Salzburg Festival Society Inc
- Assets
- $428.3k
- Revenue
- $681.5k
- Investments
- $0.0
- Employees
- 1
- Location
- New York, NY
- Founding
- 03/2006
- Data as of
- 12/2022
- EIN
- 41-2178546
Organization Overview
Salzburg Festival Society Inc is located in New York, NY. The organization was established in 2006. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salzburg Festival Society 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 12/2022, Salzburg Festival Society Inc generated $681.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $541.5k during the year ending 12/2022. While expenses have increased by 3.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
TO SERVE AS A LIAISON BETWEEN THE SALZBURG FESTIVAL AND ITS AMERICAN FRIENDS AND PATRONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOCIETY SUPPORTED THE SALZBURG FESTIVAL PROGRAMS. THE SOCIETY PROVIDED $200,000 TO SUPPORT THE PRODUCTION OF DIE ZAUBERFLOTE, A COMEDY WITH A FAIRYTALE SETTING WAS DIRECTED BY AMERICAN STAGE DIRECTOR LYDIA STEIER. AMONG THE EXTRAORDINARY CAST WAS AMERICAN SOPRANO BRENDA RAE, AS THE QUEEN OF THE NIGHT. THE AMADEUS WEEKEND IS A PROGRAM OF THE SOCIETY THAT SUPPORTS THE GENERAL MISSION OF THE SALZBURG FESTIVAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr John French III Chairman | OfficerTrustee | 2 | $0 |
Mr Nabil Chartouni President | OfficerTrustee | 2 | $0 |
Mrs Dorothee Volpini DE Maestri Secretary | OfficerTrustee | 2 | $0 |
Mrs Elisabeth Muhr Treasurer | OfficerTrustee | 2 | $0 |
Mrs Noreen Buckfire Director | Trustee | 2 | $0 |
Mrs Krisina Hammer Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $67,381 |
| Fundraising events | $289,790 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $375,853 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $733,024 |
| Total Program Service Revenue | $5,325 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$56,894 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $681,455 |
| 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 | $345,726 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $116,699 |
| Compensation of current officers, directors, key employees. | $29,175 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,005 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,884 |
| Fees for services: Accounting | $18,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,035 |
| Advertising and promotion | $7,824 |
| Office expenses | $6,098 |
| Information technology | $2,524 |
| Royalties | $0 |
| Occupancy | $4,828 |
| Travel | $5,679 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $580 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $872 |
| All other expenses | $3,959 |
| Total functional expenses | $541,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $425,216 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $3,061 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $428,277 |
| Accounts payable and accrued expenses | $13,158 |
| Grants payable | $0 |
| Deferred revenue | $27,409 |
| 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 | $0 |
| Total liabilities | $40,567 |
| Net assets without donor restrictions | $287,710 |
| Net assets with donor restrictions | $100,000 |
| 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 | $428,277 |