Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $250,974

• 1c · Fundraising events

  $7,442,556

• 1e · Government grants (contributions)

  $148,715

• 1f · All other contributions, gifts and grants

  $53,760,489

• 1g · Noncash contributions included above

  $6,918,702

• 2a · Program service revenue: CONCERT RECEIPTS

  total $31,617,885 · related or exempt $31,617,885

• 2b · Program service revenue: EDUCATIONAL PROGRAMS

  total $647,278 · related or exempt $647,278

• 3 · Investment income

  total $5,653,928 · unrelated business -$128,539 · excluded $5,782,467

• 5 · Royalties

  total $53,478 · excluded $53,478

• 7a · Gross sales of assets other than inventory

  securities $15,932,006

• 7b · Less cost or other basis and sales expenses

  securities $13,351,849

• 7c · Gain or loss

  securities $2,580,157

• 7d · Net gain or loss

  total $2,580,157 · excluded $2,580,157

• 8a · Fundraising events: gross income

  $718,180

• 8a · Fundraising events: contributions included on line 1c

  $7,442,556

• 8b · Fundraising events: direct expenses

  $1,628,296

• 8c · Net income from fundraising events

  total -$910,116 · excluded -$910,116

• 10a · Gross sales of inventory

  $75,259

• 10b · Cost of goods sold

  $37,684

• 10c · Net income from sales of inventory

  total $37,575 · excluded $37,575

• 11a · Other revenue: OTHER REVENUE

  total $55,369 · excluded $55,369

• 11e · Other revenue, total

  $55,369

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,470,537 · management and general $873,977 · fundraising $596,560

• 6 · Compensation of disqualified persons

  total $1,896,140 · management and general $1,896,140

• 7 · Other salaries and wages

  total $38,658,137 · program services $28,473,550 · management and general $6,804,853 · fundraising $3,379,734

• 8 · Pension plan contributions

  total $2,336,617 · program services $1,954,887 · management and general $243,812 · fundraising $137,918

• 9 · Other employee benefits

  total $6,103,386 · program services $3,562,824 · management and general $1,903,716 · fundraising $636,846

• 10 · Payroll taxes

  total $2,918,938 · program services $2,010,108 · management and general $622,829 · fundraising $286,001

• 11b · Fees: legal

  total $2,093,145 · program services $48,930 · management and general $2,044,215

• 11c · Fees: accounting

  total $151,754 · management and general $151,754

• 11e · Fees: professional fundraising services

  total $220,409 · fundraising $220,409

• 11f · Fees: investment management

  total $910,140 · management and general $910,140

• 11g · Fees: other

  total $1,842,098 · program services $460,922 · management and general $1,092,066 · fundraising $289,110

• 12 · Advertising and promotion

  total $5,990,202 · program services $4,769,956 · management and general $1,050,656 · fundraising $169,590

• 13 · Office expenses

  total $3,824,833 · program services $895,116 · management and general $1,251,268 · fundraising $1,678,449

• 14 · Information technology

  total $1,236,105 · management and general $1,231,070 · fundraising $5,035

• 16 · Occupancy

  total $1,783,987 · program services $16,465 · management and general $1,767,522

• 17 · Travel

  total $2,031,491 · program services $1,858,201 · management and general $159,190 · fundraising $14,100

• 19 · Conferences, conventions and meetings

  total $26,556 · program services $2,164 · management and general $16,156 · fundraising $8,236

• 20 · Interest

  total $1,568,415 · management and general $1,568,415

• 22 · Depreciation, depletion and amortization

  total $6,936,571 · program services $4,309,210 · management and general $1,922,577 · fundraising $704,784

• 23 · Insurance

  total $459,917 · program services $71,359 · management and general $388,558

• 24a · Other expenses: PRODUCTION

  total $6,292,349 · program services $6,015,923 · management and general $276,426

• 24b · Other expenses: CONCERT HALL RENTAL

  total $5,277,347 · program services $5,271,919 · management and general $5,428

• 24c · Other expenses: PERFORMING ARTISTS

  total $4,999,999 · program services $4,997,603 · management and general $2,396

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $659,804 · end of year $881,021

• 2 · Savings and temporary cash investments

  beginning of year $10,112,661 · end of year $8,883,537

• 3 · Pledges and grants receivable

  beginning of year $82,169,647 · end of year $78,975,889

• 4 · Accounts receivable

  beginning of year $4,562,771 · end of year $1,327,280

• 7 · Other notes and loans receivable

  beginning of year $58,640 · end of year $29,093

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,315,950 · end of year $2,416,613

• 10a · Land, buildings and equipment: cost or other basis

  $24,527,292

• 10b · Land, buildings and equipment: accumulated depreciation

  $8,699,915

• 10c · Land, buildings and equipment, net

  beginning of year $16,453,584 · end of year $15,827,377

• 11 · Investments: publicly traded securities

  beginning of year $185,096,067 · end of year $199,199,652

• 12 · Investments: other securities

  beginning of year $60,509,276 · end of year $60,149,908

• 15 · Other assets

  beginning of year $242,700,964 · end of year $236,744,911

• 17 · Accounts payable and accrued expenses

  beginning of year $15,270,250 · end of year $11,089,011

• 19 · Deferred revenue

  beginning of year $21,738,046 · end of year $22,680,066

• 23 · Secured mortgages and notes payable

  beginning of year $35,258,802 · end of year $24,036,246

• 25 · Other liabilities

  beginning of year $34,491,225 · end of year $23,894,657

• 27 · Net assets without donor restrictions

  beginning of year $201,727,995 · end of year $207,444,716

• 28 · Net assets with donor restrictions

  beginning of year $296,153,046 · end of year $315,290,585

The filer's explanations (Part III)

PART I, LINE 1A

FIRST CLASS FLIGHTS ARE PROVIDED IN ACCORDANCE WITH THE PROVISIONS OF CONTRACTUAL OBLIGATIONS. ON OCCASION, WHEN THERE IS NO COMMERCIAL FLIGHT AVAILABLE TO ACCOMMODATE THE TOURING SCHEDULE OF THE ORCHESTRA, A CHARTER FLIGHT MUST BE USED INSTEAD. THE PRESIDENT AND CEO'S SPOUSE'S COACH-CLASS FARE TO ACCOMPANY THE ORGANIZATION'S PRESIDENT AND CEO ON ONE INTERNATIONAL TOUR PER YEAR IS PROVIDED IN ACCORDANCE WITH THE PROVISIONS OF CONTRACTUAL OBLIGATIONS.

PART I, LINE 3

THE BOARD OF DIRECTORS HAS AN EMPLOYMENT AGREEMENT WITH THE PRESIDENT OF THE SOCIETY THAT PROVIDES FOR ALL ASPECTS OF THE PRESIDENT'S COMPENSATION AND BENEFITS PACKAGE. THE PERSONNEL AND GOVERNANCE COMMITTEE AND THE EXECUTIVE COMMITTEE OF THE BOARD ANNUALLY REVIEW AND APPROVE ANY REVISION OF EMPLOYEE COMPENSATION. WHEN CONSIDERING THE COMPENSATION OF TOP MANAGEMENT, THE PERSONNEL AND GOVERNANCE COMMITTEE REVIEWS SALARY INFORMATION OF COMPARABLE NON-PROFIT ORGANIZATIONS, WHICH INCLUDE SPECIFIC DATA RELATING TO THE NEW YORK METROPOLITAN AREA. WHEN CONSIDERING COMPENSATION OF THE PRESIDENT, THE EXECUTIVE COMMITTEE REVIEWS COMPENSATION PAID TO CEOS OF SPECIFIC NON-PROFIT ORGANIZATIONS DEEMED COMPARABLE TO THE SOCIETY IN RELATION TO SIMILAR MISSIONS, SCOPE AND SIZE.

PART I, LINE 4A

GARY GINSTLING, FORMER PRESIDENT & CEO, RECEIVED A SEVERANCE PAYMENT OF $310,577 REPORTED ON SCHEDULE J PART II, B(III).

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CHARITABLE GIFT ANNUITIES (10)

  T · CHARITABLE TRUST · NY

• POOLED INCOME FUNDS (1)

  T · CHARITABLE TRUST · NY