Encore Series Inc
- Assets
- $786.1k
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 208
- Location
- Philadelphia, PA
- Founding
- 08/1999
- Data as of
- 06/2022
- 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 06/2022, Philly Pops employed 208 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 06/2022, Philly Pops generated $7.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $6.7m during the year ending 06/2022. While expenses have increased by 4.3% per year over the past 7 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
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 21/22 SEASON, FY22, SAW THE POPS ORCHESTRA RETURN TO ITS SUBSCRIPTION SERIES AND CHRISTMAS SERIES FOLLOWING THE PANDEMIC. THE POPS PERFORMED THIRTY TIMES AT ITS LONGTIME HOME, THE KIMMEL CENTER, AS COMPARED TO NONE IN FY21. SUPPORTED BY CONTRIBUTED REVENUE, THE POPS ALSO PERFORMED ITS SALUTE SERIES, DEDICATED TO HONORING THE SERVICE COMMUNITY, WITH THREE LARGE SCALE SALUTE CONCERTS FREE TO HELP FIRST RESPONDER AUDIENCES TO CELEBRATE MEMORIAL DAY, INDEPENDENCE WEEK AND CHRISTMAS, AS WELL AS A SMALLER SET OF ACTIVITIES FOR VETERANS' DAY. POPSINSCHOOLS RETURNED TO THE CLASSROOM AFTER A PANDEMIC YEAR AND A HALF AS A DIGITAL OFFERING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Giordano President (thru Feb 2023) | OfficerTrustee | 2 | $0 |
Karen Corbin COO (president & CEO Eff 3/23) | OfficerTrustee | 40 | $116,538 |
Joseph Del Raso Chairman | OfficerTrustee | 2 | $0 |
Tony Mahon Secretary | OfficerTrustee | 2 | $0 |
John J Meko Jr Treasurer | OfficerTrustee | 2 | $0 |
Ashley E Widger 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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $232,100 |
| Related organizations | $0 |
| Government grants | $3,362,228 |
| All other contributions, gifts, grants, and similar amounts not included above | $915,510 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,509,838 |
| Total Program Service Revenue | $2,958,551 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$37,383 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,440,930 |
| 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. | $120,498 |
| Compensation of current officers, directors, key employees. | $40,166 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,891,081 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $162,920 |
| Payroll taxes | $14,368 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $128,428 |
| Fees for services: Lobbying | $27,500 |
| Fees for services: Fundraising | $49,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $501,080 |
| Office expenses | $243,959 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $108,715 |
| Travel | $32,042 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,770 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,142 |
| Insurance | $65,523 |
| All other expenses | $702,750 |
| Total functional expenses | $6,657,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,890 |
| Savings and temporary cash investments | $211,283 |
| Pledges and grants receivable | $145,192 |
| 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 | $93,589 |
| Net Land, buildings, and equipment | $114,068 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $209,054 |
| Total assets | $786,076 |
| Accounts payable and accrued expenses | $1,138,477 |
| Grants payable | $0 |
| Deferred revenue | $1,415,281 |
| 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 | $527,417 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $200,000 |
| Total liabilities | $3,281,175 |
| Net assets without donor restrictions | -$3,017,599 |
| Net assets with donor restrictions | $522,500 |
| 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 | $786,076 |