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Nonprofiteer
← ALBANY SYMPHONY ORCHESTRA INC

Form 990 for tax year 2022

Filed by ALBANY SYMPHONY ORCHESTRA INC.

Totals

Total revenue
$2,511,464
Total expenses
$3,144,948
Contributions and grants received
$1,586,012
Grants paid
$0
Program service revenue
$1,028,658
Investment income
-$205,572
Other revenue
$102,366
Total assets, end of year
$11,248,880
Total liabilities, end of year
$1,269,384
Net assets or fund balances, end of year
$9,979,496
Program services expenses (Part IX)
$2,051,839
Management and general expenses
$899,698
Fundraising expenses
$193,411
Program service expenses (Part III)
$2,051,839

Program services were 65.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $30,000

  • 1e · Government grants (contributions)

    $297,684

  • 1f · All other contributions, gifts and grants

    $1,258,328

  • 1g · Noncash contributions included above

    $28,149

  • 2a · Program service revenue: UNDERWRITING

    total $380,224 · related or exempt $380,224

  • 2b · Program service revenue: TICKET SALES

    total $347,325 · related or exempt $347,325

  • 2c · Program service revenue: SUBSCRIPTIONS

    total $301,109 · related or exempt $301,109

  • 3 · Investment income

    total $230,829 · excluded $230,829

  • 7a · Gross sales of assets other than inventory

    securities $4,500,832

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

    securities $4,937,233

  • 7c · Gain or loss

    securities -$436,401

  • 7d · Net gain or loss

    total -$436,401 · related or exempt -$436,401

  • 8a · Fundraising events: gross income

    $77,695

  • 8b · Fundraising events: direct expenses

    $32,664

  • 8c · Net income from fundraising events

    total $45,031 · excluded $45,031

  • 11a · Other revenue: OTHER INCOME

    total $57,335 · related or exempt $57,335

  • 11e · Other revenue, total

    $57,335

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $219,493 · management and general $219,493

  • 7 · Other salaries and wages

    total $1,283,440 · program services $1,021,187 · management and general $115,998 · fundraising $146,255

  • 8 · Pension plan contributions

    total $53,743 · program services $48,661 · management and general $5,082

  • 9 · Other employee benefits

    total $63,141 · program services $21,980 · management and general $30,274 · fundraising $10,887

  • 10 · Payroll taxes

    total $113,224 · program services $76,660 · management and general $25,513 · fundraising $11,051

  • 11c · Fees: accounting

    total $20,977 · management and general $20,977

  • 11f · Fees: investment management

    total $42,228 · management and general $42,228

  • 11g · Fees: other

    total $69,710 · management and general $60,966 · fundraising $8,744

  • 12 · Advertising and promotion

    total $202,305 · management and general $202,305

  • 13 · Office expenses

    total $101,993 · management and general $94,446 · fundraising $7,547

  • 17 · Travel

    total $257,205 · program services $257,205

  • 19 · Conferences, conventions and meetings

    total $1,409 · management and general $1,409

  • 20 · Interest

    total $15,274 · management and general $15,274

  • 22 · Depreciation, depletion and amortization

    total $4,344 · management and general $4,344

  • 23 · Insurance

    total $19,045 · program services $7,456 · management and general $11,589

  • 24a · Other expenses: PRODUCTION COSTS

    total $283,583 · program services $283,583

  • 24b · Other expenses: SOLOISTS AND GUEST ARTIST

    total $259,733 · program services $259,733

  • 24c · Other expenses: AUDITORIUMS

    total $53,580 · program services $53,580

  • 24d · Other expenses: RECORDING AND LICENSE FEE

    total $23,145 · management and general $23,145

  • 24e · All other expenses

    total $57,376 · program services $21,794 · management and general $26,655 · fundraising $8,927

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $199,917 · end of year $1,536

  • 2 · Savings and temporary cash investments

    beginning of year $195,868 · end of year $352,265

  • 3 · Pledges and grants receivable

    beginning of year $482,050 · end of year $553,976

  • 4 · Accounts receivable

    beginning of year $5,321 · end of year $7,656

  • 7 · Other notes and loans receivable

    beginning of year $2,500 · end of year $938

  • 9 · Prepaid expenses and deferred charges

    beginning of year $88,943 · end of year $71,076

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

    $365,759

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

    $356,678

  • 10c · Land, buildings and equipment, net

    beginning of year $13,425 · end of year $9,081

  • 11 · Investments: publicly traded securities

    beginning of year $9,282,006 · end of year $9,928,300

  • 15 · Other assets

    beginning of year $374,626 · end of year $324,052

  • 17 · Accounts payable and accrued expenses

    beginning of year $308,071 · end of year $386,409

  • 19 · Deferred revenue

    beginning of year $405,145 · end of year $374,565

  • 23 · Secured mortgages and notes payable

    beginning of year $152,500 · end of year $251,562

  • 25 · Other liabilities

    beginning of year $310,036 · end of year $256,848

  • 27 · Net assets without donor restrictions

    beginning of year -$45,879 · end of year -$238,216

  • 28 · Net assets with donor restrictions

    beginning of year $9,514,783 · end of year $10,217,712

Mission and programs · 2022

Mission

THE ALBANY SYMPHONY ORCHESTRA CELEBRATES OUR GREAT MUSICAL HERITAGE. THROUGH BRILLIANT LIVE PERFORMANCES, INNOVATIVE EDUCATIONAL PROGRAMMING, AND ENGAGING CULTURAL EVENTS, THE ASO ENRICHES A BROAD AND DIVERSE REGIONAL COMMUNITY. IN ADDITION, BY CREATING, RECORDING, AND DISSEMINATING THE MUSIC OF OUR TIME, THE ASO IS ESTABLISHING AN ENDURING ARTISTIC LEGACY THAT IS RESHAPING THE NATION'S MUSICAL FUTURE.

  • THE ORGANIZATION PERFORMS CONCERTS, SUPPORTS THE CREATION OF NEW MUSIC AND THE DEVELOPMENT OF ARTISTS, PRODUCES RECORDINGS AND VARIOUS EDUCATIONAL PROGRAMS TO PROMOTE CULTURAL ADVANCEMENT.

    Expenses $2,051,839 · Revenue $1,028,658

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kaweeda Adams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mimi Bruce MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Charles Buchanan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dr Benjamin E Chi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Judith Ciccio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Marcia Cockrell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ellen Cole PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Becky Daniels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Marisa Eisemann MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nicholas J Faso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Alan Goldberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jerel Golub

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Joseph T Gravini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Catherine Hackert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anthony P Hazapis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jahkeen Hoke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Edward M Jennings

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Daniel Kredentser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mark P Lasch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Steve Lobel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cory Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anne Older

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Henry Pohl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dush Pathmanandam

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • John A Regan

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Barry Richman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Rubin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Hon Kathy M Sheehan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rabbi Scott Shpeen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Louis Solano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Faith A Takes

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Micheileen Treadwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anna Kuwabara

    EXECUTIVE DI

    Total calculated
    $115,290
    From this org
    $115,290
    From related orgs
    $0
    Other
    $0
    Hours/week
    45
  • Scott Allen

    FINANCE DIRE

    Total calculated
    $85,579
    From this org
    $85,579
    From related orgs
    $0
    Other
    $0
    Hours/week
    45
  • David Alan Miller

    MUSIC DIR/CO

    Total calculated
    $175,817
    From this org
    $171,104
    From related orgs
    $0
    Other
    $4,713
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $171,104
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,713
    Nontaxable benefits
    not reported
    Filer's total
    $175,817

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349311461

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