Philadelphia Orchestra Association

Organization Overview

Philadelphia Orchestra Association is located in Philadelphia, PA. The organization was established in 1937. 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, Philadelphia Orchestra Association employed 457 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia Orchestra Association 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, Philadelphia Orchestra Association generated $41.1m 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 (5.2%) each year. All expenses for the organization totaled $34.4m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 6 years. 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

TO SHARE THE TRANSFORMATIVE POWER OF MUSIC WITH THE WIDEST AUDIENCE.

Describe the Organization's Program Activity:

ORCHESTRAL MUSIC PROGRAMS: THE PHILADELPHIA ORCHESTRA TOOK PART IN APPROXIMATELY 60 PERFORMANCE EVENTS THROUGHOUT THE YEAR: DIGITAL STAGE CONCERTS OFFERED THROUGH ONLINE STREAMING (27), EDUCATION SERIES (3) TOURS AND REGIONAL CONCERTS (21), COMMUNITY AND OTHER EVENTS (5). THE PHILADELPHIA ORCHESTRA ALSO PROVIDED FREE VIRTUAL CONCERTS THROUGH ITS WEBSITE.


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Board, Officers & Key Employees

Name (title)Compensation
Matias Tarnopolsky
Board Member/pres And CEO
$534,841
David Kim
Musician/board Member
$377,736
Ryan Fleur
Executive Director
$363,987
Ricardo Morales
Musician
$293,739
Kimberly Fisher
Musician
$257,988
David Bilger
Musician
$255,019

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Adage Technologies Inc
Information Technology Svcs.
$291,575
Yannick Nezet-seguin
Music Director
$813,479
Charlie Wade
Marketing Consultant
$216,900
Chambers Group
Printing
$209,026
Mayoseitz Media
Advertising
$240,280
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$622,396
Related organizations$1,325,363
Government grants $7,384,184
All other contributions, gifts, grants, and similar amounts not included above$21,667,972
Noncash contributions included in lines 1a–1f $8,171,330
Total Revenue from Contributions, Gifts, Grants & Similar$30,999,915
Total Program Service Revenue$1,777,942
Investment income $4,591,527
Tax Exempt Bond Proceeds $0
Royalties $90,315
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,522,415
Net Income from Fundraising Events $127,196
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $41,118,272

Grants Recieved

Over the last fiscal year, we have identified 52 grants that Philadelphia Orchestra Association has recieved totaling $3,639,833.

Awarding OrganizationAmount
Wyncote Foundation

Philadelphia, PA

PURPOSE: SUPPORT FOR PIPE ORGAN PROGRAMMING

$1,000,000
Pew Charitable Trusts

Washington, DC

PURPOSE: Civic Life

$500,000
University Of The Arts

Philadelphia, PA

PURPOSE: ARTS AND CULTURAL PROJECTS

$468,000
William Penn Foundation

Philadelphia, PA

PURPOSE: ARTS EDUCATION

$285,000
William Penn Foundation

Philadelphia, PA

PURPOSE: ARTS EDUCATION

$285,000
William Penn Foundation

Philadelphia, PA

PURPOSE: CORE SUPPORT 2020

$275,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$130,850,691
Earnings$34,049,936
Net Contributions$6,893,980
Other Expense$6,856,648
Ending Balance$164,937,959

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