Binghamton Philharmonic Inc
- Assets
- $1.5m
- Revenue
- $1.6m
- Investments
- $35.3k
- Employees
- 171
- Location
- Binghamton, NY
- Founding
- 11/1976
- Data as of
- 06/2023
- EIN
- 16-1066518
Organization Overview
Binghamton Philharmonic Inc is located in Binghamton, NY. The organization was established in 1976. 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 06/2023, Binghamton Philharmonic Inc employed 171 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Binghamton Philharmonic 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 06/2023, Binghamton Philharmonic Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $772.1k during the year ending 06/2023. While expenses have increased by 0.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE BINGHAMTON PHILHARMONIC IS A PROFESSIONAL SYMPHONY ORCHESTRA DEDICATED TO PROVIDING OUR REGION WITH PERFORMANCES OF LIVE CLASSICAL MUSIC BY ARTISTS OF INCOMPARABLE TALENT; WE MAKE GREAT MUSIC ACCESSIBLE TO ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PHILHARMONIC PERFORMS CLASSICAL & POPS ORCHESTRIAL CONCERTS FOR THE GENERAL PUBLIC. ALL PROGRAM SERVICE REVENUE AND EXPENSE ARE CONNECTED WITH THIS ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Cienniwa Executive Dir. | Officer | 40 | $61,167 |
Jeff Cull Director | Trustee | 1 | $0 |
Ann Yeager Director | Trustee | 1 | $0 |
Jud Spena Director | Trustee | 1 | $0 |
Megan Curinga Director | Trustee | 1 | $0 |
Debby Epstein Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $89,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,063,657 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,152,657 |
| Total Program Service Revenue | $309,886 |
| Investment income | $87,771 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,625 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,571,939 |
| 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. | $61,167 |
| Compensation of current officers, directors, key employees. | $18,350 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $391,420 |
| Pension plan accruals and contributions | $5,829 |
| Other employee benefits | $0 |
| Payroll taxes | $29,666 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,136 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,623 |
| Advertising and promotion | $46,069 |
| Office expenses | $16,009 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,480 |
| Travel | $26,905 |
| 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 | $2,462 |
| Insurance | $35,388 |
| All other expenses | $18,417 |
| Total functional expenses | $772,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,296 |
| Savings and temporary cash investments | $29,804 |
| Pledges and grants receivable | $25,000 |
| Accounts receivable, net | $10,038 |
| 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 | $13,764 |
| Net Land, buildings, and equipment | $1,569 |
| Investments—publicly traded securities | $1,155,791 |
| Investments—other securities | $35,277 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,856 |
| Total assets | $1,531,395 |
| Accounts payable and accrued expenses | $7,462 |
| Grants payable | $0 |
| Deferred revenue | $139,222 |
| 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 | $46,856 |
| Total liabilities | $193,540 |
| Net assets without donor restrictions | $1,145,855 |
| Net assets with donor restrictions | $192,000 |
| 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 | $1,531,395 |