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Filing year 2023

VIRGINIA SYMPHONY FOUNDATION

Norfolk, Virginia·EIN 52-1597415·501(c)(3)
Total revenue
$521k
Total assets
$11.1M
Total expenses
$440k
Reported officers
12
Mission

PROVIDE FINANCIAL SUPPORT TO VIRGINIA SYMPHONY ORCHESTRA BY ADMINISTERING FUNDS AND PROPERTY, ENGAGING IN OTHER ACTIVITIES AS QUALIFY FOR AN EXEMPT ORGANIZATION, SOLICIT AND RECEIVE FUNDS AND PROPERTY BY GIFT, TRANSFER, DEVISE OR BEQUEST AND ADMINISTERING AND APPLYING SUCH FUNDS AND PROPERTY ONLY IN FURTHERANCE OF THESE PURPOSES.THE FOUNDATION ALSO RECEIVES RESTRICTED GIFTS WHOSE INVESTMENT INCOME IS DISTRIBUTED TO THE SYMPHONY ANNUALLY FOR CERTAIN PROGRAMMING ACTIVITIES INCLUDING FAMILY CONCERTS, EDUCATION, MASTER CLASSES, PROGRAMMING AND OUTREACH IN THE SUFFOLK AREA AND TO UNDERWRITE GUEST ARTISTS.

Executive compensation

Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

CFO
25th percentile to median
$26k
$28k
Executive Director (effect
Below 10th percentile
$410
$448
Vice President of Development
Board Vice President
Below 10th percentile
$376
$411

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 9 unpaid individuals.

Up 6%
from 2022

From $24k in 2022 to $26k in 2023.

$24k
2022
$26k
2023
In today's dollarsEst.
Up 2% in real terms$28k to $28k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Financial Officer pay rose 6% from 2022 to 2023, while revenue fell 62%.

$24k in 2022 to $26k in 2023.
  • Chief Executive Officer pay fell 94% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

VIRGINIA SYMPHONY FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.4M
$366k
2022
$521k
$440k
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about VIRGINIA SYMPHONY FOUNDATION

What does the Chief Financial Officer of VIRGINIA SYMPHONY FOUNDATION earn?

In 2023, the Chief Financial Officer of VIRGINIA SYMPHONY FOUNDATION received $25,955 in total compensation. This pay is below the median (the midpoint) for Chief Financial Officer roles among nonprofits nationwide, across all sectors, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Financial Officer pay at VIRGINIA SYMPHONY FOUNDATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Financial Officer at VIRGINIA SYMPHONY FOUNDATION falls between the 25th percentile and the median.

What are VIRGINIA SYMPHONY FOUNDATION's revenue and expenses?

In 2023, VIRGINIA SYMPHONY FOUNDATION reported $521k in total revenue and $440k in total expenses on its IRS Form 990.

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