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← PHILHARMONIC-SYMPHONY SOCIETY OF NEW YORK INC

Form 990 for tax year 2022

Filed by PHILHARMONIC-SYMPHONY SOCIETY OF NEW YORK INC.

Totals

Total revenue
$96,912,834
Total expenses
$91,946,306
Contributions and grants received
$61,593,751
Grants paid
$0
Program service revenue
$30,488,810
Investment income
$4,951,513
Other revenue
-$121,240
Total assets, end of year
$591,925,901
Total liabilities, end of year
$137,021,141
Net assets or fund balances, end of year
$454,904,760
Program services expenses (Part IX)
$60,269,279
Management and general expenses
$24,772,212
Fundraising expenses
$6,904,815
Program service expenses (Part III)
$60,269,279

Program services were 65.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PETER W MAY

    CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • OSCAR L TANG

    CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • LAURA Y CHANG

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • KAREN T LEFRAK

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • DARIA L WALLACH

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • LINDA W HART

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • DAISY M SOROS

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • ALEC BALDWIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • DR KATHRYN BEAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • RAPHAEL BEJARANO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • JOSHUA BELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • FRANK BOTMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • YEFIM BRONFMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ANGELA CHEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • CHARLES CY CHEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ARTHUR CHU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • TOOS N DARUVALA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • LODEWIJK JR DE VINK

    DIRECTOR (THRU 06/23)

    Total calculated
    $0
    Hours/week
    4

  • MISOOK DOOLITTLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ROY TREY D FARMER III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • CLAUDIO X GONZALEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • PETER GROSS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • PAUL B GUENTHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • GURNEE FHART

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • SHARON HITE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ROBERT F HOERLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ANN JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • PETER JUNGEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • CHRISTOPHER KELLEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • STEPHEN KAHNG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • GOLNAR KHOSROWSHAHI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ALEXANDER KLABIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • J CHRISTOPHER KOJIMA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • HONEY M KURTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • CHRISTIAN A LANGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • TANIA LEON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ROSS MCKNIGHT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • HAROLD MITCHELL AC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • JAMES L NEDERLANDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ELIZABETH A NEWMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • CHARLES F NIEMETH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • GARY W PARR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ITZHAK PERLMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • JOEL I PICKET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • SUSAN ROSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • CAROL D SCHAEFER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • OSCAR S SCHAFER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • LARRY A SILVERSTEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • JACKSON TAI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • LING TIAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • SYLVIA TOTH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • DANIIL TRIFONOV

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • MAGGIE UENG TSAI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ALEX VOLCKHAUSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • MARY J WALLACH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • SANDRA F WARSHAWSKY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • DEBORAH BORDA

    PRESIDENT & CEO (THRU 07/23)

    Total calculated
    $1,786,342
    From this org
    $1,717,344
    From related orgs
    $0
    Other
    $68,998
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $1,317,344
    Bonus
    $400,000
    Other
    $0
    Deferred
    $59,257
    Nontaxable benefits
    $9,741
    Filer's total
    $1,786,342

  • GARY GINSTLING

    ED (11/22-6/23) & CEO (START 07/23)

    Total calculated
    $172,470
    From this org
    $172,262
    From related orgs
    $0
    Other
    $208
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $117,262
    Bonus
    $0
    Other
    $55,000
    Deferred
    $0
    Nontaxable benefits
    $208
    Filer's total
    $172,470

  • KATHIE PARSONS

    CHIEF FINANCIAL OFFICER

    Total calculated
    $335,238
    From this org
    $302,798
    From related orgs
    $0
    Other
    $32,440
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $302,798
    Bonus
    $0
    Other
    $0
    Deferred
    $11,008
    Nontaxable benefits
    $21,432
    Filer's total
    $335,238

  • ADAM GERDTS

    SENIOR VICE PRESIDENT, PHILANTHROPY

    Total calculated
    $468,287
    From this org
    $450,000
    From related orgs
    $0
    Other
    $18,287
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $450,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $18,287
    Filer's total
    $468,287

  • ISAAC THOMPSON

    MANAGING DIRECTOR

    Total calculated
    $582,360
    From this org
    $522,490
    From related orgs
    $0
    Other
    $59,870
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $522,490
    Bonus
    $0
    Other
    $0
    Deferred
    $43,511
    Nontaxable benefits
    $16,359
    Filer's total
    $582,360

  • FRANK HUANG

    CONCERTMASTER

    Total calculated
    $939,751
    From this org
    $909,852
    From related orgs
    $0
    Other
    $29,899
    Hours/week
    37

    Schedule J breakdown matched by us

    Base
    $361,713
    Bonus
    $548,139
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $29,899
    Filer's total
    $939,751

  • ANTHONY MCGILL

    PRINCIPAL CLARINET

    Total calculated
    $424,614
    From this org
    $394,715
    From related orgs
    $0
    Other
    $29,899
    Hours/week
    37

    Schedule J breakdown matched by us

    Base
    $394,715
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $29,899
    Filer's total
    $424,614

  • LIANG WANG

    PRINCIPAL OBOE

    Total calculated
    $597,333
    From this org
    $580,044
    From related orgs
    $0
    Other
    $17,289
    Hours/week
    37

    Schedule J breakdown matched by us

    Base
    $253,524
    Bonus
    $326,520
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,289
    Filer's total
    $597,333

  • CARTER BREY

    PRINCIPAL CELLO

    Total calculated
    $611,841
    From this org
    $589,359
    From related orgs
    $0
    Other
    $22,482
    Hours/week
    37

    Schedule J breakdown matched by us

    Base
    $261,040
    Bonus
    $328,319
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $22,482
    Filer's total
    $611,841

  • CHRISTOPHER MARTIN

    PRINCIPAL TRUMPET

    Total calculated
    $612,368
    From this org
    $582,369
    From related orgs
    $0
    Other
    $29,999
    Hours/week
    37

    Schedule J breakdown matched by us

    Base
    $255,858
    Bonus
    $326,511
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $29,999
    Filer's total
    $612,368

  • WILLIAM THOMAS

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $455,348
    From this org
    $393,015
    From related orgs
    $0
    Other
    $62,333
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $393,015
    Bonus
    $0
    Other
    $0
    Deferred
    $45,589
    Nontaxable benefits
    $16,744
    Filer's total
    $455,348

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

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

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.
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. THE AMOUNT SHOWN ON SCHEDULE J, COLUMN C, "RETIREMENT AND OTHER DEFERRED COMPENSATION" REPRESENTS THE ANNUAL INCREASE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN ONLY.
PART I, LINE 7
AS REPORTED IN SCHEDULE J, PART II, COLUMN B (II), CERTAIN EMPLOYEES ARE ELIGIBLE FOR DISCRETIONARY BONUSES UPON MEETING CERTAIN CRITERIA.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

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

  • CHARITABLE GIFT ANNUITIES (26)

    T · CHARITABLE TRUST · NY

  • POOLED INCOME FUNDS (1)

    T · CHARITABLE TRUST · NY

Provenance

Return type
form_990
Tax year
2022
Filed
12 July 2024
IRS schema version
2022v5.0
Source object
202421979349302087

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