Peoples Symphony Concerts
- Assets
- $7.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1939
- Data as of
- 05/2022
- EIN
- 13-6034060
Organization Overview
Peoples Symphony Concerts is located in New York, NY. The organization was established in 1939. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, 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. Peoples Symphony Concerts 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 05/2022, Peoples Symphony Concerts generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $557.8k during the year ending 05/2022. While expenses have increased by 5.6% per year over the past 7 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
THE ORGANIZATION WAS FOUNDED TO PROVIDE AFFORDABLE CLASSICAL MUSIC CONCERTS TO THE PUBLIC OF NYC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AFFORDABLY PRICED CLASSICAL MUSICAL CONCERTS FOR RESIDENTS OF THE NEW YORK METROPOLITAN AREA OF MODEST MEANS. IN FISCAL 2022, THE ORGANIZATION SCHEDULED AND SPONSORED 18 CONCERT EVENTS.
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 |
|---|---|---|---|
Susan Porter Chairperson | OfficerTrustee | 1 | $0 |
Richard R Howe President | OfficerTrustee | 1 | $0 |
Frederick Wertheim Secretary And Treasurer | OfficerTrustee | 2 | $0 |
Richard A Raffetto Board Member | Trustee | 1 | $0 |
Jose Andrade Board Member | Trustee | 1 | $0 |
Stephen V Murphy Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $182,246 |
| All other contributions, gifts, grants, and similar amounts not included above | $528,196 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $710,442 |
| Total Program Service Revenue | $169,639 |
| Investment income | $123,653 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $166,615 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,218,325 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $198,014 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,062 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,600 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,852 |
| Office expenses | $6,695 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $26,936 |
| All other expenses | $2,895 |
| Total functional expenses | $557,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $97,016 |
| 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 | $11,198 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,141,680 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,747 |
| Total assets | $7,254,641 |
| Accounts payable and accrued expenses | $18,763 |
| 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 | $0 |
| Total liabilities | $18,763 |
| Net assets without donor restrictions | $7,183,478 |
| Net assets with donor restrictions | $52,400 |
| 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 | $7,254,641 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Peoples Symphony Concerts has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Richard R Howe Foundation Short Hills, NJ PURPOSE: UNRESTRICTED USE IN CHARITABLE ENDEAVOR | $2,500 |
Endowment Analysis
| Beg. Balance | $50,000 |
| Earnings | $866 |
| Other Expense | -$866 |
| Ending Balance | $50,000 |
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 |