When it comes to executive compensation, the 2013/14 season was the first in a while where a number of the traditionally highest paying executive positions which went unfilled for a number of years were finally occupied. As a result, this year’s reports produced a more realistic average compensation figure for this particular group of stakeholders. To that end, the average executive compensation increased at more than twice the rate of average total expenditures.
- Executive compensation figures were obtained from their respective orchestra’s IRS Form 990 for the 2013/14 concert season.
- Total Expenditures were also obtained from each respective orchestra’s IRS Form 990 for the 2013/14 concert season (due to their relationship within a larger performing arts structure, Total Expenditure figures for National Symphony, Atlanta Symphony, and Dayton Philharmonic are estimates).
Adaptistration makes no claim to the accuracy of information from documents compiled or reported by external sources. If you have reason to believe any of the information is inaccurate or has changed since reported in any of the above sources and you can provide documentation to such effect, please feel free to use the following form to submit a notice.
What The Numbers Don’t Show
It is important to remember that the numbers shown do not always convey a complete compensation picture. For example, an executive director may have had a large increase in salary due to a severance or deferred compensation package owed when the position was vacated. Additionally, the documents used to gather data do not indicate how much of the season an individual received a salary. As such, the cumulative compensation may artificially inflate annual earnings. Conversely, reported figures may not reflect bonuses or other incentive payments, therefore underreporting what executives may actually earn. As such, the cumulative compensation executives may differ from what is listed.
If you’re curious about exactly how much of a difference can exist, the Philadelphia Orchestra bankruptcy proceeding shed a sliver of light onto the river of unspecified compensation executives can garner by way of perks and benefits. Details were reported in an article published on 3/2/2012.
For additional details about any individual executive’s compensation in any given season, you should review the corresponding IRS Form 990 for any statements, notes, and/or addendums provided by the organization to explain compensation abnormalities.
2013/14 Season Executive Compensation
Top 10 Earners
- Los Angeles Philharmonic: $1,586,820
- Boston Symphony: $852,607
- Philadelphia Orchestra: $733,242
- Cleveland Orchestra: $646,813
- Chicago Symphony: $633,619
- New York Philharmonic: $626,489
- San Francisco Symphony: $557,312
- Atlanta Symphony: $445,223
- Saint Louis Symphony: $443,541
- Minnesota Orchestra: $427,421
Items Of Note
The largest percent increases in executive compensation are always intriguing. For the second season in a row, Utah’s executive was at the top of the percent increase list with more than 20 percent in both seasons.
For example, the CEO’s in San Antonio, Milwaukee, Cincinnati, Dayton, and Utah all received increases in excess of twenty percent and all but two of those groups have turned over CEO’s since the 2012/13 season. The executives in Boston and Pittsburgh also managed to garner increases in excess of 20 percent. Executives at the Atlanta Symphony, Cincinnati Symphony, Houston Symphony, New York Philharmonic, Pacific Symphony, Rochester Philharmonic, San Diego Symphony, and Santa Rosa Symphony all managed to acquire between 10 and 20 percent increases.