Philharmonic-Symphony Society Of New York Inc

Organization Overview

Philharmonic-Symphony Society Of New York Inc, operating under the name New York Philharmonic, is located in New York, NY. The organization was established in 1928. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2021, New York Philharmonic employed 551 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Philharmonic is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 08/2021, New York Philharmonic generated $138.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $56.7m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O.TO MAINTAIN AND FOSTER AN INTEREST IN THE ENJOYMENT OF MUSIC AND MUSICAL AFFAIRS, TO INCULCATE IN ITS MEMBERS IN NEW YORK CITY AND THE WORLD AT LARGE AN INTEREST IN SYMPHONIC MUSIC.

Describe the Organization's Program Activity:

SEE SCHEDULE O.


SEE SCHEDULE O.


SEE SCHEDULE O.


SEE SCHEDULE O.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Proskauer Rose Llp
Legal Services
$655,507
Serino Coyne
Advertising & Marketing Agency
$644,443
Proskauer Rose Llp
Legal Services
$655,507
High Point Networks Llc
Networking, Technology Services
$595,386
Cambridge Associates Llc
Consultants
$276,222
Serino Coyne
Advertising & Marketing Agency
$644,443
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$184,206
Membership dues$0
Fundraising events$1,604,048
Related organizations$0
Government grants $8,343,176
All other contributions, gifts, grants, and similar amounts not included above$106,531,716
Noncash contributions included in lines 1a–1f $4,411,411
Total Revenue from Contributions, Gifts, Grants & Similar$116,663,146
Total Program Service Revenue$1,321,296
Investment income $2,620,610
Tax Exempt Bond Proceeds $0
Royalties $36,794
Net Rental Income $0
Net Gain/Loss on Asset Sales $18,017,297
Net Income from Fundraising Events -$109,893
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $138,634,882

Grants Recieved

Over the last fiscal year, we have identified 51 grants that Philharmonic-Symphony Society Of New York Inc has recieved totaling $2,980,795.

Awarding OrganizationAmount
Starr Foundation

New York, NY

PURPOSE: RENOVATION OF DAVID GEFFEN HALL

$750,000
Mary And James G Wallach Foundation

Purchase, NY

PURPOSE: GENERAL PURPOSE

$574,500
The Annenberg Foundation

Conshohocken, PA

PURPOSE: 2021 2022 SEASON AND BANDWAGON

$250,000
Goldman Sachs Charitable Gift Fund

New York, NY

PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS

$210,000
Fairfield Countys Community Foundation Inc

Norwalk, CT

PURPOSE: FOR GENERAL SUPPORT.

$150,000
Jewish Communal Fund

New York, NY

PURPOSE: GENERAL SUPPORT

$126,900
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$235,554,728
Earnings$41,589,922
Net Contributions$3,157,015
Other Expense$11,307,902
Ending Balance$268,993,763

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