New World Symphony Inc is located in Miami Beach, FL. The organization was established in 1987. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2022, New World Symphony Inc employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New World Symphony 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 06/2022, New World Symphony Inc generated $46.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $22.8m during the year ending 06/2022. While expenses have increased by 2.2% 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
PREPARES GIFTED GRADUATES OF PRESTIGIOUS MUSIC PROGRAMS FOR SUCCESSFUL CAREERS IN ORCHESTRAS AND ENSEMBLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FELLOWSHIP PROGRAM:THROUGH A WIDE RANGE OF PERFORMANCE AND INSTRUCTIONAL ACTIVITIES, THE NWS FELLOWSHIP PROGRAM SEEKS TO PROVIDE TIME AND SPACE FOR EMERGING MUSICIAN LEADERS TO PREPARE FOR LONG AND SUCCESSFUL CAREERS. THIS IS ACCOMPLISHED WITH A CURRICULUM THAT IS STRUCTURED INTO THREE EXPERIENTIAL PILLARS: PERFORMANCE AND MUSICIANSHIP, AUDIENCE AND COMMUNITY ENGAGEMENT, AND LEADERSHIP AND ENTREPRENEURSHIP. WOVEN THROUGHOUT THESE PILLARS ARE THE ELEMENTS OF DISTANCE LEARNING; EQUITY, DIVERSITY, INCLUSION, AND BELONGING; AND WELLNESS.EACH YEAR, MORE THAN 150 VISITING ARTISTS AND COACHES WORK WITH NWS FELLOWS, OFFERING MASTER CLASSES AND PRIVATE LESSONS AS WELL AS INSTRUCTION IN AUDITION PREPARATION, PERFORMANCE PSYCHOLOGY, COMMUNICATIONS, AND COMMUNITY ENGAGEMENT. IN PURSUIT OF ARTISTIC EXCELLENCE, INSTRUMENTAL FACULTY WORK WITH FELLOWS ON TECHNIQUE, STYLISTIC SUBTLETIES, ORCHESTRAL SECTION LEADERSHIP, AND ENSEMBLE SKILLS; THEY HELP PREPARE PERFORMANCE REPERTOIRE, LEAD SECTIONAL REHEARSALS, COACH WITHIN ENSEMBLE SETTINGS, AND PLAY ALONGSIDE FELLOWS IN WEEKLY REHEARSALS AND PERFORMANCES. FELLOWS RECEIVE SPECIALIZED TRAINING ON HOW TO CONNECT WITH AUDIENCE MEMBERS IN THE CONCERT HALL AND IN THE COMMUNITY. NWS'S LEADERSHIP AND ENTREPRENEURSHIP CURRICULUM PREPARES FELLOWS TO BE CONFIDENT, INFLUENTIAL ARTISTS AND LEADERS IN WHATEVER PROFESSIONAL ENDEAVORS THEY PURSUE. LEVERAGING THE INTERNET2 NETWORK, NWS ALSO CONDUCTS LIVE ONLINE LESSONS, MASTER CLASSES, INTERVIEWS, AND REHEARSALS WITH MUSICIANS, COMPOSERS, AND PERFORMERS AROUND THE WORLD. WHILE AT NWS, FELLOWS CONFRONT THE DEMANDS OF A PROFESSIONAL PERFORMANCE SCHEDULE AND THE EXPECTATIONS THAT ACCOMPANY WORKING WITH ARTISTS OF THE HIGHEST CALIBER. EACH YEAR, NWS PRESENTS APPROXIMATELY 65 CLASSICAL MUSIC PERFORMANCES THROUGHOUT A 35-WEEK SEASON, WITH MOST PERFORMANCES TAKING PLACE AT THE NEW WORLD CENTER IN MIAMI BEACH. CONCERT REPERTOIRE INCLUDES SOLO, CHAMBER ENSEMBLE, AND FULL ORCHESTRA WORKS RANGING FROM CENTURIES-OLD COMPOSITIONS TO WORLD PREMIERE COMMISSIONS. PROGRAMMING INCLUDES AN ORCHESTRA SUBSCRIPTION SERIES, CHAMBER MUSIC CONCERTS, CHILDREN'S CONCERTS, AND A CONTEMPORARY MUSIC SERIES. THE RESULT OF NWS'S MULTI-TIERED APPROACH IS AN EVER-GROWING CADRE OF FELLOWS AND ALUMNI EQUIPPED WITH A DEEP UNDERSTANDING OF DIVERSE STYLES AND TRADITIONS WITHIN CLASSICAL MUSIC; THE ABILITY TO ARTICULATE THIS IN THEIR PLAYING; AND THE SKILL TO SHARE THEIR UNDERSTANDING WITH AUDIENCES AND THE NEXT GENERATION OF MUSICIANS. SINCE NWS'S FOUNDING, MORE THAN 1,150 ALUMNI HAVE GONE ON TO MAKE A DIFFERENCE IN COMMUNITIES AND ORGANIZATIONS WORLDWIDE.
LEADERSHIP DEVELOPMENT:THROUGH ITS LEADERSHIP TRAINING, NWS IS EQUIPPING FELLOWS WITH THE EXPERIENCE AND SKILLS TO DESIGN PROGRAMS, MEDIA, OR PRODUCTS TO ENGAGE COMMUNITY AND AUDIENCE MEMBERS WITH CLASSICAL MUSIC. NWS BLUE PROJECTS (BUILD, LEARN, UNDERSTAND, EXPERIMENT) COMBINE NWS'S LEADERSHIP AND ENTREPRENEURSHIP CURRICULUM WITH HANDS-ON EXPERIMENTATION, ALLOWING FELLOWS AN OPPORTUNITY TO EXPLORE PASSION PROJECTS THAT ARE RELEVANT TO THEIR GOALS AS CLASSICAL MUSICIANS WHILE DEVELOPING A COMPREHENSIVE SKILL THAT COMPLEMENTS THEIR ARTISTIC AND ORCHESTRAL TRAINING. EACH PROJECT IS ASSIGNED A MENTOR WHO PROVIDED INDIVIDUALIZED PROFESSIONAL DEVELOPMENT COACHING RELEVANT TO THE SPECIFIC PROJECT. OVER THE COURSE OF THE SEASON, FELLOWS DEVELOP PLANS IN CONSULTATION WITH MENTORS CONCERNING PROJECT ELEMENTS SUCH AS SELECTION OF PARTNERS, ARTISTIC PROGRAMMING, AUDIENCE IDENTIFICATION, AND SECURING A VENUE. ADDITIONALLY, MENTORS AND THEIR TEAMS RECEIVE ASSISTANCE FROM SPECIALISTS TO ENSURE COVERAGE OF ENTREPRENEURIAL TOPICS SUCH AS DESIGN THINKING, EVENT PRODUCTION, BUDGETING, MARKETING, PUBLIC RELATIONS, AUDIENCE DEVELOPMENT, COVER LETTERS AND RESUMES, AND NEGOTIATION. THESE GROUP WORKSHOPS ARE LED BY NWS STAFF, CROSS-SECTOR PROFESSIONALS, AND NWS ALUMNI WHO ARE LEADERS IN THEIR COMMUNITIES OR INSTITUTIONS, OR WHO HAVE STARTED THEIR OWN VENTURES.FELLOWS CAN PURSUE MUSIC-BASED ACTIVISM, DESIGN AND INCUBATE THEIR OWN ENTREPRENEURIAL PROJECT, OR ENGAGE IN A PASSION-DRIVEN IDEA. THESE PROJECTS ALLOW FELLOWS TO DESIGN PROGRAMS THAT ARE SIGNIFICANT TO THEM PERSONALLY WHILE ENGAGING AUDIENCE MEMBERS WITH CLASSICAL MUSIC AND DEMONSTRATING MUSIC'S ABILITY TO HAVE A POSITIVE IMPACT ON THE COMMUNITY. MANY OF THE NWS BLUE PROJECTS PURPOSEFULLY REACH AND ENGAGE NEW AUDIENCES OR DEEPEN THE ATTACHMENT TO EXISTING AUDIENCES, GIVING FELLOWS THE TOOLS TO LEAD THE CLASSICAL MUSIC INDUSTRY IN NEW AUDIENCE ENGAGEMENT AND INNOVATIVE PROGRAMMING.
COMMUNITY ENGAGEMENT:COMMUNITY ENGAGEMENT IS AN IMPORTANT PART OF THE NWS'S MISSION. THE 21ST-CENTURY MUSICIAN NEEDS A SET OF NON-MUSIC SKILLS IN ADDITION TO EXCEPTIONAL MUSICAL TECHNIQUE. NWS'S COMMUNITY ENGAGEMENT PROGRAMS ARE LEARNING EXPERIENCES FOR THE FELLOWS AND FOR OUR PARTNERS IN THE SOUTH FLORIDA COMMUNITY, ACROSS THE U.S., AND INTERNATIONALLY. THE BROAD ARRAY OF MUSICAL AND EDUCATIONAL OFFERINGS PROVIDES FAMILIES, STUDENTS, TEACHERS, AND ADULTS OF ALL AGES OPPORTUNITIES TO LEARN AND TO EXPERIENCE CLASSICAL MUSIC. NWS'S COMMUNITY ENGAGEMENT ACTIVITIES INCLUDE THE FOLLOWING: -COMMUNITY COLLABORATIONS: THROUGHOUT THE SEASON, NWS FELLOWS PROVIDE 30- TO 60-MINUTE INTERACTIVE AND THEMATIC CLASS PRESENTATIONS THAT ALLOW STUDENTS OPPORTUNITIES TO DEVELOP THEIR LISTENING SKILLS, GAIN KNOWLEDGE OF CULTURAL HISTORY AND MAKE A PERSONAL CONNECTION TO THE ART OF MUSIC. -INSIDE THE MUSIC: THIS SERIES OF FREE, HOUR-LONG PRESENTATIONS AT NEW WORLD CENTER ALLOWS NWS FELLOWS TO PROVIDE AN INTIMATE AND INTERACTIVE VIEW INTO THE WORLD OF CLASSICAL MUSIC AND SYMPHONY MUSICIANS. TOPICS RANGE FROM MUSIC APPRECIATION TO THE HISTORIC CONTEXTS OF COMPOSERS AND MORE, AND AUDIENCE MEMBERS ARE ENCOURAGED TO PARTICIPATE BY ASKING QUESTIONS AND TAKING PART IN POST-PRESENTATION DISCUSSIONS. -EDUCATION CONCERTS: THESE DAYTIME CONCERTS ARE DESIGNED TO INTRODUCE SCHOOLCHILDREN TO THE CONCERT-GOING EXPERIENCE, MAJOR ORCHESTRAL WORKS, AND FAMOUS COMPOSERS. NWS PROVIDES FREE TRANSPORTATION FOR ALL ATTENDEES, AND TEACHERS RECEIVE A STUDY GUIDE TO HEIGHTEN THE EDUCATIONAL IMPACT OF THE PERFORMANCE. A POST-PRODUCED BROADCAST OF THE CONCERTS IS MADE AVAILABLE ONLINE FOR STUDENTS IN SCHOOLS AROUND THE COUNTRY. -SIDE-BY-SIDE CONCERT: THIS PROGRAM OFFERS ADVANCED YOUNG INSTRUMENTALISTS IN GRADES 7 THROUGH 12 AN OPPORTUNITY TO PERFORM ALONGSIDE NWS FELLOWS IN CONCERT. THROUGH THIS EXPERIENCE, PARTICIPANTS AND FELLOWS DEVELOP A MUSICAL WORKING RELATIONSHIP AS TOGETHER THEY REHEARSE AND PERFORM VARIOUS ORCHESTRAL WORKS. AUDITIONS ARE OPEN TO ADVANCED STRING, WOODWIND, BRASS, AND PERCUSSION STUDENTS FROM ACROSS SOUTH FLORIDA. -MUSICLAB: MUSICLAB IS A COMMUNITY MENTORSHIP PROGRAM THAT BRINGS NWS FELLOWS INTO YOUTH MUSIC PROGRAMS TO WORK WITH LOCAL STUDENTS. EACH YEAR, 150 YOUNG MUSICIANS FROM PARTNER SCHOOLS AND ORGANIZATIONS RECEIVE LESSONS FROM FELLOWS IN ONE-ON-ONE AND GROUP COACHING SESSIONS ON A BI-MONTHLY BASIS THROUGHOUT THE SCHOOL-YEAR. AT THE END OF THE SEASON, MUSICLAB STUDENTS SHOWCASE THEIR TALENT TO THEIR PEERS, FAMILIES, AND MEMBERS OF THE COMMUNITY IN A CONCERT PERFORMANCE AT THE NEW WORLD CENTER. NWS'S COMMUNITY ENGAGEMENT PROGRAMS PREPARE FELLOWS FOR LEADERSHIP ROLES AS EDUCATORS, COMMUNICATORS, AND ROLE MODELS; INTRODUCE CHILDREN TO CLASSICAL MUSIC AND THE CONCERT-GOING EXPERIENCE; AND FOSTER LASTING AND MEANINGFUL RELATIONSHIPS BETWEEN FELLOWS AND THE COMMUNITY. THROUGH THESE PROGRAMS, NWS ANNUALLY OFFERS APPROXIMATELY 10,000 SOUTH FLORIDA CHILDREN, YOUTH, AND ADULTS THE OPPORTUNITY TO LEARN ABOUT AND EXPERIENCE CLASSICAL MUSIC EVERY YEAR. THROUGH SPECIALIZED TRAINING AND APPLICATION OF SKILLS IN PRACTICE, FELLOWS DEVELOP ENGAGEMENT TECHNIQUES TO INTERACT WITH DIVERSE COMMUNITY MEMBERS OF ALL AGES. FELLOWS CARRY THE SKILL AND ENTHUSIASM GENERATED BY THEIR INVOLVEMENT WHILE AT NWS INTO THEIR FUTURE PROFESSIONAL POSITIONS IN COMMUNITIES AROUND THE WORLD.
SUPPORTING ACTIVITIES TO PROGRAMS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Howard Herring President & CEO | Officer | 60 | $391,354 |
David Phillips Evp & CFO | Officer | 40 | $277,509 |
Maureen O'brien Evp, Institutional Advancement | Officer | 40 | $240,767 |
Martin Sher Svp, Artistic Planning & Programs | Officer | 40 | $216,410 |
John Kieser Executive Producer Nws Media | 40 | $196,744 | |
Ashley Skinner Svp, Inst'l Culture & Inclusion | 40 | $167,500 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Enlighten Digital It & Digital Services And Broadcast Solu | 6/29/22 | $2,414,350 |
Askonas Holt Arts Management Company | 6/29/22 | $802,958 |
Mtt Inc Arts Management Company | 6/29/22 | $565,909 |
Cuesta Construction Services Inc General Contractor | 6/29/22 | $337,415 |
Pro Sound & Video A/v Broadcast Inegration Company | 6/29/22 | $217,643 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $1,859,199 |
Related organizations | $0 |
Government grants | $3,828,276 |
All other contributions, gifts, grants, and similar amounts not included above | $40,045,306 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $45,732,781 |
Total Program Service Revenue | $1,095,194 |
Investment income | $2,669,133 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$260,568 |
Net Gain/Loss on Asset Sales | -$2,488,139 |
Net Income from Fundraising Events | -$398,879 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $46,402,310 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $1,531,475 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,278,489 |
Compensation of current officers, directors, key employees. | $444,166 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $5,279,447 |
Pension plan accruals and contributions | $130,536 |
Other employee benefits | $735,161 |
Payroll taxes | $471,114 |
Fees for services: Management | $0 |
Fees for services: Legal | $9,784 |
Fees for services: Accounting | $113,127 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $331,136 |
Fees for services: Other | $2,128,080 |
Advertising and promotion | $400,966 |
Office expenses | $141,126 |
Information technology | $324,576 |
Royalties | $75,821 |
Occupancy | $2,193,337 |
Travel | $139,627 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,539 |
Interest | $306,301 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,990,971 |
Insurance | $63,271 |
All other expenses | $0 |
Total functional expenses | $22,800,115 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $237,092 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $28,742,016 |
Accounts receivable, net | $115,862 |
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 | $1,105,886 |
Net Land, buildings, and equipment | $137,651,078 |
Investments—publicly traded securities | $80,736,586 |
Investments—other securities | $30,683,759 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $451,352 |
Total assets | $279,723,631 |
Accounts payable and accrued expenses | $1,139,241 |
Grants payable | $0 |
Deferred revenue | $605,688 |
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 | $15,957,372 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $17,702,301 |
Net assets without donor restrictions | $127,381,489 |
Net assets with donor restrictions | $134,639,841 |
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 | $279,723,631 |
Over the last fiscal year, we have identified 3 grants that New World Symphony Inc has recieved totaling $11,250.
Awarding Organization | Amount |
---|---|
Perles Family Foundation Inc Th Ave Fl New York, NY PURPOSE: GENERAL | $10,000 |
Nathan Tannenbaum Foundation Inc West Palm Beach, FL PURPOSE: CHARITABLE | $1,000 |
Andrew And Carol Parsons Family Foundation Fisher Island, FL PURPOSE: ARTS | $250 |
Beg. Balance | $123,604,075 |
Earnings | -$15,806,633 |
Net Contributions | $30,696,700 |
Other Expense | $7,883,367 |
Ending Balance | $130,610,775 |
Organization Name | Assets | Revenue |
---|---|---|
New World Symphony Inc Miami Beach, FL | $279,723,631 | $46,402,310 |
Poynter Institute For Media Studies Inc St Petersburg, FL | $51,768,897 | $13,169,218 |
Larkin University Corp Miami, FL | $15,883,479 | $7,901,976 |
Atlanta General Education Center Inc Norcross, GA | $3,508,771 | $4,772,601 |
Reformation Bible College Inc Sanford, FL | $392,858 | $12,390,616 |
Huntsville Baptist Institute Inc Huntsville, AL | $1,531,999 | $1,030,360 |
Association Of Collegiate Schools Of Planning Inc Tallahassee, FL | $777,149 | $532,348 |
Unad Florida Inc Sunrise, FL | $683,686 | $584,565 |
Higher Education Partnership Montgomery, AL | $786,156 | $629,024 |
Medical Career Academy Inc Palm Beach Gardens, FL | $1,015,799 | $532,336 |
Take Stock In Children Of Broward County Inc Miramar, FL | $1,026,202 | $400,276 |
Miami Music Festival Inc Miami Beach, FL | $42,145 | $478,160 |