Philadelphia Chamber Music Society
- Assets
- $8.1m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 10
- Location
- Philadelphia, PA
- Founding
- 10/1986
- Data as of
- 09/2020
- EIN
- 22-2736249
Organization Overview
Philadelphia Chamber Music Society is located in Philadelphia, PA. The organization was established in 1986. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Philadelphia Chamber Music Society employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia Chamber Music Society 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 09/2020, Philadelphia Chamber Music Society generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $1.7m during the year ending 09/2020. While expenses have increased by 1.7% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESENT WORLD-RENOWNED MUSICIANS, AT AFFORDABLE PRICES, AND MUSIC EDUCATION PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PCMS TYPICALLY PRESENTS 50 CONCERTS THAT FEATURE THE ONLY AREA APPEARANCES BY WORLD-RENOWNED ARTISTS. THIS YEAR, DUE TO THE COVID-19 LOCKDOWN, WE PRESENTED 39 CONCERTS THROUGH LIVE-STREAMING, PROVIDING MUSICIANS WITH VITAL OPPORTUNITIES AND INCOME, AND AUDIENCES EVERYWHERE WITH GREAT MUSIC WHEN THEY NEEDED IT THE MOST. THESE INCLUDED WORKS FROM ALL PERIODS, AND MUSICIANS OF DIVERSE ETHNICITIES. IN KEEPING WITH OUR MISSION TO OPEN DOORS TO PEOPLE FROM ALL WALKS OF LIFE, THE STREAMING WAS PROVIDED AT NO CHARGE, ON A PAY-WHAT-YOU-WISH BASIS. SINCE 1986, PCMS HAS PRESENTED OVER 2,000 CONCERTS, PLAYING A MAJOR ROLE IN INTRODUCING UNDER-REPRESENTED MUSICIANS AND ENRICHING THIS CITY AS A LEADING PERFORMING ARTS CENTER.
MANY OF PCMS' EMINENT ARTISTS ALSO MENTOR AND INSPIRE PHILADELPHIA STUDENTS THROUGH SOME 25 ANNUAL MASTER CLASSES AND CHILDREN'S EVENTS, HELD IN PARTNERSHIPS WITH AREA SCHOOLS AND NONPROFITS, AND OFFERED WITHOUT CHARGE. WE ALSO PROVIDE FREE PRE-CONCERT LECTURES, AND FREE AND DISCOUNTED STUDENT TICKETS. THIS YEAR, BECAUSE OF THE PANDEMIC, OUR EDUCATIONAL AND OUTREACH EVENTS WERE HELD ONLINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Miles Cohen Artistic Director | Officer | 30 | $69,425 |
Mr Philip Maneval Executive Director | Officer | 20 | $61,229 |
Julian A Brodsky Treasurer | OfficerTrustee | 5 | $0 |
Edward A Montgomery Jr Chair | OfficerTrustee | 5 | $0 |
Judith Hurtig Vice President | OfficerTrustee | 5 | $0 |
Susan S Gould Secretary | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marlboro School Of Music Payroll, Employee Benefits, Rent & Misc | 9/29/21 | $636,248 |
Kimmel Center Hall Rental And Concert Costs | 9/29/21 | $107,972 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,361,476 |
| Investment income | $176,962 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,780 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,863,053 |
| 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. | $129,979 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $213,938 |
| Pension plan accruals and contributions | $22,815 |
| Other employee benefits | $67,647 |
| Payroll taxes | $32,497 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,945 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $81,700 |
| Office expenses | $29,704 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,737 |
| 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 | $21,667 |
| Insurance | $15,140 |
| All other expenses | $0 |
| Total functional expenses | $1,715,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,000 |
| Savings and temporary cash investments | $407,602 |
| Pledges and grants receivable | $417,000 |
| 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 | $0 |
| Investments—publicly traded securities | $6,897,125 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,065,671 |
| Accounts payable and accrued expenses | $17,120 |
| Grants payable | $0 |
| Deferred revenue | $142,366 |
| 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 | $47,324 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $206,810 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $7,858,861 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Philadelphia Chamber Music Society has recieved totaling $804,693.
| Awarding Organization | Amount |
|---|---|
William Penn Foundation Philadelphia, PA PURPOSE: CORE SUPPORT FOR FISCAL YEARS 2020, 2021, AND 2022 | $187,500 |
Presser Foundation Philadelphia, PA PURPOSE: CAPITAL SUPPORT | $110,000 |
Presser Foundation Philadelphia, PA PURPOSE: CAPITAL SUPPORT | $110,000 |
William Penn Foundation Philadelphia, PA PURPOSE: RELIEF AND RECOVERY SUPPORT | $100,000 |
Presser Foundation Philadelphia, PA PURPOSE: CAPITAL SUPPORT | $40,000 |
Presser Foundation Philadelphia, PA PURPOSE: CAPITAL SUPPORT | $40,000 |
Endowment Analysis
| Beg. Balance | $1,945,158 |
| Earnings | $271,243 |
| Net Contributions | $350,999 |
| Other Expense | $35,480 |
| Ending Balance | $2,531,920 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mann Center For The Performing Arts Philadelphia, PA | $32,818,014 | $23,395,696 |
Columbus Association For The Performing Arts Inc Columbus, OH | $47,823,383 | $16,173,985 |
Victoria Theatre Association Dayton, OH | $35,834,057 | $28,922,737 |
Mccarter Theatre Company Princeton, NJ | $28,336,036 | $11,621,825 |
Count Basie Theatre Inc Red Bank, NJ | $61,930,466 | $14,783,970 |
Rochester Broadway Theatre League Inc Rochester, NY | $14,097,725 | $11,757,109 |
Strathmore Hall Foundation Inc North Bethesda, MD | $27,256,314 | $8,322,288 |
Cincinnati Arts Association Cincinnati, OH | $56,926,622 | $8,741,930 |
Arts Center And Theater Of Schenectady Inc Schenectady, NY | $59,537,808 | $17,534,824 |
Saratoga Springs Performing Arts Center Inc Saratoga Springs, NY | $31,890,328 | $10,810,263 |
Strand-Capitol Performing Arts Center Inc York, PA | $13,276,794 | $10,332,110 |
Symphony Space Inc New York, NY | $23,080,716 | $5,038,783 |