Los Angeles Philharmonic Association
- Assets
- $566.5m
- Revenue
- $149.0m
- Investments
- $120.4m
- Employees
- 1,157
- Location
- Los Angeles, CA
- Founding
- 02/1935
- Data as of
- 09/2021
- EIN
- 95-1696734
Organization Overview
Los Angeles Philharmonic Association is located in Los Angeles, CA. The organization was established in 1935. 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 09/2021, Los Angeles Philharmonic Association employed 1,157 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Philharmonic Association 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 09/2021, Los Angeles Philharmonic Association generated $149.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $105.3m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Los Angeles Philharmonic Association has awarded 19 individual grants totaling $1,989,513. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LA PHILHARMONIC ASSOCIATION'S MISSION IS TO PERFORM, PRESENT, AND PROMOTE MUSIC IN ITS MANY VARIED FORMS AT THE HIGEST LEVEL OF EXCELLENCE TO A LARGE & DIVERSE AUDIENCE.
Describe the Organization's Program Activity:
PERFORMANCES BY THE LOS ANGELES PHILHARMONIC ORCHESTRA AND ARTISTS REPRESENTING A WIDE VARIETY OF GENRES AT WALT DISNEY CONCERT HALL, THE HOLLYWOOD BOWL, AND THE FORD. THIS ITEM ALSO INCLUDES DOMESTIC AND INTERNATIONAL TOURS BY THE ORCHESTRA. THE FORD SUPPORTS CREATIVE ASPIRATIONS, ESPECIALLY DIVERSE PERFORMANCES THAT REPRESENT LOCAL SURROUNDING COMMUNITIES.
THE AFTER-SCHOOL MUSIC EDUCATION PROGRAM YOUTH ORCHESTRA LOS ANGELES (YOLA). YOLA CURRENTLY SERVES MORE THAN 1,300 YOUNG MUSICIANS ACROSS FOUR SITES, PROVIDING THEM WITH FREE INSTRUMENTS, INTENSIVE MUSIC INSTRUCTION, ACADEMIC SUPPORT, LEADERSHIP TRAINING, AND PERFORMANCE OPPORTUNITIES.
OTHER PERFORMANCES, INCLUDING LEASE EVENTS HOSTED BY THIRD-PARTY PROMOTERS, AND PERFORMANCE-RELATED ACTIVITIES, INCLUDING CONCESSIONS, PARKING, RECORDING, AND ROYALTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Simon Woods Former CEO | 0 | $919,481 | |
Gustavo Dudamel Music & Artistic Director | Officer | 40 | $775,000 |
Chad Smith CEO | Officer | 40 | $768,397 |
Gail Samuel Thru 421 President Of Hollywood Bowl; COO | Officer | 40 | $708,851 |
Mona Patel Vp, Hr And Gen.counsel & Secr | Officer | 40 | $499,483 |
Daniel Song COO | Officer | 40 | $421,536 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Egmont Music Enterprises Inc Talent | 9/29/21 | $2,376,463 |
Sei Investments Financial Services | 9/29/21 | $961,572 |
Volt Lites Inc Equipment Rental | 9/29/21 | $841,693 |
Transit Systems Unlimited Inc Buses & Shuttles | 9/29/21 | $893,871 |
Contemporary Services Corporation Security | 9/29/21 | $1,614,382 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,195,781 |
| Related organizations | $0 |
| Government grants | $621,575 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,145,739 |
| Noncash contributions included in lines 1a–1f | $4,168,235 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,963,095 |
| Total Program Service Revenue | $47,703,911 |
| Investment income | $4,707,818 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,721,173 |
| Net Income from Fundraising Events | -$171,388 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$48,036 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $148,973,896 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,989,513 |
| 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. | $5,521,315 |
| Compensation of current officers, directors, key employees. | $905,128 |
| Compensation to disqualified persons | $41,734 |
| Other salaries and wages | $37,038,960 |
| Pension plan accruals and contributions | $3,421,015 |
| Other employee benefits | $10,131,349 |
| Payroll taxes | $2,704,527 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $447,207 |
| Fees for services: Accounting | $102,574 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $542,778 |
| Fees for services: Investment Management | $1,360,881 |
| Fees for services: Other | $17,885,992 |
| Advertising and promotion | $3,647,682 |
| Office expenses | $3,243,650 |
| Information technology | $183,228 |
| Royalties | $377,221 |
| Occupancy | $3,923,264 |
| Travel | $440,542 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,317 |
| Interest | $203,419 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,133,856 |
| Insurance | $1,680,256 |
| All other expenses | $1,821,760 |
| Total functional expenses | $105,289,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,681,392 |
| Savings and temporary cash investments | $1,571,749 |
| Pledges and grants receivable | $37,442,100 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $15,999,839 |
| Inventories for sale or use | $340,991 |
| Prepaid expenses and deferred charges | $14,034,020 |
| Net Land, buildings, and equipment | $44,291,336 |
| Investments—publicly traded securities | $304,699,608 |
| Investments—other securities | $120,444,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $566,505,035 |
| Accounts payable and accrued expenses | $17,698,604 |
| Grants payable | $0 |
| Deferred revenue | $29,736,820 |
| 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 | $10,000,000 |
| Unsecured mortgages and notes payable | $5,981,900 |
| Other liabilities | $14,478,315 |
| Total liabilities | $77,895,639 |
| Net assets without donor restrictions | $135,925,585 |
| Net assets with donor restrictions | $352,683,811 |
| 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 | $566,505,035 |
Grants Awarded
Over the last fiscal year, Los Angeles Philharmonic Association has awarded $1,989,513 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: CONSTRUCTION | $1,489,513 |
Cincinnati, OH PURPOSE: MUSIC EDUCATION | $50,000 |
Portland, OR PURPOSE: MUSIC EDUCATION | $50,000 |
Yakima, WA PURPOSE: MUSIC EDUCATION | $40,000 |
San Diego, CA PURPOSE: MUSIC EDUCATION | $40,000 |
Cleveland, OH PURPOSE: MUSIC EDUCATION | $35,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Los Angeles Philharmonic Association has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Eugene And Marilyn Stein Family Foundation La Canada, CA PURPOSE: ANNUAL FUND | $50,000 |
Hyman Levine Family Foundation Ldor Vdor Beverly Hills, CA PURPOSE: CHARITY/EDUCATION | $20,000 |
Reamer Family Foundation Boston, MA PURPOSE: PROGRAM SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $306,385,043 |
| Earnings | $41,218,451 |
| Net Contributions | $34,814,628 |
| Other Expense | $14,010,495 |
| Ending Balance | $368,407,627 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Los Angeles Philharmonic Association Los Angeles, CA | $566,505,035 | $148,973,896 |
San Francisco Symphony San Francisco, CA | $429,119,299 | $66,425,902 |
San Diego Symphony Orchestra Association San Diego, CA | $168,111,113 | $56,683,795 |
Oregon Symphony Association Portland, OR | $27,740,551 | $13,773,397 |
Pacific Symphony Irvine, CA | $52,133,763 | $17,603,170 |
San Diego Symphony Foundation San Diego, CA | $121,018,561 | $925,945 |
Philharmonia Baroque Orchestra & Chorale San Francisco, CA | $8,005,058 | $4,824,687 |
Santa Rosa Symphony Association Santa Rosa, CA | $23,001,628 | $6,302,463 |
Tucson Symphony Society Tucson, AZ | $15,428,177 | $6,501,284 |
Phoenix Symphony Association Phoenix, AZ | $1,368,252 | $4,890,998 |
Pasadena Symphony Association Pasadena, CA | $11,596,205 | $5,563,647 |
Santa Barbara Symphony Orchestra Association Santa Barbara, CA | $1,028,763 | $2,763,199 |