Princeton Symphony Orchestra Inc
- Assets
- $10.4m
- Revenue
- $2.6m
- Investments
- $8.1m
- Employees
- 303
- Location
- Princeton, NJ
- Founding
- 12/1980
- Data as of
- 06/2022
- EIN
- 22-2327766
Organization Overview
Princeton Symphony Orchestra Inc is located in Princeton, NJ. The organization was established in 1980. 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, Princeton Symphony Orchestra Inc employed 303 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton Symphony 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 06/2022, Princeton Symphony Orchestra Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $3.4m during the year ending 06/2022. While expenses have increased by 12.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATE OPPORTUNITIES FOR PEOPLE IN THE GREATER PRINCETON AREA TO EXPERIENCE EXCELLENT, INNOVATIVE LIVE MUSIC IN MANY FORMS AND VENUES, ENCOURAGING THEM TO ENGAGE IN THE ART FORM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMING CLASSICAL MASTERWORKS - A FULL SEASON OF 6 PAIRS OF CONCERTS WAS PRESENTED AT RICJARDSON AUDITORIUM. A TOTAL AUDIENCE OF 8,550 WAS REACHED. 5 CHAMBER MUSIC CONCERTS WERE PRESENTED TO A TOTAL OF 495 PEOPLE (SEE SCHEDULE O)
THE PRINCETON FESTIVAL - 16 PERFORMANCES ACCOMPANYING EDUCATIONAL LECTURES AND ANCILLARY EVENTS. PERFORMANCES INCLUDED A FULLY STAGED PRODUCTION OF ROSSINI'S BARBER OF SEVILLE, ORCHESTRAL POPS, BAROQUE, CHAMBER, DANCE, AND MUSIC THEATER. A TOTAL LIVE AUDIENCE OF 7,500 WAS SERVED (SEE SCHEDULE O)
EDUCATION - IN FY23, ALL PROGRAMS RETURNED TO IN-PERSON. ACTIVITIES INCLUDED 60 CLASSROOM VISITS, A "LISTEN-UP" WORKSHOP, AND 2 "SCHOOLDAY" CONCERTS. PSO'S PARTNERSHIP WITH YOCJ CONTINUED, WITH IN-PERSON REHEARSALS WITH PSO'S ASSISTANT CONDUCTOR. PSO MUSICIANS RAN SECTIONALS AND MASTERCLASSES. ACTIVITIES WITH THE PRINCETON FESTIVAL INCLUDED AN INSTRUMENT PETTING ZOO AND A FAMILY POPS CONCERTTOTAL LIVE AUDIENCE: 4,500(SEE SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Uys Executive Director | Officer | 40 | $198,093 |
Rossen Milanov Music Director | 15 | $145,000 | |
Suzanne D Wray Director Of Development | 40 | $112,958 | |
Stephanie Wedeking Chair/trustee | OfficerTrustee | 10 | $0 |
Anne Vanlent Vice Chair/trustee | OfficerTrustee | 4 | $0 |
Michael Mathews Treasurer/trustee | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,665,465 |
| Investment income | $413,988 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$36,543 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $12,486 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,561,737 |
| Statement of Expenses | |
|---|---|
| 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. | $209,505 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,267,064 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $54,241 |
| Payroll taxes | $116,861 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,729 |
| Fees for services: Accounting | $37,984 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,686 |
| Fees for services: Other | $516,261 |
| Advertising and promotion | $130,703 |
| Office expenses | $41,914 |
| Information technology | $65,164 |
| Royalties | $0 |
| Occupancy | $325,980 |
| Travel | $163,661 |
| 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 | $16,346 |
| Insurance | $32,150 |
| All other expenses | $0 |
| Total functional expenses | $3,429,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $314,428 |
| Savings and temporary cash investments | $380,100 |
| Pledges and grants receivable | $1,525,533 |
| Accounts receivable, net | $4,830 |
| 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 | $15,600 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,076,172 |
| Investments—program-related | $0 |
| Intangible assets | $29,198 |
| Other assets | $0 |
| Total assets | $10,355,967 |
| Accounts payable and accrued expenses | $282,382 |
| Grants payable | $0 |
| Deferred revenue | $163,047 |
| 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 | $445,429 |
| Net assets without donor restrictions | $1,625,734 |
| Net assets with donor restrictions | $8,284,804 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $9,910,538 |