American Symphony Orchestra Inc
- Assets
- $2.4m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 118
- Location
- New York, NY
- Founding
- 12/1964
- Data as of
- 06/2021
- 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 06/2021, American Symphony Orchestra Inc employed 118 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 06/2021, American Symphony Orchestra Inc generated $1.0m 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 (17.2%) each year. All expenses for the organization totaled $923.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (18.7%) 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
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leon Botstein Trustee/music Director | Trustee | 10 | $135,000 |
Oliver Inteeworn Executive Director | Officer | 40 | $12,000 |
Dimitri B Papadimitriou Chair | OfficerTrustee | 1 | $0 |
Hans-Jurgen Knoch Vice Chair | Trustee | 1 | $0 |
Helen Baron Trustee | Trustee | 1 | $0 |
Miriam R Berger Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $142,232 |
| All other contributions, gifts, grants, and similar amounts not included above | $810,146 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $952,378 |
| Total Program Service Revenue | $11,802 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,743 |
| 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 | $1,020,123 |
| 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 | $319,155 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $92,111 |
| 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 | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $150,527 |
| Advertising and promotion | $3,288 |
| Office expenses | $2,825 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $153,540 |
| Travel | $1,810 |
| 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 | $21,270 |
| All other expenses | $946 |
| Total functional expenses | $923,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,725 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,910,848 |
| Accounts receivable, net | $65,861 |
| 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 | $160,286 |
| Net Land, buildings, and equipment | $31,417 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $410 |
| Total assets | $2,385,547 |
| Accounts payable and accrued expenses | $1,492 |
| 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 | $3,409,552 |
| Total liabilities | $3,411,044 |
| Net assets without donor restrictions | -$2,936,345 |
| 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 | $2,385,547 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that American Symphony Orchestra Inc has recieved totaling $350.
| Awarding Organization | Amount |
|---|---|
Ford Foundation New York, NY PURPOSE: MATCHING GIFT | $300 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Symphony Orchestra Inc Boston, MA | $745,262,219 | $89,872,398 |
Philharmonic-Symphony Society Of New York Inc New York, NY | $534,569,080 | $138,634,882 |
Philadelphia Orchestra Association Philadelphia, PA | $211,538,479 | $41,118,272 |
Pittsburgh Symphony Inc Pittsburgh, PA | $194,466,393 | $30,739,984 |
New Jersey Symphony Orchestra Newark, NJ | $12,634,412 | $12,910,552 |
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 |
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 |