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Nonprofiteer
← ALBANY SYMPHONY ORCHESTRA INC

Form 990 for tax year 2023

Filed by ALBANY SYMPHONY ORCHESTRA INC.

Totals

Total revenue
$2,765,240
Total expenses
$3,136,533
Contributions and grants received
$1,464,621
Grants paid
$0
Program service revenue
$651,042
Investment income
$550,947
Other revenue
$98,630
Total assets, end of year
$11,645,390
Total liabilities, end of year
$1,268,833
Net assets or fund balances, end of year
$10,376,557
Program services expenses (Part IX)
$1,876,298
Management and general expenses
$851,330
Fundraising expenses
$408,905
Program service expenses (Part III)
$1,876,298

Program services were 59.8% 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.

  • 1d · Related organizations

    $15,000

  • 1e · Government grants (contributions)

    $159,500

  • 1f · All other contributions, gifts and grants

    $1,290,121

  • 2a · Program service revenue: TICKET SALES

    total $357,319 · related or exempt $357,319

  • 2b · Program service revenue: SUBSCRIPTIONS

    total $293,723 · related or exempt $293,723

  • 3 · Investment income

    total $292,510 · excluded $292,510

  • 7a · Gross sales of assets other than inventory

    securities $2,267,005

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

    securities $2,008,568

  • 7c · Gain or loss

    securities $258,437

  • 7d · Net gain or loss

    total $258,437 · related or exempt $258,437

  • 8a · Fundraising events: gross income

    $107,871

  • 8b · Fundraising events: direct expenses

    $45,782

  • 8c · Net income from fundraising events

    total $62,089 · excluded $62,089

  • 11a · Other revenue: OTHER INCOME

    total $36,541 · unrelated business $36,541

  • 11e · Other revenue, total

    $36,541

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,347,171 · program services $905,473 · management and general $115,562 · fundraising $326,136

  • 7 · Other salaries and wages

    total $198,904 · program services $198,904

  • 8 · Pension plan contributions

    total $52,214 · program services $33,870 · management and general $4,177 · fundraising $14,167

  • 9 · Other employee benefits

    total $54,276 · program services $35,208 · management and general $4,342 · fundraising $14,726

  • 10 · Payroll taxes

    total $103,244 · program services $66,418 · management and general $8,815 · fundraising $28,011

  • 11a · Fees: management

    total $245,540 · management and general $237,494 · fundraising $8,046

  • 11c · Fees: accounting

    total $21,745 · management and general $21,745

  • 11g · Fees: other

    total $53,833 · management and general $53,833

  • 12 · Advertising and promotion

    total $251,890 · management and general $251,890

  • 13 · Office expenses

    total $107,543 · program services $40,020 · management and general $56,510 · fundraising $11,013

  • 17 · Travel

    total $210,082 · program services $210,082

  • 20 · Interest

    total $31,295 · management and general $31,295

  • 22 · Depreciation, depletion and amortization

    total $7,639 · management and general $7,639

  • 23 · Insurance

    total $37,157 · program services $22,065 · management and general $15,092

  • 24a · Other expenses: PRODUCTION EXPENSE

    total $265,625 · program services $265,625

  • 24b · Other expenses: AUDITORIUM RENTALS

    total $48,875 · program services $48,875

  • 24c · Other expenses: MUSIC

    total $25,233 · program services $25,233

  • 24d · Other expenses: RECORDING AND LICENSE F

    total $24,525 · program services $24,525

  • 24e · All other expenses

    total $49,742 · management and general $42,936 · fundraising $6,806

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,536 · end of year $2,088

  • 2 · Savings and temporary cash investments

    beginning of year $352,265 · end of year $250,387

  • 3 · Pledges and grants receivable

    beginning of year $553,976 · end of year $553,534

  • 4 · Accounts receivable

    beginning of year $7,656 · end of year $9,885

  • 7 · Other notes and loans receivable

    beginning of year $938 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $71,076 · end of year $79,975

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

    $369,082

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

    $360,285

  • 10c · Land, buildings and equipment, net

    beginning of year $9,081 · end of year $8,797

  • 11 · Investments: publicly traded securities

    beginning of year $9,928,300 · end of year $10,604,872

  • 15 · Other assets

    beginning of year $324,052 · end of year $135,852

  • 17 · Accounts payable and accrued expenses

    beginning of year $386,409 · end of year $332,945

  • 19 · Deferred revenue

    beginning of year $374,565 · end of year $307,308

  • 23 · Secured mortgages and notes payable

    beginning of year $251,562 · end of year $613,946

  • 25 · Other liabilities

    beginning of year $256,848 · end of year $14,634

  • 27 · Net assets without donor restrictions

    beginning of year -$238,216 · end of year -$565,215

  • 28 · Net assets with donor restrictions

    beginning of year $10,217,712 · end of year $10,941,772

Mission and programs · 2023

Mission

THE ALBANY SYMPHONY ORCHESTRA CELEBRATES OUR LIVING MUSICAL HERITAGE. THROUGH BRILLIANT LIVE PERFORMANCES, INNOVATIVE EDUCATIONAL PROGRAMMING, AND ENGAGING CULTURAL EVENTS, THE ALBANY SYMPHONY ENRICHES A BROAD & DIVERSE REGIONAL COMMUNITY. BY CREATING, RECORDING, AND DISSEMINATING THE MUSIC OF OUR TIME, THE ALBANY SYMPHONY IS ESTABLISHING AN ENDURING ARTISTIC LEGACY THAT IS RESHAPING THE NATION'S MUSICAL FUTURE.

  • THE ORGANIZATION PERFORMS CONCERTS, SUPPORTS THE CREATION OF NEW MUSIC AND THE DEVELOPMENT OF ARTISTS, PRODUCES RECORDINGS AND VARIOUS EDUCATIONAL PROGRAMS.

    Expenses $1,876,298 · Revenue $909,479

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kaweeda G Adams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Melody Bruce MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Christopher Canada

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dr Benjamin E Chi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Marcia Cockrell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ellen Cole PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Becky Daniels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Marisa Eisemann MD

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Nicolas J Faso

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Maureen Geis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Alan Goldberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jerel Golub

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Joseph T Gravini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Catherine Hackert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anthony P Hazapis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jahkeen Hoke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Edward M Jennings

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jane Kadish

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Judith Kahn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Daniel Kredentser MD

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Mark P Lasch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Steve Lobel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Monica Mackey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cory Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Hon Daniel P McCoy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anne Older

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dush Pathmanandam

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Henry Pohl MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Regan

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Barry Richman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Rubin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Hon Kathy M Sheehan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Louis Solano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rabbi Scott Shpeen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Christopher R Stager

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Faith A Takes

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Deshanna C Wiggins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Alan Miller

    MUSIC DIRECTOR

    Total calculated
    $165,950
    From this org
    $161,000
    From related orgs
    $0
    Other
    $4,950
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $161,000
    Bonus
    $0
    Other
    $0
    Deferred
    $4,950
    Nontaxable benefits
    $0
    Filer's total
    $165,950

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

None.

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
  • 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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202541359349310409

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