Louisiana Philharmonic Orchestra
- Assets
- $3.9m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 263
- Location
- New Orleans, LA
- Founding
- 01/1992
- Data as of
- 06/2021
- EIN
- 72-1189023
Organization Overview
Louisiana Philharmonic Orchestra is located in New Orleans, LA. The organization was established in 1992. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Louisiana Philharmonic Orchestra employed 263 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Philharmonic Orchestra 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, Louisiana Philharmonic Orchestra generated $4.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $3.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 7 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
LOUISIANA PHILHARMONIC ORCHESTRA'S MISSION IS TO TRANSFORM PEOPLE AND (CONT'D ON SCH. O) COMMUNITIES THROUGH MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LOUISIANA PHILHARMONIC ORCHESTRA IS A FULL-TIME PROFESSIONAL ORCHESTRA PRESENTING 100 PERFORMANCES A YEAR AND OUR PROGRAMMING FILLS A VOID IN EDUCATION AND COMMUNITY SERVICES WITH REGARD TO ORCHESTRAL MUSIC EXPOSURE AND HANDS-ON INTERACTION WITH OR BESIDE ORCHESTRAL MUSICIANS. WE PRIDE OURSELVES ON DEVELOPING PROGRAMS THAT ARE RESPONSIVE TO IDENTIFIED COMMUNITY NEEDS FOR LIFE-AFFIRMING ARTS AND ARTS-INTEGRATED PROGRAMMING AT LITTLE OR NO COST. LPO PROGRAMMING ALSO SUPPORTS YOUTH DEVELOPMENT BOTH IN AND THROUGH THE ARTS, AN APPROACH TO LEARNING CORRELATED WITH COGNITIVE, EMOTIONAL, AND SOCIAL GROWTH AND MEASURABLE STUDENT ACHIEVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bernie Jaffe Board President | OfficerTrustee | 1 | $0 |
Charlotte Lewis Board Vice President | OfficerTrustee | 1 | $0 |
Ben Hart Secretary | OfficerTrustee | 40 | $41,973 |
Joe Toups Treasurer | OfficerTrustee | 1 | $0 |
Michael Matushek Assistant Treasurer | OfficerTrustee | 40 | $28,710 |
Jim Atwood Orchestra President | Trustee | 40 | $34,356 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,635,564 |
| Investment income | $16,854 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,879 |
| Net Income from Fundraising Events | $13,553 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,011,115 |
| Statement of Expenses | |
|---|---|
| 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. | $222,138 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,546,953 |
| Pension plan accruals and contributions | $15,384 |
| Other employee benefits | $483,330 |
| Payroll taxes | $155,360 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $115 |
| Fees for services: Accounting | $59,464 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $129,889 |
| Advertising and promotion | $39,524 |
| Office expenses | $4,795 |
| Information technology | $68,184 |
| Royalties | $0 |
| Occupancy | $202,249 |
| Travel | $17,651 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,330 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,862 |
| Insurance | $84,988 |
| All other expenses | $0 |
| Total functional expenses | $3,284,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,130 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,946,980 |
| 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 | $1,995 |
| Investments—publicly traded securities | $278,132 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,244,081 |
| Total assets | $3,918,513 |
| Accounts payable and accrued expenses | $190,302 |
| Grants payable | $0 |
| Deferred revenue | $174,737 |
| 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 | $704,318 |
| Unsecured mortgages and notes payable | $865,857 |
| Other liabilities | $0 |
| Total liabilities | $1,935,214 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,983,299 |