American Friends Of The Israel Philharmonic Orchestra Inc
- Assets
- $24.2m
- Revenue
- $4.0m
- Investments
- $2.8m
- Employees
- 7
- Location
- New York, NY
- Founding
- 08/1972
- Data as of
- 12/2022
- EIN
- 23-7183563
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 12/2022, American Friends Of The Israel Philharmonic Orchestra Inc employed 7 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 12/2022, American Friends Of The Israel Philharmonic Orchestra Inc generated $4.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $6.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS TO SUPPORT THE OPERATIONS AND SECURE THE ISRAEL PHILHARMONIC'S FINANCIAL FUTURE.
Describe the Organization's Program Activity:
AFIPO SUPPORTS THE ISRAEL PHILHARMONIC'S OPERATIONS, INCLUDING ITS MUSIC EDUCATION PROGRAMS AND TOURING, TO FURTHER ENSURE THE PHILHARMONIC'S FUTURE.
AFIPO PROUDLY PROVIDES UNDERWRITING SUPPORT FOR THE ISRAEL PHILHARMONIC'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'S GUEST ARTISTS PROGRAM WHICH HELPS DEFRAY THE ORCHESTRA'S EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danielle Ames Spivak Executive VP And CEO | Officer | 40 | $360,000 |
Catherine Lou Chief Financial Officer | Officer | 40 | $224,736 |
Suzanne K Ponsot National Philanthropy Director | 40 | $184,751 | |
James Ackerman President | OfficerTrustee | 1 | $0 |
Eta Somekh Vice President | OfficerTrustee | 0.3 | $0 |
Jane Stern Lebell Vice President | OfficerTrustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,905,774 |
| Related organizations | $0 |
| Government grants | $110,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,925,256 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,941,030 |
| Total Program Service Revenue | $0 |
| Investment income | $500,862 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $164,807 |
| Net Income from Fundraising Events | -$568,111 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,038,588 |
| 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 | $4,087,028 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $607,605 |
| Compensation of current officers, directors, key employees. | $106,541 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $486,404 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,889 |
| Payroll taxes | $61,622 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,836 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $81,996 |
| Fees for services: Other | $6,818 |
| Advertising and promotion | $660,270 |
| Office expenses | $99,611 |
| Information technology | $19,352 |
| Royalties | $0 |
| Occupancy | $152,149 |
| Travel | $56,248 |
| 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 | $77,671 |
| Insurance | $7,424 |
| All other expenses | $20,038 |
| Total functional expenses | $6,501,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,326 |
| Savings and temporary cash investments | $540,476 |
| Pledges and grants receivable | $731,696 |
| Accounts receivable, net | $329,842 |
| 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 | $23,125 |
| Net Land, buildings, and equipment | $2,066,862 |
| Investments—publicly traded securities | $17,053,159 |
| Investments—other securities | $2,792,317 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $463,610 |
| Total assets | $24,227,413 |
| Accounts payable and accrued expenses | $1,071,213 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $502,961 |
| Total liabilities | $1,574,174 |
| Net assets without donor restrictions | $18,349,234 |
| Net assets with donor restrictions | $4,304,005 |
| 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 | $24,227,413 |