Form 990 for tax year 2023
Filed by PHILHARMONIC-SYMPHONY SOCIETY OF NEW YORK INC.
Totals
- Total revenue
- $113,915,338
- Total expenses
- $96,174,789
- Contributions and grants received
- $67,917,121
- Grants paid
- $0
- Program service revenue
- $31,307,127
- Investment income
- $15,571,533
- Other revenue
- -$880,443
- Total assets, end of year
- $604,639,364
- Total liabilities, end of year
- $106,758,323
- Net assets or fund balances, end of year
- $497,881,041
- Program services expenses (Part IX)
- $59,962,427
- Management and general expenses
- $27,834,553
- Fundraising expenses
- $8,377,809
- Program service expenses (Part III)
- $59,962,427
Program services were 62.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
PETER W MAY
CO-CHAIRMAN
- Total calculated
- $0
- Hours/week
- 4
-
OSCAR L TANG
CO-CHAIRMAN
- Total calculated
- $0
- Hours/week
- 4
-
LAURA Y CHANG
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
KAREN T LEFRAK
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
DARIA L WALLACH
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
LINDA W HART
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
DAISY M SOROS
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
ALEC BALDWIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
DR KATHRYN BEAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
RAPHAEL BEJARANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
JOSHUA BELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
FRANK BOTMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
YEFIM BRONFMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
ANGELA CHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
CHARLES CY CHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
BRADLEY COOPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
TOOS N DARUVALA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
DR RALUCA DINU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
MISOOK DOOLITTLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
ROY TREY D FARMER III
DIRECTOR (THRU 04/24)
- Total calculated
- $0
- Hours/week
- 4
-
TRISTAN FRESBACH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
SARAH JANE GIBBONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
CLAUDIO X GONZALEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
PETER GROSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
PAUL B GUENTHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
GURNEE FHART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
JOHN B HESS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
SHARON HITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
ROBERT F HOERLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
MICHAEL P N A HORMEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
MARY ANNE HUNTSMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
ANN JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
PETER JUNGEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
STEPHEN KAHNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
DR AVI KATZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
CHRISTOPHER KELLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
JASVINDER KHAIRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
GOLNAR KHOSROWSHAHI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
ALEXANDER KLABIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
HONEY M KURTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
CHRISTIAN A LANGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
TANIA LEON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
ROSS MCKNIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
HAROLD MITCHELL AC
DIRECTOR (THRU 02/24)
- Total calculated
- $0
- Hours/week
- 4
-
JAMES L NEDERLANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
CHARLES F NIEMETH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
GARY W PARR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
ITZHAK PERLMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
JOEL I PICKET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
SUSAN ROSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
CAROL D SCHAEFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
OSCAR S SCHAFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
DR RAJ SESHADRI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
LARRY A SILVERSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
JACKSON TAI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
LING TIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
SYLVIA TOTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
DANIIL TRIFONOV
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
MAGGIE UENG TSAI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
ALEX VOLCKHAUSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
MARY J WALLACH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
SANDRA F WARSHAWSKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
JEAN ZIPERSKI
DIRECTOR (THRU 06/24)
- Total calculated
- $0
- Hours/week
- 4
-
GARY GINSTLING
PRESIDENT & CEO (THRU 08/24)
- Total calculated
- $970,994
- From this org
- $826,154
- From related orgs
- $0
- Other
- $144,840
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $746,154
- Bonus
- $80,000
- Other
- $0
- Deferred
- $60,000
- Nontaxable benefits
- $84,840
- Filer's total
- $970,994
-
KATHIE PARSONS
CHIEF FINANCIAL OFFICER
- Total calculated
- $382,850
- From this org
- $334,842
- From related orgs
- $0
- Other
- $48,008
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $334,842
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $48,008
- Filer's total
- $382,850
-
ADAM GERDTS
SENIOR VICE PRESIDENT, PHILANTHROPY
- Total calculated
- $634,482
- From this org
- $503,115
- From related orgs
- $0
- Other
- $131,367
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $503,115
- Bonus
- $0
- Other
- $0
- Deferred
- $41,538
- Nontaxable benefits
- $89,829
- Filer's total
- $634,482
-
ISAAC THOMPSON
MANAGING DIRECTOR (THRU 09/23)
- Total calculated
- $437,072
- From this org
- $371,481
- From related orgs
- $0
- Other
- $65,591
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $371,481
- Bonus
- $0
- Other
- $0
- Deferred
- $27,000
- Nontaxable benefits
- $38,591
- Filer's total
- $437,072
-
DEBORAH BORDA
EXECUTIVE ADVISOR
- Total calculated
- $1,818,409
- From this org
- $1,728,420
- From related orgs
- $0
- Other
- $89,989
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $967,420
- Bonus
- $761,000
- Other
- $0
- Deferred
- $56,829
- Nontaxable benefits
- $33,160
- Filer's total
- $1,818,409
-
FRANK HUANG
CONCERTMASTER
- Total calculated
- $749,212
- From this org
- $632,321
- From related orgs
- $0
- Other
- $116,891
- Hours/week
- 37
Schedule J breakdown matched by us
- Base
- $545,833
- Bonus
- $86,488
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $116,891
- Filer's total
- $749,212
-
ANTHONY MCGILL
PRINCIPAL CLARINET
- Total calculated
- $545,162
- From this org
- $428,473
- From related orgs
- $0
- Other
- $116,689
- Hours/week
- 37
Schedule J breakdown matched by us
- Base
- $428,473
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $116,689
- Filer's total
- $545,162
-
LIANG WANG
PRINCIPAL OBOE
- Total calculated
- $535,542
- From this org
- $418,853
- From related orgs
- $0
- Other
- $116,689
- Hours/week
- 37
Schedule J breakdown matched by us
- Base
- $387,365
- Bonus
- $31,488
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $116,689
- Filer's total
- $535,542
-
CARTER BREY
PRINCIPAL CELLO
- Total calculated
- $498,785
- From this org
- $422,587
- From related orgs
- $0
- Other
- $76,198
- Hours/week
- 37
Schedule J breakdown matched by us
- Base
- $391,099
- Bonus
- $31,488
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $76,198
- Filer's total
- $498,785
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 · First-class or charter travel
- 1a · Travel for companions
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 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
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- FIRST CLASS FLIGHTS ARE PROVIDED IN ACCORDANCE WITH THE PROVISIONS OF CONTRACTUAL OBLIGATIONS. ON OCCASION, WHEN THERE IS NO COMMERCIAL FLIGHT AVAILABLE TO ACCOMMODATE THE TOURING SCHEDULE OF THE ORCHESTRA, A CHARTER FLIGHT MUST BE USED INSTEAD. THE PRESIDENT AND CEO'S SPOUSE'S COACH-CLASS FARE TO ACCOMPANY THE ORGANIZATION'S PRESIDENT AND CEO ON ONE INTERNATIONAL TOUR PER YEAR IS PROVIDED IN ACCORDANCE WITH THE PROVISIONS OF CONTRACTUAL OBLIGATIONS.
- PART I, LINE 3
- THE BOARD OF DIRECTORS HAS AN EMPLOYMENT AGREEMENT WITH THE PRESIDENT OF THE SOCIETY THAT PROVIDES FOR ALL ASPECTS OF THE PRESIDENT'S COMPENSATION AND BENEFITS PACKAGE. THE PERSONNEL AND GOVERNANCE COMMITTEE AND THE EXECUTIVE COMMITTEE OF THE BOARD ANNUALLY REVIEW AND APPROVE ANY REVISION OF EMPLOYEE COMPENSATION. WHEN CONSIDERING THE COMPENSATION OF TOP MANAGEMENT, THE PERSONNEL AND GOVERNANCE COMMITTEE REVIEWS SALARY INFORMATION OF COMPARABLE NON-PROFIT ORGANIZATIONS, WHICH INCLUDE SPECIFIC DATA RELATING TO THE NEW YORK METROPOLITAN AREA. WHEN CONSIDERING COMPENSATION OF THE PRESIDENT, THE EXECUTIVE COMMITTEE REVIEWS COMPENSATION PAID TO CEOS OF SPECIFIC NON-PROFIT ORGANIZATIONS DEEMED COMPARABLE TO THE SOCIETY IN RELATION TO SIMILAR MISSIONS, SCOPE AND SIZE. THE AMOUNT SHOWN ON SCHEDULE J, COLUMN C, "RETIREMENT AND OTHER DEFERRED COMPENSATION" REPRESENTS THE ANNUAL INCREASE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN ONLY.
- PART I, LINE 7
- AS REPORTED IN SCHEDULE J, PART II, COLUMN B (II), CERTAIN EMPLOYEES ARE ELIGIBLE FOR DISCRETIONARY BONUSES UPON MEETING CERTAIN CRITERIA.
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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE GIFT ANNUITIES (26)
T · CHARITABLE TRUST · NY
-
POOLED INCOME FUNDS (1)
T · CHARITABLE TRUST · NY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 10 July 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511959349301076
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