Rochester Philharmonic Orchestra Inc
- Assets
- $20.8m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 189
- Location
- Rochester, NY
- Founding
- 07/1942
- Data as of
- 06/2021
- EIN
- 16-0765613
Organization Overview
Rochester Philharmonic Orchestra Inc is located in Rochester, 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 06/2021, Rochester Philharmonic Orchestra Inc employed 189 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester Philharmonic 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, Rochester Philharmonic Orchestra Inc generated $7.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $7.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.3%) 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
PROVIDE SYMPHONIC ENTERTAINMENT THROUGH A VARIETY OF PRODUCT LINES AND OUTREACH PROGRAMS DESIGNED TO ENRICH, EDUCATE AND INSPIRE, AND CONTINUE THE HERITAGE OF ORCHESTRAL MUSIC FOR THE RESIDENTS OF ROCHESTER, NEW YORK AND THE SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ROCHESTER PHILHARMONIC ORCHESTRA PRESENTS LIVE SYMPHONIC CONCERTS AND RADIO BROADCASTS TO THEIR RESPECTIVE AUDIENCES.
THE ROCHESTER PHILHARMONIC ORCHESTRA PRESENTS LIVE SYMPHONIC CONCERTS AND RADIO BROADCASTS TO THEIR RESPECTIVE AUDIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis Long President And Chief Execut | OfficerTrustee | 38 | $198,597 |
Jeff Tyzik Pops Conductor | 40 | $167,546 | |
Ron Steinmiller Chief Financial And Operat | Officer | 40 | $117,457 |
Domenic Argentieri Vice President Of Development | 40 | $112,739 | |
Erik Behr Board Member, Musician | Trustee | 1 | $51,396 |
Rebecca Gilbert Board Member, Musician | Trustee | 1 | $47,139 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $490,684 |
| Government grants | $1,948,590 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,948,975 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,388,249 |
| Total Program Service Revenue | $297,534 |
| Investment income | $16,268 |
| 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 | $7,702,051 |
| 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. | $434,110 |
| Compensation of current officers, directors, key employees. | $294,991 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,957,191 |
| Pension plan accruals and contributions | $8,395 |
| Other employee benefits | $1,146,702 |
| Payroll taxes | $5,629 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,702 |
| Fees for services: Accounting | $31,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $85,144 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $284,773 |
| Advertising and promotion | $141,049 |
| Office expenses | $31,062 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $205,195 |
| Travel | $42,903 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,852 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,599 |
| Insurance | $42,367 |
| All other expenses | $78,928 |
| Total functional expenses | $7,189,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $523,659 |
| Savings and temporary cash investments | $13,140 |
| Pledges and grants receivable | $3,237,312 |
| Accounts receivable, net | $251,727 |
| 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 | $149,865 |
| Net Land, buildings, and equipment | $117,210 |
| Investments—publicly traded securities | $2,872,539 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,592,115 |
| Total assets | $20,757,567 |
| Accounts payable and accrued expenses | $1,297,689 |
| Grants payable | $0 |
| Deferred revenue | $3,213,757 |
| 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 | $236,770 |
| Unsecured mortgages and notes payable | $500,000 |
| Other liabilities | $232,000 |
| Total liabilities | $5,480,216 |
| Net assets without donor restrictions | -$4,511,050 |
| Net assets with donor restrictions | $19,788,401 |
| 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 | $20,757,567 |
Grants Recieved
Over the last fiscal year, we have identified 36 grants that Rochester Philharmonic Orchestra Inc has recieved totaling $1,167,283.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: GENERAL DONATION | | $350,000 |
Rochester Area Community Foundation Rochester, NY PURPOSE: FOR GENERAL SUPPORT | $264,365 |
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT ARTS PROGRAMMING FOR INDIVIDUALS WITH DEMENTIA AND THEIR CARE PARTNERS | $100,000 |
Rochester Area Community Foundation Depository Inc Rochester, NY PURPOSE: FOR GENERAL SUPPORT | $56,750 |
William & Sheila Konar Foundation W Henrietta, NY PURPOSE: ANNUAL CAMPAIGN SUPPORT FOR LOCAL MUSICIANS | $50,000 |
Rochester General Hospital Rochester, NY PURPOSE: SPONSORSHIP | $50,000 |
Endowment Analysis
| Beg. Balance | $1,377,889 |
| Earnings | $289,879 |
| Net Contributions | $2,958,314 |
| Other Expense | $1,753,543 |
| Ending Balance | $2,872,539 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Allentown Symphony Association Inc Allentown, PA | $15,521,853 | $2,408,487 |
Stamford Symphony Orchestra Inc Stamford, CT | $4,591,882 | $2,087,618 |