New York Philharmonic is a symphony orchestra based in New York, NY that was founded in 1853. As of 2019 they had $86 million in revenue and $326 million in assets.
The New York Philharmonic plays a leading cultural role in New York City, the United States, and the world. Each season the Philharmonic connects with up to 50 million music lovers through live concerts in New York City and on its worldwide tours.
Previous legal names or variations of their name include: The Philharmonic Symphony Society Of Ny.
EIN:
13-1664054
City:
State:
Metro:
Website:
Phone:
(212) 875-5656
Facebook:
Twitter:
Founded:
1853
Type:
501(c)(3)
NTEE:
Revenue:
$86,369,882
Assets:
$326,688,456
Employees:
750
Fiscal year end:
August
Program areas at New York Philharmonic
During The 2018/2019 season 104 regular subscription concerts were performed for The listening audience of 246,811. The new york Philharmonic concert performances maintain and foster an interest in symphonic music for individuals of diverging cultures and backgrounds. The new york Philharmonic sponsors a number of educational programs for children and adults. Some of these programs are as follows: (1) teachers seminars are open to both music and non-music teachers. These professional development seminars explore basic principles of music, and The repertoire of The new york Philharmonic. Each seminar is taught by a faculty member of The Philharmonic's education department and is followed by an evening concert by The new york Philharmonic. (2) The new york Philharmonic supports a partnership program with a number of new york city public schools. The goals of The program are (a) to build a fundamental knowledge of music, of a Symphony orchestra and its repertoire ...
Attachment 2
Form 990s for New York Philharmonic
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2019-08 | Aug 13, 2020 | 990 | View PDF |
| 2018-08 | Oct 12, 2019 | 990 | View PDF |
| 2017-08 | Oct 16, 2018 | 990 | View PDF |
| 2016-08 | Oct 20, 2017 | 990 | View PDF |
| 2015-08 | Nov 1, 2016 | 990 | View PDF |
| ...and six more Form 990 PDFs |
Financials for New York Philharmonic
| Field | 2019 | 2018 | % Change |
|---|
| Federated campaigns | $582,248 | $633,800 | -8.1% |
| Membership dues | $0 | $0 | |
| Fundraising event contributions | $5,481,387 | $5,079,893 | 7.9% |
| Related organizations | $0 | $0 | |
| Government grants (contributions) | $248,030 | $213,500 | 16.2% |
| Normal grants, contributions, etc. | $44,638,301 | $38,221,473 | 16.8% |
| <em>Non-cash contributions included in above</em> | $6,047,552 | $6,638,134 | -8.9% |
| Total grants, contributions, etc. | $50,949,966 | $44,148,666 | 15.4% |
| Field | 2019 | 2018 | % Change |
|---|
| Total grants, contributions, etc. | $50,949,966 | $44,148,666 | 15.4% |
| Program services | $25,735,899 | $26,784,955 | -3.9% |
| Investment income and dividends | $2,696,827 | $3,183,572 | -15.3% |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $69,303 | $68,493 | 1.2% |
| Net rental income | $0 | $0 | |
| Net gain from sale of non-inventory assets | $7,783,394 | $16,511,286 | -52.9% |
| Net income from fundraising events | $-865,507 | $-1,200,082 | 27.9% |
| Net income from gaming activities | $0 | $0 | |
| Net income from sales of inventory | $0 | $0 | |
| Miscellaneous revenues | $0 | $0 | |
| Total revenues | $86,369,882 | $89,496,890 | -3.5% |
| Field | 2019 | 2018 | % Change |
|---|
| Grants to govts. and orgs. in USA | $0 | $0 | |
| Grants to individuals in USA | $0 | $0 | |
| Grants to govts., orgs., and individuals outside USA | $0 | $0 | |
| Benefits paid to or for members | $0 | $0 | |
| Compensation of current officers, etc. | $2,965,668 | $1,585,205 | 87.1% |
| Compensation not included above, to disqualified persons | $0 | $0 | |
| Non-officer salaries and wages | $32,099,869 | $39,449,096 | -18.6% |
| Pension/retirement accruals and contributions | $4,142,079 | $4,299,860 | -3.7% |
| Other employee benefits | $4,358,758 | $4,380,714 | -0.5% |
| Payroll taxes | $2,172,113 | $2,247,926 | -3.4% |
| Management fees | $47,965 | $0 | 999% |
| Legal fees | $1,927,188 | $747,212 | 157.9% |
| Accounting fees | $95,961 | $94,000 | 2.1% |
| Lobbying fees | $0 | $0 | |
| Pro. fundraising fees | $189,692 | $260,981 | -27.3% |
| Investment mgmt fees | $770,463 | $906,195 | -15.0% |
| Other fee-for-service | $268,417 | $252,972 | 6.1% |
| Advertising and promotion | $4,744,033 | $4,527,538 | 4.8% |
| Office expenses | $5,558,229 | $3,712,739 | 49.7% |
| Information tech. expenses | $748,604 | $836,287 | -10.5% |
| Royalty expenses | $8,011 | $695 | 1052.7% |
| Occupancy | $605,209 | $547,045 | 10.6% |
| Travel | $2,160,853 | $3,690,107 | -41.4% |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $26,306 | $24,518 | 7.3% |
| Interest | $16,267 | $644 | 2425.9% |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $956,818 | $803,383 | 19.1% |
| Insurance | $231,513 | $164,892 | 40.4% |
| All other expenses | $15,834,454 | $9,065,841 | 74.7% |
| Total expenses | $79,928,470 | $77,597,850 | 3.0% |
| Field | 2019 | 2018 | % Change |
|---|
| Cash (non-interest-bearing) | $1,008,775 | $5,304,491 | -81.0% |
| Savings, short-term investments, etc. | $20,746,016 | $19,998,140 | 3.7% |
| Pledges and grants receivable | $59,591,645 | $67,815,998 | -12.1% |
| Accounts receivable | $574,633 | $194,734 | 195.1% |
| Loans receivable from officers, directors, etc. | $0 | $0 | |
| Loans receivable from other disqualified persons | $0 | $0 | |
| Notes and loans receivable | $86,231 | $309,168 | -72.1% |
| Inventories for use | $0 | $0 | |
| Prepaid expenses and deferred charges | $2,301,603 | $2,165,160 | 6.3% |
| Buildings, equipment, etc. post-depreciation | $41,085,348 | $31,891,395 | 28.8% |
| Investments, publicly traded securities | $113,090,626 | $103,181,436 | 9.6% |
| Investments, other securities | $88,203,579 | $91,180,074 | -3.3% |
| Investments, program-related | $0 | $0 | |
| Intangible assets | $0 | $0 | |
| Other assets | $0 | $0 | |
| Total assets | $326,688,456 | $322,040,596 | 1.4% |
| Field | 2019 | 2018 | % Change |
|---|
| Accounts payable and accrued expenses | $6,535,603 | $5,557,335 | 17.6% |
| Grants payable | $0 | $0 | |
| Deferred revenue | $19,429,421 | $16,775,580 | 15.8% |
| Tax-exempt bond liabilities | $0 | $0 | |
| Escrow or custodial account liability | $0 | $0 | |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $0 | $0 | |
| Unsecured notes and loans payable to unrelated third parties | $0 | $0 | |
| Other liabilities | $54,129,916 | $36,702,410 | 47.5% |
| Total liabilities | $80,094,940 | $59,035,325 | 35.7% |
| Field | 2019 | 2018 | % Change |
|---|
| Unrestricted net assets | $-35,082,594 | $-22,632,712 | -55.0% |
| Temporarily restricted net assets | $112,152,258 | $116,500,441 | -3.7% |
| Permanently restricted net assets | $169,523,852 | $169,137,542 | 0.2% |
Vendors for New York Philharmonic
| Vendor | Services | Amount paid | Date |
|---|
| Eisneramper LLP | Tax accounting; Accounting (including auditing); Audit accounting | $18,168 | 2020-08-13 |
| █████████ ████ ███ | Legal | $307,118 | 2019-08-01 |
| ████ ████████████ ███ | Telephone Fundraiser; Telemarketing Service | $436,715 | 2019-08-01 |
| █████████ ███ ████████ ███ | Legal | $366,573 | 2019-08-01 |
| ████ █ ███████ | Artist MNG Agency | $343,076 | 2019-08-01 |
| █████████ ███████████ | Marketing | $384,296 | 2019-08-01 |
| ███ ██████ | Trustee (bank, trust company or similar financial institution) | $97,993 | 2018-08-31 |
| █████████ ██████████ ███ | Investment advisory (plan) | $75,434 | 2018-08-31 |
| ...and 16 more vendors |
Personnel at New York Philharmonic
| Name | Title | Compensation | Most recent data |
|---|
| Deborah Borda | President and Chief Executive Officer | $1.4 million | Oct. 3, 2020 |
| Adam W. Cox | Chief Operating Officer | $0 | Oct. 3, 2020 |
| ████ ████ | Vice President, Marketing and Branding | - | Oct. 3, 2020 |
| █████ ████ | Vice President, Digital Strategy and Customer Experience | - | Oct. 3, 2020 |
| ████ █████ | Vice President, External Affairs | - | Oct. 3, 2020 |
| █████ ████████ | Vice President, Artistic Planning | - | Oct. 3, 2020 |
| ███████ █ ██████ | Executive Director | $435,385 | Sept. 20, 2019 |
| ██████ ████ | Director of Finance | - | Oct. 3, 2020 |
| ███████ ████████ | Director, Marketing | - | Oct. 3, 2020 |
| ██████ ██████ | Director, Digital Platforms and Experience | - | Oct. 3, 2020 |
| ...and 37 more key personnel |
Peer symphony orchestras
| | Name | Type | Revenue | Location |
|---|
| 1 | Seattle Symphony Orchestra | 501(c)(3) | $32 million | Seattle, WA |
| 2 | Philadelphia Orchestra Association | 501(c)(3) | $98 million | Philadelphia, PA |
| 3 | The Cleveland Orchestra | 501(c)(3) | $61 million | Cleveland, OH |
| 4 | San Francisco Symphony (SFS) | 501(c)(3) | $93 million | San Francisco, CA |
| 5 | Detroit Symphony Orchestra (DSO) | 501(c)(3) | $40 million | Detroit, MI |
| 6 | Saint Louis Symphony Orchestra (SLSO) | 501(c)(3) | $31 million | St Louis, MO |
| 7 | Pittsburgh Symphony Orchestra (PSO) | 501(c)(3) | $45 million | Pittsburgh, PA |
| 8 | San Diego Symphony Orchestra Association | 501(c)(3) | $25 million | San Diego, CA |
| 9 | Houston Symphony Society | 501(c)(3) | $30 million | Houston, TX |
| 10 | Chicago Symphony Orchestra | 501(c)(3) | $81 million | Chicago, IL |
| 11 | Los Angeles Philharmonic Association (LAP) | 501(c)(3) | $187 million | Los Angeles, CA |
| 12 | Cincinnati Symphony Orchestra (CSO) | 501(c)(3) | $43 million | Cincinnati, OH |
| 13 | Pacific Symphony | 501(c)(3) | $24 million | Irvine, CA |
| 14 | Carnegie Hall / The Carnegie Hall Corporation | 501(c)(3) | $87 million | New York, NY |
| 15 | North Carolina Symphony Society | 501(c)(3) | $26 million | Raleigh, NC |
| 16 | Boston Symphony Orchestra | 501(c)(3) | $95 million | Boston, MA |
| 17 | Indiana Symphony Society | 501(c)(3) | $27 million | Indianapolis, IN |
| 18 | Dallas Symphony Orchestra (DSO) | 501(c)(3) | $34 million | Dallas, TX |
| 19 | The Nashville Symphony | 501(c)(3) | $23 million | Nashville, TN |
| 20 | Oregon Symphony Association | 501(c)(3) | $21 million | Portland, OR |
| 21 | Baltimore Symphony Orchestra | 501(c)(3) | $27 million | Baltimore, MD |
| 22 | Minnesota Orchestral Association | 501(c)(3) | $32 million | Minneapolis, MN |
| 23 | Indian Hill Music (IHM) | 501(c)(3) | $41 million | Littleton, MA |
| 24 | The Music Center | 501(c)(3) | $85 million | Los Angeles, CA |
| 25 | Adrienne Arts Center Trust | 501(c)(3) | $42 million | Miami, FL |