Buffalo Philharmonic Orchestra Society Inc
- Assets
- $15.2m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 241
- Location
- Buffalo, NY
- Founding
- 10/1942
- Data as of
- 08/2021
- EIN
- 16-0755739
Organization Overview
Buffalo Philharmonic Orchestra Society Inc is located in Buffalo, NY. The organization was established in 1942. 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 08/2021, Buffalo Philharmonic Orchestra Society Inc employed 241 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Philharmonic Orchestra Society 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 08/2021, Buffalo Philharmonic Orchestra Society Inc generated $13.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $10.3m during the year ending 08/2021. 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 BUFFALO PHILHARMONIC ORCHESTRA SOCIETY, INC. PRODUCES SYMPHONIC MUSIC FOR THE CULTURAL BENEFIT OF THE BUFFALO, NEW YORK AREA, INCLUDING ARTISTIC EDUCATION PROGRAMS FOR AREA YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BUFFALO PHILHARMONIC ORCHESTRA PRODUCES SYMPHONIC MUSIC FOR THE CULTURAL BENEFIT OF THE BUFFALO, NEW YORK AREA INCLUDING ARTISTIC EDUCATION PROGRAMS FOR AREA YOUTH.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Hart Executive Director | Officer | 40 | $315,657 |
Kevin James CPA Director Of Finance | Officer | 40 | $117,462 |
Scott Stenclik Vice Chair - Chair Elect | OfficerTrustee | 5 | $0 |
John Yurtchuk Chair | OfficerTrustee | 5 | $0 |
Angelo Fatta Treasurer | OfficerTrustee | 5 | $0 |
Peter Eliopoulos Secretary | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bennett Direct Telephone Donor Services | 8/30/20 | $258,081 |
Maestra Productions Inc Staff Conductor Fees | 8/30/20 | $360,000 |
Newport Trust Company Investment Management | 8/30/20 | $249,303 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,265,881 |
| Government grants | $4,337,527 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,135,421 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,738,829 |
| Total Program Service Revenue | $1,074,916 |
| Investment income | $60,467 |
| 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 | $13,394,584 |
| 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. | $433,119 |
| Compensation of current officers, directors, key employees. | $48,087 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,815,072 |
| Pension plan accruals and contributions | $316,386 |
| Other employee benefits | $1,122,083 |
| Payroll taxes | $576,393 |
| 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 | $237,056 |
| Fees for services: Other | $72,020 |
| Advertising and promotion | $161,766 |
| Office expenses | $81,949 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,543 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,741 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $119,590 |
| Insurance | $40,159 |
| All other expenses | $189,594 |
| Total functional expenses | $10,343,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,455,854 |
| Savings and temporary cash investments | $667,929 |
| Pledges and grants receivable | $257,069 |
| Accounts receivable, net | $1,692,544 |
| 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 | $218,609 |
| Net Land, buildings, and equipment | $2,655,035 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,238,364 |
| Total assets | $15,185,404 |
| Accounts payable and accrued expenses | $576,191 |
| Grants payable | $0 |
| Deferred revenue | $2,107,021 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $777,362 |
| 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 | $656,945 |
| Total liabilities | $4,117,519 |
| Net assets without donor restrictions | $3,835,631 |
| Net assets with donor restrictions | $7,232,254 |
| 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 | $15,185,404 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that Buffalo Philharmonic Orchestra Society Inc has recieved totaling $6,764,264.
| Awarding Organization | Amount |
|---|---|
John R Oishei Foundation Buffalo, NY PURPOSE: ENDOWMENT | $5,000,000 |
The Cameron And Jane Baird Foundation Buffalo, NY PURPOSE: OPERATING SUPPORT OF SYMPHONY ORCHESTRA | $660,000 |
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: UNRESTRICTED USE; EDUCATION AND OUTREACH PROGRAMS; MAINTENANCE SUPPORT OF ORCHESTRA; ANNUAL FUND; OUTREACH TO BUFFALO KIDS IN PUBLIC SCHOOLS OR AGENCIES; MUSIC EDUCATION; IN MEMORY OF | $361,054 |
John R Oishei Foundation Buffalo, NY PURPOSE: NEXT GENERATION INITIATIVE | $300,000 |
The Walter E Schmid Family Foundation Charitable Trust Wilmington, DE PURPOSE: GENERAL | $100,000 |
Cullen Foundation Buffalo, NY PURPOSE: BPO GENERAL OPERATING SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Harrisburg Symphony Association Harrisburg, PA | $13,261,535 | $3,046,479 |
New Haven Symphony Orchestra Inc New Haven, CT | $4,780,690 | $3,191,138 |