Rhode Island Philharmonic Orchestra & Music School
- Assets
- $14.9m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 357
- Location
- East Providence, RI
- Founding
- 09/1952
- Data as of
- 06/2023
- EIN
- 05-0267451
Organization Overview
Rhode Island Philharmonic Orchestra & Music School is located in East Providence, RI. The organization was established in 1952. 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 06/2023, Rhode Island Philharmonic Orchestra & Music School employed 357 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island Philharmonic Orchestra & Music School 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 06/2023, Rhode Island Philharmonic Orchestra & Music School generated $7.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $7.8m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH AND TRANSFORM RHODE ISLAND AND OUR REGION THROUGH GREAT MUSIC PERFORMANCE AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RHODE ISLAND PHILHARMONIC ORCHESTRA PROGRAM HIGHLIGHTS FOR 2022-2023:-WE CONTINUE TO BE ONE OF THE LARGEST COMBINED PROFESSIONAL ORCHESTRA AND COMMUNITY MUSIC SCHOOL IN THE COUNTRY, AND THE SECOND LARGEST ARTS ORGANIZATION IN RHODE ISLAND.-WE SERVED APPROXIMATELY 75,000 FOLKS THROUGH OUR TEACHING, EDUCATION CONCERTS, CLASSICAL CONCERTS AND LIVESTREAMING OVER THIS PAST YEAR
THE RI PHILHARMONIC MUSIC SCHOOL IS THE ONLY COMMUNITY MUSIC SCHOOL IN RHODE ISLAND AND ENCOURAGES LIFELONG ENGAGEMENT WITH MUSIC THROUGH COMPREHENSIVE MUSIC EDUCATION AND COMMUNITY PARTNERSHIP PROGRAMS TAUGHT BY ORCHESTRA MEMBERS AND OTHER OUTSTANDING FACULTY. WE PRIORITIZE ARTISTRY AND EDUCATION EQUALLY. WE PROVIDE CURRICULUM AND CONCERTS WHICH SERVED OVER 8,000 CHILDREN IN 77 SCHOOLS IN 35 SCHOOL DISTRICTS VIA THE INTERNET. WE PROVIDED OVER $345,000 IN CASH AND IN-KIND FINANCIAL AID TO STUDENTS WHICH COVERS 30% OF OUR POPULATION. WE HAVE PARTNERSHIPS WITH MANY OTHER ORGANIZATIONS IN THE STATE INCLUDING PROVIDENCE SINGERS, RI MUSIC EDUCATORS ASSOCIATION, AMERICAN BAND, NARRAGANSETT BAY SYMPHONY COMMUNITY ORCHESTRA, THE AUTISM PROJECT, LIFELONG LEARNINING COLLABORATIVE, GIRLS ROCK, PROVIDENCE COUNTRY DAY SCHOOL AND RI CHILRENS CHORUS. OTHER ORGANIZATIONS WE HAVE COLLABORATED WITH ARE BRADLEY HOSPITAL, LASALLE ACADEMY, BLACKSTONE ACADEMY, RI SCHOOL OF DESIGN, TRINITY REPARATORY COMPANY, RI STATE COUNCIL FOR THE ARTS, BROWN UNIVERSITY, RHODE ISLAND COLLEGE AND OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Malcolm Griggs President | OfficerTrustee | 2 | $0 |
Susan Chung President Elect | OfficerTrustee | 2 | $0 |
Robert Naparstek Past President | Trustee | 2 | $0 |
Brendan Mccory Treasurer (as | OfficerTrustee | 2 | $0 |
Edward Wing Chief Medical Advisor & Secretary | OfficerTrustee | 2 | $0 |
Robert J Manning Treasurer (to | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lincoln Energy Mechanical Mechanical Contractor | 6/29/23 | $413,714 |
Ew Burnman General Contractor | 6/29/23 | $293,481 |
United Theatre Education Center Inc Contract Services | 6/29/23 | $105,745 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $299,307 |
| Related organizations | $0 |
| Government grants | $1,556,283 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,444,294 |
| Noncash contributions included in lines 1a–1f | $197,393 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,299,884 |
| Total Program Service Revenue | $2,747,545 |
| Investment income | $142,897 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,775 |
| Net Gain/Loss on Asset Sales | $67,118 |
| Net Income from Fundraising Events | -$57,801 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,226,418 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $220,509 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $397,081 |
| Compensation of current officers, directors, key employees. | $160,629 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,029,679 |
| Pension plan accruals and contributions | $92,757 |
| Other employee benefits | $198,785 |
| Payroll taxes | $283,426 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $221,516 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,634 |
| Fees for services: Other | $861,021 |
| Advertising and promotion | $269,812 |
| Office expenses | $487,167 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $700,402 |
| Travel | $114,788 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $183,751 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $529,590 |
| Insurance | $89,300 |
| All other expenses | $0 |
| Total functional expenses | $7,825,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $433,797 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $658,425 |
| Accounts receivable, net | $159,250 |
| 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 | $106,753 |
| Net Land, buildings, and equipment | $6,887,864 |
| Investments—publicly traded securities | $6,426,104 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $226,160 |
| Total assets | $14,898,353 |
| Accounts payable and accrued expenses | $551,173 |
| Grants payable | $0 |
| Deferred revenue | $725,363 |
| Tax-exempt bond liabilities | $3,010,000 |
| 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 | $330,000 |
| Other liabilities | $0 |
| Total liabilities | $4,616,536 |
| Net assets without donor restrictions | $5,195,810 |
| Net assets with donor restrictions | $5,086,007 |
| 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 | $14,898,353 |