American Symphony Orchestra Inc
- Assets
- $2.2m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 119
- Location
- New York, NY
- Founding
- 12/1964
- Data as of
- 06/2022
- EIN
- 13-1969375
Organization Overview
American Symphony Orchestra Inc is located in New York, NY. The organization was established in 1964. 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 06/2022, American Symphony Orchestra Inc employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Symphony Orchestra Inc 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 06/2022, American Symphony Orchestra Inc generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESENT AFFORDABLE SYMPHONY CONCERTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SELF PRESENTED - A SERIES OF CONCERTS OPEN TO THE PUBLIC BY PURCHASE OF INDIVIDUAL SEASON TICKETS.
SERVICE CONTRACTS - CONCERTS PERFORMED BY THE SYMPHONY AT VARIOUS LOCATIONS FOR VARIOUS ORGANIZATIONS FOR A FEE AT ESTIMATED COST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dimitri B Papadimitriou Chair | OfficerTrustee | 1 | $0 |
Hans-Jurgen Knoch Vice Chair | OfficerTrustee | 1 | $0 |
Helen Baron Trustee | Trustee | 1 | $0 |
Leon Botstein Trustee/music Director | Trustee | 10 | $135,000 |
Miriam R Berger Trustee | Trustee | 1 | $0 |
Jon R Carter Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,200,930 |
| All other contributions, gifts, grants, and similar amounts not included above | $759,055 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,959,985 |
| Total Program Service Revenue | $680,629 |
| Investment income | $1,962 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,402 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,647,978 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $147,000 |
| Compensation of current officers, directors, key employees. | $12,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,249,293 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $487,870 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $35,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $365,015 |
| Advertising and promotion | $14,527 |
| Office expenses | $13,589 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,595 |
| Travel | $15,667 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $605 |
| Insurance | $12,008 |
| All other expenses | $584 |
| Total functional expenses | $2,604,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,115 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,910,848 |
| Accounts receivable, net | $32,342 |
| 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 | $182,291 |
| Net Land, buildings, and equipment | $30,812 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $410 |
| Total assets | $2,198,818 |
| Accounts payable and accrued expenses | $39,281 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $3,141,211 |
| Total liabilities | $3,180,492 |
| Net assets without donor restrictions | -$2,892,522 |
| Net assets with donor restrictions | $1,910,848 |
| 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 | $2,198,818 |