The Carnegie Hall Corporation
- Assets
- $718.1m
- Revenue
- $55.3m
- Investments
- $214.1m
- Employees
- 635
- Location
- New York, NY
- Founding
- 02/1962
- Data as of
- 06/2021
- EIN
- 13-1923626
Organization Overview
The Carnegie Hall Corporation, operating under the name Carnegie Hall, is located in New York, NY. The organization was established in 1962. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Carnegie Hall employed 635 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2021, Carnegie Hall generated $55.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $66.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Carnegie Hall has awarded 174 individual grants totaling $4,682,843. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESENT MUSIC & MUSICIANS, BRING THE TRANSFORMATIVE POWER OF MUSIC SEE SCHEDULE OTO THE WIDEST POSSIBLE AUDIENCE, PROVIDE EDUCATION PROGRAMS, AND PROVIDE NEW WORKS, ARTISTS & AUDIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARNEGIE HALL PRODUCED EVENTS: DUE TO ITS CLOSURE RELATED TO COVID-19, LIVE PERFORMANCES DID NOT TAKE PLACE AT CARNEGIE HALL IN FY21. INSTEAD, FREE DIGITAL PROGRAMMING PRODUCED BY CARNEGIE HALL - MOST CURATED BY LEADING ARTISTS AND FEATURING MUSICAL PERFORMANCES AND ENGAGING BEHIND-THE-SCENES CONTENT- ENABLED THE HALL TO STAY CONNECTED WITH AUDIENCES IN NEW YORK CITY AND WORLDWIDE WITH MILLIONS OF VIEWS ON CARNEGIE HALL'S WEB SITE AND SOCIAL MEDIA CHANNELS. IN JUNE 2021, THE HALL CELEBRATED THE RETURN TO LIVE IN-PERSON PERFORMANCES WITH OUTDOOR CONCERTS IN NYC NEIGHBORHOOD VENUES AS PART OF THE FREE CARNEGIE HALL CITYWIDE SERIES. IN FY21, THE HALL PRESENTED 2 IN-PERSON EVENTS TO AN AUDIENCE OF MORE THAN 2,100, KICKING OFF A SUMMER SCHEDULE FEATURING MORE THAN 20 CONCERTS IN 11 PARTNER VENUES.
THE WEILL MUSIC INSTITUTE AT CARNEGIE HALL CREATES BROAD-REACHING MUSIC EDUCATION AND SOCIAL IMPACT PROGRAMS PLAYING A CENTRAL ROLE IN THE HALL'S COMMITMENT TO MAKING GREAT MUSIC ACCESSIBLE TO AS MANY PEOPLE AS POSSIBLE THROUGH CREATIVE INTERACTION DESIGNED TO INSPIRE LIFELONG LEARNING. THROUGHOUT THE PANDEMIC, WMI PIVOTED MOST OF ITS PROGRAMMING TO DIGITAL PLATFORMS SERVING MORE THAN 800,000 STUDENTS, EDUCATORS, FAMILIES, YOUNG MUSICIANS, PROFESSIONAL ARTISTS, AND COMMUNITY MEMBERS THROUGHOUT NEW YORK CITY AND AROUND THE GLOBE.
HALL RENTAL OPERATIONS: IN ADDITION TO CARNEGIE HALL'S OWN PRESENTATIONS, THE CORPORATION LEASES AND MANAGES CARNEGIE HALL AS AN AUDITORIUM FOR CONCERTS AND OTHER PERFORMANCES TO DIVERSIFY THE EXPOSURE OF MUSIC RELATED ARTS TO THE COMMUNITY. DUE TO ITS CLOSURE RELATED TO COVID-19, THERE WERE NO PUBLIC RENTAL EVENTS AT THE HALL DURING THE FISCAL YEAR, HOWEVER SOME FILMING WAS ABLE TO TAKE PLACE.
REAL ESTATE OPERATIONS EXPENSES: 6,705,255OTHER OPERATIONS AND SPECIAL PROJECTS EXPENSES: 4,426,983REVENUE: 181,539
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clive D Gillinson Executive And Artistic Director | OfficerTrustee | 60 | $1,496,614 |
Anna Weber Gen Mgr Artistic & Operations | Officer | 60 | $425,519 |
Patricia Long Chief Financial Off (until 12/5/20) | Officer | 60 | $385,155 |
Richard Malenka Chief Administrative Officer | Officer | 60 | $377,624 |
Sarah Johnson Chief Education Officer | Officer | 60 | $366,843 |
Aaron Levine Chief Information Officer | Officer | 60 | $361,947 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dcm Inc Marketing & Tele-fundraising | 6/29/21 | $545,597 |
Penguin Maintenance And Services Contractor | 6/29/21 | $777,080 |
Tishman Interiors Corporation Of Ny Contractor | 6/29/21 | $2,702,294 |
Artists Acquisition Llcopus3 Artists Artist Fees | 6/29/21 | $662,143 |
Stealth Security & Assoc Llc Security | 6/29/21 | $715,714 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,545,302 |
| Related organizations | $0 |
| Government grants | $6,415,556 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,836,382 |
| Noncash contributions included in lines 1a–1f | $814,365 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,797,240 |
| Total Program Service Revenue | $784,382 |
| Investment income | $1,287,530 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,810,883 |
| Net Gain/Loss on Asset Sales | $18,488,031 |
| Net Income from Fundraising Events | -$893,360 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $36,688 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,324,262 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,214,727 |
| Grants and other assistance to domestic individuals. | $104,669 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,974,565 |
| Compensation of current officers, directors, key employees. | $3,516,985 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,375,312 |
| Pension plan accruals and contributions | $3,216,963 |
| Other employee benefits | $4,148,349 |
| Payroll taxes | $1,462,695 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $686,869 |
| Fees for services: Accounting | $190,000 |
| Fees for services: Lobbying | $174,530 |
| Fees for services: Fundraising | $432,484 |
| Fees for services: Investment Management | $825,162 |
| Fees for services: Other | $4,002,684 |
| Advertising and promotion | $957,189 |
| Office expenses | $851,495 |
| Information technology | $1,032,292 |
| Royalties | $0 |
| Occupancy | $58,061 |
| Travel | $48,847 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,200 |
| Interest | $2,777,826 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,055,086 |
| Insurance | $1,326,675 |
| All other expenses | $229,802 |
| Total functional expenses | $66,507,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,180,395 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $50,743,688 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,654,658 |
| Net Land, buildings, and equipment | $229,423,935 |
| Investments—publicly traded securities | $180,613,024 |
| Investments—other securities | $214,076,100 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,449,981 |
| Total assets | $718,141,781 |
| Accounts payable and accrued expenses | $7,334,391 |
| Grants payable | $0 |
| Deferred revenue | $7,621,479 |
| Tax-exempt bond liabilities | $136,988,107 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $33,443,778 |
| Total liabilities | $185,387,755 |
| Net assets without donor restrictions | $111,714,679 |
| Net assets with donor restrictions | $421,039,347 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $718,141,781 |
Grants Awarded
Over the last fiscal year, The Carnegie Hall Corporation has awarded $1,214,727 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: ARTS PROGRAMMING | $96,203 |
New York, NY PURPOSE: ARTS PROGRAMMING | $91,127 |
New York, NY PURPOSE: ARTS PROGRAMMING | $68,540 |
STUDEO PURPOSE: ARTS PROGRAMMING | $54,650 |
Jamaica, NY PURPOSE: ARTS PROGRAMMING | $43,567 |
Staten Island, NY PURPOSE: ARTS PROGRAMMING | $42,400 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that The Carnegie Hall Corporation has recieved totaling $827,756.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: General support | $330,900 |
Elma Us Music Foundation New York, NY PURPOSE: PROJECT SUPPORT PAIRING LOW INCOME AND VULNERABLE NEW PARENTS WITH TEACHING ARTISTS TO WRITE AND SING LULLABIES TO SUPPORT MATERNAL HEALTH, AID CHILD DEVELOPMENT, AND STRENGTHEN THE BOND BETWEEN PARENT AND CHILD. | $200,000 |
Enoch Foundation Charitable Tr 100892 Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $90,000 |
The Pixley Hill Foundation Inc Lynbrook, NY PURPOSE: GENERAL SUPPORT | $62,500 |
Carl M Jacobs Foundation Cincinnati, OH PURPOSE: PROGRAM SUPPORT | $60,000 |
Howard And Sarah D Solomon Foundation New York, NY PURPOSE: CHARITABLE | $28,000 |
Endowment Analysis
| Beg. Balance | $299,794,653 |
| Earnings | $94,104,487 |
| Net Contributions | $7,500 |
| Other Expense | $18,959,000 |
| Ending Balance | $374,947,640 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Carnegie Hall Corporation New York, NY | $718,141,781 | $55,324,262 |
New Jersey Performing Arts Center Corporation Newark, NJ | $234,886,790 | $61,354,488 |
Arts Center And Theater Of Schenectady Inc Schenectady, NY | $50,280,440 | $24,412,009 |
Chautauqua Institution Chautauqua, NY | $118,476,230 | $15,373,676 |
New York City Center Inc New York, NY | $53,559,931 | $21,340,158 |
Horace Bushnell Memorial Hall Corporation Hartford, CT | $69,994,331 | $15,110,595 |
Wang Theatre Inc Boston, MA | $13,670,531 | $13,423,297 |
Sheas Oconnel Preservation Guild Ltd Buffalo, NY | $22,697,237 | $14,476,818 |
Mccarter Theatre Company Princeton, NJ | $28,336,036 | $11,621,825 |
Count Basie Theatre Inc Red Bank, NJ | $55,404,363 | $10,735,757 |
Saratoga Springs Performing Arts Center Inc Saratoga Springs, NY | $15,867,791 | $11,091,486 |
Bergen Performing Arts Center Inc Englewood, NJ | $9,351,635 | $7,559,054 |