American Friends Of The Israel Philharmonic Orchestra Inc

Organization Overview

American Friends Of The Israel Philharmonic Orchestra Inc is located in New York, NY. The organization was established in 1972. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, American Friends Of The Israel Philharmonic Orchestra Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Friends Of The Israel Philharmonic 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 12/2021, American Friends Of The Israel Philharmonic Orchestra Inc generated $8.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $4.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO RAISE FUNDS TO SUPPORT THE OPERATIONS AND SECURE THE ISRAEL PHILHARMONIC ORCHESTRA'S FINANCIAL FUTURE.

Describe the Organization's Program Activity:

AFIPO SUPPORTS THE ISRAEL PHILHARMONIC ORCHESTRA'S OPERATIONS, INCLUDING ITS TOURING PROGRAM AND A WIDE ARRAY OF MUSICAL ACTIVITIES IN ISRAEL TO FURTHER ENSURE THE ORCHESTRA'S FUTURE.


AFIPO PROUDLY PROVIDES UNDERWRITING SUPPORT FOR THE ISRAEL PHILHARMONIC ORCHESTRA'S KEYNOTE OUTREACH AND EDUCATION PROGRAM AND SULAMOT PROGRAM, WHERE CLASSICAL MUSIC IS USED AS A VEHICLE FOR TEACHING COMPASSION, NURTURING OUR YOUTH, ENCOURAGING CLASSICAL MUSIC AUDIENCES OF THE FUTURE AND ENRICHING THE CULTURAL LIFE OF ISRAEL. BOTH PROGRAMS OFFER A WIDE VARIETY OF MUSIC EDUCATION ACTIVITIES, FILLING THE VOID IN MUSIC INSTRUCTION AVAILABLE TO THE CHILDREN OF ISRAEL. ORCHESTRA MUSICIANS AND TRAINED TEACHERS BRING CLASSICAL MUSIC INTO JEWISH, ARAB-ISRAELI, RELIGIOUS AND SECULAR SCHOOLS, AS WELL AS INSTITUTIONS FOR HOMELESS AND DISADVANTAGED CHILDREN.


AFIPO PROVIDED FINANCIAL SUPPORT FOR SPECIAL PROGRAMS INCLUDING THE ISRAEL PHILHARMONIC ORCHESTRA'S GUEST ARTISTS PROGRAM WHICH HELPS DEFRAY THE ORCHESTRA'S EXPENSES.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,495,355
Related organizations$0
Government grants $106,400
All other contributions, gifts, grants, and similar amounts not included above$3,290,558
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,892,313
Total Program Service Revenue$0
Investment income $769,058
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,392,774
Net Income from Fundraising Events -$525,144
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,529,001

Grants Recieved

Over the last fiscal year, we have identified 55 grants that American Friends Of The Israel Philharmonic Orchestra Inc has recieved totaling $1,878,296.

Awarding OrganizationAmount
Sy Syms Foundation A New Jersey Non Profit Corp

Fort Lee, NJ

PURPOSE: CHARITABLE ARTS MUSICAL GRANT

$200,000
Rosalinde And Arthur Gilbert Foundation

Los Angeles, CA

PURPOSE: ISRAEL

$150,000
Rosalinde And Arthur Gilbert Foundation

Los Angeles, CA

PURPOSE: ISRAEL

$150,000
Rosalinde And Arthur Gilbert Foundation

Los Angeles, CA

PURPOSE: ISRAEL

$150,000
Rosalinde And Arthur Gilbert Foundation

Los Angeles, CA

PURPOSE: ISRAEL

$150,000
Rosalinde And Arthur Gilbert Foundation

Los Angeles, CA

PURPOSE: ISRAEL

$150,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,960,681
Earnings$848,915
Grants$250,000
Ending Balance$4,559,596

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