jonathan Martin | President | 5 | $72,272 |
| Dianne Rosenberg | Chair | 1 | — |
| Sue Mcpartlin | Secretary & Treasurer | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Outback Presents LLC | Artist Management | $1,379,217 |
| Merch Traffic LLC | Artist Merchandise Management | $1,159,477 |
| Don J White - C&d Audio | Audio Services | $1,067,048 |
| Delightmore LLC | Catering | $601,077 |
| Creative Artists Agency LLC | Artist Management | $435,941 |
Grants received · $1.1M total
1 grant to Music and Event Management Inc totaling $1.1M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Cincinnati Symphony Orchestra | Unrestricted grant | 2018 | $1,085,750 |
Grants made · $9.1M in FY2023
1 grant totaling $9.1M in FY2023. All grants made by Music and Event Management Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Cincinnati Symphony Orchestra | Unrestricted grant | $9,056,167 |
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Frequently asked questions
- Is Music and Event Management Inc a legitimate nonprofit?
- Yes. Music and Event Management Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 31-1378179, based in Cincinnati, Ohio. Donations are tax-deductible.
- What is Music and Event Management Inc's EIN?
- Music and Event Management Inc's Employer Identification Number (EIN) is 31-1378179.
- How much revenue does Music and Event Management Inc report?
- Music and Event Management Inc reported $76,724,869 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Music and Event Management Inc's spending goes to programs?
- Music and Event Management Inc spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Music and Event Management Inc have?
- CharityIndex grades Music and Event Management Inc A, based on program efficiency and fundraising cost.
- How much does Music and Event Management Inc's highest-paid employee make?
- The highest reported compensation on Music and Event Management Inc's latest Form 990 is $474,762, paid to Edward Morrell (Chief Business Officer).
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Data for Music and Event Management Inc (EIN 31-1378179) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.