Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $7,758,216

• 1e · Government grants (contributions)

  $5,689,625

• 1f · All other contributions, gifts and grants

  $18,345,208

• 1g · Noncash contributions included above

  $472,946

• 2a · Program service revenue: PERFORMANCES PRODUCED

  total $20,068,032 · related or exempt $20,068,032

• 2b · Program service revenue: BOX OFFICE RECEIPTS

  total $19,907,071 · related or exempt $19,907,071

• 2c · Program service revenue: TOURS OF CARNEGIE HALL

  total $168,969 · related or exempt $168,969

• 3 · Investment income

  total $3,247,294 · excluded $3,247,294

• 5 · Royalties

  total $26 · excluded $26

• 6a · Gross rents

  real property $13,198,672

• 6b · Less rental expenses

  real property $9,333,195

• 6c · Rental income or loss

  real property $3,865,477

• 6d · Net rental income or loss

  total $3,865,477 · excluded $3,865,477

• 7a · Gross sales of assets other than inventory

  securities $169,282,750

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

  securities $158,049,001

• 7c · Gain or loss

  securities $11,233,749

• 7d · Net gain or loss

  total $11,233,749 · excluded $11,233,749

• 8a · Fundraising events: gross income

  $584,223

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

  $7,758,216

• 8b · Fundraising events: direct expenses

  $1,091,655

• 8c · Net income from fundraising events

  total -$507,432 · excluded -$507,432

• 10a · Gross sales of inventory

  $653,145

• 10b · Cost of goods sold

  $283,219

• 10c · Net income from sales of inventory

  total $369,926 · related or exempt $369,926

• 11a · Other revenue: CATERING

  total $226,226 · related or exempt $79,351 · unrelated business $146,875

• 11b · Other revenue: SPONSORSHIPS

  total $72,109 · related or exempt $0 · unrelated business $72,109

• 11d · All other revenue

  total $38,871 · excluded $38,871

• 11e · Other revenue, total

  $337,206

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $607,650 · program services $607,650

• 5 · Compensation of officers, directors and key employees

  total $8,626,625 · program services $2,679,622 · management and general $5,323,047 · fundraising $623,956

• 7 · Other salaries and wages

  total $35,490,076 · program services $29,881,350 · management and general $2,742,474 · fundraising $2,866,252

• 8 · Pension plan contributions

  total $3,101,523 · program services $2,695,313 · management and general $202,432 · fundraising $203,778

• 9 · Other employee benefits

  total $7,593,455 · program services $5,806,992 · management and general $1,291,662 · fundraising $494,801

• 10 · Payroll taxes

  total $3,307,985 · program services $2,503,868 · management and general $542,734 · fundraising $261,383

• 11b · Fees: legal

  total $1,085,164 · program services $1,482 · management and general $1,083,682

• 11c · Fees: accounting

  total $253,675 · program services $44,675 · management and general $209,000

• 11d · Fees: lobbying

  total $173,550 · fundraising $173,550

• 11e · Fees: professional fundraising services

  total $336,748 · fundraising $336,748

• 11f · Fees: investment management

  total $875,026 · management and general $875,026

• 11g · Fees: other

  total $5,637,276 · program services $4,235,802 · management and general $1,252,973 · fundraising $148,501

• 12 · Advertising and promotion

  total $4,960,200 · management and general $4,960,200

• 13 · Office expenses

  total $2,852,680 · program services $2,135,400 · management and general $397,562 · fundraising $319,718

• 14 · Information technology

  total $1,318,536 · program services $959,178 · management and general $332,640 · fundraising $26,718

• 16 · Occupancy

  total $132,101 · program services $132,101

• 17 · Travel

  total $3,053,025 · program services $2,943,381 · management and general $68,732 · fundraising $40,912

• 19 · Conferences, conventions and meetings

  total $62,905 · program services $62,905

• 20 · Interest

  total $2,478,350 · management and general $2,478,350

• 22 · Depreciation, depletion and amortization

  total $13,811,124 · program services $10,504,161 · management and general $2,387,622 · fundraising $919,341

• 23 · Insurance

  total $2,195,255 · program services $2,195,255

• 24a · Other expenses: CONCERT EXPENSES

  total $15,936,918 · program services $15,863,472 · management and general $10,164 · fundraising $63,282

• 24b · Other expenses: SECURITY

  total $2,426,110 · program services $2,426,110 · management and general $0 · fundraising $0

• 24c · Other expenses: REPAIR AND MAINTENANCE

  total $443,423 · program services $429,710 · management and general $13,713 · fundraising $0

• 24d · Other expenses: BAD DEBT

  total $69,770 · program services $0 · management and general $0 · fundraising $69,770

• 24e · All other expenses

  total $2,044,939 · program services $771,426 · management and general $719,771 · fundraising $553,742

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $25,932,126 · end of year $16,986,500

• 3 · Pledges and grants receivable

  beginning of year $33,740,762 · end of year $18,582,701

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,699,436 · end of year $3,368,053

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

  $365,886,687

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

  $128,648,965

• 10c · Land, buildings and equipment, net

  beginning of year $224,974,750 · end of year $237,237,722

• 11 · Investments: publicly traded securities

  beginning of year $123,805,079 · end of year $131,221,874

• 12 · Investments: other securities

  beginning of year $199,244,684 · end of year $214,889,864

• 15 · Other assets

  beginning of year $7,320,150 · end of year $7,253,672

• 17 · Accounts payable and accrued expenses

  beginning of year $14,736,471 · end of year $17,172,304

• 19 · Deferred revenue

  beginning of year $14,559,940 · end of year $16,875,716

• 20 · Tax-exempt bond liabilities

  beginning of year $100,065,843 · end of year $96,531,844

• 23 · Secured mortgages and notes payable

  end of year $10,000,000

• 25 · Other liabilities

  beginning of year $23,517,958 · end of year $17,447,486

• 27 · Net assets without donor restrictions

  beginning of year $126,513,990 · end of year $123,226,543

• 28 · Net assets with donor restrictions

  beginning of year $339,322,785 · end of year $348,286,493

The filer's explanations (Part III)

PART I, LINE 4B

THE CARNEGIE HALL CORPORATION MAINTAINS TWO SUPPLEMENTAL NONQUALIFIED PLANS, A SERP AND A KEY EMPLOYEE INCENTIVE AND RETENTION COMPENSATION PLAN. THE SERP COVERED CLIVE D. GILLINSON. THE KEY EMPLOYEE INCENTIVE AND RETENTION COMPENSATION PLAN COVERED SUSAN J. BRADY, ANNA WEBER, RICHARD MALENKA, MARY BENJAMIN, VERA ZLATARSKI, SARAH JOHNSON, SYNNEVE CARLINO, SARA VILLAGIO, CHRISTOPHER AMOS AND NIA MONROE. IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS, THE CARNEGIE HALL CORPORATION IS REPORTING THE PLAN PARTICIPANTS, AMOUNTS SUBSTANTIALLY VESTED AND INCLUDED AS TAXABLE INCOME AND AMOUNTS DEFERRED, NOT SUBSTANTIALLY VESTED, AND NOT INCLUDED IN PARTICIPANT'S TAXABLE INCOME. PLAN PARTICIPANTS - CLIVE D. GILLINSON AMOUNT SUBSTANTIALLY VESTED AND TAXABLE - $756,870 AMOUNT NOT SUBSTANTIALLY VESTED AND NOT TAXABLE - $0 ANNA WEBER AMOUNT SUBSTANTIALLY VESTED AND TAXABLE - $139,772 AMOUNT NOT SUBSTANTIALLY VESTED AND NOT TAXABLE - $203,599 RICHARD MALENKA AMOUNT SUBSTANTIALLY VESTED AND TAXABLE - $94,714 AMOUNT NOT SUBSTANTIALLY VESTED AND NOT TAXABLE - $139,293 SUSAN J. BRADY AMOUNT SUBSTANTIALLY VESTED AND TAXABLE - $89,475 AMOUNT NOT SUBSTANTIALLY VESTED AND NOT TAXABLE - $132,355 MARY BENJAMIN AMOUNT SUBSTANTIALLY VESTED AND TAXABLE - $45,000 AMOUNT NOT SUBSTANTIALLY VESTED AND NOT TAXABLE - $65,000 SARAH JOHNSON AMOUNT SUBSTANTIALLY VESTED AND TAXABLE - $84,204 AMOUNT NOT SUBSTANTIALLY VESTED AND NOT TAXABLE - $132,784 VERA ZLATARSKI AMOUNT SUBSTANTIALLY VESTED AND TAXABLE - $62,959 AMOUNT NOT SUBSTANTIALLY VESTED AND NOT TAXABLE - $109,252 SYNNEVE CARLINO AMOUNT SUBSTANTIALLY VESTED AND TAXABLE - $70,217 AMOUNT NOT SUBSTANTIALLY VESTED AND NOT TAXABLE - $121,100 CHRISTOPHER AMOS AMOUNT SUBSTANTIALLY VESTED AND TAXABLE - $54,633 AMOUNT NOT SUBSTANTIALLY VESTED AND NOT TAXABLE - $70,933 SARA VILLAGIO AMOUNT SUBSTANTIALLY VESTED AND TAXABLE - $39,483 AMOUNT NOT SUBSTANTIALLY VESTED AND NOT TAXABLE - $55,633 NIA MONROE AMOUNT SUBSTANTIALLY VESTED AND TAXABLE - $41,200 AMOUNT NOT SUBSTANTIALLY VESTED AND NOT TAXABLE - $57,400

Related corporations and trusts

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

• SPLIT INTEREST TRUST CRATS (1)

  T · CRAT · NY · controlled entity

  Directly controlled by CHC

• SPLIT INTEREST TR CRUTS (3)

  T · CRUT · NY · controlled entity

  Directly controlled by CHC

• SPLIT INTEREST TRUSTS PLIF (1)

  T · PLIF · NY · controlled entity

  Directly controlled by CHC