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Nonprofiteer
← RHODE ISLAND PHILHARMONIC ORCHESTRA & MUSIC SCHOOL

Form 990 for tax year 2023

Filed by RHODE ISLAND PHILHARMONIC ORCHESTRA & MUSIC SCHOOL.

Totals

Total revenue
$6,763,441
Total expenses
$7,705,155
Contributions and grants received
$3,505,813
Grants paid
$284,553
Program service revenue
$2,970,213
Investment income
$342,313
Other revenue
-$54,898
Total assets, end of year
$14,426,564
Total liabilities, end of year
$4,624,256
Net assets or fund balances, end of year
$9,802,308
Program services expenses (Part IX)
$6,110,384
Management and general expenses
$1,305,080
Fundraising expenses
$289,691
Program service expenses (Part III)
$6,110,384

Program services were 79.3% 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

    $316,046

  • 1e · Government grants (contributions)

    $562,786

  • 1f · All other contributions, gifts and grants

    $2,626,981

  • 1g · Noncash contributions included above

    $245,917

  • 2a · Program service revenue: MUSIC SCHOOL

    total $1,980,340 · related or exempt $1,980,340

  • 2b · Program service revenue: ORCHESTRA CONCERTS

    total $989,873 · related or exempt $989,873

  • 3 · Investment income

    total $161,709 · excluded $161,709

  • 6a · Gross rents

    real property $28,566

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $28,566

  • 6d · Net rental income or loss

    total $28,566 · related or exempt $28,566

  • 7a · Gross sales of assets other than inventory

    securities $1,649,894

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

    securities $1,469,290

  • 7c · Gain or loss

    securities $180,604

  • 7d · Net gain or loss

    total $180,604 · excluded $180,604

  • 8a · Fundraising events: gross income

    $184,184

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

    $316,046

  • 8b · Fundraising events: direct expenses

    $267,648

  • 8c · Net income from fundraising events

    total -$83,464 · excluded -$83,464

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $284,553 · program services $284,553

  • 5 · Compensation of officers, directors and key employees

    total $494,903 · program services $78,488 · management and general $300,988 · fundraising $115,427

  • 7 · Other salaries and wages

    total $2,967,132 · program services $2,689,287 · management and general $227,765 · fundraising $50,080

  • 8 · Pension plan contributions

    total $78,660 · program services $76,763 · management and general $1,897

  • 9 · Other employee benefits

    total $156,056 · program services $93,442 · management and general $19,630 · fundraising $42,984

  • 10 · Payroll taxes

    total $283,481 · program services $235,357 · management and general $34,946 · fundraising $13,178

  • 11b · Fees: legal

    total $14,955 · management and general $14,955

  • 11c · Fees: accounting

    total $65,832 · management and general $65,832

  • 11f · Fees: investment management

    total $38,996 · management and general $38,996

  • 11g · Fees: other

    total $792,860 · program services $680,856 · management and general $93,320 · fundraising $18,684

  • 12 · Advertising and promotion

    total $273,437 · program services $273,410 · fundraising $27

  • 13 · Office expenses

    total $593,693 · program services $511,245 · management and general $58,656 · fundraising $23,792

  • 16 · Occupancy

    total $632,111 · program services $452,616 · management and general $160,641 · fundraising $18,854

  • 17 · Travel

    total $93,947 · program services $93,213 · management and general $734

  • 20 · Interest

    total $258,979 · program services $166,262 · management and general $90,459 · fundraising $2,258

  • 22 · Depreciation, depletion and amortization

    total $522,245 · program services $396,898 · management and general $121,308 · fundraising $4,039

  • 23 · Insurance

    total $96,470 · program services $21,149 · management and general $74,953 · fundraising $368

  • 24a · Other expenses: COMMISSIONS

    total $39,832 · program services $39,832

  • 24b · Other expenses: MUSIC

    total $17,013 · program services $17,013

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $433,797 · end of year $634,425

  • 3 · Pledges and grants receivable

    beginning of year $658,425 · end of year $702,094

  • 4 · Accounts receivable

    beginning of year $159,250 · end of year $65,113

  • 9 · Prepaid expenses and deferred charges

    beginning of year $106,753 · end of year $67,148

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

    $13,030,584

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

    $6,431,971

  • 10c · Land, buildings and equipment, net

    beginning of year $6,887,864 · end of year $6,598,613

  • 11 · Investments: publicly traded securities

    beginning of year $6,426,104 · end of year $6,216,410

  • 15 · Other assets

    beginning of year $226,160 · end of year $142,761

  • 17 · Accounts payable and accrued expenses

    beginning of year $551,173 · end of year $334,072

  • 19 · Deferred revenue

    beginning of year $725,363 · end of year $635,184

  • 20 · Tax-exempt bond liabilities

    beginning of year $3,010,000 · end of year $2,805,000

  • 24 · Unsecured notes and loans payable

    beginning of year $330,000 · end of year $850,000

  • 27 · Net assets without donor restrictions

    beginning of year $5,195,810 · end of year $4,221,674

  • 28 · Net assets with donor restrictions

    beginning of year $5,086,007 · end of year $5,580,634

Mission and programs · 2023

Mission

THE ONLY PROFESSIONAL ORCHESTRA, THE ONLY CERTIFIED COMMUNITY MUSIC SCHOOL AND THE SECOND LARGEST NOT FOR PROFIT ARTS ORGANIZATION IN RHODE ISLAND, THE PHILHARMONIC SEEKS TO ENRICH AND TRANSFORM RHODE ISLAND AND OUR REGION THROUGH GREAT MUSIC PERFORMANCE AND EDUCATION.

Activities or mission (Part I)

TO ENRICH AND TRANSFORM RHODE ISLAND AND OUR REGION THROUGH GREAT MUSIC PERFORMANCE AND EDUCATION.

  • PROGRAM HIGHLIGHTS FOR 2023-24: WE CONTINUE TO BE THE LARGEST COMBINED PROFESSIONAL ORCHESTRA AND COMMUNITY MUSIC SCHOOL IN THE NATION. THE ORCHESTRA'S TACO CLASSICAL AND AMICA RUSH HOUR SERIES FEATURED WORLD-CLASS GUEST ARTISTS, DIVERSE REPERTOIRE, AND HIGHLIGHTED A DIFFERENT CONDUCTOR FOR EACH CONCERT AS PART OF AN ONGOING MUSIC DIRECTOR SEARCH. THAT SEARCH CONCLUDED WITH THE SELECTION OF RUTH REINHARDT AS MUSIC DIRECTOR, AND ROBERT SPANO AS PRINCIPAL GUEST CONDUCTOR. A SERIES OF SOLD-OUT POPULAR ARTIST AND HIGHLY ATTENDED SUMMER POPS CONCERTS EXTENDED OUR REACH BEYOND THE CLASSICAL STAGE. IN PERSON LINK UP EDUCATION CONCERTS RETURNED, AND THE PROGRAM REACHED OVER 8,000 STUDENTS IN 80 PARTNER SCHOOL IN 35 DISTRICTS.

    Expenses $2,721,315 · Revenue $989,873

  • THE RI PHILHARMONIC MUSIC SCHOOL CONTINUED TO REACH STUDENTS AND SERVE OUR REGION'S COMMUNITIES THROUGH TUITION-BASED AND COMMUNITY PARTNERSHIP PROGRAMS TAUGHT BY OUTSTANDING FACULTY, INCLUDING ORCHESTRA MEMBERS. WITH ACCESSIBILITY AS A CORNER-STONE, PARTNERSHIP PROGRAMS LIKE LINK-UP, VICTORIA'S DREAM PROJECT, AND OUR TUTION-BASED FINANCIAL AID PROGRAM PROVIDED OVER $1 MILLION IN FREE AND HIGHLY SUBSIDIZED INSTRUCTION TO TENS-OF THOUSANDS OF STUDENTS ACROSS THE REGION. OUR CARTER CENTER FOR MUSIC EDUCATION & PERFORMANCE CONTINUED TO SERVE AS A HUB FOR COMMUNITY-BASED MUSIC ACTIVITY, HOSTING PARTNER INSTITUTIONS LIKE THE PROVIDENCE SINGERS, AMERICAN BAND, RI MUSIC EDUCATORS ASSOCIATION, GIRLS ROCK RI, THE AUTISM PROJECT AND OTHERS.

    Expenses $3,389,069 · Grants $284,553 · Revenue $2,008,906

As filed on the 2023 return.

Listed in Part VII

  • Susan Chung

    PRESIDENT ELECT (AS OF 09/23)

    Total calculated
    $0
    Hours/week
    2

  • Malcolm Griggs

    PAST PRESIDENT (TO 09/23)

    Total calculated
    $0
    Hours/week
    2

  • Brendan McCory

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Edward Wing MD

    CHIEF MEDICAL ADVISOR & SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Karen Pelczarski

    GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    2

  • David Ames

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • William Ash

    DIRECTOR (AS OF 09/23)

    Total calculated
    $0
    Hours/week
    2

  • Ting Barnard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Peter Costa

    DIRECTOR (AS OF 09/23)

    Total calculated
    $0
    Hours/week
    2

  • Linda Diebold

    DIRECTOR (AS OF 09/23)

    Total calculated
    $0
    Hours/week
    2

  • Shauna Duffy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Eustis

    DIRECTOR (AS OF 09/23)

    Total calculated
    $0
    Hours/week
    2

  • Robert Fetzer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Carol Golden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Amy Goldstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jessica Granatiero

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Karen Grande Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Glenna Hagopian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joanne Haworth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marie Myers

    DIRECTOR (AS OF 09/23)

    Total calculated
    $0
    Hours/week
    2

  • Herbert Rakatansky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mary Reineman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Deming Sherman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rosalyn Sinclair

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Von Hemert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Scott Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Winoker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Beauchesne

    EXECUTIVE DIRECTOR

    Total calculated
    $239,351
    From this org
    $229,638
    From related orgs
    $0
    Other
    $9,713
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,638
    Bonus
    $0
    Other
    $0
    Deferred
    $9,713
    Nontaxable benefits
    $0
    Filer's total
    $239,351

  • Laurie Johnson-Carvalho

    DIRECTOR OF DEVELOPMENT (AS OF 03/23)

    Total calculated
    $109,251
    From this org
    $92,067
    From related orgs
    $0
    Other
    $17,184
    Hours/week
    40

  • Jill Frechette

    DIRECTOR OF FINANCE (AS OF 10/23)

    Total calculated
    $79,838
    From this org
    $71,634
    From related orgs
    $0
    Other
    $8,204
    Hours/week
    40

  • Maria Panasian

    DIRECTOR OF FINANCE (TO 10/23)

    Total calculated
    $140,566
    From this org
    $134,924
    From related orgs
    $0
    Other
    $5,642
    Hours/week
    40

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 · Health or social club dues or initiation fees
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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
  • 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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521359349311487

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