Philharmonic Society Of N E Penna
- Assets
- $693.3k
- Revenue
- $370.3k
- Investments
- $0.0
- Employees
- 59
- Location
- Wilkesbarre, PA
- Founding
- 03/1972
- Data as of
- 06/2021
- EIN
- 23-1855655
Organization Overview
Philharmonic Society Of N E Penna is located in Wilkesbarre, PA. The organization was established in 1972. 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, Philharmonic Society Of N E Penna employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philharmonic Society Of N E Penna 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, Philharmonic Society Of N E Penna generated $370.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $215.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (24.5%) 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
THE PROMOTION OF MUSICAL ARTS IN NORTHEASTERN PENNSYLVANIA, THOUGH A SERIES OF PROFESSIONAL CONCERTS, SMALLER PERFORMANCES, AND COMMUNITY OUTREACH FOR MUSICAL KNOWLEDGE AND APPRECIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOCIETY CONDUCTS CONCERTS TO PROMOTE THE MUSICAL ARTS IN NORTHEASTERN PENNSYLVANIA. THE SOCIETY ALSO HELD SMALLER PERFORMANCES TO PROMOTE MUSICAL KNOWLEDGE AND APPRECIATION, AND TO GENERATE OUTREACH IN THE COMMUNITY REGARDING MUSIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Sanderson Executive Di | Officer | 48 | $64,899 |
James Chiaro Co-Treasurer | OfficerTrustee | 5 | $0 |
Joseph Karam DMD Vp, Developm | OfficerTrustee | 5 | $0 |
Donald Brobst ESQ President | OfficerTrustee | 10 | $0 |
Chris Kang ESQ Secretary | OfficerTrustee | 5 | $0 |
Maria Edmunds Asst. Sec./t | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $208,169 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,969 |
| Total Program Service Revenue | $14,180 |
| Investment income | $116,184 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,931 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $370,264 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,166 |
| Pension plan accruals and contributions | $155 |
| Other employee benefits | $18,907 |
| Payroll taxes | $11,005 |
| 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 | $5,300 |
| Fees for services: Other | $4,000 |
| Advertising and promotion | $0 |
| Office expenses | $11,551 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,001 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,708 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,721 |
| Insurance | $10,273 |
| All other expenses | $8,322 |
| Total functional expenses | $215,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,127 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $1,970 |
| Net Land, buildings, and equipment | $26,936 |
| Investments—publicly traded securities | $506,309 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $693,342 |
| Accounts payable and accrued expenses | $93,346 |
| Grants payable | $0 |
| Deferred revenue | $18,604 |
| 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 | $98,280 |
| Other liabilities | $0 |
| Total liabilities | $210,230 |
| Net assets without donor restrictions | -$23,197 |
| Net assets with donor restrictions | $506,309 |
| 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 | $693,342 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Philharmonic Society Of N E Penna has recieved totaling $45,480.
| Awarding Organization | Amount |
|---|---|
Scranton Area Foundation Inc Scranton, PA PURPOSE: TO SUPPORT GENERAL SERVICES | $31,590 |
The Luzerne Foundation Wilkesbarre, PA PURPOSE: PROGRAM SUPPORT AND DISTRIBUTION | $13,890 |
Endowment Analysis
| Beg. Balance | $414,519 |
| Earnings | $118,102 |
| Other Expense | -$26,312 |
| Ending Balance | $506,309 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philharmonic-Symphony Society Of New York Inc New York, NY | $534,569,080 | $138,634,882 |
The Musical Arts Association Cleveland, OH | $284,635,926 | $54,210,898 |
Cincinnati Symphony Orchestra Cincinnati, OH | $298,354,425 | $55,153,223 |
Philadelphia Orchestra Association Philadelphia, PA | $211,538,479 | $41,118,272 |
Pittsburgh Symphony Inc Pittsburgh, PA | $194,466,393 | $30,739,984 |
Baltimore Symphony Orchestra Inc Baltimore, MD | $16,033,795 | $20,177,740 |
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 |
Columbus Symphony Orchestra Inc Columbus, OH | $23,849,025 | $7,378,126 |
Rochester Philharmonic Orchestra Inc Rochester, NY | $20,757,567 | $7,702,051 |
Dayton Performing Arts Alliance Dayton, OH | $10,536,333 | $6,130,805 |
National Philharmonic Orchestra & Chorale Of Mongomery County Inc North Bethesda, MD | $1,849,727 | $2,888,620 |