Form 990 for tax year 2023
Filed by ILLINOIS PHILHARMONIC ORCHESTRA.
Totals
- Total revenue
- $931,433
- Total expenses
- $1,122,888
- Contributions and grants received
- $594,235
- Grants paid
- $0
- Program service revenue
- $241,835
- Investment income
- $130,754
- Other revenue
- -$35,391
- Total assets, end of year
- $4,636,652
- Total liabilities, end of year
- $99,093
- Net assets or fund balances, end of year
- $4,537,559
- Program services expenses (Part IX)
- $766,467
- Management and general expenses
- $233,711
- Fundraising expenses
- $122,710
- Program service expenses (Part III)
- $766,467
Program services were 68.3% 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.
-
1c · Fundraising events
$137,780
-
1e · Government grants (contributions)
$60,170
-
1f · All other contributions, gifts and grants
$396,285
-
1g · Noncash contributions included above
$52,255
-
2a · Program service revenue: Concert Admissions
total $207,040 · related or exempt $207,040
-
2b · Program service revenue: Contracted Concerts
total $34,795 · related or exempt $34,795
-
3 · Investment income
total $128,561 · excluded $128,561
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $2,792,799
-
7b · Less cost or other basis and sales expenses
securities $2,790,606
-
7c · Gain or loss
securities $2,193
-
7d · Net gain or loss
total $2,193 · related or exempt $2,193
-
8a · Fundraising events: gross income
$23,075
-
8a · Fundraising events: contributions included on line 1c
$137,780
-
8b · Fundraising events: direct expenses
$72,278
-
8c · Net income from fundraising events
total -$49,203
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other Revenue
total $13,812 · related or exempt $13,812
-
11e · Other revenue, total
$13,812
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $88,863 · program services $35,545 · management and general $39,989 · fundraising $13,329
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $581,399 · program services $450,493 · management and general $52,137 · fundraising $78,769
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $32,234 · program services $26,152 · management and general $6,082
-
10 · Payroll taxes
total $45,335 · program services $24,239 · management and general $19,986 · fundraising $1,110
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $40,911 · management and general $40,911
-
11g · Fees: other
total $60,505 · program services $14,438 · management and general $21,268 · fundraising $24,799
-
12 · Advertising and promotion
total $19,232 · program services $18,517 · management and general $499 · fundraising $216
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $39,922 · program services $34,651 · management and general $5,271
-
17 · Travel
total $39,828 · program services $39,828
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,051 · management and general $1,051
-
23 · Insurance
total $18,095 · program services $3,619 · management and general $14,476
-
24a · Other expenses: Concerts
total $38,298 · program services $38,298
-
24b · Other expenses: Artist Fees
total $28,136 · program services $28,136
-
24c · Other expenses: Printing and Publications
total $21,058 · program services $19,645 · management and general $942 · fundraising $471
-
24d · Other expenses: Supplies & Equipment
total $15,289 · program services $9,190 · management and general $5,321 · fundraising $778
-
24e · All other expenses
total $52,732 · program services $23,716 · management and general $25,778 · fundraising $3,238
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $227,019 · end of year $228,586
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $25,365 · end of year $9,650
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $17,588 · end of year $5,951
-
10a · Land, buildings and equipment: cost or other basis
$39,572
-
10b · Land, buildings and equipment: accumulated depreciation
$32,778
-
10c · Land, buildings and equipment, net
beginning of year $3,845 · end of year $6,794
-
11 · Investments: publicly traded securities
beginning of year $2,404,966 · end of year $3,675,380
-
12 · Investments: other securities
beginning of year $1,755,246 · end of year $710,291
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $8,104 · end of year $11,381
-
19 · Deferred revenue
beginning of year $84,851 · end of year $87,712
-
27 · Net assets without donor restrictions
beginning of year $1,318,483 · end of year $1,300,950
-
28 · Net assets with donor restrictions
beginning of year $3,022,591 · end of year $3,236,609
Mission and programs · 2023
Mission
To provide concerts of compelling professional symphonic music, support music education, and expand audience awareness of musical excellence for the diverse communities of the greater Chicago region.
-
Concerts - The Organization traditionally performs six Saturday matinee and evening classical concerts and a Holiday Pops matinee concert in December, along with two youth education concerts in April for approximately 2,000 Southland students. Over the summer months, the Organization also presents a series of small-ensemble outdoor chamber concerts, for both ticketed patrons and free community audiences.
Expenses $650,964 · Revenue $234,223
-
Education and Engagement - The Organization maintains a strong commitment to education. Through a wide variety of engaging programs designed to meet the needs of students, teachers, and community members of all ages, the Organization strives to build a stronger community and impart its passion of music an the arts to others. During the 2022/23 season, IPO expanded its educational programming through the Marilynn Tannebaum Youth Music Education Institute, which was established in 2021/22 to develop excitement for orchestral music through engagement between the youth of our communities and the vibrant, creative musicians of the Illinois Philharmonic Orchestra.
Expenses $115,503 · Revenue $7,612
As filed on the 2023 return.
Listed in Part VII
-
Christina SalernoCHRISTINA SALERNO
Executive Dir.
- Total calculated
- $88,863
- From this org
- $88,863
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Barbara SturgesBARBARA STURGES
President
- Total calculated
- $0
- Hours/week
- 6
-
Karen Hoag
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Richard DavisRICHARD DAVIS
Treasurer
- Total calculated
- $0
- Hours/week
- 6
-
Pat BarkerPAT BARKER
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Kathleen Field OrrKATHLEEN FIELD ORR
Past President
- Total calculated
- $0
- Hours/week
- 2
-
Charles Amenta MD
Director
- Total calculated
- $0
- Hours/week
- 1
-
Janice BarryJANICE BARRY
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sam BrownSAM BROWN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Timothy J Coburn
Director
- Total calculated
- $0
- Hours/week
- 1
-
Christine Cochrane
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bill Donne
Director
- Total calculated
- $0
- Hours/week
- 1
-
Cheri Boublis
Director
- Total calculated
- $0
- Hours/week
- 1
-
Billie Hauser
Director
- Total calculated
- $0
- Hours/week
- 1
-
Andrea HetzelANDREA HETZEL
Director
- Total calculated
- $0
- Hours/week
- 1
-
Christie Buralli
Director
- Total calculated
- $0
- Hours/week
- 1
-
William E HofmannWILLIAM E HOFMANN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Corinne Hwang
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dory MachtingerDORY MACHTINGER
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sharon Bean
Director
- Total calculated
- $0
- Hours/week
- 1
-
Don Ransford
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mike Rogers
Director
- Total calculated
- $0
- Hours/week
- 1
-
Donnell Schwarz
Director
- Total calculated
- $0
- Hours/week
- 1
-
Marilynn TannebaumMARILYNN TANNEBAUM
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bruce Werth
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Westerman
Director
- Total calculated
- $0
- Hours/week
- 1
-
Terri Winfree PhD
Director
- Total calculated
- $0
- Hours/week
- 1
-
Steve Winger
Director
- Total calculated
- $0
- Hours/week
- 1
-
Nichole Patton
Director
- Total calculated
- $0
- Hours/week
- 1
-
Joey Buck
Director
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 2 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412159349301121
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