Encore Series Inc
- Assets
- $1.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 155
- Location
- Philadelphia, PA
- Founding
- 08/1999
- Data as of
- 06/2021
- EIN
- 23-2996689
Organization Overview
Encore Series Inc, operating under the name The Philly Pops, is located in Philadelphia, PA. The organization was established in 1999. 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 06/2021, Philly Pops employed 155 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philly Pops 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, Philly Pops generated $1.3m 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 (19.5%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (15.2%) 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
TO PROVIDE CULTURAL EVENTS SUCH AS CONCERTS AND SPECIAL MUSICAL PERFORMANCES IN THE GREATER PHILADELPHIA AREA AND EDUCATE THE GENERAL PUBLIC ABOUT MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 20/21 SEASON, FY 21, WAS SILENT FOR EARNED REVENUE PERFORMANCE (SUPPORTED BY TICKET SALES) DUE TO THE CONTINUED INFLUENCE OF THE PANDEMIC. THE POPS PERFORMED FIVE TIMES, FOUR TIMES WITHOUT AN AUDIENCE, AND ONCE AS A BENEFIT CONCERT. ALL FIVE PERFORMANCES WERE STREAMED OR BROADCAST MARKING A MOVE TO DIGITAL FOR THESE MONTHS WHEN LIVE AUDIENCES WERE NOT PERMITTED. PERFORMANCES WERE SALUTE SERIES SPECIFIC: INDEPENDENCE WEEK, ON BOTH JULY 3 AND 4, CHRISTMAS SALUTE, AND MEMORIAL SALUTE IN MAY, ALL SUPPORTED BY CONTRIBUTED REVENUE. THE FIFTH PERFORMANCE WAS A CONTRACT PERFORMANCE WITHOUT AN AUDIENCE DISTRIBUTED TO A CORPORATE CLIENT FOR THEIR EMPLOYEES. IN ADDITION, THE POPS MOUNTED AN EDUCATIONAL DIGITAL STAGE FOR STUDENTS UNDER ITS POPSINSCHOOLS BANNER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Corbin COO | OfficerTrustee | 40 | $103,449 |
Frank Giordano President & CEO | OfficerTrustee | 10 | $70,654 |
Joseph Del Raso Chairman | OfficerTrustee | 2 | $0 |
Tony Mahon Secretary | OfficerTrustee | 2 | $0 |
James M Matour Treasurer | OfficerTrustee | 2 | $0 |
Wilbert D Abele Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Estulin Group Advertising | 6/29/20 | $212,723 |
Clear Sound Inc Audio | 6/29/20 | $120,908 |
Estulin Group Advertising | 6/29/20 | $212,723 |
Clear Sound Inc Audio | 6/29/20 | $120,908 |
Estulin Group Advertising | 6/29/20 | $212,723 |
Estulin Group Advertising | 6/29/20 | $212,723 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $320,561 |
| Related organizations | $0 |
| Government grants | $213,840 |
| All other contributions, gifts, grants, and similar amounts not included above | $568,582 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,102,983 |
| Total Program Service Revenue | $167,081 |
| Investment income | $2,092 |
| 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 | $1,289,473 |
| 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. | $84,528 |
| Compensation of current officers, directors, key employees. | $84,528 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $547,612 |
| Pension plan accruals and contributions | $27,204 |
| Other employee benefits | $36,264 |
| Payroll taxes | $103,759 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $96,090 |
| Fees for services: Lobbying | $31,420 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $44,975 |
| Office expenses | $88,973 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $86,015 |
| Travel | $9,764 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,253 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,010 |
| Insurance | $48,483 |
| All other expenses | $135,616 |
| Total functional expenses | $1,840,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,445 |
| Savings and temporary cash investments | $211,283 |
| Pledges and grants receivable | $315,277 |
| 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 | $289,762 |
| Net Land, buildings, and equipment | $9,550 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68,229 |
| Total assets | $1,054,546 |
| Accounts payable and accrued expenses | $958,767 |
| Grants payable | $0 |
| Deferred revenue | $1,377,495 |
| 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 | $359,702 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $608,398 |
| Total liabilities | $3,304,362 |
| Net assets without donor restrictions | -$2,807,944 |
| Net assets with donor restrictions | $558,128 |
| 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 | $1,054,546 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Encore Series Inc has recieved totaling $86,005.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $36,000 |
Ethel S C Smith Memorial Fund 02478-10-D Las Vegas, NV PURPOSE: GENERAL OPERATING | $20,000 |
Foundation For Individual Liberty A New Jersey Nonprofit Corporation Haddonfield, NJ PURPOSE: ASSISTANCE FOR CHARITABLE PURPOSE | $10,000 |
Pincus Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $7,500 |
Caroline J S Sanders Charitable Trust Ii 6514707 Las Vegas, NV PURPOSE: GENERAL OPERATING PURPOSES | $7,500 |
Walter J Miller Trust Uw C/Ofidelity Bank Ttee Las Vegas, NV PURPOSE: GENERAL OPERATING | $5,000 |
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 |