Form 990 for tax year 2024
Filed by PHILADELPHIA ORCHESTRA AND KIMMEL CENTER INC.
Totals
- Total revenue
- $6,289,565
- Total expenses
- $12,150,801
- Contributions and grants received
- $1,688,847
- Grants paid
- $8,536,474
- Program service revenue
- $2,939,286
- Investment income
- $5,839
- Other revenue
- $1,655,593
- Total assets, end of year
- $6,032,912
- Total liabilities, end of year
- $2,449,861
- Net assets or fund balances, end of year
- $3,583,051
- Program services expenses (Part IX)
- $8,536,474
- Management and general expenses
- $3,102,399
- Fundraising expenses
- $511,928
- Program service expenses (Part III)
- $8,536,474
Program services were 70.3% 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.
-
1f · All other contributions, gifts and grants
$1,688,847
-
2a · Program service revenue: MANAGEMENT FEES
total $2,939,286 · related or exempt $2,939,286
-
3 · Investment income
total $5,839 · excluded $5,839
-
11a · Other revenue: SHARED SERVICES INCOME
total $671,618 · excluded $671,618
-
11b · Other revenue: 457F PLAN ASSETS DISTR
total $485,844 · excluded $485,844
-
11c · Other revenue: INSURANCE CLAIMS REIMB
total $464,563 · excluded $464,563
-
11d · All other revenue
total $33,568 · excluded $33,568
-
11e · Other revenue, total
$1,655,593
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $8,536,474 · program services $8,536,474
-
5 · Compensation of officers, directors and key employees
total $258,350 · management and general $238,448 · fundraising $19,902
-
7 · Other salaries and wages
total $1,677,088 · management and general $1,339,209 · fundraising $337,879
-
8 · Pension plan contributions
total $94,042 · management and general $71,269 · fundraising $22,773
-
9 · Other employee benefits
total $215,934 · management and general $164,406 · fundraising $51,528
-
10 · Payroll taxes
total $115,715 · management and general $88,632 · fundraising $27,083
-
11b · Fees: legal
total $117,129 · management and general $117,129
-
11c · Fees: accounting
total $32,840 · management and general $32,840
-
11g · Fees: other
total $335,911 · management and general $313,673 · fundraising $22,238
-
12 · Advertising and promotion
total $3,586 · management and general $3,475 · fundraising $111
-
13 · Office expenses
total $104,694 · management and general $99,209 · fundraising $5,485
-
14 · Information technology
total $578,465 · management and general $578,465
-
16 · Occupancy
total $3,425 · management and general $2,412 · fundraising $1,013
-
17 · Travel
total $10,626 · management and general $9,585 · fundraising $1,041
-
19 · Conferences, conventions and meetings
total $8,046 · management and general $7,976 · fundraising $70
-
22 · Depreciation, depletion and amortization
total $3,423 · management and general $3,423
-
24a · Other expenses: CULTIVATION EXPENSES
total $31,319 · management and general $10,837 · fundraising $20,482
-
24b · Other expenses: MISC EXPENSES
total $20,754 · management and general $18,431 · fundraising $2,323
-
24c · Other expenses: MARKETING AND PROMOTION
total $2,980 · management and general $2,980
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,891,772 · end of year $29,708
-
2 · Savings and temporary cash investments
end of year $967,029
-
3 · Pledges and grants receivable
beginning of year $4,470,093 · end of year $4,005,440
-
4 · Accounts receivable
end of year $99,323
-
9 · Prepaid expenses and deferred charges
beginning of year $340,216 · end of year $704,337
-
10a · Land, buildings and equipment: cost or other basis
$34,228
-
10b · Land, buildings and equipment: accumulated depreciation
$3,423
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $30,805
-
12 · Investments: other securities
beginning of year $0 · end of year $27,308
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $168,962
-
17 · Accounts payable and accrued expenses
beginning of year $3,892 · end of year $1,153,169
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $1,253,902 · end of year $1,296,692
-
27 · Net assets without donor restrictions
beginning of year -$806 · end of year $1,610
-
28 · Net assets with donor restrictions
beginning of year $9,445,093 · end of year $3,581,441
Mission and programs · 2024
Mission
POKC WAS FORMED FOR CHARITABLE AND EDUCATIONAL PURPOSES AND IS DEDICATED TO THE PROMOTION OF THE ARTS.
Activities or mission (Part I)
POKC WAS FORMED FOR CHARITABLE AND EDUCATIONAL PURPOSES AND IS DEDICATED TO THE PROMOTION OF ARTS.
-
THE PHILADELPHIA ORCHESTRA AND KIMMEL CENTER, INC. (THE ORGANIZATION) IS A PENNSYLVANIA CHARITABLE NONPROFIT CORPORATION THAT WAS FORMED FOR CHARITABLE AND EDUCATIONAL PURPOSES AND IS DEDICATED TO THE PROMOTION OF THE ARTS. IN FURTHERANCE OF SUCH PURPOSES, THE ORGANIZATION WILL RETAIN ONE OF THE PREMIER ORCHESTRAS IN THE WORLD, CONSISTING OF THE TOP MUSICIANS AND AN INTERNATIONALLY RENOWNED CONDUCTOR, AND OPERATE A WORLD CLASS PERFORMING ARTS CENTER THAT ENGAGES AND SERVES BROAD AND DIVERSE AUDIENCES FROM THE GREATER PHILADELPHIA REGION WITH AN EQUALLY DIVERSE PROGRAMMING BLEND WHILE PROMOTING CULTURE AND THE PERFORMING ARTS FOR THE BENEFIT OF THE CITIZENS OF THE CITY OF PHILADELPHIA AND THE SURROUNDING REGION. (CONTINUED IN SCH O)
Expenses $8,536,474 · Grants $8,536,474 · Revenue $2,939,286
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Yannick Nezet-SeguinYANNICK NEZET-SEGUIN
MUSIC DIRECTOR/BOARD MEMBER
- Total calculated
- $1,276,333
- From this org
- $0
- From related orgs
- $1,276,333
- Other
- $0
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $0 + $1,276,333 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $1,276,333 related
-
Matias Tarnopolsky - BoardMATIAS TARNOPOLSKY - BOARD
MEMBER/PRES & CEO (THRU 12/24)
- Total calculated
- $1,225,614
- From this org
- $1,159,583
- From related orgs
- $0
- Other
- $66,031
- Hours/week
- 5 + 45 related
Schedule J breakdown matched by us
- Base
- $736,838
- Bonus
- $216,300
- Other
- $206,445
- Deferred
- $27,600
- Nontaxable benefits
- $38,431
- Filer's total
- $1,225,614
-
David KimDAVID KIM
MUSICIAN/BOARD MEMBER
- Total calculated
- $556,182
- From this org
- $499,639
- From related orgs
- $0
- Other
- $56,543
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $496,140
- Bonus
- $0
- Other
- $3,499
- Deferred
- $14,713
- Nontaxable benefits
- $41,830
- Filer's total
- $556,182
-
Ryan Fleur - BoardRYAN FLEUR - BOARD
MEMBER/PRES & CEO (AS OF 4/25)
- Total calculated
- $551,140
- From this org
- $486,110
- From related orgs
- $0
- Other
- $65,030
- Hours/week
- 5 + 45 related
Schedule J breakdown matched by us
- Base
- $435,393
- Bonus
- $50,000
- Other
- $717
- Deferred
- $27,600
- Nontaxable benefits
- $37,430
- Filer's total
- $551,140
-
Jae Dara MoralesJAE DARA MORALES
MUSICIAN/BOARD MEMBER
- Total calculated
- $257,321
- From this org
- $203,891
- From related orgs
- $0
- Other
- $53,430
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $202,373
- Bonus
- $0
- Other
- $1,518
- Deferred
- $13,183
- Nontaxable benefits
- $40,247
- Filer's total
- $257,321
-
Joseph ConyersJOSEPH CONYERS
MUSICIAN/BOARD MEMBER (AS OF 09/24)
- Total calculated
- $348,587
- From this org
- $320,859
- From related orgs
- $0
- Other
- $27,728
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $319,502
- Bonus
- $0
- Other
- $1,357
- Deferred
- $13,183
- Nontaxable benefits
- $14,545
- Filer's total
- $348,587
-
Kerri RyanKERRI RYAN
MUSICIAN/BOARD MEMBER
- Total calculated
- $212,582
- From this org
- $198,644
- From related orgs
- $0
- Other
- $13,938
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $197,302
- Bonus
- $0
- Other
- $1,342
- Deferred
- $13,183
- Nontaxable benefits
- $755
- Filer's total
- $212,582
-
Nathanial WestNATHANIAL WEST
MUSICIAN/BOARD MEMBER
- Total calculated
- $204,477
- From this org
- $176,750
- From related orgs
- $0
- Other
- $27,727
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $175,443
- Bonus
- $0
- Other
- $1,307
- Deferred
- $13,182
- Nontaxable benefits
- $14,545
- Filer's total
- $204,477
-
Ralph W MullerRALPH W MULLER
CHAIR
- Total calculated
- $0
- Hours/week
- 5 + 15 related
-
Sarah Miller CoulsonSARAH MILLER COULSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 2 + 10 related
-
Rev Dr Alyn WallerREV DR ALYN WALLER
BOARD MEMBER (AS OF 10/24)
- Total calculated
- $0
- Hours/week
- 2
-
James P BrandauJAMES P BRANDAU
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Patrick J Brennan MDPATRICK J BRENNAN MD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jeffrey BrownJEFFREY BROWN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Karen Dougherty BuchholzKAREN DOUGHERTY BUCHHOLZ
BOARD MEMBER (AS OF 09/24)
- Total calculated
- $0
- Hours/week
- 2
-
Elaine Woo CamardaELAINE WOO CAMARDA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Joseph CiresiJOSEPH CIRESI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Michael M ConeMICHAEL M CONE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Robert CorratoROBERT CORRATO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 10 related
-
Robert CurleyROBERT CURLEY
BOARD MEMBER (AS OF 02/25)
- Total calculated
- $0
- Hours/week
- 2
-
Robert DelanyROBERT DELANY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Mark S DichterMARK S DICHTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 10 related
-
Jeff DittusJEFF DITTUS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Joseph M FieldJOSEPH M FIELD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Mark J FoleyMARK J FOLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
John FryJOHN FRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 10 related
-
Lauren GilchristLAUREN GILCHRIST
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Donald GoldsmithDONALD GOLDSMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Juliet J GoodfriendJULIET J GOODFRIEND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Julia Haller MDJULIA HALLER MD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 10 related
-
Robert C HeimROBERT C HEIM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Nina HendersonNINA HENDERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Osagie O ImasogieOSAGIE O IMASOGIE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 10 related
-
Patricia Harron ImbesiPATRICIA HARRON IMBESI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Erika H James PhDERIKA H JAMES PHD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 10 related
-
Philip JauriguePHILIP JAURIGUE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kenyatta JohnsonKENYATTA JOHNSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Bennett KeiserBENNETT KEISER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Christopher M KeithCHRISTOPHER M KEITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Neal W KrouseNEAL W KROUSE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Lauren LambrugoLAUREN LAMBRUGO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Joan LauJOAN LAU
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Brook LenfestBROOK LENFEST
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 10 related
-
Jeffrey LeonardJEFFREY LEONARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Bruce G LetoBRUCE G LETO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Tod J MacKenzieTOD J MACKENZIE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Joseph M Manko SrJOSEPH M MANKO SR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 10 related
-
John H McFaddenJOHN H MCFADDEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Jami Wintz McKeonJAMI WINTZ MCKEON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 10 related
-
Stan MiddlemanSTAN MIDDLEMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jon Michael RichterJON MICHAEL RICHTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Richelle RabenouRICHELLE RABENOU
BOARD MEMBER (AS OF 09/24)
- Total calculated
- $0
- Hours/week
- 2
-
Caroline B RogersCAROLINE B ROGERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 10 + 6 related
-
Charles E RyanCHARLES E RYAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Adele K SchaefferADELE K SCHAEFFER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Dianne SemingsonDIANNE SEMINGSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Peter L ShawPETER L SHAW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Adrienne SimpsonADRIENNE SIMPSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 10 related
-
Matthew TaylorMATTHEW TAYLOR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer F TerryJENNIFER F TERRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Tiffany ThurmanTIFFANY THURMAN
BOARD MEMBER (AS OF 06/25)
- Total calculated
- $0
- Hours/week
- 2
-
Michael R VenneraMICHAEL R VENNERA
BOARD MEMBER (AS OF 06/25)
- Total calculated
- $0
- Hours/week
- 2
-
Sherry VarrelmanSHERRY VARRELMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Robert WilsonROBERT WILSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Richard B WorleyRICHARD B WORLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 10 related
-
Joseph ZebrowitzJOSEPH ZEBROWITZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Bin ZhangBIN ZHANG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Michael ZismanMICHAEL ZISMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 12 related
-
Crystal BreweCRYSTAL BREWE
EXEC VP & COO
- Total calculated
- $425,992
- From this org
- $364,063
- From related orgs
- $0
- Other
- $61,929
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $313,346
- Bonus
- $50,000
- Other
- $717
- Deferred
- $26,812
- Nontaxable benefits
- $35,117
- Filer's total
- $425,992
-
Mario MestichelliMARIO MESTICHELLI
BOARD MEMBER (EVP & CFO)
- Total calculated
- $420,406
- From this org
- $358,273
- From related orgs
- $0
- Other
- $62,133
- Hours/week
- 5 + 45 related
Schedule J breakdown matched by us
- Base
- $356,983
- Bonus
- $0
- Other
- $1,290
- Deferred
- $27,600
- Nontaxable benefits
- $34,533
- Filer's total
- $420,406
-
Ricardo MoralesRICARDO MORALES
MUSICIAN
- Total calculated
- $446,814
- From this org
- $409,125
- From related orgs
- $0
- Other
- $37,689
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $407,367
- Bonus
- $0
- Other
- $1,758
- Deferred
- $12,390
- Nontaxable benefits
- $25,299
- Filer's total
- $446,814
-
Jeffrey KhanerJEFFREY KHANER
MUSICIAN
- Total calculated
- $377,562
- From this org
- $342,045
- From related orgs
- $0
- Other
- $35,517
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $337,178
- Bonus
- $0
- Other
- $4,867
- Deferred
- $17,210
- Nontaxable benefits
- $18,307
- Filer's total
- $377,562
-
Jennifer Montone ResslerJENNIFER MONTONE RESSLER
MUSICIAN
- Total calculated
- $387,503
- From this org
- $337,354
- From related orgs
- $0
- Other
- $50,149
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $335,836
- Bonus
- $0
- Other
- $1,518
- Deferred
- $13,187
- Nontaxable benefits
- $36,962
- Filer's total
- $387,503
-
Philippe TondrePHILIPPE TONDRE
MUSICIAN
- Total calculated
- $359,961
- From this org
- $333,417
- From related orgs
- $0
- Other
- $26,544
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $332,079
- Bonus
- $0
- Other
- $1,338
- Deferred
- $13,182
- Nontaxable benefits
- $13,362
- Filer's total
- $359,961
-
Choong-Jin ChangCHOONG-JIN CHANG
MUSICIAN
- Total calculated
- $378,474
- From this org
- $324,916
- From related orgs
- $0
- Other
- $53,558
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $322,558
- Bonus
- $0
- Other
- $2,358
- Deferred
- $15,596
- Nontaxable benefits
- $37,962
- Filer's total
- $378,474
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
- 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
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 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 3
- THE ORGANIZATION UNDERTAKES A THOROUGH PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS CEO IS REASONABLE GIVEN THE MARKET IN WHICH THE ASSOCIATION OPERATES. IN RELEVANT PART, POKC'S BOARD OF TRUSTEES HAS ESTABLISHED A COMPENSATION COMMITTEE OF INDEPENDENT PERSONS THAT HAVE NO PERSONAL INTEREST IN THE PROPOSED COMPENSATION AGREEMENT. THE COMPENSATION COMMITTEE OBTAINS A MARKET ASSESSMENT AND COMPETITIVE POSITION ANALYSIS FOR THE ORGANIZATION'S TOP EXECUTIVES. THE COMPENSATION COMMITTEE WILL THEN SET THE COMPENSATION FOR THE RELEVANT EXECUTIVE AND DOCUMENT THE DECISION IN BOARD MINUTES.
- PART I, LINE 4B
- THE PHILADELPHIA ORCHESTRA AND KIMMEL CENTER, INC. BOARD MEMBER AND OFFICER, MATIAS TARNOPOLSKY, WAS THE PRESIDENT/CEO OF THE PHILADELPHIA ORCHESTRA ASSOCIATION (POA) THROUGHOUT CALENDAR YEAR 2024. AS PART OF HIS EMPLOYMENT AGREEMENT, MR. TARNOPOLSKY PARTICIPATED IN A NONQUALIFIED DEFERRED COMPENSATION PLAN. AMOUNTS WERE CREDITED TO THE PLAN ANNUALLY AND PLAN BALANCES ARE SUBJECT TO FOREFEITURE AND/OR PAYMENT IF CERTAIN CONDITIONS ARE MET. NO PAYMENTS WERE MADE TO MR. TARNOPOLSKY UNDER THE PLAN IN CALENDAR YEAR 2024. MR. TARNOPOLSKY TERMINATED IN DECEMBER 2024. $486,000 WAS FORFEITED FROM THIS PLAN IN JANUARY 2025.
- PART I, LINE 7
- CEO, MR. TARNOPOLSKY, HAS AN EMPLOYMENT CONTRACT CONTAINING A PERFORMANCE-BASED COMPENSATION DIRECTIVE THAT MAKES HIM ELIGIBLE TO RECEIVE A NON-FIXED PAYMENT IN ADDITION TO HIS BASE COMPENSATION. ALL ELEMENTS OF COMPENSATION INCLUDING THIS NON-FIXED PAYMENT ARE SUBJECT TO BOARD REVIEW AND APPROVAL. EXECUTIVES MR. FLEUR AND MS. BREWE EACH RECEIVED AN APPROVED ONE-TIME DISCRETIONARY BONUS.
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
-
$6,805,888
PROGRAM AND CAPITAL SUPPORT
-
PHILADELPHIA ORCHESTRA ASSOCIATION
$1,681,974
PROGRAM AND CAPITAL SUPPORT
-
PROGRAM SUPPORT
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.
-
PHILADELPHIA ORCHESTRA ASSOC ENDOWMENT
501(C)(3) · SUPPORTING POA · PA · controlled entity
Directly controlled by POA
-
ACADEMY OF MUSIC OF PHILADELPHIA INC
501(C)(3) · RESTORATION · PA · controlled entity
Directly controlled by POA
-
501(C)(3) · PERFORMING ARTS · PA · controlled entity
Directly controlled by POKC
-
PHILADELPHIA ORCHESTRA ASSOCIATION
501(C)(3) · ORCHESTRA · PA · controlled entity
Directly controlled by POKC
-
THE ACADEMY OF MUSIC ENDOWMENT FUND
501(C)(3) · SUPPORTING AOM · PA · controlled entity
Directly controlled by AOM
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 July 2026
- IRS schema version
- 2024v5.5
- Source object
- 202621969349300142
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