Boston Philharmonic Orchestra Corporation
- Assets
- $1.6m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 209
- Location
- Boston, MA
- Founding
- 08/1979
- Data as of
- 06/2021
- EIN
- 04-2678312
Organization Overview
Boston Philharmonic Orchestra Corporation is located in Boston, MA. The organization was established in 1979. 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 06/2021, Boston Philharmonic Orchestra Corporation employed 209 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Philharmonic Orchestra Corporation 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 06/2021, Boston Philharmonic Orchestra Corporation generated $1.9m 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 (5.4%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (14.2%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE BOSTON PHILHARMONIC ORCHESTRA (BPO) IS TO BRING THE VIBRANT JOY OF GREAT MUSIC TO NEW AND EXISTING AUDIENCES THROUGH ENGAGEMENT AND CONNECTION WITH THE MUSIC, THE PLAYERS AND THE CONDUCTOR. THROUGH OUR MUSIC, THE BPO ASPIRES TO EXPAND THE HUMAN 'POSSIBILITY AND REDEFINE AND REINVIGORATE THE CLASSICAL MUSIC EXPERIENCE FOR AUDIENCES AND PLAYERS ALIKE. THROUGH THE BOSTON PHILHARMONIC YOUTH ORCHESTRA AND CRESCENDO! COMMUNITY ENGAGEMENT PROGRAMS, WE WORK TO SHAPE FUTURE LEADERS THROUGH MUSIC AND TO FULFILL OUR VISION OF PASSIONATE MUSIC-MAKING WITHOUT BOUNDARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOSTON PHILHARMONIC YOUTH ORCHESTRA (BPYO): WITH A MISSION OF SHAPING FUTURE LEADERS THROUGH MUSIC, THE TUITION-FREE BPYO PROVIDES A UNIQUE OPPORTUNITY FOR ACCOMPLISHED YOUNG MUSICIANS (AGES 12-21) TO STUDY GREAT ORCHESTRAL REPERTOIRE IN A MUSICALLY DYNAMIC AND INTELLECTUALLY CHALLENGING COMMUNITY. IN ADDITION TO FREQUENT PERFORMANCES IN BOSTON'S SYMPHONY HALL AND SANDERS THEATRE, THE BPYO TOURS ANNUALLY AND HAS PERFORMED IN CARNEGIE HALL AND THROUGHOUT EUROPE AND SOUTH AMERICA. THERE WERE NO LIVE PERFORMANCES IN FY21 DUE TO COVID-19 BUT THE BPYO MET VIRTUALLY EVERY WEEK TO BROADEN THEIR MUSICAL AND SCORE-STUDYING SKILLS.
BOSTON PHILHARMONIC ORCHESTRA (BPO): ONE OF BOSTON'S PREMIER ORCHESTRAS, THE BPO IS COMMITTED TO BRINGING PASSIONATE MUSIC-MAKING TO THE WORLD. THE MEMBERS OF THE BPO ARE A UNIQUE BLEND OF PROFESSIONAL, STUDENT, AND AMATEUR MUSICIANS. THROUGH PROBING, INNOVATIVE PERFORMANCES OF THE HIGHEST QUALITY, CAREFULLY DESIGNED PROGRAMS, INFORMATIVE AND INTELLIGENT PROGRAM NOTES, AND PRE-CONCERT LECTURES THAT HEIGHTEN PARTICIPATION, THE BPO REACHES TO THE HEART OF GREAT MUSIC TO OFFER AN EXPANSIVE, ENRICHING EXPERIENCE FOR PLAYERS AND AUDIENCES ALIKE. THERE WERE NO LIVE PERFORMANCES IN FY21 DUE TO COVID-19 BUT BPO HELD VARIOUS VIRTUAL EVENTS AND ACTIVELY PURSUED FUNDRAISING EFFORTS FOR CONTRIBUTIONS AND SUPPORT.
THE BENJAMIN ZANDER CENTER IS AN INITIATIVE DEDICATED TO CAPTURING THEIMPACTFUL LEGACY OF BENJAMIN ZANDER, THE ORCHESTRA'S FOUNDER. THROUGHAN INNOVATIVE WEB PORTAL (THE BENJAMIN ZANDER CENTER), A RECORD LABEL(BRATTLE MEDIA), AND OTHER SPECIAL PROJECTS, THE MEDIA CENTER'S MISSIONIS TO BRING THE TRANSFORMATIVE POWER OF ZANDER'S TEACHINGS TO A GLOBALAUDIENCE.
CRESCENDO EDUCATION & COMMUNITY OUTREACH PROGRAM: THE BOSTON PHILHARMONIC ORCHESTRA (BPO) IS COMMITTED TO PROVIDING OPPORTUNITIES AND TOOLS FOR THE LOCAL COMMUNITY TO LEARN ABOUT AND HELP CREATE A PERSONAL CONNECTION TO CLASSICAL MUSIC. WITH A VISION OF PROVIDING A COMPREHENSIVE EDUCATIONAL EXPERIENCE THAT STUDENTS CAN TAKE FROM THE CLASSROOM TO THE PERFORMANCE HALL TO THEIR HOMES, THE EDUCATION AND COMMUNITY ENGAGEMENT PROGRAM INCLUDES SCHOOL VISITS BY BPO MUSICIANS, FREE TICKETS FOR SCHOOL GROUPS, AND PROGRAM BOOKS, ONLINE STUDY GUIDES AND ACTIVITIES DESIGNED FOR YOUNG PEOPLE TO WORK ON WITH THEIR TEACHERS OR FAMILIES. IN-PERSON ACTIVITIES WERE NOT POSSIBLE IN FY21 DUE TO COVID-19 - A VIRTUAL MENTORSHIP PROGRAM WAS DEVELOPED TO CONNECT MEMBERS OF THE BOSTON PHILHARMONIC YOUTH ORCHESTRA WITH YOUNG MUSICIANS IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elisabeth Christensen Managing Director | Officer | 40 | $115,000 |
Benjamin Zander Director, Music Director | Trustee | 40 | $3,846 |
Sherie Bush Chair | OfficerTrustee | 15 | $0 |
Thomas J Raffa Vice Chair, Treasurer | OfficerTrustee | 4 | $0 |
Andrew Goodearl Secretary | OfficerTrustee | 2 | $0 |
Peter Boberg Director (thru 1/21) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $241,246 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,653,702 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,894,948 |
| Total Program Service Revenue | $0 |
| Investment income | $8,077 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $1,903,523 |
| 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. | $166,865 |
| Compensation of current officers, directors, key employees. | $48,391 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $616,049 |
| Pension plan accruals and contributions | $2,598 |
| Other employee benefits | $52,175 |
| Payroll taxes | $7,574 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,031 |
| Advertising and promotion | $38,408 |
| Office expenses | $24,053 |
| Information technology | $94,446 |
| Royalties | $0 |
| Occupancy | $40,826 |
| Travel | $2,368 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,983 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,507 |
| Insurance | $13,831 |
| All other expenses | $0 |
| Total functional expenses | $1,151,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254 |
| Savings and temporary cash investments | $789,689 |
| Pledges and grants receivable | $347,128 |
| Accounts receivable, net | $58,617 |
| 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 | $7,202 |
| Net Land, buildings, and equipment | $97,120 |
| Investments—publicly traded securities | $306,642 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,060 |
| Total assets | $1,642,712 |
| Accounts payable and accrued expenses | $5,839 |
| Grants payable | $0 |
| Deferred revenue | $7,323 |
| 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 | $198,082 |
| Other liabilities | $0 |
| Total liabilities | $211,244 |
| Net assets without donor restrictions | $1,148,948 |
| Net assets with donor restrictions | $282,520 |
| 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 | $1,642,712 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Boston Philharmonic Orchestra Corporation has recieved totaling $15,662.
| Awarding Organization | Amount |
|---|---|
Mckenzie Fam Charitable Tr Putney, VT PURPOSE: PROGRAM SUPPORT | $15,000 |
Alchemy Foundation Cambridge, MA PURPOSE: GENERAL SUPPORT | $662 |
Endowment Analysis
| Beg. Balance | $77,070 |
| Earnings | $17,063 |
| Ending Balance | $94,133 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buffalo Philharmonic Orchestra Society Inc Buffalo, NY | $15,185,404 | $13,394,584 |
Rochester Philharmonic Orchestra Inc Rochester, NY | $20,757,567 | $7,702,051 |
Rhode Island Philharmonic Orchestra & Music School East Providence, RI | $15,804,954 | $5,398,910 |
Cape Arts & Entertainment Inc West Barnstable, MA | $10,466,895 | $5,101,262 |
Orpheus Chamber Orchestra Inc New York, NY | $1,908,737 | $3,345,104 |
Boston Youth Symphony Orchestra Inc Boston, MA | $8,731,148 | $5,999,512 |
Hartford Symphony Orchestra Inc Hartford, CT | $12,831,218 | $4,378,736 |
Musical Associates Of Central New York Inc Syracuse, NY | $3,413,784 | $4,180,183 |
New Haven Symphony Orchestra Inc New Haven, CT | $4,780,690 | $3,191,138 |
Stamford Symphony Orchestra Inc Stamford, CT | $4,591,882 | $2,087,618 |
Albany Symphony Orchestra Inc Albany, NY | $12,413,747 | $2,273,007 |
Vermont Symphony Orchestra Inc Burlington, VT | $6,301,057 | $2,290,759 |