Symphony Space Inc is located in New York, NY. The organization was established in 1978. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Symphony Space Inc employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Symphony Space 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 06/2022, Symphony Space Inc generated $6.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $5.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE LAUNCHED THE FY22 SEASON WITH EQUAL MEASURES OF ENTHUSIASM AND CAUTION AS WE WELCOMED ARTISTS AND AUDIENCES BACK TO OUR THEATERS AFTER 19 MONTHS OF VIRTUAL-ONLY PROGRAMMING. WE MAPPED OUT A CAREFUL REOPENING PLAN FOR OUR SEASON WITH A LIGHT ROSTER OF FALL SHOWS, INCREASING PROGRAMMING MID-WINTER, AND BUILDING TO A MORE ROBUST LINE-UP IN THE SPRING.
Describe the Organization's Program Activity:
LITERATUREON OUR PHYSICAL AND VIRTUAL STAGES, SYMPHONY SPACE PRESENTED A FULL SLATE OF ARTISTICALLY AND CULTURALLY DIVERSE LITERARY PROGRAMS THAT FEATURE CLASSIC AND CONTEMPORARY WORKS BY ESTABLISHED AND EMERGING AUTHORS. OUR SELECTED SHORTS LITERARY SERIES WAS CONCEIVED WITH A SIMPLE PREMISE-GREAT STORIES PERFORMED BY GREAT ACTORS-AND IT HAS INFLUENCED GENERATIONS OF READERS THROUGH LIVE PERFORMANCES ON STAGES IN NEW YORK CITY AND ACROSS THE COUNTRY. THE SELECTED SHORTS RADIO HOUR AIRS ON 120 PUBLIC RADIO STATIONS, ATTRACTING 200,000 LISTENERS EACH WEEK; MORE THAN 55,000 PEOPLE DOWNLOAD THE PODCAST EVERY WEEK.AT THE THALIA BOOK CLUB, READERS AND WRITERS REVISITED CHERISHED CLASSICS AND EXPLORED NEW AND NOTEWORTHY WORKS THROUGHOUT EVENTS THAT FEATURED WIDE-RANGING AUTHOR INTERVIEWS, A VIVID PERFORMANCE OF AN EXCERPT BY AN ACTOR, AND A LIVELY Q & A WITH THE AUDIENCE.
BROADCASTING, FILM, MUSIC, FAMILY PROGRAMS, WALL TO WALL AND OTHER PROGRAMS.
RENTALSSYMPHONY SPACE FOSTERS COMMUNITY AND ARTISTIC EXPRESSION BEYOND OUR OWN PROGRAMMING, FROM MAYORAL DEBATES TO MUSIC PERFORMANCES, FROM SCHOOL GRADUATIONS TO INTERNATIONAL DANCE COMPETITIONS. BY OFFERING FULLY-EQUIPPED THEATERS, AS WELL AS BOX OFFICE, MARKETING, AND HOUSE MANAGEMENT SERVICES AT RENTAL RATES LOWER THAN COMPARABLE VENUES, WE PROVIDE AN AFFORDABLE HOME TO COMMUNITY AND PERFORMING ARTS ORGANIZATIONS. IN FY22, WE SUPPORTED 96 RENTAL EVENTS BY MORE THAN 80 VISITING PRESENTERS, JOYOUSLY WELCOMING BACK THESE ARTISTS, COMMUNITY GROUPS, AND THEIR AUDIENCES AFTER THE NEARLY COMPLETE SHUT-DOWN OF OUR THEATERS IN FY21.
ARTS EDUCATIONSYMPHONY SPACE'S GLOBAL ARTS PROGRAM DELIVERED CREATIVE AND RESTORATIVE EDUCATIONAL EXPERIENCES FOR 15,000 STUDENTS ACROSS NEW YORK CITY, HARNESSING THE POWER OF THE ARTS TO EXPLORE THE TRADITIONS AND INFLUENCES OF AFRICAN, ASIAN, NATIVE AMERICAN, AND LATIN AMERICAN CULTURES. WE PRODUCED THREE NEWLY CURATED SHOWS, EACH LIVESTREAMED DIRECTLY FROM OUR THEATER INTO SCHOOLS - COMPLETELY FREE-OF-CHARGE. FROM THE BRONX TO BROOKLYN, ACROSS MANHATTAN AND QUEENS, 29 SCHOOLS PARTICIPATED, AND OUR TEACHING ARTISTS BROUGHT RICH CULTURAL HISTORIES AND ART TO LIFE FOR THOUSANDS OF CHILDREN IN SCHOOLS AND HOMES WHERE THEY WERE LEARNING AND LIVING. OUR ALL WRITE! LITERACY PROGRAM HELPS ADULT LEARNERS DRAMATICALLY IMPROVE THEIR READING AND WRITING SKILLS-ALONG WITH THEIR PROSPECTS FOR A MORE SATISFYING LIFE. SYMPHONY SPACE PARTNERS WITH THE COLLEGES, LIBRARIES, AND COMMUNITY-BASED ORGANIZATIONS TO OPEN A WORLD OF OPPORTUNITIES FOR ADULT LEARNERS AND THEIR FAMILIES-COMPLETELY FREE OF CHARGE. TO ACCOMMODATE HEALTH AND SAFETY NEEDS, AS WELL AS THE GROWING GEOGRAPHICAL REACH OF THE PROGRAM, WE OFFERED BOTH IN-PERSON AND VIRTUAL PROFESSIONAL DEVELOPMENT WORKSHOPS FOR LITERACY INSTRUCTORS, AND OUR PERFORMANCES WERE AVAILABLE TO IN-PERSON AUDIENCES AND VIA LIVESTREAM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lenore Davis Chair | OfficerTrustee | 5 | $0 |
Elaine Hochberg Vice Chair | OfficerTrustee | 1 | $0 |
Richard Mittenthal Vice Chair | OfficerTrustee | 1 | $0 |
Steven Aresty Treasurer | OfficerTrustee | 1 | $0 |
Howard Kailes Secretary | OfficerTrustee | 1 | $0 |
Steven M Alden Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $118,205 |
Fundraising events | $417,228 |
Related organizations | $0 |
Government grants | $2,484,545 |
All other contributions, gifts, grants, and similar amounts not included above | $1,051,095 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,071,073 |
Total Program Service Revenue | $1,572,731 |
Investment income | $161,490 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $425,324 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $46,667 |
Miscellaneous Revenue | $0 |
Total Revenue | $6,280,684 |
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. | $378,685 |
Compensation of current officers, directors, key employees. | $69,812 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,604,437 |
Pension plan accruals and contributions | $36,859 |
Other employee benefits | $218,198 |
Payroll taxes | $240,441 |
Fees for services: Management | $0 |
Fees for services: Legal | $96 |
Fees for services: Accounting | $42,247 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $102,183 |
Fees for services: Other | $661,728 |
Advertising and promotion | $270,696 |
Office expenses | $138,603 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $224,983 |
Travel | $7,744 |
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 | $471,931 |
Insurance | $58,271 |
All other expenses | $0 |
Total functional expenses | $5,901,603 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $743,321 |
Savings and temporary cash investments | $871,643 |
Pledges and grants receivable | $1,276,229 |
Accounts receivable, net | $127,654 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $11,276 |
Prepaid expenses and deferred charges | $216,634 |
Net Land, buildings, and equipment | $9,202,691 |
Investments—publicly traded securities | $9,212,790 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $21,662,238 |
Accounts payable and accrued expenses | $412,923 |
Grants payable | $0 |
Deferred revenue | $98,410 |
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 | $438,500 |
Total liabilities | $949,833 |
Net assets without donor restrictions | $10,817,595 |
Net assets with donor restrictions | $9,894,810 |
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 | $21,662,238 |